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[From The Vault] Cartoon of the Day: Blast Off!

[From The Vault] Cartoon of the Day: Blast Off! - Rate hike cartoon 11.30.2015 large

 

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. After Friday's Jobs Report "beat" analyst expectations, Hedgeye CEO Keith McCullough wrote, "After going from hawkish to dovish to hawkish to dovish to hawkish, this Jobs print keeps Federal Reserve hawkish." Here's another audience favorite ... Blast off!


Daily Market Data Dump: Friday

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: Friday - equity markets 8 5

 

Daily Market Data Dump: Friday - sector performance 8 5

 

Daily Market Data Dump: Friday - volume 8 5

 

Daily Market Data Dump: Friday - rates and spreads 8 5

 

Daily Market Data Dump: Friday - currencies 8 5

 

Daily Market Data Dump: Friday - commodities 8 5


CHART OF THE DAY: Pre-Jobs Report Insights

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye U.S. Macro analyst Christian Drake. Click here to learn more.

 

"... Global demand and domestic output growth are down. And employment growth in excess of output growth – which remains the case currently- is paid for via lower corporate profitability. 

 

Absent improved productivity, “strong” employment trends = further margin compression = continued profitability pressure against a backdrop of forward earnings growth estimates in the mid-teens. We continue to think those expectations need to be marked lower."

 

CHART OF THE DAY: Pre-Jobs Report Insights - Labor vs. Output CoD2


Daily Trading Ranges

20 Proprietary Risk Ranges

Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.

Central Planning 101: BoE Crushes The People's Purchasing Power

Takeaway: BoE cut rates by to 0.25%, increased its QE target to £60 billion, which included £10 billion corporate bond purchases. ↓ GBP, ↓ 10yr Gilt

Carney did his best to devalue the purchasing power of The People yesterday (a little “market security” in exchange for what was a great driver for the UK consumer economy in 2015, #StrongPound). He got the GBP/USD down to $1.31 while blasting the 10yr Gilt Yield down to 0.63% where it’s holding this morning, down -14bps month-over-month.

 

Central Planning 101: BoE Crushes The People's Purchasing Power - pound 8 5

UK 10-year Gilt Yield

Central Planning 101: BoE Crushes The People's Purchasing Power - uk gilt 8 5

 

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


[From The Vault] Cartoon of the Day: Choppy Waters

[From The Vault] Cartoon of the Day: Choppy Waters - fed 6 9 14 large

 

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. Since Yellen & Co. have totally got this (for sure), we bring you another audience favorite.

 

Click here to receive our daily cartoon for free.


A Job Cut Spike In The Oil Patch

Takeaway: While claims were fairly unexciting this past week, the Challenger Job Cuts Report showed a fresh round of layoffs in energy.

Editor's Note: Below is a brief excerpt from an institutional research note written by Financials analyst Josh Steiner and Jonathan Casteleyn earlier today. To access our institutional research email sales@hedgeye.com

A Job Cut Spike In The Oil Patch - jobs cartoon 06.03.2016

The Challenger Job Cut Report showed a 17,700 spike in cuts from the energy industry today. That's up from 2,000 in the prior reading. As the Challenger report points out, this was somewhat of a surprise, given recent projections for rising oil prices and labor shortages. 

 

Here's a closer look.

A Job Cut Spike In The Oil Patch - job cut 8 4 16


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