VRA Investment Update: Q2; JP Morgan Misses, Taiwan Semi Beats. Team Lockstep. "Quite Frankly" Interview.

Good Thursday afternoon all. Yesterday's recovery move higher, on the backs of that horrendous CPI report, was intriguing. Yes, each index finished lower but “well” off of their lows as the semis actually finished up nearly 1% with internals that were only slightly negative. 

Yesterday’s June CPI data came in at a very ugly 9.1%, well above estimates of 8.8%, with month over month inflation rising 1.3%, also worse than estimates.

Welcome back to 1980–1981. 

Year over year, gas prices up 59% with food prices up 12%…these are the headline readings that matter most.

And another big negative with average hourly earnings down 3.6%, which takes away (entirely) the argument that people are making more money, which blunts the harms of inflation.

The Fed is already set to hike rates .75% this month. The temptation will be for them to hike by 1%, something we were in favor of back in January/February when it would have actually made a difference. But today, the Fed is hiking into a radically slowing economy. If they want to guarantee a recession, hiking rates aggressively from here will do it.

Any decline in the markets, going forward, will be much less about inflation and much more about recession. That may not be an easy case to make for economists with unemployment at just 3.6%, consumer/corporate balance sheets in good shape and still solid housing and transportation markets, but stagflation is a tough nut to crack.

Also, know this; the employment data is nowhere near as strong as the official data implies. It is, for all intents and purposes, rigged to make this administration look better. Again, if the Fed hikes aggressively from here they are guaranteeing a recession.

In fact, Bank of America is out this week with a forecast of a (mild) recession this year, with estimates for unemployment to jump to 4.6% in early 2022.

This morning's early trading, like yesterday, is back to “ugly” on the heels of JP Morgans earnings miss to go along with their mixed guidance, saying that “consumer spending is still strong” even as they added $428 million to loan loss reserves for a (future) weak economy, resulting in an earnings miss of 28%. JPM opened 5% lower on the news.

Know this; the Fed is hiking into a (radically) slowing economy. This will be the 5th policy error by J Powell and his team of fiat currency printers in just 6 years. #EndTheFed

On the flip-side of JPM are the earnings this AM from Taiwan Semi (TSM). Just as our VRA tech insider forecast earlier this week, TSM registered a solid beat to earnings to go along with solid forward guidance. TSM was up close to 2% yesterday and is tacking on another 2% this AM.

Reminder: the semis (SMH, the semi ETF) have already been destroyed, with losses of 40%….just from last November…to their recent lows of 7/5. There is no more important group to watch than the semis. They were the first major group to go into a bear market and I fully expect….folks I’d put this close to 100%…that they will be the first to lead the way out of this bear market. The semis lead the market in both directions. Watching SMH closely. This morning SMH is only slightly lower and remains some 9% above its 7/5 lows.

Quite Frankly TV

Last night I was on “Quite Frankly” (link below) and we covered the “intentional destruction” of Team Biden and this horrid leadership in place via a rigged election. I’m re-posting what I wrote last month….team lockstep does not have our best interests at heart. The midterms cannot get here soon enough. 

Team Lockstep: The Communist Takedown of America

None of this ever made sense. We’ve always known something else was going on here.

- The onset of mass censorship (as Tyler says often on his podcasts, the good guys are NEVER the ones backing censorship). 

- The rigged 2020 presidential election

- CV Insanity, all over a flu that 99.9% survive

- Forced lockdowns, business closures

- Forced jabs. Take ’em or lose your damn job…which one’s it gonna be?

- Open borders. America is being invaded.

- Russia-Ukraine war. The wag the dog money grab (to the most corrupt country on the planet) that’s doing its part in ramping global inflation/food shortages.

- Food distribution plants catching fire/blowing up all over the country

- Baby formula shortages, the shutting down of pipelines and limiting oil/gas exploration, 40 year highs in inflation. 

All of this is happening while 90% of our elected officials…the Uniparty Ruling Class…marches right along in silence/agreement….in complete lockstep. It’s pure Cloward-Piven. 

* None of this is easy for me to write. I am a lifelong optimist that knows America is the best planet on earth and know that our best days are ahead of us. I am certain of it. I see an America that is being overwhelmingly red-pilled with midterm elections that should mark utter devastation for the Democrat Party. The kind of devastation that takes Dems decades to full recover from. 

