HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. WHY WAS 2020 VOTER TURNOUT THE HIGHEST IN 120 YEARS? All that happened 120 years ago, before autos and airplanes and radios, when city streets still teemed with horses and kings and queens still ruled Europe. Regionally, the turnout surge happened pretty much everywhere. In all but 8 states, the 2020 voting rate was the highest since 1980. (State-level data aren't available before

1980.)

CHART OF THE DAY: THE QUADS ARE GLOBAL! A) Russian Stocks are up another +2.0% this morning after a +4.2% week. B) Oil is inflating another +2.1% this morning after a +8.1% inflation back to Bullish @Hedgeye TREND last week. C) Nigerian Stocks were up +13.0% last week to +23.6% in the last month! As you can see in that chart: The Quads Are Global! No one sees it like DD does as a

sea

CHART OF THE DAY: WHAT WORKS IN WHICH QUAD CHART OF THE DAY: What Works In Which Quad. Editor's Note: Below is a chart and brief excerpt from the Early Look written by Senior Macro analyst Darius Dale. Click here to learn more. Investors that simply stayed defensively positioned knowing we’ve been sliding down the backside of the economic cycle since the end of last summer have had a THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our MCCULLOUGH: MY TOP-20 BOOK RECOMMENDATIONS Below is an extended reading list featuring all the books Hedgeye CEO Keith McCullough has read in the last year. We encourage you to check out the books in this reading list to help you dive deeper into how we approach financial markets, hard work and (more philosophically) life. HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. WHY WAS 2020 VOTER TURNOUT THE HIGHEST IN 120 YEARS? All that happened 120 years ago, before autos and airplanes and radios, when city streets still teemed with horses and kings and queens still ruled Europe. Regionally, the turnout surge happened pretty much everywhere. In all but 8 states, the 2020 voting rate was the highest since 1980. (State-level data aren't available before

1980.)

CHART OF THE DAY: THE QUADS ARE GLOBAL! A) Russian Stocks are up another +2.0% this morning after a +4.2% week. B) Oil is inflating another +2.1% this morning after a +8.1% inflation back to Bullish @Hedgeye TREND last week. C) Nigerian Stocks were up +13.0% last week to +23.6% in the last month! As you can see in that chart: The Quads Are Global! No one sees it like DD does as a

sea

CHART OF THE DAY: WHAT WORKS IN WHICH QUAD CHART OF THE DAY: What Works In Which Quad. Editor's Note: Below is a chart and brief excerpt from the Early Look written by Senior Macro analyst Darius Dale. Click here to learn more. Investors that simply stayed defensively positioned knowing we’ve been sliding down the backside of the economic cycle since the end of last summer have had a THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our MCCULLOUGH: MY TOP-20 BOOK RECOMMENDATIONS Below is an extended reading list featuring all the books Hedgeye CEO Keith McCullough has read in the last year. We encourage you to check out the books in this reading list to help you dive deeper into how we approach financial markets, hard work and (more philosophically) life.

HEDGEYE

We cover everything from Global Macro and Retail, to Energy, Restaurants and Washington Policy research. Our unique research team at Hedgeye is composed of some of the most highly-regarded analysts in the industry. Our quantitative models and fundamental research teams complement one another. Here's how. 1.

HEDGEYE

Our growing archive of interviews features famed investors Kyle Bass, Jim Chanos, Raoul Pal (& more!) Video access to Hedgeye analysts featuring exclusive HedgeyeTV market analysis. Watch your inbox. We'll be sending you a 30-day free trial of Hedgeye research. No credit card

no string attached.

TEEN EMPLOYMENT TAKES ADVANTAGE OF LABOR SHORTAGE 20 hours ago · NH: Over the last few months, we have covered the difficulties small businesses have faced hiring new employees. Despite the economy reopening, both stimulus and Covid-19 are keeping many workers home. (See “Small Business Struggle to Fill Jobs” and “Non-College Educated Workers Lag in Employment.”) But one demographic is taking advantage of the labor shortage: teenagers. RISING RATES "JUST GETTING STARTED" 1 day ago · The clip above features a few highlights from "The Macro Show" this morning with Hedgeye CEO Keith McCullough.. Highlights include: China; Interest Rates; Sectors; Every weekday morning at 9:00AM ET our non-consensus macro team distills the latest global market and economic developments and how to position yourself

accordingly.

