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Below is a brief excerpt transcribed from Monday's edition of The Macro Show hosted by Hedgeye CEO Keith McCullough |
Lets talk about the rip roaring fun in Asia!
It seems we have these off the charts days in Japan regularly now. The Nikkei was up another 2% last night. The Nikkei is now up 7% in a month.
That is awesome. Moreover, you can see Dr. Kospi was up 2% this morning. That’s right around where it was in 1Q18.
China was also up 1.1% and Taiwan (which we are also long) was also up 2.1%.
So everyone is a winner in Asia! Remember, the down U.S. Dollar is a great way to express those bets.
What the market is trying to get is #Quad2 for 2021, both locally and globally.
Don’t forget that the market front runs the quads. You can see that in our Chart of the Day.