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
Global Market Comments September 7, 2015 Fiat Lux Featured Trade: (THE AMERICAN ONSHORING TREND IS ACCELERATING), (GE), (TSLA), (TESTIMONIAL) General Electric Company (GE)Tesla Motors, Inc. (TSLA)
?Guys that are short, they better have a shovel to dig themselves out of the grave,? said legendary hedge fund manager, David Tepper, of Appaloosa Management.
Global Market Comments September 4, 2015 Fiat Lux Featured Trade: (SEPTEMBER 9 GLOBAL STRATEGY WEBINAR), (BLAME IT ALL ON THE RISK PARITY TRADERS!), (VIX), (SPY), (TLT), (THE BEST TESTIMONIAL EVER) VOLATILITY S&P 500 (^VIX)SPDR S&P 500 ETF Trust (SPY)iShares Trust - iShares 20+ Year Treasury Bond ETF (TLT)
Global Market CommentsSeptember 3, 2015Fiat Lux Featured Trade:(WILL THE MARKETS BOTTOM TOMORROW?),(SPY), (IWM), (QQQ), (VIX), (XIV),(THE GREAT SOCIAL SECURITY MARRIAGE BENEFIT YOU?VE NEVER HEARD OF) SPDR S&P 500 ETF (SPY)iShares Russell 2000 (IWM)PowerShares QQQ Trust, Series 1 (QQQ)VOLATILITY S&P 500 (^VIX)VelocityShares Daily Inverse VIX ST ETN (XIV)
Let the healing process begin! Having just barely missed tickling a new all time high in early August at $214, then tagging a cataclysmic low at $186 on August 24, the market has defined the range that it will settle into for the next 4-6 weeks. What then follows are a series of lower highs
Global Market CommentsSeptember 2, 2015Fiat Lux Featured Trade:(BETTING ON FALLING VOLATILITY),(SPY), (XIV), (SVXY), (VIX), (VXX),(THE BLOCKBUSTER READ IN THE HEDGE FUND COMMUNITY) SPDR S&P 500 ETF (SPY)VelocityShares Daily Inverse VIX ST ETN (XIV)ProShares Short VIX Short-Term Futures (SVXY)VOLATILITY S&P 500 (^VIX)iPath S&P 500 VIX ST Futures ETN (VXX)
I?m betting that sometime in my life, the Volatility Index (VIX) will trade below today?s $31. In fact, I expect it to trade back to the mid teens within the next two months. After spending years stuck in the $12-$15 range, it is nothing less than mind blowing to see it spike up to $31
Global Market CommentsSeptember 1, 2015Fiat Lux Featured Trade:(THE BEAR MARKET THAT ISN?T),(SPY), (INDU), (IWM), (GLD), (SLV)(HOW AN EL NINO WINTER WILL AFFECT YOUR PORTFOLIO),(CORN), (SOYB), (DBA), (MOO) SPDR S&P 500 ETF (SPY)Dow Jones Industrial Average (^DJI)iShares Russell 2000 (IWM)SPDR Gold Shares (GLD)iShares Silver Trust (SLV)Teucrium Corn ETF (CORN)Teucrium Soybean ETF (SOYB)PowerShares DB Agriculture ETF (DBA)Market
