In today's episode, Kip dives into a turbulent week for the markets, unpacking why the recent downturn isn’t as bad as it might seem and why he believes the bears are setting themselves up for disappointment. He covers the contrasting signals from fear and greed indicators, his take on investor sentiment, and the enduring strength of market fundamentals. From the impact of the government shutdown and looming flood of liquidity, to the ongoing innovation revolution and the financial strengths underpinning the U.S. economy, Kip offers his candid perspective on why optimism is warranted for long term investors. He also shares why this isn’t the time to get caught up in bearish hype, comments on the role of key political figures in shaping market direction, and gives a sneak peek at upcoming recommendations especially in the fast growing world of crypto. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Friday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day. Hope your week is fantastic as well. Little, little topsy turvy this week. Our markets did finish lower this week and I think we’ve got a pretty good reason, why don’t we. We’ve had some teeth in the armor.

We’ve been talking to you about that this week. But just to be crystal clear about this, so there’s no confusion because you know, how if you, if you’re a long term listener and thank you. I know a lot of you are. You give me your feedback on Twitter or X and by email and by phone call and, and DMS and all that. We really appreciate it. Appreciate more than you know and love the feedback. And hey, it doesn’t have to be positive, but let’s keep it business like, you know, I will tell you. And listen, this is, I think of our, of our subscribers in the vra.

[00:00:50]:
I would say, I think this is pretty close. I would say we’re 80% conservative, not even Republican. Necessary. 80% conservative and 20% Democrat. I don’t even know. Liberal now is a dirty word in my opinion. And so we have a lot. We do, we have a number of people here that just don’t like Trump.

And I get that. All right. If you know me, you know that I call it like I see it. Of course, I’ve done that religiously about the, about the pandemic, about the shutdowns, certainly about the jab. What the fuck is this still doing on the market? What is it still, I mean, it’s just, it really is unconscionable. And I, as I’ve, again, I’ve been, I’ve been very open, honest about this. This is going to be a permanent blemish and a bad one on Trump’s presidency because of the damage. Yes.

And the deaths. And I always hate to even go there because I know a lot of people are forced to take these things. I get it. It was not, it was more than a rock and a hard place, man. It was like life and death. You want to lose your career or not, Then take this. Everybody else is doing it. I mean, it was unbelievable.

[00:01:53]:
And again, that happened under Biden, but it couldn’t have happened unless Trump rushed these on the market as the father of the jab. So again, I say that to say that I think I’ve been pretty fair about, about, about both Democrat and Republican. So when I Say keep it, you know, business like that’s what I mean because I do call it both ways but again, love you all and appreciate your feedback but not a great week but I think we’ve got a lot to look forward to here, really do because look, Fear Greed index style just reminded me hit a low 14 today. 14, okay, that’s extreme fear on steroids. We are seven days away from all time highs and the fear greed index is at a 14. Now we don’t see that kind of fear in other surveys. I’m going to be honest about it, this one is a little caddy walker. This week the AAI investor sentiment survey came out with slightly more bears than bulls but no extreme like the fear and greed and the, some of the others again show investors that feel actually pretty bullish, professional, professional, professional managers.

But again these are people that are voting and so I don’t even know how much some of this is trustworthy. But I can tell you my feeling because I’ve got a pretty good compass on this and I follow a lot of people, I say a lot. I’ve got probably 40 to 50 people that I follow on X. I’m not on the other social media platforms and again because I’m doing for research, I follow some people because I like you and I want to see what you’ve got to say. But I follow most people professionally speaking for the market point of view because I really want to know what they’re saying to give me a sense of what is the sentiment out there on X. And so I do think I’ve got a pretty good handle on I will tell you that the people that have gone bearish now, they tend to be bearish anyway. I, I hate to even call them perma bear, but they kind of are there. They always have a negative bent.

They, I think, I think a lot of this is tds. Like I think it’s TDS light. I think that I, I, we’ve seen this in every presidency. We’ve seen it under Biden, under Obama, under Trump. 1 Trump 2 at the first sign of trouble and we saw that with the, with the elections this week. That, that looked like trouble for Trump. It wasn’t. These are rigged elections.

[00:04:14]:
Number one, Wayne Allen roots got that exactly right. It’s blue states. I mean these are, these are not honest and fair elections. And now if you saw the what’s coming out of New Jersey today, we already know New York is completely rigged. If you saw what’s coming out of New Jersey today, there’s something like 250,000 votes. They can’t figure out where they came from. There’s a lot of votes. And then Virginia doesn’t, doesn’t require proof of citizenship.

