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VRA Letter: VRA Alert: Bought SOXL. Inflation Continues to Moderate; It’s Time to Cut Rates. Major VRA Buy Signals. BTC & Trump. Small Caps Soaring.

Good Friday morning. VRA Alert: yesterday we added a second position (trading position) in SOXL (3 x Semis) @ $39.50. This morning SOXL is higher by 6% to $42.25. The VRA Portfolio has been updated in your VRA Members Site. This ...

Posted On July 26, 20244 MIN Read
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Good Friday morning. VRA Alert: yesterday we added a second position (trading position) in SOXL (3 x Semis) @ $39.50. This morning SOXL is higher by 6% to $42.25. The VRA Portfolio has been updated in your VRA Members Site.

This morning we got the Feds preferred inflation gauge, the personal consumption expenditures price index, for the month of June. On a monthly basis, headline PCE was expected to grow by 0.1% (and by 2.5% from 12 months earlier), and the end result was essentially spot on, with personal income rising .3% m/m, also in line with estimates. 

Core M/M: 0.2% (exp. 0.1%, prev. 0.1%)
Core Y/Y: 2.6% (exp. 2.5%, prev. 2.6%)

Headline M/M: 0.1% (exp. 0.1%, prev. 0.0%)
Headline Y/Y: 2.5% (exp. 2.5%, prev. 2.6%)

Tyler nailed this report on yesterday’s podcast. It’s past time for the Fed to cut rates.

Equity market futures were sharply higher headed into the number…likely because this administration leaked another set of economic data, which has been their patter...

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