I bought a tall caramel macchiato at Starbucks the other day. When I handed over a crisp $100 bill, the cashier’s response set me back. “Oh, dinosaur money.” I have to tell you that after speaking to US Treasury officials for a half-century, there is one thing I know for sure. The government absolutely hates
Global Market Comments February 4, 2019 Fiat Lux Featured Trade: (THE MARKET FOR THE WEEK AHEAD, or FROM PANIC TO EUPHORIA), (SPY), (TLT), (AAPL), (GLD),
What a difference a month makes! In a mere 31 days, we lurched from the worst December in history to the best January in 30 years. Traders have gone from lining up to jump off the Golden Gate Bridge to ordering Dom Perignon Champaign on Market Street. However, not everything is as it appears. The
Global Market Comments February 1, 2019 Fiat Lux Featured Trade: (THE DEATH OF KING COAL), (KOL), (PEA), (THE BRAVE NEW WORLD OF ONLINE RETAILING), (SNAP), (GPRO), (APRN), (SFIX)
Global Market Comments January 31, 2019 Fiat Lux Featured Trade: (MARKET GETS A FREE PASS FROM THE FED), (SPY), ($INDU), (TLT), (GLD), (FXE), (UUP), (APPLE SEIZES VICTORY FROM THE JAWS OF DEFEAT), (AAPL)
When the Oxford English Dictionary considers the Word of the Year for 2019, I bet “PATIENCE” will be on the short list. That was the noun that Federal Reserve governor Jerome Powell had in mind when describing the central bank's current stance on interest rates. Not only did Powell say he was patient, he posited
After an almost 40% swan dive, Apple has found solid footing at these levels for the time being. 40% seems to be the magic number. Declines ALWAYS end at 40% with Apple. About time! It’s been an erratic last few months for the company that Steve Jobs built and this last earnings report will go
Global Market Comments January 30, 2019 Fiat Lux Featured Trade: (WHY WATER WILL SOON BE WORTH MORE THAN OIL), (CGW), (PHO), (FIW), (VE), (TTEK), (PNR), (WHY WARREN BUFFETT HATES GOLD), (GLD), (GDX), (ABX),
Global Market Comments January 29, 2019 Fiat Lux Featured Trade: (RISK CONTROL FOR DUMMIES), (SPY), (AMZN), (TLT), (CRM), (VXX)
There is a method to my madness, although I understand that some new subscribers may need some convincing. Whenever I change my positions, the market makes a major move or reaches a key crossroads, I look to stress test my portfolio by inflicting various extreme scenarios upon it and analyzing the outcome. This is second
Global Market Comments January 28, 2019 Fiat Lux Featured Trade: (THE MARKET FOR THE WEEK AHEAD, or IT’S FINALLY OVER) (SPY), (TLT), (FXE), (MSFT), (AAPL), (PG), (F), (LRCX), (AMD), (XLNX)
Last week, I was too busy to cook dinner for my brood, so I ordered a pizza delivery. When an older man showed up with our dinner, I told the kids to tip him double. After all, he might be an unpaid federal air traffic controller. It is a good thing I work late on
Global Market Comments January 25, 2019 Fiat Lux Featured Trade: (JANUARY 9 BIWEEKLY STRATEGY WEBINAR Q&A), (TSLA), (EDIT), (NTLA), (CRSP), (SJB), (TLT), (FXB), (GLD), (THE PRICE OF STARDOM AT DAVOS)
Below please find subscribers’ Q&A for the Mad Hedge Fund Trader January 23 Global Strategy Webinar with my guest and co-host Bill Davis of the Mad Day Trader. Keep those questions coming! Q: Would you buy Tesla (TSLA) right now? A: It’s tempting; I’m waiting to see if we take a run at the $250-$260 level that we saw at
It’s that time of year again when finance ministers, central bank governors, hedge fund managers, and assorted rock stars hold their annual confab high in the Alps at Davos, Switzerland. When I was a director of one of the largest banks in Switzerland, I found myself a frequent visitor to the Alpine village of Davos.
Global Market Comments January 24, 2019 Fiat Lux Featured Trade: (FROM THE FRONT LINES OF THE TRADE WAR), (AAPL), (AVGO), (QCOM), (TLT), (HOW THE MAD HEDGE MARKET TIMING ALGORITHM TRIPLED MY PERFORMANCE),
“First you get the exam, then you get the lesson. You learn after the mistakes you make,” said technical analyst Carter worth about options trading.
Global Market Comments January 23, 2018 Fiat Lux Featured Trade: (PLAYING THE SHORT SIDE WITH VERTICAL BEAR PUT SPREADS), (TLT) (WHY TECHNICAL ANALYSIS DOESN’T WORK) (FB), (AAPL), (AMZN), (GOOG), (MSFT), (VIX)
Global Market Comments January 22, 2019 Fiat Lux Featured Trade: (THE MARKET FOR THE WEEK AHEAD, or WHY I LOVE THE STOCK MARKET), (SPY), (TLT), (MSFT), (CRM), (AMZN), (FXE) (HOW TO EXECUTE A VERTICAL BULL CALL SPREAD), (AAPL)
I love working in the stock market. Not only can it be entertaining, it can be downright hilarious. All of the talking heads on TV who were ultra bearish on the December 24 Christmas Eve Massacre are now hyper bullish, stumbling over each other trying to buy back the shares they sold 20%-30% lower. January