Mad Hedge Hot Tips
February 1, 2019
The Five Most Important Things That Happened Today
(and what to do about them)
1) January Nonfarm Payroll Surprises at 304,000. However, December was revised down by 90,000, so the market response was muted. The headline unemployment rate rises to 4.0%. Is the bottom in? Click here.
2) Weekly Jobless Claims Up a Stunning 53,000 to 253,000, an 18-month high. While government workers can’t claim, their private subcontractors can, hence the massive shutdown-driven jump. Click here.
3) US Coal Production Hits a 39-Year Low, as it is steadily replaced by natural gas and solar. A 19th-century energy source meets a 19th-century fate. Avoid (KOL) like the plague, buy Tesla (TSLA). Click here.
4) Amazon Appalls, with record earnings but surprisingly weak guidance. Stock dives $90. Buy the dip. This is only a short-term hickey. There is a double in Amazon from here, despite the divorce. Click here.
5) Why are all Major Companies Reporting Good Earnings but Cautious Guidance? Are they reading the newspapers, or do they know something we don’t? Not a great sign of a continuing bull market. Sell the next capitulation top.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(THE DEATH OF KING KOL),
(THE BRAVE NEW WORLD OF ONLINE RETAILING),
(SNAP), (GPRO), (APRN), (SFIX)