Good Friday morning all. VRA Quick hitters;
1) Weakness in European shares today as Deutsche Bank is down 15%, taking the European bank index down 5% on the day.
Read MoreThis 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. From the 10/13 capitulation lows it’s been our view that the equity markets have bottomed and that rates, the US dollar and inflation have all peaked. The action in semis/tech and housing have solidified our views. When the most important market/economic elements of the VRA Investing System… are leading the markets higher…
Read MoreGood Friday morning all. From the 10/13/22 capitulation lows we’ve been witness to a textbook “new bull market”. It’s only just the beginning of a new bull market…one that should last years…just know that we have hit heavily overbought readings on the VRA Investing System (more on this later):
Read MoreGood Thursday afternoon all. The markets look to be setting up for a catapult move higher into year end. The technicals are forming around the 200 dma (after a near parabolic move higher post the 10/13 capitulation into heavily overbought readings), in what looks to me to be a classic consolidation pattern in advance of both the santa claus rally and January effect bullish time frames.
Read MoreGood Thursday morning all. If you were as confused as 99% of Wall Street and the English speaking people of the world were by Fed Chair J Powells presser yesterday, where he reverted to previous form and crushed the stock market, I encourage you to listen to Tylers podcast from yesterday afternoon:
Read More
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2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"
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