Bearish on the Russian Bear

Takeaway: If you're looking to get short something in Europe, take a look at Russia.

(Excerpted from Hedgeye's morning conference call)

If you're looking to get short something in Europe, take a look at Russia which is currently testing YTD lows. It’s been an unequivocal train wreck, down 15% since January. Give the credit where it’s due: falling oil prices, which are looking weaker by the day. Incidentally, oil looks like the next bull catalyst for US consumption stocks.

Yes - we are short oil. 

Bearish on the Russian Bear - russia