Good Thursday morning. Heads up; I’ll be on Wayne Allyn Roots new hit show on Frank Speech (Frank Network) tonight at 7:30 PM EST. Wayne, as many/most reading this know...
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. July CPI (consumer prices) gained 3.2% on an annual basis, less than the 3.3% consensus from economists estimates. On a month-to-month basis, inflation increased just 0.2%, which was in-line with estimates while year/year CPI came in at 4.7%, matching estimates. The report also said real average weekly earnings were unchanged last month, in another positive sign that the Fed can be less concerned about a wage price spiral.
Read MoreGood Friday morning all. As we’ve covered over the last year, the current bear market…the 3rd in 4 years…actually started in February 2021. That’s when groups such as SPACs, meme stocks, China, biotechnology, etc hit a top and started to decline.
Read MoreGood Thursday morning all. 1% losses across the board yesterday but we did see an improvement in the internals (most notably in Nasdaq where up/down volume was flat). The markets are in mini-correction mode based primarily on the 3 factors…
Read MoreGood Thursday morning all. Another poor jobs report (ADP) took the Dow down 323 points yesterday. Like the Obama economy, we should get used to reports like this. Soon, and take this to the bank, they’ll be manipulated to start looking better, with part time…
Read MoreGood Thursday morning all. China’s warnings about “unreasonable commodity price rises” and their latest verbal attacks against crypto’s/Bitcoin resulted in an “everything must go” sell-off yesterday morning. From stocks, bonds, commodities to cryptos,
Read MoreGood Friday morning all, The VRA System has been upgraded to 4/12 screens bullish (from 3/12). Not a significant change but the action in market leadership, internals and the tape are improving. Still, we see this as a bear market rally that will result in some form of a retest….
Read MoreGood Thursday morning all. VRA Members Podcast (17 minutes) -Thank you for your emails, feedback and research. Please, keep it coming. -Good news, hard truths and how we crush Mr Market. -5.5 million initial unemployment claims. 22 million in 4 weeks. Welcome to our depression.
Read MoreGood Thursday morning all. Bull markets love climbing a wall of worry. Bull markets actually perform better when the fear seems greatest, another testament to the power of (contrarian) sentiment as market mover. Our current bricks in the wall? Trumps impeachment trial in the senate started this week…
Read MoreGood Thursday morning all. Impeachment headed to senate…no one seems to care…as it should be. US-China phase 1 trade deal…no one seems to care…that’s a major mistake in our view. To understand just how big of an accomplishment…
Read MoreGood Thursday morning all. Overnight we learned that US-China trade talks are back on, with mid-level talks beginning this week and the big kahoonas confabbing next month. DJ +443 as I write. Global markets are also in rally mode on the heels of Hong Kong withdrawing plans to enforce their extradition bill,
Read MoreGood Thursday morning all. We’re in the dog days of summer. Low volume sell-offs, like yesterday, during one of the worst months of the year (August). Not even close to a big enough reason to sell. We’re also seeing classic signs of a reversal higher as the TRIN (short term trading index) closed at 3.65.
Read MoreGood Thursday morning all. To give you an idea of just how out of whack investor sentiment is, with US markets just 5% or so away from all time highs, check out last nights AAII Sentiment Survey reading. 21.7% bulls (down 16.8% on the week) with 48.2% bears (up 48.2% on the week).
Read MoreAll eyes are on the G20 and Presidents Trump/Xi meeting on Saturday. Earlier this week, Treasury Secretary Steve Mnuchin stated that “we’re 90% of the way there”. I wished he had said nothing of the sort. Our view is unchanged. We’ll be surprised if a trade deal is completed…
Read MoreGood Thursday morning all, The move higher in stocks continues on the heels of the best week in ’19 and news of Mexico immigration/trade deal. Next up, G20 and Trump-Xi meeting, June 28–29. Does a US-China trade deal even matter? Not according to this new study…
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 Thursday morning all. All eyes are on US-China trade talks in DC, where Trump has announced that beginning Friday, tariffs on $200 billion in Chinese imports will rise from 10% to 25%. Frankly, this amount is not a big concern.
Read MoreGood Friday Morning all, Tyler Herriage here with you for today’s update. After a slow last 2–3 sessions, the markets are positive as we received the closely watched Labor Department’s monthly employment report this morning, which came in with a blowout number.
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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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