Good Monday morning. Our thoughts and prayers go out to everyone affected by Hurricane Helene throughout the SE but especially in the Western parts of North Carolina. 100 year storm levels of flooding with absolute devastation in some parts. If you are impacted by the hurricane and if we can assist in anyway, please reach out to us. We’ve heard good things about MANNA Food Bank in Ashville and began donating yesterday, for those so inclined. God bless everyone in harms way.

VRA Market Update

While we’re nearing Extreme Overbought on Steroids (EOBOS) on the majority of US indexes (when bad things tend to happen), the percent of S&P 500 above the 50/200 day sits at 83.6% and 81.6%. Until these readings top 90%, we will remain aggressively long. Our concern is not the medium-long term, just the very short term (days to approx 1-3 weeks). Again, this is not a sell signal…merely a time to use discipline when putting new money to work. The easy money has likely been made…in the bro...