Mad Hedge Hot Tips
December 19, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) (SPX) 1,530 Held. Is this the final bottom of the move? Have we really been in a bear market for 11 months and are about to enter a new bull market? Interesting thought. I jumped from a 10% to 40% long yesterday. Click here.
2) All Eyes Are on the Fed. Their interest rate decision is out at 2:00 PM EST. Everything else is irrelevant. I can’t remember when so much attention is focused on our nation’s central bank. Click here.
3) Stock Buybacks Hit an All-Time High at $1.1 trillion in 2018, on an authorized basis with only $800 billion already spent. Boeing (BA), Johnson & Johnson (JNJ), United Health Services (UNH), and of course, Apple (AAPL) have been the biggest buyers. Will there be a buyback panic going into yearend? Click here.
4) November Existing Home Sales Down 7.0% YOY, the worst read since 2011. December alone was up 1.9%. The West took the biggest hit because it has the highest prices. Will the last one to leave please turn out the lights? Click here.
5) Is the Border Wall a Mirage? If so, stocks would love it as the Friday government shutdown will be averted. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
SPECIAL INFLATION ISSUE
(THE GREAT INFLATION HEDGE YOU’VE NEVER HEARD OF)
(HOW TECH IS EATING INTO HEALTHCARE COSTS)
(VEEV), (CRM), (GSK), (AZN), (MRK), (NVS), (DBX), (OKTA), (TWLO)
