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PREMIUM INSIGHT

HedgeyeTV Exclusive: Italy’s Banking Crisis & What it Means for Europe

HedgeyeTV Exclusive: Italy’s Banking Crisis & What it Means for Europe - TMS KM DL Italy Banking 12 9 2016 NO TEXT

Want to truly understand the scope of Italy’s problems? From its teetering banking system to continent-wide discussions about the benefits of European Union membership, this excerpt is must-see TV for thoughtful investors.


What We're Watching In 'The Week Ahead'

The Economic Data calendar for the week of the 12th of December through the 16th of December 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.

What We're Watching In 'The Week Ahead' - 12.09.16 Week Ahead


5 Cartoons: This Week on Wall Street

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. Out of Ammo? (12/9/2016)

5 Cartoons: This Week on Wall Street - Draghi cartoon 03.09.2016

 

Our inimitable cartoonist Bob Rich is out of the office. While he’s away, we're going into the Hedgeye Vault and highlighting some of his best work. In light of the ongoing turmoil in Europe, we bring you this audience favorite 

 

2. Strong Dollar (12/8/2016)

5 Cartoons: This Week on Wall Street - Dollar cartoon 03.09.2015

 

Our inimitable cartoonist Bob Rich is out of the office. While he’s away, we're going into the Hedgeye Vault and highlighting some of his best work. In light of the U.S. Dollar Index’s 3% rally since Election Day, we bring you this audience favorite

 

3. R.I.P Obamacare? (12/7/2016)

5 Cartoons: This Week on Wall Street - Obamacare cartoon 12.07.2016

 

Here's what Donald Trump's win means for Obamacare.

 

4. Wall Street "Analysis" (12/6/2016)

5 Cartoons: This Week on Wall Street - The Process cartoon 12.06.2016

 

sharp and ugly reformation is headed for Wall Street. 

 

5. Wonderland (12/5/2016)

5 Cartoons: This Week on Wall Street - Wonderland cartoon 12.05.2016

 

From Brexit to the election of Donald Trump to the result of Italy's referendum, all are a repudiation of entrenched political elites. 

 

Click here to receive our daily cartoon for free.


[From The Vault] Cartoon of the Day: Out of Ammo?

[From The Vault] Cartoon of the Day: Out of Ammo? - Draghi cartoon 03.09.2016

 

Our inimitable cartoonist Bob Rich is out of the office. While he’s away, we're going into the Hedgeye Vault and highlighting some of his best work. In light of the ongoing turmoil in Europe, we bring you this audience favorite

 

 

Click here to receive our daily cartoon for free.


This Central Banker ‘Straw Man’ Argument Needs to Stop ASAP

 

“There is an entire generation of traders out there who have only lived through expansionary monetary policy,” said economist and author Daniel Lacalle during a candid discussion with Hedgeye CEO Keith McCullough on The Macro Show today. These traders think “central banks can create magic out of unicorns,” he says.

It’s true. Wall Street loves easy money.

 

Unfortunately, central bankers and economists around the world continue to fabricate straw man arguments to obscure the underlying economic reality.

 

Here’s a brief excerpt where Lacalle digs in:

 

“Keith, we talk math. They talk religion. They always say that it would have been worse  if [quantitative easing] hadn’t been done. Yesterday, I was going through the numbers of the ECB’s results from QE and when you look it’s failure everywhere. But the only answer you get to that from Keynesian economists is ‘It could have been worse.’ To me, it could have been worse as a concept just doesn’t work.”

 

In the video excerpt above, Lacalle and McCullough discuss why Europe is in deep trouble, the fallacy of mainstream economist thinking, and whether President-elect Donald Trump’s economic plan can actually prop up the U.S. economy.

 

 

Want more? 

