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

Anyone Long Japan (EWJ) vs. Short China via Hong Kong (EWH)?

A) Japan’s Nikkei finally corrected -2.4% last week to +17.7% in the last 3 months
B) Hong Kong’s Hang Seng was down another -2.9% last week to -9.7% in the last 3 months

So… the ole hockey-head guy covered-SOME Hong Kong and bought-MORE Japan on red last week, eh.

CHART OF THE DAY: Long Japan $EWJ vs. Short China via Hong Kong $EWH - MondayCod