* At the same time, this is no longer up for debate; we are witnessing attempts to intentionally destroy America. The ultimate goal of communists is to crash the American economy/financial system, making Americans desperate and fully dependent on the State. That’s how they plan on winning. We must all be on high alert. 

Note: last night I was on “Quite Frankly”, a show that originates out of New York, with one of the more insightful and eclectic hosts on the airwaves (Frank). Just a great guy…true Patriot and lover of America…with a large and diverse global audience. Here’s the link to the clip….I’m on for 30 minutes (starting about 20 minutes in): https://www.quitefrankly.tv

Until next time, thanks again for reading….

Kip

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VRA Investment Update: Smart Money Hour, New Pattern? No Recession."Insane EU Energy Agenda."

Good Thursday morning all. Tuesdays afternoon comeback was impressive (coming off of a near no-bid open…real fear) led by Nasdaq’s 400 point swing higher, and we got a glimpse of that yesterday as the Dow went from -150 to +220 in less than an hour, marking back-to-back afternoon reversals higher. This is the pattern change that we want to see emerge. Nothing makes the shorts more nervous than this kind of late day action. 

Inflation is clearly plummeting and likely economic growth along with it, although yesterdays ISM services data beat estimates with a better than expected reading of 55.3 (recessionary fears kick in with sub 50 readings).

This week’s trading looks like there is less concern about inflation but with growing fears of a significant economic slowdown. Oil was down because of concerns that demand is dropping due to a sharply slowing economy but there are still inflationary pressures in food and other areas, so the danger of stagflation remains real. Weakness in the Euro is a particularly good indication of how fears of a recession in Europe are gaining traction. Putin appears to be winning on all fronts and Western leaders hardly seem to care less about the hardships their own people are experiencing. The situation in Europe is much worse than in the U.S., with the UK almost certainly already in a recession. 

Without question this mood is impacting U.S. markets, even as our economy has held up much better than other parts of the world. The data to date does not support a recession in the US, but with Biden as president it will frankly be a shock to me if we avoid one. Still, the economists that tend to get it most right (Ed Hyman and John Paulsen among them) simply are not seeing a recession in US; not with unemployment at 3.6%, home prices near record levels, a transportation industry that is still zooming and consumer net worth right at all time highs.

Again, Ed Hyman, the economic guru at Evercore, sees a slowing US economy with inflation that is absolutely easing but still sees no recession in the cards…but he may also be sending a message to Fed Chair J Powell (who its rumored reads Hyman’s work). A message something like this: “pay attention to the data JP…because it is quickly changing…or you’ll risk sending the US into a recession”.

The overall market is in bad shape…this has been an ugly bear market…but there are components that continue to impress, with strong relative strength from the exact ETF’s/indexes that started their bear market in 2021. We in fact have had a rotational bear market for more than a year with the indexes covering up the weakness in most stocks. 

Will we now see a reversal of the action with FIFO (first in, first out) continuing to lead the way higher? From ARKK (Cathie Woods Innovation ETF) to XBI (Biotech ETF) to IPO (Renaissance IPO ETF) to KWEB (China Internet ETF), each of these market leaders (pre 2021) that first led the way into this bear market, then went on to bottom on 5/12/22. Those lows have held. We continue to find this interesting and the longer it goes on the more likely that it may represent an important market tell.

This market is so hated…from most every point of view…we are due for one rocket ship of a bear market rally. 

Here are the signs of capitulation: 

1) The percent of co’s trading below the value of their cash and short term investments is at an all time high.

2) Optimism on global growth has fallen to an all time low (contrarian signal)

3) The AAII percentage of bulls is at its second highest level on record. The previous peak marked the markets lows in March 2009

4) And this big buy signal…money managers hate stocks.

Decades Long Analytics Point to Strong Second Half

1) AAII Investor Sentiment Survey. We’re coming off of back to back to back (historical readings) with less than 20% bulls (last nights reading was 22.8% bulls). Readings of less than 20% bulls have occurred just 10 x since 1987. Following each reading below 20% bulls, the market (S&P 500) has been higher 100% of the time over the next 6–12 months with avg gains of 13% and 23%.

2) The S&P 500 is down 21% for the year, which is the worst first half to any year since 1970. In previous years where the S&P 500 was down at least 15% through June (going back to 1932) the final six months of the year were higher 100% of the time (5/5) with an average return of 23.7%

3) Going back to 1962 when the previous 6 months took the S&P 500 down more than 15% (combined)…as now, with 21% losses…the next 6 months were then higher 100% of the time (7/7) with an average gain of 17%. Over the next year, the S&P 500 was also higher 100% of the time with an average gain of 29.6%.

