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

For those of you who don’t know, now you know. There have been major liquidity issues in the past 2 weeks. Here's one. 

BREAKING: “Germany to consider lockdown”

And, the German DAX corrects towards the low-end of my Risk Range™ Signal on that noise this morning. What happens after Austria’s 10-day (short-term) lockdown btw?

Austrian stocks are up this week, but that’s not Macro Tourist news.

CHART OF THE DAY: German Lockdowns & Liquidity Issues  - nl1