Come join me for lunch for the Mad Hedge Fund Trader’s Global Strategy Update, which I will be conducting in London on Monday, June 29, 2022. A three-course lunch is included. This will be my first London Luncheon in six years.
I’ll be giving you my up-to-date view on stocks, bonds, currencies commodities, precious metals, energy, Bitcoin, and real estate.
And to keep you in suspense, I’ll be throwing a few surprises out there too. Enough charts, tables, graphs, and statistics will be thrown at you to keep your ears ringing for a week. Tickets are available for $329.
The lunch will be held at a private club on St. James Street, the details of which will be emailed to you with your purchase confirmation. I just checked with the club and as of today, masks are not required.
I look forward to meeting you, and thank you for supporting my research.
To purchase tickets for this luncheon, please click here.
https://www.madhedgefundtrader.com/wp-content/uploads/2022/04/London-1.png466620Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-10 12:04:322024-10-01 18:02:34SOLD OUT - Wednesday, June 29, 2022 London Strategy Luncheon
Due to overwhelming demand from readers, I am going to review the new Tom Cruise movie, Top Gun: Maverick.
I’m probably the only guy you will ever run into who has flown Mach 2.5 at 90,000 feet, and with 50 years of experience as a combat pilot, it’s safe to say I know my way around a cockpit, all of them.
For a start, they put Top Gun in the wrong state. The Naval Fighter Weapons School moved from North Island, San Diego to far cheaper Fallon Nevada in 1996, where I got my first Covid-19 shot.
But North Island definitely makes a much more scenic backdrop for a romantic backstory, the part where I fell asleep. I know it well and have given many speeches to graduating Top Gun and Naval Seal classes there over the years. You can’t beat those white sand beaches.
Let’s start with the stuff that doesn’t exist. The scramjet that Maverick takes to Mach 10.4 at the beginning of the movie probably won’t fly for another 20 years, it ever. In 2004, an unmanned test of the NASA X-43 scramjet did fly for ten seconds over the Pacific at Mach 10 and then crashed into the ocean.
There is work underway at the Lockheed Skunk Works at Edwards Air Force Base in California (you can see a skunk on the tail of Tom Cruise’s plane), but it’s so secret even I don’t know about it. My friend there, Kelly Johnson, passed away 32 years ago so no more inside tips. When this thing does fly, it will get you from New York to Tokyo in two hours.
The US does have a fifth-generation stealth fighter, the Lockheed Martin F-35 Lightning II that can go up against the Chinese Chengdu J-20 and the Russian Sukhoi-57 and beat them hands down. The F-35 can fly Mach 1.6. The movie implies only the enemy has these advanced planes, forcing our heroes to fly the ever-reliable, but constantly ungraded 44-year-old McDonnel Douglas F/A 18.
It is true that the military will pull old pilots out of retirement for special missions. I am a perfect example. When a pilot joins the military it’s for life and the only way to retire is to die in a crash. Maverick is retrieved from working on a WWII P51 Mustang, which I also fly.
This is because the military never throws anything out and will keep flying planes as long as they can find pilots. Our oldest flying B-52 Stratofortress is 70 years old, is slated to fly for 100 years in total, and was originally designed by Nazi Germany.
I thought the movie did a very accurate representation of high G-forces, which absolutely beat the crap out of you and are fatal above a reading of 10 where your internal organs explode. I have flown G-forces up to 10, and at that pressure, I weighed 2,000 pounds and my arms were so heavy I couldn’t reach the controls. I thought my Russian co-pilot was trying to kill me.
The same is true of the extreme aerobatics in the film, which are exhausting. Sometimes pilots have to be lifted out of their seats after such maneuvers.
Despite these factual transgressions, I enjoyed the movie, even though I spent half the movie saying to myself, “No way.” You can see they had massive support from the Navy and even had Blue Angle pilots flying the aerobatic and combat scenes (Tom Cruise was cut and pasted into the cockpit.) Sure, it was a stretch for them to steal a 52-year-old F-14 swing wing Tomcat and land it on a carrier. This is fiction after all. But it is all about us oldies.
