CHART OF THE DAY: Spanish Stocks A Laggard In Euro #Quad2

07/12/21 07:58AM EDT

Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

It wasn’t all-time closing highs in European Equities last week, but it was more of what our economic Quad & Volatility Signaling Process thought it would be:

A) German Stocks (DAX) up another +0.2% off the low-end of their Risk Range = Bullish TRADE and TREND
B) Spanish Stocks (IBEX) down another -1.5% after breaking @Hedgeye TRADE and TREND

No, not everyone reading this is a Macro Pro Premium subscriber. And no, not everyone reads every number and back-test in that 110 slide Q3 Macro Themes deck. But I do…

Everything from the Top 10 Key #Quad3 (or #Quad4) @Hedgeye Signal Levels were in there alongside slide 108 that says “Spanish Stocks Are A Relative Laggard In Eurozone #Quad2”…

CHART OF THE DAY: Spanish Stocks A Laggard In Euro #Quad2 - 7 12 2021 7 47 40 AM

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.