Archive
Hot Tips
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September 14, 2021
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The Mad Hedge Traders & Investors Summit is on for September 14-16.
A collection of the 27 best traders and managers in the world, or eight a day, each giving an educational webinar. Back-to-back one-hour presentations are followed by an interactive Q&A. It’s a smorgasbord of trading strategies, so pick the one that is right for you. Covering all stocks, bonds, commodities, foreign exchange, precious metals, and real estate. It’s the best look at the rest of 2021’s money-making opportunities you will get anywhere. Oh, yes, and $100,000 in prizes will be given away. To view the schedule and speakers and register NOW, click here.
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The Consumer Price Index Rose by 5.3% YOY,
and up 0.3% in August. It was a seven-month low, with delta clearly a drag. Food and energy came in lighter than expected. Prices for used cars, air tickets, and insurance fell. Stocks loved it, rising triple digits, and bond prices halved losses. In next week’s FOMC, we’ll see how Jay really feels.
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House Looking at a Top 26.5% Corporate Tax Rate,
well up from the current 21% but not as high as the 28% that was feared. Capital gains would rise from 20% to 25%. The goal is to raise $2.5 trillion to get the $3.5 trillion spending package into law. It’s all a trial balloon for what might be possible. Stocks loved it.
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Apple Announces New Product Upgrades Today
for iPhones, Airpods, and Apple watches. The announcements in past years have market interim tips in the share price. The news comes in after the close. Revenues have been soaring this year, taking the shares up 37% since March. Buy (AAPL) on dips.
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Biggest Residential Loan Default in History
hits LA lenders for some $165 million. A home called “The One” had been on the market for $500 million but the buyers failed to show. The nine-bedroom, eight-bath mansion with a bowling alley on eight acres overlooking the city had been heavily hyped by the media for five years. It would make a Saudi prince blush. Talk about hubris squared.
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September 13, 2021
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The Mad Hedge Traders & Investors Summit is on for September 14-16.
A collection of the 27 best traders and managers in the world, or eight a day, each giving an educational webinar. Back-to-back one-hour presentations are followed by an interactive Q&A. It’s a smorgasbord of trading strategies, so pick the one that is right for you. Covering all stocks, bonds, commodities, foreign exchange, precious metals, and real estate. It’s the best look at the rest of 2021’s money-making opportunities you will get anywhere. Oh, yes, and $100,000 in prizes will be given away. To view the schedule and speakers and register NOW, click here.
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Antitrust Comes Home to Roost at Apple,
sending the stock down $9 in two days. A judge ruled that Apple will no longer be allowed to prohibit developers from providing links or other communications that direct users away from Apple in-app purchasing. Apple typically takes a 15% to 30% cut of gross sales. It’s a slap on the wrist as Apple’s main revenue stream is still from iPhones. The judge ruled in favor of Apple on nine of ten other issues. It creates massive new opportunities for hundreds of other Silicon Valley start-ups. Still, if you were looking for an excuse to take profits, this is it. Buy (AAPL) on dips.
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US Producer Prices Come in Hot,
up 8.3% YOY and 0.7% in August, an 11-year high. Supply chain shortages and wage increases are the big issues. Companies are having no problem passing costs on to consumers. Hold your breath for tomorrow’s Consumer price index.
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Tesla to Get EV Tax Credit Restored
in a new overhaul of alternative energy subsidies. Both Tesla (TSLA) and General Motors (GM) lost their $7,500 per car subsidies when sales topped 200,000. GM will get an extra $5,000 discount for union-made cars. Tesla is ferociously non-union. Maybe this explains the 36% rally since May. It should help (TSLA) reach its million-vehicle target for 2021 if it can get enough chips. Buy (TSLA) on dips.
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China Inflation Hits 13-Year High,
up 9.5% YOY. Soaring commodity and coal prices are the issue. Coal is up 57% YOY, reflecting an energy shortage during the Covid economic rebound. It predicts a hot CPI for the US on Tuesday.
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September 10, 2021
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Europe Tapers,
cutting back monthly Eurobond purchases Î60-Î70 billion a month. Governor Christine Lagarde believes any inflation is temporary and the time for emergency stimulus is over. Can the Fed be far behind?
