Editor's Note: Below is a brief chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
"... We’ll get into much more detail on how the #BeliefSystem is breaking down in both Japan and Europe on our Q2 Global Macro Themes Call at 11AM EST, but at a basic level here were some basic rules that levered macro strategies used to get paid by:
- BOJ (Bank of Japan) prints, devalues, and prints => Yen falls => Japanese Stocks rise
- ECB (European Central Bank) says “whatever it takes” => Euro falls => European Stocks rip"