And I don’t believe they, well, I’m almost positive they don’t require an id, but you have to sign an affidavit or have some other form of id. Bottom line is these are, these are not honest elections. You know how many are around the country now, Right? Because this whole thing’s a big job. But the bottom line is that looked like a cheat in Trump’s armor, didn’t it? These lost elections and Democrats are really, boy, they’re really, really excited about this. You know, the far left is really stoked about this. And I’ve seen that this week in the turn that’s happened with so many people on X. And I have to say that I also know they’re not, they’re not Trump fans. And so now it’s amplified, right? So now they’re letting emotions getting the better of them.

And these are people that have done this about as long or longer than I have. That should not be happening. You shouldn’t if you, if you let your emotions get the best of you, especially if you’re, if you’re a technical analysis guy. And by the way, this is kind of who I’m talking about right now. They’re talking about the Hindenburg omen and the Titanic something or other. It’s like they, they name these things as dark as they possibly can. And this is what they’re, this is what they’re, they’re saying is the reason they’re bearish. Now, look, we pay attention to the technicals.

[00:06:04]:
We’re 70% fundamental, 30 technical. That’s how the VR investing system works. And it’s folks, it’s just if you know our history, you, you know it, you know, it served as well. And over my career, I’ve never been primarily a technical analysis guy because it doesn’t work like that. The markets are based, move primarily based on the fundamentals, the technicals there as a tool, the technicals are there as a signal, but they’re not nearly as important to the fundamentals. And again, 41 years, folks are doing this. I can tell you that that’s exactly what it is. That’s just the way it is.

The technicals are important, though, as a, as a signal. And I think people, some people have it backwards with these Hindenburg omens and Titanic something or other is these clusters of somewhat bearish internals and that’s really all they’ve been. We’ve had clusters of somewhat bearish internals that in the past have sometimes indicated a bear market or a rough, A rough patch is coming for the markets. I don’t deny that that’s the case, but as Tyler and I just talked about, it’s like, it’s like 40, 60, like 40 of the time, 6 of the time, these may hold up. Fourth of the time, the market goes entirely different direction. And so bottom line is, yes, we pay attention to them, but not nearly like we do the fundamentals. Let me explain the importance of that. This bull market is based completely on the fundamentals.

If you’ve been with this a while, forgive me, but I have to, I have to repeat it. We got our big three again. We outlined all this in the Big Bribe. Our big three are the Trump economic miracle. Again, the one big beautiful bill kicks in. January 1st, January 1st. And if you don’t know what’s in that, I encourage you to spend this weekend looking into it. About the tax benefits, about the business consequence.

[00:07:54]:
Business owners have massive ability to write off a hundred percent, to expense 100% of new, of new purchases, new acquisitions in year one. Manufacturing. Again, Trump’s got $18 billion, $18 trillion in commitments from abroad to come into this country. What are they going to do? They’re going to make their stuff here so they can avoid paying the tariffs. That’s been another. I don’t want to get too off our track here. Again, Trump economic miracle. That’s tax cuts, massive deregulation, and yes, it’s tariff policy.

If that fails the Supreme Court. He’s got backups. We’ve talked about this week. This week. And if it happens to fail and there is no backup, and of course there is. He’s got multiple options there. They’ll have that in place. Again, the, the, the, the, the, the prediction markets say Trump’s going to lose.

Right. Bessant and Trump and his team seem very confident. Of course they would. It might be an embarrassment, but not for Trump. Trump doesn’t get embarrassed. He’s always moving forward. That is, it is a, is a rare gift. I don’t have that gift.

[00:08:58]:
Right. I don’t have that gift. If I, if I get something big wrong, man, I got to tell you, I, I wear that, I wear that. Oh, I wear it for a while. Just. I don’t like being wrong. Trump doesn’t care. He’s moving forward.

Right. There’s a lesson in there, I think, for all of us. Maybe not to his degree, but to at least some degree. And then finally of course the tariffs, tax cuts and deregulation, that’s. And again one big beautiful bill all comes in next year. In addition, the innovation revolution folks, we are in and I put this out on Twitter X this morning we’re in the second inning of the innovation revolution and frankly I wanted to say bottom of the first or something like that because we are so early in this. This is just starting. It’s just absolutely starting.

And so to the people that say as I don’t like mentioning names, you know, because these people weren’t here to defend himself and I don’t think that’s quite fair. This guy’s a well known technician and he makes big calls. He’s wrong a lot. Okay. But anyway he, he basically said to. Not basically he did say today that the highs are in place for four or five years. And, and I know this is a flip flopper. It’s a guy that’s, you know, that’s.

