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Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.

Chinese Stocks (A-Shares) corrected -1.6% last week and are actually UP +0.2% in the last month vs. something like German Stocks which got crushed -8.6% last week to down -9.4% in the last month.

Put simply for the non-“trader “sophisticates: #Quad1 Long China vs. #Quad4 Short Germany = #Alpha.

CHART OF THE DAY: #Quad1 Long China vs. #Quad4 Short Germany - CoD China vs Germany