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The Week Ahead

The Economic Data calendar for the week of the 4th of April through the 8th of April is full of critical releases and events. Here is a snapshot of some of the headline numbers that we will be focused on.

 

CLICK IMAGE TO ENLARGE.

The Week Ahead - 04.01.16 Week Ahead


Cartoon of the Day: Happy April Fools' Day

Cartoon of the Day: Happy April Fools' Day - April foo cartoon 04.01.2016

 

See today's supposedly "bullish" non-farm payroll numbers? Nothing to celebrate. "Remember, whatever the bulls want to characterize as "good" news now = #Fed rate hike," says Hedgeye CEO Keith McCullough. 

 

On a related note, we've got big news.


McCullough: Is The Fed Dumb Enough To Hike On Today’s Jobs Report?

In this brief excerpt from The Macro Show earlier today, Hedgeye CEO Keith McCullough discussed how the Fed will interpret today’s late cycle non-farm payroll numbers and its implications for investors.


Daily Trading Ranges

20 Proprietary Risk Ranges

Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.

Craziest Offer In Hedgeye History (Not an April Fool's Joke)

Takeaway: The deal expires at 4pm today. Get it before it's gone.

Click image below to take advantage of thiS offer.

 

Craziest Offer In Hedgeye History (Not an April Fool's Joke) - z april fools promo


Us Versus Them (What We Think About US GDP)

Takeaway: Our estimate for Q1 2016 GDP is 1.0% versus delusional Fed commentary and Wall Street's high forecast.

Us Versus Them (What We Think About US GDP) - 4  growth cartoon 03.02.2016

 

Yellen & Co. remain steadfast believers in an "all is well" U.S. economy as a mostly blinded Wall Street eats it up. Right? Apparently, the Fed doesn't believe its own forecasts. The Atlanta Fed's GDPNow forecast for Q1 2016 has tumbled from 2.7% in Febraury to 0.6% today (click here and here for more). Talk about a messaging mess (among other Fed messes...)

 

Meanwhile, Fed head Janet Yellen waived away recent weakness largely blaming "transitory" lower oil prices, a stronger dollar that would "gradually dissipate" and "foreign economic growth... [that was] weaker this year than previously expected." 

 

Roger that.

 

Here's where we shake out in comparison to Wall Street's stubbornly high Q1 GDP forecast and the Atlanta Fed's scattershot estimate.

 

Us Versus Them (What We Think About US GDP) - gdp estimates wall fed us

 

... And watch the video with Hedgeye CEO Keith McCullough below to learn what we REALLY think about the Fed and "data dependence."

 


[UNLOCKED] Keith's Daily Trading Ranges

We've made some new enhancements to Daily Trading Ranges - our proprietary buy and sell levels on major markets, commodities and currencies sent to subscribers weekday mornings by CEO Keith McCullough. Click here to view a brief video of McCullough explaining how to use it most effectively.

 

Subscribers now receive risk ranges for 20 tickers each day -  the last five of which are determined by what's flashing on Keith's screen and by what names subscribers are asking about. Click here to subscribe.

 

  • Bullish Trend
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  • Neutral

INDEX BUY TRADE SELL TRADE PREV. CLOSE
UST10Y
10-Year U.S. Treasury Yield
1.89 1.75 1.78
SPX
S&P 500
1,989 2,069 2,060
RUT
Russell 2000
1,069 1,124 1,114
COMPQ
NASDAQ Composite
4,732 4,892 4,870
NIKK
Nikkei 225 Index
15,852 16,853 16,759
DAX
German DAX Composite
9,713 10,062 9,947
VIX
Volatility Index
13.25 19.70 13.95
USD
U.S. Dollar Index
94.26 96.31 94.58
EURUSD
Euro
1.11 1.14 1.13
USDJPY
Japanese Yen
111.42 113.66 112.12
WTIC
Light Crude Oil Spot Price
36.64 39.92 38.11
NATGAS
Natural Gas Spot Price
1.80 2.04 1.96
GOLD
Gold Spot Price
1,206 1,261 1,234
COPPER
Copper Spot Price
2.15 2.24 2.18
AAPL
Apple Inc.
103 110 109
AMZN
Amazon.com Inc.
533 606 593
MCD
McDonald's Inc.
122 126 126
XLU
Utilities Select Sector SPDR
48.13 49.84 49.62
XLF
Financials Select Sector SPDR
22.01 22.82 22.50
FB
Facebook, Inc.
110 116 114


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