(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.
