Mad Hedge Hot Tips
August 14, 2018
The Five Most Important Things That Happened Today
(and what to do about them)
Note to Paid Subscribers: As part of my never-ending quest to improve the Mad Hedge service, I am launching a new daily product called The Five Most Important Things That Happened Today (and what to do about them). It's all part of my under-promise, over-deliver strategy. The service is free for current paid subscribers. It is exactly what it says it is, and should boost your trading performance substantially. Enjoy!
1) Investors Continue to Pile Money into Deflation Plays. Since the 10-year U.S. Treasury bond yield (TLT) bottomed at 1.35% in June 2016, $130 billion had fled equities and $500 billion has poured into bonds, losing money. It's like driving 90 miles an hour only looking at the rearview mirror. It will all end in tears.
2) Home Depot Blows Out Q2 Earnings, but triggers a "Buy the rumor, sell the news." Same-store sales up 8%, vs. 6.6% expected, and H2 guidance is raised. Click here for details.
3) Turkey Retaliates by Banning U.S. Electronics Imports. Who cares? Most Turks own Samsung's anyway, but it does show the bitter fruit of trade wars. Click here for more.
4) Bitcoin Hits New 2018 Lows, Breaking $6,000. So, it WAS a Ponzi scheme after all, down 70% since December. For the bloody details click here.
5) Congressional Budget Office is Predicting Big Slowdown in 2019. Once the tax cuts are spent, it's all over but the crying. To see why click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(WHY BANKS HAVE PERFORMED SO BADLY THIS YEAR),
(JPM), (C), (GS), (SCHW), (WFC),
(HOW FREE ENERGY WILL POWER THE COMING ROARING TWENTIES),
(BUY ADVANCED MICRO DEVICES ON THE INTEL STUMBLE),
(AMD), (NVDA), (INTC)