• Member Login
Mad Hedge Fund Trader
  • About
  • Store
  • Luncheons
  • Testimonials
  • Contact Ussupport@madhedgefundtrader.com
  • Search
  • Menu

Posts

Mad Hedge Fund Trader

February 23, 2021

Diary, Newsletter, Summary

Global Market Comments
February 23, 2021
Fiat Lux

Featured Trade:

(THE UNITED STATES OF DEBT),
(TLT), (TBT), ($TNX)

February 23, 2021/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2021-02-23 10:05:302021-02-23 11:23:13February 23, 2021
Mad Hedge Fund Trader

December 3, 2020

Diary, Newsletter, Summary

Global Market Comments
December 3, 2020
Fiat Lux

FEATURED TRADE:

(WHATEVER HAPPENED TO THE GREAT DEPRESSION DEBT?),
($TNX), (TLT), (TBT),

December 3, 2020/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2020-12-03 09:04:392020-12-03 10:46:00December 3, 2020
Mad Hedge Fund Trader

Whatever Happened to the Great Depression Debt?

Diary, Free Research, Newsletter

When I was a little kid during the early 1950s, my grandfather used to endlessly rail against Franklin Delano Roosevelt.

The WWI veteran, who was mustard-gassed in the trenches of France and was a lifetime, dyed-in-the-wool Republican, said the former president was a dictator and a traitor to his class, who trampled the constitution with complete disregard.

Republican presidential candidates Hoover, Landon, and Dewey would have done much better jobs.

What was worse, FDR had run up such enormous debts during the Great Depression that not only would my life be ruined, so would my children’s lives.

As a six-year-old, this disturbed me deeply, as it appeared that just out of diapers, my life was already going to be dull, brutish, and pointless.

Grandpa continued his ranting until a three-pack a day Lucky Strike non-filter habit finally killed him in 1977.

He insisted until the day he died that there was no definitive proof that cigarettes caused lung cancer, even though during his war, they referred to them as “coffin nails.”

He was stubborn as a mule to the end. And you wonder whom I got it from?

What my grandfather’s comments did do was spark in me a lifetime interest in the government bond market, not only ours, but everyone else’s around the world.

So, whatever happened to the despised, future-destroying Roosevelt debt?

In short, it went to money heaven.

And here I like to use the old movie analogy. Remember, when someone walked into a diner in those old black and white flicks? Check out the prices on the menu on the wall. It says “Coffee: 5 cents, Hamburgers: 10 cents, Steak: 50 cents.”

That is where the Roosevelt debt went.

By the time the 20 and 30-year Treasury bonds issued in the 1930s came due, WWII, Korea, and Vietnam happened, and the great inflation that followed.

The purchasing power of the dollar cratered, falling roughly 90%. Coffee is now $1.00, a hamburger at MacDonald’s is $5.00, and a cheap steak at Outback costs $12.00.

The government, in effect, only had to pay back 10 cents on the dollar in terms of current purchasing power on whatever it borrowed in the thirties.

Who paid for this free lunch?

Bond owners, who received, minimal, and often negative real, inflation-adjusted returns on fixed-income investments for three decades.

In the end, it was the risk avoiders who picked up the tab. This is why bonds became known as “certificates of confiscation” during the seventies and eighties.

This is not a new thing. About 300 years ago, governments figured out there was easy money to be had by issuing paper money, borrowing massively, stimulating the local economy, creating inflation, and then repaying the debt in devalued future paper money.

This is one of the main reasons why we have governments, and why they have grown so big. Unsurprisingly, France was the first, followed by England and every other major country.

Ever wonder how the new, impoverished United States paid for the Revolutionary War?

It issued paper money by the bale, which dropped in purchasing power by two thirds by the end of the conflict in 1783. The British helped too, by flooding the country with counterfeit paper Continental money.

Bondholders can expect to receive a long series of rude awakenings sometime in the future.

