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. Permabull Storytelling (3/24/2016)
Reality check: The S&P 500 is back to flat for the year after its worst start ever. Meanwhile, the Russell 2000 is down -5% year-to-date.
2. The Fourth Turning (3/23/2016)
Demographic trends are radically reshaping the U.S. economy.
3. American Gothic II (3/22/2016)
As Hedgeye CEO Keith McCullough has repeatedly reiterated, what the Fed's quantitative easing actually did was "pay the few and crushed the many."
4. Nuclear Decay (3/21/2016)
Shares of embattled Valeant Pharmaceuticals (VRX) are down 89% since July much to the chagrin of (radio)activist investor Bill Ackman, whose firm Pershing Square Capital owns a 9% stake.