This morning we learned that weekly jobless claims came in at just 190,000, another incredibly low reading which backs up a series of economic data from the last 1–2 months that show the economy is actually accelerating, rather than slowing down.
Read MoreAs our markets complete their overbought “pause”, we believe seasonality is playing a major role as the second half of February is historically weak. It’s actually one of the worst two weeks periods of the year.
But soon, our overbought sell-off will be behind us. Based on VRA System readings, by weeks end we should be hitting oversold levels that typically mark reversals higher, especially near the birth of new bull markets.
Good 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. The good news? Both the S&P 500 and Dow Jones hit (intraday) all-time highs yesterday. The bad news? It didn’t last long. Following the FOMC minutes, with news that several on the Fed say they want to have “multiple rate hikes,
Read MoreGood Thursday morning all. As we have covered in previous updates, as bad as J Powells track record is (once his pressers begin the markets immediately start to tank), JP actually scored a win yesterday. When he began speaking the Dow was -309 and Nasdaq -104, but by the close the Dow was -265…
Read MoreGood Thursday morning all. Another “must watch” monthly economic report was out yesterday as the April CPI came in hot at 0.8% vs consensus estimate of 0.2%. But let’s be real…like the April jobs report, none of these monthly reports are actually “must watch”.
Read MoreGood Thursday morning and welcome to the first trading week of May. As we have covered in these pages each year, from 2003 on, May to October are the markets worst 6 months of the year with >90% of all stock market gains occurring from November to April.
Read MoreGood Thursday morning all. Reminder that markets are closed tomorrow for Good Friday. First quarter 2021 is now in the books. As Tyler covered on our VRA Podcast yesterday, how remarkable that the Nasdaq and Russell 2000 each had “lightning fast” 10% corrections,
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.
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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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