In today's episode, Tyler breaks down an exciting day of stock market action. He covers the economic data that helped lead to today's rally and why we remain so bullish on the market despite the widespread pessimism. In addition, we’ll discuss significant catalysts on the horizon for our markets. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Thursday afternoon, everyone. Tyler Herriage here with you for today’s VRA investing podcast. Hope you all had a great day out there today. If you’re watching the markets today, if you’re in this market right now, you had a very good day today. In case you didn’t notice, I’m with you here today instead of Kip. He’s had a very busy day today as he was the opening guest on Charles Payne. Fantastic show today.

Making money on Fox Business as at the 02:00 hour eastern time every day. We’ll have the recording up on our website soon here as well, or you can go check it out on our rumble channel as well. Just a fantastic interview. Charles is the best, and I think you’ll recognize a lot of Kip’s themes in his interview. If you’ve been listening to the podcast here, then I also highly recommend this evening going and checking out. Kip will also be on another show today, and that is on real America’s voice on Wayne Allen roots hit show, the root reaction as well. So tune in to that tonight as well. Much like today’s show on Charles Payne.

[00:01:20]:
He’ll expand on some of the topics, you know, that he talked about on Charles’s show today and just why we remain so bullish here for this market when there is so much pessimism out there. Right. If you’re watching mainstream media, even if you’re following financial so called gurus out there, there are so, there is so much fear mongering happening right now, especially as we are in a volatile time as a country, as always during an election year. But after what we’ve seen since the beginning of coronavirus insanity, is this constant bombardment from perma bears and fear mongers telling you this market is due for a 40% 60% correction. Outrageous numbers. Right? Well, we’ve gotten a lot of hate for this, but our tune has been unchanged, that we are in a structural bull market of size and scope. We laid it out in our latest book, the Big Bribe. Hard to believe that it’s been almost two years since we published it.

And think about what was happening when we published that book. It was the fall of 2022. We just, we’re just getting to the tail end of a brutal bear market, right. That we’ve seen that got, again, so many people scared out of this market, a lot of people who still aren’t back in this market and have unfortunately missed out on the massive gains that we’ve seen, not only from our major indexes, but from our favorite sectors as well, and our favorite positions, too. So again, tune in to hear the other side of that argument. If you’re tired of being scared to death all the time that the sky is falling. Twenty four seven. And keep your money out of the stock market, which Kip and I talk about this often with, the wall of worry is what it’s called that the market loves to climb, but there’s a massive wall of worry.

I would blame no one for wanting nothing to do with the market. As Kip talked about today on Charles paint show, the semis did just have a technical bear market of their own. While our major indexes didn’t get to that level, SMH, the semiconductor ETF, fell over 20%, which is a technical bear market. However, we looked at that as a fantastic buying opportunity. Right, when everyone was saying there’s so much more room to the downside to go here. This is just the beginning. We were buyers at that time, right? And not to toot our own horn here on it, but that is what we want to do here, is to help people to see through the fear porn out there and to be able to make good investment decisions. Going back to the beginning of the us stock market, there’s never, never been a pullback so far that we didn’t get back to all time highs there.

[00:04:30]:
Right. If you need to hear much else, then maybe you shouldn’t be in the market. But that’s the case, of course, you know, that run might someday come to an end. Will it be in our lifetimes? Probably not, right? And Kip and I talk about this here often as well because we get so much feedback of, you know, Kip Tyler, how can you be so bullish with this Biden administration with a potential future Harris administration? Right. If they’re, if Trump does win this election, they’ll probably find a way to rig it anyway. You know, in the american economy, in collapse, isn’t it, in freefall mode, aren’t our best days behind us? To all of those, we would say no. First off, we do think that the best days, not only in this country, but worldwide, are still ahead of us here. And that’s a key point to everything that underlies our investment thesis, that our best days are still ahead of us.

And then what does a Harris administration look for? Kib has talked about this a lot, and thank you for your feedback on this. We knew that it would be a topic that people were interested in, but your feedback on this topic in particular has really been helpful. And something that, you know, we’ll make a point to continue to talk about here because, just because of who’s in the White House? Well, first of all, this is a personal opinion, not a Vra opinion. But once you start to buy into who the president is and how that affects you, right. If you can’t succeed under a certain president. Well, yes, it may be difficult, but you probably already lost at that point if you think that you can’t. Right. We don’t like to think that way.

