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Daily Market Data Dump: Thursday

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: Thursday - style factor 7 7

 

Daily Market Data Dump: Thursday - sector performance 7 7

 

Daily Market Data Dump: Thursday - volume 7 7

 

Daily Market Data Dump: Thursday - rates and spreads 7 7


Europe 'Regaining Ground'? Nope. #EuropeImploding Is More Like It

Takeaway: Implosion risk is rising across the pond.

We stumbled across a misleading MarketWatch headline this morning.

 

Europe 'Regaining Ground'? Nope. #EuropeImploding Is More Like It - mktwatch 7 7

 

Huh? 

 

Sure, most European stock indices are up between 0.8% and 1.6% this morning. But "regain ground"? That's a bit of a stretch. Many European equity markets are still in crash mode. Like Germany, Hedgeye CEO Keith McCullough writes in a note sent to subscribers this morning:

 

"How many bear market bounces of greater than +1% have European Equity bulls chased since the DAX topped 2015? A: too many; DAX +1.3% this am to 9493 with a risk range of 9208-9770; remains in #crash mode (-23.4% from 2015 Global Equity #Bubble high) and a great short selling opportunity at top-end of my range"

 

 

#EuropeImploding

 

That's right. Today, at 11AM ET our Macro team will be hosting our Q3 Macro Themes Call. #EuropeImploding is one of our top three themes. Here's additional analysis from McCullough: 

 

"Moving away from staring at yesterday’s news, I’ll spend time on our Themes call discussing the rising risk of #EuropeImploding from within; with all eyes on British Pound Devaluation, there’s a much bigger picture to discuss linking European #GrowthSlowing (from the 2015 cycle high) to political zeitgeist via this young currency experiment."

 

More to be revealed. 

 

(Email sales@hedgeye.com for access to our institutional Q3 Macro Themes Call.)


Déjà Vu: Stocks Higher On Bone-Dry Volume

Takeaway: Volume dries up on up days. Down days? An entirely different story.

A lack of conviction in stock "up" days? Yes.

 

Total U.S. market volume was bone dry yesterday. More specifically, it was down -12% versus the 1-month average and down -13% versus 3-month average. Contrast this with the post-Brexit selloff two weeks ago when total equity market volume ripped. It was up 65% versus the one month average.

 

Déjà Vu: Stocks Higher On Bone-Dry Volume - volume 7 7

 

Déjà Vu: Stocks Higher On Bone-Dry Volume - volume 6 27

 

Not a good sign for stock bulls.

Déjà Vu: Stocks Higher On Bone-Dry Volume - Volume cartoon 08.12.2014


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.

CHART OF THE DAY | #ProfitCycle: Consensus Estimates Vs. Reality

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.

CHART OF THE DAY | #ProfitCycle: Consensus Estimates Vs. Reality - top three

 

CHART OF THE DAY | #ProfitCycle: Consensus Estimates Vs. Reality - 07.07.16 EL chart


Cartoon of the Day: Wise Guys, Eh?

Cartoon of the Day: Wise Guys, Eh? - Three central bankers cartoon 07.06.2016

 

How long can these central planners keep this charlatan charade going?


35 Years Later ... From Simon & Garfunkel to Bieber Fever and All-Time Lows For Treasury Yields

Takeaway: What a long, strange trip it's been.

September 30, 1981...

 

Treasury yields peaked at 15.84% ... Ronald Reagan was in the early innings of his 1st term ... Simon & Garfunkel performed in Central Park for 500,000 people ... Home Depot had its IPO eight days earlier ... and the U.S. debt ceiling was raised to one trillion dollars for the first time.

 

35 years later ... we're saddled with over $19,000,000,000,000 in debt, Hillary Clinton vs Donald Trump, NIRP, Kim Kardashian and Justin Bieber.

 

35 Years Later ... From Simon & Garfunkel to Bieber Fever and All-Time Lows For Treasury Yields - ust 7 6


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.

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