prev

6 of 13 Key Indicators Flashing Warning Signals

Editor’s Note: Below is a brief excerpt from an institutional research note written by Hedgeye Financials analyst Josh Steiner. To access our Financials team’s research ping sales@hedgeye.com.

 

6 of 13 Key Indicators Flashing Warning Signals - red light

 

The trend of tepid risk readings broke last week with 6 of 13 indicators flashing short-term warning signals.

 

Most notably, the TED spread, a measure of counterparty risk in the financial system, spiked by 6 bps to 57. That is the highest reading since January 2012. Separately, the Shifon Index (China's TED Spread equivalent) has been quietly, but steadily creeping higher for the past month. Meanwhile, CDS widened globally, the high yield YTM shot up by +13 bps to 6.43%, and the price of Chinese steel dropped -1.5%.

 

6 of 13 Key Indicators Flashing Warning Signals - ted spread 9 19


PREMIUM INSIGHT

Emerging Markets: 4 Countries To Buy & 3 To Sell

Emerging Markets: 4 Countries To Buy & 3 To Sell  - HETV macroshow thumb 9.19.2016

In this brief excerpt from The Macro Show earlier today, Hedgeye CEO Keith McCullough and Senior Macro analyst Darius Dale discuss the emerging market countries they like and don’t like.


Ahead Of The Fed: Why Investors Should Buy Gold

At -0.82, Gold has the highest short-term (2-week) inverse correlation to a Down Dollar Dovish Fed pivot this week (if you’re keeping score, this would be Yellen’s 6th hawkish/dovish pivot in 9 months); so I still like that long into the event.

 

Ahead Of The Fed: Why Investors Should Buy Gold - usd correlations

 

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.

 

Below is a video of McCullough on The Macro Show explaining why "Gold Is The Best Way to Protect Against Central Bank Risk."

 


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.

Daily Market Data Dump: Monday

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: Monday - equity markets

 

Daily Market Data Dump: Monday - sector performance

 

Daily Market Data Dump: Monday - volume

 

Daily Market Data Dump: Monday - rates and spreads

 

Daily Market Data Dump: Monday - currencies

 

Daily Market Data Dump: Monday - commodities


CHART OF THE DAY | Since Fed Is S&P 500 Dependent, Here's A Buying Opportunity

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.

 

"... Oh, and my precious currency, Gold got sacked for a -1.8% loss, pairing its epic lead for 2016 back to +23.1% YTD. And now that looks like a great buying opportunity if you believe the Fed is both data and SP500 dependent."

 

CHART OF THE DAY | Since Fed Is S&P 500 Dependent, Here's A Buying Opportunity - 09.19.16 EL Chart


PREMIUM INSIGHT

‘Macro Mentoring’ With Hedgeye’s Keith McCullough : Session 3

In this week’s edition of ‘Macro Mentoring’, Hedgeye CEO Keith McCullough walks viewers through how to identify a liquidity trap, opportunities in bonds, managing risk ranges and much more. 


the macro show

what smart investors watch to win

Hosted by Hedgeye CEO Keith McCullough at 9:00am ET, this special online broadcast offers smart investors and traders of all stripes the sharpest insights and clearest market analysis available on Wall Street.

next