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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, 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




Daily Market Data Dump: Thursday - equity markets 8 4


Daily Market Data Dump: Thursday - sector performance 8 4


Daily Market Data Dump: Thursday - volume 8 4


Daily Market Data Dump: Thursday - rates and spreads 8 4


Daily Market Data Dump: Thursday - currencies 8 4


Daily Market Data Dump: Thursday - commodities 8 4

CHART OF THE DAY: Understanding #TheCycle & #GrowthSlowing

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.


"... I’ll stop there. You get the point. Again, all I’m doing, every day, is measuring and mapping the immediate-term moves relative not only to themselves, but in the context of the entire macro market message… and then contextualizing it across durations.


This is Global Macro. There’s a lot of clutter. And lord knows there are a lot of politicized, ideological, and linear opinions that clutter the clutter. But, if we can have the patience to wait and watch, we’ll eventually find simple opportunities."


CHART OF THE DAY: Understanding #TheCycle & #GrowthSlowing - 08.04.16 chart

[From The Vault] Cartoon of the Day: Bull Bomb

[From The Vault] Cartoon of the Day: Bull Bomb - Bull bomb cartoon 09.01.2015


Our inimitable, in-house cartoonist Bob Rich is on a much-deserved summer vacation. While he kicks back and relaxes, we're going into the Hedgeye Vault and highlighting some of his best work. As U.S. equity indices hang out near all-time highs, we bring you another audience favorite.


Click here to receive our daily cartoon for free.

Attention Students...

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A Disconcerting Trend In Auto Loans… Watch Out General Motors & Ford!

Takeaway: Auto loans tightened in 3Q16 for the first since the survey broke out the category in 2Q11.

Editor’s Note: Looking to better understand why General Motors (GM) and Ford (F) auto sales came in light this week? Below is a brief excerpt from an institutional research note written by Hedgeye Financials Analyst Josh Steiner and U.S. Macro analyst Christian Drake. To access our institutional research email sales@hedgeye.com.


A Disconcerting Trend In Auto Loans… Watch Out General Motors & Ford! - ford


"Auto Loans:  With concerns rising over auto loans, especially in the subprime space, banks have begun to tighten standards for the first time since the Senior Loan Officer Survey introduced this category.  Although the introduction of the auto loan category post-dates the GFC, the implications of consumer credit tightening are fairly straightforward vis-à-vis the capacity for Main Street credit and consumption. On net, 8.1% of banks reported tightening standards for Auto loans."


A Disconcerting Trend In Auto Loans… Watch Out General Motors & Ford! - auto loans

The Hedge Fund Draft: Would You Select Stan Druckenmiller Or Janet Yellen?

In this excerpt from The Macro Show, Hedgeye's Keith McCullough and Darius Dale discuss a hypothetical "Hedge Fund Draft", who they would (and wouldn't) pick, and why.


Subscribe to The Macro Show today for access to this and all other episodes. 


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Capital Brief: Trump Turmoil... Is Time Running Out For The GOP?

Takeaway: Trump Trumoil; Continuing The Kahn Controversy; Time Running Out For Trump;

Editor's Note: Below is a brief excerpt from Hedgeye Potomac Chief Political Strategist JT Taylor's Capital Brief sent to institutional clients each morning. For more information on how you can access our institutional research please email sales@hedgeye.com.


Capital Brief: Trump Turmoil... Is Time Running Out For The GOP? - JT   Potomac under 1 mb


“Words without actions are the assassins of idealism.”

-Herbert Hoover


Donald Trump is losing support within Republican party - and his campaign - at a time when unity and consolidation should be a foregone conclusion. His refusal to back Speaker Paul Ryan and Senator John McCain is the latest salvo with no end in sight. Republicans are refusing to campaign with Trump and are denouncing him or even withdrawing their endorsements – with NY Congressman Richard Hanna being the first to announce that he’s throwing his weight behind Hillary Clinton.


To make matters worse, turmoil is the norm at Trump Towers these days with fresh news that senior campaign officials are either being fired or are beyond frustration with their candidate. Not a good time to reshuffle the decks with 96 days to go.


We’re now entering day five of the Khan saga after Trump (and his son) let fly a series of comments about the Gold Star family of a fallen U.S. soldier whose father spoke out against him at the DNC. The rift is starting to take a toll on the Republican party just as they were feeling better about their chances to keep the Senate this fall. The sooner Trump moves off this issue (neither the Khan family nor the media should sit by the phone waiting for an apology), the sooner he and the party can address the elephant in the room - Republican unity.


Letting Trump be Trump worked for the Trump campaign in the Republican primaries and it even helped him make it through the convention with a decent bounce. Through each and every controversy his supporters have stood by him with abandon - but in reality, he will not win over Independents and undecideds growing his base and appealing to those outside the party without making some character changes. If he wants to win the general election, picking up these two voter groups has to be the top - if not only - priority. There’s no time left for Trump’s tirades and twitter tantrums.

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.