VRA Bottom Line: 

If there was ever a market facing a “wall of worry” to climb, this is that market. Yes, we are in a bear market and yes, short term moves higher should (likely) be treated as bear market rallies. However, we’ve already fallen 24% in the S&P 500, which is the average bear market decline without a recession. In addition, most stocks have been declining and in a bear market for more than a year with the average stock losing more than 50% in value. This is also our 3rd bear market in 4 years and we should continue to expect everything to keep happening faster, meaning that bear markets can very quickly turned back into bull markets. 

I believe most stocks have bottomed, certainly in the VRA Portfolio. As covered above, investor sentiment, analytics and our VRA technicals were so bearish/oversold that we must be bullish.

Granted, the bears are still in control of this market but should the Fed be able to engineer a soft landing we’ll be left with a stock market that’s already been hit hard but without the accompanying recession. Did you see that the semis fell a total of 40% (when they got hit again on Monday). 40% losses in our most important tech sector and leading indicator of global business activity….thats a serious bear market. J Powell, are you paying attention? 

We want to see this 2-day pattern of strong afternoons continue and we really want to see the internals begin to improve. They were rather hideous the last 2 days. But as we’ve been covering here often, the first half of 2022 was so brutal…a worst 5 all-time…that investing probabilities and analytics point to a second half should be a barn burner to the upside. Possibly even a bull market within a bear market. Enough to make the bears nervous enough that they start covering their shorts…aggressively. With the midterms approaching, Biden needs at least one thing going for him. I’m pretty sure a quick talk with J Powell could get the stock market moving in the right direction.

Insane EU Energy Agenda

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Tyler here with you for this part of today’s update.

For years the EU has pursued their climate change agenda. Rejecting all forms of what they see as “unclean energy”. This has left much of Europe vulnerable on the energy front, and they are now on the brink of recession as natural gas prices have soared 700% since the start of last year.

As the energy crisis only appears to be getting worse in Europe, yesterday the EU voted to allow natural gas and nuclear energy to be labeled as green investments.

The legislation does not go into effect until the beginning of next year, but it will allow for much needed cash flows back into natural gas and nuclear energy. 

As we have seen time and time again, government intervention causes more problems than it solves.

For example, at the beginning of this year Germany decided to shut down half of their existing nuclear plants. They had planned to decommission all nuclear plants by the end of 2023 and phase out the use of coal by 2030… only to have an energy crisis not even a year later… and so then they decided to classify nuclear as “green energy” again.

Doesn’t it seem backwards to cut out nuclear before they cut out coal? That’s because it is, and it is all part of the scam that is ESG Investing. Now I’m sure those who came up with the ESG idea hoped to bring about a cleaner future. However, as we have learned from history, the road to hell is often paved with good intentions. This latest debacle is a great example.

Here are the facts

Germany has spent over $580 billion dollars on “renewable energies” such as wind and solar since their climate change initiative began. During that time energy prices have risen 51% in Germany (2006–2018).

Studies have now shown that Nuclear energy produces roughly double the amount of energy compared to solar and wind, and for about half of the cost. If Germany had spent the $580 billion on nuclear instead of on “renewable energy” (wind and solar), many believe they would now be producing more clean energy than they needed.

As countries like France have proven, nuclear power is a fantastic, low-cost, low-carbon energy option that is crucial to the future of energy production. Unlike Germany, France has continued to be a leader in the use of nuclear power. France got roughly 2.2% of its energy from coal as of 2020. While Germany got 28.8% of its energy from coal in 2021.

France now generates 2X more electricity from clean energy than Germany, and France pays about half as much for electricity compared to Germany.

Not only is Germany rushing to extend the life of nuclear plants, but European countries are now being forced to bring coal plants back online.

Clearly this isn’t really about creating a cleaner environment for future generations is it? No, ESG is a scam intended to funnel money from the energy markets into the pockets of ESG investment managers. Instead of providing affordable energy, climate czars are padding their pockets.

Unfortunately, Germany and most of Europe are running out of time to implement these measures. 

