Good Friday morning all. Yesterdays FED minutes spooked the markets…just a bit…as they confirmed their hawkish interest rate policy into year end of into ’19. Here’s the bottom line; the FED will hike again in December. Thats a certainty, making it 9 straight rate hikes.
Read MoreGood Friday morning all. Hitting the most important bases this morning…clear signs that the velocity of the sell-off of the last 2 days (Dow Jones 1300 point loss) was algo driven with capitulation everywhere we look. This is not a crash. If it were, gold would be catching a serious bid, debt markets would be showing signs of panic…
Read MoreVRA Bottom Line: The US (Trump) invited China back for new round of negotiations. The invite from Trump allows China to save face, as they ultimately bend to Trumps will. Make no mistake…this is exactly what’s happening here. Chinas markets/economy have been hit HARD,
Read MoreNo doubt, many of you played chess growing up. Many of the worlds best investors do. Chess and Risk, those were our games of choice. If you’ve never played a really good chess player, it’s most similar to playing a good poker player…you feel like they’re renting space in your head.
Read MoreGood Thursday morning all. This week’s surge higher in US stock prices was credited to Trumps trade deal with Mexico and as details begin to emerge, we’re learning just how serious Trump has been about “actual free trade” all along. We’ve covered this here often;…
Read MoreGood Thursday morning all. Bit of a pause in US markets yesterday, if you could even call it a pause. Once new all time highs are hit, some consolidation usually takes place. But I don’t expect this pause will last long.
Read MoreGood Friday morning all. Following a big (bullish) day higher yesterday…with solid market internals… here are my thoughts this morning. Buy the dip is evolving into “aggressively buy the dip” for US stocks. This bodes well for our markets as we finish the year out. Again, with just 36% bulls on AAII Sentiment Survey,
Read MoreGood Friday morning all, A heads up on the broad market and VRA System readings. Weakening internals could be pointing to short term market weakness. In mid-term years, August can be a shaky month, seasonally speaking.
Read MoreGDP came in at 4.1%, just a hair below consensus estimates but still the best quarterly GDP growth since 2014. Two things stand out as I read the report quickly; 1) exports added 1.06% to GDP, the highest amount since 2013 and nonresidential business investment grew by a big 7.3%, which should bode well for Q3 GDP.
Read MoreSecond quarter earnings are beating estimates, across the board. Roughly 9% of S&P 500 co’s have reported and something like 80% have topped analyst estimates. While this is not unusual, the following is; fewer than 5% of co’s that have reported have tamped down Q3 earnings estimates.
Read MoreGood Friday morning all. Over the years, we’ve seen this movie before. We’ve seen it many times. Remember the global market hysteria surrounding Greece potentially leaving the EU, where the Euro and European banks would crash, taking the worlds economies with it.
Read MoreGood Friday morning all. Hope everyone had a a great July 4th holiday! Employment data for June was just released, showing the US economy and jobs market continues to grow at an expanding pace. 213,000 jobs were created, beating the estimates of 195,000. In addition, April and May were revised higher by 37,000 jobs.
Read MoreGood Friday morning all. Just a week ago we began warning about the VRA Investing System’s extreme overbought levels in our market leaders, the Nasdaq and Russell 2000. What followed was an almost immediate overbought sell-off that (as of yesterday) took the Nasdaq back to its 50 day…
Read MoreYesterday we highlighted the fact that the Russell 2000 has reached an overbought level that has occurred just twice in the last 2 years. Right on cue, the R2K sold off sharply, down 1.18%, leading the rest of the market lower (along with its co-leader, the Nasdaq).
Read MoreGood Thursday morning all. It's finally happening. The broad market and key leadership sectors are breaking out of a downtrend. Bulls, as we expected, are starting to regain control of the narrative. The train is leaving the station. All aboard.
Read MoreA quick heads up; I’ll be on with the great Wayne Allyn Root tomorrow night at 7:30 PM EST (USA Radio- http://usaradio.com/). Please mark your calendars and join us. If my read on these markets is accurate, we’ll be talking about the strong close to the week for the markets, and yes, the likelihood that the lows are in place.
Read MoreBefore we get to this weeks sell-off, and the panic level sentiment that has come flooding back into stocks, here are our performance numbers for 2018: The VRA Portfolio has a net gain for 2018 (on all trades and current holdings) of +4.6%. Annualized, this gain equate to +27.6% for the full year.
Read MoreGood Tuesday morning all. After Monday’s big close I continue to be amazed by the bears that somehow appear blind to whats occurring in the US economy and stock market. Our long time VRA Members know how bullish I am…
Read MoreAt the beginning of 2018 I made the comment (to anyone that would listen pretty much) that I believed this year would our best year…possibly ever…for the VRA Portfolio and our bottom line results. If that sounded like marketing rhetoric,
Read MoreGood Tuesday morning all. Happy New Year! Are you ready for an off the charts incredible 2018? Because….I AM! I honestly cannot remember being this positive to start a new year. Not in my 33 years in the business. At this time last year we had a new president that got elected because he said BIG things on the campaign trail…
Read More"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"
