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VRA Letter: 2024 VRA Playbook. The Roaring 2020’s Will Continue to “Force” Stocks Higher.

Good Wednesday morning. Happy New Year! At this time last year a sharp sell-off into December eliminated 52% of the rally from the October bear market lows. At the same time, as reported by Bloomberg and WSJ, 98% of economists p ...

Posted On January 03, 20245 MIN Read
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Good Wednesday morning. Happy New Year!

At this time last year a sharp sell-off into December eliminated 52% of the rally from the October bear market lows. At the same time, as reported by Bloomberg and WSJ, 98% of economists predicted that a recession in 2023 was “inevitable" (a contrarians delight). From those 10/13/22 bear market lows we have had a consistent message; “keep buying dips”, which has proved to be the smartest of smart money strategies.

And what a year it was. 2023 closed out with nine straight up-weeks, a 24% annual gain and a fourth-quarter rally that was propelled by our 3 VRA Inflection Points; disinflation, plummeting interest rates and the resumption of the bear market in the US dollar.

Our read on the markets in 2024:

We’re in just the second year of a powerful new bull market. It will continue to catch investors by surprise but the key point to remember is that this bull mkt is structural in nature, driven by a convergence of once in a lifetime mega...

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