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




Daily Market Data Dump: Tuesday - equity markets 5 17


Daily Market Data Dump: Tuesday - sector performance 5 17


Daily Market Data Dump: Tuesday - volume 5 17


Daily Market Data Dump: Tuesday - rates and spreads 5 17

[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
  • Bearish Trend
  • Neutral

10-Year U.S. Treasury Yield
1.80 1.70 1.75
S&P 500
2,038 2,082 2,066
Russell 2000
1,098 1,126 1,116
NASDAQ Composite
4,682 4,799 4,775
Nikkei 225 Index
16,011 16,820 16,466
German DAX Composite
9,794 10,068 9,952
Volatility Index
13.55 17.43 14.68
U.S. Dollar Index
93.11 94.99 94.55
1.12 1.15 1.13
Japanese Yen
106.44 109.99 109.07
Light Crude Oil Spot Price
45.16 49.13 48.61
Natural Gas Spot Price
1.96 2.22 2.03
Gold Spot Price
1,258 1,295 1,275
Copper Spot Price
2.03 2.13 2.09
Apple Inc.
89.99 95.01 93.88
657 720 710
McDonald's Inc.
127 132 129
Utilities Select Sector SPDR
48.41 49.92 49.45
Alphabet Inc.
700 740 730
Facebook Inc.
116 121 118

INSTANT INSIGHT | Where We're Headed: U.S. Dollar, CRB Index & Gold

INSTANT INSIGHT | Where We're Headed: U.S. Dollar, CRB Index & Gold - dollar cartoon 07.02.2014 large 

Get the direction of the U.S. Dollar right, and you'll get most things in macro right. As we've noted before, the dollar has a material inverse correlation to the CRB index, gold, and the S&P 500. So, with the dollar up three of the last four weeks, that's been a major headwind for the "S&P is gonna rip to all-time highs" crew. It also helps explain why the S&P 500 has been down three straight weeks.


Where do we go from here?


Here's analysis via Hedgeye CEO Keith McCullough in a note sent to subscribers earlier this morning:


"Interestingly, but maybe not surprisingly, the US Dollar Index is starting to stabilize and signal a series of higher-lows (93.11 support) within its bullish long-term setup – consensus (CFTC futures/options) is positioned bearish USD and long Oil and Gold here."



Take a look at the chart of the CRB index. Upon closer inspection, the parallels between the commodities index and the U.S. Dollar are fairly obvious: 


"CRB Index (19 commodities) looks like the upside down of the USD on a 3yr look-back – inasmuch as USD would have to breakdown and hold below the 92-93 range, CRB would have to breakout above the 190-192 range and my math doesn’t see that happening anytime soon."



Then there's gold. We're still bullish ... but only at the right price.



More to be revealed.

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CHART OF THE DAY | Correlation Risk: U.S. Dollar, CRB Index

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.


"... Putting our immediate-term TRADE signal in the context of long-term TAIL risk:

  1. US Dollar Index would have to sustain a break-down through the 92-93 level
  2. CRB Commodities Index would have to sustain a break-out (on accelerating volume) through the 190-192 level

*As of this morning, the US Dollar Index and CRB Commodities Index are trading at 94.55 and 185, respectively."


CHART OF THE DAY | Correlation Risk: U.S. Dollar, CRB Index - 05.17.16 EL Chart

Cartoon of the Day: Cheap, Cheap, Cheap...

Cartoon of the Day: Cheap, Cheap, Cheap... - Cheap cartoon 05.16.2016


"I still say short what appears to be “cheap” and keep buying what continues to get more expensive," Hedgeye CEO Keith McCullough wrote in this morning's Early Look.

#Timestamped: Why The Worst Is Yet To Come For U.S. Growth

#Timestamped: Why The Worst Is Yet To Come For U.S. Growth - GDP cartoon 01.30.2015 large


While Wall Street still expects rainbows and puppy dogs for U.S. growth... our Macro team prefers to deal with economic reality. We have been (and remain) the Growth Bears. Further vindication of our non-consensus economic call arrived just a few short weeks ago, when 1Q16 GDP came in at 0.5%, well below the rosy picture painted by consensus, but nailed by our Macro team.


We believe the worst is yet to come. Watch below as Hedgeye CEO Keith McCullough and Senior Macro analyst Darius Dale discuss why on The Macro Show.


1. An Animated History Of U.S. #GrowthSlowing



In this animated video, Hedgeye CEO Keith McCullough walks through the recent history of the #LateCycle U.S. economy, exploring peak corporate profits in 2014 to today’s lackluster growth.


2. McCullough: Why Our GDP Forecasts Are So Accurate



In this special excerpt from The Macro Show this morning, Hedgeye CEO Keith McCullough takes subscribers “behind the curtain” on our quantitative forecasting model and how we interpret and debate evolving economic data.


3. U.S. Economy Enters Most Difficult Part of Cycle



In this brief excerpt from The Macro Show, Hedgeye Senior Macro analyst Darius Dale discusses how the U.S. economy has entered the toughest part of the cycle and why our growth estimate remains so bearish.


4. Can Fed Stop Recessionary Selloff?



In this animated excerpt from The Macro Show, Hedgeye’s Keith McCullough, Darius Dale and Neil Howe respond to a subscriber’s question about whether the Fed can continue propping up the stock market as economic conditions deteriorate and a recession knocks on the door.


By the way...


Like what you see? Click here to watch a complimentary edition of The Macro Show from today, in its entirety. This one's on the house.

the macro show

what smart investors watch to win

Hosted by Hedgeye CEO Keith McCullough at 9:00am ET, this special online broadcast offers smart investors and traders of all stripes the sharpest insights and clearest market analysis available on Wall Street.