Mad Hedge Hot Tips
May 31, 2019
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Another New Tariff War Crushes Stocks, with an out-of-the-blue 5% tax to hit Mexican imports next weekend to battle illegal immigration. American manufacturing is thrown into turmoil. Click here.
2) Oil Gets Crushed, taking oil stocks into a swan dive. Trade wars, US overproduction, what’s not to panic about? A great entry point for high-yield master limited partnerships is setting up. Buy (AMPL) on capitulation day with an 8.06% yield. Click here.
3) Inflation Rises, with Personal Income Expenditure up 0.3%, a 0.3% high. It looks like the Fed’s theory that low inflation is “transitory” is holding water. Click here.
4) Uber Loses $1 Billion in Q1, on $3.2 billion worth of revenues. However, (UBER) is one of the few stocks UP today. The company is delivering a staggering 17 million rides a day. Click here.
5) The Average Dow Return in a Pre-Election Year is 15.8%, with dividends, but we’ve never had one during a trade war. The market is going to have to peddle hard to make that much this year, with the Dow now up only 7.26%. Click here.
Published today in the Mad Hedge Global Trading Dispatch:
(JUNE 21 AUCKLAND NEW ZEALAND STRATEGY LUNCH)
(MAY 29 BIWEEKLY STRATEGY WEBINAR Q&A),
(TLT), (SDS), (SPX), (FXI), (CYB), (PYPL), (SQ), (V), (AMEX), (MC), (GS), (JPM), (C), (NVDA), (MU),
(AMD), (COPX), (FXB) (REMX)
