Editor's Note: Below is a chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.
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Spanish stocks are leading losers again this morning. Italy has entered a recession. German Retail Sales #slowed to a cycle-low of -2.1% year-over-year in DEC and French Consumer Spending plunged -400 basis points to -2.1% year-over-year in DEC too. We’ve not been “Long Europe” for well over a year now. Sure, there have been many bear market bounces that we could have chased. But we don’t chase. We stay with the #process. |
