Global Market Comments July 22, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or THE GREAT ROTATION IS ON)
I am sitting on the balcony of my chalet in Zermatt Switzerland with a river roaring past me sipping a glass of stiff cherry schnapps. Facing south, the Matterhorn towers above me. It is 4:00 AM and pitch black. Of course, I have nine hours of jetlag bedeviling me flying straight out from San Francisco.
Global Market Comments July 19, 2024 Fiat Lux Featured Trade: (THE BARBELL PLAY WITH BERKSHIRE HATHAWAY), (BRK/B)
“Either you figured it out in a day or two or you were dead,” said the late Battle of Britain Spitfire pilot, John Schooling, and my aerobatics instructor in England 40 years ago.
Global Market Comments July 18, 2024 Fiat Lux Featured Trade: (AUGUST 15, 2024 LONDON, ENGLAND STRATEGY LUNCHEON) (WHY GOLD IS GOING TO A NEW HIGH), (GLD), (GOLD), (NEM), (GDX)
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
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