In this clip from today’s edition of The Macro Show, Hedgeye CEO Keith McCullough hits on his top theme of the day: GLOBAL #Quad4’s in Russia, South Korea, and the U.S.A. (Remember, it’s global macro, your allocations should reflect that.)
From Keith’s Top 3 Things:
#QUAD4(s): The 3 nastiest #Quad4 Countries to be long of Equity Risk remain Russia (stocks crashing another -6.2% today to -32% since OCT), South Korea (KOSPI down another -1.5% overnight to -15.5% from Cycle Peak), and USA (NASDAQ and Russell -14.3% and -18.6%, respectively, from their #Quad2 Cycle Peaks)
