Good Thursday morning all. After solid back to back days our markets gave a bit of it back yesterday but we remain buyers into what we expect to be a solid move higher into the midterms and year end. Sentiment, seasonality and analytics are combining to make a strong case for a significant bear market rally.
Read MoreGood Thursday morning all. I’ll be on with our great friend Wayne Allyn Root tonight on the Wayne Root Show at 8:30 PM EST. Listen in on USARadio.com or via Wayne’s site; RootForAmerica.com. We’ll be talking about this (bear) market and the soon to be extreme oversold conditions…
Read MoreGood Thursday afternoon all. The Fed minutes from the July meeting are out and, surprise surprise, they show a Fed with multiple members expressing concerns about tightening rates too much. Good. That means they are actually following the data,
Read MoreGood Thursday morning all, Q2 GDP — Recession in the US Second quarter GDP just came in at a negative .9%, meaning back to back negative quarters and the technical definition of a recession. First, I owe Wayne Root a Las Vegas dinner.
Read MoreGood Thursday morning all. Tuesdays afternoon comeback was impressive (coming off of a near no-bid open…real fear) led by Nasdaq’s 400 point swing higher, and we got a glimpse of that yesterday as the Dow went from -150 to +220 in less than an hour, marking back-to-back afternoon reversals higher.
Read MoreGood Thursday afternoon all. There’s been a repeating pattern over the last 18 months that’s been as reliable as clockwork; once the broad market indexes hit extreme overbought on our VRA short-term momentum oscillators (stochastics) the markets then reverse lower.
Read MoreGood Thursday morning all. Multiple bases to cover this AM. Yesterdays disastrous trading (on the backs of Target/Walmart/Wall Street waking up to the fact that inflation is at least as high as it was some 40 years ago), had the feeling of a weight so heavy that we couldn’t even have a single mini-rally…
Read MoreGood Friday morning all.
While everyone was panicking yesterday morning, we were buyers. We never forget the people in our lives that made the biggest impressions. Professionally, that’s my first mentor Ted Parsons (RIP Ted). Ted’s mentor worked on Wall Street during the crash….
Read MoreGood Thursday morning all. The much awaited CPI data is out and its a hot number, with inflation hitting a 40 year high as the CPI posts a 7.5% annual gain in January. Honestly, don’t most of us look at this number and say “what do you mean it only rose 7.5% year over year…based on what I’m paying for stuff it feels much more….
Read MoreGood Thursday morning all. A big about-face in the markets yesterday, as another weak smart money hour brought steady selling pressures, with each index finishing right at their lows of the day. Nasdaq has now fallen into correction territory, down 10.7%
Read MoreGood Thursday morning all. Yesterday may have been a quiet day on the surface, but like ducks on the water it was a much different story below the water line. We’ve just had back to back days with fresh ATH’s in Nasdaq and Q’s (Nasdaq 100), the semis led the way higher (they’ll hit ATH’s soon),
Read MoreGood Thursday morning all. It seems the Dow and Nasdaq have decided to have massive moves higher, but on alternating days. On Tuesday, the Nasdaq soared 3.7%, while the Dow lagged. Then yesterday, the Dow ramped 464 points higher (+1.5%) while Nasdaq was (slightly) lower by 4 points.
Read MoreGood Thursday morning all. I’ll be on with our great friend Wayne Allyn Root on the Wayne Root Show tonight at 7:30 EST. USARadio.com . Hope you can join us…we have much to cover. Last night I recorded our “Welcome to 2021 Video”. A brief look back, combined with our forecasts for the markets
Read MoreGood Thursday morning all. Big day today. 3rd Quarter GDP came in at a blistering 33.1%, breaking every record known to man. Now we get to find out if its a “buy the rumor sell the news” event. And this is a huge day for earnings, with the biggest of big tech reporting (after the close).
Read MoreGood Friday morning. In this Special VRA Election Update we are focusing on market signals that may be pointing to either a Biden or a Trump win. Observing the action in the markets and key sectors, historically, global investing patterns…
Read MoreGood Thursday morning all. Last nights debate was everything an informed voter would want to see. Pence and Harris able to give semi-lengthy answers about their positions, without interruption. As we did with the Trump-Biden debate, lets see what the leading debate polls had to say:
Read MoreFollowing another sharp move higher yesterday, our melt up move higher forecast continues. We're learning this morning that Mnuchin has raised his stimulus total offer to $1.7 trillion, including another round of $1200 checks and a further bump in PPP,
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"Kip's VRA financial newsletter is a MUST read for every saavy investor in this country. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."
--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"
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