Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
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Our Quad Maps crushed whatever people thought Argentina’s economy could/should be coming out of the 2017 top in Emerging Markets. We’ll let you know if/when that changes. That’s the tough part about breaking the back of the US Dollar Index and/or getting the Trade Weighted US Dollar (see Chart of The Day) off a 20-year high. We still have major emerging market countries (like China) #slowing, and their currencies are weak in kind. |
