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. We’ve dedicated much of the last week's VRA Letters to the “war risks” and corresponding action in the broad markets. We’re now just a few days away from Q1 tech earnings kicking off in style, with high profile names Tesla (next Tuesday), META (Wednesday) and Alphabet, Amazon, Intel and Microsoft set to report next Thursday. We see a great setup unfolding…
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 Thursday morning. So I’m working out this morning when Delta Airlines reported earnings…a record beating quarter for both revenue and earnings…which included the statement that they are ordering a massive number of new planes to keep up with soaring travel demand…
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. Don’t Forget: The markets are closed tomorrow for Good Friday. Two big developments: last night the AAII Investor Sentiment Survey came in at just 15.8% bulls, one of the 5–6 lowest readings on record. I’ve voted in this survey since the late 1980’s and yes, I voted bearish for this weeks survey.
Read MoreGood Friday morning all.
While everyone was panicking yesterday morning, we were buyers. We never forget the people in our lives that made the biggest impressions. Professionally, that’s my first mentor Ted Parsons (RIP Ted). Ted’s mentor worked on Wall Street during the crash….
Read MoreGood Thursday morning all. Back to back excellent days, with strong smart money hours and market internals to match. In addition, tech/semis are leading the way, with seasonally bullish small caps charging higher. If you’re a market timer, these are the short term, heavily bullish signals you look for.
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. 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 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 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 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. 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.
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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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