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VRA Letter: Parabolic Options #19. “Warm” CPI Data. VRA 2024 Forecasts. Bitcoin Akin to Legal Insider Trading, As it Surpasses Silver in Market Cap. $1 million BTC.

Good Tuesday morning. Heads up; we’ll be launching Parabolic Options Program #19 on Thursday. Please look for those details via email. This mornings CPI report came in “warm” compared to economists forecasts, with 3.2% y ...

Posted On March 12, 20244 MIN Read
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Good Tuesday morning. Heads up; we’ll be launching Parabolic Options Program #19 on Thursday. Please look for those details via email.

This mornings CPI report came in “warm” compared to economists forecasts, with 3.2% y/y inflation while the core rate came in at 3.8% y/y, but the markets are saying “hold my beer”, with futures reversing solidly higher on the news. The semis are up a big 1.5% on the news. It’s not the news that matters…it’s the markets reaction to that news.

VRA Macro Update” Our 2024 forecasts remain unchanged:

- interest rates will continue to decline. 10 yr yields will end the year below 3.5%

- the Fed will cut rates 3-4 x.

-US equity markets will continue to rise at +20% rate, in just the second year of a powerful new “generational” bull market.

-Semis/tech will continue to lead higher. From the birth of QE there’s been no better tell for market direction than the semis. We own SOXL, PLTR, XTRAF, KWEB, TSLA.

-The Russell 2000 will be a top perf...

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