Mad Hedge Hot Tips
August 22, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Stock Market Hits New All-Time Highs. I told you so. It only took seven months from the last peak. Some 40% of this year’s 7% gain is in four stocks: Netflix (NFLX), Amazon (AMZN), Apple (AAPL), and Alphabet (GOOGL). Click here.
2) About That Washington Matter. Stocks could care less. Excess global liquidity, exploding earnings, a strong economy, and low interest rates are much more important. Only an extended trade war can pee on this parade. Click here.
3) Lowes is Shutting Down Orchard Hardware Stores. Retail over-capacity is still a huge problem. You are going to have to drive a little further to buy those flowers this weekend. Click here.
4) JP Morgan (JPM) is Laying Off 100 Portfolio Managers. Yes, they’re being replaced by algorithms. Your next financial advisor could be a terminator. Click here.
5) Target (TGT) Reports Blowout Earnings. Apparently, retail is not deal after all. The world is dividing into the have and the have-nots. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WHY DOCTOR COPPER IS WAVING A RED FLAG),
($COPPER), (FCX), (USO),
(HANGING OUT WITH THE WOZ),
(AAPL),
(WHAT’S IN STORE FOR TECH IN THE SECOND HALF OF 2018?),
(GOOGL), (AMZN), (FB), (UTX), (UBER), (LYFT), (MSFT), (MU), (NVDA), (AAPL), (SMH)