Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
While I can count, it’s getting hard to count how many times tourists have told me the “US Dollar is breaking out” since my Signal went Bearish @Hedgeye TREND on it back in June 2020.
As a reminder, the only Quad where the US Dollar Index has a positive expected value is in #Quad4.
On the other side of US Dollar weakness was more specific Commodity inflation (ex-Oil, which corrected last week):
No, that’s not a Lumber typo. And, yes, if you’re a Fed Fan club member you can just call that “transitory”, fully loaded with 4.9 MILLION 30yr olds in America entering the 1st time home buyer market…
Or, you can be less theoretical… and just own #InflationAccelerating, and make money on it.