Yes - oil prices like Putin.
Brent Oil broke its immediate-term momentum line of $115.11 last week. But it held our TREND support line and bounced right where it should have.
Higher oil prices remain the biggest risk to global consumption growth. There’s only one real way for President Obama to fight Vladimir Putin on this – weapons of mass US currency appreciation.
In other words, America needs #StrongDollar.
(Editor's note: This brief excerpt is from Hedgeye's morning research. For more information about our products please click here.)