This Week In Hedgeye Cartoons

Our cartoonist Bob Rich captures the tenor on Wall Street every weekday in Hedgeye's widely-acclaimed Cartoon of the Day. Below are his five latest cartoons. We hope you enjoy his humor and wit as filtered through Hedgeye's market insights. (Click here to receive our daily cartoon for free.)




1. NIRP (9/23/2016)

This Week In Hedgeye Cartoons - Kuroda negative penny 09.23.2016 

Japan is the world's monetary policy playground. 


2. Janet In Wonderland (9/22/2016)

This Week In Hedgeye Cartoons - Yellen Madhatter.09.22.2016


"Asset valuations are not outside of historical norms," Fed head Janet Yellen said at yesterday's FOMC press conference. Is Yellen living in Wonderland? 


3. Hangin' On (9/21/2016)

This Week In Hedgeye Cartoons - Yellen   bull 09.21.2016


LOL. "In general, I would not say that asset valuations are out of line with historical norms," Janet Yellen said at today's FOMC press conference.


4. Hawkish or Dovish? (9/20/2016)

This Week In Hedgeye Cartoons - Fed hawkish dovish cartoon 09.20.2016


Incessant Fed flip-flopping from hawkish to dovish (6x in 8 months!?) is simply insane.


5. The Great Debate (9/19/2016)

This Week In Hedgeye Cartoons - Deflation v reflation cartoon 09.19.2016


In today's Early Look, Hedgeye CEO Keith McCullough took the Fed to task for it's use of the word "transitory" in describing anything that doesn't fit its narrative, namely deflation. He writes, "Why are crashing inflation expectations (Oil prices for example from $105/barrel) “transitory”, but bear market bounces not equally transient?"


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Aronstein: Here’s How Every Bull Market Always Ends

Industry veteran and portfolio manager Michael Aronstein, CIO of Marketfield Asset Management, has made a career out of making the big, contrarian macro calls that no one else saw coming. In this brief excerpt from a longer “Real Conversations” interview, Aronstein sat down with private investor Buddy Carter and Hedgeye CEO Keith McCullough to discuss why the markets and economy look increasingly vulnerable.


“Bull markets don’t end because suddenly people who have made a lot of money decide you know what I’ve made too much I’ve got to sell this,” Aronstein says in the interview. “All bull markets end with a surge in supply.” Essentially, investors crowd into a popular trade that then suddenly goes bust due to some unforeseen shock.


In the brief clip below, Aronstein suggests how he thinks this bull market ends.


Want more?


To watch this edition of “Real Conversations” in its entirety check out the video below.

The Week Ahead

The Economic Data calendar for the week of the 26th of September through the 30th 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.



The Week Ahead - 09.23.16 Week Ahead

Early Look

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Relied upon by big institutional and individual investors across the world, this granular morning newsletter distills the latest and most vital market developments and insures that you are always in the know.

How Trump & Clinton Can Win Monday’s ‘Super Bowl’ Debate

In this video edition of the Capital Brief, Hedgeye Potomac Chief Political Strategist JT Taylor discuss Monday’s Presidential Debate between Donald Trump and Hillary Clinton.

Cartoon of the Day: NIRP

Cartoon of the Day: NIRP - Kuroda negative penny 09.23.2016


Japan is the world's monetary policy playground. 

3 Things Could Trigger Massive Market Volatility

In this excerpt from The Macro Show today, Hedgeye CEO Keith McCullough explains why the decline in stock market volatility this week will prove short-lived. He discusses three catalysts that could cause a massive spike in the VIX volatility index.


Subscribe to The Macro Show today for access to this and all other episodes. 


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