No wonder Bill Gross, the former head of bond giant, PIMCO, says will get ashes in his stocking for Christmas next year.

The scary thing is that eventually, we will enter a new 30-year bear market for bonds that lasts all the way until 2049. However, after last month’s frenetic spike up in bond prices, and down in bond yields, that is looking more like a 2022, than a 2019 position.

This is certainly what the demographics are saying, which predicts an inflationary blow off in decades to come that could take short term Treasury yields to a nosebleed 12% high once more.

That scenario has the leveraged short Treasury bond ETF (TBT), which has just cratered down to $23, double to $46, and then soaring all the way to $200.

If you wonder how yields could get that high in a decade, consider one important fact.

The largest buyers of American bonds for the past three decades have been Japan and China. Between them, they have soaked up over $2 trillion worth of our debt, some 12% of the total outstanding.

Unfortunately, both countries have already entered very negative demographic pyramids, which will forestall any future large purchases of foreign bonds. They are going to need the money at home to care for burgeoning populations of old age pensioners.

So who becomes the buyer of last resort? No one, unless the Federal Reserve comes back with QE IV, V, and VI. QE IV, in fact, has already started.

There is a lesson to be learned today from the demise of the Roosevelt debt.

It tells us that the government should be borrowing as much as it can right now with the longest maturity possible at these ultra-low interest rates and spending it all.

With real, inflation-adjusted 10-year Treasury bonds now posting negative yields, they have a free pass to do so.

In effect, the government never has to pay back the money. But they do have the ability to reap immediate benefits, such as through stimulating the economy with greatly increased infrastructure spending.

Heaven knows we need it.

If I were king of the world, I would borrow $5 trillion tomorrow and disburse it only in areas that create domestic US jobs. Not a penny should go to new social programs. Long-term capital investments should be the sole target.

Here is my shopping list:

$1 trillion – new Interstate freeway system
$1 trillion – additional infrastructure repairs and maintenance
$1 trillion – conversion of our energy system to solar
$1 trillion – construction of a rural broadband network
$1 trillion – investment in R&D for everything

The projects above would create 5 million new jobs quickly. Who would pay for all of this in terms of lost purchasing power? Today’s investors in government bonds, half of whom are foreigners, principally the Chinese and Japanese. Notice that I am not committing a single dollar in spending on any walls.

How did my life turn out? Was it ruined, as my grandfather predicted?

Actually, I did pretty well for myself, as did the rest of my generation, the baby boomers.

My kids did OK too. One son just got a $1 million, two-year package at a new tech startup and he is only 30. Another is deeply involved in the tech industry, and my oldest daughter is working on a PhD at the University of California. My two youngest girls are about to become the first-ever female eagle scouts.

Not too shabby.

Grandpa was always a better historian than a forecaster. But did have the last laugh. He made a fortune in real estate, betting correctly on the inflation that always follows big borrowing binges.

You know the five acres that sits under the Bellagio Hotel in Las Vegas Today? That’s the land he bought in 1945 for $500. He sold it 32 years later for $10 million.

Not too shabby either.

40 Years of 30 Year Bond Yields

 

 

 

Not Too Shabby for $500

December 3, 2020/by Mad Hedge Fund Trader
https://www.madhedgefundtrader.com/wp-content/uploads/2015/12/Bellagio-e1467928305548.jpg 271 400 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2020-12-03 09:02:012020-12-03 10:42:44Whatever Happened to the Great Depression Debt?
Mad Hedge Fund Trader

October 8, 2020

Diary, Newsletter, Summary

Global Market Comments
October 8, 2020
Fiat Lux

Featured Trade:

(IF BONDS CAN’T GO DOWN, STOCKS CAN’T EITHER),
($NIKK), (TLT), (TBT), ($TNX)
(TESTIMONIAL)

October 8, 2020/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2020-10-08 09:06:282020-10-08 09:39:02October 8, 2020
MHFTR

If Bonds Can’t Go Down, Stocks Can’t Either

Diary, Newsletter, Research

The U.S. Treasury bond market has suddenly ground to a halt, puzzling traders, investors, and hedge fund managers alike.