HEDGEYE RISK MANAGEMENT 15 hours ago · Get 1-month of completely free access to “ETF Pro Plus” – our Macro team’s monthly strategy note distilling our macro investment research down to our favorite ETF exposures. HEDGEYE RISK MANAGEMENT June 8, 2021 | In this issue of The Institutional Risk Analyst, we survey the scene of “meme” investing, a fascinating phenomenon that reminds us that humans are anything but rational, especially when confronted with change.. A meme, for those unfamiliar, is: 1: an idea, behavior, style or usage that spreads from person to person within a culture. 2: an amusing or interesting item or genre INFLATION OR DEFLATION → CHINA OR US GOODS? The guest commentary below was written by Jeff Snider of Alhambra Investments on 6/7/21.This piece does not necessarily reflect the opinions of Hedgeye. For the month of May 2021, China’s General Administration of Customs believes the total US$ value of exports exiting that country was an impressive-sounding $263.9 billion. HEDGEYE RISK MANAGEMENT 15 hours ago · By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails. CHART OF THE DAY: $CLOV 21 hours ago · The CPI print yesterday, while not as directly and immediately relevant to health insurance itself, continues to paint a picture of higher labor and goods costs that, in a regulated industry like health care, will require substantial cost management – something CLOV seems to think is not necessary. UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. WHY WAS 2020 VOTER TURNOUT THE HIGHEST IN 120 YEARS? All that happened 120 years ago, before autos and airplanes and radios, when city streets still teemed with horses and kings and queens still ruled Europe. Regionally, the turnout surge happened pretty much everywhere. In all but 8 states, the 2020 voting rate was the highest since 1980. (State-level data aren't available before

1980.)

CHART OF THE DAY: THE QUADS ARE GLOBAL! A) Russian Stocks are up another +2.0% this morning after a +4.2% week. B) Oil is inflating another +2.1% this morning after a +8.1% inflation back to Bullish @Hedgeye TREND last week. C) Nigerian Stocks were up +13.0% last week to +23.6% in the last month! As you can see in that chart: The Quads Are Global! No one sees it like DD does as a

sea

CHART OF THE DAY: WHAT WORKS IN WHICH QUAD CHART OF THE DAY: What Works In Which Quad. Editor's Note: Below is a chart and brief excerpt from the Early Look written by Senior Macro analyst Darius Dale. Click here to learn more. Investors that simply stayed defensively positioned knowing we’ve been sliding down the backside of the economic cycle since the end of last summer have had a THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our MCCULLOUGH: MY TOP-20 BOOK RECOMMENDATIONS Below is an extended reading list featuring all the books Hedgeye CEO Keith McCullough has read in the last year. We encourage you to check out the books in this reading list to help you dive deeper into how we approach financial markets, hard work and (more philosophically) life. HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. WHY WAS 2020 VOTER TURNOUT THE HIGHEST IN 120 YEARS? All that happened 120 years ago, before autos and airplanes and radios, when city streets still teemed with horses and kings and queens still ruled Europe. Regionally, the turnout surge happened pretty much everywhere. In all but 8 states, the 2020 voting rate was the highest since 1980. (State-level data aren't available before

1980.)

CHART OF THE DAY: THE QUADS ARE GLOBAL! A) Russian Stocks are up another +2.0% this morning after a +4.2% week. B) Oil is inflating another +2.1% this morning after a +8.1% inflation back to Bullish @Hedgeye TREND last week. C) Nigerian Stocks were up +13.0% last week to +23.6% in the last month! As you can see in that chart: The Quads Are Global! No one sees it like DD does as a

sea

CHART OF THE DAY: WHAT WORKS IN WHICH QUAD CHART OF THE DAY: What Works In Which Quad. Editor's Note: Below is a chart and brief excerpt from the Early Look written by Senior Macro analyst Darius Dale. Click here to learn more. Investors that simply stayed defensively positioned knowing we’ve been sliding down the backside of the economic cycle since the end of last summer have had a THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our MCCULLOUGH: MY TOP-20 BOOK RECOMMENDATIONS Below is an extended reading list featuring all the books Hedgeye CEO Keith McCullough has read in the last year. We encourage you to check out the books in this reading list to help you dive deeper into how we approach financial markets, hard work and (more philosophically) life.

HEDGEYE

We cover everything from Global Macro and Retail, to Energy, Restaurants and Washington Policy research. Our unique research team at Hedgeye is composed of some of the most highly-regarded analysts in the industry. Our quantitative models and fundamental research teams complement one another. Here's how. 1.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the most highly

HEDGEYE

Our growing archive of interviews features famed investors Kyle Bass, Jim Chanos, Raoul Pal (& more!) Video access to Hedgeye analysts featuring exclusive HedgeyeTV market analysis. Watch your inbox. We'll be sending you a 30-day free trial of Hedgeye research. No credit card

no string attached.

