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Monday, August 4th
“I realized early on that the academy and the literary world alike — and I don’t think there really is a distinction between the two — are always dominated by fools, knaves, charlatans and bureaucrats. And that being the case, any human being, male or female, of whatever status, who has a voice of her or his own, is not going to be liked.”
– Harold Bloom
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Markets Today
🌏 Asia-Pacific: Up
🇪🇺 Europe: Up
🇺🇸 United States: Up
🛢️ Oil: Down
⚡Crypto: Up
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A simple X on your chart could be the most powerful buy signal…
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Major Market Events
- Tesla grants Elon Musk $29B in shares — Shareholders approve massive equity award aimed at keeping Musk focused on Tesla’s growth
- Stocks rebound as tariff deadline looms — Markets bounce after Friday’s selloff, with investors eyeing new trade deadlines later this week
- China restricts mineral exports to U.S. defense sector — Beijing tightens supply of critical elements, escalating geopolitical tensions over strategic resources
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🤔 My Thoughts
A crash is coming… here’s how we’re hedging
Jeffry sees a major correction coming — and Geof’s already mapped out the perfect hedge
Jeffry Turnmire made a call on Friday’s show that grabbed my attention — and might deserve yours too.
“we’re due a 5 to 600 point move on the S&P 500… this is a relatively benign day compared to what’s probably going to come down the pipe”
That’s not a 2008-level implosion. But it’s a 10% drop from Friday’s levels — and if you’re unhedged, that can hit hard.
Jeffry thinks a lot of folks are getting lured in at the top. FOMO (Fear of Missing Out) builds, then bam — the floor gives out.
“They’re like, oh, now’s the time to get in. And then bam, all of a sudden it hits them and they’re like, what happened?”
So here’s the question: What can an Average Joe do to prepare?
Geof’s No-Drama SPY Hedge
Geof Smith laid out a clean, no-drama way to hedge against exactly this kind of setup.
Geof’s looking at out-of-the-money puts about six weeks out, ideally priced in the $1.00 to $1.50 range.
That gives you enough time for the move to play out — and enough leverage to make the hedge count if it does.
“About 2 SPY puts for every 50 grand in an account” he told us.
It’s simple math. If the drop comes fast — like Jeffry’s suggesting — those puts can give you leverage on the downside. And you’re not swinging for the fences:
“once you get up 100% on them. Sell half of them off, or 2 thirds of them”
It’s not about fear. It’s about remaining disciplined and taking control of a situation. A measured hedge that you stay in the game while protecting your positions.
Join me LIVE right now — the room’s already open.
We’ll talk about what I’m watching, what I’m hedging, and what I’m still willing to buy.
Register your spot here to join us next time we go live!
To Better Trading,
Alex Reid
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