Mad Hedge Hot Tips
September 21, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) It’s All About the Dollar. The U.S. dollar break to a two-month low yesterday is what triggered the stock rally to new highs. Yes, it’s all about fundamentals. U.S. companies make more money with a weak dollar. Click here.
2) Apple Launches New iPhones. Yes, with people camping out overnight and lines around the block, Tim Cook opens the doors to the Palo Alto, CA, store at 9:00 AM sharp to three new phones. But is the stock peaking here at $219? Click here.
3) Alibaba’s (BABA) Jack Ma Says the Trade War Could Last 20 Years. He’s also canceling his promise to create 1 million new jobs in the U.S. No wonder he’s retiring, and with $60 billion he’ll never get bored. Click here.
4) The UK’s Brexit Plan Flops, sending the British pound into free fall. I never thought it would happen. Look for another election to reverse the decision within two years. Click here.
5) U.S. Existing Home Sales Fall, by 1.5% YOY. If you haven’t sold your home by now you’re screwed. The data mountain that the market has peaked is growing by the day. Click here.
Published today in the Mad Hedge Global Trading Dispatch:
(SEPTEMBER 19 BIWEEKLY STRATEGY WEBINAR Q&A),
(SPY), (VIX), (VXX), (GS), (BABA), (BIDU), (TLT), (TBT),
(TSLA), (NVDA), (MU), (XLP), (AAPL), (EEM),
(MONDAY, OCTOBER 15, 2018, ATLANTA, GA,
GLOBAL STRATEGY LUNCHEON)
