"Kip's VRA financial newsletter is a MUST read for every saavy investor in this country. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."

--Wayne Allyn Root
2008 Libertarian Vice Presidential candidate
Author, "The Conscience of a Libertarian"

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Journal Archive
Twitter: @kherriage


Chess and Investing. VRA Investing System Update and Our Dominant Investment Themes

No doubt, many of you played chess growing up. Many of the worlds best investors do. Chess and Risk, those were our games of choice. If you’ve never played a really good chess player, it’s most similar to playing a good poker player…you feel like they’re renting space in your head. I was decent at playing a few moves ahead, but the great players, they see it all.

Many believe that the best chess player of all-time was Paul Morphy, from the mid-1800’s. As a child prodigy he beat many of the worlds best, from the ages 9–12, after learning the game by simply watching his father and uncle play a few matches. Morphy was born to play chess.

In 1858, Paul Morphy played 10 players at once…while blindfolded. He made 250 moves in twelve hours, an average of 27 per game. This gave two minutes for each move and and forced him to form 570 complete mental pictures in twelve consecutive hours, with each picture representing the exact mode in which all the sixty-four squares in a chess board were occupied.


Of course, Morphy won all 10 matches. The event immortalized him as the best ever with the NY Times introducing what may have been one of their first attempts at “fake news” by referring to Morphy as “rumored to be a mystic”. How Morphy must have loved that…

Today, as we battle against Wall Streets computer algorithms and high frequency traders, even a man of Morphy’s talents might come up short. But folks, as we covered in some detail in yesterdays VRA Update, this is why I built the VRA Investing System. This is why I paid close attention some 30 years ago as my mentors taught me how to analyze co’s and personally speak to/get to know CEO’s and mgt teams. Maybe Peter Lynch, the investing legend of Fidelity Magellan fame, said it best; “the best investors invest in what they know.” The VRA System is what I know.

VRA System Update

Labor Day has come and gone…Wall Streets summer break is over. While September has historically been the worst month of the year, lets not forget that the markets just went up 5 months in a row…during some of our most the hostile months, at that (April — August).

So, what happens next…historically speaking…after the S&P 500 goes up 5 months in a row?

Going back to 1954, following 5 consecutive months of gains, the S&P 500 was higher 100% of the time (over the next 9 months) with a median gain of 9.8% and higher 96% of the time (over the next year) with a median gain of 11.5%.



Yes, the VRA System still sits at “extreme overbought” levels. And yes, from a timing point of view, the time to aggressively buy US broad markets has passed. That time was back in April, when we were pounding the table to “buy buy buy”, once our markets reached “extreme oversold” levels.

Still, as my mentors taught me; “it’s not a stock market…its’s a market of stocks”. And our favorite growth stocks/story stocks remain a “strong buy”.

If you’ve been with us for any length of time at all, you know that we’ve been big-time bullish from the election on. Remarkably, our perma bears continue to tell us that the sky is falling, each time we have an overbought sell-off. Like a broken clock, one of these days they’ll be right. Until then, we will remain long and strong.



As of today, 9/12 VRA Investing System Screens remain bullish. Yes, we remain at “extreme overbought” levels in VRA short term momentum oscillators, meaning that more downside action is possible. But also know this; in major bull markets…like todays…any pause/correction is typically short lived.

Note: I’m often asked “what’s my biggest concern about the stock markets?” Outside of being blindsided by a “black swan” event…a major terrorist attack, like 9/11….a flash crash…Japan government debt crash, etc., here’s my biggest short term concern; check out the countries with the worst performance over the last year. 10 country ETF’s with 40%+ losses. On this point, I find myself in complete agreement with the perma bears. Should these losses continue to build, my primary working theory that “a rising tide lifts all boats”…the US economy/markets representing the “tide”…could prove to be incorrect. Today, I put the odds at 70/30 that a soaring US economy will lift the rest of the world. The US economy will continue to be be the growth engine for the rest of the planet, just as its been since WW2. But should the losses below accelerate, 70/30 won’t hold for long. Watching closely….


To receive our most up to date, in depth analysis Sign up to join us at the close each day for 5 minutes of everything that matters most…but only if you want to crush the markets with us! www.vrainsider.com/podcast

Tyler recorded the VRA Investing System Podcast yesterday, and it so perfectly reflected both my and the VRA Investing System view that we’re including it here this morning. You’ll hear our dominant investment themes along with our continued views for a sharp rally higher, into year end and ‘19.

