Global Market Comments February 12, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or RAISING MY YEAREND TARGET TO (SPX) $6,000) (AAPL), (GOOGL), (META) (MSFT), (AMZN), (V), (PANW), (CCJ), (ARM), (USO), (XOM), (OXY), (INDA), (INDY), (FXI), (BABA), (NVDA), (TSA), (RCL)
When I announced my year-end target for the S&P 500 on the first of January, I knew it was cautious. That provided for only a 15% gain for 2024. Yet here we are a mere six weeks into the New Year, and we only have 10.4% to go. That is with the six lead stocks,
Global Market Comments February 9, 2024 Fiat Lux Featured Trade: (FEBRUARY 7 BIWEEKLY STRATEGY WEBINAR Q&A), (LLY), (FXI), (TSM), (BABA), (PLTR), (MSBHF), (SMCI), (JPM), (INDY), (INDA), (TSLA), (BYDDF), (NFLX), (META), (UNG)
Below please find subscribers’ Q&A for the February 7 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Silicon Valley, CA. Q: Have you ever flown an ME-262? A: There's only nine of the original German jet fighters left from WWII in museums. One hangs from the ceiling in the Deutsches Museum in Munich (click
The earth has been playing in heavy traffic for 4 billion years now, said Jeffrey Klugger, science editor of Time Magazine
Global Market Comments February 8, 2024 Fiat Lux Featured Trade: (A NOTE ON OPTIONS CALLED AWAY), (MSFT), (PANW), (V), (GOOGL), (CCJ)
I was awoken this morning by calls from Concierge members asking what to do when their Visa (V) options were 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
Global Market Comments February 7, 2024 Fiat Lux Featured Trade: (DUMPING THE OLD ASSET ALLOCATION RULES), (WHY WATER WILL SOON BE WORTH MORE THAN OIL)
What to do about asset allocation is the one question that I get every day which I absolutely cannot answer. The reason is simple: no two investors are alike. The answer varies whether you are young or old, have $1,000 in the bank or $1 billion, are a sophisticated investor or an average Joe, in
Global Market Comments February 6, 2024 Fiat Lux Featured Trade: (Trade Alert - (JPM) – LEAPS EXPIRATION)
EXPIRATION of the JP Morgan (JPM) January 2024 $130-$135 at-the-money vertical Bull Call spread LEAPS at $5.00 or max profit Closing Trade 1-19-2024 expiration date: January 19, 2024 Number of Contracts = 1 contract I am running through the expiration math on this LEAPS trade for you because we are going to do many more
Global Market Comments February 5, 2024 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or WELCOME TO THE DOTCOM BUBBLE PART II), (NVDA), (MSFT), (AMZN), (META), (GOOGLE), (FDX)
I remember back in 1990 when I was first starting my hedge fund in London England, one of the very first. I hired two Ph.D.’s in Mathematics from Cambridge University, and we started inventing one the first purely quantitative approaches to the stock market. We were playing around with statistical probability arbitrage and Monte Carlo
Global Market Comments February 2, 2024 Fiat Lux Featured Trade: (Trade Alert - (IBKR) – EXPIRATION)
Expiration of the Interactive Brokers (IBKR) December 2023 $80-$85 at-the-money vertical Bull Call debit spread LEAPS at $5.00 Closing Trade 12-15-2023 expiration date: December 15, 2023 Number of Contracts = 1 contract Just a reminder that for those who weren’t looking, our position in the Interactive Brokers (IBKR) LEAPS expired at its maximum potential profit
Global Market Comments February 1, 2024 Fiat Lux Featured Trade: (THE 16th YEAR ANNIVERSARY OF THE MAD HEDGE FUND TRADER)
The Diary of a Mad Hedge Fund Trader is now celebrating its 16th year of publication. Last year, I religiously pumped out 3,000 words a day, writing or editing 24 newsletters a week of original, independent-minded, hard-hitting, and often wickedly funny research. I spent my life as a war correspondent, Marine Corps combat pilot, Wall
Global Market Comments January 31, 2024 Fiat Lux Featured Trade: (TEN REASONS WHY STOCKS CAN’T SELL OFF BIG TIME), (SPY)
While driving back from Lake Tahoe last weekend, I received a call from a dear friend who was in a very foul mood. Following the advice of another newsletter that I won’t mention, he bailed out of all his stocks after the November 8 election. After all, wasn’t the Dow Average headed straight to 3,000?
Global Market Comments January 30, 2024 Fiat Lux Featured Trade: (THE HARD TRUTH BEHIND BUYING IN NOVEMBER), (NOTICE TO MILITARY SUBSCRIBERS)