Good 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. 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. Excellent day in the Dow Jones yesterday (+210…we love both the Dow and R2K charts here) but slow summer-like day elsewhere. ATH’s once again in S&P 500 and we’ve now had back-to-back-to-back days with ATH’s in the semis as SMH put up a bit of a furious rally…
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. 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 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. Reminder that markets are closed tomorrow for Good Friday. First quarter 2021 is now in the books. As Tyler covered on our VRA Podcast yesterday, how remarkable that the Nasdaq and Russell 2000 each had “lightning fast” 10% corrections,
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. 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 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…
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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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