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. Nikkei Kneecapped (4/8/2016)
Despite last night's modest gains for Japanese stocks, the Nikkei is still down -25% from it's summer highs.
2. A Crude Joke (4/7/2016)
No follow through on yesterday's 5.1% pop in oil prices. WTI back down today.
3. Listen Up! (4/6/2016)
All eyes on the Fed today, ahead of the release of the FOMC minutes.
4. US Growth Stinks (4/5/2016)
"Unlike many strategists (who missed calling the cycle top in US Consumption, Employment, and Profits last year), we have stayed with The Cycle call we’ve had all along here in Q2," Hedgeye CEO Keith McCullough wrote today.
5. Crash Test Investors (4/4/2016)
Japan's Nikkei is down -23% from its 2015 high. Meanwhile, in European equities, drawdowns from last year's peak range from -13% to -28%.