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.)
Enjoy!
1. Yellen's Bottom (10/21/2016)
The Industrial economy has not bottomed. Growth was reported negative for the 13th consecutive month at -1.03% year-over-year earlier this week. That makes it the longest non-recessionary losing streak ever.
2. Beached Whale (10/20/2016)
There she blows! U.S. #GrowthSlowing is getting harder and harder to ignore.
3. Make Believe (10/19/2016)
China made up yet another GDP report today. The reported 6.7% for the third quarter came in exactly in the middle of the Chinese politburo's 6.5% to 7% target range. Voila!
4. No Worries? (10/18/2016)
Stocks are up so no worries, right?
- 46 million Americans on Food Stamps
- College tuition costs rocketing higher
- Over 94 million Americans outside the Labor Force; and
- U.S. National Debt approaching $20 Trillion…
5. (Not So) Smooth Sailing (10/17/2016)
Earnings season is underway and the results aren't looking good, particularly for the Industrials sector (see pre-announcements from Dover and Honeywell).
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