Editor's Note: This is a brief excerpt and chart from today's morning market note from Hedgeye CEO Keith McCullough. Click here to learn how you can subscribe.
What are we learning this early in the week?
- Burning Euros (down another -0.7% to $1.09) are perpetuating #StrongDollarDeflation risks, across markets
- With the US Dollar up again yesterday, the CRB Commodities Index got tagged for a -3% loss in the backfield
- With WTI Oil and Copper -7.7% and -3.5% on the day, respectively, both are right back in @Hedgeye TAIL risk mode
- Energy Stocks (XLE) led losers -1.3% on that yesterday and are already -2.2% to start July = down -7.1% YTD