Until next time, thanks again for reading…


Since 2014 the VRA Portfolio has net profits of more than 2300% and we have beaten the S&P 500 in 14/15 years.

Also, Find us on Twitter and Facebook


VRA Market Update, All Time Highs, Once Again. AAII Still Neutral to Bearish. VRA Investing System Tenets.

Good Thursday morning all. This week’s surge higher in US stock prices was credited to Trumps trade deal with Mexico and as details begin to emerge, we’re learning just how serious Trump has been about “actual free trade” all along. We’ve covered this here often; Trump is (obviously) a nationalist. He ran and won on it. Globalism, as any honest history book will demonstrate going forward, for 3 decades helped to nearly destroy the middle class and US manufacturing, exporting tens of millions of good paying jobs abroad. The Federal Reserves printing press and US dollar purchasing power destruction did most of the rest of the damage.

China has globalism (and insider dealing US politicians) to thank for their ascendancy to the second largest economy on the planet.

But if you want to get an idea of what our trade deals with Canada, the EU and China will look like, look no further than yesterdays deal with Mexico.

Final point on Trump and his “trade wars”. Remember all of the perma bears that said Trump would sink the US economy? Remember the chicken littles that said US stock markets would be crushed? Because I do.

These are the same charlatans that predicted economic melt-downs from; Brexit, Trump getting elected, rising interest rates, inverted yield curve, the Turkish currency crisis, etc, etc, etc.

Folks, be very careful who you listen to. I’m well aware of the fact that scare tactics sell better than optimism, but if you’re paying attention to supposed guru’s that have been consistently wrong, do not let them scare you out of making money in this historic bull market.

It has a long, long ways to go.

VRA Market Update

New all time highs, once again, in S&P 500, Nasdaq and Russell 2000. The (overbought) melt-up continues. VRA System market internals continue to exhibit solid strength; 2:1 advances to declines. 2:1 up/down volume. New 52 week highs/lows: 581–110, another 5:1 day. Stellar.

Outside of hitting extreme overbought levels, zero signs of a reversal.

Granted, short term, anyone that tells you (with confidence) that they know what’s about to happen in the stock market should be avoided. Short term predictions are (mostly) worthless. I say this with one caveat; when the VRA Investing System reaches “extreme oversold” levels in the midst of a powerful bull market, 15 years of VRA history has shown (in all modesty, stock gods) that VRA System reversal signals are highly accurate. We are quite good at calling significant bottoms. But in my 33 years I’ve found no one that can tell me what the market will do in the very short term (day to day). Medium term to long term, that’s a much different story.

And yes, there will come a time (though likely not for years) when the markets will flip from bullish to bearish and we’ll be playing the markets from the short side, as we did during the 2008/2009 melt-down. But today, this market continues to behave like a market that’s in melt-up mode, for the remainder of 2018.

Think back to Bitcoin at $20,000. It was headed to $100,000. Everyone had to own it. This is what investor euphoria acts like. This is what a market peak feels like. And BTW, Bitcoin bulls were not wrong. Bitcoin is headed to $100,000, assuming they stick by their decision to cease mining once they hit 21 million. I first bought Bitcoin at $600 and while I doubt I’ll ever like it as much as I do gold/silver, Bitcoin absolutely has a place in most investors portfolios. It will get red hot again (but I suspect it will first spend a year or two basing, first).

The bigger point I’m making here is that US equity markets are NOWHERE near the euphoria phase. In fact, markets still have more of a bearish than bullish sentiment, as evidenced by last nights AAII Investor Sentiment Survey:


Yes, bulls have jumped to 43.5%, a two month high, but in no way can this be seen as overly bullish sentiment. Neutral/bearish investors still total 56%. Stunning.



Best guess, once we hit DJ 40,000, investor euphoria will take hold. This is when we’ll see Wall Street gurus predicting DJ 100,000 (aka Bitcoin).

But today, still tons of perma bears, many with TDS. They are certain…absolutely certain…that the next market crash is just around the corner. Of course, Trump will be the cause of it.



Stat of the Day: Going back to 1954, following the mid-terms the S&P 500 has had an average gain of 17% over the next 12 months. It’s also been higher 100% of the time.

I expect we’ll see some nervousness around the mid-terms…the fear of the unknown. And we know the history of Septembers and Octobers. If the market is going to crash, these are the months its most likely to happen.

