Hidden Pulse

Ardern Must Win Over Economists – Ackman exits Herbalife short bet – Coinbase CEO discusses his company’s new service

Economy and Politics

After New Zealand Victory, Ardern Must Win Over Economists

After her stunning rise to power, New Zealand’s incoming leader Jacinda Ardern faces a pressing challenge: delivering economic change with a team that lacks credentials.Investors used to the steady hand of former Prime Minister Bill English are nervous as the new government hints at central bank reform, immigration cuts and increased social spending that will hit just as the economy is losing some gloss. New Zealand’s dollar slumped and the stock market opened lower after Ardern’s elevation was confirmed late Thursday.

“The new coalition government is likely to be more interventionist in the economy than any government New Zealand has seen in decades,” said Dominick Stephens, chief New Zealand economist at Westpac Banking Corp. in Auckland. “Both Labour and New Zealand First’s rhetoric often sounds more mistrustful of markets than the previous government.”  Full Story

The new players in the Alt-right camp are savvier and  they understand that you can’t move too far to the right in one shot until you control all the pieces on the board.  As we stated in the interim update, we expect this trend to last 12-15 years and that’s our conservative estimate.  On the extreme end, this trend could last as long as 30 years.

 

Ackman exits years-long Herbalife short bet, turns to options

(Reuters) – Activist investor William Ackman, who placed a $1 billion (£754.5 million) bet in 2012 that Herbalife Ltd’s (HLF.N) stock price would tumble to zero, said on Wednesday his firm has capped losses by recently closing out its short position in the nutrition and supplements company.

For years, Ackman has said that the company would eventually crumble under regulatory scrutiny for operating what he has called a pyramid scheme, a claim Herbalife denies. He said on Wednesday he has opened a separate bet that Herbalife shares would fall in the form of put options.

Herbalife has been buying back shares and its stock price has soared some 50 percent this year, piling pressure on Ackman’s $10 billion hedge fund as paper losses mounted and the cost to borrow the shares rose.

“We covered the shorts and replaced them with outright put positions,” Ackman told Reuters, adding that potential losses on Herbalife will now be limited to 3 percent of the firm’s capital. “We can still lose money but the loss is capped.”

Ackman did not disclose how much his firm, Pershing Square Capital Management, had lost by buying shares to cover its short position. Full Story

The 1st rule of thumb is to never go against the main market trend. This is the reason we have not shorted anything for awhile, and if we do short a market, the pattern would have to be incredibly strong. It’s amazing how much money Penguins like Ackman get paid for losing other people’s money. However, their time is coming to an end for two reasonsMillennial don’t want to deal with high priced idiots like this, and more importantly, AI can work ten times better than guys like this.

 

Coinbase CEO Brian Armstrong discusses his company’s new service for purchasing digital currencies

NEW YORK (Reuters) – Major world equity markets rallied and government bond yields fell on Tuesday as strong corporate profits, steady global growth and low inflation provide scant alternatives for investors outside of stocks.

Equity markets from Asia to Europe to the Americas rose, while the S&P 500 and Nasdaq surged to fresh closing highs, lifted by technology shares. The Dow set a new intra-day high.

In Asia, the main Hang Seng index <.HSI> in Hong Kong and China’s H-shares index <.HSCE> posted their best day in seven weeks, while stocks in Tokyo <.N225> also rose.

In Europe, Germany’s benchmark DAX index <.GDAXI> jumped more than 1 percent before paring gains. MSCI’s emerging markets index <.MSCIEF> rose 1.44 percent and its gauge of stocks across the globe <.MIWD00000PUS> gained 0.71 percent.

“It’s incredible,” said Jack Ablin, chief investment officer at BMO Private Bank in Chicago. “Certainly sentiment is pretty strong and it’s widespread, both from the business community and consumers. Any economic concerns are pretty much falling by the wayside,” he said.

Corporate earnings and expanding growth have propelled the stock rally while investors shrug off political risk. Wall Street trading volumes were low in a week marked by the U.S. Thanksgiving holiday.

Full Story

Everyone is Code word for Bubble. So Bitcoin could experience its first big pop in the near future. Remember we stated that we expected this market to become a super bubble, so this is just one of many bubbles that will pop before this market experiences a full blown meltdown.

Table press table 2

AAPL

TablePRess 2 with YahooF script
date#NAME?        AAPL
IBM230120C00170000
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Table press table

