Hedge funds, Gold and Amazon May 22, 2019 View in Browser Your daily source for trading strategies, tech news, and politically incorrect humor. Fellow eMBers, I sent you an email titled “Outrage
Your daily source for trading strategies, tech news, and politically incorrect humor.
I sent you an email titled “Outrage Society” yesterday afternoon.
It was my attempt to dive a bit deeper into a couple of important topics.
But the email was a mess…
Well… I generally do all the work myself. I do all the research, I write every word and I even set the emails up.
But I was busy yesterday and asked my assistant, Brian, to setup the email and send it.
He’s new and clearly doesn’t know what he’s doing…
Oops… I shouldn’t have said that… he might be reading this right now…
On the other hand, he’s a millennial (I think… ). And reading might not be his strong suit.
Just kidding. Brian is great. It’s my fault.
Anyhoo… sorry about that.
I promise it won’t happen again. You deserve better!
Now… let’s dive in.
INVESTOR INSIGHTS – Hedge Fund Performance
Hedge Funds are required to file quarterly reports.
One of them is called “Form 13F.” And it contains all their equity holdings.
Why is it important?
Because Form 13Fs are public records. It allows us to see the stocks billionaires buy.
I don’t have the time to sift through all the filings.
But Goldman Sachs does.
And they released their quarterly hedge fund performance tracking analysis a few days ago.
By the way, hedge funds had a rough Q4’18. In fact, it was the worst quarter for hedge fund since the financial crisis
Let’s see how they did in Q1’19:
The average equity hedge fund has returned +8% so far in 2019.
But it’s nothing to brag about. S&P 500 has returned 15% (and charged no fees).
Here are the top 10 most-frequent hedge funds holdings:
What IS surprising is something else (on the chart above).
Gold has been “dead” for two years.
But I think that’s about to change (at least in the short term).
I look at GDX/Gold ratio to find trading opportunities. We don’t have enough time to get into it right now… but… I will tell you about it some other time.
The bottom line:
I expect gold will be higher several weeks from now than where it is today.
YOUR SILICON VALLEY (LIBERAL) OVERLORDS
Amazon is close to winning a rainforest battle. Over its domain name…
Believe or not, Amazon is about to pull another win. Over eight Latin American countries.
ICANN decided to proceed with Amazon’s request. Pending public comments.
Amazon will probably win this one… and continue their quest to rule the world…
Hit this link to read more
TRUMP DERANGEMENT SYNDROME
A new Gallup poll is in.
43% of Americans think socialism would be a good thing for the U.S.
And April’s survey found:
47% of Americans say they would vote for a socialist candidate for president.
And Democrats currently have a more positive view of socialism than capitalism.
And that’s a big shift from a few years ago. They used to favor capitalism much more…
Hit this link to read more
CRAZY THINGS LIBERALS SAY
Is Fox News turning liberal?
“What’s going on with Fox by the way? What’s going on there?” Trump asked.
“They’re putting on more Democrats than you have Republicans, something very strange is going on at Fox folks, something very strange.”
Watch the video of President Trump here
CRAZY-INTERESTING OR RIDICULOUSLY-WEIRD
Do you know where this is?
It’s in Cancun. And it’s an underwater museum.
Will I put it on my bucket list?
If I’m in Cancun, I definitely will…
Vote: Interesting OR Weird