Now they have to resort to last ditch efforts like reopening coal plants as Germany says, “gas shortfalls could trigger a Lehman Brothers-like collapse, as Europe’s economic powerhouse faces the unprecedented prospect of businesses and consumers running out of power. The main Nord Stream pipeline that carries Russian gas to Germany is due to shut down on July 11 for ten days of maintenance, and there’s growing fear that Moscow may not reopen it.”

If only there was someone who could have warned them years ago that Europe’s reliance on Russian energy was a crisis in the making… Oh yeah, Trump did that 4 years ago and the German’s laughed at him.

GOLD

Gold has been knocked from near all time highs of $2078 to $1736/ounce over the last 4 months. Likely because inflation is collapsing even as the dollar keeps going higher. Gold has held its value better than most assets but now sits 16% off of its highs. The thinking from gold bears is; if we’re going into a tough recession (without QE on the horizon), “everything” is going lower. Gold has now pulled back to an area of strong support and is hitting heavily oversold on the VRA System. Keep buying physical gold and silver and VRA 10 Baggers. Pullbacks are a gift.

Energy stocks have also pulled back to their 200 dma and are a strong buy here. The chart below of ERX (2 x Energy ETF) makes
clear that we are at solid support, the sell off has been on light volume and we are hitting extreme oversold on VRA System.

Until next time, thanks again for reading…

Kip

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VRA Investment Update: Solid Week That Should Lead to a Powerful Short-Squeeze. Everything is So Bearish That We Must Be Bullish.

Good Friday morning all.

It’s been a solid week for the markets, one that we believe is setting the stage for a strong move into end of month and possibly a mirror image of the first half of 2022. The economy is slowing, inflation is peaking, yields are topping and investors are too bearish. These are my views. If we are going to have the bear market rally that Tyler and I expect, the action of the last three days is pretty much exactly what you’d want to see. A solid day on Tuesday (Dow +640) followed by Wednesdays sharply lower open and then sizable rebound and then yesterdays solid smart money hour which saw each index close at the highs of the day. Nothing makes the shorts more nervous than this kind of action. Seeing follow-through this AM with DJ +220 and Nasdaq +110 in pre-market trading. 

Each day we get closer to the end of June is a good day. Soon, beginning of month and quarter equity inflows begin. Sizable buying.

At the same time, share buybacks are occurring at record levels and insider buying has flipped to aggressive. Saying goodbye to the worst month of year in the midterm election cycle might just be a welcome sight for our stock market.

This market should move higher into July. We have some fresh (and powerful) analytics to back it up…

First, this weeks AAII Investor Sentiment Survey from last night shows just 18.2% bulls and 59.3% bears. This marks back to back weeks with historically bearish readings. 

Readings of less than 20% bulls has occurred just 10 x since 1987 and the markets (S&P 500) have been higher 100% of the time over the next 6–12 months with avg gains of 13% and 23%.

Second, the S&P 500 is down 21% for the year, which would be the worst first half to any year since 1970. The good news is that in previous years we were down at least 15% through June (going back to 1932) we then saw the final six months of the year higher 100% of the time (5/5) with an average return of 23.7% (h/t LPL).

Third, the worst quarters on record are then met with great returns. Going back to 1962 when the previous two quarters were down more than 15%, the next two quarters were higher 100% of the time (7/7) with an average gain of 17% and then higher 100% of the time over the next year with a big 29.6% average gain. (h/t LPL)

Fourth, as Helene Meisler noted in her update this AM, both NYSE and S&P 500 just reached their most oversold levels since late December ’21, just before the markets rallied 6% over the next 2 weeks.
This matches our VRA System readings of extreme oversold, which we reached last Thursday. This is a near perfect set-up for a powerful short squeeze.

VRA Bottom Line: If there was ever a market facing a “wall of worry” to climb, this is that market. Yes, we are in a bear market and yes, short term moves higher should (likely) be treated as bear market rallies. However, we’ve already fallen 24% in the S&P 500, which is the average bear market decline without a recession. In addition, most stocks have been declining and in a bear market for more than a year with the average stock losing more than 50% in value. This is also our 3rd bear market in 4 years and we should continue to expect everything to keep happening faster, meaning that bear markets can very quickly turned back into bull markets. 

I believe most stocks have bottomed, certainly in the VRA Portfolio. As covered above, investor sentiment, analytics and our VRA technicals were so bearish/oversold that we must be bullish.

