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HOT TIPS

March 26, 2024

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The Entry Level Service for the Mad Hedge Fund Trader

The Five Most Important Things That Happened Today

(and what to do about them)

Leading Economic Indicator Rise,

for the first time in two years according to the Conference Board. (LEI) for the U.S. increased by 0.1 percent in February 2024 to 102.8 (2016=100), following a 0.4 percent decline in January. Over the six-month period between August 2023 and February 2024, the LEI contracted by 2.6 percent—a smaller decrease than the 3.8 percent decline over the previous six months. You can kiss your recession goodbye.

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Visa and MasterCard Reach Antitrust Settlement

with the US government. The deal that US merchants say will save them at least $30 billion over five years — in one of the most significant antitrust settlements ever, follows a legal fight that spanned almost two decades. Concessions are likely to crimp revenue of banks like (BAC) and (C). Buy (V) and (MA) on dips.

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Apple to Roll Out New AI Strategy,

at its June 14 developers conference. Apple typically reveals the latest versions of its iPhone, iPad, Mac, and Apple TV software at WWDC via a “keynote” video on the first day, led by CEO Tim Cook and other Apple staff. It could market the end of Apple’s long nightmare of antitrust, aging products, and falling sales.

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New Home Sales Drop,

0.3% in February in a surprising decline at a 662,000 annual rate on a signed contract basis. A spike in mortgage rates to 7.0% gets the blame. There was a 7.5% drop in the prices of new homes sold to $405,000. Inventories rose from 8.3 to a 8.5-month supply.

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Case Shiller Hits New All Time High,

with its 20-city National Home Price Index up 0.4% in January and 6.6% YOY. San Diego led, up 11.1% YOY, followed by Los Angeles at 8.6% and Detroit at 8.2%.  The median price of a resale home was $379,100 in January, and a newly built home was $414,900. U.S. home prices continued their drive higher.

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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

(THE DEATH OF THE MALL….NOT),

(SPG), (MAC), (TCO),

(QUANTITATIVE EASING EXPLAINED TO A 12-YEAR-OLD)


Mad Hedge Technology Letter

(REGULATIONS REGULATE TECH)

(AAPL), (GOOGL), (META)


Mad Hedge Biotech & Health Care Letter

(THE TOP DOG IN ANIMAL HEALTHCARE)

(ZTS), (AMGN), (PFE), (JNJ), (ELAN)


Mad Hedge Jacque's Post

(THE LONG-TERM INFLATION TARGET MAY BE 2%, BUT THE REALITY WILL LIKELY BE QUITE DIFFERENT)


Mad Hedge AI

ASK FT: THE FINANCIAL TIMES LEVERAGES AI TO POWER SUBSCRIBER INSIGHTS

 

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