Mad Hedge Hot Tips
December 20, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) That Was Some Rate Hike! Only 25 basis points knock 900 points off the Dow Average in an hour. What if he had raised by 50 points? The Fed says the economy is great, the stock market says it isn’t. Still, down 4,000 points in less than three months, you’d think we’re getting close to a bottom. Click here.
2) New York Home Prices are in Free Fall, thanks to the loss of local and mortgage tax deductions in the Trump tax bill. California and New Jersey are following close behind. Goodbye, home ATM! Click here.
3) Online Sales up 18% Year on Year. Recession? What recession? Goodbye Sears (SHLDQ), goodbye Macy’s (M). Click here.
4) Weekly Mortgage Applications Down 5.8%, in one of the sharpest drops in years. How come we can see these numbers and the Fed can’t? Click here.
5) Weekly Jobless Claims Up 8,000, to 214,000. It’s amazing to see this number rising during the holiday season. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(THE GLASS HALF EMPTY MARKET)
($INDU), (SPY)
(HOW TO EXECUTE A VERTICAL BULL CALL SPREAD),
(AAPL)
(MICRON TECHNOLOGY BOMBS AGAIN)
(MU), (FDX), (UPS), (AAPL), (QRVO), (SWKS), (NXPI), (CRUS), (LITE),
