• It's Here!

    Etf Pro

    Get the big financial market moves right, bullish or bearish with Hedgeye’s ETF Pro.

  • It's Here

    MARKET EDGES

    Identify global risks and opportunities with essential macro intel using Hedgeye’s Market Edges.

Takeaway: The bottom isn’t in – bad 2nd week of January

CALL TO ACTION

Week #2 in January was a weak one for table revenues in Macau. Feedback from the ground indicates widespread weakness with Union Pay scrutiny adding to the long list of issues. Analysts making the “bottom is in” call last week may want to rethink their thesis. While estimates are finally getting cut ahead of the Q4 earnings season, it may not be enough. The near and intermediate risks continue to mount and the numbers are worsening. 

Please see our detailed note:  http://docs.hedgeye.com/HE_Macau_1.12.15.pdf