Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.
Why bet on a new secular bull in the Chinese Industrial economy when Chinese Consumer Stocks already back-test as LONGS in #Quad3? As you can see in today’s Chart of The Day, the only time to sell the MSCI China Consumer Index is in #Quad4.
Can EM (Emerging Markets) Equities go higher from here?A) South Korea’s KOSPI – yes, as it recently moved from Bearish to Bullish TREND
B) EEM (MSCI Emerging Markets ETF) – yes, it has a large China Consumer component and is also Bullish TREND