Mad Hedge Hot Tips
January 16, 2019
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Brexit Goes Down in Flames, with a crushing 432 to 202 loss, the worst in 100 years. The opposition has tabled a vote of no confidence, so a general election is imminent. Next to come is a new vote on Brexit itself which will go down in flames. Buy the British pound (FXB). Click here.
2) What Does the End of Brexit Mean for the Global Economy? It strengthens Europe, prevents Italy, Greece, Portugal, and France from leaving the European Community, preserves NATO, and stops the Russian hordes from overrunning Western Europe. Croissants will be cheaper in London too. That’s all.
3) JP Morgan Disappoints, But the Stock Rallies Anyway. Maybe at a discount to book value, this sector really is sold out. Buy (JPM), the class act in American banking. Click here.
4) Who Sold 19,000 Naked (SPY) Puts Yesterday, taking in $176 million in premium income. That’s what the options market would love to know. It sounds gutsy, but the $2,100 strike 20% out-of-the-money would have been hit only four times in the last 100 years. Warren Buffet?
5) The Chinese Government Warns Citizens Not to Visit the US, or its allies, citing the danger of arrest. It seems the neighborhood is going downhill. Does this mean the trade talks are getting better….or worse? Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(HAVE BONDS PEAKED?)
(TLT), (TBT),
(IS USA, INC. A SHORT?)
(3D PRINTING GETS A SECOND WIND),
(SSYS), (ETSY), (MSFT), (BA), (NFLX), (GE), (LMT)
