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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


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)

 

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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.”


Capital Brief | Clinton & Trump Tangled In Controversy On The Campaign Trail

Takeaway: Trump's Taxing Issue; Clinton's FBI Interview Fallout; Tangled Ties

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 | Clinton & Trump Tangled In Controversy On The Campaign Trail - JT   Potomac under 1 mb

TRUMP’S TAXING ISSUE

Trump’s unprecedented refusal to release his tax returns could ultimately shatter the transparency of the democratic process for future generations in presidential and down-ballot races, even as his running mate, Mike Pence, is set to release his own. Demands to release his tax returns will only grow as his opponents will hammer the issue to undermine his campaign, but his obstinacy will have many more consequences in the end, as it adds more uncertainty in a time when undecided voters are finding it hard to connect with his candidacy. Though he’s claimed that he’s been advised against releasing his returns while “under audit,” it’s essential he makes some sort of concession to prove his trustworthiness to voters.  

CLINTON'S FBI INTERVIEW FALLOUT?

Despite Clinton’s massive lead in NY (as much as 30 points!) and growing lead nationally, her campaign is on edge as they brace for the impact of the Clinton-FBI interview notes (not a recorded interview or transcript, but notes) that will be delivered to the House Oversight Committee sometime this week. The matter, which has been progressing since early July, was formally requested by Committee Chair Jason Chaffetz who has acted as lead investigator for Republicans in the controversy. No expectations have been set for what's in the notes, but the Clinton campaign would rather it disappear altogether.

TANGLED TIES

The Trump campaign finds itself tangled in Eastern European politics yet again – this time with campaign chairman, Paul Manafort, being linked to a handwritten ledger showing his acceptance of $12.7 million in undisclosed cash payments. The accusations have sparked another controversy as relationships and ties to foreign entities are always hot button issues in a presidential campaign - from Trump’s statements about Vladimir Putin and the Russian hacking of Democrats’ emails to ties between the Clinton State Department and the Clinton Foundation. Whatever the case, the alleged compensation is still a mystery and its overall impact on the election - or more importantly, Trump’s poll numbers and public image - could be negative.


PREMIUM INSIGHT

Intel: This Is As Good As It Gets In The Hardware Space

Intel: This Is As Good As It Gets In The Hardware Space - HE generic title screen

Introducing Hedgeye Technology Sector head Ami Joseph. In this excerpt from a recent HedgeyeTV video presentation, Joseph lays out why Intel (INTC) is his first Hedgeye Best Idea on the long side.


Early Look

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