Mad Hedge Hot Tips
March 1, 2019
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Q4 GDP Growth Dives to 2.6%, down from 3.5% in Q3. The entire stimulus package is looking like a one-hit wonder. And the government shutdown will shave 75 basis points off the next quarter. Click here.
2) Initial Jobless Claims Up 8,000, to 225,000. It’s still hugging a 40-year low. Good luck hiring a gardener. Click here.
3) Chicago Purchasing Manager Index Soars, from an expected 56.1 to 64.7, a 14-month high. It’s a rare piece of good news from a rapidly deteriorating economy. It’s also another nail in the coffin of the bond market. Click here.
4) Tesla Launches $35,000 Model 3, and they’re closing most stores to finance it. Electric cars for the masses, a decade-long promise, is finally here. The new Tesla 3 will have a 220 miles range. Plummeting battery prices were the clincher. Buy (TSLA), sell (GM). Click here.
5) Morgan Stanley Quadruples China Weighting in its Global Index, and stocks in the Middle Kingdom soar. With a Chinese victory in the trade talks imminent, it might be a good time to get in. Buy (FXI). Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(OH, HOW THE MIGHTY HAVE FALLEN),
(BRK/A), (AXP), (AAPL), (BAC), (KO), (WFC), (KHT),
(AMGEN’S BIG WIN),
(AMGN), (SNY), (REGN)
(ABOUT THE TRADE ALERT DROUGHT),
(SPY), (GLD), (TLT), (MSFT)
