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 […]
Category Archives: Newsletter
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). […]
“Whenever I hear someone in finance say that a one in two-billion-year event just happened, I say that you just demonstrated you have a model for measuring tail risk that isn’t any good,” said former Treasury Secretary and Harvard University President Larry Summers.
Global Market Comments August 18, 2025 Fiat Lux Featured Trade: (MARKET OUTLOOK FOR THE WEEK AHEAD, or CLUELESS), (NVDA), (MSFT), (BAC), (DHI), (LEN), (KBH), (PHM), (GLD), (B), (NEM), (AEM), (NFLX), (FCX), (TSLA), (SPY), ($VIX), (CATL)
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 […]
“We can lead, but we cannot carry,” said Mike Ryan, chief investment strategist at UBS, about America’s role in the global economy.
Global Market Comments August 15, 2025 Fiat Lux Featured Trade: (AUGUST 13 BIWEEKLY STRATEGY WEBINAR Q&A), (ALB), (TSLA), (FCX), (GLD), (NVDA), (TLT)
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 […]
“It’s really dangerous to look for rationality in the market, so much of it is psychology…. Stocks will rotate from flawless to hopeless,” said Howard Marks of Oaktree Capital Management.
Global Market Comments August 14, 2025 Fiat Lux Featured Trade: (THE GOVERNMENT’S WAR ON MONEY) (TESTIMONIAL)


