Don’t look back because the market is closed. Good Thursday afternoon, everyone. Tyler Herriage here with you for today’s VRA Investing podcast. Wow, what a day today. First of all, hope you all had a great day out there today. It was a very good day, I will say for me here, because if you’re a regular listener, you know, I almost always get the big down days. So to get a day where our markets finish higher across the board, fresh, all time highs here as well. And not only that, we finished at the highs of the day today as well.
So it feels pretty good. And it was an eventful day today as well. So I’m have a little fun with the podcast today. Bear with me here. I’m going to try to cover as much as I can of this eventful day because it was eventful from the stock market point of view. Absolutely. But then also now that we are three days in to Trump’s second term here, wow, there is a lot going on that he has put into place already. I mean, this guy came in prepared to his second term and it’s just been an absolute machine so far.
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So I’ll try to cover as much as I can about what just happened today, even since Kip’s podcast yesterday where he did a great job of covering it as well. And of course on Charles Payne today too, on Fox Business Making Money, which Kip was on earlier today. So I’ll reference a few things from his interview as well. We’ll dive into them. But again, forgive me if I miss anything today because there’s just so much, so much going on and I know that we’ve got a great, smart money audience here. I know you’re busy trying to execute and do everything that you can to capitalize on the Trump Economic Miracle 2.0. So I’ll try to cover the most important topics, the highlights, and probably or maybe a couple that you might have missed throughout the day as well because there was so much going on. So first off here, I mean, what a difference a week can make from the Biden administration to from last week to today.
You know, waking up under the Biden administration was kind of always, you know, people refer to it as doom scrolling right on social media. You’re waking up in the morning, you’re like, all right, what did the Biden administration potentially do overnight? Where are our taxpayer dollars going today outside of the United States, or what new regulation do I need to be concerned about and positioning myself to protect myself from what our own government is doing here? That’s Certainly how a lot of days went, especially for the market as well. So to fast forward to today from, from where we were just a week ago, what an absolute 180. We’ve said it here a lot, but it is Morning in America again and we do expect to see a golden age here in the US as well. So now today, you’re waking up, checking your phone, and it’s the opposite of doom scrolling right? It’s all right, let’s get excited here. Here’s some new policies on deregulation that Trump signed late last night that maybe I missed or not just deregulation side, but here’s a new executive order about something very exciting and will benefit the American people and will keep more of our tax dollars in our own pockets. Right at the end of the day, here are things that will help boost our economy. Here are things that will help fight inflation and, you know, to just say it to make America great again, truly.
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So again, back to the Morning in America. Kind of feel. Well, today, right now, we’ve got the World Economic Forum hosting their yearly event at Davos. Every time, every year about this time. You know, I actually didn’t know until a couple days ago that Trump was going to be speaking at the World Economic Forum, which at first, to be honest, I was kind of skeptical of, considering my loathing, which is no secret. We’ve talked about it here a lot as well. First for the World Economic Forum and their ilk. But, wow, did Trump ever impress with his interview.
If you haven’t had a chance to at least catch a few clips from it today, I highly encourage. It’s worth the time to take a listen because I don’t know if the Davos crowd was exactly sure of what they were going to get with Trump, but this. So the World Economic Forum and the really, the Davos crowd is the antithesis of the Trump economic agenda of make America great again, of any points of nationalism. Right. They’re the globalist group. They’re the woke group that’s, you know, taxing our businesses to death. You know, you can’t tax your way to prosperity. These people are communists, really, at the end of the day.
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So, again, the antithesis of our free market, capitalist approach to things under Trump, which we hope to see continue. So far, it’s been done masterfully and he put on a master class of, I hate to say insult, this is the wrong word, but just showmanship, really. For anybody who said that Donald Trump wasn’t presidential, this was a presidential takedown of everything the world Economic Forum stands for. And he didn’t do it directly. Right. We’re so used to the Trump who does call people names. You know, you got Lion, Ted or Pocahontas, which, that’s one of my favorites actually. You know, just to name a couple there, you probably name five more just off the top of your head of insults he’s called people.
This was totally different today. In his speech he just talked about the actions that he’s taking and is going to take. He just laid out his agenda, fact based agenda of what he’s going to do to basically deconstruct everything that the World Economic Forum has been working on for years. You know, he talked about this being a revolution of common sense, getting away from these terrible ideologies, you know, the woke ideologies here. He talked about prioritizing free speech. Now does that sound like the actions of a dictator? Absolutely not. He directly called out big bank CEOs for debanking conservatives. Right.
