McCullough: No Narratives → Just #Quad2 Cycle Highs

02/04/21 01:42PM EST

Below is a brief excerpt transcribed from Thursday's edition of The Macro Show hosted by CEO Keith McCullough and Director of Research Daryl Jones.

McCullough: No Narratives → Just #Quad2 Cycle Highs - 1.2.4

10-year yield – hitting a new cycle high.

Were you sitting there freaking out about breakevens, or this or that strategist’s target? I didn’t have a target, I just said yields were going up. Higher, higher and higher.

Why?

We had economic data this morning.

McCullough: No Narratives → Just #Quad2 Cycle Highs - 3.2.4

In this morning’s Early Look note, I went through all of it – the growth piece, earnings piece, and the inflation piece.

Look at earnings, 5.5%, a new cycle high. ISM Services yesterday, new cycle high.

McCullough: No Narratives → Just #Quad2 Cycle Highs - 2.2.4

Green lights.

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