That’s because many of the current Navy leadership were inspired to join by the first Top Gun movie in 1986 in which a much younger Tom Cruise also starred. It became the greatest Navy recruiting device of all time. It’s no surprise the Navy was all over this one like a wet blanket, lending them a squadron on F/A 18’s with real Top Gun pilots. How much did that cost?
Top Gun: Maverick has been far and away the biggest box office blockbuster of 2022 and signaled the return of many moviegoers for the first time since the pandemic. Call it a coming-out party for all of us. A Top Gun Barbie Doll has even hit the stores.
Sure Tom Cruise is getting old (59), but who am I to complain?
A Soviet Mig-29
My Russian Copilot
https://www.madhedgefundtrader.com/wp-content/uploads/2022/06/john-thomas-pilot.png486864Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-10 12:02:052022-06-10 13:43:48My “Top Gun: Maverick Review”
“Altitude above you, runway behind you, and fuel in tanks on the ground are utterly useless,” said presidential candidate George McGovern, a WWII B-24 Liberator pilot.
https://www.madhedgefundtrader.com/wp-content/uploads/2022/06/george-mcgovern.png350350Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-10 12:00:062022-06-10 13:40:30Quote of the Day - June 10, 2022
When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.Read more
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When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline.Read more
https://www.madhedgefundtrader.com/wp-content/uploads/2016/02/Alert-e1457452190575.jpg135150Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-10 10:10:452022-06-10 10:16:14Trade Alert - (AMZN) June 10, 2022 - SELL-STOP LOSS
No advancement in the biotechnology and healthcare sector is quite as mysterious, promising, and powerful as CRISPR.
It has long captivated the attention and imagination of serious scientists and researchers alongside the media and the public. It’s an understatement to say that it’ll be a significant area of development for decades to come, thanks to its capacity to remodel our genetic code accurately.
Among the frontrunners in the burgeoning CRISPR segment are CRISPR Therapeutics (CRSP) and Editas Medicine (EDIT).
Both biotechs have promising pipelines packed with innovative and potential cures for previously incurable genetic conditions.
The CRISPR programs appear to be the most advanced among their candidates despite still being in the early stages.
Nevertheless, any progress reported could likely push the entire CRISPR group to surge substantially.
Fortunately for this sector, there are at least two major catalysts in 2022.
CRISPR Therapeutics, which leverages the CRISPR technique, aims to submit its blood disorder treatment candidate, CTX001, for regulatory review by the end of 2022.
This program, which is developed in collaboration with Vertex Pharmaceuticals (VRTX), specifically plans to target sickle cell disease and beta-thalassemia.
So far, results have been positive, and the consensus is that it’s only a matter of time before both companies finally launch the much-awaited treatment commercially.
Another catalyst opportunity for CRISPR stocks this year is from Editas Medicine.
While this stock is not as popular as CRISPR Therapeutics, I think it holds the potential to become a massive star in the CRISPR gene-editing sector. What makes this biotech fascinating is the sheer number of candidates in its pipeline and the variety of options and applications they have for the technology.
At this point, Editas is focused on exploring the application of its in-vivo CRISPR genome editing therapy, called EDIT-101, to patients suffering from Leber congenital amaurosis 10 (LCA10).
LCA10 is an inherited and severe eye disorder that primarily affects the cornea and leads to a severe loss of vision or even blindness at an early age. This is caused by the mutation of the CEP290 gene.
This condition is an ideal target for Editas because CEP290 gene mutation can be found among 20% to 30% of LCA10 patients.
More than that, there is no existing approved treatment for it. This means that if Editas successfully completes the clinical trials for EDIT-101, it will possess a monopoly of this market.
Thus far, Editas has been delivering promising results on this treatment, and shareholders can expect definitive results from the study by the second half of 2022. Needless to say, positive data from the trials would tremendously boost Editas shares.
Aside from EDIT-101, Editas is also working on EDIT-301, which could be a competitor of CRISPR Therapeutics and Vertex’s CTX001.
However, the more exciting development for Editas is its advanced cell treatments in the oncology sector.
Recently, Editas announced its new gene-editing technology, called “SLEEK,” which means SeLection by Essential-gene Exon Knock-in.
This is groundbreaking because it improves cell therapies in a couple of factors. For example, it can deliver better knock-in of trans gene cargos. This means that SLEEK is more efficient in terms of artificially introducing a new gene into the genome of a patient.
