Fiat Lux
(and what to do about them)
orders the US Treasury. Every bailout comes with a pound of flesh. The banks have made billions off of stimulus loans, like the PPP. The banks rallied because the news wasn’t worse, like a mandatory 5% share giveaway, which happened last time. Buy banks like (JPM), (BAC), and (C) on an expected yield curve steepening.
as the first wave continues to grow exponentially. Apple is closing another 14 stores in Florida. This is going to weigh on the market until we see another peak. It looks like the last was a false summit, in climbers' lingo.
with a surprise Covid-19-related loss. The shares dove 4% in the aftermarket. Sitting at home all day on your rear end doesn’t wear out a lot of shoes. Avoid all retailers like the plague. The worst is yet to come.
It looks like everyone, as the demand will tax the cumulative manufacturing capacity of the entire industry. It’s another reason to pile into every dip in biotech, or subscribe to the Mad Hedge Biotechnology & Healthcare Letter. Watch out for the trade alerts.
and the shares go orbital as well. The company claims it will become profitable in 2021 when it stats taking wealthy passengers into low space. Avoid (SPCE). Your odds are better at the Kentucky Derby.
Published today in the Mad Hedge Global Trading Dispatch, the Mad Hedge Technology Letter, and the Mad Hedge Biotech and Healthcare Letter:
(THEY’RE NOT MAKING AMERICANS ANYMORE),
(GETTING READY FOR THE SECOND WAVE)
(DOCU), (TDOC), (NFLX), ($COMPQ)
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