Mad Hedge
HOT TIPS
Personal Consumption Expenditures Come in Warm
for March, up 2.8% YOY, the same as for February. Service prices led. But the numbers were not as hot as feared so both bonds and stocks rose.
April 26, 2024
Fiat Lux
The Entry Level Service for the Mad Hedge Fund Trader
The Five Most Important Things That Happened Today
(and what to do about them)
Activist Elliot Takes a Run at Mining Giant Anglo American,
accumulating a $1 billion stake. BHP is also making a takeover bid here on the coattails which Elliot is clearly trying to ride. It just highlights global interest in mining shares. Anglo American plc is a British multinational mining company that is the world's largest producer of platinum, with around 40% of world output, as well as being a major producer of diamonds, copper, nickel, iron ore, polyhalite, and steelmaking coal. On a side note, copper hit an all-time of $10,000 per metric tonne in the London Market this morning. Buy (FCX) and (COPX) on dips.
Alphabet Earnings Beat Delivers Monster 10% Move,
recovering a $2 trillion market cap. It also announced its first ever dividend and a $70 billion share buyback, the second largest after Apple.
Global Equity Funds Face Fourth Week of Outflows,
at $2.7 billion, far less than the $23 billion last week. Hopes of a Fed rate cut are fading beyond the horizon. U.S. equity funds experienced outflows of $1.2 billion, while European equity funds saw $6.3 billion leave during the week. Conversely, Asian markets, primarily driven by Japanese equity funds, recorded inflows of $5.1 billion.
CDC Birth Data Fall to Lowest Level Since the Great Depression,
1.1 births per 1,000 people. That is well below the Great Depression levels. Only 3,664,292 new Americans were born in 2021. It means there will be a shortage of consumers in 20 years so be out of stocks by then. The good news is that Covid deaths have fallen from 4,000 per day to only 19 since January of 2020.
Published today in the Mad Hedge Global Trading Dispatch, the Mad Hedge Technology Letter, the Mad Hedge Biotech and Health Care Letter, the Mad Hedge AI Letter, and Jacquie’s Post:
Global Trading Dispatch
(RISK CONTROL FOR DUMMIES) or (THE HEADS I WIN, TAILS YOU LOSE STRATEGY),
(SPY), (FCX), (NVDA), (TLT)
Mad Hedge Technology Letter
(RUNNING ON FUMES)
(ARKK), (NVDA), (ROKU), (TSLA)
Mad Hedge Biotech & Health Care Letter
(RACING TO SWAP A GOLDEN GOOSE FOR A NEW FLOCK)
(MRK), (NVO), (LLY), (JNJ), (ABBV), (PFE)
Mad Hedge Jacque's Post
(TECH OF THE FUTURE: THE WORLD IN 2050)
Mad Hedge AI
(Information Technology Leaders To Convene At The 2024 AI Training Summit For Financial Investigators)
Futures trading involves a high degree of risk and may not be suitable for everyone.
Copyright © 2023. Mad Hedge Fund Trader. All Rights Reserved.