Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
While Emerging Market “Stocks” (MSCI Index +1.7% on the week) absolutely loved Down Dollar last week, Commodities did not:
And you thought the #BeanDeal was bigger than bigly big? So did consensus. At +73,814 net LONG contracts, long of Soybeans in Trumpian Tweet terms has the HIGHEST 1-year z-score in all of Global Macro right now at +2.37x!