The economic savant at Evercore, Ed Hyman, does not see a recession. Hyman and team, for more than 3 decades, have conducted industry leading surveys with more than 100 co’s across 11 sectors. Historically their surveys have tracked GDP growth well. Their EVRISI surveys are still at a solid 57, which is far from recession level. My view: Biden is a horrible president and is working against America’s best interests. Biden is an enemy to America. America will be in a recession…in 2023. The question is, how serious will it be?

Oops! J Powell fact checked Biden’s “inflation is Putins fault” lies in his congressional hearing this week.
I’d bet serious money that he’ll be forced to “correct” that statement eventually.
Communists don’t like it when you deviate from the official propaganda.

Finally, yesterday I was invited to do an interview with a group of investors that call themselves “DWAC’D”, as in they love Trump Media.
It was a wide-ranging discussion with my latest information on DWAC, as this VRA 10-Bagger heads into the final stretch of completing their merger (which will culminate with a symbol change to TMTG; Trump Media and Technology Group), set to conclude in September. 

LINK: https://rumble.com/v19gxf1-dwacd-live-special-guest-kip-herriage.html

Until next time, thanks again for reading…

Kip

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VRA Investment Update: The Repeating Pattern of Extreme Overbought Markets. Biden Must Be an R. 2A

Good Thursday afternoon all. There’s been a repeating pattern over the last 18 months that’s been as reliable as clockwork; once the broad market indexes hit extreme overbought on our VRA short-term momentum oscillators (stochastics) the markets then reverse lower. This took place yesterday, looks to be taking place again this AM and may continue into next week. 

As to how long this pause will last, the bottom line is that it just takes time. Best guess here is something like middle of next week before these extreme OB conditions wear off. However, if US markets find a way to continue moving higher, even in the face of being extreme overbought, it would be one of the most bullish signs an investor could see. 

Overbought markets that continue to move higher are “highly bullish” market timing signals. Regardless, this overbought pause should be just that…a pause.

As overbought as we might be in the short term, this market just keeps acting like it wants to go higher. 

If you watch much financial MSM you’ve almost certainly noticed the difference in tone. Instead of “buy the dip” we’re getting lots and lots of “fear”. 

Not the kind of reactive commentary that we hear at market tops….but very much the kind of commentary we hear near market bottoms. 

Yes, investor sentiment is that important.

As to the 3% 10 year, since you’ll hear no one talking about this today, allow me; a 3% yield on the 10 year t-note might seem high but that’s only due to our financial MSM’s poor memories. While yields have been plummeting in the US for 40 years (until this inflationary melt down in bonds), as an example, during the dot-com melt-up the “average” yield on the 10 year was better than 5% (as seen in the chart below). Even today, as we’ve just had the worst 8 months in the history of the US bond market, a 3% 10 year has left the descending trend line of the last 40 years intact. We would need to break 3.8% yield (roughly) to violate this all-important trend line.

The big picture remains unchanged; interest rates remain incredibly low

Between Fed Chair J Powell and yours truly, one of us has yet to change his views over the last 8 months or so. It’s still my “highly confident” opinion that the Fed will push the US economy into a recession if they take the Fed Funds rate past 2% (its 1% today). In no way, shape or form will the Fed be able to hike rates aggressively…just not going to happen. Instead..and again, my views are unchanged…by 2025 (or so) the yield on US 10 year t-note is likely to be negative. Financial engineering is still in the early innings. The US economy is far more fragile than the Fed is admitting to. They will make another major policy error unless they soon change course.

Ray Dalio (Bridgewater) agrees with Tyler and me. Soon, economic reports in the US will make clear that the economy is slowing…likely radically.
After all, Joe Biden (the kiss of death) is president. Enough said.

Energy Stocks At 99th Percentile Overbought

We are waiting for our opportunity to add to our energy positions in the VRA Portfolio…but based on VRA Investing System readings, that time is not now. 
XLE (Energy ETF) is hitting “extreme overbought on steroids”and is now trading 43% above its 200 dma, the highest levels of overbought in 8 years. 
The move higher over the last 2 weeks has also occurred on light volume. As much as we love energy stocks for the medium-long term, our investing discipline prevents us from adding to positions.
 
There are two major reasons to remain hyper-bullish…yes, even at this level of overbought. The global supply/demand story could hardly be more bullish. The smartest people I know believe that oil is headed to $175–200/barrel.
I think they are right. Secondly, energy stocks make up just 5% of the S&P 500. Stunning really…and heavily bullish. 
On pullbacks, we will be buying energy stocks…aggressively. 

