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Takeaway: U.S. Consumer Confidence and Jobless Claims data paint an ugly economic picture.

Stormy U.S. Economic Data - S P 500 cartoon 06.08.2016

"If you're bullish on a US economic recovery in 2H, I've got a couple of charts for you to be willfully ignorant of," writes Hedgeye Senior Macro analyst Darius Dale.

Consumer Confidence

Stormy U.S. Economic Data - consumer confidence 6 13

Jobless Claims

Stormy U.S. Economic Data - jobless claims 6 13

...Not to mention May's U.S. jobs report, which just so happened to be the worst report in almost six years.

So, what do you do with that? 

Here's Darius:

Meanwhile ... our non-consensus call on long bonds (via TLT) continues to serve Hedgeye subscribers rather well too. It's up 12% YTD vs a 2.5% return for the S&P 500.