Risk assets everywhere are now facing a good news glut. My 2024 market top target of 6,000 for the Dow S&P 500 is rushing ever forward with reckless abandon. Today’s price action really gives you the feeling that we have just seen a short-term blow-off market top. The stock market is turning into the Bitcoin
In my wealth management practice, you helped me finesse last October like a virtuoso. As my client’s investments were crashing through their stops…I hung on. Your sage counsel helped me ignore the noise, focus on the numbers and add to positions at a great entry point. The scar tissue you’ve built up over your career
“You can become rich by having more than you need, or by needing less than you have,” said a wise friend.
Global Market Comments April 15, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or VOLATILITY IS BACK!) (REMEMBERING TRINITY) (TLT), (TSLA), (NVDA), (FCX), (XOM), (WPM), (GLD), (FXI), (FXY), (USO), (GOOGL)
Those who expected markets to go up forever were given a rude awakening last week with a swift slap across the face with a wet kipper. The Volatility Index ($VIX) soared from $12 to $19 and higher highs will unfold this week. The Mad Hedge Market Timing Index dropped below 50 for the first time
“Nobody knew it was August 1982, the end of a bear market, until it was August 1984,” said Christopher Verrone, head of technical analysis at research boutique Strategas.
Global Market Comments April 12, 2024 Fiat Lux Featured Trade: (JULY 2 VANCOUVER CANADA STRATEGY LUNCHEON), (HOW TO HANDLE THE FRIDAY, APRIL 17 OPTIONS EXPIRATION), (AND MY PREDICTION IS….), (TESTIMONIAL)
Followers of the Mad Hedge Fund Trader alert service have the good fortune to own six in-the-money options positions that expire on Friday, April 19, and I just want to explain to the newbies how to best maximize their profits. This involves the: (FCX) 4/$37-$40 call spread (XOM) 4/$100-$105 call spread (OXY) 4/$59-$62 call spread
Global Market Comments April 11, 2024 Fiat Lux Featured Trade: (JOIN ME ON CUNARDS QUEEN ELIZABETH FOR MY JUNE 29 ALASKA SEMINAR AT SEA LUNCHEON) (RIGHT SIZING YOUR TRADING)
Global Market Comments April 10, 2024 Fiat Lux Featured Trade: (MAY 8 GALAPAGOS ISLANDS STRATEGY LUNCHEON) (WHY THE UNDERGROUND ECONOMY IS GROWING SO FAST)
“2024 will be the fourth year of living dangerously,” said Ed Yardeni of Yardeni Research.
Global Market Comments April 9, 2024 Fiat Lux Featured Trade: (APRIL 23 HAVANA CUBA STRATEGY LUNCHEON) (My Favorite Passive/Aggressive Portfolio) (ROM), (UYG), (UCC), (DIG), (BIB)
Global Market Comments April 8, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or THE WINDFALL YEAR), (FCX), (TLT), (TSLA), (NVDA), (FCX), (XOM), (WPM), (GLD), (CCJ), (META), (AMZN), (AN EVENING WITH TRAVEL GURU ARTHUR FROMMER)
This year seems to be the year of the windfall. In January, we loaded up on Big Tech (AMZN), (MSFT), which then went ballistic. In February, we doubled up on NVIDIA (NVDA), which then nearly doubled. In March, spotting the shift into commodities, energy, and precious metals we loaded the boat with gold Freeport McMoRan
"The greatest glory in living lies not in never falling, but in rising every time we fall." said the great American novelist, Earnest Hemingway.
Global Market Comments April 5, 2024 Fiat Lux Featured Trade: (APRIL 3 BIWEEKLY STRATEGY WEBINAR Q&A), (TSLA), (TLT), (GOLD), (GLD), (WPM), (NVDA), (OXY), (XOM)
Below please find subscribers’ Q&A for the April 3 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Key West, Florida. Q: What’s going on with gold (GLD)? A: Well it’s simple; gold hasn’t moved in a year and people want to rotate out of big tech into something that hasn’t moved. Gold has a
“When less experienced investors are panicking, seasoned investors see opportunities,” said legendary value investor Ron Baron.
Global Market Comments April 4, 2024 Fiat Lux Featured Trade: (A NOTE ON OPTIONS CALLED AWAY), (FCX), (XOM), (OXY), (WPM), (TSLA)
Occasionally, I get a call from Concierge members asking what to do when their short position options are assigned or called away. The answer was very simple: fall down on your knees and thank your lucky stars. You have just made the maximum possible profit for your position instantly. We have the good fortune to