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
“Analysts don’t know preferred stock from livestock,” said Gordon Gekko in the classic film Wall Street.
Global Market Comments July 5, 2024 Fiat Lux Featured Trade: (TESTIMONIAL) (PLAYING THE SHORT SIDE WITH VERTICAL BEAR PUT SPREADS) (TLT)
Global Market Comments July 3, 2024 Fiat Lux Featured Trade: (MY OLD PAL, LEONARDO FIBONACCI), (TESTIMONIAL)
Global Market Comments July 2, 2024 Fiat Lux Featured Trade: (HOW MY MAD HEDGE AI MARKET TIMING ALGORITHM WORKS)
Since we have just taken in a large number of new subscribers from around the world, I will go through the basics of my Mad Hedge AI Market Timing Index one more time. I have tried to make this as easy to use as possible, even devoid of the thought process. When the index is
Global Market Comments July 1, 2024 Fiat Lux SPECIAL ISSUE ABOUT THE FAR FUTURE Featured Trade: (PEAKING INTO THE FUTURE WITH RAY KURZWEIL), (GOOG), (INTC), (AAPL), (TXN)
Global Market Comments June 28, 2024 Fiat Lux Featured Trade: (THE NEXT COMMODITY SUPER CYCLE HAS ALREADY STARTED), (COPX), (GLD), (FCX), (BHP), (RIO), (SIL), (PPLT), (PALL), (GOLD), (ECH), (EWZ), (IDX)
When I closed out my position in Freeport McMoRan (FCX) near its max profit earlier this year, I received a hurried email from a reader asking if he should still keep the stock. I replied very quickly: “Hell, yes!” When I toured Australia a couple of years ago, I couldn’t help but notice a surprising