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VRA Letter: Semis, Seasonality, Rate Cuts & Investor Sentiment. Now is the Time to Own Gold & Miners. Tyler on RAV.

Good Friday morning. Heads up; Following Tyler’s interview last night on Real Americas Voice with Wayne Root (interview below) I’m scheduled to be on Fox Business with Charles Payne today in the 2PM EST hour. Hope you can jo ...

Posted On August 30, 20245 MIN Read
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Good Friday morning. Heads up; Following Tyler’s interview last night on Real Americas Voice with Wayne Root (interview below) I’m scheduled to be on Fox Business with Charles Payne today in the 2PM EST hour. Hope you can join us!

VRA Market Update

Following Nvidia’s (somewhat) disappointing Q2 earnings report, US markets responded with another ATH in the Dow Jones, with the S&P 500 just 1.3% from ATH, Nasdaq 6.1% from ATH and the semis (SMH) a big 14.8% from ATH.

Based on our work, it’s highly likely that the lows are in for the semis, having just experienced a 3-week bear market of 28%. The market may be in a bit of a no-mans land here (overbought, investor sentiment “greedy", and weak seasonality) but we remain buyers of the semis through our position in SOXL (3 x Semi ETF). From the birth of QE in 2009, the semis have led the markets in both directions…there is no better tell for broad market direction.

Rate Cutting Cycles are Bullish, Year One

Regardless of weak...

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