Mad Hedge Hot Tips
January 17, 2019
The Five Most Important Things That Happened Today
(and what to do about them)
1) The December Fed Beige Book Comes in Moderate. “Trade war” is mentioned 20 times, but “government shutdown comes out only once. Inflation is low but companies can’t pass price increases on to consumers. Labor shortages are showing up everywhere but with few wage increases. The auto industry is flatlining. Click here.
2) Stocks are Breaking Out of Correction Territory, led by technology stocks. Are they discounting the end of the government shutdown, the resolution of the trade war with China, or both?
3) Snapchat CEO Resigns, after less than a year on the job, prompting fears about the digital imaging company’s survival. Our favorite technology short is now down 95% from the peak. Avoid (SNAP) like the plague. Click here.
4) McDonald’s Loses the “Big Mac” Trademark in Ireland. It turns out that local burger chain Supermac thought of it first. (MCD) lost a similar case in Scotland over “McDonald’s” name decades ago and had to pay $10 million. Click here.
5) Apple Cutting Back on Hiring. Fewer iPhone sales means fewer people to make them. I think I’ll keep my apple short. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WHAT HAPPENED TO THE DOW?)
($INDU), (EK), (S), (BS), (CVX), (DD), (MMM),
(FBHS), (MGDDY), (FL), (GE), (TSLA), (GM)
(WHY YOUR OTHER INVESTMENT NEWSLETTER IS SO DANGEROUS)
(WHY FINTECH IS EATING THE BANKS’ LUNCH),
(WFC), (JPM), (BAC), (C), (GS), (XLF), (PYPL), (SQ), (SPOT), (FINX), (INTU)