• Hedgeye Investing Summit (A Special HedgeyeTV Webcast Event)

    The sharpest minds in investing discuss the most important market and economic developments and their investing implications.

With so many companies initiating or accelerating investment in China over the past quarter – I had my team dig in to when each apparel/footwear company started investing in building a Chinese consumer business (i.e. not manufacturing). It’s pretty startling when charted against the Yuan/Dollar. Some companies were ahead of the curve – such as Nike, Adidas, VF Corp, and even Jones Apparel Group (1993 – who would have thunk??). But I’m astounded by the sheer number of companies that invested in China AFTER a parabolic move in currency (bad trade) due to slowing growth in core markets. This chart shows proactive versus reactive strategic planning at its best.