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Trading Ideas

This Market Is Dead Money

Macau – an autonomous region on the south coast of China – is nicknamed the “Las Vegas of Asia.”

Its giant casinos and malls on the Cotai Strip make it a huge tourist attraction for Asian gambling.

And for investors, Macau’s gambling revenue is one to watch. It can signal emerging market moves.

Emerging markets have struggled this year due to global macro forces like trade wars and a stronger dollar, as well as local issues.

And today’s chart signals the pain could continue.

What’s great about the Macau indicator – the year-over-year growth of gambling revenue – is that it’s a consumer sentiment barometer.

Forget …read more […]

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Tesla's mounting problems could have been easily avoided (TSLA)

Tesla and Elon Musk have made several bold decisions over the past few years that have created major, costly problems for the company. If he had, Tesla could be thriving now, but at a smaller scale. It would be an understatement of the highest order to say that Tesla has been in any way boring for the past 12 months. …read more […]