Good Thursday morning all. From +518 to -461 at the close, the Dow Jones had a near 1000 point reversal lower yesterday. An even larger percentage decline occurred in Nasdaq, which had a near 600 point swing.
Read MoreGood Thursday morning all. It has been a mixed week for our markets as higher interest rates and our leadership tech/growth stocks tend not to be besties. As we are wrapping up the worst 30 day period for the markets but also as we prepare to enter the best 7 months for the markets (October- May, going back some 70 years) …
Read MoreGood Thursday morning all.
Following yesterday's ramp higher US markets (DJ, SPX) are sporting gains of 40% from their 3/23 lows, with internals that continue to point to strength but also with our markets hitting extreme overbought.
Read MoreGood Thursday morning all. Not only was yesterday a big up day across the board, with gains of 1% to 1.5% in each of our broad market indexes (small caps led the way, +1.51%. Importantly we had confirmation from the internals, namely in NYSE up-volume,
Read MoreGood Friday morning all. Some interesting data here; for the last 6 months the markets have sold off into today’s options expiration, with those Friday lows marking THE lows into months end. And here’s MORE bullishly compelling data from our investor sentiment surveys.
Read MoreGood Thursday morning all. As we have covered in previous updates, as bad as J Powells track record is (once his pressers begin the markets immediately start to tank), JP actually scored a win yesterday. When he began speaking the Dow was -309 and Nasdaq -104, but by the close the Dow was -265…
Read MoreGood Friday morning all. Yesterday's trading brought fresh ATH in the S&P 500 with the Dow and Russell 2000 less than 1% from ATH and Nasdaq starting this AM at 1.3% from ATH. And while yesterday's internals were nothing to write home about (meme wars), we continue to like what we see as the semis
Read MoreGood Thursday morning all. Breaking news from the ADP jobs report this AM which came in at 978,000 jobs created vs estimate of 650,000. I can tell you that there’s some nervousness around the May jobs report that’ll be out tomorrow morning (8:30 AM EST),
Read MoreGood Thursday morning all. This feels as much like a goldilocks market as I can remember. You know the reasons we’re bullish…the reasons we’ve been aggressively bullish for the last 14 months…but its primarily about two issues. These are the most important two issues of any bull or bear market;
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 Thursday morning and welcome to the first trading week of May. As we have covered in these pages each year, from 2003 on, May to October are the markets worst 6 months of the year with >90% of all stock market gains occurring from November to April.
Read MoreGood Thursday morning all. Quite the mid-day reversal yesterday, immediately following the Coinbase IPO. Coinbase, which we will own in the VRA Portfolio at some point soon, debuted by popping to $429/share (priced at $250), giving it a first day market cap of $100 billion,
Read MoreGood 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. 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.
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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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