November 3, 2022
Thursday, November 3rd, 2022
Hello everyone,
Trust you are all doing well.
This post will be a summary of John’s most recent webinar, which was yesterday.
So, some of it may be old news now that the Fed decision and comments are all done. I will make some updated comments.
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ALL EYES ON THE FED
It’s the comments, not the number you need to watch out for.
Housekeeping:
Nov. 4, 2022, Las Vegas Luncheon
Feb. 7, 2023, Honolulu Luncheon
July 13, 2023, Luncheon on board the Queen Mary II – book a cabin/suite and sail from New York to Southampton, England.
SPY trade was closed early this morning – check your emails.
Election on Tuesday – results will start rolling in later in the evening and on Wednesday.
Wednesday – markets will react ++ or –
Coming interest rate top will see a top in the U.S.$
Bear market in Bonds may be ending with 10-year rates topping at 4.43%.
Oil prices flat-lining on recession fears. U.S. net energy exporter.
Q4 could be the best entry point for stocks in a decade.
Elon Musk – all about raising traffic to Twitter. See conspiracy theories about all sorts of things.
No solution to inflation other than a recession.
Weekly jobless claims are up.
The put/call spread is the biggest in history, about 1:4, showing that investors are piling in, or at least covering shorts as fast as they can.
May visit new lows in Tesla, once we get another sell-off in technology.
Buy on the dips NVDA and Palo Alto Networks.
80% of options expire worthless.
That’s why spreads are used to benefit from time decay.
Low-end retail does well in recessions. Check out Walmart.
U.S. housing is not about to crash. Shortage of 10 million houses in the U.S.
We may be making a final bottom in the TLT right here.
Junk bonds (HYG) yielding 8.42%. John is recommending it now.
Yen to fall more – Japan refuses to raise interest rates. Sell short FXY on rallies.
Pound rallies and then collapses (last night) on recession fears.
Avoid all energy plays. Germany fights Russia with coal.
REITs commonly yielding 10%.
Gold to go lower.
Crown Castle International (CCI) good time to buy. Yielding 4.61%. Could be over 5% now.
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That’s your lot for now.
Enjoy the weekend.
Take care and never stop learning and listening.
P.S. John has updated his long-term portfolio. That will be in my next post to all the emails on my list. Subscribe to Jacquie’s Post at https://www.madhedgefundtrader.com/ and go to the Store tab. It will not go to my Facebook group.
Cheers,
Jacque
If you look at what you have in life, you’ll always have more. If you look at what you don’t have in life, you’ll never have enough. - Oprah Winfrey
