Vertical Research Advisory
Log inJoin Now
VRALetter

VRA Letter: Jobs Data, a Shot Across the Fed’s Bow. Massive Win for Bitcoin. Here Comes DOJO, Tesla’s AI Supercomputer. Falcon Oil and Gas News.

Good Wednesday morning. Stocks were sharply higher yesterday, with the best internals we’ve seen since the markets peaked in July, as July job openings data (JOLTS) added more evidence of a cooling labor market and more support ...

Posted On August 30, 20237 MIN Read
Share:
vra-default-img

Good Wednesday morning. Stocks were sharply higher yesterday, with the best internals we’ve seen since the markets peaked in July, as July job openings data (JOLTS) added more evidence of a cooling labor market and more support for an eventual easing of interest rates by the Fed. The semis led tech, with tech leading the broad market higher. Textbook bull market action.

New numbers showed job openings in July fell to a 28-month low, with fewer workers quitting. Job listings dropped to 8.8 million, lower than the forecast of 9.5 million. Meanwhile, 3.5 million people quit their jobs in July, the lowest level in over two and a half years (a sign that job seekers are getting more cautious).

Consumer confidence also fell in August, dropping to 106.1 from 114, according to the Conference Board Compared to July.

The data increased the chances that the Federal Reserve will ease off on any additional rate hikes (as they absolutely should).

Tyler covered this topic in great detail y...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

December 03, 2024
VRA Letter: How Far Can This Rally Go? Love the Semis & tech. Bitcoins Journey to $100k. Lost Soldier Oil & Gas Logs.

Good Tuesday morning. The most common questions we get today go like this; “how far can this rally go? Are we nearing a top? Is it a mistake to buy here?” Investors have become so beaten down that they see a bear market around every corner. Hey, we get it. We remember that from 2018 […]

December 02, 2024
VRA Letter: November, What a Month. Tesla & Bitcoin Soar 38%. The Macro is “Everything”. The Trump Doctrine. Semis, Miners, Bitcoin.

Good Monday morning. What a month November was. The S&P 500 was up 6%, the Dow Jones was up 7.5% with nasdaq up 6.2%. The big winner? The Russell 2000, as small caps soared 10.7% for the month.  The VRA Portfolio had a good month as well, led by holdings we’ve been pounding the table on. Bitcoin […]

November 27, 2024
VRA Letter: Fox Business @ 2PM EST. Americas Most Important Thanksgiving in Two Decades. The Red-Pilling of America and the Return of Animal Spirits.

Good Wednesday morning. Heads up: I’ll be on Fox Business with Charles Paynes “Making Money” today in the 2PM EST hour. Hope you can join us. My goal is to discuss the core of this mornings Letter. This will be our last Letter until Monday, in observance of Thanksgiving. The markets are closed tomorrow and open a […]

November 26, 2024
VRA Alerts: Bought SMR, Sold ERX, URA. VRA Letter: Bitcoins Struggles to $100k. Trump 2.0 with Scott Bessent. PM’s/Miners, TNA, GME.

Good Tuesday morning. VRA Alerts 1) We bought NuScale Energy Corp (SMR) @ $30.00 2) We sold ERX (2 x Energy ETF) @ $71.50. Profit of 11%. 3) We sold URA (Global Uranium ETF) @ $32.80. Profit of 66%. You’ll find the VRA Portfolio updated with all trades/positions in your VRA Members Site later today. […]

November 25, 2024
VRA Alerts: Sell URA, Sell ERX. Buy NuScale Power Corp. VRA Letter: Long & Strong, Melt-up Set-up Still in Place. TNA, TQQQ, Bitcoin, TSLA.

Good Monday morning. We have two sell recommendations and one new buy rec.  Alerts:  1) Enter a market order to sell ERX (2 x Energy ETF). Last: $72 ERX has hit extreme OB readings on the VRA System. We will look to repurchase ERX when it returns to a buy signal. We paid $64.40 for ERX. […]