Mad Hedge Hot Tips
October 5, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) The Panic is On. So, stock markets really don’t like rising interest rates? There’s now a rush by managers to lock in gains by selling off biggest winners, and that would be all of technology. Who knew? Worse to come. Click here.
2) Unemployment Rate Hits a 49-Year Low at 3.7%. I remember it well. I was earning a dollar an hour at the May company snack bar. Neither the snack bar nor the May Company still exist, but I do. Bonds take it on the nose. Click here.
3) JP Morgan Lays Off 400 in the Mortgage Department. If you haven’t sold your house by now you’re screwed. Read my piece on how to ride out the next recession. The good news? You’ll be able to refi at 0% during the next recession if you still own your home. Click here.
4) Daimler Benz Will Start Making Batteries in Alabama, in the first serious threat to Tesla (TSLA) since its foundation 15 years ago. Is it time for Elon Musk to stop tweeting and start looking over his shoulder? Click here.
5) Tronc is Changing its Name Back to Tribune Publishing. In the worst rebranding effort in history the owner of the Chicago Tribune and the LA Times is reversing course after only a year. One comedian said “Tronc” was the noise made when newspapers were dumped in the recycling bin. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WEDNESDAY OCTOBER 17 HOUSTON STRATEGY LUNCHEON INVITATION),
(OCTOBER 3 BIWEEKLY STRATEGY WEBINAR Q&A)
(SPY), (VIX), (VXX), (MU), (LRCX), (NVDA), (AAPL), (GOOG), (XLV), (USO), (TLT), (AMD), (LMT), (ACB), (TLRY), (WEED)
