VRA Letter: Anatomy of a Melt-up During a PSYOP of Negativity. Precious Metals and Miners; Parabolic Attempt Continues - Vertical Research Advisory

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VRA Letter: Anatomy of a Melt-up During a PSYOP of Negativity. Precious Metals and Miners; Parabolic Attempt Continues

Good Monday morning. Six weeks ago I wrote “this increasingly has the feel of a market that wants to melt-up into the election/year end.” So far, so good. Following six straight weeks of gains, last week both the S&P ...

Posted On October 21, 20243 MIN Read

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Good Monday morning. Six weeks ago I wrote “this increasingly has the feel of a market that wants to melt-up into the election/year end.”

So far, so good. Following six straight weeks of gains, last week both the S&P 500 and Dow Jones hit fresh highs, again. This marked the longest string of weekly gains and ATH’s in 2024, for both the Dow and S&P 500.

We’ve been expecting good things from Q3 earnings, and here too, so far so good. More than 70 S&P 500 companies have reported earnings this season and of those, 75% have beaten expectations (FactSet). Here are the most anticipated earnings for this week, where tech earnings start to pick up speed, including VRA 10-bagger Tesla on Wednesday.

We repeat: we’re in the early innings of an “innovation revolution” that will produce hyper-growth for potentially two + decades to come.

This is an era that has the potential to create enormous wealth and prosperity, globally. Look around you…it’s well underway…regardless ...

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