Mad Hedge Hot Tips
September 11, 2018
Fiat Lux
The Five Most Important Things That Happened Today
(and what to do about them)
1) Stocks Open Down, on what will be a muted day on 9/11 remembrances. I can’t believe it’s been 17 years. The bloom is coming off the rose as trade wars overhang risk taking. Keep those shorts! Click here.
2) Hedge Fun Guru Ray Dalio Says It’s Time to Go Defensive. The Bridgewater founder also thinks we’re in the seventh inning of the economic recovery. The next bear market won’t be as bad as the last, but the politics could be worse. Sees parallels with the 1935-39 drawdown, when income tax rates were raised to 90% and the rich were vilified for the next 20 years. I’m keeping my shorts. Click here.
3) JOLTS Report Shows 6.93 Million Job Openings in July, a new all-time high. This is what an overheating economy looks like. It’s just a matter of time before we start seeing strikes for high wages. Click here.
4) Small Business Optimism Hits an All-Time High in August, up 0.9 points to 108.8. That’s a 35-year high. Super bullish small businesses are another topping indicator. Click here.
5) Tesla’s (TSLA) Battery Business is Booming, but nobody knows it because of all the hoopla over Elon Musk. The stock is still uninvestable as it hits a new low for the year. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(A NOTE ON ASSIGNED OPTIONS,
OR OPTIONS CALLED AWAY), (MSFT),
(TEN MORE REASONS WHY BONDS WON’T CRASH),
(TLT), (TBT), (ELD), (MUB),
(IS IT TIME TO PICK UP THE SLACK?),
SLACK WORKSPACE APP