VRA Investing System; 33 Years in Development. Crushing Mr. Market, Year After Year

As we grow and welcome new VRA Members each month it’s important that we’re all on the same page. That means understanding the VRA Investing System, ensuring that we are positioned to crush Mr. Market.

After my first few years on Wall Street, reality hit me right between the eyes. Fostered by a series of enlightening conversations with my first mentor (RIP Ted Parsons) I discovered that Wall Street analysts primary objective was not to make my clients money. The primary objective of Wall Street analysts was to make the firm money, working hand in glove with investment banking, where the serious money was (and is) made for brokerage firms and their elite clients.

Once this reality set in I had two choices; quit and find another profession or find a way to actually make money for my clients. The VRA Investing System was born out of that decision.

The VRA system was built to uncover the best investments (at the best time) and to remove emotion from my investing. It was built to have us out of the markets in times of turmoil (or short) and in the market when the bull wants to run.

The VRA System combines fundamentals, technicals and investor sentiment…the 3 most important elements of investing (in any/all asset classes). We use broad market positions, employing leveraged ETF’s for maximum returns, combined with my ability to ferret out world class, small to mid-cap “growth stock, story stocks” for the opportunity of several hundred percent to more than 1000% in profits.

I rarely recommend more than 10–12 investments at any one time. If you want to own 30–40–50 stocks, buy an index fund. While I am as aggressive as they come, it is a “controlled aggression”; I know the companies that I recommend. I know their management teams, I know their business model and I know how to pick winners. Period. I also put my own money in the stocks that I recommend. Anything else would be Wall Street-like hypocrisy. Still, my investment style is not for everyone. I would never recommend placing all of your investment dollars into VRA Portfolio buy rec’s. However, for your “risk capital”…those funds that you put aside to make your retirement account everything that it could/should be, the VRA has been designed to get that job done.

I encourage you to resist the temptation to go “all in” on just 1–2 VRA Buy Rec’s. I only recommend 10–12 stocks at a time for a reason. Diversification is a hallmark of successful investors and reduces the risk of becoming emotional about our positions. “Loading up” can also lead to large daily/weekly swings in your portfolio…the kinds of swings that can lead to oversized losses. Emotional investors tend to “buy high and sell low”, or just the inverse of what we’re looking to accomplish.

For our broad market positions in leveraged ETF’s, the VRA System employs “trend following” methodology. The game plan with trend following is to capture 80% of the move, in our investments of choice. It’s not about calling market tops and bottoms (although the VRA has caught NUMEROUS significant market turning points over our 15 years). Instead, we want to capture that middle 80% of the move…that’s our sweet spot…that’s where the most reliable and predictable profits reside. This makes the VRA System most important…its the major predictor as to whether a stock/sector/market is in a bull or bear market. It’s been my primary trend go-to for 30+ years.

The VRA System has 12 Propriety Screens. Today, 9/12 screens remain in bullish mode. 70% of the screens are fundamental and 30% of the screens are technical. Here’s the breakdown of my 12 screens:

This is how the VRA System works…in bull markets or bear. Sure, its MUCH more fun making money in a bull market; making money as we watch the US economy rock and roll and US stock prices soar. This, of course, is the market we are in today. Making money in a bear market means we’re forced to be “pessimists”. And who wants to be pessimistic? I’ve been a glass is half full guy my whole life…its highly likely that 90% reading this identity the same way…but it’s not our job to tell the market what to do, based on our emotions. Our job is to make money. Period. At least when it comes to investing.

We are quite likely the most unique investment advisory you’ll find, as our objective is simple; make money for you…our valued clients…as we crush the markets, year after year. The VRA has outperformed the S&P 500 in 14/15 years. Since 2014 we have more than 2300% in net profits. We are positioned to crush Mr. Market for the remainder of 2018 and going forward.

Investing Tenets and Observations of the Day

My mentors (Ted Parsons and Michael Metz, RIP) were smart, market savvy and most importantly, patient! Here are some of their favorite investing lessons…

1) “Don’t fight the tape, don’t fight the FED”. Yes, the FED has started raising rates…at some point the markets will have to deal with this…but the rising “tape” says we must remain bullish.

2) “The trend is your friend”. When the major averages are in confirmed bull market status (according to the VRA System), we want to be long. Conversely, in a confirmed bear market, we want to invest primarily from the short side. Today, if you’re not long, you’re wrong.

