Mad Hedge Hot Tips
October 1, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Trade Deal Struck with Canada, saving NAFTA, and stocks rocket. ANY positive news on trade will deliver huge short covering rallies. What a start to Q4! Good thing I reestablished my longs last week. Click here.
2) Money is Still Pouring Into the US. Some $2.2 billion in fund flows poured out of foreign equities and $1.6 billion into US equities in the first half. Everyone wants to come to the Land of Oz. With strong earnings and a robust currency what’s not to like? Click here.
3) General Electric (GE) Dumps Its CEO, after only a year and the stock rockets 17%. It looks like the hedge fund that makes light bulbs still hasn’t found the “ON” switch. Click here.
4) Tesla Cuts Deal with the SEC, and the stock soars 20%. The shorts get burned yet again. Elon Musk will take a two-year vacation from the CEO job but will keep all the others. With the Defense Department now dependent on Musk to get their spy satellites into orbit there was no way the case against him was ever going anywhere. Click here.
5) The 30-Year Mortgage Rate Closes in on 5%, and the “FOR SALE” sign are breaking out like a rash on prom night. This is where government crowding out of private borrowers starts. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(THE MARKET OUTLOOK FOR THE WEEK AHEAD, or DON’T NOMINATE ME!),
(AMZN), (NVDA), (AAPL), (MSFT), (GLD), (ABX), (GOLD),
(OCTOBER 26-27 MAD HEDGE LAKE TAHOE CONFERENCE)
(ZINC AIR BATTERIES WILL REVOLUTIONIZE ELECTRIC CARS)
(TSLA), (NIO), (FB), (GOOGL), (NFLX)