Investors betting on the "synchronized global recovery" are getting absolutely hammered this year. Hedgeye subscribers have been amply protected.
Wall Street performance has apparently been pretty poor this year. Here's one of the lead stories on Bloomberg.com this morning.
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"The half that began with "melt-up" euphoria ended with melt-down fear. Investors breezed into 2018 expecting to pick up easy returns from steadily rising asset prices. Instead, they're nursing losses on bets that had delivered the biggest gains from a decade's worth of buoyant liquitidy. Emerging economies began hte year as a market darling only to be toppled by a surge in the dollar and rising political risks. A brewing trade war has dashed expectations synchronized global growth would keep pumping up equities. China, long seen as the world's growth engine, slipped into a bear market." |
Meanwhile, Hedgeye subscribers have been well ahead of the pack with themes like #DollarBottoming, #EuropeSlowing, #ChinaSlowing, #EMUnderweight, #GlobalDivergences. (Below are the Macro themes and their time stamps.)
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