Good Thursday morning all. Excellent day in the Dow Jones yesterday (+210…we love both the Dow and R2K charts here) but slow summer-like day elsewhere. ATH’s once again in S&P 500 and we’ve now had back-to-back-to-back days with ATH’s in the semis as SMH put up a bit of a furious rally…
Read MoreGood Wednesday morning all. Given the fear in our markets right now, it’s a good time to share the thoughts of VRA Member Ed from Texas. 30 year veteran insider from the tech/semi industry. His insights on supply chain fears are quite a bit different from what we’re seeing from our financial MSM. Smart money right here.
Read MoreGood Thursday morning all. With 10/12 VRA Investing System Screens bullish and with investors (of all sizes) heavy in cash and heavily bearish, we are gearing up for a major breakout to the upside. If you’re new here, a quick recap. First: We’ve beaten the markets in 15/16 years of the VRA.
Read MoreGood Friday afternoon all, Tyler here with you for today’s update. As Kip mentioned in yesterday’s update the VRA Investing System has been downgraded from 10/12 screens bullish to 9/12 screens bullish. We have been at 10/12 screens bullish since June 19th,
Read MoreFed Meeting, Powell Getting Better! 1/4 point rate cut and presser behind us. All pretty much as expected. Fed Chair Powell did ok. The trading action during and just after the Fed presser is typically sporadic and not always easy to trust. Here’s what we do know; the cut has now taken place.
Read MoreGood Friday morning all. The June jobs report is in and the number is a big beat. 224,000 jobs created with only minor revisions lower over the last 2 months. The bears will tell us that this should send stocks lower, as it removes the odds of a rate cut later this month. Ignore the bears…keep buying our VRA Portfolio buy recs.
Read MoreGood Thursday morning all. Our major U.S. indexes opened lower this morning as the U.S. administration is applying maximum pressure on China via attempts (along with US allies) to essentially shut Huawei down. Huawei is huge. As the largest telecommunications manufacturer on the planet…
Read MoreGood Thursday morning all. A staple of the strongest bull markets of my career have been their ability to overcome all obstacles as they continue hitting new highs. In Wall Street lingo it’s called “climbing a wall of worry”. Powerful bull markets feed off of fear and worry.
Read MoreGood Friday morning all. Permabear after permabear, Trump hater after Trump hater, has been predicting a recession in the US. At minimum, they’ve predicted an “earnings recession”, where corporate earnings decline. Bloomberg even said this morning…
Read MoreGood Thursday morning all. With just over a week to go in Q1, here are our updated VRA Portfolio results: VRA Portfolio: +38.3% S&P 500: +12.7% VRA outperformance (vs SPX): +292% VRA annualized return: +152% We only own 10–12 stocks at any one time.
Read MoreGood Thursday morning all. What could be the most bullish signal for global stock markets and a resurgent worldwide economy? Easy. NY Times economist Paul Krugman predicting a global recession, as he did over the weekend at an investment conference.
Read MoreGood Thursday morning all. Bit of a quiet morning so far. Morgan Stanley (MS) reported earnings and it was a big miss, with the shares down 5% as I write. But folks, have you seen what the financials have done this week? Big, 8–10% moves higher,
Read MoreGood Thursday morning all. Our broad market recovery move higher continued yesterday as FOMC minutes were released that showed Chairman J Powell and Fed Governors explicitly “meant to say” that their December rate hike came with dovish expectations going forward…
Read MoreGood Friday morning all. I’ll repeat…December ’18 will be viewed as an aberration. A perfect storm of stock market negativity…90% of it structural/political…that marked significant long term lows. And we have some hard evidence to back it up.
Read MoreGood Thursday morning all. As expected, J Powell’s Fed hiked rates to 2.5% yesterday. The DJ had hit an intraday high of +330 just moments earlier…then Powell started talking…. -500 DJ within 30 minutes, before closing -351. Powell said two things that sent the markets lower (850 point swing in the DJ):
Read MoreGood Friday afternoon all and what a week it has been. Markets were closed this Wednesday for the DC memorial of former President George HW Bush, and today we remember the attack on Pearl Harbor and the 2400 American lives lost. I had not seen the video below until today.
Read MoreGood Friday morning all. What a week. The Fed admits they screwed up and the DJ rallies 1000 points for the week. The 10%+ correction that should never have happened. My mentors (RIP Ted Parsons and Michael Metz) taught me so much about the psychology of investing. The emotions of money…wow.
Read MoreGood Friday morning all. Hitting the most important bases this morning…clear signs that the velocity of the sell-off of the last 2 days (Dow Jones 1300 point loss) was algo driven with capitulation everywhere we look. This is not a crash. If it were, gold would be catching a serious bid, debt markets would be showing signs of panic…
Read MoreWe see no structurally negative issues in this market. We see a market that’s building energy, with powerful fund flows into US equities that continue to overwhelm would be sellers. The most pressing negative could be share buybacks, which are halted for companies soon to announce Q3 earnings (4–6 week blackout period).
Read MoreVRA Bottom Line: The US (Trump) invited China back for new round of negotiations. The invite from Trump allows China to save face, as they ultimately bend to Trumps will. Make no mistake…this is exactly what’s happening here. Chinas markets/economy have been hit HARD,
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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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