We always think that we can get it done and we will make it happen. But the key point here, right. A more fundamental reason, not a emotional is probably the wrong word, but not a sentimental reason, right. Not a sentiment. Reason, I should say, is that who owns most of the stocks in this country, right. I believe the 1% own something like 90% of stocks. What happens to their money if the economy does collapse, if we do have a communist takeover here in the United States, or if we just have a terrible HaRRis administration, four more years of what we already gone through, right. You think that those people at the top are going to let this market just crater? No, they’d rather inflate your currency away into nothingness.

[00:07:11]:
Right. That’s why we talk about here. To hedge yourself against inflation, you must own hard assets. That includes stocks. That includes real estate, commodities, gold, silver, gold, miners, for that matter. And, of course, cryptocurrency as well. This is how you protect yourself against inflation. It’s what the, the, the ultra wealthy know and why they keep so much of their money in stocks, because they know that rather than a collapse, we’ll print our money away into nothingness eventually.

And at the end of the day, owning stocks will hedge you against that. Right. Owning gold where you can transact in multiple currencies afterwards, will protect you from those things. So again, we don’t think that the 1% is going to destroy their own wealth just to see Trump off the ticket. Now, we could be wrong if that happened, I’d be the first to admit that I was wrong. Would I be absolutely stunned by it? Yes, I would be absolutely shocked if that were the case, because, again, these people don’t want to destroy their own wealth. Right? So that being said, again, here, we want, and regardless if you’re a VRA member or not, we hope that you’re out there, you know, investing in your favorite companies, or if you don’t like investing in individual companies, buying the index funds are not a bad option here either. It’s one reason why we like trading ETF’s so much, you get the diversification with limited downside risk.

Right. All right. So that being said, let’s take a look at the action on the day. And let me just say this, too. If you’re not in this market yet, it is not too late either. The best time to have planted a tree, of course, was 20 years ago. The second best time is today. So take that into your consideration when you think about buying stocks.

[00:09:13]:
Yeah, this bull market has gone on for two years. Well, good news, they typically go on average length is over four years. So you’re only halfway through here. And we see this bull market going into 2030, ultimately taking the Dow Jones to 100,000, taking the Nasdaq to 40,000 as well. And we see it being all led by the innovation revolution. So naturally, you want to own tech and the semi specifically here. That being said, if you want to see our full portfolio, you can find it@vraletter.com. got our 14 day free trial there right now.

So you can see everything that we have to offer absolutely risk free to you as well. So come check us out, see if we’re a good fit for you. We’d love to have you here with us. All right, again here. So, exciting day, if you can’t tell, I’m a little bit worked up here. You know, it’s been a fun day, busy day, too, but in a good way. Right. Again, exciting day for the market.

Finishing higher across the board for our major indexes. And not only that, finishing near the highs of the day today. Exactly what we’ve been wanting to see from this market. Then you look at the internals. We got exactly what we wanted to see there as well, and on and on. So let’s jump right into it here. But before I get to our major indexes, we’ll start with what kicked it off this morning, and that was more economic data. Our futures were higher going into the data this morning.

[00:10:45]:
And then really the ramp higher began after it came out. So this morning we had jobless claims as well as retail sales numbers, which are two of the biggest fears for this market. You had the strength of the consumer and the jobs market as well. Well, the jobless claims came in at 27,000 or, sorry, 227,000 below expectations of 235,000. Now, of course, we did see, as Charles pointed out today, wage growth slowing here, but wages have risen a significant amount. And one of those things, we try not to look at any one data point too much. Now we start to see a trend of it, it would be a little worrisome. But as inflation has turned into disinflation, wage growth can moderate a little bit here and would not concern us.

But we do want it to continue to see it growing here. Then retail sales coming in much hotter than expected at 1% year over year versus expectations for three tenths of 1%. Ex autos also beating expectations as well. And then our markets really showed that they liked the news and futures rose even higher from there. Ultimately again after it was off to the races, we finished near the highs of the day today, led by the small caps. Russell 2000 up nearly 2.5% on the day to 21 35. Next up, the Nasdaq up 2.34% to 17,594. And just what you want to see, semis leading the Nasdaq.

We talk about this here so often today, nearly a double SMH up over 4.2% on the day. Adding to its gains of the week. SMH is now up over nine and a half percent on the week this week. Again, going back to one of our topics from last week, kind of the FIFO view of these pullbacks in a bull market. First in, first out, as I mentioned, semis gotten to a technical bear market now leading the way higher. Again, exactly what you want to see. Next up, the s and P 500 of 1.6% to 5543. And lastly, the Dow Jones up just below 1.4% to 40,563.

