Newsletter

VRA Letter: Our “Wall of Worry” Bull Market. Q3 Earnings Will Lead Higher. VRA 10-Baggers; Tesla, Falcon Oil and Gas, Xtract One Tech.

VRA Letter: Our "Wall of Worry" Bull Market. Q3 Earnings Will Lead Higher. VRA 10-Baggers; Tesla, Falcon Oil and Gas, Xtract One Tech. October 16, 2023 Good Monday morning. While we didn’t care for Fridays action, which saw the ...

Posted On October 16, 20237 MIN Read
Share:
vra-default-img

VRA Letter: Our "Wall of Worry" Bull Market. Q3 Earnings Will Lead Higher. VRA 10-Baggers; Tesla, Falcon Oil and Gas, Xtract One Tech.

October 16, 2023

Good Monday morning. While we didn’t care for Fridays action, which saw the semis and nasdaq lead the market lower (with losses of 2.5% and 1.3%), even in light of the onset of war between Israel and Hamas our markets managed to close (slightly) higher on the week. If you look up “wall of worry” in the investment dictionary, you’ll see a picture of the market we’re in today. Bull markets love climbing a wall of worry.

Dow futures +180 this AM.

Of note from Fridays trading, major money center banks JP Morgan and Wells Fargo reported excellent earnings, sending their shares higher by 1.5% and 3%, while Citi closed flat on their earnings beat. Our call remains that Q3 earnings will outperform analyst estimates by a wide margin and that bank stocks will actually lead the way higher, in advance of tech stocks that will take t...

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

Start Free Trial

Already have an account? Sign in.

Related Post

March 01, 2024
VRA Letter: More Friendly Inflation Data with Incomes Soaring. Must Own Small Caps (TNA). Textbook Bull Market Action. Bitcoins Ramp Higher Continues.

Good Friday morning. Vanguard, the money management behemoth with more than $7 trillion in assets under management, saw their long-running CEO Tim Buckley announce his resignation yesterday (effective by year end). Buckley….who detests Bitcoin/cryptos…is almost certainly stepping down for costing Vanguard and their clients untold billions in fees and profits from the Bitcoin revolution. Vanguard, second only […]

February 29, 2024
VRA Letter: More Friendly Inflation Data with Incomes Soaring. Must Own Small Caps (TNA). Textbook Bull Market Action. Bitcoins Ramp Higher Continues.

Good Thursday morning. This mornings inflation data (core PCE deflator) is known to be the Fed’s preferred inflation gauge and we have more good news, meaning broad disinflation continues to build. The year/year core price index rose 2.8%, which met economist estimates, allaying the fears of many that inflation was making a dangerous comeback. It is […]

February 28, 2024
VRA Letter: Members Only Podcast

Good Wednesday morning. VRA Members podcast this AM. Topics: 1) Bitcoins parabolic move continues. $60,600 last. It’s increasingly likely (IMO) that BTC will break $100K into the April halving (even as its trading at extreme OB levels). Keep buying BTC (or BTC ETF: ARKB) and Galaxy Digital (BRKHF). The coming demand surge is going to […]

February 27, 2024
VRA Letter: Analytics Flashing (Big) Buy Signals. Bitcoin Goes Parabolic; Nearing 100% Gains. The Roaring 2020’s. Alert: Stopped out of UVXY. Dow

Good Tuesday morning. These short term mini-pauses have done wonders for the overbought readings on our VRA Investing System. Today, even as our markets are just off of all-time highs, those overbought readings are gone. This market still has room to run, especially small caps, where investors just plowed more money this group than at any point […]

February 26, 2024
VRA Letter: Company-Making Flow Rates for VRA 10-Bagger Falcon Oil & Gas.

Good Monday morning. Our focus this morning is on VRA 10-bagger Falcon Oil & Gas (FOLGF), which will host their online presentation later this morning to discuss the company-making results of the SS1H well in the Beetaloo Basin, Australia, which we can now begin to refer to as a “commercial” discovery. In London trading, Falcon […]