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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 ...

Posted On December 02, 20246 MIN Read
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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 was up 38.8% with Tesla up an almost exactly equal 38.9%. An absolute barn-burner of a month for BTC/ARKB and TSLA.

We’ve also been aggressively long small caps, with TNA (3 x R2K ETF) up 32% and TQQQ (Nasdaq 100) up 18%. Not so great was our other pound the table call (the semis), with SOXL (3 x Semi ETF) down 3.5% on the month (more on the semis later).  

We came into November predicting that Trump would win and that the markets would "melt-up.” In no way do we think this move higher is over…it’s only now just beginning. Few in the investing world understand what’s developing and almost no one is talking about it…certainly no one on Wall Street.

Over my career I’ve learned tha...

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