Good Tuesday morning. It’s time for a Tuesday chartfest, featuring VRA System analysis. Important primary trend events are occurring, right here at these levels on rates, the USD, gold, miners and the semis.

1) Interest Rates: following the Fed’s .50% rate cut (which we forecast, as 92% of economists predicted .25%), we’re seeing the exact same strategists and gurus fear mongering about rising rates and the inherent risks to our financial system. Yes, rates have spiked following the Fed’s rate cut, but no, we are not entering a new cycle of skyrocketing rates. That ship has sailed, as have inflationary fears. 

Rates are spiking as a "Trump trade" and on this, we agree. The US economy will be FAR stronger if Trump wins...where he’s a become a huge favorite on betting sites…and yes, a stronger US economy will put some pressure on rates. But watch what happens if Trump wins and rates start reversing sharply lower (my call). We are in the Roaring 2020’s and a generational bull market...