Note: natural gas is “not” overbought and looks excellent on the charts.

Here’s the other reason to be concerned about energy stocks in the near term; Jim Cramer (like Biden, another kiss of death) is recommending that investors “should buy any dip in oil stocks”

Seriously, Biden MUST Be a Republican

If I want acting advice, I’ll go to Matthew McConaughey.
When it comes to the 2A, I’ll use the constitution.
Want to fix our broken system and eliminate 90% of gun violence and mass shootings?
It’s not complicated….not even close to being complicated.

Until next time, thanks again for reading…

Kip

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VRA Investment Update: Jamie Dimon Awakens While HIs Top Strategist is Full-On Bullish. Small Caps Are Cheap. 15–25% Surge Higher Into Year End.

Good Thursday morning all. Yesterdays action at the open was solid, only to be met by a warning from JP Morgan CEO Jamie Dimon that the US economy was potentially facing a “hurricane” going forward. When Dimon speaks investors listen and the big open turned into big losses by midday. 

However, if you saw all of Dimon’s comments, as we did, it was much more neutral in tone. Essentially, Dimon said “it could be a serious hurricane or it could be a tropical storm…we just don’t know”. 

Has Jamie Dimon been asleep for the entirety of this year? Earth to Jamie; we have 40 year highs in inflation, a Biden administration that’s acting more like a super villain than a lover of America, and a hot proxy war with Russia…the only country with more nukes than the US…that with one stupid mistake could quickly evolve into WW3. 

Frankly, odd and out of touch comments from the head of the largest banking empire in the US. Jamie, tell us something we don’t know. 

But here’s where it gets interesting. No sooner had Dimon’s warning sent the markets tumbling then here came the latest forecasts from JP Morgans Chief Market Strategist Marko Kolanovic (who reports directly to Dimon);

Kolanovic sees what we see here at the VRA; near record cash balances from money managers, investor sentiment readings at extreme fear, no recession on the horizon and China reopening (with massive amounts of stimulus). I also found it very interesting that Kolanovic believes “the war in Eastern Europe” (not “Putins war”…kudos) will likely “converge to a settled solution in the second half of this year”. This makes several people (that I trust) that have recently stated that things are going so badly for Ukraine that a brokered agreement is nearing. And, if you’ve seen what Germany is doing…they are now essentially neutral on the war, after pulling back all but the most basic of humanitarian funding to Ukraine…the tea leaves point to a serious loss of trust in the Ukrainian criminal oligarch puppet president Zelensky. Should the markets begin to believe that an end is in sight for Russia-Ukraine, look out above. 

Kolanovic also makes the important point that share buybacks will hit a record $1.2 trillion this year, placing a solid bid under the markets and that he looks for the markets to recover all of their losses by year end.

Here, Kolaovic makes the point that we made yesterday; small cap valuations are at all time lows.

VRA Strategy Update

The action in the markets over the last 2 weeks has been “textbook” base building, reversal action. Whether or not the final lows of this bear market are in place remains to be seen, but after last week I would put those odds in the 80% plus range. 

Important: We’ve just witnessed a rare and powerful reversal, featuring 3 straight days with better than 80% up-volume on the NYSE, an event that has only occurred 3 x times since 2010 (each previous occurrence marked the beginning of a major move higher).

As to this bear market…again, our 3rd in 4 years…with a view towards “history repeating”, a quick refresh here is worth a look as well. 

Following the 2018 bear market (which also took the average stock down 50% plus), here’s how the broad markets looked one year later:

- One year later the S&P 500 was up 40%

- One year later the Nasdaq was up 44%

- One year later the Russell 2000 was up 34%

- One year later the semis (SMH) were up 79%

Following the 2020 bear market (which also took the average stock down 50% plus), here’s how the broad markets looked one year later:

One year later the S&P 500 was up 77%

One year later the Nasdaq was up 100%

One year later the Russell 2000 was up 131%

One year later the semis (SMH) were up 131%

** The (incredibly) powerful moves higher following the 2018 and 2020 bear markets bodes well for the markets coming out of this 2022 bear market. The move higher from here could be equally remarkable. 