[00:10:10]:
We don’t do that here. Right. We don’t flip flop because I don’t know how you follow somebody that last week was urgently bullish and now because of these Hindenburg omens and Titanic whatever they’re called and some, some negative action in AI and Michael Burry going bearish the shutdown. So animal spirits of left that kind of thing. But I don’t know how you follow someone and put money, you know, with their, with their, with their opinion if one week they’re unbelievably bullish and then the very next week for reasons they can’t explain except these, these, these Hindenburg and Titanic clutters clusters of somewhat negative internals. And by the way, internals are fantastic. That’s the thing. We’ve yet to have all awful internals.

You know, it’s not been a great week. We’ve had a couple bad days again big come back today. But the internals were positive today across the board except for new physical highest lows. But that’s cumulative. So there was no way that could be positive day. Right. Because the market, the, the, the Dows was over, down over 500 points on point. Nasdaq was down 4.

I think I saw 480. We almost hit 500 down Nasdaq. That, that’s a big decline. That’s an attention getter. Okay. I didn’t, I didn’t like seeing that. But then the eternal. Then we had this big smart money hour rally again on the Friday which is rare.

[00:11:30]:
Fridays are the days that have Been pretty ugly. And then, you know, throughout history, you know my investing history. Well, you, you just, you’re praying for a down Monday that I, the, the best buys I’ve had in my career, without question, have come up. You want to talk about a cluster or something? The clusters in my career that have given me the best buying opportunities always been on a down Monday. Doesn’t mean we won’t have a down Monday. Don’t think that’s going to happen. I think the Bears had their chance. I think they blew it today because there’s just, there’s just no reason to be bearish here.

Now, fundamentally speaking, second inning, the innovation revolution and then again, the other big one. We have an ocean liquidity. It’s an absolute ocean liquidity. You’ll meet a. You mean to name it all for you 2, 22. More than $22 trillion in MT money supply. All time high. Global MTU money supply also all time high.

Been up 17 straight months. So it’s not just the US this is a global economic expansion and massive bull market in the very early innings. Again, this is it, folks. This is the way it is, right? These are facts I’m giving you here. This is not conjecture. I’m not talking about clusters of somewhat negative internals. Over a week or two. I’m giving you hardcore economic facts are fundamental analysis brought to you by data, by data that anyone can access.

[00:12:54]:
We just found it yesterday. Money market funds another all time high. 7. I think it’s off 7.5 something trillion dollars. 40% of Americans, Tyler covered all this very well yesterday. 40% of Americans have no mortgage. Paid off their debt paid off. Their home household debt is at another all time low.

Now again, homes make a big part of that. 70% of American, excuse me, equity in homes is 70%. It’s now over $37 trillion in home equity. So. And again, another one of our mega trends in the big bribe is a millennial generation. Now the largest segment of the population, 72 million strong, loaded, absolutely loaded. Why are they loaded? Well, they’re pretty good money, very smart. And they’re inheriting, they’re inheriting $85 trillion.

That process has already started. The boomers, we’re, we’re not, we’re not ready to say goodbye yet. Right. We’re still, we’re still, still enjoying our money, still investing it. But I’m 63. Some boomers a little bit older than me are already making plans to gift their money. They’re giving it or they’re preparing to go. You know, to, to, to the afterlife.

[00:14:10]:
That process has started. That money is being transferred. And millennials are investing fools. They love to invest in bitcoin cryptos. We have our new crypto. You know, we’re going to. On our VRA X account for the non, non VRA members here, we’re gonna, we’re gonna announce what that crypto is. Our new crypto buy rec on Monday at VRA Insider.

I believe that’s our Twitter account. I’m sorry, I know, mine barely. But VRA Insiders, our Twitter account, our company one, we’re going to announce it there for the world to see. And I got to tell you, this thing is going to be big. There’s a part of me that likes it more than bitcoin. And I know it sounds bizarre. This thing trades it. I don’t want to get too much away.

But anyway, Monday, we’ll, we’ll announce it there and then maybe next week we start talking about, as you can tell, I’m dying to. Anyway, millennials love housing, they love the stock market, obviously, they love cryptocurrencies, and they’re born entrepreneurs. So again, all of this is under that umbrella of an absolute ocean of liquidity. And that’s why these dips don’t last long. And that’s why they’ll continue to not last long. Now, this week was more than a dip, there’s no doubt about it. While the SPF 100 is only down 3s, 500 is down 3% from size, 3% from seven days ago. Again, fear of greediness.

