Mad Hedge Hot Tips
March 8, 2019
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) The Jobs Report is a Disaster, with the February Nonfarm Payroll Report at a minuscule 20,000 and against an average of 210,000. The headline unemployment rate drops to 3.8%. The jobs market has clearly peaked, so the recession is coming. Put on your hard hat and batten down the hatches. Click here.
2) Stocks Get Hammered, on news of the jobs report. Transports are now down 11 days in a row. All major indexes were down every day this week for the first time since 2016. The dreaded head and shoulders top for the entire ten-year bull market is forming. Click here.
3) You Lost $3.7 Trillion in Q4, or so says the Fed about the decline of national personal net worth during the stock market crash, the sharpest decline in a decade. You’re now only worth $104.3 trillion. Get a job. Click here.
4) Equity Fund Flows the Worst since 2008, with $60 billion in redemptions so far in 2019. Not that I’m trying to get you to choke on your coffee and doughnut this morning, but cash is fleeing the stock market at a record pace. Maybe you should too. Click here.
5) The Rich People Shortage Worsens, at least if you are trying to sell a high-end home. Over 500 homes are for sale in Manhattan for over $10 million each. What? You don’t have a helicopter landing pad on your roof? Horrors! That is so down market. Get another job. Click here.
Published today in the Mad Hedge Global Trading Dispatch:
(MARCH 6 BIWEEKLY STRATEGY WEBINAR Q&A),
(SPY), (SDS), (TLT), (TBT), (GE), (IYM),
(MSFT), (IWM), (AAPL), (ITB), (FCX), (FXE)