Check out Kip's latest interview on Making Money with Charles Payne. Kip discusses the VRA's bullish outlook for the year ahead, predicting a historic run for both the S&P 500 and Nasdaq, and unpacking the key drivers behind his o ...
Charles Payne [00:00:00]:
The next guest had two stocks that made the Making Money top 20 this year. Vista Gold. First, Snowline Gold, up only 198% and Vista Gold, up 178%. Let’s bring in Vertical Research Advisory managing partner Kip Herridge. All right, Kip, first of all, take a bow. Congratulations. These are monster moves, but according to your note to your subscribers this week, the blast off hasn’t even started yet.
Kip Herriage [00:00:25]:
Yeah, that’s right. Hey, Charles, Happy New Year. Thanks for having you back on. What a year it’s been. Look, we, we’re, we’ve been the most bullish investment strategist on Wall street in America, really. From the bear market lows of October 13, 2022. That doesn’t change here. Matter of fact, we think this is the year as overbought as we may be short term, and we don’t love the fact that every Wall street analyst is bullish for 2026.
We can have a shakeout to begin the year, but it won’t matter because those, those people that turn to bulls in the short term will want to get flipped to be bearish again. We think that this is going to be a historic year for making money in the markets. Long term, bulls will be rewarded. We’re looking for SB 500 gains of 25 to 30%. Nasdaq may be up as much as 50% this year.
Charles Payne [00:01:08]:
Wow. All right. So let’s look at the forces behind this blast off, Target 9000, the Trump economic miracle, innovation revolution, and the ocean of liquidity. You know, a lot of folks, even people who are hurt decidedly with TDS elsewhere are admitting this Trump thing is really starting to jet layer and we should see it big time, not just on Wall street, but Main street next year.
Kip Herriage [00:01:31]:
Yeah, people are really kind of waking up on both sides of the aisle. I will say, though, we want people to stay bearish as long as possible. As many people that have yet as long as Bob, please just keep it going so we can make money alongside. But you know, the thing about Trump, and that’s what we’re going to see this year, we’re going to see that he’s been once ahead, everybody. And of course, with his treasury secretary, Scott Bessant, these two together, I would take them 100 times out of 100 against anybody on Wall street where they’re on the same side of the page. And I think they are now, I think this is going to be a remarkable year. Again, I think the key is going to be keeping some cash, sell some rallies, keep some cash. We’re going to take that like the previous guest said.
But I think you got to stay long and strong and be invested in assets that are going to make you money. And just look at the charts, that’ll give it away.
Charles Payne [00:02:19]:
All right, so let’s talk a couple of bits here. Right now. This is a, is it a two or three times play on housing?
Kip Herriage [00:02:25]:
Three times leveraged ETF
Charles Payne [00:02:27]:
Okay, so that’s strong conviction that housing and these housing stocks are going to have a nice resurgence next year.
Kip Herriage [00:02:34]:
Absolutely. We think rates are going to plummet this year. I think that’s a high probability call from us and that’s going to drive housing. But there’s $36 trillion sitting in home equity and housing. 70% home equity is the average. 40% of Americans have paid their home off. There’s only one thing stopping the housing market getting rock and roll again and that is lower rates. That’s what we’re going to see this year.
Charles Payne [00:02:56]:
Tesla, I’m just going to give you a nod because when that was hammered earlier this year, you never wavered. It’s a rocket ship right now. And so what I want to talk about is buying the dip. That’s the thing we’ve got this week. You know one thing that Buffett talked about and even Graham who was his mentor was the inefficiencies in markets and he sell offs that create opportunities. There are a couple of names that you’ve liked and a lot of folks on the show like we’re going to bring up the two names. So buying a dip. First NuScale.
Now we know nuclear is the place to go and but something’s going on. This stock has come down a lot. You think this is a chance of picking up on a dip?
Kip Herriage [00:03:33]:
Yeah, I absolutely do. Look, the whole group got hit in the last quarter of the year. Nuscale was a round trip. At one point we had gains almost 200%. Now we’re down 25%. So it’s been painful for sure. But the key to NuScale is that there are two events that took place. Fluor, one of the original investors decided to sell the majority of their stake.
They said they were going to do this long ago, but it allowed the shores to really pound the stock. We think that this is the leader. SMR is the leader in small scale nuclear power. They’re the only ones that have the NRC Nuclear Regulatory Commission complete approval to launch these things. We think they’re going to have contracts for at least 5 of these by the end of the first quarter of 2026.
Charles Payne [00:04:14]:
And real quick, I can’t let you go without asking about digital. Galaxy Digital, I happen to be in it too. I tried to pick the bottom. I was early. Let’s into what we said when it still goes down. Is it just the forces strictly tied to digital currency?
Kip Herriage [00:04:30]:
That’s a big part of it. But they’re a leader in this space. They do things that nobody else does. They have five divisions in the cryptocurrency space. And what we love about this area now because of course it does all move with bitcoin. Bitcoin just had it’s only its fifth year down since 2010. Historically speaking, when bitcoin has a red year the year before, it’s up to next year 100% of the time, with the average gain of 117% we think Galaxy Digital will put up returns of at least. I would think 100% in 2026 would be even more.
Charles Payne [00:05:00]:
Yeah. You know, Kip, again you have two of the top 20 names this year up almost 200% each, and neither one went up in a straight line. So folks, listen to this man. Buckle up. But list to this man. Happy New Year, Kip.
Kip Herriage [00:05:12]:
Thanks, Charles.
In today’s episode, Kip dives into the whirlwind market action following a volatile overnight session, discussing how sharp drops in the futures market turned on a dime thanks to positive war developments. Speaker A breaks down the resilient "smart money hour" rally, key earnings updates—especially the much-anticipated Nvidia report—and why extreme market reactions are actually textbook bull market behavior. You'll also get the latest forecast on GDP growth, insight into the Federal Reserve’s next moves under new leadership, and how rotational strength in market sectors continues to drive this unique bull market forward. Whether you’re an active trader or a long-term investor, tune in as Kip unpacks what’s moving markets, what’s ahead for rates and commodities, and why these dips may just be prime buying opportunities. Tune into today's podcast to learn more.
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Welcome back to the VRA Investing Podcast! In today’s episode, Kip Herriage breaks down the current state of the bull market as the S&P 500 and NASDAQ notch new all-time highs. He reflects on the accuracy of VRA’s long-term market forecasts, dives into why this era of innovation goes beyond just the AI boom, and previews changes coming to the VRA approach—including new focus on opportunistic IPO trading. Kip Herriage also shares lessons learned from the dot-com era, offers bullish insights on Tesla and Nvidia, and calls out lingering market bearishness as a powerful buy signal. Tune in for analysis on market cycles, trends in commodities like gold and bitcoin, and a candid look at why the economic growth story is just getting started.
