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Daily Market Data Dump: Monday

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

 

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Daily Market Data Dump: Monday - equity markets 6 13

 

Daily Market Data Dump: Monday - sector performance 6 13

 

Daily Market Data Dump: Monday - volume 6 13

 

Daily Market Data Dump: Monday - rates and spreads 6 13

 

Daily Market Data Dump: Monday - currencies 6 13


CHART OF THE DAY: What's Winning (& Losing) As U.S. Growth Slows

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.

 

"... If you’re long things that are crushing it when growth slows (and bond yields fall), congrats:

 

  1. Utilities (XLU) added another +1.0% absolute return last week taking them to +16.8% YTD
  2. Gold rose another +2.8% last week to +20.2% YTD

 

On the other side of that, classic #LateCycle consumption Sector Styles in the USA lagged:

 

  1. Financials (XLF) lost another -1.5% on the week to -2.8% YTD
  2. Consumer Discretionary (XLY) fell back into the red last week, closing -0.8% to -0.8% YTD"

 

CHART OF THE DAY: What's Winning (& Losing) As U.S. Growth Slows - 06.13.16 Chart


REPLAY! This Week On HedgeyeTV

Our deep bench of analysts take to HedgeyeTV every weekday to update subscribers on Hedgeye's high conviction stock ideas and evolving macro trends. Whether it's on The Macro ShowReal-Time Alerts Live or other exclusive live events, HedgeyeTV is always chock full of insight.

 

Below is a taste of the most recent week in HedgeyeTV. (Like what you see? Click here to subscribe for free to our YouTube channel.)

 

Enjoy!   

 

1. Airbnb Is an Existential Threat to the Hotel Industry (6/11/2016)

 

 

In this brief excerpt from The Macro Show, our Gaming, Lodging & Leisure Sector Head Todd Jordan explains why Airbnb is a significant threat to the hotel industry.

 

2. This Is One of the Top-3 Stock Market Bubbles in History (6/10/2016)

 

 

In this excerpt from The Macro Show this morning, Hedgeye CEO Keith McCullough and Demographics Sector Head Neil Howe discuss why “the stock market is one gigantic emotional rollercoaster” perched perilously at its peak. 

 

3. The Bullish Case for Life Insurance | Q&A with Neil Howe (6/9/2016)

 

 

Hedgeye Managing Director Neil Howe held a live Q&A on Thursday June 9 in which he discussed why life insurance company shares have been beaten down since the Great Recession, and makes the case for their comeback.

 

Click here to read Howe’s associated About Everything piece.

 

Click here to access the associated slides.

 

4. Benn Steil: Donald Trump Is a Clear and Present Market Danger (6/8/2016)

 

 

Would a Trump presidency be bad news for the global economy and markets? Benn Steil, director of international economics at the Council on Foreign Relations and author of "The Battle of Bretton Woods" thinks so. He discusses the disconcerting and adverse consequences a Trump presidency may have with Hedgeye CEO Keith McCullough.

 

5. Drake: Contextualizing the Biggest Deceleration in Credit Growth Since 2010 (6/7/2016)

 

 

In this brief discussion, Hedgeye U.S. Macro analyst Christian Drake analyzes the trend in consumer credit growth, which has been supporting consumption in the face of slowing income growth.

 

6. Yikes: Yellen’s Favorite Market Indicator Hits 7-Year Low (6/6/2016)

 

 

Hedgeye U.S. macro analyst Christian Drake takes a look at the “Labor Market Conditions Index” which just posted its 5th consecutive month of negative reading (worse since 2009) and what it portends for Fed policy.

 

7. McCullough: The Most Asymmetric US Corporate Profit Risk (Ever) (6/6/2016)

 

 

In this brief excerpt from The Macro Show this morning, Hedgeye CEO Keith McCullough reviews the “Fantasy Island” earnings risk blinding many investors and why second and third quarter earnings for most sectors will be “awful.”


Early Look

daily macro intelligence

Relied upon by big institutional and individual investors across the world, this granular morning newsletter distills the latest and most vital market developments and insures that you are always in the know.

Airbnb Is an Existential Threat to the Hotel Industry

 

In this brief excerpt from The Macro Show, our Gaming, Lodging & Leisure Sector Head Todd Jordan explains why Airbnb is a significant threat to the hotel industry and its potential for a big IPO.


The Week Ahead

The Economic Data calendar for the week of the 13th of June through the 17th of June is full of critical releases and events. Here is a snapshot of some of the headline numbers that we will be focused on.

 

CLICK IMAGE TO ENLARGE.

The Week Ahead - 06.10.16 Week Ahead


This Week In Hedgeye Cartoons

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.)

 

Enjoy!

 

1. LOST (6/10/2016)

This Week In Hedgeye Cartoons - Fed cartoon 06.10.2016

 

What can we expect from the FOMC next week?

 

"Remember that projecting an air of confidence and maintaining maximum policy optionality requires carefully treading the hawkishly dovish messaging line … or maybe it’s the dovishly hawkish line," Hedgeye U.S. Macro analyst Christian Drake wrote in today's Early Look.

 

In other words, if you're hoping for clarity, don't hold your breath. There's more nonsensical Fed-speak to come.

 

2. Drinking The Kool-Aid? (6/9/2016)

This Week In Hedgeye Cartoons - central bank kool aid 06.09.2016

 

Did you drink the central planning Kool-Aid?

 

3. Squirrelly (6/8/2016)

This Week In Hedgeye Cartoons - S P 500 cartoon 06.08.2016

 

This one speaks for itself.

 

4. Sobriety Checkpoint Ahead (6/7/2016)

This Week In Hedgeye Cartoons - Yellen cart 06.07.2016

 

FYI: The Yellen Fed isn't "data dependent." It's S&P 500 dependent.

 

5. Yellen & Screamin' (6/6/2016)

This Week In Hedgeye Cartoons - Hawk dove cartoon 06.06.2016

 

The mercurial Fed has pivoted from Hawkish (in December) to Dovish (March/April) to Hawkish (May). With today's speech, market consensus now perceives Yellen & Co. as flipping back to Dovish here in June. Clearly, the Fed is perpetuating a massive amount of volatility in macro markets.


Daily Trading Ranges

20 Proprietary Risk Ranges

Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.

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