Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Nah, you don’t hear much of a peep from the peeps who have been “Bullish on cheap EM” this year. Ex some Oily EM’s like Russia (RSX) and Saudi Arabia (KSA) The Singularity of my Signaling Process has kept me out of EM and short China.
European Equities have been a much better place for Full Cycle Investors to compound returns in 2021:
Both last week and the past month have downgraded Germany to #4 on my Strength of Signal Rankings with Switzerland (EWL) still at #1 followed by the Netherlands (EWN) and France (EWQ) in the #2 and #3 slots. Spain (EWP) remains our top Euro Short.