Mad Hedge

HOT TIPS

December 3, 2025

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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)

ADP Loses 32,000 Jobs in November,

almost entirely by small businesses, which are getting wiped out by tariffs. They lost 120,000 jobs. The last four out of six months have been negative. Education gained 23,000. It increases the chances of a Fed interest rate cut next week.

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Apartment Rents are Falling,

as vacancies hit record highs. It’s due to an oversupply of new units and a slowdown in demand, especially from younger renters. This has led to record-high vacancy rates and the fourth consecutive month-over-month rent decline nationally, reaching a median of $1,367 in November 2025, according to Apartment List. The steepest declines have been seen in markets with high levels of new construction, such as some cities in the Sun Belt, while other areas with more limited supply have performed better.

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US Services PMI Comes in Flat.

The Institute for Supply Management said its non-manufacturing purchasing managers index was little changed at 52.6 last month from 52.4 in October. Economists polled by Reuters had forecast the services PMI slipping to 52.1. Services employment contracts for the sixth month. New orders drop, backlog orders are weak but improving.

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Silver Hits Yet Another New High,

at an incredible $58.65 an ounce. The metal has doubled in 2025 and hit a record high on Wednesday. Supply deficits, a weaker dollar, and concern over the state of the economy have pushed the metal to all-time highs. Silver got its latest boost after ADP reported a surprise decline in private payrolls for November. Buy (SLV) on dips.

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Delta Airlines Loses $200 Million on Government Shutdown,

and the other airlines were hit as well. The airline said the earnings impact would be approximately 25 cents a share for the current quarter. In October, Delta forecast adjusted fourth-quarter earnings of $1.60 to $1.90 a share. Travel demand, however, is still healthy, and bookings are strong going into 2026, Delta reiterated in a securities filing on Wednesday ahead of an industry conference.

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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

(CONTANGO IN THE (UVXY) EXPLAINED ONE MORE TIME),

(UVXY), (VIX), (SPY)

(TESTIMONIAL)

 

Mad Hedge Technology Letter

(HOW TO POSITION YOURSELF IN TECHNOLOGY STOCKS)

(AMAT), (PANW), (PLTR)

 

Mad Hedge Biotech & Health Care Letter

(OBITUARY WRITERS SHOULD CHECK THE EARNINGS CALL)

(ABBV)

 

Mad Hedge Jacque's Post

(THE AI BOOM SHOULD DRIVE GROWTH IN 2026)

 

Mad Hedge AI

THE GOOG, THE BAD, AND THE UGLY RICH

(GOOG), (NVDA), (MSFT), (META)

 

1974 in Tokyo

Futures trading involves a high degree of risk and may not be suitable for everyone.

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