Mad Hedge Hot Tips
October 2, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Amazon Raises Minimum Wage to $15. It’s about time. Too many of their 350,000 employees were sleeping in their cars. It will cost Jeff Bezos one day of extra income. Another stick on the inflation camel’s back. Click here.
2) It’s the Best Time Ever to Cheat on Your Taxes. Thanks to budget cuts audits are at a ten-year low. Suddenly, you wife has become a valuable business partner who needs entertaining on weekends. Click here.
3) Euro Hits a Six-Week Low Against the US Dollar. That’s what a Fed interest rate hike will do. Already planning next year’s European vacation. Will small caps (IWM) now make a comeback? Click here.
4) General Motors Q3 Sales Collapse by 11.1% YOY, as new Tesla 3 sales wipe out the electric Chevy Bolt, down 44%. The two hurricanes didn’t help either. Click here.
5) Oil Prices Continue to Soar. The short squeeze is on, as Europeans scramble to make up lost Iran supplies. The last time this happened we went into a recession. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(HOW FINTECH IS EATING THE BANKS’ LUNCH),
(BAC), (C), (WFC), (SQ), (PYPL),
(WCAGY), (FISV), (INTU), (BABA),
(WE’RE MAKING SOME CHANGES HERE AT MAD HEDGE FUND TRADER)
(TAKE A LOOK AT ENGLAND’S AMAZON),
(LON: OCDO), (KR), (AMZN),
(WE’RE MAKING SOME CHANGES HERE AT MAD HEDGE FUND TRADER)