TEEN EMPLOYMENT TAKES ADVANTAGE OF LABOR SHORTAGE 9 hours ago · NH: Over the last few months, we have covered the difficulties small businesses have faced hiring new employees. Despite the economy reopening, both stimulus and Covid-19 are keeping many workers home. (See “Small Business Struggle to Fill Jobs” and “Non-College Educated Workers Lag in Employment.”) But one demographic is taking advantage of the labor shortage: teenagers. HEDGEYE RISK MANAGEMENT 4 hours ago · Get 1-month of completely free access to “ETF Pro Plus” – our Macro team’s monthly strategy note distilling our macro investment research down to our favorite ETF exposures. RISING RATES "JUST GETTING STARTED" 1 day ago · The clip above features a few highlights from "The Macro Show" this morning with Hedgeye CEO Keith McCullough.. Highlights include: China; Interest Rates; Sectors; Every weekday morning at 9:00AM ET our non-consensus macro team distills the latest global market and economic developments and how to position yourself

accordingly.

CHART OF THE DAY: $CLOV 9 hours ago · The CPI print yesterday, while not as directly and immediately relevant to health insurance itself, continues to paint a picture of higher labor and goods costs that, in a regulated industry like health care, will require substantial cost management – something CLOV seems to think is not necessary. CHART OF THE DAY: ISM SERVICES 1 day ago · Get 1-month of completely free access to “ETF Pro Plus” – our Macro team’s monthly strategy note distilling our macro investment research down to our favorite ETF exposures. CHART OF THE DAY: A BIG MISS TO THE UPSIDE Get 1-month of completely free access to “ETF Pro Plus” – our Macro team’s monthly strategy note distilling our macro investment research down to our favorite ETF exposures. UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. CHART OF THE DAY: THE QUADS ARE GLOBAL! A) Russian Stocks are up another +2.0% this morning after a +4.2% week. B) Oil is inflating another +2.1% this morning after a +8.1% inflation back to Bullish @Hedgeye TREND last week. C) Nigerian Stocks were up +13.0% last week to +23.6% in the last month! As you can see in that chart: The Quads Are Global! No one sees it like DD does as a

sea

THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and CHART OF THE DAY: WHAT WORKS IN WHICH QUAD CHART OF THE DAY: What Works In Which Quad. Editor's Note: Below is a chart and brief excerpt from the Early Look written by Senior Macro analyst Darius Dale. Click here to learn more. Investors that simply stayed defensively positioned knowing we’ve been sliding down the backside of the economic cycle since the end of last summer have had a ICYMI: THE QUAD 4 INVESTING CHEAT SHEET That's precisely how Hedgeye CEO Keith McCullough addressed investors who tuned into our webcast earlier this week. In particular, McCullough warned investors about “Quad 4” and the havoc it is wreaking (and will continue to inflict) on portfolios. After having been bullish on U.S. growth and stocks for the better part of the last

two years

HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. CHART OF THE DAY: THE QUADS ARE GLOBAL! A) Russian Stocks are up another +2.0% this morning after a +4.2% week. B) Oil is inflating another +2.1% this morning after a +8.1% inflation back to Bullish @Hedgeye TREND last week. C) Nigerian Stocks were up +13.0% last week to +23.6% in the last month! As you can see in that chart: The Quads Are Global! No one sees it like DD does as a

sea

THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and CHART OF THE DAY: WHAT WORKS IN WHICH QUAD CHART OF THE DAY: What Works In Which Quad. Editor's Note: Below is a chart and brief excerpt from the Early Look written by Senior Macro analyst Darius Dale. Click here to learn more. Investors that simply stayed defensively positioned knowing we’ve been sliding down the backside of the economic cycle since the end of last summer have had a ICYMI: THE QUAD 4 INVESTING CHEAT SHEET That's precisely how Hedgeye CEO Keith McCullough addressed investors who tuned into our webcast earlier this week. In particular, McCullough warned investors about “Quad 4” and the havoc it is wreaking (and will continue to inflict) on portfolios. After having been bullish on U.S. growth and stocks for the better part of the last

two years

HEDGEYE

We cover everything from Global Macro and Retail, to Energy, Restaurants and Washington Policy research. Our unique research team at Hedgeye is composed of some of the most highly-regarded analysts in the industry. Our quantitative models and fundamental research teams complement one another. Here's how. 1. CHART OF THE DAY: CRYPTO QUANT DASHBOARD 20 hours ago · Below is a chart and brief excerpt from today's Early Look written by Hedgeye CEO Keith McCullough.. Our “Crypto Quant” dashboard is designed to build risk management awareness, not answer the long-term outlook for cryptocurrencies.