3) “There is no more bullish sign than an overbought market/stock that continues to rise”. This is exactly what we’re seeing today. Overbought markets that continue to rise. Highly bullish

4) “It’s not a stock market….it’s a market of stocks”. One of the best investing lessons my mentors taught me. There’s always an opportunity to make money, by focusing on both VRA fundamental & technical research. This rule is at the heart of the VRA System.

Until next time, thanks again for reading…


The VRA has featured 2400% net gains since 2014.

Also, find us on Twitter and Facebook


VRA Update: Positioning for the Melt Up. VRA Macro Themes. Global Chart Analysis.

Good Thursday morning all. Bit of a pause in US markets yesterday, if you could even call it a pause. Once new all time highs are hit, some consolidation usually takes place. But I don’t expect this pause will last long. We are in the beginning stages of a melt-up in US equity markets. Short term, yes, we’ve reached overbought levels, but I don’t suspect it will matter much. The US economy is just too strong. The US consumer has animal spirits. Stock markets are about to soar.


If you’ve been with us a while, you may remember my most important macro themes:

1) Trump is an economic Godsend. Period. I caught a ton of flack for saying this back in early 2016, then finished my book just as the election was taking place. Becoming Wealthy in the Age of Trump, indeed. Strongest US economy in at least a decade and just getting started. 4% GDP will once again become the norm. Boom time, dead ahead.

2) Nationalism is once again replacing globalism…a more powerful worldwide economic movement you’d be hard pressed to find. True global competition is changing everything. The strong should survive and prosper. The weak must learn from their mistakes, or perish. Pretty simple concepts to understand, but for 3 decades our feckless and corrupted political class forced globalism down our throats. And man, did US jobs, middle class and manufacturing pay the price. Bottom line, this is the single biggest reason that Trump won. Americans knew that our greatness was slipping away.

3) A strong US economy equates to a strong global economy. This has, unquestionably, been the case for as long as anyone reading this has been alive. We have the Greatest Generation to thank for this fact. Here’s what this means; as the US economy continues to surge, it will take most all global economies with it. A return to nationalism, fueling the fire. A rising tide lifts all boats…the US economy as the tide.

Lets go through some global charts this morning. I believe they are confirming that a global boom is building. But first, Aramco has supposedly put their multi-trillion $ IPO on hold. As you can see from my tweet, I’m not that surprised. This global economic recovery will take oil past $100/barrel, which would put another $1trillion + in the hands of the Saudis. No rush…but it will still happen.


1) Japan’s Nikkei. This well defined triangle is building into one helluva a coiled spring. Japan may have lost some economic luster, but with the developed worlds highest Debt to GDP ratio, the world needs Japan to prosper. This chart tells me that a major breakout move higher is coming. Highly bullish for global markets (equity, debt and currency).

2) EEM (Emerging market index). Trumps takedown of China, plus rising US rates/dollar, have been brutal for emerging markets. Below is a well defined bearish wedge, but should the move higher continue…as I fully expect…once this resistance line is broken we’ll be talking about a falling wedge pattern that has turned to bullish. You know my thoughts here…Trump will strike a trade deal with China prior to the midterms. Likely in the next 30–45 days.

3) Germany. Largest and most important European economy. While I did not draw in the lines here, we see another pattern of higher lows and a developing triangle pattern. Germany has its own share of domestic/political issues, but what they do not have are financial issues. Best balance sheet of any global economic power. Look for Germany to bounce back in a big way.

4) Finally, the STOXX 600, made up of the largest 600 co’s throughout Europe. Again, another well defined bullish triangle, developing into its own coiled spring.

Soon, we’ll be out of August and It’s time to make sure we are positioned for the coming melt-up, I expect we’ll see fireworks!

Until next time, thanks again for reading…


To receive access to our full VRA Membership and daily updates(including our VRA Portfolio with buy and sell recommendations, featuring 2400% net gains since 2014), sign up to receive two free weeks from the VRA atwww.vrainsider.com/14day

Also, find us on Twitter and Facebook


In Memory of Karl Bessey

This past Sunday my phone/email started lighting up, with people asking if I had heard that Karl Bessey had passed away. 
I was, I remain, in shock. I have heard from a great many that feel the same way. Please allow me a few minutes to honor my friend.

