Global Market Comments August 10, 2023 Fiat Lux Featured Trades: (WEDNESDAY, SEPTEMBER 6, 2023 SAN DIEGO, CALIFORNIA GLOBAL STRATEGY LUNCHEON) (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) CLICK HERE to download today's position sheet.
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
Global Market Comments August 9, 2023 Fiat Lux Featured Trades: (THE US NATIVE AMERICAN ECONOMY) CLICK HERE to download today's position sheet.
Since the market is as dead as a doorknob, at least until tomorrow’s inflation report is out, I thought I’d dive into the deep background of the country’s economy. When I was remodeling my 170-year-old London house, the chimney was in desperate need of attention. After the chimneysweep crawled up the fireplace, he found a
Global Market Comments August 8, 2023 Fiat Lux Featured Trades: (THIS WILL BE YOUR BEST-PERFORMING ASSET FOR THE NEXT 30 YEARS), (IYR), (PHM), (LEN), (DHI), (TLT), (HYG), (MUB), (SPY) CLICK HERE to download today's position sheet.
Global Market Comments August 7, 2023 Fiat Lux Featured Trades: (MARKET OUTLOOK FOR THE WEEK AHEAD, or TAKING IT IN THE SHORTS), (TLT) CLICK HERE to download today's position sheet.
I am writing this to you from the British Airways first class lounge at Rome’s Leonardo da Vinci airport. I arrived here early to avoid the hordes of travelers certain to follow. At the entrance to the departure area, there is a 20-foot-high bronze statue of the great artist and scientist holding a model of
Global Market Comments August 4, 2023 Fiat Lux Featured Trades: (WEDNESDAY, SEPTEMBER 6, 2023 SAN DIEGO, CALIFORNIA STRATEGY LUNCHEON) (THE HISTORY OF TECHNOLOGY) (BUSINESS IS BOOMING AT THE MONEY PRINTERS) CLICK HERE to download today's position sheet.
I have just finished leisurely reading Tom Standage's book The Victorian Internet: The Remarkable Story of the Telegraph and the Nineteenth Century's On-Line Pioneers. Standage discusses the creation and development of the telegraph system and how it revolutionized communication in the 19th century. The book claims that modern Internet users are in many ways the
All of the high-grade paper used by the US Treasury to print money is bought by one firm, Crane & Co., which has been in the same family for seven generations. Last year, the Feds printed 38 million banknotes worth $639 million. Although we have seen the Fed’s severe monetary tightening cause the money supply
"Go to Heaven for the climate. Go to Hell for the company," said American humorist, Mark Twain.
Global Market Comments August 3, 2023 Fiat Lux SPECIAL PRECIOUS METALS ISSUE Featured Trades: (WHAT’S UP WITH GOLD?), (GLD), (UGL), (PPLT), (PLAT), (WPM) (THE ULTRA BULL CASE FOR GOLD) CLICK HERE to download today's position sheet.
Global Market Comments August 2, 2023 Fiat Lux Featured Trades: (THE BEST FINANCIAL BOOK EVER), (A DAY WITH TOM FRIEDMAN OF THE NEW YORK TIMES) CLICK HERE to download today's position sheet.
I have just finished reading the best financial book ever, and I have read most of them. It is The Ascent of Money: A Financial History of the World by Harvard professor Niall Ferguson. It gives you a great explanation of how the broad sweep of history delivered us to the doorstep of today’s crisis.
Global Market Comments August 1, 2023 Fiat Lux Featured Trades: Trade Alert - (GOLD) – BUY LEAPS CLICK HERE to download today's position sheet.
Opening Trade 8-1-2023 expiration date: January 17, 2025 Number of Contracts = 1 contract The entire interest rate-sensitive sector has been walloped over the last three months over fears that the Fed will keep interest rates higher for longer. That is now in the price of the gold miners. This position is a bet that
Global Market Comments July 31, 2023 Fiat Lux Featured Trades: (PROGRESS REPORT FROM EUROPE - PART TWO) CLICK HERE to download today's position sheet.
I love walking around Saint Marks Square in Venice. You have five different bands playing classical music all at the same time, the musicians dressed in white dinner jackets. Couples holding hands are enjoying the high point of their lives, making out in every corner. African immigrants are selling odd flying toys. The line at
“In order to write about life first you must live it,” said the great American novelist, Earnest Hemingway.
Global Market Comments July 28, 2023 Fiat Lux Featured Trades: (MY TRIP TO INTO INFINITI) (TSLA) CLICK HERE to download today's position sheet.