HEDGEYE

Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the most highly HEDGEYE DAILY CRYPTO QUANT Editor’s Note: Our “Crypto Quant” dashboard is designed to build risk management awareness, not answer the long-term outlook for cryptocurrencies.Below is an exclusive look at our in-depth daily crypto trend tracker. Click here to learn more.. For an in-depth tutorial on how to use these different “Crypto Quant” risk management tools, click here to watch a webcast tutorial with U.S

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. HEDGEYE RISK MANAGEMENT 16 hours ago · The clip above features a few highlights from "The Macro Show" this morning with Hedgeye CEO Keith McCullough.. Highlights include: Natural Gas; Small Caps; Bitcoin; Every weekday morning at 9:00AM ET our non-consensus macro team distills the latest global market and economic developments and how to position yourself

accordingly.

ICONS OF MEME INVESTING 20 hours ago · June 8, 2021 | In this issue of The Institutional Risk Analyst, we survey the scene of “meme” investing, a fascinating phenomenon that reminds us that humans are anything but rational, especially when confronted with change.. A meme, for those unfamiliar, is: 1: an idea, behavior, style or usage that spreads from person to person within a culture. 2: an amusing or interesting item

or genre

COMMODITIES → NEW CYCLE HIGHS 1 day ago · The clip above features a few highlights from "The Macro Show" this morning with Hedgeye CEO Keith McCullough.. Highlights include: Commodities; 10 Year Treasuries; Volatility; Every weekday morning at 9:00AM ET our non-consensus macro team distills the latest global market and economic developments and how to position yourself

accordingly.

CHART OF THE DAY: FRACTAL BREAKOUTS/BREAKDOWNS (BITCOIN) 20 hours ago · This morning is a textbook breakdown in Bitcoin to lower-lows within a Bearish @Hedgeye TREND with volatility that may or may not go away. I’ll let the math in my models and process let me know when/if that happens. HEDGEYE RISK MANAGEMENT 14 hours ago · Get 1-month of completely free access to “ETF Pro Plus” – our Macro team’s monthly strategy note distilling our macro investment research down to our favorite ETF exposures. HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

In 2008, Hedgeye was born. My co-founders and I created something that didn't exist: Hedge fund-quality research for everyday investors. We envisioned a level playing field between everyday investors and Wall Street. Our founding principles remain transparency, accountability and trust. Our risk management approach to investing is different HEDGEYEHEDGEYE RISK MANAGEMENTHEDGEYE RISK MANAGEMENT LLCHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGERHEDGEYE MACRO SHOWHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

HEDGEYEHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGEMENT LLCHEDGEYE PERFORMANCEHEDGEYE RETAILHEDGEYE REVIEWSHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the most highly

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES30 DAY REALIZED VOLATILITYREALIZED VOLATILITY CALCULATIONIMPLIED VOLATILITY VS REALIZED VOLATILITYREALIZED VOLATILITY INDEXREALIZED VOLATILITY SYMBOLREALIZED VOLATILITY FORMULA Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

In 2008, Hedgeye was born. My co-founders and I created something that didn't exist: Hedge fund-quality research for everyday investors. We envisioned a level playing field between everyday investors and Wall Street. Our founding principles remain transparency, accountability and trust. Our risk management approach to investing is different HEDGEYEHEDGEYE RISK MANAGEMENTHEDGEYE RISK MANAGEMENT LLCHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGERHEDGEYE MACRO SHOWHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

HEDGEYEHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGEMENT LLCHEDGEYE PERFORMANCEHEDGEYE RETAILHEDGEYE REVIEWSHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the most highly

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES30 DAY REALIZED VOLATILITYREALIZED VOLATILITY CALCULATIONIMPLIED VOLATILITY VS REALIZED VOLATILITYREALIZED VOLATILITY INDEXREALIZED VOLATILITY SYMBOLREALIZED VOLATILITY FORMULA Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and

HEDGEYE

In 2008, Hedgeye was born. My co-founders and I created something that didn't exist: Hedge fund-quality research for everyday investors. We envisioned a level playing field between everyday investors and Wall Street. Our founding principles remain transparency, accountability and trust. Our risk management approach to investing is different

HEDGEYE

We cover everything from Global Macro and Retail, to Energy, Restaurants and Washington Policy research. Our unique research team at Hedgeye is composed of some of the most highly-regarded analysts in the industry. Our quantitative models and fundamental research teams complement one another. Here's how. 1.

