CHART OF THE DAY: Our South Korean SHORT vs. Singapore LONG Positions

To be clear, if you are part of the Pragmatic Market Practitioner classes we give at both Hedgeye University and in my new e-book, Master The Market, there’s a lot of money to be made on all of this.

Let’s do our current South Korean Short vs. Singapore Long positions in Full Investing Cycle #process terms:

1. South Korean Wons have been devalued by -7.6% and -14.5% in the last 1 and 3 years, respectively
2. Singapore Dollars are only -0.6% year-over-year and are UP +2.2% in the last 3 years vs. USD 

If you do Global Macro my way, that’s not new “news” to you this morning. If you don’t know where FX is vs. USD on a multi-duration basis, you can’t build accurate INFLATION and GROWTH Nowcasts.

How about Full Investing Cycle returns of Dr. KOSPI vs. stocks in Singapore:

1. South Korea’s Stock market (Short EWY) is down -4.8% in the last month and -15% from its Cycle Peak
2. Singapore’s Stock Market (Long EWS) is +6.4% for us in the last month and new Cycle and All-time highs

 All-time, as we like to coach, remains a very long time.