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Facebook Launches Smart Sunglasses
for $299 in partnership with Ray-Ban. They can take pictures, record videos, and add augmented reality. It’s all Dick Tracy-type stuff. (FB) is at an all-time high, so keep buying the dips.
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Wells Fargo Hit with $250 Million Fine
for refusing to repay monies they stole from customers. This is the company that can’t get out of its own way. Buy (JPM), (BAC), and (C) for your banking bets.
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China Releases from its Strategic Oil Reserve,
sending oil to the mat. It’s partially in response to the cutoff in supplies to the global market caused by Hurricane Ida. China was a massive buying of oil 16 months ago when we saw those incredible negative prices. Buy low, sell high, sounds like something I should try out.
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New York to Ban Gasoline-Powered Cars by 2035.
It is also introducing incentives to reduce emissions by heavy trucks. It was the first action of the new governor Kathy Hochul, who is following the steps of California with the same targets. That’s 30% of the US GDP that hav banned gasoline. I never liked the stuff anyway.
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September 9, 2021
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Will a Bitcoin ETF Approval Spike the Market?
There are a dozen applications with the SEC for the first US-approved crypto ETF. When approved, billions of new cash will pile into Bitcoin off the back of the new improved legitimacy. Buy before the IPO, it’s a classic trading strategy.
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JOLTS Comes in at a Blockbuster 10.9 Million
in July, a new record high. This is the number of job openings in the private sector. Anyone who wants a job can get a job. Blame the education gap. The problem is that there is demand for 10.9 million website designers, computer programmers, and Internet marketers, and an endless supply of waiters and other restaurant workers.
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The Fed Says Growth Downshifted During the Summer
thanks to delta and a worker shortage according to the Beige Book release. We already knew that, and a five-point selloff in bonds is telling us that Covid is declining and growth is back on.
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Will Bitcoin Pay Interest?
Coinbase (COIN) is attempting to launch a loan product where lenders can earn interest. It follows on the heels of many other bitcoin quasi banking start-ups in the San Francisco Bay area paying interest rates as high as 8%. The SEC is trying the block it, threatening legal action, panicking over the runaway growth of cryptocurrencies.
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Bill Gates Buys the Four Seasons Hotels
from Saudi Arabia for $2.7 billion. It’s a great buy at this point in the cycle. Will my frequent flier points carry over? If Bill likes hotels, maybe you should too. Buy (WYNN) and (MGM), which recently gave up their gains thanks to delta.
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September 8, 2021
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The Mad Hedge Traders & Investors Summit is on for September 14-16.
A collection of the 24 best traders and managers in the world, or eight a day, each giving an educational webinar. Back-to-back one-hour presentations are followed by an interactive Q&A. It’s a smorgasbord of trading strategies, so pick the one that is right for you. Covering all stocks, bonds, commodities, foreign exchange, precious metals, and real estate. It’s the best look at the rest of 2021’s money-making opportunities you will get anywhere. To view the schedule and speakers, and to register NOW, click here.
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Apple Soars on Press Conference Announcement
for September 14, to a new all-time high. It may or may not introduce the iPhone 13, new airpods, and watch models. Keep buying dips if we ever get one. I am overdue for an upgrade, and I bet you are too. (AAPL) is already my second largest position after (GOOG).
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Tesla to Make Own Chips,
in a dramatic response to a structural global chip shortage that could last years. The news was good for a $30 pop in the stock this morning. Tesla is already one of the world’s largest chip users, and their needs are expected to jump 50-fold in the next ten years. The move justifies a much larger premium for the stock. It’s all about training the neural network.
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El Salvador Launch Bombs,
triggering a 10% correction, and as much as a 20% plunge in altcoins. Apparently, everyone in the country received their $30 in free bitcoin and then SOLD. Live in cryptoland long enough and moves like this become commonplace. What did the country’s president have to say? “Buy the dip.”
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PayPal Goes Global ….again,
buying Japan’s Paidy for $2.7 billion. Yet another move to stake out a global presence. Buy (PYPL) on dips.
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