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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, rates and bond spreads, key currency crosses, and commodities. 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

 

CLICK TO ENLARGE

 

Daily Market Data Dump: Monday - equity markets 8 1

 

Daily Market Data Dump: Monday - sector performance 8 1

 

Daily Market Data Dump: Monday - volume 8 1

 

Daily Market Data Dump: Monday - rates and spreads 8 1

 

Daily Market Data Dump: Monday - currencies 8 1

 

Daily Market Data Dump: Monday - commodities 8 1


EVENT | Flowers Foods (FLO) Black Book

Tuesday, August 9th at 11:00AM ET

Watch a replay below. 

CLICK HERE to access an audio-only replay.

 

 

 


Still Crashing... Rolling The Dice In China's Shanghai Comp Casino

Takeaway: China's Shanghai Comp is down another -0.9% overnight after dropping -1.1% last week, taking its crash to -43% from its 2015 high.

I'm having a hard time seeing a “bottom” in any non-made-up time series. After falling another -1.1% last week, Shanghai Comp loses another -0.9% overnight (taking its crash to -43% since June 2015) as the Yuan continues to hit new lows.

 

 

Still Crashing... Rolling The Dice In China's Shanghai Comp Casino - China crash cartoon 08.25.2015 

 

Editor's Note: The snippet above is from a note Hedgeye CEO Keith McCullough wrote for subscribers this morning. Click here to learn more.


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Big July for High Beta, Tech, etc.; bad July for “Reflation”, Oil...

Client Talking Points

China

Having a hard time seeing a “bottom” in any non-made-up time series; after falling another -1.1% last wk, Shanghai Comp loses another -0.9% overnight (taking its crash to -43% since JUN 2015) as the Yuan continues to hit new lows.

Oil

So if China hasn’t bottomed, Oil must be still bottoming, right? Not this morning – down another -1% to $41.20 WTI after a -16% JUL; everything is cool when levering up to pay dividends, until it isn’t … Oil remains bearish TREND @Hedgeye.

UST 10YR

Did what it should have done on the GDP miss (Consumption hit the number our tracker was anchoring on, but they told the #truth on the Deflator! and that subtracted 170bps); assuming 1-1.5% GDP was always the bull case for stocks and bonds (not really, but narratives come and go), consensus is now long both (see CFTC futz/options positioning report).

Asset Allocation

CASH US EQUITIES INTL EQUITIES COMMODITIES FIXED INCOME INTL CURRENCIES
7/31/16 66% 4% 6% 6% 6% 12%
8/1/16 62% 3% 5% 6% 12% 12%

Asset Allocation as a % of Max Preferred Exposure

CASH US EQUITIES INTL EQUITIES COMMODITIES FIXED INCOME INTL CURRENCIES
7/31/16 66% 12% 18% 18% 18% 36%
8/1/16 62% 9% 15% 18% 36% 36%
The maximum preferred exposure for cash is 100%. The maximum preferred exposure for each of the other assets classes is 33%.

Top Long Ideas

Company Ticker Sector Duration
GLD

To summarize our active ideas, long Gold (GLD) and long U.S. Dollar position (via PowerShares DB US Dollar Index Bullish Fund (UUP), netted out Friday, with gold catching a bid against a USD that got crushed on the report. (Part of the reason we added UUP to Investing Ideas was the expectation of a GDP print that may have sent a hawkish message to the market.) Think of Gold and the USD as a position against a basket of other currencies.

TLT

The good news for #GrowthSlowing bulls is that the Treasury rate curve will likely get pushed lower over the coming days as investors take stock of this week’s ugly data. That's good for Treasury Inflation-Protected Securities (TIP) and Long Bonds (TLT).

UUP

See update on GLD.

Three for the Road

TWEET OF THE DAY

VIDEO: This Overlooked US Housing Investigation Has Huge Investing Implications app.hedgeye.com/insights/52742

@KeithMcCullough

QUOTE OF THE DAY

”Me shooting 40% at the foul line is just God's way to say nobody's perfect”

-Shaquille O'Neal

STAT OF THE DAY

Brian McCann has 1359 career hits.


August 1, 2016

Want more from Daily Trading Ranges? CLICK HERE to submit up to 4 tickers you'd like to see on the list. 

 

  • Bullish Trend
  • Bearish Trend
  • Neutral

INDEX BUY TRADE SELL TRADE PREV. CLOSE
UST10Y
10-Year U.S. Treasury Yield
1.55 1.45 1.46
SPX
S&P 500
2,160 2,179 2,173
RUT
Russell 2000
1,197 1,226 1,219
COMPQ
NASDAQ Composite
5,021 5,180 5,162
NIKK
Nikkei 225 Index
16,275 16,869 16,569
DAX
German DAX Composite
9,963 10,418 10,337
VIX
Volatility Index
11.42 15.40 11.87
USD
U.S. Dollar Index
95.25 96.99 95.49
EURUSD
Euro
1.09 1.12 1.10
USDJPY
Japanese Yen
101.16 104.85 102.10
WTIC
Light Crude Oil Spot Price
40.13 43.53 41.60
NATGAS
Natural Gas Spot Price
2.56 2.91 2.88
GOLD
Gold Spot Price
1,320 1,358 1,357
COPPER
Copper Spot Price
2.16 2.28 2.22
AAPL
Apple Inc.
98.89 105.62 104.21
AMZN
Amazon.com Inc.
730 762 758
NFLX
Netflix Inc.
83.55 92.93 91.25
JPM
J.P. Morgan Chase & Co.
62.17 64.44 63.97
FB
Facebook Inc.
119.24 126.02 123.94
F
Ford Motor Company
12.10 13.21 12.66


Hedgeye's Daily Trading Ranges are twenty immediate-term (TRADE) buy and sell levels, along with our intermediate-term (TREND) view.  Click HERE for a video from Hedgeye CEO Keith McCullough on how to use these risk ranges.


CHART OF THE DAY: Celebrate 1% GDP While It Lasts

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.

 

"... That’s right. Don’t be afraid of a 1.2% US GDP number ahead of the toughest 2-year comparison of #TheCycle for Real PCE Growth (Q3). Celebrate it, while it lasts! Consensus is now very long of both stocks and bonds on a clean cut #GrowthSlowing GDP TREND."

 

CHART OF THE DAY: Celebrate 1% GDP While It Lasts - 08.01.16 EL Chart


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