Mad Hedge Hot Tips
August 31, 2018
The Five Most Important Things That Happened Today
(and what to do about them)
1) Warren Buffett Says Stocks are Expensive, in the most polite and indirect way possible. What else can $120 billion in cash mean? If he has so much cash, why don’t you? Click here.
2) Canada Trade Talks Wobble, as they refuse to negotiate over agriculture. Do you think Canada will do better under this U.S. Congress or the next one? Volatility (VIX) spikes again. Click here.
3) Amazon Closes in on the next $1 Trillion Market Value, making Jeff Bezos worth $162 billion, and his original investors, his parents, worth $30 billion. And all I got from my kids was a used “Feel the Bern” T-shirt on my birthday. Click here.
4) Apple is Up 18.3% in August, adding $185 billion in market cap, or the GDP of a small country. If a portfolio manager didn’t own Apple this month, now 4% of the total American market, he’s screwed. Click here.
5) Core Inflation Hits the Fed’s 2% Target. Finally, after a 10-year wait, as consumers max out their credit cards. It means the Fed has to keep raising interest rates from here. Sell short those U.S. Treasury bonds (TLT)! Click here.
Published today in the Mad Hedge Global Trading Dispatch:
(MONDAY, OCTOBER 15, 2018, ATLANTA, GA,
GLOBAL STRATEGY LUNCHEON),
(WATCH OUT FOR BEARS!), ($INDU),
(MORE BIOTECH AND PHARMA STOCKS TO SOAK UP)