Today, the yield on the 10-year Treasury bond (TLT), (TBT) traded as low as 0.77%.

This is despite the U.S. economy delivering a horrific negative GDP growth during Q2. Growth is expected to rebound to 2-5% in Q3, depending on if there is another stimulus package from Washington, or not. 2021 could bring economic growth as high as an astronomical 10%.

If I blindfolded any professional money manager, told him the above and asked him where the 10-year Treasury yield should be, most would come in at around the 5% level.

So what gives?

I have put a great deal of thought into this and the answer can be distilled down to two letters: QE.

Global quantitative easing has created about $30 trillion in new money over the past 10 years. It has not been spent, it hasn’t disappeared, nor has it gone to money heaven. It is still around.

The U.S. Federal Reserve, the first to start QE in November 2008 during the Great Recession, ended it in October 2014. From start to finish, it created $4.5 trillion in new money. Over the past five years was wound down to $3.8 trillion by letting debt on its balance sheet mature.

Enter the pandemic. The expectation is that the new round of QE could exceed another $10 trillion or more.

Japan actually began its QE program in 2001, long before anyone else, to deal with the aftermath of the 1990 Japanese stock market crash and a massive demographic headwind (they’re not making Japanese anymore).

Some 20 years later, the Japanese government now owns virtually all of the debt in the country. When you hear about Japan’s prodigious 240% debt to GDP ratio, it’s all nonsense. Net out government holdings and there is no national debt in Japan at all. That’s why the Japanese yen is consistently strong.

After the 2008 crash, the Japanese government expended its QE to include equities as well. As a result, the government is now the largest single buyer of stocks in the Land of the Rising Sun. The Nikkei Average has risen by 234% since the 2009 bottom despite a miserable economic performance, and the yield on 10-year JGBs stand at a lowly 0.03%.

The European Central Bank got into the QE game very late, not until 2015, and its program continues anew, although at half its peak rate. The ECB has just renewed its plan to print a ton of new money.

Part of the problem is that the ECB is running out of bonds to buy, as it already owns most of the paper issued by European entities. That’s why 10-year German bunds are yielding a paltry -0.50%.

As a result, there is excess liquidity everywhere and this has broad implications for your investment or retirement portfolio. It could take as long as a decade before all of this artificial cash is removed from the global financial system.

For a start, bonds may not fall much from here, even if the Fed continues its near-zero interest rate policy for three more years, as promised.

Stocks can’t fall either with this much cash underpinning the market, at least not for a while and not by much. While company share buybacks have virtually disappeared this year, foreign investors have stepped in to pick up the slack.

It also means you can’t have a global contagion leading to a financial crisis. There is ample money available to refinance your way out of any problem when 70% of the world’s debt is still yielding close to zero.

The bottom line here is that global excess liquidity can cover up a multitude of sins. It means the price of everything has to go up, or at least stay level until that liquidity runs out. That includes stocks, bonds, your home, classic cars, and even that rare coin collection of yours gathering dust in a safe deposit box somewhere.

Yes, when the excess free cash runs out in a decade, there will be hell to pay. Until then, make hay while the sun shines.

 

 

 

 

Hay

October 8, 2020/by MHFTR
https://www.madhedgefundtrader.com/wp-content/uploads/2018/08/hay.png 387 622 MHFTR https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png MHFTR2020-10-08 09:04:122020-10-08 09:38:44If Bonds Can’t Go Down, Stocks Can’t Either
Mad Hedge Fund Trader

August 26, 2020

Diary, Newsletter, Summary

Global Market Comments
August 26, 2020
Fiat Lux

Featured Trade:

(THE TRADE OF THE CENTURY IS SETTING UP),
(TLT), (TBT), ($TNX)

(HOW TO BUY A SOLAR SYSTEM),
(SPWR), (TSLA)

August 26, 2020/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2020-08-26 09:06:382020-08-26 10:19:51August 26, 2020
Mad Hedge Fund Trader

Why US Bond Yields are Going to Zero

Diary, Newsletter

I just checked my trading record for the past three years and discovered that I have executed no less than 61 Trade Alerts selling short bonds and all but one was profitable. It really has been my “rich uncle” trade.