Karl and I met in 2000 at an event in Cancun. Karl was a leading, direct marketing superstar in a company called IGP, who was putting 2000 people in the seats at back to back events, with world-renowned freedom speakers like Ron Paul and G. Edward Griffin, wrapped around a business model for entrepreneurs. IGP would serve as an early model for the company that Karl and I would start together, in 2005, Wealth Masters International. WMI would go on to have many thousands of members globally with the business taking Karl and I around the world. Karl built the marketing side…I built the product side…and we had an 8 year run that was an absolute whirlwind of a blast. We met and worked with so many wonderful people, many that became close friends for both of us. So many great things happened in those few, short years. 

And it was Karl that made the business go. Karl that made it fun. Karl that had the drive. We started our days together and often ended our days together. Our early morning call always started with Karl saying…and I can hear his voice as clear as a bell:
“What’s up, ya ole sack?” 

Karl spoke with an “Ephraim drawl”, an accent that you’d only detect in people from the Ephraim, Utah area. It was as interesting as it was endearing. No doubt he had his own thoughts about my East Texas redneck-speak.
After knowing Karl all these years…18 in total…I never met a single person that had a bad thing to say about him. Never. Likewise, I cannot remember hearing him say negative things about others. 

That was Karl. Positive, high character, hilariously funny and just a down-right happy, salt of the earth guy. A better person than I deserved to call a friend. 

My funniest memories with Karl came from our travels together. Our hotel check-ins were a kick. As we walked in and approached the sign-in desk, Karl would announce, with conviction and glee: “you can wipe those worried looks from your brow, cause we're finally here”…
The desk clerks would look at us in the most interesting of ways, with some thinking that with Karl’s good looks he must be a known, global celebrity…some with confusion...but always, with these big smiles on their faces. "Here comes a guy that loves life…how can we not smile ear to ear at that."

Karl’s personality was infectious. At our events, Karl didn't shake hands. Karl hugged. Everyone. If you’re in investment circles you probably know the name Harry Dent, a global macro-economist and best selling author. I happened to walk in as Karl and Dent were meeting for the first time. I had a direct line view as Karl gave him a hug that was almost certainly one of the most uncomfortable moments in Dent's life. Priceless. 

But it was something that happened at an event in Las Vegas that was the epitome of Karl Bessey. We struck a deal with a real estate group with the understanding that they would present their opportunity if they agreed to give away two homes to our attendees.
As it turned out, this group knew the singer/entertainer Marie Osmond, who along with her brother Donny had the #1 show in Vegas. Next thing we know, Marie Osmond is taking photos with us backstage, having agreed to draw the winners names and present the homes to their new owners. 
As we were walking onstage, Karl leaned over to me and said “I’ve loved Marie Osmond forever. What do you think she’d do if I kissed her…in front of God and everybody?”

Yep. The balls on this guy. He did it. Karl and Marie made eye contact, and as he leaned over to kiss her, she actually embraced it. The event center went crazy. She blushed. He smiled, confidently. Another bucket list item checked off. Few could say no to him. Karl fed off of letting others know they were special. He was pure love. We all felt it. 

Karl didn't start off as a marketing rock star. He was a coal miner, from his teens. He raised an amazing family, starting at a young age, working his butt off driving 60 miles + each way, in the worst of weather conditions. I didn’t know Karl then…but man, I know those car pools had to have been an absolute blast. 

This past Sunday, Karl was taken from us after an 8 month fight with cancer. A big part of the shock that many of us feel is because we did not know he was sick. From speaking to his son-in-law, Karl wanted us to "remember him the way that he was". We will and we do, Karl. 
The other big part of the shock that I feel is that Karl and I had not spoken in a few years. I’ll never get the chance to say a proper good-bye to my brother from another mother. That’s on me. Something I need to deal with. But I do have an opportunity to say this, knowing with certainty that if there is a heaven, Karl is up there making people laugh and doing the “Karl dance”, as he jams to classic rock; My friend, thank you for being in my life. Thank you for such amazingly great memories that I would not have had otherwise. Thank you for being yourself. Thank you for the impact that you had on me, and on so, so many that are reading this right now, each with their own unique memories of their time with you. You will be missed, greatly...ya ole sack.


 Karl Bessey 1957-2018


VRA Update: A Strong US is a Strong Global Economy. US — China Trade Talks Back On. Lowest Youth Unemployment in 52 years!

