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.