However, all good things must come to an end.

I have been scanning the horizon for another short bond trade to strap on and I have to tell you that right now, it’s just not there.

Bond volatility has been incredibly low in recent months, with United States US Treasury Bond Fund (TLT) prices trapped in a microscopic and somnolescent $3.5 point range. What’s much worse is that bonds were stuck in an incredibly snug 14 point range for two and a half years with no place to go but sideways.

As a result, the risk/reward for going out one month for a bear but spread in the (TLT) is no longer favorable.

So what was the market trying to shout at us with such boring price action?

That a major upside breakout in prices and downside breakdown in yields was imminent!

As they say in technical analysis land, the longer the base, the bigger the breakout.

It is becoming painfully obvious that since 2016, the bond market hasn’t been putting in a topping process. It is building a long term BOTTOM. That means the next major bond move could be a major RISE in prices and collapse in bond yields.

Let me tell you what is wrong with this picture.

When stocks melted down during Q4 of 2018, bond yield plunged by 65 basis points, as they should have. But what did yields do when the Dow Average rallied by 4,500 points after the Christmas Eve Massacre? Absolutely nothing. Here we are today at a scant 1.35%, exactly where we were at the end of 2018.

If you look at real interest rates we are already below zero. The January Consumer Price Index came in at a lowly 2.5%. Take that from a ten-year US Treasury yield of 1.35% today and we are at negative -1.15%, even worse than Germany!

Not good, not good. As any long term pro will tell you, it is the bond market that is always right.

Yes, the next target in actual bond yields could be ZERO. The 3.25% peak in yields we saw last in September 2018 was probably the top in this economic cycle. That’s what my former Berkeley economics professor Janet Yellen thinks. So does Ben Bernanke.

And how much have bond yield dropped during recessions? Some 400 basis points. That’s how you get to zero, and possible negative numbers at the bottom of the next cycle.

The reasons for a historically low peak in bond yields are, well, complicated. Past cycles I’ve seen during my lifetime’s yields peak anywhere from 6%-12%.

For a start, after waiting for a decade for inflation to show, it never did. Wages, far and away the largest component of inflation, are only growing at a 3.1% annual rate according to the January Nonfarm Payroll Report, and even they are rolling over now.

The harsh reality is that companies have been able to cap labor costs with technology improvements, and that trend looks to accelerate, not slow down. Falling rates are not so much an indicator of an impending recession as they are hyper accelerating technology.

There is no way that wages are going to increase with malls emptying out and businesses moving online. Tesla’s recent parabolic move is only the latest in a long term trend.

Yes, the rise of the machines is happening.

I thought that the $1 trillion tax stimulus package would provide a steroid shot to an already hot economy and fuel inflation. But I was wrong. Instead, tax savings and cash repatriated from abroad went almost entirely into share buybacks and the bond market, not capital spending as promised.

And what do the wealthy do with new cash flow? They buy more bonds, not invest in job-creating start-ups or other high-risk plays.

The Fed has become a willing co-conspirator in the zero rate scenario. Governor Jay Powell has made abundantly clear that rate rises are on hold for the foreseeable future and that there may not be any at all this year. In fact, the next Fed move may be a cut rather than a rise.

The Fed’s policy of quantitative easing, or QE, is also reaccelerating. Instead of unwinding its balance sheet back to the $800 million last seen in 2008, which was the original plan when QE started a decade ago, it is back to pedal to the metal. The coronavirus pandemic is pouring more gasoline on this fire. That will give our nation’s central bank far less flexibility with which to act during the next recession.

