Mad Hedge Hot Tips
April 18, 2019
The Five Most Important Things That Happened Today
(and what to do about them)
1) Bright US Retail Sales Give Market a Boost, up 1.6% in March, the most in 18 months. A rare positive data point on an otherwise dull economy. Click here.
2) Weekly Jobless Claims Hit New 50 Year Low, at 192,000, down 5,000 from last week. We are clearly in uncharted territory here. Is this the bubble low? Why won’t wages budge? Click here.
3) Union Pacific Beats. There may be some life in the old industrials yet, but only if you cherry-pick the best. Avoid US Steel (X). Click here.
4) Global PMIs Are Still Weak, with dismal reports from Asia and Europe. The US is still the bright shining light on the hill. Bad news for US exporters through. Notice that NASDAQ is down today. Click here.
5) William Barr Opines on No Collusion or Obstruction, says the attorney general cherry-picked for his views. What a surprise on the release of the 400-page Mueller Report where 20% of it is blacked out because of “harm to ongoing matter” which means 80 pages of pending prosecutions of the president. As predicted, the market impact is absolutely zero. This is really a news junkie’s game. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(SIX STOCKS TO BUY THAT ALWAYS MAKE MONEY),
(SPY), (IXUS), (EEM), (VNQ), (TLT), (TIP)
(NETFLIX’S WORST NIGHTMARE)
(NFLX), (DIS), (FB), (AAPL)