Mad Hedge Hot Tips
February 21, 2019
The Five Most Important Things That Happened Today
(and what to do about them)
1) Fed Pause Lives! Or so the minutes from the January FOMC meeting imply. Lower interest rates for longer offer more benefits than risks. Less heat from the president too. Click here.
2) Will a China Trade Deal Resume the Fed’s Interest Rates Hiking Schedule? If they do you can kiss this rally goodbye. Still, that’s Q2 business. Click here.
3) Existing Home Sales Fall 1.2%, in January. Down three months in a row to a three year low. Get used to this. Housing is going to stay weak for a while. Click here.
4) Durable Goods Dive 1.2%, in January in a big surprise. Notice that virtually all economic data reports are turning negative. Recession, here we come! Click here.
5) Amtrak to End Long Distance Trains, in order to focus more capital spending on commuter trains. From now on, you’ll have to see America by bus. I’ll miss the California Zephyr, which carried me from Chicago to the coast, as well as the Starlight Express, which transported me in luxury from San Francisco to Seattle. Congress will vote on the matter by yearend. That clickety-clack still rings in my ears. Click here.
Published today in the Mad Hedge Global Trading Dispatch and Mad Hedge Technology Letter:
(SHORT SELLING SCHOOL 101),
(SH), (SDS), (PSQ), (DOG), (RWM), (SPXU), (AAPL),
(VIX), (VXX), (IPO), (MTUM), (SPHB), (HDGE),
(BUY AMD ON THE DIP),
(AMD), (NVDA), (INTC),