I’m sitting here at my Lake Tahoe lakefront mansion watching the markets flip-flop with great indecision. Make up your mind already! It is one of those perfect, picture-postcard days, with a blue sky and cobalt lake. The fields outside are covered with snow crystals sparkling in the sunshine. In these heart-stopping trading conditions, it is […]
There’s nothing worse than leading into a punch. The outcome for any mixed martial artist or karate black belt is usually disastrous: a broken nose, brain damage, or death. It only took a few choice words from Jay Powell’s Friday Jackson Hole speech to set the markets on fire and trigger a 1,000-point rally in […]
The Diary of a Mad Hedge Fund Trader is now celebrating its 18th year of publication. I religiously write or edit 25 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 Street trader, and hedge fund manager, and if […]
It’s a bold man who makes long-term forecasts these days with so much of the global economy turned upside down this year. But nobody ever accused me of being cautious, retiring, or risk-averse. So here is my best shot at providing you with my best long-term investment ideas at the current time. For new subscribers, […]
Come join me for dinner at the Mad Hedge Fund Trader’s Global Strategy Dinner, which I will be conducting in Incline Village, Nevada, on Friday, August 22. An excellent meal will be followed by a wide-ranging discussion and an extended question-and-answer period. I’ll be giving you my up-to-date view on stocks, bonds, currencies, commodities, precious […]
The Diary of a Mad Hedge Fund Trader is read in 140 countries. About a quarter of our readers run the letter through Google Translate before reading. That has created a problem. Stock trading is probably the most slang and acronym-ridden profession on the planet, second only to the United States Marine Corps. (Semper Fi). […]
I usually know what the stock market is going to do 99% of the time. Now is the 1% when I don’t have a clue. Stocks have been on an unprecedented five-month tear, and everything is expensive. The risk/reward of entering new positions here is terrible. Market concentration is incredible, with Microsoft (MSFT) and Nvidia […]
Below, please find subscribers’ Q&A for the August 13 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, NV. Q: What is your position on copper? A: I think we’re entering a long-term bull market in copper. You have to have a tripling of the size of the grid just to accommodate the […]
Economic growth has dropped by 50%-100% in a year, and if you strip out AI investment, the economy actually shrank by 2%. Inflation is rising, with much worse to come, and stocks are at all-time highs both in terms of price and multiples. Markets are now sitting on a knife-edge, and the slightest unforeseen development […]
Since April 1, everyone seemed to have pretty much the same investment strategy. What would you do if I recommended an investment strategy that would cause your accountant to disown you, your inheritance-anticipating children to sue you, and your wife to file for divorce? Chances are, you would designate all my future mailings as SPAM, […]
