Up until October 28, the market has been discounting another cut in interest rates by 25 basis points at the next Fed meeting on December 10. Since October 28, the market has been backing out that expectation, giving us a 4.4% correction in the S&P 500 (SPY). The sell-off had been led by the Magnificent […]
Category Archives: Homepage Posts
14
Nov
Nov
Below, please find subscribers’ Q&A for the November 12 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, NV. Q: Is there really rising industrial demand for silver (SLV)? A: Tech companies are definitely signing deals to get more power from zero-carbon sources. We are getting brownouts in certain parts of the country […]
This being Veterans Day and the 250th Marine Corps birthday, I thought I’d bring back some old memories. As the son of a Marine who served on Guadalcanal in 1942, I had an unusual childhood. The memories all came flooding back to me as the HBO program, The Pacific. Every scene in the ten-hour series […]
I’ll never forget the most interesting start to a college course I ever attended. I enrolled late for my freshman year at the University of Southern California because a full all-expense paid scholarship came in only at the last minute. I thought the best value for money major I could take was in the sciences […]
Not a day goes by without me hearing from a reader about the competition. They previously subscribed to a newsletter that promised a top-drawer education, an insider’s insights, and spectacular returns, sometimes 100% or more a month. “Doubled in a day” is a frequently heard term. The entry-level costs are only a few bucks, but […]
It was just another quiet Friday afternoon. I was letting my call spreads in Netflix (NFLX) run off in the weekly expiration. They were $100 deep in-the-money and I had $1 million in excess margin, so I figured I could just go take a nap. Then, at exactly 1:30 PM EST, a message highlighted in […]
Below, please find subscribers’ Q&A for the October 29 Mad Hedge Fund Trader Global Strategy Webinar, broadcast from Incline Village, NV. Q: What are the chances of Elon Musk leaving Tesla (TSLA) if he doesn’t get his $1 trillion pay package? A: I think he’d settle for $500 billion, but knowing Elon Musk as I […]
30
Oct
Oct
I recently heard an amazing piece of information from a subscriber. Fidelity recently conducted a study to identify their best-performing clients. They neatly fell into two groups: people who forgot they had an account at Fidelity, and dead people. It all underlines the futility of trading the markets without true professional guidance, such as you […]
29
Oct
Oct
I knew the letter from the IRS sitting in my mailbox was bad news just from the color of the paper. It was not light green, the color of a refund check from the United States Treasury. Instead, it was white, warning that it contained some sort of demand, audit notice, or threatened legal action. […]
28
Oct
Oct
The original purpose of this letter was to build a database of ideas to draw on in the management of my hedge fund. When a certain trade comes into play, I merely type in the symbol, name, currency, or commodity into the search box, and the entire fundamental argument in favor of that position pops […]