VRA Investment Letter: Semis Surge to Fresh ATH's. The Power of the Roaring 2020's. Investors Are Getting a Second Shot at a "Dot-com-like" Melt-up.

VRA Investment Letter: Semis Surge to Fresh ATH's. The Power of the Roaring 2020's. Investors Are Getting a Second Shot at a "Dot-com-like" Melt-up.

Good Friday morning. As if right on cue, the semis and megacap tech stocks surged to ATH’s yesterday, in advance of Q4 tech earnings that kick off in earnest next week. When the semis (SMH), tech (XLK) and Nasdaq 100 (QQQ) are hitting new ATH’s together they’re giving us a crystal-ball road-map for the broader markets.

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VRA Investment Letter: 50.26% Gains for VRA Portfolio in 2023. Key Investing Notes for 2024. Latest From Rich Ross. Buy the Dip in the Miners.

VRA Investment Letter: 50.26% Gains for VRA Portfolio in 2023. Key Investing Notes for 2024. Latest From Rich Ross. Buy the Dip in the Miners.

Good Thursday morning. 2023 marked 17/20 years that the VRA has outperformed the markets. The VRA Portfolio finished the year with gains of 50.26%, beating each US equity index (S&P 500, Dow Jones, Nasdaq, Russell 2000) with the Nasdaq as our closest competitor (+43.7%). Our comp each year is the Russell 2000 (similar risk profiles), which finished 2023 with gains of 15.1%.

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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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