Good Thursday morning all. We begin this morning with a tip of the cap to the Fed’s J Powell. Not only did the Fed nail their written FOMC comments (no rate hikes through 2023) but Powell followed it up with a strong presser, rarely going off-script. More of this please.
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. Last night Tyler joined our great friend Wayne Allyn Root on the Wayne Root show, talking bull market of markets, the liquidity/stimulus nearing and why “every” business owner should submit their apps for this new round of PPP.
Read MoreGood Thursday morning all. Earnings continue their solid beats, both on the top and bottom line, as it looks increasingly clear that we are early in the economic and earnings recovery cycle. If we’re right, pullbacks going forward will continue to be shallow and short-lived.
Read MoreGood Thursday morning all. Breaking news this morning from the Bank of England, which stated flat-out “Banks should start preparations for negative rates, if needed”. My spidey senses tell me the BOE wouldn’t have made this statement…out of the blue…unless the odds of negative rates were not high.
Read MoreWhat’s happening now, to you, me and regular investors everywhere is criminal. You’re furious, I’m furious, anyone that understands fair play is furious. Robinhood, Etrade, Ameritrade, etc…they belong in the dustbin of investing history.
Read MoreGood Thursday morning and a big, bright and beautiful hello to 2021. At this time last year the potential for a great 2020 seemed (very) high probability. Huge stock market gains and a second term for Trump, seemed all but baked in the cake. Turned out our planners had other plans…2020 became the year of coronavirus insanity.
Read MoreGood Thursday morning and a Merry Christmas eve. Note; today is a half day of trading…we’ll see you back here Monday morning (and there will be no VRA Podcast this afternoon). Solid day of trading yesterday until the final few minutes when Trump vetoed the $740 billion (annual) …
Read MoreGood Friday morning all. The November jobs report is out and it’s a mixed bag. Big miss on estimates, with just 245,000 jobs created vs estimate of 469,000 but the unemployment rate fell to 6.7%. Month to month, trying to make sense of any government statistic is a fools errand, but it's the trend that’s worrisome.
Read MoreGood Friday morning all. The public is coming back into equities in a big way, with global retail investors surging over the last 2-weeks to record inflows. At the same time, cash on the sidelines is plummeting as sentiment quickly flips from fear to greed, with short interest in S&P 500 stocks…
Read MoreGood Thursday morning all. I have so much to say right now that this should really be a VRA Members only podcast. I’m going to do one soon. Some of these sworn affidavits being submitted are almost impossible to believe. Rudy Giuliani got into one last night.
Read MoreGood Friday morning all. Octobers jobs report is out and its a good report. 638,000 jobs added…just a bit on the low side…with the unemployment rate falling to 6.9%, a big beat from the estimate of 7.6%, and a full percentage point lower from Septembers 7.9%. Dow futures were -200…
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. We’re getting the overbought pullback that we’ve been discussing here this week. Yesterdays Internals were mixed to negative with no signs so far that this might get nasty but Dow futures are -330 this am.
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,
Read MoreGood Thursday morning all. Multiple important bases to cover this AM. 1) Yesterdays sell-off took place on 90% downside volume in NYSE. Old school market watchers look for these as a signal of selling capitulation. We will need to see a corresponding upside day in order to validate.
Read MoreGood Friday morning all. Markets were less than enthused by what they heard from J Powell and the FED this week. On the one hand they said they would keep rates near zero through 2023…that’s been the case for all of 2 of the last 10 years…but on the other…
Read MoreGood Thursday morning all. Another set of new ATH’s in S&P 500 and Nasdaq yesterday while the Dow jumped 454 points (+1.6%), putting it just 468 points from hitting its own ATH. And the internals finally improved yesterday…after two weeks of “blah” readings. Good to see.
Read MoreGood Friday morning all. US and global markets taking a pause after hitting new ATH's this week in consumer discretionary, consumer staples, semis, health care and home builders. New highs tend to beget new highs. With no resistance above in these sectors,
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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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