prev

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

 

CLICK TO ENLARGE

 

Daily Market Data Dump: Thursday - equity markets 8 18

 

Daily Market Data Dump: Thursday - sector performance 8 18

 

Daily Market Data Dump: Thursday - volume 8 18

 

Daily Market Data Dump: Thursday - rates and spreads 8 18

 

Daily Market Data Dump: Thursday - currencies 8 18

 

Daily Market Data Dump: Thursday - commodities 8 18


CHART OF THE DAY: A Deep Dive Into Emerging Markets

Editor's Note: Below is a brief excerpt and chart from today's Early Look written by Hedgeye Senior Macro analyst Darius Dale. Click here to learn more.

 

"For brevity’s sake, however, we’ll focus on one quick and dirty way to accomplish this, which is by regressing dollar-denominated equity market returns off of their respective YTD lows vs. the delta in composite PMI readings off of their respective YTD lows.

 

Does the market improvement match the economic improvement? If not, what is the probability the latter catches up to the former?

 

Regressing the aforementioned factors across the 16 emerging market economies we could find with available data yielded a positive correlation of +0.87. Even excluding outliers Brazil and Russia yielded a positively-sloping regression line with a correlation of +0.35 (see: Chart of the Day below for visualization)."

 

CHART OF THE DAY: A Deep Dive Into Emerging Markets - 8 18 16 Chart of the Day


Cartoon of the Day: Yield

Cartoon of the Day: Yield - Euro Zone cartoon 08.17.2016

 

In the past year, other than the U.K.'s FTSE, European equity market drawdowns range from the German DAX's -3% to -29% for Italy's FTSE MIB.


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 80.32%
  • SHORT SIGNALS 78.49%
PREMIUM INSIGHT

Allscripts: Short More | $MDRX

Allscripts: Short More | $MDRX - mdrx

This is an institutional research note on Allscripts (MDRX) written by Hedgeye Healthcare analysts Tom Tobin and Andrew Freedman on August 5th. Shares of MDRX are down -14.5% since our Healthcare team wrote "Short More." But this short still has juice left. Continue reading to understand why Tobin and Freedman see an additional -35% downside from here. 


PREMIUM INSIGHT

[UNLOCKED] Fund Flow Survey | The Hits Keep Coming

[UNLOCKED] Fund Flow Survey | The Hits Keep Coming - dollar

This is a complimentary research note originally published August 11, 2016 by our Financials team. If you would like more info on how you can access our institutional research please email sales@hedgeye.com.


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.


GET THE HEDGEYE MARKET BRIEF FREE

Enter your email address to receive our newsletter of 5 trending market topics. VIEW SAMPLE

By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails.

next