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.
Read MoreBreaking: Treasury yields lost momentum this AM, with stock markets reversing higher, after the Labor Department reported that initial jobless claims rose to 211K last week, up from 190K the week before and more than the 195K forecast by analysts. The 10-year yield sits at 3.96%, after trading above 4% before the data. The data indicates the labor market may be weakening (due to higher interest rates).
Read MoreGood Friday morning all. From the 10/13/22 capitulation lows we’ve been witness to a textbook “new bull market”. It’s only just the beginning of a new bull market…one that should last years…just know that we have hit heavily overbought readings on the VRA Investing System (more on this later):
Read MoreGood Friday morning all. Another big market comeback yesterday, featuring a Dow Jones that rallied from -350 to close +162, led once again by Nasdaq (+1.4%) and Semis (1.7%) and our new repeating pattern of MUCH better internals. This bear market rally looks and feels like it has the potential to be the first big one that we’ve had to date.
Read MoreGood Friday Afternoon all. When Tyler came to me last year with the idea to start recording a daily podcast, my first reaction was “so you want to add to our 12 hour work days?”. But Tyler is relentless. Would not take no for an answer. So I agreed. I honestly believed that with countless thousands of podcasts already in existence,
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--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"
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