The entire Presidential Arts and Humanities Committee just resigned, some 16 people.

Apparently, the group, which is responsible for making recommendations on government spending in the arts, doesn’t believe there is such a thing as a “nice” Nazi.

That is in sharp opposition to the president.

But I would say that’s only because they hadn’t gotten to know the Nazis. Perhaps the president will declare a “Take a Nazi to Lunch Day”?

It makes the firing of former White House Chief Strategist and former Breitbart News Network chairman Steve Bannon seem anticlimactic, a mere afterthought.

With this body blow, it’s all over but the crying.

The Borgias are blushing, and the White House revolving door needs new bearings.

If you can’t rely on a bunch of Machiavellian, scheming, backstabbing liberal arts majors, who can you trust?

You might as well start packing up the White House furniture now, while movers are still cheap.

All we need next is the laundry list from Special Counsel Robert Mueller, and Vice President Michael Pence will be moving across the street to his new digs at 1600 Pennsylvania Avenue.

The day that happens, you can count on the Dow Average to rocket 1,000 points, as the Trump drag is removed from the economy.

Isn’t it odd that Pence hid out in Panama all week while the Game of Thrones was playing out in DC? We’ll know exactly why in ten years when his tell all book comes out, for an upfront $60 million royalty.

While Washington was in turmoil, money has been raining down on the followers of the Mad Hedge Fund Trader.

I have been peddling as fast as I can, bobbing and weaving, going long here and short there, and clocking one of the best months of the year.

I have done nothing less than executing some of the best trades in my career.

I bought (VXX) call options outright hours before the sharpest move up in history, some 70%.

I made a one-day profit of 44%. Those hardy souls who held on for the extra day ran up a near double.

Yes, I’ll take trades like that all day long.

As a result of this trade, we are now up 5.58% for the month of August, 30.23% in 2017, and 49.27% over the past 12 months.

Our average annualized eight-year return now stands at 32.45%.

It seems that the harder I work, the luckier I get.

As for new subscribers who have grown weary from the Biblical flood of Trade Alerts, I offer no apologies.

Market sweets spots don’t occur every day.

You have to strike while the iron is hot, make hay while the sun shines, and I can’t think of a third metaphor for having to act fast.

This leaves me with an aggressively neutral position so I can run up another giant month.

For “RISK ON” positions I am long US Steel (X), Goldman Sachs (GS), and short a double position in volatility (XIV), and short bonds (TLT) again.

My “RISK OFF” positions comprise of a double long in gold miners (GDX) and (ABX), and shorts in Apple (AAPL) and Goldman Sachs (GS).

My big view is still that we are seeing a modest, long overdue 5% correction that we are 56% into. There is major support for the (SPY) only $2.7 points, or 1% below.

And my Mad Hedge Market Timing Index is already indicating a strong“BUY” at 17, the lowest reading in two years.

There is a ton of cash sitting under the market, and it will be put to work as soon as the BSD’s return from the beach and Washington quiets down.

The bull market lives, but sector leadership will change when we emerge from the wreckage of the current pull back.

That is what the US dollar (UUP) is screaming at us with its current strength.

This coming week will be a dismal one on the data front, with “summer vacation” written all over it.

On Monday, August 21 at 8:30 AM EST, we will see the Chicago Fed National Activity Index a weighted average of 85 indicators that give an early read on inflation.

On Tuesday, August 22 at 9:00 AM EST we get the July FAFH Home Price Index, but we already know the market is red-hot

On Wednesday, August 23, at 10:00 AM EST we learn July New Homes Sales.

At 10:30 AM EST the weekly EIA Petroleum Status Report is out, which could kill the recent 15% rally in Texas tea.

Thursday, August 24 the Jackson Hole Economic Conference starts, and we will get to see a lot of pretty pictures of the Rockies, although not as nice as Lake Tahoe.

At 8:30 AM EST we learn the Weekly Jobless Claims. Last week’s number saw a bearish slight tick up.

On Friday, August 24 at 8:30 AM EST we see the second day of Jackson Hole when Janet Yellen speaks.

Wrapping up the week at 1:00 PM is the Baker-Hughes Rig Count, which has been up for most of the last year, boding ill for oil prices. Last week saw another new 18 month high, with 11 rigs added.

I hear that the chaos on Monday has become so great that the sun will be blotted out on Monday. No doubt, Trump will take credit.

As for me, I will be standing in the back yard on Monday.

If you have been living in a cave for the past month and DON'T know there is going to be a total solar eclipse on August 21^st, here are the beginning local times: 9:05 AM Pacific Standard Time, 11:46 AM Chicago Time, and1:16 PM EST.

In the meantime, Amazon is scrambling to recover thousands of pairs of fake solar eclipse glasses that devious third parties sold through their site. Use them and your eyes burn out.

Ah, the wonders of free trade and deregulation!

The temperature will fall while the eclipse is on, animals will go crazy, and trading volumes will shrink to a trickle.

The next US total eclipse is in 54 years, and I am already making plans to see it.

Good luck and good trading!