Good Wednesday morning. As we’ve covered from last Fridays sharp reversal higher in stocks (on the hot jobs data), once bond yields began to crater...joined by multiple and significant bullish outside reversal days in key indexes and sectors...the reversals and mini-capitulations we’ve seen look very similar to last Octobers bear market bottom.

Year two of our new bull market is now underway. We are aggressive buyers here. The fact that Stock Traders Almanac and Rich Ross (Evercore) are also calling for a major move higher only makes us that much more confident. As Tyler covered on his VRA Investing Podcast yesterday, short selling among CTA’s is near all-time highs. As contrarians, this only adds to our bullish views.

VRA "Inflection Points" Have Arrived. My High Confidence Calls: 

The Fed is done. The highs are in for yields. We have broad disinflationary pressures. 

The USD is signaling the highs are in.

Q3 earnings should crush analyst estimates. We hit extreme fear ...