06/18/18 08:10 AM EDT

CHART OF THE DAY: Violent Reversal In Brazil

Keith McCullough

Editor's Note: Below is a brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

Brazilian Stocks dropped another -3.6% last week to -8.0% YTD = Bearish TREND @Hedgeye ... Unlike the Italian 10yr Yield which pulled back -52 basis points last week, Brazil’s 10yr was UP another +67 basis points to +12.31%. That puts the Brazilian 10yr Yield +206 basis points for 2018 YTD and decisively Bullish TREND @Hedgeye.

CHART OF THE DAY: Violent Reversal In Brazil

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