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Don't Let Them Crush You Again

Takeaway: It's a global gong show out there. Keep your head up.

Did you see?

 

...what stocks, bonds, and commodities did on one Fed voter (Boston's Eric Rosengren) ramping his rate hike rhetoric on Friday?

 

 How about eviscerating all the no-volume “gains” of the SPY’s summer on a +46.5% volatility (VIX) spike?

 

Don't Let Them Crush You Again - z vix

 

As I've said many times before, "risk happens slowly at first, then all at once."

 

SPX broke my immediate-term TRADE momentum line of 2171 support and didn’t look back with volatility (front month VIX) ramping. My risk range is now 2115-2170, so I’ll register this as a buy/cover day. The constitution of the bounce will be critical to analyze. (Get my Daily Trading Ranges here.)

 

Remember... Every seven years or so, most investors get royally crushed by these centrally-planned bubbles, by Old Wall Street and its head-in-the-sand research analysts, and by the woefully blind financial media supporting it.

 

Don't let them crush you again. Don't be a sheep.

 

Don't Let Them Crush You Again - z cons


CHART OF THE DAY: Janet Yellen's Favorite Indicator (Is Red)

Editor's Note: Below is an excerpt and chart from today's Early Look written by Hedgeye CEO Keith McCullough. Click here to learn more.

 

Doesn’t this set up nicely for another positive “surprise” by Janet to pivot back to dovish, right before the election? As you can see in the Chart of The Day (her former “favorite” indicator – the Change In Labor Market Conditions Index), it’s very red.

 

And, again, on Friday so was what’s become her new fav indicator – the stock market. Very very, you-gely, red.

 

CHART OF THE DAY: Janet Yellen's Favorite Indicator (Is Red) - el 09.12.16 EL Chart


PREMIUM INSIGHT

REPLAY Special Free Edition of The Macro Show: Beware the Bubble

REPLAY Special Free Edition of The Macro Show: Beware the Bubble - z xq

Did you miss it? Hedgeye CEO Keith McCullough went live (for free) this morning on The Macro Show. It was a no-punches pulled look into why “this is one of the top-3 stock market bubbles in history.” He opened up the discussion during interactive Q&A with viewers.


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real edge in real-time

This indispensable trading tool is based on a risk management signaling process Hedgeye CEO Keith McCullough developed during his years as a hedge fund manager and continues to refine. Nearly every trading day, you’ll receive Keith’s latest signals - buy, sell, short or cover.

‘Macro Mentoring’ With Hedgeye’s Keith McCullough : Session 2

In this special HedgeyeTV video, Hedgeye CEO Keith McCullough goes to the board and sheds light on critical subscriber questions including where we are in the current economic cycle, how this is affecting consumers, implications of what the Fed is doing on the interest rate front, and why the “rate of change” is so important when analyzing macro data sets.

 


The Week Ahead

The Economic Data calendar for the week of the 12th of September through the 16th of September is full of critical releases and events. Here is a snapshot of some of the headline numbers that we will be focused on.

 

CLICK IMAGE TO ENLARGE

The Week Ahead  - Week Ahead


Cartoon of the Day: Demographics

Cartoon of the Day: Demographics - storkish cartoon 09.09.2016

 

America may have a bigger problem than a fickle Fed.


Daily Trading Ranges

20 Proprietary Risk Ranges

Daily Trading Ranges is designed to help you understand where you’re buying and selling within the risk range and help you make better sales at the top end of the range and purchases at the low end.

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