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The Best Case For Stocks & Bonds Is A Bad Jobs Print

Takeaway: Worse jobs print = No Rate Hike = Stocks ↑ = Bonds ↑

“Markets can handle 25 bps” (heard in DEC 2015 and AUG 2016)– in other news SP500 closed down -0.12% in AUG after having 7 down days in the last 9 on rate hike fears; can markets handle another hike into a slow-down? Perversely, best case for stocks/bonds is a slightly worse jobs print (no hike)  - gotta love super #LateCycle labor data.

 

Here's a video with my take on "What Happens To Stocks If Friday’s Jobs Report Bombs?"

 

 

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: 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

 

Daily Market Data Dump: Thursday - sector performance

 

Daily Market Data Dump: Thursday - volume

 

Daily Market Data Dump: Thursday - rates and spreads

 

Daily Market Data Dump: Thursday - currencies

 

Daily Market Data Dump: Thursday - commodities


CHART OF THE DAY: Why Most Americans Are FED Up

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.

 

"... As you can see in today’s Chart of The Day, if you’re part of the 10%, you have to admit we’re killing it as at least 50-60% are getting killed by cost of living. The Top 10% of US Households (by wealth distribution) own 85% of US Financial Assets.

 

Since the next 25% own 3% and the next 50% only own 1%, who really cares about the Fed other than us?"

 

 

CHART OF THE DAY: Why Most Americans Are FED Up - 09.01.16 EL Chart


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Cartoon of the Day: Strikeout?

Cartoon of the Day: Strikeout? - Fed pitcher cartoon 08.31.2016

 

The Fed is threatening to hike rates into an economic slowdown.

 

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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


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