Morning Reads on Our Radar Screen

Takeaway: A quick look at some stories on Hedgeye's radar screen.

Keith McCullough – CEO

Treasury yields mark new two-year highs (via MarketWatch)

Egyptian police killed in Sinai ambush at Rafah (via BBC)

Deadline looms for creditors to object to Detroit bankruptcy (via Reuters)

Scottish Independence Case Clouded by Oil Industry Growth Drag (via Bloomberg)

PGA’s Dustin Johnson engaged to Gretzky (via ESPN)

 

Morning Reads on Our Radar Screen - earth1

 

Daryl Jones – Macro

Repo Market Decline Raises Alarm as Regulation Strains Debt (via Bloomberg)

Caroline Baum's View on Money (via Bloomberg)

 

Howard Penney – Restaurants

Restaurants ready for football preseason (via Nation’s Restaurant News)

A Record Number Of Millennials Are Living at Home, But It’s Not What It Looks Like (via PolicyMic)

 

Jonathan Casteleyn – Financials

Obama Focuses on Risk of New Bubble Undermining Broad Recovery (JC note: Trouble in the U.S. bond market is the next big trade via Bloomberg)

Last Bernanke Years Shows No Sign of Buyer’s Remorse (JC note: Bernanke needs to present a plan to unwind the Fed's balance sheet - it started at $900 BB and now is at $3.6 TT via Bloomberg)

 

Matt Hedrick - Macro

Nestle’s Sales Slowdown Seen Leading to Fewer Brands (via Bloomberg)

 

Tom Tobin – Healthcare

Reform Update: GOP-led states raise security concerns over insurance exchanges (via ModernHealthcare.com)


Cartoon of the Day: 'Biggest Tax Cut Ever'

President Donald Trump's economic team unveiled what he called last week, "the biggest tax cut we’ve ever had.” Before you get too excited about that hang on a sec. "Trump Tax Reform ain’t gettin’ done anytime soon," Hedgeye CEO Keith McCullough wrote in today's Early Look.

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Neurofinance: The Psychology Behind When To Sell A Bull Market

"Most momentum investors stay invested too long, under-reacting and holding tight after truly bad news finally arrives to break the trend," writes MarketPsych's Richard Peterson.

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Energy Stocks: Time to Buy the Dip? | $XLE

What the heck is happening in the Energy sector (XLE)? Energy stocks have trailed the S&P 500 by a whopping 15% in 2017. Before you buy the dip, here's what you need to know.

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Cartoon of the Day: Hard-Headed Bears

How's this for "hard data"? So far, 107 of 497 S&P 500 companies have reported aggregate sales and earnings growth of 4.4% and 13.2% respectively.

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Premium insight

McCullough [Uncensored]: When People Say ‘Everyone is Bullish, That’s Bulls@#t’

“You wonder why the performance of the hedge fund indices is so horrendous,” says Hedgeye CEO Keith McCullough, “they’re all doing the same thing, after the market moves. You shouldn’t be paid for that.”

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SECTOR SPOTLIGHT Replay | Healthcare Analyst Tom Tobin Today at 2:30PM ET

Tune in to this edition of Sector Spotlight with Healthcare analyst Tom Tobin and Healthcare Policy analyst Emily Evans.

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Ouchy!! Wall Street Consensus Hit By Epic Short Squeeze

In the latest example of what not to do with your portfolio, we have Wall Street consensus positioning...

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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.

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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.

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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.

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

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

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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.

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