[00:13:13]:
Quickly here, I’ll cover this. Kip covered it in his interview today, so I won’t spend too much time on it here. But we do see three powerful catalysts right around the corner here. First up is next week, Jay Powell speaking at Jackson Hole. We expect a very dovish Jay Powell from that meeting. Then afterwards, Nvidia earnings, which really kind of kicked off the whole AI innovation revolution theme last year with their May, I believe, is Q one, earnings from last year where Nvidia has just been a rocket ship ever since. So a lot of people will be watching Nvidia here. And then the FOMC meeting, which we’re just about, just over a month away from that comes in September 18 is when they wrap up that meeting where the Fed is expected to begin their rate cutting cycle.

So we’ll see after those three events if we get a little bit of a buy the rumor, sell the news kind of event. We don’t think it’d be a pullback like we just saw, but yet another buy the dip opportunity. And keep in mind, between now and then, we will have another look at inflation as well. We’ll get PCE data out later this month, and then we’ll also get another round of CPI and PPI for August. So stay tuned. We’ve said this a lot. I know it’s still technically a summer month, but now is the time to be locked into this market. Next up, looking at our internals on the day to day, we got exactly what we’ve been looking for here.

Positive numbers across the board. Advancing stocks speeding out declining stocks. Coming in just shy of three to one positive on the NYSE and just shy of three to one positive on the Nasdaq. 52 week highs to lows. Coming in positive for both here for the first time in a little while. Coming in almost ten to one positive on the NYSE. Managing come in positive by just three issues on the Nasdaq, 108 to 105. But hey, we’ll take it as a win today.

[00:15:18]:
Positive internals across the board, everything advanced decline, 52 guys lows and on volume. And volume was really the story you want to write home about as we had 85% upside volume on the NYSE today and 75% upside volume on the Nasdaq as well. So again, this is exactly what we’ve wanted to see from the internals since the pullback that we’ve seen, you know, at the beginning of this month. So really good action today overall, and our sentiment indicators are reflecting it. The fear and greed index is now out of extreme fear mode. Still in fear mode, though, at a 33. So still certainly not conviction yet for this market. Yields were up a little bit on the day today, back to a 3.92.

We’ve talked about this here. Often, though, we expect the downtrend in yields to continue from here. Next up, looking at our sectors on the day today, we finished with nine out of our eleven sectors higher on the day. We were led by consumer discretionary and then tech. So exactly what you want to see. Then I’ll point out a couple of all time highs that we saw here again today. I talked about these yesterday. Healthcare hit an all time high yesterday, hit another one today, and I mentioned that consumer staples were banging on the door of all time highs.

Well, we got that here today. So I said this yesterday, too. These are the defensive sectors, so not the ideal all time highs. We’d much rather see it from tech, right, from communication services. But we had a bigger pullback in those groups. Really, the defensive names held up very well from this pullback. And at the end of the day, new highs still beget new highs. So, yeah, maybe not our favorite sectors to do it, but still not a bearish occurrence here.

[00:17:11]:
And we think it’s only a matter of time before our favorite sectors get back to that all time high level. And we think it could happen in a very quick fashion as well. Then, looking at our two laggards on the day, really, utilities were pretty much flat, so we were led lower by real estate. Down three tenths of 1%. Could have been a reaction to yields a little bit. But if you’re a regular listener, you know that the S and P 500 real estate sector is not what we like to look at for housing, right? Because we like to see in a bull market, housing acting well and the transports acting well. Transports were up as well today. So while the real estate sector was lower, and it’s mostly made up of reits, so that’s why we don’t like to use it as much.

We prefer to look at the home builders. Well, the home builders were up nearly 1.8% on the day to day. Good move here. And again, with all the bearishness about housing out there, this continues to defy those bears. And HGX, the housing index also up 1.1% on the day to day. Good day overall, and will continue rolling their gold. Well, sorry, with our VRA commodity watch here, gold now up six tenths of 1%, just below $2500 an ounce at $2,494 an ounce. Silver up big nearly 4% on the day to $28.42 an ounce.

Copper up two and a half percent to $4.14 a a pound, and oil up 1.5% to $78.10 a barrel. Finally here for today, we are getting a bit of a sell off here. Started a couple hours ago in bitcoin, now down 3.8% to $56,847 of bitcoin. But I will say this is a group we do remain bullish on here. We remain long and strong bitcoin folks. That is all that we have time for here today. Please be sure to subscribe to receive our Vra podcast every day at the market close. You can sign up@vraletter.com click the podcast link at the top and we’d love to have you with us.

[00:19:25]:
Thanks again for tuning in. Until next time, we’ll see you back here tomorrow for the close.