The Best of This Week From Hedgeye
Here's a quick look at some of the top videos, cartoons, market insights and more from Hedgeye this past week.
Yep, US GDP Growth Is Slowing
3Q growth estimates coming down....again. Don't say we didn't warn you.
Cartoon of the Day: Fightin' Words
Don't look now (if you're in the macro consensus) but the 10-Year is at 2.33%.
Macro Consensus Remains Royally Flummoxed Over Epic Move in Treasuries
We can’t understand why macro consensus still doesn’t get it.
CHART OF THE DAY: $TLT +17.2% vs. $IWM 0.0% #TimeStamped
Score: Long Bond (TLT) +17.2% vs. Russell 2000 0.0% YTD #timestamped (10yr yield = 2.34%). Incidentally, that’s pre-reinvesting dividends if you are long the 30yr UST Bond, the absolute return is even better.
But you won’t hear that on Old Wall TV. You probably won’t read that in the paper either. Instead, you’ll hear something from the cheap seats like, “look at the Dow – its above its 50-day moving avg.”
It is hard to believe it but the song, “The Gambler”, which was written by Don Schlitz and recorded by the legend Kenny Rogers is almost 36 years old.