• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Below, Andrew Barber, and I have attached a chart of the rolling sequential changes in Germany's import/export trade data. The German economy continues to hold up better than bad.

I am long Germany via the EWG etf in the Hedgeye Portfolio. The conservative monetary policy of the Bundesbank allows me to sleep more soundly at night on a relative basis to country etf's like Japan, which I continue to short. Germany's EWG security also pays a handsome 9% dividend yield, which I'm happy to collect in economic times like this.

*Full Disclosure: I am also long EWG in my personal fund.
KM