Mad Hedge Hot Tips for May 10, 2019

Mad Hedge Hot Tips
May 9, 2019
Fiat Lux

The Five Most Important Things That Happened Today
(and what to do about them)

 

1) Tariffs Hit and the Market Goes into Free Fall. It's all about the trade war now, everything else is meaningless. (SPY) is clearly gunning for the 200-day moving average at $275, down 6.8% in a week, after posting the worst week of 2019. Click here.

2) Bonds Challenge New Highs for the Year, taking ten-year US Treasury yields down to 2.43%. German Bunds crater to negative numbers at -0.05% and Japanese government bonds to -0.06%. Why are bonds discounting a recession? Click here.

3) Weekly Jobless Claims Post Modest Fall, down 2,000 to 228,000. As if anyone cared. Holding on to last week’s huge jump is disturbing. Click here.

4) Uber Valued at $82 Billion, a big haircut from earlier indications, in what is certainly the worst timed IPO of the year. You never want to launch an IPO after a stock market crash and a labor strike. Can’t wait to see how the aftermarket trades. Indications down 5%. Click here.

5) SALT Tips. Heard at the Las Vegas SALT conference, Millennials will inherit $30 trillion by 2025 and will account for 75% of the workforce then.

Published today in the Mad Hedge Global Trading Dispatch:

(A NOTE ON OPTIONS CALLED AWAY),

(TLT),

(TRADING THE NEXT KOREAN WAR)