VRA Bottom Line: bear market rallies look just like what we’ve just seen. Fast and furious moves higher…and then they just end. Had we not already been in a brutal bear market in most stocks for over than a year, with the average stock falling more than 50%, I would be inclined to see this as more of a bear market rally. But, the economy remains strong without a recession on the horizon, led by continued strength in our two key VRA leading economic indicators; housing and transportation. With the midterms now right at 5 months away, with fund flows remaining heavy into equities (led by surging share buybacks), strong corporate earnings and extreme fear readings from multiple investor sentiment surveys, the odds favor the bulls…as I see it, by a wide margin.

CV Vaccines — More Shocking News — Genocide

Here at the VRA, for the better part of 2 years, we covered the insanity of the China Virus here…pretty much daily. It never made sense to us…it never made sense to you.
It was a plandemic through and through, a point that few even bother contesting today. 

The very worst part of CV insanity were the forced vaccinations. Our view was…and remains…the same. If you want to get jabbed, that’s 100% your call. But the moment these totalitarian fascists began mandating these poison jabs was the moment that we drew a hard line in the sand. 

— You want to command us to take experimental vaccines…over a flu with a 99.9% survival rate…from big pharma criminal operations with a long running history of deceiving the public, in order to line their own pockets?
EXCUSE ME?! —

Now, as we continue to learn the shocking “facts” about the vast dangers from these CV vaccines, there is new research (based on big pharmas own docs) that must be shared with everyone. Even if you took the vaccines, you deserve to know the truth. And maybe, just maybe, this research will convince some to pass on their next series of “boosters”. We must have Nuremberg 2. Must! 

Here’s an excerpt from Dr Naomi Wolf’s latest (with link to full article below):

“The lies revealed are stunning.

The WarRoom/DailyClout Volunteers have confirmed: that Pfizer (and thus the FDA) knew by December 2020 that the MRNA vaccines did not work — that they “waned in efficacy” and presented “vaccine failure.” One side effect of getting vaccinated, as they knew by one month after the mass 2020 rollout, was “COVID.”

Pfizer knew in May of 2021 that 35 minors’ hearts had been damaged a week after MRNA injection — but the FDA rolled out the EUA for teens a month later anyway, and parents did not get a press release from the US government about heart harms til August of 2021, after thousands of teens were vaccinated. [https://dailyclout.io/pfizer-vaccine-fda-fails-to-mention-risk-of-heart-damage-in-teens/]

Pfizer (and thus the FDA; many of the documents say “FDA: CONFIDENTIAL” at the lower boundary) knew that, contrary to what the highly paid spokesmodels and bought-off physicians were assuring people, the MRNA, spike protein and lipid nanoparticles did not stay in the injection site in the deltoid, but rather went, within 48 hours, into the bloodstream, from there to lodge in the liver, spleen, adrenals, lymph nodes, and, if you are a woman, in the ovaries. [https://dailyclout.io/internal-pfizer-documents-prove-knowledge-that-lipid-nanoparticles-in-mice-subjects-do-not-remain-in-muscle-but-were-shown-to-be-rapidly-distributed-in-the-blood-to-the-liver/]

Pfizer (and thus the FDA) knew that the Moderna vaccine had 100 mcg of MRNA, lipid nanoparticles and spike protein, which was more than three times the 30 mcg of the adult Pfizer dose; the company’s internal documents show a higher rate of adverse events with the 100 mcg dose, so they stopped experimenting with that amount internally due to its “reactogenicity” — Pfizer’s words — but no one told all of the millions of Americans who all got the first and second 100 mcg Moderna dose, and the boosters.

Pfizer skewed the trial subjects so that almost three quarters were female — a gender that is less prone to cardiac damage. Pfizer lost the records of what became of hundreds of their trial subjects.

In the internal trials, there were over 42,000 adverse events and more than 1200 people died. Four of the people who died, died on the day they were injected.

Adverse events tallied up in the internal Pfizer documents are completely different from those reported on the CDC website or announced by corrupted physicians and medical organizations and hospitals. These include vast columns of joint pain, muscle pain (myalgia), masses of neurological effects include MS, Guillain Barre and Bell’s Palsy, encephaly, every iteration possible of blood clotting, thrombocytopenia at scale, strokes, hemorrhages, and many kinds of ruptures of membranes throughout the human body. The side effects about which Pfizer and the FDA knew but you did not, include blistering problems, rashes, shingles, and herpetic conditions (indeed, a range of blistering conditions oddly foreshadowing the symptoms of monkeypox).”

LINK: https://www.lewrockwell.com/2022/05/no_author/dear-friends-sorry-to-announce-a-genocide/

Until next time, thanks again for reading….

Kip

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