Below are five charts and brief analysis from Hedgeye Financials analyst Jonathan Casteleyn. Spoiler Alert ... all is not well in credit markets, equities and the U.S. economy.
You can follow him on Twitter @hedgeyeJC.
Click on Each chart to enlarge
Global growth is on fire for sure!
S&P 500 earnings to be up +11% for 2018? Giddy up (not)!
Upgrade to Downgrade ratios in corporate credit has ALWAYS lead equity prices and the ratio is declining again
The current short squeeze in EM stocks is right within the +20% gain which has happened 8 times since '11
U.S. distressed rates lead defaults and the distressed category is again breaking out for a new bankruptcy cycle