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)
Japan is the world's monetary policy playground.
2. Janet In Wonderland (9/22/2016)
"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)
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)
Incessant Fed flip-flopping from hawkish to dovish (6x in 8 months!?) is simply insane.
5. The Great Debate (9/19/2016)
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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