Mad Hedge Hot Tips
May 29, 2019
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
SPECIAL MORE PAIN TO COME ISSUE
1) The Double Top in Bonds is Only Three Points Away, taking you to a 2.05% yield on ten-year US Treasury bonds. The July 2016 top is where you want to start laying out their short positions in bonds again, or $133 in the (TLT). Yields are inverting too, with short rates topping long rates in this always accurate recession predictor. Click here.
2) The Trade War Ramps Up, with China moving to ban FedEx and restricting rare earth exports to the US essential for all electronics manufacture. The big question in investor minds becomes “Is Apple next?” Click here.
3) US Car Sales Are Fading, as another pillar of the US economy crumbles. Expect the Big Three will become the Big Two in the next recession. Click here.
4) Boeing 737 MAX Not Returning Until August, says IATA head, creating a massive shortage of aircraft this summer. Too bad (BA) has become a punching bag in the trade war. Click here.
5) OECD Cuts Global Growth Forecast, from 3.9% to 3.1% for 2019 because of you know what. Stock markets are now down for their fifth week, as the 200-day moving average comes within striking distance. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WEDNESDAY JULY 10 BUDAPEST HUNGARY STRATEGY LUNCHEON)
(ONSHORING TAKES ANOTHER GREAT LEAP (TSLA), (UMX), (EWW), FORWARD),
(KISS THAT UNION JOB GOODBYE),
(CHINA TO BAN FEDEX)
(HUAWEI), (AMZN), (FDX), (UPS), (DPSGY), (BABA), (ZTO)
