Gold has been one of the better-performing asset classes this year. And here’s the good news. It’s only just begun. Cut US dollar interest rates in the least and the greenback takes a hit. That is a major gold positive. Trapped in a narrow trading range for three years, the yellow metal has suddenly become
“There is no vaccine for credit losses….bank provisions will be in the trillions,” said bank analyst Chris Whelan.
Global Market Comments July 17, 2024 Fiat Lux Featured Trade: (AUGUST 5 VILNIUS LITHUANIA STRATEGY LUNCHEON) (COULD YOU QUALIFY TO BECOME A U.S. CITIZEN?)
The recent Fourth of July celebration brings back memories of my late wife’s campaign to become an American citizen 30 years ago. Kyoko originally came from Japan. Part of the process required a verbal quiz about U.S. history and government. Our family spent a year energetically prepping her, with nightly grillings over dinner about the
"If there were no way to short stocks, the probability of stock market bubbles would be much greater," said hedge fund manager Bill Ackman of Pershing Square.
Global Market Comments July 16, 2024 Fiat Lux Featured Trade: (FRIDAY, JULY 26, 2024 ZERMATT, SWITZERLAND STRATEGY LUNCHEON) (THE KINDLE EDITION OF THE JOHN THOMAS BIO IS OUT)
Come join me for the Mad Hedge Fund Trader’s Global Strategy Luncheon, which I will be conducting high in the Alps in Zermatt, Switzerland. The event begins at 12:00 noon on Friday, July 26, 2024. A three-course meal will be provided and there will be an open discussion on the crucial issues facing investors
Global Market Comments July 15, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or SEA CHANGE), (BB RATED BANKS LOANS), and (RESCUING THE USS POTOMAC), (TLT), (JNK), (SLRN), (BRLN), (BKLN), (FFRHX), (WES), (CCI), (GLD), (DE), (BRK/B), (TSLA), (NVDA).
I believe there was a major sea change in the markets last week, which has taken the economy from inflation to deflation. All asset classes performed as they should, with some extreme moves. It is now time to focus on the 493 of the S&P 500 and let the Magnificent Seven take a long-needed rest.
Global Market Comments July 11, 2024 Fiat Lux Featured Trade: (JULY 10 BIWEEKLY STRATEGY WEBINAR Q&A), (TSLA), (NVDA), (COPX), (CMG), (TLT), (TBT)
Below please find subscribers’ Q&A for the July 10 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village NV. Q: Is the Fed waiting too long to cut interest rates? A: Yes, they are. We are on a recession track if the Fed doesn’t move soon. In other words, the light at the
“No matter who wins the election, we still have a lot of wood to chop. There is no way we continue to run huge deficits without a severe market consequence,” said my old friend and former client, Leon Cooperman, CEO of mega hedge fund Omega Advisors.
Global Market Comments July 10, 2024 Fiat Lux Featured Trade: (DINNER WITH DAVID POGUE), (TSLA)
The last public event I attended before the pandemic hit was a dinner with David Pogue, the Science and Technology writer for the New York Times. It was a night well spent. David believes that climate change is no longer an “if”, or a “maybe” but a certainty. The sooner we start adapting our lives
“We weren’t treated as humans. We weren’t even treated as robots. We were all just part of the data stream,” said one of 600,000 Amazon fulfillment center workers.
Global Market Comments July 9, 2024 Fiat Lux Featured Trade: (ALL THAT GLITTERS IS NOW NOT COPPER) (FCX), (COPX)
Those who followed recommendations to bet heavily in copper plays over the last two years have been handsomely rewarded. Since the move began, Freeport McMoRan (FCX), the top copper producer in the world, has more than doubled. The logic was very simple. Booming EV sales and the needed tripling of the electrical grid assured that
“There is a better chance that hockey is banned in Thunder Bay, Ontario, than the USA seeing a sustained 4% GDP growth rate when oil is above $100/barrel,” said Keith R. McCullough, CEO of Hedgeye Risk Management.
Global Market Comments July 8, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, and NORTH TO ALASKA), (NVDA)
Yes, I’m back from the Frozen Wasteland of The North. Except it was anything but a wasteland. It was far more beautiful than I remember 57 years ago. In a world beset with accelerating change everywhere, Alaska is unchanged from the primordial age. It is a natural paradise blessed with spectacular scenery and filled with