Chart Of the Day: Macro vs. Earnings Season, Beware...

08/19/08 03:25PM EDT
As another 2008 Earnings Season limps to a close, you'll find this chart as relevant as any other out there. Notice that we are exiting the 3rd earnings season (blue on the chart) of the year, and pay close attention to the path that the US market has taken post the previous two.

I know - everyone doesn’t "do Macro". But I also know … that everyone knows… that it matters.

If you are still levered up long, beware of this upcoming Macro Season.
KM

(Chart by Andrew Barber, Director - Research Edge LLC)
© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.