VRA Investment Letter: The Worst Week for Stocks Ends. Roaring 2020's; US Economy Remains Strong.

VRA Investment Letter: The Worst Week for Stocks Ends. Roaring 2020's; US Economy Remains Strong.

Good Friday morning. The worst week of the year for US equity markets ends today, punctuated by this week’s FOMC meeting/statement and J Powell presser, which…once again…led to a steep sell-off in stocks…Powell’s specialty. 

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VRA Investment Letter: Seasonality Points to Near-term Weakness. American Deleveraging. BAML Survey. Innovation “Creates" More Jobs.

VRA Investment Letter: Seasonality Points to Near-term Weakness. American Deleveraging. BAML Survey. Innovation “Creates" More Jobs.

Good Friday morning. Next week commences the worst week of the year for the S&P 500 (since 1950, per Stock Traders Almanac). 2023 has featured the highest degree of “seasonality reliability” in recent memory, so we’ll see how the week plays out. With the Fed meeting next week…

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