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.)
1. Vanishing (7/22/2016)
U.S. equity markets closed in on all-time highs this week but market volume was nowhere to be found.
2. A Bear Tale (7/21/2016)
Drawdowns from respective 2015 highs:
- Germany, DAX: -13.7%
- Italy, FTSE MIB: -30.3%
- France, CAC: -16.1%
- Spain, IBEX: -25.8%
3. Groovy, Man! (7/20/2016)
What are the bulls smoking buying the all-time high in stocks?
4. Going Nowhere (7/19/2016)
Rumors about helicopter money aside, Japan's Nikkei is still down 19.8%, inclusive of last week's 10% pop.
5. Extinct? (7/18/2016)
Earnings season... hawkish or dovish?