The U.S. economy is growing. France’s is slowing down. So, sell France and buy American equities, says Hedgeye CEO Keith McCullough.
“France is still France. There’s no economic growth in France, they’re aging at the fastest rate they’ve ever aged. And they’re still Socialists,” McCullough says in the video above.
If you’re already short France, smart move. In the past month alone, the S&P 500 is up +1.7% versus France’s CAC 40 which is down -2.5% over that same period. Stick with that positioning here.
Want more? In the video above, McCullough also explains why the “easiest thing to do in Europe” is to sell European banks because bond yields in Europe continue to fall as the continent’s growth slows and ECB President Mario Draghi goes dovish.