The Economic Data calendar for the week of the 19th of January through the 23rd of January is full of critical releases and events. Attached below is a snapshot of some of the headline numbers that we will be focused on.
Here's a quick look at some of the top videos, cartoons, market insights and more from Hedgeye this past week.
McCullough: This Is The Uber-Bull Case For Gold
In this excerpt from Wednesday's Morning Macro Call, Hedgeye CEO Keith McCullough responds to a viewer's question about recent moves in gold and outlines what he believes could make the "uber-bull" setup for gold moving forward.
Hedgeye's Morning Macro Call Replay: Is JPM Set Up Worse Now Than 2011?
On a special extended edition of the Morning Macro Call (from Wednesday), Hedgeye CEO Keith McCullough gives his global macro rundown, welcomes in Financials Sector Head Josh Steiner to talk JP Morgan after they missed earnings, and announces Hedgeye's Market Marathon, an all-day live streaming event that will air on January 27.
To sign up for the Market Marathon, visit live.hedgeye.com/market-marathon
McCullough to Underperformers: Stop Whining
In the Q&A portion of Tuesday’s Morning Macro Call, Hedgeye CEO (and Mite Hockey Coach) Keith McCullough discusses the drastic performance divergences in early 2015 and offers his insight for investors who are under-performing early in 2015. Keith also reveals where he has received the most pushback on the 1Q15 Macro Themes and why the bond market is refuting those concerns.
McCullough: Why I'm in No Hurry to Buy Energy Stocks | RTA Live
In this excerpt from Monday’s Real-Time Alerts Live show, Hedgeye CEO Keith McCullough responds to a question about one stock in the energy sector.
Subscribe to Real-Time Alerts for access to the full show, plus all of Keith's signals, #timestamped and sent right to your inbox -http://www.hedgeye.com/pages/individuals#real-time-alerts
RETAIL SALES DECLINE
Retail sales suffered their largest decline in nearly a year, down 0.9% in December.
PASS THE DRAMAMINE
As the new year begins, it's a fair wind for some sectors and a perfect storm for others.
CENTRAL PLANNING, SWISS STYLE!
Editor's note: This is a brief excerpt from Thursday's Morning Newsletter by Hedgeye CEOKeith McCullough.
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While I probably don’t deserve a Ph.D. (or a perma bull II vote) for this, I’ve always said that un-elected central market planners would perpetuate the next crisis. That’s #on this morning – follow the interconnected risk:
WHAT IF JOBLESS CLAIMS (ENERGY STATES) BREAK OUT TO THE UPSIDE?
WILL OIL PRICES DROP BELOW $30 AT ANY POINT THIS YEAR?
We wanted to know what you thought.
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Hedgeye CEO Keith McCullough appeared on Opening Bell with Maria Bartiromo this morning to talk volatility, central planning, and deflation. With bond yields plummeting and global tensions rising, Keith thinks that the U.S. jobs market and Europe are now vulnerable as well.
Hedgeye CEO Keith McCullough shares the top three things in his macro notebook this morning.
Takeaway: Port disruption/potential strike can only hasten NKE's plan to diversify manufacturing base. KATE Saturday partnership with NB.
Footwear industry warns of ‘catastrophe’ if U.S. West Coast ports shut down
Takeaway: The title of this article borders on ridiculous, as it would be a catastrophe for a few dozen industries (not just footwear), as well as the balance of US/Asia trade if the West Coast Ports shut down. But that's exactly why they will not shut down.
That said, continued interruptions are probable, which we're not sure is a bad thing in the footwear space. Keep in mind that Nike is on the verge of rolling out broader footwear production for FlyKnit product (non-labor intensive) in the US, and closer to the point of sale in other developed markets. We can only think that problems with product delivery at the ports can only hasten Nike's plan to diversify its manufacturing base.
KATE - Kate Spade Saturday/New Balance Partnership
Takeaway: This is Saturday's 2nd partnership of 2015. The first with West Elm debuted earlier this month and the 2nd (pictures below) with New Balance just went live. These partnership have zero downside for KATE. West Elm is carrying the load on the home wares side and the New Balance collection is featured in just 10 stores nationwide with an e-comm presence. They can't damage what does not exist in the event that this initiative goes South.
DG - Dollar General Provides Update on FTC Review of Its Proposed Acquisition of Family Dollar
TIF - Tiffany’s Slumping Shares May Rekindle Takeover Talk: Real M&A
RSH - RadioShack Prepares Bankruptcy Filing
Verizon: Retailers fail to maintain PCI compliance
WTSL - Wet Seal Files for Chapter 11 Bankruptcy Protection
Hedgeye CEO Keith McCullough handpicks the “best of the best” long and short ideas delivered to him by our team of over 30 research analysts across myriad sectors.