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No Gold Medals Here: Italy Leads Europe's Equity Market Losers

Takeaway: Outside the UK's FTSE, in the past year, European equity market drawdowns range from the German DAX's -3.4% to -28.98% for Italy's FTSE MIB.

Italy is getting smoked by the UK at both the Olympics and in real stock market returns – Italy’s MIB Index leads losers again this morning -1.1%, taking its crash back down to -30.8% from the 2015 peak in the Global Equity Bubble… #EuropeImploding (economically) remains a Top 3 Macro Theme @Hedgeye.

 

Meanwhile, in Germany...

 

It's been a rough year for European equity markets.

 

No Gold Medals Here: Italy Leads Europe's Equity Market Losers - europe 8 17

 

Outside the UK's FTSE, in the past year, European equity market drawdowns range from the German DAX's -3.4% to -28.98% for Italy's FTSE MIB.

 

No Gold Medals Here: Italy Leads Europe's Equity Market Losers - europe 8 17 2

 

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


Daily Market Data Dump: Wednesday

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: Wednesday - equity markets 8 17

 

Daily Market Data Dump: Wednesday - sector performance 8 17

 

Daily Market Data Dump: Wednesday - volume 8 17

 

Daily Market Data Dump: Wednesday - rates and spreads 8 17

 

Daily Market Data Dump: Wednesday - currencies 8 17

 

Daily Market Data Dump: Wednesday - commodities 8 17


CHART OF THE DAY: Global Bond Yields Crashing ... Weird, Eh?

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 hate to remind non-Global Macro investors on this, but for posterity I will this morning:

  1. European Bond Yields have crashed alongside GDP growth expectations – and European stocks have too
  2. Japanese Bond Yields have crashed alongside GDP growth expectations – and Japanese stocks have too

Weird, eh?"

 

CHART OF THE DAY: Global Bond Yields Crashing ... Weird, Eh?  - 08.17.16 EL Chart


Hedgeye Statistics

The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.

  • LONG SIGNALS 80.64%
  • SHORT SIGNALS 78.57%
PREMIUM INSIGHT

About Everything Replay | Q&A with Neil Howe: Augmented Reality: Better Than Virtual?

About Everything Replay | Q&A with Neil Howe: Augmented Reality: Better Than Virtual? - AE thumbnail

In this complimentary edition of About Everything, Hedgeye Demography Sector Head Neil Howe discusses the media hype surrounding virtual reality versus "the next big thing [that] may already be sitting in your pocket: augmented reality." Howe breaks down the key takeaways and explains the broader implications for investors.


Cartoon of the Day: The Financial Market Olympics

Cartoon of the Day: The Financial Market Olympics - Financial olympics cartoon 08.16.2016

 

  1. Total equity market volume was down -7% versus its 1-month average yesterday
  2. Gold is up +25% year-to-date
  3. Global growth continues to slow
  4. The best efforts of central bankers have failed to stimulate global economic growth
  5. The earnings recession continues (for Q2 2016, 458/500 S&P 500 companies have reported an aggregate earnings decline of -4.1%)
  6. Oil prices continue to fall on bearish fundamentals (and pop on OPEC oil production freeze rumors)

 

Click here to receive our daily cartoon for free.


McCullough: Don’t Hyperventilate, Buy Protection

In this brief excerpt from The Macro Show, Hedgeye CEO Keith McCullough explains how to trade an environment in which volatility continues “shocking people to the upside.”


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This indispensable trading tool is based on a risk management signaling process Hedgeye CEO Keith McCullough developed during his years as a hedge fund manager and continues to refine. Nearly every trading day, you’ll receive Keith’s latest signals - buy, sell, short or cover.

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