At some point in 2024, we are going to need to SELL. Maybe there will be an economic slowdown, a surprise election outcome, or a flock of black swans. However, there is selling and then there is selling. I have a new training video on how to execute a vertical bear put debit spread. You […]
Any trader will tell you the trend is your friend, and the overwhelming direction for the US dollar (UUP) for the last 243 years has been down. Our first Treasury Secretary, Alexander Hamilton, found himself constantly embroiled in sex scandals. Take a ten-dollar bill out of your wallet and you’re looking at a world-class horn […]
The onset of the pandemic found me on an obscure, deserted coral ridge in the Solomon Islands in a remote corner of the South Pacific. The jungle was lush, and malarial mosquitoes alighted in clouds. I was looking over the capital city of Honiara on the main island, whose name is honored by all the […]
One of the most fascinating things I learned when I first joined the equity trading desk at Morgan Stanley during the early 1980s was how to parallel trade. A customer order would come in to buy a million shares of General Motors (GM), and what did the in-house proprietary trading book do immediately? It loaded […]
There is no doubt that the “underground” economy is growing. No, I’m not talking about violent crime, drug dealing, or prostitution. Those are all largely driven by demographics, which right now are at a low ebb. I’m referring to the portion of the economy that the government can’t see and therefore is not counted in […]
