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. Truth (1/6/2016)
The truth? Wall Street's estimates of the number of jobs added by the U.S. economy in a given month are a joke.
2. Eating Crow (1/5/2016)
"Oh have the Brexit Bears been wrong," writes Hedgeye CEO Keith McCullough. The FTSE hit yet another post-Brexit high today after the U.K.'s Services Purchasing Managers' Index (PMI) for December accelerated to 56.2 versus 55.2 in November. We still like the Pound on the long side, especially against the Euro.
3. Belly Up? (1/4/2016)
Gold prices are down -16% since peaking in early July. We say sell it.
4. "Euros Keep Falling On My Head" (1/3/2016)
The Euro has weakened -11.5% versus the U.S. Dollar since last May, as the U.S. economy strengthens and Europe fumbles on fixing its many issues.
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