America may have a bigger problem than a fickle Fed.
He may wear Lululemon’s clothes, but Hedgeye Retail analyst Alec Richards is recommending investors short the stock. He gives a granular look into why shares of LuluLemon (LULU) have considerable downside from here.
Takeaway: The Fed hatches (yet) another headscatcher.
This is what your portfolio will look like if the Fed hikes (again) into a slowdown.
Boston Fed head Eric Rosengren's "time to hike" comments must be part of a new Federal Reserve policy initiative to be anti-data-dependent. In the face of very obvious U.S. #GrowthSlowing data, he just ramped the Fed Funds Futures on a SEP hike from 20% to 34%.
That's why stocks and bonds are down. That's also giving you an immediate-term TRADE oversold signal in most things I like.
I'll leave you with the chart below. Wasn't this Janet Yellen's favorite indicator once upon a time?
The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.
Takeaway: Rolex is evolving. We’re not so sure it should.
Editor's Note: This is a recent research note written by our Retail team. Email firstname.lastname@example.org for more information.
We always pick up on anecdotes of private brands, as do most retail analysts. But here’s our take on an interesting one as it relates to Rolex (private) that we think serves as a good brand study.
Rolex is evolving. We’re not so sure it should.
The best play here is Tiffany – though that call goes far beyond this Brand Study (it’s only the 446th ranked keyword on Tiffany.com). Sales should still slow, as its traditional customer gradually shifts away from the brand, sales per square foot weakens, and margins compress as the inability to sell successfully online while maintaining brand cache plagues the long-term story. Numbers remain too high.
Join Demography Sector Head Neil Howe and Healthcare Sector Head Tom Tobin as they discuss the latest About Everything edition Healthcare for the Middle Class?
Editor's Note: Below is an excerpt and chart from today's Early Look written by Hedgeye U.S. Macro Analyst Christian Drake. Click here to learn more.
ACA has proven effective as a jobs and consumption stimulus program. It served to augment employment growth over the last two years and has helped support headline payroll gains in the face of ex-healthcare softening in 2016.
However, as the #ACATaper theme plays out and the benefit decays, the support to NFP will similarly diminish.