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. Truth-Challenged China (5/6/2016)
China's Shanghai Composite Casino was down -2.8% today and is off -44% since the July crash.
2. Stuck (5/5/2016)
What more can the Fed do? A preponderance of economic data is rolling over despite the central planner's best efforts.
3. Red, White & Blew It (5/4/2016)
“A rate hike could be appropriate, if the data is as expected," San Francisco Fed Head John Williams remarked yesterday. As Hedgeye CEO Keith McCullough wrote in today's Early Look, "Given that a recently reported GDP of 0.5% isn’t in the area code of “as expected”, I don’t think Williams has a lot of credibility as a Wall Street forecaster."
4. Slow Grrrrowth! (5/3/2016)
#GrowthSlowing globally (i.e. economic gravity) can’t be fixed by a central market planning #BeliefSystem this time.
5. Tough Times In Tokyo (5/2/2016)
Japan's Nikkei is down -23% from its high in July 2015.