 


5 Things to Watch: U.S. Government Shutdown... The Billionaire Boys Club... Trump's Dream Team

5 Things to Watch: U.S. Government Shutdown... The Billionaire Boys Club... Trump's Dream Team - dc wash

 

Investors across the globe have been exuberantly celebrating Donald Trump's historic election victory. The benchmark S&P 500 index is up 10% year-to-date (almost 6% since Election Day). A little reality check may be in order. Here's a look at key Washington to Wall Street issues which may have significant investing implications.

DON’T CALL IT A SHUTDOWN

The continuing resolution (CR) passed the House by a large margin with House members making a customary beeline for Washington-area airports. But their friends over in the Senate are not so lucky. A group of Democrats have slowed up the CR over a provision regarding a healthcare and benefits extension for coal miners.

 

Three of the Senators - Sherrod Brown, Joe Manchin, and Joe Donnelly - are not only up for reelection in 2018, but also serve states that Trump won and are appealing to him to support their cause.  A short-term CR will be needed at midnight tonight to avoid a government shutdown and Senators will likely be working into the weekend unless a deal is struck beforehand.

BILLIONAIRE BOYS CLUB

5 Things to Watch: U.S. Government Shutdown... The Billionaire Boys Club... Trump's Dream Team - moeny man

 

Donald Trump’s billionaire-to-president story has inspired a new crop of wealthy Democrat donors who are looking to replicate the model. FL attorney John Morgan, Hyatt scion and IL businessman J.B. Pritzker, and CA hedge fund manager Tom Steyer, may all try their hands at running for governor of their respective states.

 

Dems are still shell shocked from their losses in the national elections, but worse for them is the fact that they now hold just 18 Governor’s mansions down from 29 in 2008. While the influx of new faces will give the party some new light, the fact that more young guns aren’t coming out of the woodwork has to be sounding alarm bells with national Democrat leaders.

CONSERVATIVE DREAM TEAM

The positions in Trump’s cabinet are filling up fast and it's shaping up to be a conservative's dream. The president-elect named Andrew F. Puzder, CEO of Hardee’s and Carl’s Jr., as his Secretary of Labor. Democrats will now have a tough decision to make in choosing to oppose Pudzer, who opposes the expansion of overtime pay and increases in minimum wage increases, or Scott Pruitt, conservative nominee for the EPA. Pruitt, who currently serves as the Attorney General of OK, is very close to the fossil fuel industry and a climate change denier, will also give the Dems plenty of heartburn during the confirmation period.

FROM RUSSIA WITH SUBPOENA

5 Things to Watch: U.S. Government Shutdown... The Billionaire Boys Club... Trump's Dream Team - putin wink2

 

Republicans in the Senate are now pushing back against Russia as John McCain, Chairman of the Senate Armed Services Committee, plans to launch an investigation into Russia’s role in hacking the DNC and cyber attacks during the election. He has the backing of Senators Lindsey Graham and Bob Corker as well as U.S. military officials concerned about Russia’s ability to steal military secrets and operational plans.  While garnering support from their Democratic brethren, it does put them at odds against President-elect Trump who doesn’t believe there was any meddling by the Russians during Campaign 2016.

TO FILIBUSTER OR NOT TO FILIBUSTER?

As Senate Minority Leader Harry Reid bade farewell to the Senate after 34 years - he warned Congress to try not and bid farewell to the filibuster. But, let’s go back to 2013 where Reid curtailed the use of the filibuster after Senate Republicans blocked several of President Obama’s judicial and executive nominees lowering the threshold for confirmation from 60 to a simple majority - with the exception of SCOTUS nominees.

 

Reid believes that the filibuster has been used far too much in recent years and thinks the “nuclear option” will be used for SCOTUS nominees and even legislation in the not too distant future unless Senators stop obstructing routine proceedings.


Hedgeye Statistics

The total percentage of successful long and short trading signals since the inception of Real-Time Alerts in August of 2008.

  • LONG SIGNALS 80.38%
  • SHORT SIGNALS 78.41%
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