Good Thursday morning. In Wednesday's VRA Letter, as Nvidia was falling 7% and taking the markets with it, I wrote the following:
“This looks nothing like panic selling or a liquidity event of the type that would take the broad markets sharply lower.
Read MoreDid you catch Kip Herriage on Real Americas Voice (RAV) for Wayne Allyn Roots' new hit show “The Root Reaction” last week?
If not, I have included the link at the end of this post.
Check out Kip’s latest interview on The Root Reaction with Wayne Root.
As we see it, too many remain in the dark about the generational bull market underway, featuring soaring corporate earnings, led by consumers & companies in their best shape in decades.
Read MoreGood Thursday morning. We start the week with 11/12 VRA Investing System Screens remaining bullish (record).
If you pay close attention you start to notice “personality traits” of each bull (or bear) market. I see several in this bull market…
Read MoreGood Thursday morning. As our resident Fed watcher covered on his podcast yesterday after the close, J Powell’s presser contained a lot of words, but should serious investors even continue to listen to him?
After 5 major policy errors since he got the job (from Trump) in 2018, Powell and team have been (exactly) wrong far more than they’ve been right.
Read MoreWe have been calling this “the resilient bull market”. Coming out of Q1 earnings we’ve had some rather horrible internals…the trannies (our second most important economic indicator, behind housing) just got hit 9% in a month…
Read MoreGood Thursday morning. It’s always great being on with Charles Payne. There aren’t many smart-money “talking heads”, but Charles is one of them. The reality is that the vast majority of media personalities know that “fear sells” so they pander to worst-case scenarios
Read MoreGood Thursday morning all.
This morning the Bank of England’s messaging made it clear that they will soon be cutting rates. The ECB is very close to that same decision. We expect both central banks to cut rates in June…
Read MoreGood Thursday morning. Just prior to publishing “The Big Bribe” in the fall of 2022 we went aggressively long the market, citing our primary base case;
We’re in the Roaring 2020’s, powered by consumers and US co’s in their strongest financial shape in decades…
Read MoreGood Thursday morning. We’ve dedicated much of the last week's VRA Letters to the “war risks” and corresponding action in the broad markets. We’re now just a few days away from Q1 tech earnings kicking off in style, with high profile names Tesla (next Tuesday), META (Wednesday) and Alphabet, Amazon, Intel and Microsoft set to report next Thursday. We see a great setup unfolding…
Read MoreGood Thursday morning. To start the week we barely had a day of (some) selling pressure in US equities and the same people that rarely (if ever) beat the markets are already warning of a severe market correction.
Read MoreGood Thursday morning. After spending more than a year writing “The Big Bribe” Tyler and I published it just prior to the 10/13/22 bear market lows. We forecast a boom time in America, with the Roaring 2020’s as the theme.
Read MoreGood Thursday morning. These short term mini-pauses have done wonders for the overbought readings on our VRA Investing System. Today, even as our markets are just off of all-time highs, those overbought readings are gone. This market still has room to run.
Read MoreGood Thursday morning. The AI “king of the hill” did it again yesterday with Nvidia posting (another) quarter with absolutely stunning growth.
NVDA Bottom Line, as Tyler outlined in his podcast yesterday:
- Earned $5.16/sh, beating already sky-high estimates of $4.64/sh.
- Revenue also came in above expectations, totaling $22.1 billion vs forecasts for $20.5 billion.
Read MoreGood Thursday morning. Long-time VRA Members may remember that from the end of the bear market (10/13/22) we’ve written often about the “action” of this market and the fact that it’s largely been “textbook bull market action”. We’ve seen this repeating pattern again this week, as the Nasdaq and Semis continue to rally into market closes finishing at/near their highs of the day.
Read MoreGood Thursday morning. As I explained on my podcast yesterday, J Powell went off script at his presser and likely just made “another” policy mistake, which will be his 5th since taking the appointment to Fed Chair.
I repeat; J Powell is the worst Fed Chair of my time…
Read MoreGood Friday morning. As if right on cue, the semis and megacap tech stocks surged to ATH’s yesterday, in advance of Q4 tech earnings that kick off in earnest next week. When the semis (SMH), tech (XLK) and Nasdaq 100 (QQQ) are hitting new ATH’s together they’re giving us a crystal-ball road-map for the broader markets.
Read MoreGood Friday morning. The yo-yo trading of 2024 continued yesterday, however one constant proved up again; the semis (SMH) and tech (nasdaq) once again reversed sharp opening losses to finish higher on the day. Tell.
Read MoreGood Thursday morning. 2023 marked 17/20 years that the VRA has outperformed the markets. The VRA Portfolio finished the year with gains of 50.26%, beating each US equity index (S&P 500, Dow Jones, Nasdaq, Russell 2000) with the Nasdaq as our closest competitor (+43.7%). Our comp each year is the Russell 2000 (similar risk profiles), which finished 2023 with gains of 15.1%.
Read MoreGood Friday Morning all.
Another ATH in the Dow and more leading sectors and stocks than we can count. The rest of the broad markets will soon follow right along. Then it will be “new highs beget new highs”. We’re watching a textbook, early bull market in action.
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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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