Did I just say the “R” word?

It’s become clear that the tax package and $2  trillion in new government debt bought us exactly two quarters of above-average economic growth. Since Q2 2018, the GDP growth rate has plunged from a 4.2% annualized rate to an expectation of well under 2% for Q1 2020.

That’s an eye-popping decline of more than 76% in the US growth rate in two years. If the Fed is truly data-dependent, and they tell us every day of the year that they are, these numbers have to be inciting panic in Washington. Hence the sudden, out of the blue clamor for more stimulus from Washington.

If ten-year yields truly go to zero, what would they do to the (TLT)? That would take them from today’s $122 to over $200. There they will be joined by the industrialized countries that are already there, with German ten-year bunds yielding -0.48% and ten year Japanese government bonds at -0.06%.

Where will that take home mortgage rates? Oh, to about 2%, where they already are in Europe now. We may be on the refinance opportunity of the century.

That is if you still have a job.

 

 

The Last Time Real Rates Were Zero

February 25, 2020/by Mad Hedge Fund Trader
https://www.madhedgefundtrader.com/wp-content/uploads/2019/03/unemployment.png 316 435 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2020-02-25 08:04:112020-02-25 07:51:10Why US Bond Yields are Going to Zero
Mad Hedge Fund Trader

November 29, 2019

Diary, Newsletter, Summary

Global Market Comments
November 29, 2019
Fiat Lux

Featured Trade:

(WHATEVER HAPPENED TO THE GREAT DEPRESSION DEBT?)
($TNX), (TLT), (TBT)

November 29, 2019/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2019-11-29 04:04:522019-11-28 23:17:04November 29, 2019
Mad Hedge Fund Trader

September 27, 2019

Diary, Newsletter, Summary

Global Market Comments
September 27, 2019
Fiat Lux

Featured Trade:

(IF BONDS WON’T GO DOWN, STOCKS CAN’T EITHER),
($NIKK), (TLT), (TBT), ($TNX),
(TESTIMONIAL)

September 27, 2019/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2019-09-27 01:06:302019-09-27 00:23:55September 27, 2019
Mad Hedge Fund Trader

July 31, 2019

Diary, Newsletter, Summary

Global Market Comments
July 31, 2019
Fiat Lux

SPECIAL FIXED INCOME ISSUE

Featured Trade:
(ITALY’S BIG WAKE UP CALL),
(TLT), ($TNX), (TBT), (SPY), ($INDU), (FXE), (UUP), (USO),
(WELCOME TO THE DEFLATIONARY CENTURY),
(TLT), (TBT),

July 31, 2019/by Mad Hedge Fund Trader
https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 Mad Hedge Fund Trader https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Mad Hedge Fund Trader2019-07-31 10:06:422019-07-31 10:21:42July 31, 2019
Page 1 of 41234

