Hedgeye's Financials team of Josh Steiner and Jonathan Casteleyn discuss trends they've identified from this week's earnings reports from Bank of America, Citibank, Goldman Sachs, JP Morgan and Wells Fargo. ($BAC $C $GS $JPM $WFC)
Macro Analyst Ben Ryan discusses why Hedgeye remains bullish on gold despite recent news that Goldman Sachs has reiterated its bearish call. He speaks with Director of Research Daryl Jones.
Consensus Macro is still clueless over myriad market and economic moves and trends.
The relative (and absolute losses) in the Russell 2000 for 2014 YTD shouldn’t surprise anyone who has been following Hedgeye.
U.S. housing starts unexpectedly fell 9.3% to a nine-month low to an 893,000 annualized rate in June, versus a 985,000 pace in May which was weaker than initially estimated. For the record, Hedgeye has been bearish on housing since the spring. “Today’s number wasn’t pretty, it confirms our negative outlook,” said analyst Josh Steiner who co-heads Hedgeye's financials and housing sectors.
In our poll we asked: Are you bullish or bearish on housing over the next year?
At the time of this post, 71% were bearish, 29% were bullish.