Good Monday morning. Let’s begin with a VRA Investing System update. As we start the week, yes, we’re short term overbought…we’ve had quite the move higher from the 11/21 lows...however we still sit at 10/12 screens bullish. Just know that our stochastics screen (our shortest term indicator) is right at extreme overbought levels on each major index (along with the market leading semis) which means stocks aren’t nearly as great of a buy today as they were at the 11/21 lows. Still, seasonality is bullish and we’ll be surprised if market dips last more than just a few days, as we head into year-end and January.

This remains a structural bull market, meaning that there are important, fundamental reasons for the markets to continue moving higher. From writing “The Big Bribe” in late 2022…where we forecast that we were in The Roaring 2020’s with a bull market that would take us to 2030 (at minimum)...we outlined our 5 Big Bribe Megatrends that would force the markets higher. Each of these...