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VRA Letter: Rotational Themes Continue for this “Generational Bull Market”. Macro, Earnings, Fund Flows & Front-Running. Buy Bitcoin on Weakness.

Good Monday morning. Just as we were writing (last Thursday) that we have netted 1000% gains in SOXL (3 x Semi ETF) from the 10/13/22 bear market lows, the opening trades in the semis that morning marked the exact near-term highs. ...

Posted On June 24, 20245 MIN Read
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Good Monday morning. Just as we were writing (last Thursday) that we have netted 1000% gains in SOXL (3 x Semi ETF) from the 10/13/22 bear market lows, the opening trades in the semis that morning marked the exact near-term highs. Since, we’ve seen SOXL decline from $68 (to this mornings $58, a 14% decline) with market leader Nvidia falling as much as 12%.

The question most everyone is asking is; “Is that it? Have the semis…THE market tell from the birth of QE…seen their highs and will they take the rest of the market with them?"

We have a different question; at what point will we start adding to our positions in semis/tech? We’ve entered a generational bull market and the smartest of smart money strategies will continue to be “buy the dip”. This has been our primary investment theme from Q3 2022, as we forecast in our book “The Big Bribe”...and it will remain our primary investment theme.

This is the bull market that takes the Dow Jones past 100,000 and Nasdaq past 40,000. An...

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