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I mean these are major topics that go under the radar all the time. Until Mark Andreessen talked about this on Joe Rogan’s podcast, you didn’t see anybody talking about conservatives being debanking unless you were in kind of the, the close knit group of conservatives out there. Yes, we were talking about it happening, but there was no mainstream reporting on this. There still is very little mainstream reporting on this. But you know, thank God there are platforms like Joe Rogan’s out there where someone like Mark Andreessen can talk about these things. So Trump brought it to the limelight here today. He also called out OPEC telling them to produce more oil and bring down energy prices. He even threw a little slight at Biden in there saying that it was surprising they didn’t help him with that, you know, before the election, bring down energy costs to help the Democrat party going into the election.
Right. So the way he weaved through all of this, it was great. He also boldly stated that central banks need to work on lowering interest rates as well as Kip referred to today on Charles Payne show, that’s the concept we’ve been talking about here a lot is gravity yields here in the US Right, where you have the safety and security of the US Government backing versus all of these other countries that have lower rates than us. You know, Germany’s rates lower most or just about all of the eu, Japan, China, you’re not going to get a better deal than than the US So it’s simple gravity that that money is going to continue to flow to the U. S and bring down our yields. And Trump called it out today, excuse me, as well. He also announced that he would make the United States the crypto capital of the world, which isn’t a shock, Right. But to say it in front of this group that has undermined cryptocurrencies in so many ways because they want what I talked about on Tuesday.
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They want a central bank digital currency where they can monitor your every transaction and debank you anytime that they want. Like we saw in the Canadian trucker protest. Right. So overall, he made it very clear that America is done with their woke agenda and we are moving forward from here. It was, again, it really was in so many ways masterful and for anyone and there are times he’s been, you know, slightly less than presidential. This was not that at all. This for the last three days is a man totally different than four years ago who came in prepared, came, came in on a very, you know, we had a mission before that we all supported. Now we’ve got a clear cut vision on how to get there.
Right. Not only the, the bigger picture outline, but these are the actions we’re going to take. And we’ve seen it time and time again over the last few days. You know, a big one last night, freeing Ross Ulbright, you know, the founder of Silk Road. If you haven’t followed that story, I can get that there are a lot of people out there who probably ness aren’t necessarily a fan of his. But I think that pardoning him was the right move and certainly shows Trump leaning and listening to the libertarian side of the party as well. So another great thing that he did there, just minutes ago, he signed an executive order to release information on RFK’s assassination as well as MLK, as, as well. Wow.
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Wow. I mean, this is all stuff we wanted to do in his first term. Right. But I’m glad that he’s knocking it out early here in his second term, you know, putting away any doubts that we had that he was going to fail to drain the swamp here. So let’s see if we can keep this rolling. We’re going to remain, you know, Kip talked about this on Charles Payne a little bit today as well in the Stargate project. And maybe it is a little bit overhyped, going to continue to look at this objectively. Right.
And we’ll report on the good, bad and indifferent here as well. So the stuff I just covered, all very exciting. And again, I think I’m probably just scratching the surface of what Trump did today. So just an exciting time Overall and it certainly seems like the tide has turned in our market as well. This is what Kip covered at the beginning of Charles Payne show. It’s what hit he and I have been talking about here for some time that after the 2022 bear market where we called the lows on October of 2022, we had a, we’ve had a two year bull market, right. We’re just over two years entering the third year of it, which actually is a very bullish year historically. Right, for bull markets.
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I won’t dive into all those analytics and details here. We cover them pretty often. What we saw in the first two years of this bull market was an immature bull market where we had, you know, some sectors would rally while we had this kind of rolling bear market under the surface. Right. Tech would lead, but industrials were down, you know, 15, 20% from their highs. You know, maybe that’s a bad example. There’s plenty of other examples about that. Then tech would pull back while the financials would rally, you know, keeping our markets in the range of all time highs.
But just again this rolling know peak trough, peak trough over and over again. We think we’re in entering a new stage of this bull market where instead of a rolling recession, rolling bare market, we’ve now got a rolling expansion and a rolling bull market. So we’ll have, we saw it again today. You know, tech led yesterday. Now we’ve got value names leading a bit here again today, just back and forth, back and forth where we get, instead of the peak trough, peak trough, we get stair steps, moves higher, right, Rally and then you know, consolidate, catch your breath, alleviate overbought levels and then back off to the races again. And we think that’s what we’re going to see through this still early innings of this bull market. And today again was another good example of that. And so I’ll get to our markets here in a second but we had the semis leading yesterday.