Market Update Stocks (Current price updated every 15 minutes)
SymbolEntry DateEntry PriceCurent PricePositionComments
HTLDJun 201917.11#N/AOpen1/3rd of a position 17.401/3rd at 18.90 and 1/3rd at 15.05
HAMar 202120.05#N/AOpen1/3rd of a position 24.90 and 1/3rd at 15.20.
CRSMar 202138.17#N/AOpen1/3rd at 38.34 and 1/3rd at 38.00.
FISVMay 2021106.73#N/AOpen1/3Rd of a position at 114.20 and 1/3rd at 99.27
BWXTMay 202158.49#N/AOpen1/3rd of a position 64.20, 1/3rd at 58.45 & 1/6th 47.10
AYXJul 202168.42#N/AOpen1/3rd 83.87, 1/3rd at 68.60 and 1/3rd at 52.80
LDOSAug 202190.33109.49Open1/3rd of a position at 96, and 1/3rd at 84.65. Sold half in may at 110.75 for a gain of 22%. Place a stop at 90.00
COUPAug 2021167.13#N/AOpen1/3rd at 249 and 1/3rd at 219.45, 1/3rd at 110.00 and 1/3rd at 90.10
TFSLOct 202116.84#N/AOpen1/3rd at 19.74, 1/3rd at 16.79 and 1/3rd 14.01
MGNIOct 202121.03#N/AOpen1/3rd of a position 26.04 1/3rd at 20.70 and 1/3rd at 16.35
KMBDec 2021131.2#N/AOpen1/3rd of a position
RGLDJan 202298.55#N/AOpen¼ of a position. Sold half at 144.30 in Mar for a gain of 46%.
KJan 202262#N/AOpen¼ at 63.10 and ¼ at 60.90. Place a stop at 60.00. Sold half at 73.50 in May for a gain of 18.5%
AMDFeb 2022107.66#N/AOpen¼ at 114, ¼ at 108 and ¼ at 101.
CPBFeb 202243#N/AOpen¼ of a position.
MSFTFeb 2022272.91#N/AOpen¼ at 300.60, ¼ at 281.05, ¼ at 257 and ¼ at 253
ASANFeb 202245#N/AOpen¼ at 57.00, ¼ at 43.20 & ¼ at 34.80
FIVNFeb 202289.1#N/AOpen¼ at 96 and ¼ at 82.20
VALEApr 202214.37#N/AOpen¼ of a position at 15.84 and ¼ at 12.90
WMTMay 2022128.75#N/AOpen¼ at 133 & ¼ at 124.50
HALOJul 202244.04#N/AOpen¼ of a position
APDJul 2022237#N/AOpen¼ of a position
CFFNFeb 202111.6#N/AOpen1/3rd at 12.40, 1/3rd at 11.22& 1/3rd at 11.19
BHEMar 202127.02#N/AOpen1/3rd at 28.98 and 1/3rd at 25.05.
TRIPMay 202136.97#N/AOpen1/3rd of a position 43.80, 1/3rd at 39.06 and 1/3rd at 28.05
MOMOAug 20217.9#N/AOpen1/3rd of a position 12.80, 1/3rd, 9.60,1/3rd at 4.90 and 1/3rd at 4.40
CHPTDec 202116.36#N/AOpen1/3rd at 20.40, 1/3rd at 16.80, and 1/3rd at 11.90
GPNFeb 2022127#N/AOpen¼ 136.90, ¼ at 126.00 & ¼ at119
HIMXFeb 202210.11#N/AOpen¼ 10.27 and ¼ 9.96
GBTCMar 202223.1#N/AOpen¼ 25.80 and ¼ 20.40
ETHEMar 202214.2#N/AOpen¼ at 19.10 and ¼ 9.30
MJMar 202118.95#N/AOpen1/3rd 20.55 and 1/3rd at 17.35.
TLTAug 2021130.85#N/AOpen1/3rd 145.80, 1/3rd at 131.20, 1/6th at 115 and 1/6th at 116.10
SAAAug 202126.55#N/AOpen1/3rd at 27.60 and 1/3rd at 25.50
TMFSep 202121.7#N/AOpen1/3rd at 27.06, 1/6th at 17.10 and 1/6th at 15.60
ULOct 202153.1#N/AOpen1/3rd of a position.
AFRMNov 202190.6#N/AOpen1/3rd at 122.40, 1/3rd at 98.40 and 1/3rd at 51.00
WTWNov 2021224.16#N/AOpen1/3rd at 232.50, 1/3rd at 224 and 1/3rd at 216.00
XRTDec 202178.32#N/AOpen1/3rd at 91.50, 1/3rd at 83.25 and 1/3rd at 61.50
FINXJan 202226.8#N/AOpen1/4th at 31.50, ¼ at 28.50 and ¼ at 20.40.
SGOLJan 202217.11#N/AOpen¼ of a position
TQQQFeb 202242.15#N/AOpen¼ at 56.10, ¼ at 45.00, ¼ at 41.50 and ¼ at 26.00
DEAFeb 202219.25#N/AOpen¼ at 20.20 and ¼ at 18
VZMar 202248.57#N/AOpen¼ at 51.55 and ¼ at 45.60
URAMar 202221.37#N/AOpen¼ position 23.30 and ¼ at 19.45
XBIJul 202273.5#N/AOpen¼ position
BIBJul 202248#N/AOpen1/5th of a position
  Market Update Options (Current price updated on Mondays and Fridays)
SymbolEntry DateEntry PriceCurent PricePositionComments
IBM230120C00170000Mar 20212.80.19Open1/3rd of a position 4.50 and 1/3rd at 1.11. Sold half at 2.10 for a loss of 25%
KMB240119C00120000Jun 202217.721.63Open¼ of a position
VALE240119C00013000Jul 20222.93.45Open¼ of a position at 15.84 and ¼ at 12.90
QCOM240119C00125000Jul 202225.422.27Open¼ of a position
AAL230120P00010000Apr 20215.10.12Open1/3rd of a position
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Market Psychology: How the crowd always loses in the stock market?

Stock Market Psychology for Dummies: If you have common sense then Mass Psychology is easy to grasp If you understand how the mass mindset operates it provides you with an…
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