China's industrial production report was a disappointment, and this strategist has a way to play it.
As if a $2 billion loss by a major bank and swollen oil inventories weren't enough to dampen investors' spirits, China had to come along and report the lowest industrial output in three years. Todd Gordon, co-head of research and trading at Aspen Trading Group, has a plan for trading on investors' gloom.
"I'm short the market," he told CNBC's Scott Wapner. "I think that means you want to be long dollars in the FX market."
Gordon recommends buying dollars against the oil-producing Norway's krone.