In the end, it proved to be a one-stock market. As I expected, once the NVIDIA earnings were out it proved to be not only the top for (NVDA), but also for every other stock and asset class. It was “risk off” with a vengeance. The Dow ($INDU) and S&P 500 (SPY) suffered their worst
Global Market Comments May 24, 2024 Fiat Lux Featured Trade: (WELCOME TO THE PAX AMERICANA)
1) A huge demographic tailwind has kicked in during the 2020’s 2) The last time this happened was during the 1980’s when stocks rose twentyfold 3) Don’t believe today’s doomsayers, America is the first place to invest and will remain so for decades 4) It all sets up a Pax Americana that could continue for
“I wouldn’t want to see everyone get down to where Detroit is before we declare a bottom in residential housing,” said David Blitzer, former chairman of the S&P 500 Index Committee.
Global Market Comments May 23, 2024 Fiat Lux Featured Trade: (BEHOLD THE POWER OF THE NVIDIA LEAPS) (NVDA)
I know that most of you bought my recommendation on September 29, 2022, to buy the NVIDIA (NVDA) January 2025 $270-$280 out-of-the-money vertical Bull Call spread LEAPS at $0.50 or best, so I thought I’d give you an update. Since I sent out this trade alert, (NVDA) shares have catapulted from $127 to $1,050, a
"I had no idea Amazon would produce this kind of performance. I blew it," confessed Oracle of Omaha Warren Buffett.
Global Market Comments May 22, 2024 Fiat Lux SPECIAL MASTER LIMITED PARTNERSHIP ISSUE Featured Trade: (THE REBIRTH OF THE MASTER LIMITED PARTNERSHIP), (USO), (AMLP), (FPL), (MLPX), (WES), (ET)
There was probably no more broken promise in the investment world over the last several years than that energy master limited partnerships (MLPs) would hold up even if the price of oil fell. These guys were toll takers, it was said, and profited from the volume of crude pumped through their pipelines. The price of
Global Market Comments May 21, 2024 Fiat Lux Featured Trade: (TESTIMONIAL) (UPDATE ON THE (WPM) JANUARY 17, 2025 $42-$45 LEAPS)
Those were really great trade that just expired, the longs in gold (GLD) and silver (SLV) and the short in Microsoft (MSFT). I made some good money. Thankyou. Enjoy the weekend. Richard Fitchburg, Wisconsin Standing Astride the Equator in Ecuador
For those of you fortunate enough to get into the January 17, 2025 $42-$45 vertical bull call debit spread LEAPS when I first recommended them ten months ago on July 25, 2023, you are now at 71% of your maximum potential profit. That means the LEAPS you bought for $1.40 last year is now worth
“Gold is my cash. Over the long term it is not the best investment. But when you are having a monetary crisis it should be part of every portfolio,” said hedge fund legend, Ray Dalio of Bridgewater Associates.
Global Market Comments May 20, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or DOW 40,000 AND HANGING WITH THE AMAZON HEADHUNTERS) (TLT), (JNK), (WES), (ET), (GLD), (SLV), (MSFT), (NVDA), (AAPL), (SPY), (FXI), (COPX), (FCX)
When I entered the stock market in 1982 when the Dow was at 600 and you told me the Average would reach 40,000 in 42 years, I would have thought you delusional, out of your mind, and stark raving mad. Yet, here it is 2024 and here we are, with the index up an eye-popping
“Our economic machine really works. It’s worked since 1776….Look at any milestone you want to pick, and over time it’s gotten so much better,” said Oracle of Omaha, Warren Buffett.
Global Market Comments May 17, 2024 Fiat Lux Featured Trade: (MAY 15 BIWEEKLY STRATEGY WEBINAR Q&A), (GME), (CCI), (ABNB), (TLT), (TSLA), (LMT), (RTX), (USO), (GLD), (GOLD), (WPM)
Below please find subscribers’ Q&A for the May 15 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, NV. Q: Is it time to get out of the 94/97 (TLT) spread? A: No. We're getting close to a stop, but I think markets will peak out in the next couple of days and
“Man, it feels more and more like 1999 every day. Risk is being discounted tremendously,” said venture capitalist, Bill Gurley.
Global Market Comments May 16, 2024 Fiat Lux Featured Trade: (THE COMMODITY SUPER CYCLE HAS ALREADY STARTED), (COPX), (GLD), (FCX), (BHP), (RIO), (SIL), (PPLT), (PALL), (GOLD), (ECH), (EWZ), (IDX)