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

Let’s get back to measuring and mapping the #process and start with the Global Currency Market (screaming #Quad4):

  1. Brazilian Real was +2.0% vs USD last week, confirming a new Bullish TREND
  2. Polish Zloty lost -8.1% vs USD last week and is down -10.9% in the last month

Yes I can measure and map an epic Zloty #divergences vs Brazil’s Commodities-currency one-handed. Aren’t I special?

Unlike my former self (a “fundamental” long/short stock picker from 1998-2003),  I wouldn’t dare try to pick a country, sector, or stock, without knowing that the Hungarian Forint was down -8.7% last week and stocks in Budapest were down -12.1%.

CHART OF THE DAY: Mapping The #Process Starts With The Global Currency Market - ttt1