Global Market Comments
May 14, 2026
Fiat Lux
Featured Trades:
(JOIN ME ON CUNARD'S QUEEN MARY 2 FOR MY FRIDAY, JUNE 19 TRANSATLANTIC SEMINAR AT SEA LUNCHEON)
(HOW TO READ THE MAD HEDGE DAILY POSITION SHEET)
“I looked all over the basement when I was at the White House, and there is no big lever you can throw to make things good again,” said Austin Goolsby, former chairman of the Council of Economic Advisors.
Global Market Comments
May 13, 2026
Fiat Lux
Featured Trades:
(THE TWO CENTURY DOLLAR SHORT),
(CNN’S JOHN LEWIS; THE DEATH OF A COLLEAGUE)
“We’ve seen the S&P 500 drop 50% twice in the last 15 years. That is the new normal”, said Richard Kang of Emerging Global Advisors.
Global Market Comments
May 12, 2026
Fiat Lux
Featured Trades:
(HOW TO HANDLE THE FRIDAY, MAY 15, OPTIONS EXPIRATION),
(SPY), (USO), (CAT)
"The things that affect the investment world so profoundly are the things that were not foreseen. If they could be foreseen ... anticipated and adjusted to and factored into prices, they wouldn't have that cataclysmic effect," said legendary investor Howard Marks of Oaktree Capital.
Global Market Comments
May 11, 2026
Fiat Lux
Featured Trades:
(THE MARKET OUTLOOK FOR THE WEEK AHEAD, or THE FOG OF INVESTMENT),
(META), (NVDA), (AMD), (MU) (AMZN), (GOOGL), (AAPL), (NVDA), (AVGO) (XLF), (XLV), (XLF), (XLV), (OWL), (APO), (MSTR), (C), (MS), (DHI), (XLV), (IBB)
“We don’t own anything really, we just borrow it,” said the late Ted Turner.
Global Market Comments
May 8, 2026
Fiat Lux
Featured Trades:
(MAY 6 BIWEEKLY STRATEGY WEBINAR Q&A),
(ET), (TK), (LNG), (USO), (UBER), (TSLA), (AMZN), (QQQ), (T), (VZ), (TMUS), (CCJ)
"The time to worry about the Fed is not when they go from accommodative to neutral, it is when they go from neutral to tight," said Bill Miller, the legendary former chairman and chief investment officer of Legg Mason Capital Management.