HEDGEYE

Our Philosophy. The Financial Crisis exposed the worst in Wall Street: Its conflicts of interest, unaccountability and opaqueness. There had to be a better way. So we got to work. In 2008, Hedgeye was born. Our founding principles remain transparency, accountability and trust. We don't have an investment banking arm. COMMODITIES → NEW CYCLE HIGHS 17 hours ago · The clip above features a few highlights from "The Macro Show" this morning with Hedgeye CEO Keith McCullough.. Highlights include: Commodities; 10 Year Treasuries; Volatility; Every weekday morning at 9:00AM ET our non-consensus macro team distills the latest global market and economic developments and how to position yourself accordingly. POLITICS, POLICY & POWER 16 hours ago · Until the pandemic, no more than 0.40% on average has separated New York’s unemployment rate from Florida’s. The difference between California and Florida, two states with similar economies dependent tourism, agriculture and international trade, has on average been 1.20%.

HEDGEYE

Hedgeye is a bold, trusted, no-excuses provider of real-time investment research and a premier online financial media company. Our all-star research team is unafraid of rocking the boat and is committed to delivering the highest caliber investment ideas through rigorous quantitative, bottom-up and macro analysis with an emphasis

on timing.

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. CARTOON OF THE DAY: YELLEN & SCREAMIN' 13 hours ago · Our inimitable, in-house cartoonist Bob Rich is on a well-deserved break. This cartoon is from the Hedgeye Vault featuring some of his best work.. Click here to get our "Cartoon of the Day" emailed to you for free. COVID-19 CRAZINESS: 8 CARTOONS THAT CAPTURE THE CHAOS These 8 Cartoons Capture The COVID-19 Cataclysm. Our cartoonist Bob Rich has an uncanny knack at capturing the zeitgeist. In no particular order below are eight cartoons capturing the current state of affairs. If you'd like Bob's daily cartoon emailed to you for free click here.

PUTIN & BIDEN

17 hours ago · In ten days the presidents of the U.S. and Russia travel to Switzerland for their first meeting as heads of state. Summits in which leaders of democracies sit down with their authoritarian counterparts have built-in drama; that’s certainly the case with the forthcoming Biden-Putin summit. HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

In 2008, Hedgeye was born. My co-founders and I created something that didn't exist: Hedge fund-quality research for everyday investors. We envisioned a level playing field between everyday investors and Wall Street. Our founding principles remain transparency, accountability and trust. Our risk management approach to investing is different HEDGEYEHEDGEYE RISK MANAGEMENTHEDGEYE RISK MANAGEMENT LLCHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGERHEDGEYE MACRO SHOWHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

HEDGEYEHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGEMENT LLCHEDGEYE PERFORMANCEHEDGEYE RETAILHEDGEYE REVIEWSHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the most highly

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES30 DAY REALIZED VOLATILITYREALIZED VOLATILITY CALCULATIONIMPLIED VOLATILITY VS REALIZED VOLATILITYREALIZED VOLATILITY INDEXREALIZED VOLATILITY SYMBOLREALIZED VOLATILITY FORMULA Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and HEDGEYELOGINALL INSIGHTSMARKET INSIGHTSHEDGEYE TVHEDGEYE EDGEPRODUCTS A Long History of Accurate Market Calls. Hedgeye was founded in 2008. The same year we made our first big market call – that investors should go to cash ahead of an historic selloff. We pride ourselves on proactively preparing investors for big market moves. S&P 500.

HEDGEYE

In 2008, Hedgeye was born. My co-founders and I created something that didn't exist: Hedge fund-quality research for everyday investors. We envisioned a level playing field between everyday investors and Wall Street. Our founding principles remain transparency, accountability and trust. Our risk management approach to investing is different HEDGEYEHEDGEYE RISK MANAGEMENTHEDGEYE RISK MANAGEMENT LLCHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGERHEDGEYE MACRO SHOWHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an

emphasis on timing.

