McCullough: The Ripple Effects of China’s Slowdown

06/06/18 10:14AM EDT

Analysts at Hedgeye have been warning about #ChinaSlowing for six months now. With the world’s second-largest economy beginning to slow, it was bound to adversely affect markets in its orbit.

That is becoming more apparent as Asian emerging markets continue to get tattooed in 2018.

Look no further than Indonesia, Malaysia and the Philippines. All three of these equity markets are down big on the year. Meanwhile, Thailand and South Korea are also in the red.

As Hedgeye CEO Keith McCullough notes in the clip above, this downward trend started well before the “Trump Trade War” narrative began.

“This didn’t start happening out of thin air,” McCullough says.

“China is slowing. This is the biggest and most consequential factor in the world today that matters for emerging market Asia.”

Watch the full clip above for more.

McCullough: The Ripple Effects of China’s Slowdown - early look

© 2019 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.