Archives

  • 2021 (223)
    • April (110)
    • March (177)
    • February (147)
    • January (156)
  • 2020 (598)
    • December (169)
    • November (184)
    • October (168)
    • September (176)
    • August (167)
    • July (165)
    • June (178)
    • May (178)
    • April (190)
    • March (177)
    • February (144)
    • January (131)
  • 2019 (958)
    • December (132)
    • November (128)
    • October (168)
    • September (128)
    • August (173)
    • July (138)
    • June (113)
    • May (158)
    • April (168)
    • March (169)
    • February (141)
    • January (153)
  • 2018 (533)
    • December (150)
    • November (157)
    • October (194)
    • September (131)
    • August (150)
    • July (133)
    • June (128)
    • May (162)
    • April (185)
    • March (155)
    • February (153)
    • January (100)
  • 2017 (418)
    • December (96)
    • November (114)
    • October (52)
    • September (47)
    • August (63)
    • July (38)
    • June (52)
    • May (58)
  • 2016 (1369)
    • December (116)
    • November (107)
    • October (133)
    • September (110)
    • August (125)
    • July (98)
    • June (111)
    • May (142)
    • April (119)
    • March (112)
    • February (91)
    • January (105)
  • 2015 (1290)
    • December (98)
    • November (94)
    • October (89)
    • September (106)
    • August (105)
    • July (87)
    • June (72)
    • May (101)
    • April (134)
    • March (145)
    • February (122)
    • January (137)
  • 2014 (1490)
    • December (112)
    • November (107)
    • October (151)
    • September (120)
    • August (110)
    • July (123)
    • June (109)
    • May (117)
    • April (129)
    • March (153)
    • February (130)
    • January (129)
  • 2013 (1601)
    • December (125)
    • November (176)
    • October (172)
    • September (162)
    • August (131)
    • July (140)
    • June (114)
    • May (123)
    • April (146)
    • March (123)
    • February (87)
    • January (102)
  • 2012 (781)
    • December (23)
    • November (18)
    • October (24)
    • September (78)
    • August (90)
    • July (67)
    • June (68)
    • May (97)
    • April (88)
    • March (86)
    • February (77)
    • January (65)
  • 2011 (449)
    • December (59)
    • November (73)
    • October (23)
    • September (31)
    • August (44)
    • July (34)
    • June (14)
    • May (43)
    • April (20)
    • March (42)
    • February (29)
    • January (37)
  • 2010 (356)
    • December (32)
    • November (45)
    • October (45)
    • September (51)
    • August (58)
    • July (43)
    • May (6)
    • April (1)
    • March (35)
    • February (17)
    • January (23)
  • 2009 (252)
    • December (20)
    • November (18)
    • October (22)
    • September (20)
    • August (15)
    • July (19)
    • June (20)
    • May (20)
    • April (19)
    • March (22)
    • February (19)
    • January (38)
  • 2008 (420)
    • December (38)
    • November (36)
    • October (46)
    • September (40)
    • August (34)
    • July (38)
    • June (36)
    • May (42)
    • April (42)
    • March (28)
    • February (40)

Legal Disclaimer

There is a very high degree of risk involved in trading. Past results are not indicative of future returns. MadHedgeFundTrader.com and all individuals affiliated with this site assume no responsibilities for your trading and investment results. The indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein. Affiliates of MadHedgeFundTrader.com may have a position or effect transactions in the securities described herein (or options thereon) and/or otherwise employ trading strategies that may be consistent or inconsistent with the provided strategies.

Copyright © 2021. Mad Hedge Fund Trader. All Rights Reserved. support@madhedgefundtrader.com
  • Privacy Policy
  • Disclaimer
  • FAQ
Scroll to top

This site uses cookies. By continuing to browse the site, you are agreeing to our use of cookies.

OKLearn more

Cookie and Privacy Settings



How we use cookies

We may request cookies to be set on your device. We use cookies to let us know when you visit our websites, how you interact with us, to enrich your user experience, and to customize your relationship with our website.

Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.

Essential Website Cookies

These cookies are strictly necessary to provide you with services available through our website and to use some of its features.

Because these cookies are strictly necessary to deliver the website, refuseing them will have impact how our site functions. You always can block or delete cookies by changing your browser settings and force blocking all cookies on this website. But this will always prompt you to accept/refuse cookies when revisiting our site.

We fully respect if you want to refuse cookies but to avoid asking you again and again kindly allow us to store a cookie for that. You are free to opt out any time or opt in for other cookies to get a better experience. If you refuse cookies we will remove all set cookies in our domain.

We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.

Google Analytics Cookies

These cookies collect information that is used either in aggregate form to help us understand how our website is being used or how effective our marketing campaigns are, or to help us customize our website and application for you in order to enhance your experience.

If you do not want that we track your visist to our site you can disable tracking in your browser here:

Other external services

We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.

Google Webfont Settings:

Google Map Settings:

Google reCaptcha Settings:

Vimeo and Youtube video embeds:

Accept settingsHide notification only