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Our Message On Friday’s Jobs Report: Get Out Your Crystal Ball!

In this brief excerpt from The Macro Show earlier today, Hedgeye CEO Keith McCullough explains why the upcoming jobs report is a “binary event” with important ramifications.


An Update On The #BeliefSystem Breakdown: The Missing $7 Trillion

The breakdown in the central planning #BeliefSystem is worth studying. It's partly why, from June 2015 to today, $7 trillion has evaporated into thin air. That's the dollar amount that's been lost in total world equity market cap.

 

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Despite the best efforts of central planners, economies in Europe, Japan and China remain mired in sub-par growth. After 673 central bank rate cuts globally, the global equity markets reflect this weakness. 

1. China's Shanghai Comp...

An Update On The #BeliefSystem Breakdown: The Missing $7 Trillion - shanghai comp 8 31

2. Japan's Nikkei...

An Update On The #BeliefSystem Breakdown: The Missing $7 Trillion - nikkei 8 31

3. Europe's EuroStoxx...

An Update On The #BeliefSystem Breakdown: The Missing $7 Trillion - eurostoxx 8 31


Howard Penney's Chipotle Call Making News | CMG

Takeaway: Chipotle needs to make "significant changes" before we "become more positive on the name," Penney writes.

Hedgeye Restaurants analyst Howard Penney's call on Chipotle was picked up by Bloomberg today. Penney thinks the stock has 50% downside from here. 

 

Howard Penney's Chipotle Call Making News | CMG - chipotle bbg

 

Click here to learn more about Restaurants analyst Howard Penney's upcoming Best Idea (short) call on Chipotle. 

 

**Send an email to sales@hedgeye.com for access or additional information about our institutional research.


Attention Students...

Get The Macro Show and the Early Look now for only $29.95/month – a savings of 57% – with the Hedgeye Student Discount! In addition to those daily macro insights, you'll receive exclusive content tailor-made to augment what you learn in the classroom. Must be a current college or university student to qualify.

Chipotle: Best Idea Short Call (Why CMG Has 50% Downside)

Takeaway: Our Restaurants analysts are hosting a Best Idea (short) call on Chipotle on 9/6.

Chipotle: Best Idea Short Call (Why CMG Has 50% Downside) - chipotle 8 31

 

CHIPOTLE MEXICAN GRILL: BEST IDEA SHORT

Conference Call

9/6/2016 at 11:00AM

 

Join the Hedgeye Restaurants Team, led by Sector Head Howard Penney, for an in-depth presentation and refresh to the SHORT case for CMG in which they see 50% of additional downside.

 

CMG is on their Best Ideas List as a short.

KEY TOPICS OF DISCUSSION

  • Management does not appear to have a cohesive strategy to guide this ship
  • Recovery is slow and the business model is impaired
  • Aggressive unit growth is a leading indicator of future value destruction
  • CMG consumer survey update
  • The new normal P&L is vastly different from the past
  • Margin analysis: What the upside is and how do they get there?
  • Sentiment/Valuation

Q&A

 

CALL DETAILS:

 

Attendance on this call is limited.

 

Please note if you are not a current subscriber to our Restaurants research there will be a fee associated with this research call and related material. Ping sales@hedgeye.com for more information.

ABOUT HEDGEYE

Hedgeye Risk Management is a leading independent provider of real-time investment research. Focused exclusively on generating and delivering investment ideas, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. 

 

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, uncompromised real-time investment research as a service.


PREMIUM INSIGHT

[UNLOCKED] Fund Flow Survey | Defense Wins Championships

[UNLOCKED] Fund Flow Survey | Defense Wins Championships - dollar

This is a complimentary research note originally published August 25, 2016 by our Financials team. If you would like more info on how you can access our institutional research please email sales@hedgeye.com.


What's Happened To Bernanke's Commodity Bubble? DEFLATION...

Takeaway: A Fed rate hike could precipitate the next leg down in deflation's dominos.

A long-term bear market in one of Bernanke’s Down Dollar asset bubbles remains firmly intact. After failing the “breakout” for the technicians > 200 in June, the CRB Index is down -7% from that lowerlong-term high; it’s going to get decimated by Deflation’s Dominoes if the Fed tightens.

 

 

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. 


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 80.28%
  • SHORT SIGNALS 78.51%
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