Mad Hedge Hot Tips
March 5, 2019
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) China Cuts Growth Forecast, from 6.5% to 6.0% GDP growth for 2019. The trade war with the US and the stimulus haven’t kicked in yet. The last time they did this, the market fell 1,000 points. Buy (FXI) on the dip. Click here.
2) ISM Non-Manufacturing Index Pops in February from 57.2 estimated to 59.7. Another rare positive data point for the economy. Services are still alive while manufacturing is dying. Buy tech, sell industrials. Click here.
3) New Homes Sales Bounce in December, up only 3.7% to an annual 621,000 rate after a horrific November. If you can’t sell a home with rates this low, you never will. Avoid homebuilders. Click here.
4) Trump Starts New Trade War Against India, eliminating $5.7 billion in import exemptions. You’re going to have to start paying more for those cheap clothes. Click here.
5) The US Dollar is Driving All Trades Right Now, and has been rising. Buy tech, avoid commodities for at least a few days. But without rising rates, it’s only a short term play. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(THE BIPOLAR ECONOMY),
(AAPL), (INTC), (ORCL), (CAT), (IBM),
(TESTIMONIAL)
(MEET THE PREMIER DINOSAUR OF OUR TIME),
(HPQ), (LNVGY), (DVMT), (AAPL)