HEDGEYEHEDGEYE RISK MANAGEMENT CTHEDGEYE RISK MANAGEMENT LLCHEDGEYE PERFORMANCEHEDGEYE RETAILHEDGEYE REVIEWSHEDGEYE TV Hedgeye Risk Management is an independent investment research and online financial media company. Focused exclusively on generating and delivering thoughtful investment ideas in a proven buy-side process, the firm combines quantitative, bottom-up and macro analysis with an emphasis on timing. The Hedgeye team features some of the most highly

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. THE FOURTH TURNING: WHY AMERICAN 'CRISIS' MAY LAST UNTIL 2030 Editor’s Note: Below is a 14-minute video narrated by Hedgeye Demography Sector Head Neil Howe describing the generational theory put forth in his 1997 classic “The Fourth Turning,” co-authored with William Strauss.. Also below is a brief essay originally published on 3/11/19 by Neil discussing the typical progression of each "Turning". It remains more relevant than ever amidst our CARTOON OF THE DAY: FAIRY GODMOTHER Cartoon of the Day: Please Keep Diamond Hands Inside The Ride. 05/24/21 08:02 AM EDT. UNDERSTANDING VOLATILITY: A SPECIAL VIDEO SERIES30 DAY REALIZED VOLATILITYREALIZED VOLATILITY CALCULATIONIMPLIED VOLATILITY VS REALIZED VOLATILITYREALIZED VOLATILITY INDEXREALIZED VOLATILITY SYMBOLREALIZED VOLATILITY FORMULA Understanding volatility is an essential tool in your macro toolkit. At Hedgeye, we have a nuanced view about how to incorporate this measure into your portfolio decision-making process. Due to popular demand for a primer on the topic, we produced a special video a few weeks back, “ Understanding Volatility ,” with Macro analyst and

HEDGEYE

In 2008, Hedgeye was born. My co-founders and I created something that didn't exist: Hedge fund-quality research for everyday investors. We envisioned a level playing field between everyday investors and Wall Street. Our founding principles remain transparency, accountability and trust. Our risk management approach to investing is different

HEDGEYE

We cover everything from Global Macro and Retail, to Energy, Restaurants and Washington Policy research. Our unique research team at Hedgeye is composed of some of the most highly-regarded analysts in the industry. Our quantitative models and fundamental research teams complement one another. Here's how. 1.

HEDGEYE

Our Philosophy. The Financial Crisis exposed the worst in Wall Street: Its conflicts of interest, unaccountability and opaqueness. There had to be a better way. So we got to work. In 2008, Hedgeye was born. Our founding principles remain transparency, accountability and trust. We don't have an investment banking arm. COMMODITIES → NEW CYCLE HIGHS 17 hours ago · The clip above features a few highlights from "The Macro Show" this morning with Hedgeye CEO Keith McCullough.. Highlights include: Commodities; 10 Year Treasuries; Volatility; Every weekday morning at 9:00AM ET our non-consensus macro team distills the latest global market and economic developments and how to position yourself accordingly. POLITICS, POLICY & POWER 15 hours ago · Until the pandemic, no more than 0.40% on average has separated New York’s unemployment rate from Florida’s. The difference between California and Florida, two states with similar economies dependent tourism, agriculture and international trade, has on average been 1.20%.

HEDGEYE

Hedgeye is a bold, trusted, no-excuses provider of real-time investment research and a premier online financial media company. Our all-star research team is unafraid of rocking the boat and is committed to delivering the highest caliber investment ideas through rigorous quantitative, bottom-up and macro analysis with an emphasis

on timing.

HEDGEYE

The Hedgeye team features some of the world's most regarded research analysts - united around a vision of independent, un-compromised real-time investment research as a service. CARTOON OF THE DAY: YELLEN & SCREAMIN' 13 hours ago · Our inimitable, in-house cartoonist Bob Rich is on a well-deserved break. This cartoon is from the Hedgeye Vault featuring some of his best work.. Click here to get our "Cartoon of the Day" emailed to you for free. COVID-19 CRAZINESS: 8 CARTOONS THAT CAPTURE THE CHAOS These 8 Cartoons Capture The COVID-19 Cataclysm. Our cartoonist Bob Rich has an uncanny knack at capturing the zeitgeist. In no particular order below are eight cartoons capturing the current state of affairs. If you'd like Bob's daily cartoon emailed to you for free click here.

PUTIN & BIDEN

16 hours ago · In ten days the presidents of the U.S. and Russia travel to Switzerland for their first meeting as heads of state. Summits in which leaders of democracies sit down with their authoritarian counterparts have built-in drama; that’s certainly the case with the forthcoming Biden-Putin summit.

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