It remains to be seen how Editas plans to take advantage of SLEEK in its future candidate. One thing’s for sure, though; this biotech has multiple shots on goal, making it hard for Editas to miss.
Taking all these into consideration, it’s safe to say that it’s not yet too late for investors to position themselves for lucrative long-term gains courtesy of these CRISPR stocks.
Despite the sharp decline in the gene-editing biotechnology sector over the past months, practically all the applications of CRISPR technology remain untapped to this day.
The most convincing tailwind for CRISPR-focused stocks is that the market for CRISPR-based treatments is estimated to multiply in value by approximately 13-fold between 2019 and 2030.
For that target to be reached, cutting-edge biotechnology companies should step up and develop the first generation of CRISPR-centered treatments. Considering where things stand right now, it looks like they are on the right track.
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png00Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-09 18:00:152022-06-28 23:18:01The Future of Biotech is in Good Hands
It’s a bad omen when crypto exchanges pull back from hiring and I am not talking about just a few people.
Drastic cuts are taking place as we speak in crypto land.
It was just a few years ago when no number of crypto hires could satisfy labor demand.
Yet, sadly, when an asset class has no cash flow, the effects to the downside can be quite nasty and often overshoot.
In an about-face that really shows investors the current dilemma in the crypto ranks, it will be a long time before crypto companies will feel the urge to ramp up labor capacity as they did when crypto surged to $65,000 per BTC.
Interest rates will need to be a lot lower as well since BTC has proven to perform well during a time of low inflation and cheap capital.
BTC has languished at around $30,000 during this bear market rally and it could signal that it won’t take part in the recovery.
Much of the capital has gone to safer pastures like the US dollar which has been a solid outperformer this year.
An even better outperformer would be energy stocks.
They have really set the pace for all asset classes in 2022 to the detriment of cryptocurrencies.
Gemini crypto exchange founders Cameron and Tyler Winklevoss are laying off 10% of the workforce at Gemini, a first for the U.S.-based cryptocurrency exchange and custodian.
They described it as a “contraction phase” known as “crypto winter,” which has been “further compounded by the current macroeconomic and geopolitical turmoil.”
Fellow crypto exchange Coinbase recently reported that revenue had fallen 27% from a year ago.
The last so-called crypto winter ran from 2018 into the fall of 2020 as the value of cryptocurrencies plunged and layoffs were rife.
L.J Brock, chief people officer at Coinbase, announced that Coinbase will not only extend its hiring pause for the foreseeable future but also rescind accepted offers.
The 180 rescinded offers are a bad look for the crypto industry yet again.
The industry is confronted with a barrage of legitimization issues and a tendency of creating poor business practices.
At the start of 2022, Coinbase’s plan was to boost its staff by 2,000. The company added 1,218 employees in the first quarter of 2022 alone, bringing its total headcount to 4,948.
Other fintech start-ups such as Robinhood and BitMEX have recently cut staff.
As many as 80% of tech workers are considering looking for another job, and more than half have actually applied for one since March.
It’s not surprising that a speculative asset class will shed workers at a time when the price of crypto has gone nowhere.
Higher prices lure in the incremental crypto investor and when that disappears, times can be lean.
Many of the investors that came in at the peak are sitting on huge losses and it’s hard to see where the next incremental investor will come from.
The crypto industry finds itself in a transition stage where the narrative has switched from the price of its bellwether coin to the infrastructures health and future regulation.
Many investors looking for that jet fuel to take BTC to $100,000 have left the building after the conditions which set BTC on fire have been quickly extinguished.
Now we are set for this painful transition stage where a speculative asset treads water and attracting the next undecided crypto investors becomes harder and harder until the infrastructure and use case improve.
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png00Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-09 16:02:042022-06-09 16:04:18Crypto Sacks Its Workforce
“There are two kinds of companies, those that work to try to charge more and those that work to charge less. We will be the second.” – Said Founder and CEO of Amazon Jeff Bezos
https://www.madhedgefundtrader.com/wp-content/uploads/2022/06/jeff-bezos.png404382Mad Hedge Fund Traderhttps://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.pngMad Hedge Fund Trader2022-06-09 16:00:412022-06-09 16:00:52Quote of the Day - June 9, 2022
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