Today's U.S. jobs report number was flat-out ugly. Anybody long the S&P 500, Dow, Nasdaq, or Russell 2000 knows that. (Click here to watch Hedgeye CEO Keith McCullough on Fox Business explaining "why the jobs market peaked last year" ahead of consensus.) There's been nowhere to hide for long-only equity investors. Outside these fifty states, stock markets from China to Germany have been falling precipitously.
Here's a look at (crashing) markets around the globe:
no "amore" here...
https://twitter.com/KeithMcCullough/status/695554357467705344
Germany is crashing too...
https://twitter.com/KeithMcCullough/status/695553555072159744
Over in Asia...
The Nikkei looks awful despite the BOJ's best efforts to huff hot air into its flagging economy.
https://twitter.com/KeithMcCullough/status/695551250285387776
Chinese parlor games continue...
Shanghai Composite Casino investors rushing for the exit...
https://twitter.com/KeithMcCullough/status/695551808362704897
Amidst the volatility and turmoil, we're finding plenty of trades for investors to take advantage of:
Oil
It's been an excellent short on short-term pops...
https://twitter.com/KeithMcCullough/status/695555113033797632
that barbarous relic...
Long Gold was a good call throughout 2016 but it looks overbought here...
https://twitter.com/KeithMcCullough/status/695555534439780352
THE LONG BOND
Perhaps our best call has been remaining bullish on the Long Bond (TLT). The 10-year Treasury yield continues to fall despite the Fed's December rate hike on our U.S. #GrowthSlowing Macro theme.
https://twitter.com/KeithMcCullough/status/695556453009068033