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ABOUT EVERYTHING: Live Q&A @ 2:30pm ET With Hedgeye's Neil Howe

ABOUT EVERYTHING: Live Q&A @ 2:30pm ET With Hedgeye's Neil Howe - neil howe about everything

 

What are you doing this afternoon?

 

World-renowned demographer, historian and economist Neil Howe (the guy who coined the term “millennials”) is hosting a special, interactive live Q&A at 2:30pm ET today for investors.

 

It’s free—and you’re invited. Click here for exclusive access.

 

In this sixth installment of his About Everything series, best-selling author Neil Howe will discuss the long-term secular decline of the cable industry. During these interactive broadcasts, Howe dissects the key underlying demographic trends and distills the broader implications for investors and their portfolios.

 

You’re encouraged to ask a question during the Q&A.

 

For the record … Howe has written over a dozen books on generations, demographic change, and fiscal policy. Vice President Al Gore called his first book, Generations, “the most stimulating book on American history that I have ever read,” and sent a copy to every member of Congress. Newt Gingrich called it “an intellectual tour de force.”

 

Howe is always insightful and thought-provoking…

 

click here to join us


What's Been Driving Macro Markets?

Takeaway: Bulls are begging for a dovish Fed and as the Down Dollar trade reversed yesterday Metals & Mining stocks and Russian equities took a hit.

 What's Been Driving Macro Markets? - dollar crumbled

 

What's been driving macro markets?

 

Look no further than the U.S. Dollar, Hedgeye CEO Keith McCullough writes. Bulls are begging for a dovish Fed, as the dollar's inverse correlation to the S&P 500 (-0.72, 90-day correlation). 

 

That's why it was so interesting to read the knock on effects yesterday, as the Down Dollar trade reversed even marginally. Here's analysis via McCullough in a note sent to subscribers this morning:

 

"Get the Dollar right and you’re still getting most things macro right – USD hammered #Reflation yesterday (Metals & Mining ETF -7.8% on the day!) and should signal immediate-term TRADE overbought on this bounce up at 94.65 USD Index."

 

 

On The Strong Dollar, Russia took a hit...

 

 

Meanwhile in Japan...

 

"Japan loves Up Dollar, Down Yen – Nikkei +2.2% overnight got US Equity Futures excited, but I’d fade that – Nikkei will signal overbought on the bounce around 16,667 inasmuch as Yen will signal oversold vs. USD around 110."

 

 

More to be revealed.


Daily Market Data Dump: Tuesday

Takeaway: A closer look at global macro market developments.

Editor's Note: Below are complimentary charts highlighting global equity market developments, S&P 500 sector performance, volume on U.S. stock exchanges, and rates and bond spreads. It's on the house. For more information on how Hedgeye can help you better understand the markets and economy (and stay ahead of consensus) check out our array of investing products

 

CLICK TO ENLARGE

 

Daily Market Data Dump: Tuesday - equity markets 5 10

 

Daily Market Data Dump: Tuesday - sector performance 5 10

 

Daily Market Data Dump: Tuesday - volume 5 10

 

Daily Market Data Dump: Tuesday - rates and spreads 5 10


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CHART OF THE DAY: How To Play US #GrowthSlowing

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

 

"... Back to REITS, in stark contrast to what they did vs. Utilities when #Deflation dominated in JAN-FEB 2016 (REITS got crushed), they’ve really started to rip higher post the ugly 0.5% GDP report and another rate-of-change slow-down in non-farm payroll (NFP) growth:

  1. The Vanguard REIT ETF is pulverizing the Financials (XLF -1% in May) and is now +8.5% YTD
  2. Vs. Utilities (XLU) which continues its impressive, but steady, march higher to +13.5% YTD"

 

CHART OF THE DAY: How To Play US #GrowthSlowing - 05.10.16 EL Chart


Cartoon of the Day: An (Increasingly) Red Book

Cartoon of the Day: An (Increasingly) Red Book - China cartoon 05.09.2016

 

Chinese equities were down hard overnight (Shanghai Comp down another -2.8% and -47% from 2015’s high) on terrible export (-1.8% y/y APR vs. +11.5% MAR) and import (-10.9% y/y APR vs. -7.6% MAR) data. To be clear, we’re not in the everything has “bottomed” camp.


McMonigle: New Saudi Oil Minister Doesn't Mean New Oil Policy

Takeaway: Saudi Arabia will continue its market share policy, rather than join the "freeze" oil production coalition.

Editor's Note: This is a special, abbreviated excerpt from an institutional research note written by Hedgeye Potomac Senior Energy analyst Joe McMonigle. It was written this past weekend, following news of the Saudi energy minister cabinet reshuffling. McMonigle continues to be ahead of consensus on key issues and developments impacting the price of oil.  

 

 

(On a related note, click image below to watch McMonigle discuss this topic on BNN earlier today.)

 

McMonigle: New Saudi Oil Minister Doesn't Mean New Oil Policy - mcmonigle image 5 9

 

Saudi Arabia King Salman Appoints Former Aramco CEO Al-Falih as New Energy Minister

Change in Ministers Does Not Mean Change in Oil Policy

 

Joseph McMonigle, Senior Energy Analyst

May 7, 2016

 

Saudi Arabia announced a major cabinet reform and reshuffle on Saturday that also included the appointment of former Aramco CEO Khalid Al-Falih as the new Minister of Energy and Industry replacing long-time oil minister Ali Al-Naimi.

 

Al-Falih is highly respected and well-known in the energy community. As Aramco CEO, he transformed a national oil company into a global energy company. His appointment will bring stability and credibility to the world’s second largest oil producer. When he left Aramco, he was appointed as the Saudi Minister of Health and also stayed on as chairman of the state oil company.

 

The most important take-away here is that a change in oil ministers does not equal a change in Saudi oil policy.  We fully expect the Saudi market share policy to continue at least through 2015, and therefore, we do not forecast any change in OPEC policy at the upcoming June 2 meeting in Vienna.

 

Beginning in January 2016, Al-Falih started to become more visible on Saudi oil policy having a prominent role at the World Economic Forum in Davos. His public comments have been very much in line with current Saudi oil policy.

 

 


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