Comments from CEO Keith McCullough


I couldn’t make up this #1 Headline on Bloomberg this morn if I tried – “STOCKS, OIL CLIMB ON GLOBAL ECONOMIC RECOVERY”:

  1. RUSSIA – which is obviously a PetroDollar Equity market continues to rage higher as inflation expectations do. The RTSI is up another +2.4% this morning and +22% for the YTD as President Obama blames oil rising on “Wall Street Speculators” (dollar down be damned)
  2. COPPER – the Doctor just doesn’t agree with this manic media headline at all – neither does the 10yr UST yield – both are failing at critical lines of resistance of $3.85/lb and 2.03%, respectively, this morning. Those who confuse inflation with growth will be doing it for the 3rd time since 2008.
  3. YEN – How one of the world’s top 3 currencies can collapse like this and it not be called out by consensus is far beyond my reach. The Yen is down -6% for the month-to-date! Its not a straight line down, but its close – reminds me of the Euro falling off its highs in April of 2011 and consensus saying “hey, buy European exporters!” – we continue to see this sov debt maturity spike (March) in Japan as the why on Yen…

I’m net long equities for this morning’s open and I shouldn’t be. High Frequency Gambling at this pt.





THE HBM: YUM, MCD, COSI, DRI - subsecotr 1





YUM: Yum’s Taco Bell will debut a new marketing campaign this weekend centered on a new “Live Más” slogan.


MCD: McDonald’s is offering the McBaguette in France; a Charolais burger served on a baguette.


COSI: Cosi has regained compliance with Nasdaq listing standards.





SONC:  No news hitting the tape but we believe that SONC is a big beneficiary of weather this year – the weekend of February 5thsaw Texas covered with snow from the Rio Grande to the Oklahoma border.


THI: Tim Hortons gained 4% on accelerating volume thanks to strong earnings hitting the tape yesterday before market open.


JACK: Jack in the Box declined on earnings.





DRI: Darden is hosting its Analyst Day in NYC today.  In an interview with CNBC yesterday, CEO Clarence Otis said that shrimp costs are up and also that he sees good fundamentals at Olive Garden.





Howard Penney

Managing Director


Rory Green



SECTOR SPOTLIGHT | Live Q&A with Healthcare Analyst Tom Tobin Today at 2:30PM ET

Join us for this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.

read more

Cartoon of the Day: Bulls Leading the People

Investors rejoiced as centrist Emmanuel Macron edged out far-right Marine Le Pen in France's election day voting. European equities were up as much as 4.7% on the news.

read more

McCullough: ‘This Crazy Stat Drives Stock Market Bears Nuts’

If you’re short the stock market today, and your boss asks why is the Nasdaq at an all-time high, here’s the only honest answer: So far, Nasdaq company earnings are up 46% year-over-year.

read more

Who's Right? The Stock Market or the Bond Market?

"As I see it, bonds look like they have further to fall, while stocks look tenuous at these levels," writes Peter Atwater, founder of Financial Insyghts.

read more

Poll of the Day: If You Could Have Lunch with One Fed Chair...

What do you think? Cast your vote. Let us know.

read more

Are Millennials Actually Lazy, Narcissists? An Interview with Neil Howe (Part 2)

An interview with Neil Howe on why Boomers and Xers get it all wrong.

read more

6 Charts: The French Election, Nasdaq All-Time Highs & An Earnings Scorecard

We've been telling investors for some time that global growth is picking up, get long stocks.

read more

Another French Revolution?

"Don't be complacent," writes Hedgeye Managing Director Neil Howe. "Tectonic shifts are underway in France. Is there the prospect of the new Sixth Republic? C'est vraiment possible."

read more

Cartoon of the Day: The Trend is Your Friend

"All of the key trending macro data suggests the U.S. economy is accelerating," Hedgeye CEO Keith McCullough says.

read more

A Sneak Peek At Hedgeye's 2017 GDP Estimates

Here's an inside look at our GDP estimates versus Wall Street consensus.

read more

Cartoon of the Day: Green Thumb

So far, 64 of 498 companies in the S&P 500 have reported aggregate sales and earnings growth of 6.1% and 16.8% respectively.

read more