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They didn’t lead today but we had the dow up nearly 1%. Transports also higher as well. And I’ll point out the semis did finish at their highs of the day as well. So again to cover our markets here, impressive session all around and feels good to get an update here, especially after this morning where we were lower, you know, mixed lower across the board here for our major indexes. Tech was lagging. The semis got down at one point almost 2% on the day. It wasn’t looking pretty but we just got steady movement higher throughout the session today to finish at the Highs of the day across the board here. So certainly a win on the day.
Let’s get it, let’s dive into it here. We had the Dow Jones up 9/10 of 1% today to 44,565. After that the S&P 500 up just over half a percent at an alltime high. Feels good to get an all time high day here to 6118. After that the small caps up just shy of half a percent on the day to 2,314. And while the Nasdaq was our laggard on the day today still finished up 210 of 1% and is now less or right at maybe 151 points away from its all time high as well. Wow. Kind of a, you know, sleeper pick there of flying under the radar which tech usually doesn’t do.
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Again finishing at the highs of the day though and very well could take out all time highs tomorrow. Now I will point out, you know, just stuff we’re watching here for the V Investing system. It’s been a phenomenal week for the market. Just three days in on the shortened holiday week. But we are beginning to hit heavily to extreme overbought levels on our shortest term VRA momentum oscillators. I’ll say that we do have longer to run here on our longer term VRA momentum oscillators. But we’ve got to point it out here and you know, we’ll keep you updated on what we’re seeing there and the action that we’re taking as well. But we are beginning to hit those overbought levels again on the short term.
More room to run though here. Next up, looking at our internals on the day to day also this morning weren’t great looking internals and we’ve seen some sessions lately that were good sessions where the internals just kind of failed to impress. Well today we didn’t have any, you know, massive beats out there. We maybe a, maybe a one or two. But the point being we were negative across the board on the internals earlier in the session. Internals also finish at their highs of the day and positive across the board here we had more advancing stocks than declining on both the Nyse and the NASDAQ. 52 week highs of lows also positive for both the NYSE and the NASDAQ as well. And then volume did come in over two to one positive for the NYSE today.
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I just want to run a quick number here and Nasdaq just shy of 2 to 1 positive on the day today. Still impressive numbers here Again, internals positive across the board here. All right, let’s take a look at our sectors on the day today. We finish with all 11s P500 sectors higher on the day again kind of the value names taking their role today. Healthcare leading the way higher followed by industrials and then real estate. Our laggards on the day, if you want to call them that, tech, consumer discretionary and consumer staples. I’m not. I know I talked about Trump wanting to lower interest rates earlier today, but I will point out yields had an interesting day on a day where you have the president calling for lower rates.
They were actually higher today. You were well below their recent peak. We expect the trend in yields to continue moving lower as I said earlier as well. But we were slightly higher today. So good to see the market not worrying about it at all. As we’ve talked about here often, yields in the 4% range just don’t concern us. It wasn’t enough to derail the market and the dot com melt up. We think this market is even stronger than that.
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So no, we don’t see that as another risk to this market. We’ll continue to watch it of course but at the at these levels, not a risk to the market is up today 8/10 of 1% at a 4.63 on the 10 year. Finally here for today, our VRA commodity watch. Let me get a quick refresh here as well. Gold now down 3/10 of 1% on the day to 2006 or 2762 still remaining right in the range of its all time high as well. Silver that down 1.8% at 30.84 an ounce. Copper now up six tenths of 1% at 4.32 a pound. Oil as I mentioned earlier, Trump telling OPEC bring down the price of oil and oil is reacting down.
Tyler Herriage [00:18:25]:
Let’s see here, roughly 6% now from its pre inaugural high, the high from earlier this month. And we know that Trump is working hard to bring down energy prices which really brings down inflation because what does energy not go into, right? Delivers the food to your grocery store, you go pick it up in your car. Everything is transported by energy, right? So lower energy costs brings down the cost of just about everything. Oil down 1 1/2% on the day to 74.28 a p barrel. And then finally for today, bitcoin. One other Trump executive order today was to form a working group to make the United States the crypto capital of the world. Still no announcement yet on the strategic bitcoin reserve. And on that news, I’m sure that bitcoin would have rallied.
But you know, on just a working group, bitcoin just flat on the dayto day at 100 just. Sorry, just hit 104,000, just up slightly. There was as high as 106,000 earlier in the day. Again, the recent high, 109,000. We’ll be reporting on that here as well as crypto news continues to break. But folks, that is all that we have time for here today. Please be sure to subscribe to receive our VRA podcasts every day at the market close. You can sign up@vra letter.com click the podcast link at the top, and we’d love to have you with us.
Thanks again for tuning in. Until next time, we’ll see you back here tomorrow for the close.