Editor's note: This is a brief excerpt from Hedgeye morning research from CEO Keith McCullough. Click here to learn more about how you can subscribe.
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Another horrendous economic data point in Japan with Auto Sales down -14.2% year-over-year in February. So… how did Japanese stocks handle the news? They’re making another fresh, 15-year high.
The Weimar Nikkei is up +8% year-to-date, moving up another +2.3% on the week (S&P 500 was -0.3% last week).
Nikkei loves Burning Yens!