Our cartoonist Bob Rich captures the tenor on Wall Street every weekday in Hedgeye's widely-acclaimed Cartoon of the Day. Below are his five latest cartoons. We hope you enjoy his humor and wit as filtered through Hedgeye's market insights. (Click here to receive our daily cartoon for free.)
1. The Big Bang Theory (3/11/2016)
"Our #BigBangTheory remains a very relevant market risk," Hedgeye CEO Keith McCullough wrote this week. "My theory goes that central market planners (BOJ, ECB, Fed, etc.) lose the #BeliefSystem of the market place - instead of currencies going down when they attempt to ease and devalue, they go up (and stocks go down). This just happened in both Japan and Europe."
2. Off To See The Wizard (3/10/2016)
ECB head Mario Draghi pulled out all the stops today but macro markets weren't buying it. "The Central Planning Belief System is breaking down," Hedgeye CEO Keith McCullough wrote. "This is the beginning of the end."
3. Out Of Ammo (3/9/2016)
ECB head Mario Draghi will attempt to quell uneasy macro markets tomorrow. Will he pull the trigger on more easing? Will it matter?
4. Goldilocks & The Three Bears (3/8/2016)
The risks looming over macro markets are getting downright depressing.
5. JAWS (3/7/2016)
Deflation is stalking Europe.