• 6 minutes WTI @ 67.50, charts show $62.50 next
  • 11 minutes Saudi Fund Wants to Take Tesla Private?
  • 17 minutes Starvation, horror in Venezuela
  • 1 min Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 5 mins The EU Loses The Principles On Which It Was Built
  • 4 hours Anyone Worried About the Lira Dragging EVERYTHING Else Down?
  • 18 hours California Solar Mandate Based on False Facts
  • 5 mins Crude Price going to $62.50
  • 9 hours Correlation does not equal causation, but they do tend to tango on occasion
  • 4 hours Why hydrogen economics is does not work
  • 8 hours Oil prices---Tug of War: Sanctions vs. Trade War
  • 17 hours WTI @ 69.33 headed for $70s - $80s end of August
  • 8 hours Russia retaliate: Our Response to U.S. Sanctions Will Be Precise And Painful
  • 10 hours Monsanto hit by $289 Million for cancerous weedkiller
  • 10 mins < sigh > $90 Oil Is A Very Real Possibility
  • 19 hours Merkel, Putin to discuss Syria, Ukraine, Nord Stream 2
Alt Text

Green Bonds Are A Huge Boost For Renewables

The growing popularity of ‘green…

Alt Text

Yieldcos Are Back And Better Than Ever

Yieldcos have had a rocky…

Alt Text

How To Spot Top E&P Stocks In 2018

As sentiment in oil markets…

Mad Hedge Fund Trader

Mad Hedge Fund Trader

John Thomas, The Mad Hedge Fund Trader is one of today's most successful Hedge Fund Managers and a 40 year veteran of the financial markets.…

More Info

Trending Discussions

A Grim Week for the "V" Crowd

Even the most optimistic permabulls have to be rethinking their scenario after looking at writing on the wall that is so obvious, they can see it with their own blinkered, tunnel visioned eyes.

First, the nonfarm payroll delivered a paltry 41,000 private jobs Then, new home sales came in at a withering 300,000, virtually assuring a double dip in housing.

The 30 year conventional mortgage interest rate plunged to an all time low of 4.69%, driven by decade lows for the ten year Treasury bond at 3.09%. The 2% handle now seems just over the horizon.

The final kick in the teeth came with a Q1 GDP that was revised down from 3% to 2.7%.

This is all consistent with my long term view that we have permanently downsized from a long term growth rate of 3.9% to 2%-2.5%, and that the stock market hasn't figured this out yet.

Gross Domestic Product

If the financial markets come to accept this view, the outlook for assets of any description does not look good.

My "summer rally" only managed to eke out a parsimonious 89 points in the S&P 500, falling 11 points short of my own modest 1140 target. The "right shoulder" risk for the market now looms large, and if it is well and truly in, we are looking at pullbacks to 1,040, and then 950.

That great benchmark for global risk taking, the Euro/yen cross, shows there is something rotten in Denmark.

Euro, Yen Cross Trade

Proof this is at hand can be found in my ¥90-¥95 range for the yen, which just got sent to the recycling bin. I managed to pull out a fistful of day trades from the short side, before the break out delivered a haymaker right between my eyes, wiping out a third of my profits.

That's the way the world works sometimes. And thank you for the many emails from readers who successfully talked me off the Golden Gate Bridge.

Courtesy: Mad Hedge Fund Trader




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News