On The Call @ Hedgeye, Financials, Macro & Housing analyst Josh Steiner and Hedgeye CEO Keith McCullough discuss Eurozone consumer confidence hitting an all-time low, with Italy getting hammered the hardest.

“People in Europe, from a confidence standpoint, are feeling less than good,” comments Steiner. “Our short Europe call as part of our 3Q22 Macro Themes remains very much intact.”

“Italy has been the big highlight for us in the most recent Macro Deck when we talk about fundamental sovereign credit risk,” adds McCullough during today's Macro Show. “It’s the deficit position, the demographic position, and obviously the debt that has Italy strangled here.”

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