Mad Hedge Hot Tips
December 3, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Apparently, the Dinner in Buenos Aires Went Well, with stocks up 500 points at the opening. Never mind that all they did was kick the can down the road for 3 months. I’m taking profits on my deep in-the-money positions. Click here.
2) Taking Profits on Salesforce. A 17.41% profit in 12 days is good enough for me. Remember, hogs get fed, pigs get slaughtered. But I’ll be back in on the next decent dip. I love this company! Click here.
3) The Stock Market is Closed on Wednesday, in respect of the President George H.W. Bush funeral. I first met him in Beijing in 1975 when he headed the US Liaison Office in Beijing. He went on to head the CIA after that, a nice person to know. I last saw him in 2012 when he occupied the owner's cabin next to mine on the Queen Mary II, then in a wheelchair. We reminisced about old times. He never uttered an unkind word to me. Click here.
4) US Construction Spending Falls for Third Straight Month, as confidence in the futures is fading fast. Click here.
5) Trump to Withdraw from NAFTA, even though he spent two years negotiating a marginal deal. As if we didn’t have enough to worry about already! Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(THE MARKET OUTLOOK FOR THE WEEK AHEAD, or
THE YEAR EVERYTHING WENT DOWN)
(SPY), (TLT), (COPX), (GLD), (IYR), (FXE), (EEM), (USO), (IYR), (GM)
(I BET YOU’VE NEVER HEARD OF HUBSPOT)
(HUBS), (CRM)
