• HEDGEYE’S MARKET BRIEF
    Our FREE Investing Newsletter
    Get Exclusive Summer Sale Discounts

    By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. All Hedgeye products and services are subject to Hedgeye’s Terms of Service available at www.hedgeye.com/terms_of_service

The Russian Stock Market lost almost -6% of its value today, and now the RSX is chasing its consensus momentum ETF friend in Brazil (EWZ) down to the bottom of the July performance barrel.

These levered plays on commodity inflation are down -21% and -22% since mid May, when we made our "Fading Fast Money" call (see chart).

It may be time to call your broker and ask them what exactly resides within these ingenious ETF instruments.

KM
Charts by Andrew Barber, Director - Research Edge, LLC