Our cartoonist Bob Rich captures the tenor on Wall Street every weekday in Hedgeye's widely-acclaimed Cartoon of the Day. Below are his five latest cartoons. We hope you enjoy his humor and wit as filtered through Hedgeye's market insights. (Click here to receive our daily cartoon for free.)
1. Insulted (8/26/2016)
Enough with all the talk of Jackson Hole already.
2. Fed-Induced Hyperventilation (8/25/2016)
The epidemic that's sweeping over Wall Street has been officially dubbed by physicians, "Fed-Induced Hyperventilation."
3. Freezing? (8/24/2016)
Oil prices popped yesterday on rumors that Iran might support an OPEC oil production freeze. "In our view it is still too soon for any change in OPEC production policy," Hedgeye Potomac Senior Energy analyst Joe McMonigle wrote yesterday. Shortly thereafter, a spokesman for the Iranian Oil ministry said the country hadn't even decided whether to attend OPEC talks next month. Oil prices quickly faded and are down almost -3% today.
4. "Rarified" (8/23/2016)
Total equity market volume continues to tumble on up days and rip on down days.
5. The Fed Game (8/22/2016)
Year-to-date Fed policy:
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