I often get asked why I am still working after 55 years in the stock market. With five customers calling me this morning to thank me for saving their retirement funds, you might understand why. It is now clear that in retrospect and with the wisdom of 20/20 hindsight, corporate America flipped the switch on
Global Market Comments April 4, 2025 Fiat Lux Featured Trade: (APRIL 4 BIWEEKLY STRATEGY WEBINAR Q&A), (DAL), (LCID), (RIVN), (MSTR), (PLTR), (AAPL), (GLD), (TSLA), (SLV), (SPY)
Below please find subscribers’ Q&A for the April 2 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, NV. Q: Why are there days when both bonds and interest rates are going up? A: Well, there is a tug-of-war going on in the bond market. When recession fears are the dominant theme of
Global Market Comments April 3, 2025 Fiat Lux Featured Trade: (A NOTE ON OPTIONS ASSIGNED OR CALLED AWAY) (NVDA), (COST), (TSLA)
I just received an excited text message from an excited Concierge client. His long position in the (NVDA) April 17 2025 $90-$95 vertical bull call debit spread had just been called away. That meant he would receive the maximum profit a full 10 trading days before the April 17 option expiration. Whoever called away the
“Stock prices have reached what looks like a permanently high plateau,” said economist Irving Fisher….just before the 1929 stock market crash.
Global Market Comments April 1, 2025 Fiat Lux Featured Trade: (REVISITING THE FIRST SILVER BUBBLE), (SLV), (SLW)
With a new bull market in silver (SIL) now underway, I thought I’d delve back into the ancient past to the last major bubble in the white metal. If you like gold, you absolutely have to love silver. That’s because the white metal has a much higher beta than its yellow cousin, both of which
"What is currently happening is that we have a lot of noise around what is uneconomic. When the economic stuff starts happening, like tax cuts, that will feed into real things, like cash flow and earnings," said Bill Miller, chairman of LMM Investments.
Global Market Comments March 31, 2025 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or STAGFLATION IS ON!) (COST), (BRK/B), (GS), (MS), (NVDA), (AMZN), (TLT), (GLD), (GM), (TSLA)
There is no doubt that the data released out on Friday were a complete disaster for stock investors. The Dow Average futures posted a 1,000-point swing, from up 200 in the overnight markets to down 800 intraday. Specifically, the Consumer Price Index came in at a hot 0.4%, which is 4.8% annualized. Five-year Inflation Expectations,
“Life is too short to hang out with people who aren’t resourceful,” said Jeff Bezos, the founder of Amazon.
Global Market Comments March 27, 2025 Fiat Lux Featured Trade: (HOW TO GAIN AN ADVANTAGE WITH PARALLEL TRADING), (GM), (F), (TM), (NSANY), (DDAIF), BMW (BMWYY), (VWAPY), (PALL), (GS), (EZA), (CAT), (CMI), (KMTUY), (KODK), (SLV), (AAPL)
One of the most fascinating things I learned when I first joined the equity trading desk at Morgan Stanley during the early 1980s was how to parallel trade. A customer order would come in to buy a million shares of General Motors (GM), and what did the in-house proprietary trading book do immediately? It loaded
“Cheap is a dangerous word,” said technical analyst Carter Braxton Worth.
Global Market Comments March 26, 2025 Fiat Lux Featured Trade: (WHY THE “UNDERGROUND” ECONOMY IS GROWING SO FAST)
There is no doubt that the “underground” economy is growing. No, I’m not talking about violent crime, drug dealing, or prostitution. Those are all largely driven by demographics, which right now are at a low ebb. I’m referring to the portion of the economy that the government can’t see and therefore is not counted in
"This is an epic bond bubble that we may have just seen the end of, not only here, but in Europe too," said Peter Boockvar, chief investment officer at Bleakly Financial Group.
Global Market Comments March 25, 2025 Fiat Lux Featured Trade: (THE ULTRA BULL CASE FOR GOLD) (GLD), (UGL), (GOLD), (NEM)
I am constantly barraged with emails from gold bugs who passionately argue that their beloved metal is trading at a tiny fraction of its true value and that the barbaric relic is really worth $5,000, $10,000, or even $50,000 an ounce (GLD). They claim the move in the yellow metal we are seeing is only