Vertical Research Advisory
Log inJoin Now
Newsletter

VRA Letter: VRA Macro Update. Our 2024 Forecasts Remain Intact. Buy Tesla. Bitcoin Primer; BTC Must Be Owned.

Good Monday morning. Heads up; in addition to both Barrons and The Economist putting pictures of bulls on their weekend covers (contrarian indicator), on Friday we saw a sizably bearish "outside day” in market leader Nvidia, wh ...

Posted On March 11, 20247 MIN Read
Share:
vra-default-img

Good Monday morning. Heads up; in addition to both Barrons and The Economist putting pictures of bulls on their weekend covers (contrarian indicator), on Friday we saw a sizably bearish "outside day” in market leader Nvidia, which resulted in a sharp reversal lower in both NVDA and SMH ...from ATH’s…taking NVDA down 5.5% and sending SMH (semi ETF) down 3.9%, both in two hours.

We own SOXL (3 x Semi ETF) which saw its share price fall from $57 to $49. Outside days of this magnitude tend to be high probability short-term directional moves, however we will not be selling SOXL or our other tech holdings. Instead, we will continue to be buyers on dips, the smartest of smart money strategies from the 10/13/22 bear market lows. 

VRA Macro Update” Our 2024 forecasts remain unchanged:

-Interest rates will continue to decline. 10 yr yields will end the year below 3.5%

-The Fed will cut rates 3-4 x.

-US equity markets will continue to rise at +20% rate, in just the second year of a...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

March 14, 2025
VRA Letter: Out of Office

Good Friday morning. We’re out of the office in meetings today. Look for our next Letter over the weekend. VRA Portfolio Focus Stocks and ETF’s: We own VRA ETF’s: TQQQ (3 x Nasdaq 100 ETF), SOXL (3 x Semi ETF), TNA (3 x R2K ETF), NUGT (2 x Miner ETF), KWEB (China Internet ETF) and NAIL (3 x Housing […]

March 13, 2025
VRA Letter: Xtract One Tech Q2. Trumps Tariff Polices, as Explained to Irelands PM. Short This Market at Your Own Peril.

Good Thursday morning. We’ll be back later in the day with a second Letter where we’ll be covering Xtract One Tech (XTRAF) Q2 earnings report from last night and their 10 AM EST call to discuss the quarter with analysts and shareholders. The webcast can be accessed here and the telephone number for the conference call is 844-481-3016 (412-317-1881 for international callers). […]

March 12, 2025
VRA Letter: February CPI; Inflation & Rates are Past-tense Concerns. Trump Buys a Tesla. FIFO; Semis, TSLA & Small Caps. The Latest from Rich Ross. Tyler on Schwab Network.

Good Wednesday morning. This mornings February CPI is in and it’s very good news all around for inflation and the markets with 2.8% (headline) and 3.1% (core). These are solid beats and the markets are surging. Dow +300, Nasdaq +300.  US CPI (Feb.) Headline M/M: 0.2% (exp. 0.3%, prev. 0.5%) Y/Y: 2.8% (exp. 2.9%, prev. 3.0%) Core […]

March 11, 2025
VRA Letter: EOSOS. Strong Global Markets Confirm This as US-Centric Decline ONLY. US Investors are Collateral Damage. Trumps Buying a Tesla. Our Key

Good Tuesday morning. After an especially tough day for US markets yesterday I expected to see global markets follow suit in this mornings early trading. Not only did European and Asian markets not get hit, but instead they are largely higher on the day. This continues to confirm for us that this move lower is US-centric only. […]

March 10, 2025
VRA Alert: Adding to SMR. VRA Market Update; Hitting 200 dma, with Seasonality Turning Bullish & Investor Sentiment at Extreme Fear. Ross; Still Bullish.

Good Monday morning. We have a VRA Alert this morning…we are adding to our position in SMR (NuScale Power). Alert: Buy SMR @ market. We are averaging into our VRA 10-bagger SMR this AM. Last: $14.60. SMR is the global leader in small modular nuclear reactors and the only company approved by the Nuclear Regulatory Commission, […]