HEDGEYETV
Hedgeye CEO Keith McCullough talks markets on Fox Business' Opening Bell with host Sandra Smith, filling in for Maria Bartiromo.
In this excerpt from the Retail team’s conference call this morning for institutional investors, Brian McGough explains one key point in his bearish thesis on Kohl’s. Hint: it has to do with JC Penney.
http://www.youtube.com/watch?v=KWBTM1PyBAU
Hedgeye CEO Keith McCullough takes a look underneath the economic hood and explains why stocks and bonds both have it right.
http://www.youtube.com/watch?v=g8gKeMhQpyI
CARTOONS
Stay with what’s been working all year – #InflationAccelerating and slow-growth #YieldChasing assets.
Food prices have surged in the US as Americans suffer sticker shock.
Could the data be more clear? #InflationAccelerating slows growth.
CHART
POLL
The PPI report on Wednesday showed (shocker!) that inflation is soaring – thanks in large part to food prices. Click here to view the poll and results.
HEDGEYE.COM
Sell Growth: SP500 Levels, Refreshed
In a research note CEO Keith McCullough originally wrote for subscribers he said, "But whatever you do, don’t call falling bond yields (do not sell bonds here!) on today’s #ConsumerSlowing (Retail Sales +0.1%) print a US growth slowing confirmation. The weather turned, but the consumption data that matters most didn’t." Click here to read more.
Retail: Wal-Mart Plays Right Into #GrowthSlowing | $WMT
Sure, Wal-Mart's comp miss is obvious, but the earnings per share miss is startling given historical context. As Hedgeye Retail analyst Brian McGough explains, this plays right into Hedgeye's #GrowthSlowing theme. Click here for more.
Fund Flows, Refreshed
Last week's data reveals significant deceleration in equity fund flows, capping off a week of less-than-stellar performance. Click here to continue reading.