One of the most impressive moves in the wake of the Fed?s Thursday move to maintain ultra low interest rates was to be found in gold. In the run up to the flash headline on the Fed non-announcement, the yellow metal rocketed $40. The action was even more impressive in silver (SLV), which tacked on
Long time readers of this letter have known for years that the Alibaba IPO was coming, that it had massive implications for the market, and could well signal an interim market top. I?m sticking to my guns. You have to hand it to the underwriters of the company?s initial public offering, the largest in history.
Global Market Comments September 18, 2015 Fiat Lux Featured Trade: (SEPTEMBER 23 GLOBAL STRATEGY WEBINAR) (THANK YOU JANET YELLEN!), (SPY), (TLT), (WHY I?M CHASING THE EURO), (FXE), (EUO) SPDR S&P 500 ETF (SPY)iShares 20+ Year Treasury Bond (TLT)CurrencyShares Euro ETF (FXE)ProShares UltraShort Euro (EUO)
Email sent to Federal Reserve Governor Janet Yellen, 9-17-2015 2:30 PM EST: Dear Janet, A great big thank you to you! All is forgiven! I apologize for those snarky questions I used to ask at your San Francisco Fed press conferences years ago. And I don?t regret for a second all those times I walked
I?m not a person inclined to chase winning positions. Making money on one trade is certainly no guarantee that you will repeat the win on the next. Lightening doesn?t strikes twice in the same place. Well, actually it does sometimes, especially when it comes to selling short the Currency Shares Euro Trust (FXE). Selling short
Global Market Comments September 17, 2015 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 30 SAN FRANCISCO STRATEGY LUNCHEON) (THE RECEPTION THAT THE STARS FELL UPON)
Global Market Comments September 16, 2015 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 23 INCLINE VILLAGE, NEVADA STRATEGY LUNCHEON) (THE BULL MARKET IS ALIVE AND WELL), or (HOW TO SPOT A MARKET TOP), (SPY), (NFLX), (TSLA), (FB), (LEN), (TLT), (BAC) SPDR S&P 500 ETF (SPY)Netflix, Inc. (NFLX)Tesla Motors, Inc. (TSLA)Facebook, Inc. (FB)Lennar Corporation (LEN)iShares 20+ Year
It?s fall again, when my most loyal readers are to be found taking transcontinental railroad journeys, crossing the Atlantic in an a first class suite on the Queen Mary 2, or getting the early jump on the Caribbean beaches. What better time to spend your trading profits than after all the kids have gone back
What has to happen for even me to believe that the market is topping? I have a laundry list: 1) Retail buyers enter the stock market on a large scale. So far they are missing in action. 2) S&P 500 profits historically peak at 50% above the old high. In the last cycle they got
Global Market Comments September 15, 2015 Fiat Lux Featured Trade: (OCTOBER 12 PORTLAND, OREGON GLOBAL STRATEGY LUNCHEON), (THE COMING MARKET REACTION TO THE FED DECISION), (SPY), (VIX), (TAKING A BITE OUT OF STEALTH INFLATION), (SGG), (WEAT) SPDR S&P 500 ETF (SPY)VOLATILITY S&P 500 (^VIX)iPath Bloomberg Sugar SubTR ETN (SGG)Teucrium Wheat ETF (WEAT)
Up, then down, then up again. How about that? Will the Federal Reserve reverse their nine-year interest rate-cutting trend, or does it have another three months of life? Is global economic weakness, or the approach of US full employment first and foremost in the mind of my friend, Federal Reserve governor Janet Yellen? I?m sure
Global Market CommentsSeptember 14, 2015Fiat Lux Featured Trade:(A DAY IN THE LIFE OF THE MAD HEDGE FUND TRADER),(SPY), (SPX), (QQQ), (AAPL), (VIX), (FSLR), (SCTY), (TLT), (TBT), (FXE), (GLD), (GDX), (USO) SPDR S&P 500 (SPY)S&P 500 Index (SPX)PowerShares QQQ (QQQ)Apple Inc. (AAPL)VOLATILITY S&P 500 (^VIX)First Solar, Inc. (FSLR)SolarCity Corporation (SCTY)iShares 20+ Year Treasury Bond (TLT)ProShares UltraShort
Global Market Comments September 11, 2015 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 30 SAN FRANCISCO STRATEGY LUNCHEON) (CATCHING UP WITH DAVID TEPPER)
?Flat stocks is not a bad place to be right now,? said my friend, hedge fund legend David Tepper of Appaloosa Management LP. Those of a certain age will remember a TV commercial that instructed us that ?When EF Hutton talks, people listen. Today, they should be listening to Tepper. David argues that river of
Global Market Comments September 10, 2015 Fiat Lux Featured Trade: (FRIDAY, OCTOBER 23 INCLINE VILLAGE, NEVADA STRATEGY LUNCHEON) (PLEASE USE MY FREE DATA BASE SEARCH), (IS THIS THE BIG TRADE OF 2016?), (JJC), (DBA), (CORN), (CU), (USO), (KOL), (TESTIMONIAL) iPath DJ-UBS Copper SubTR ETN (JJC)PowerShares DB Agriculture ETF (DBA)Teucrium Corn ETF (CORN)First Trust ISE Global
Watching the entire commodity complex collapse in unison this year was nothing less than amazing, with many down 30% or more. And I mean the broader definition of commodity. It includes the base metals like copper (JJC), (CU), agricultural products (CORN), (SOYB), (DBA), precious metals (GLD), (SLV), and even energy (USO), (KOL). If you look
Global Market Comments September 9, 2015 Fiat Lux Featured Trade: (OCTOBER 12 PORTLAND, OREGON GLOBAL STRATEGY LUNCHEON), (THE BIPOLAR ECONOMY), (AAPL), (IBM), (INTC), (ORCL), (CAT), (HANGING OUT WITH THE WOZ), (AAPL), (TESTIMONIAL) Apple Inc. (AAPL)International Business Machines Corporation (IBM)Intel Corporation (INTC)Oracle Corporation (ORCL)Caterpillar Inc. (CAT)
Global Market Comments September 8, 2015 Fiat Lux Featured Trade: (SEPTEMBER 9 GLOBAL STRATEGY WEBINAR), (THE MAD HEDGE FUND TRADER LOSES MONEY!), (SPY), (XIV), (VIX), (HD), (UHAL), (TESTIMONIAL) SPDR S&P 500 ETF Trust (SPY)VelocityShares Daily Inverse VIX ST ETN (XIV)VOLATILITY S&P 500 (^VIX)The Home Depot, Inc. (HD)AMERCO (UHAL)
The month of August is now behind us, and it is all over but the crying. After a heroic effort, I traded the month to a near draw, posting a -0.90% loss, my first red ink of the year. Never mind that I would have turned positive if August had lasted a single day longer.
The wise JT is correct again.? Nice short on the S&P 500 (SPY). Dallas, Melbourne, Australia