Good Friday morning all. Following a big (bullish) day higher yesterday…with solid market internals… here are my thoughts this morning.

Buy the dip is evolving into “aggressively buy the dip” for US stocks. This bodes well for our markets as we finish the year out. Again, with just 36% bulls on AAII Sentiment Survey, we never came close to “investor euphoria”. Investors falling in love with stocks is a near requirement before we have a final bull market top. That has been exactly my experience for 33 years.

Housing Technicals v. Fundamentals

In our conversations around housing, I came across this yesterday. Housing starts have slowed, yes, but in May they hit their highest levels in 11 years. As you can see below, housing tends to top a full year before the next recession hits. Simply nowhere near this today.

The housing market/real estate slowdown is much more structural in nature, mostly due to SALT revisions inside of Trumps tax reform. Trump was right to insist on these, even as he knew that it would mean a short term hit to the housing market. High tax states have their own issues to worry about…and that does not mean they should be the rest of the counties financial burden to bear. So, while technically, housing looks horrible, fundamentally, I see very much to like about the US real estate market.

Global Markets

45 global stock markets are lower on the year. This, along with the action in housing stocks, commodities and VRA market internals, is why the VRA System has dropped to 8.5/12 screens bullish. Still bullish, yes, but this action cannot be ignored. But my dominant macro theme remains unchanged; a strong US equates to a strong global economy. And folks, this is when the tide needs to turn. Further aggressive downside action in global equity/currency markets is NOT what we want to see. I believe a turn higher is next.

This is also when I’d like to make a major macro point…one that applies to pretty much all commodities as well as global/emerging market economies/US markets. As you know, I didn’t buy into the fear based MSM that said the Turkish currency crisis would take the rest of the financial world down with it. And it was the action in gold that told us this (gold always spikes higher in times of global currency crisis…but gold has gone the other way).

Turkey is taking action to prop up its currency by banning short selling and news that Chinese regulators are freezing approvals of news game licenses coupled with a poor earnings report from Tencent Holdings (TCEHY) is causing breakdowns in some of the best performing China stocks during the past year. Trade issues also continue to weigh heavily on China….pushing the indices into bear market territory.

As we discussed in our VRA updates to members, emerging markets/China are approaching their most oversold levels (to US markets) in 2.5 years. Does not mean they cannot continue lower, but when markets reach extreme levels of oversold conditions, we know that the weak hands have likely sold their positions…this is how significant, major market bottoms take place. August is commonly that month in emerging markets.

Also, know that China has had their clock fully cleaned by Trump. Yesterday we learned that trade talks are soon to be back on. Global markets are rallying on the news. It’s my continued belief that August will prove to be the best buying opp of the rest of ‘18.

Lastly on this topic, the AP had an interesting read this week on the developments in emerging markets….those same economies that were allowed to steal US jobs, wage growth, and GDP over the last 3 decades. But there’s a new sheriff in town. Those days are over. Now, with US interest rate normalization, a strong dollar and a booming US economy, foreigners are piling into US investments (of all kinds). Hugely bullish for US markets.

And the US earnings bonanza rolls on. With 459 S&P 500 co’s reporting to date, 80% have beaten estimates on 26% earnings growth. For those that bought into the lefts argument that “supply side economics does not work”, you may want to take a second look at whats happening in just 1.5 years under Trump.

Here’s what does not work. Open borders, big business globalism. We allowed our masters of the universe to import cheap labor while exporting US jobs, manufacturing and GDP at the same time. A recipe for economic destruction. Slowly but surely, we’re seeing a global wake up call to the abject failures of globalism. The answer to economic prosperity lies in true competition…not in manipulated economic policy that picks winners and losers. True capitalism is the source of economic prosperity. History has proved this point, without question.

Again, the biggest issue facing the markets right now is seasonality. We are in one of the slowest and most negative times of the year…there isn’t much of an appetite, or investors around, to aggressively buy weakness.

Lowest Youth Unemployment Rate in 52 years!

Kids are headed back to school and Wall Street will soon head back into the office. As we’ve discussed, August is the most common month for emerging market currency panics, just like the one we have seen develop with Turkey this month. Not only do I see no signs that the US economy is slowing, instead, I see continued signs that our economic ship is being righted. We cover these facts here regularly, but here’s a new one…from late yesterday; the youth unemployment rate just hit a 52 year low. What a good sign for our future!

Until next time, thanks again for reading…have a great weekend.


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