08/22/23 08:53 AM EDT

CHART OF THE DAY: Credit Card Balances Hit Higher Highs

Below is a chart and brief excerpt from today's Early Look written by Director of Research Daryl Jones.

Credit card balances are up some +17% Y/Y and interest rates on those balances are at all-time highs. The combination of two years of negative purchasing power and ballooning credit card balances ... now that is stressful!

CHART OF THE DAY: Credit Card Balances Hit Higher Highs

An Open Letter To Fed Chair Powell: 'Mission Accomplished' On Inflation? NO

Cartoon of the Day: On Cloud Nine (Thanks to Three)

CHART OF THE DAY: Our South Korean SHORT vs. Singapore LONG Positions

Cartoon of the Day: Apocalypse or Pullback? Depends Who You Ask

CHART OF THE DAY: The Flows of The Machine = ATH

Cartoon of the Day: Post-Turkey Blues: Inflation’s Still Gobbling Up Wallets

WATCH | Current Market Risks + Investing Opportunities

WATCH | Digital Assets Playbook: Crypto Just Went MOON… What Comes Next?

CHART OF THE DAY: Fade the Crowd

CHART OF THE DAY: US Debt Spiraling

WATCH | David Salem Discuses Capital Allocation on Bloomberg

4 Tips to Maximize Your Signal Strength Stocks Subscription

America Has Been In Recession for Years

CHART OF THE DAY: The #QuadDivergences In Mexico and Canada Have Paid Out

Cartoon of the Day: Wealth Gap

CHART OF THE DAY: Since-IPO Stock Returns of Select PE Firms

Sign up for free: Hedgeye's Market Brief