|
Editor's Note: The Macro Show is the only pre-market show gearing you for the days and weeks ahead, devoid of narratives and packed with data-driven macro analysis. Hosted by Hedgeye CEO Keith McCullough live at 9:00am ET, this daily online broadcast offers smart investors sharp insights and actionable investment ideas. Enjoy this complimentary edition below. |
CLICK HERE to access today's slides
CLICK HERE to listen to the audio-only replay
HEDGEYE'S TOP 3 THINGS
Below are the top three things from Hedgeye CEO Keith McCullough's Macro Notebook this morning:
1) ASIA – Melt-up Asia is not, but up it is, across the board, including our fav shorts (Japan +1.3%, China +0.7% - both to the top-end of @Hedgeye Risk Range™ Signals) as the Doctor (KOSPI) punches its ticket for Day 2 back above Bullish @Hedgeye TREND Signal level.
2) EUROPE – Melt-up, it is, towards new Cycle Highs for Germany’s DAX which is great – Full Cycle Investors continue to get paid to be patient with European Equities as the Eurozone (France, Germany, Italy) has been signaling #Quad2 in Q4 the entire way up; Spain (which we were short) gets stopped out with a +2.2% ramp this morning back to Bullish @Hedgeye TREND and #Quad2 in Q4 as well.
3) VIX – What do your Full Cycle Returns in the USA look like at VIX 13 or 14? Front-month heading to 14.09 for today/tomorrow is what the Risk Range™ Signal says and consensus is still hedging this ramp instead of owning for real with implied volatility on SPY back up to +34% vs. 30-day realized and XLI and XLU (both longs) with +108% and +75% premiums!
In Case You Missed It
WEBCAST REPLAY | RICKARDS + MCCULLOUGH: FED POLICY MISTAKE? MARKET RISK RISING
Watch the full replay of this special investing discussion between Hedgeye CEO Keith McCullough and the iconoclastic provocateur Jim Rickards, New York Times Bestselling Author and renowned investor, from HedgeyeTV.
They cover the Fed, macroeconomics, politics, China, inflation, deflation, gold, stocks, bonds & more in this non-consensus discussion on global macro.
CLICK HERE to watch the full replay.
