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 MoreGood Thursday morning all. Not only was yesterday's huge move higher in stocks a textbook display of a new bull market (with semis up 5%, nasdaq +4%, leading the way higher), but we saw it in the internals as well with an 88% upside volume day for NYSE and near 7:1 advance/decline. No one was buying J Powells hawkish comments…the markets know what’s coming next (rate cuts).
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. Multiple bases to cover this AM. Yesterdays disastrous trading (on the backs of Target/Walmart/Wall Street waking up to the fact that inflation is at least as high as it was some 40 years ago), had the feeling of a weight so heavy that we couldn’t even have a single mini-rally…
Read MoreGood Thursday morning all. As we start trading today the VRA Portfolio is up 17.6% in 2022. That compares to losses of 10-14% in our broad markets. Folks, this feels like on of those years for our stocks. I remember this feeling, similar to the years we’ve put up 100-200% + net gains.
Read MoreEven as countries all over the world adopted elements of fascism (most all but Sweden, really), for those that still couldn’t see CV insanity as the “plandemic” that it is, after Canada’s invocation of the Emergency Act…full-on hard-core fascism from our northern neighbor…
Read MoreGood Thursday morning all. As we welcome new VRA Members it’s important that we’re all on the same page. That means understanding the VRA Investing System, ensuring that we are positioned to crush Mr. Market. As we begin trading today, the VRA System sits at 9/12 Screens Bullish.
Read MoreGood Friday morning all. Following a solid intraday reversal higher into the close that sent multiple indexes and sectors to ATH (including SPX, Nasdaq, Housing and Transports) the Dow Jones is giving back 2/3’s of yesterday's gains this AM. Earnings continue to destroy their comps of Q1 2020.
Read MoreGood Thursday morning all. Market softness continued yesterday, following a solid open with good internals, as mid-day selling pressure took the Dow from +320 to slightly negative at the close. Nasdaq weakness was pervasive throughout the day, taking the index -2% at the close.
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 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. New closing highs in Nasdaq with a golden cross in S&P 500 looking pretty certain today, even as most everyone that I know, speak with and follow feels like the bottom could drop out at any moment. With CV mass hysteria raging (again),
Read MoreGood Friday morning all. 7 trading days ago we were hitting all-time highs with our most overbought conditions since Trump was elected (put-call ratio, momentum oscillators and % of S&P 500 over 200 dma). Both Barrons and Forbes told us, on their covers no less,
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 Friday morning all. December's employment data came in with 145,000 jobs created (slight miss) and unemployment rate of 3.5% (50 yr low). The Trump Economic Miracle continues. If you’ve been with us over the last 2–3 years you know we’ve been ultra bullish on the US economy…
Read MoreGood Thursday morning all. Yesterday President Trump was impeached in the House. Regardless of how right or wrong it may be, get ready for non-stop never-Trump MSM coverage and political ads with “Trump is only the 2nd president in modern times to be impeached”.
Read MoreGood Thursday afternoon all. For today’s update, we want to get into PM’s and miners. PRECIOUS METALS AND MINERS For our newer VRA Readers, a quick trip down memory lane. In our second ever VRA Update (2003) we recommended gold and silver,
Read MoreGood Friday morning all. An important (early) heads up. While we remain very bullish, medium to LT, there’s a scenario that we believe is becoming increasingly likely….we’ll be surprised if the markets like it much. The House is going to impeach Trump. There’s almost no scenario at this point where they do not.
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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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