"Did the US start a “trade war” with Argentina or Brazil? Nope. The Argentine Peso crashed all on her own. And now President Macri is the one who is going to impose “new taxes on exports," writes Hedgeye CEO Keith McCullough in today's Early Look. "Yep. The truth is that #TheCycle never left Latin America. The same consensus Macro Tourists who think every market move is due to “Trump and Trade War” were the ones who came into 2018 long of Emerging Markets because it was allegedly “different this time.”
Click here to get our "Cartoon of the Day" emailed to you for free.