[00:15:28]:
14. As I said today on X, I’m looking forward to this podcast as much as any podcast I’ve done in a long time, because I see the bears are trapped. They’ve trapped themselves again. They have some form of a TDS syndrome, which I talked about a minute ago and absolutely convinced. I’ve seen it plow so many times. They are itching. They, they just, they’re perspiring. They want the marks to go.

It’s begging and pleading. And again, I just, if folks, look, I’m pretty good at looking at both sides of the equation, and I ain’t seeing it. I’m not seeing it. I’m seeing what we’ve talked about now for a long time. A psyop of negativity that is pervasive. It has consumed certain people. I’d love to have some kind of a psychological study on the people that are most impacted by it. My guess is they’re the same people most impacted by government propaganda.

I Put the odds of that about 90%. In other words, they can’t not be positive. They can’t not be negative. They have to be negative. And folks, we’re not in that era. Now. Did you see Elon Musk shareholder meeting yesterday? Took over an questions for over an hour. Tyler covered this in great detail in this phenomenal podcast yesterday.

[00:16:55]:
Look, I know you all rather see Tyler do his podcast every day. He does video. He’s got much more facts. What’s happening now? He’s. Tyler’s much smarter than I am. I don’t think that’s any secret. I just happen to have done this longer. But he covered that, you know, the shareholder meeting in detail yesterday.

I mean, the reason to be. I mean, are you kidding me? Stock was down today, but who cares? It’s a buying opportunity. It’s called a gift. That’s called an absolute gift. Every day this stock is down is a gift from God. All right? So, you know, look, without going over it again. What, What? What? A shareholder meaning. Wow.

Wow. Everything happened next. Just next year. Just next year, they’re rolling out the Cyber Cab Robotaxi, right? That goes into production in April, like that. Mass production. Well, that means for that to happen, the law has to go ahead and make autonomous driving legal, doesn’t it? Now, do you think they’d be spending these billions of dollars building this facility and going into production with a Cyber Cab if they didn’t already know they were going to get federal and, by the way, global? This is going to be all over the world. Of course they wouldn’t. Elon.

[00:18:09]:
Elon Musk too smart for that. His contacts are way too good. All right, in addition, next year they start this semi production. This is. These are already on the road. They get 500 miles of range, like I think he said. Coca Cola, Pepsi. Others are using them now.

Love them. I’ve seen interviews of truckers like, please let this be the only truck. It’s got more power than anything I’ve ever seen, got a phenomenal range. And it’s just a. It’s a technological thing of beauty. It’s a marvel, right? You should watch some of these interviews. It’s pretty cool. So they go into mass production next year.

And what else? Yeah, Optimus. Optimus. So anyway, that’s just next year. That’s what’s going into production next year. And so look, it’s. It’s. What is it? Early November? I literally salivate about finding a way to buy more stock. And we’re.

[00:19:02]:
We’re already kind of loaded down. All right. Been buying this since 18 bucks, though my cost base is a little bit higher than that. But we, again, it’s a normal stock to own for the innovation revolution and it’s going to make a lot of people a lot of money and good man. This guy is unlike anybody I’ve ever seen before. You know, the abuse that he takes in the, in, in the eye of the public is, is crazy for, for the good that this guy is trying to do. I know it can be a little bit goofy, but I mean, come on, he’s, he’s Elon Musk. I mean, he’s not normal.

He’s not a normal human being. He’s built a little bit differently than most others are. You know, as to the shutdown, again, this is what a lot of the bears are hanging their hat on. I think they’re missing a big point. And by the way, this shutdown has been very, very bad for the economy. We see it, it’s getting worse. 10%. All flight flights have been cut 10%.

Animal spirits have definitely been impacted by this. You know, you know, 42 million, you know, the reasons that it’s been bad. But as we learned today, they’re talking again. You know, they just. I think both sides know this can’t go into Thanksgiving. That, that can’t happen. And I think that, you know, they’re going to get a deal done I think soon. I would be surprised if we get past next Wednesday without a deal done.

[00:20:18]:
And that that’s one of the reasons the market came roaring back today. Here’s the big thing about the shutdown, and I’ve seen some people talk about this, but everyone should be aware of it and should be talking about it now. Hear me on this. The government shut down, which means the treasury general account, which is where everything gets paid from and gets, you know, filtered into the economy or if you would say, maybe, maybe thrown into the economy. The treasury general account has not been making any of those distributions to the tune of $1 trillion. This is from the government. This is directly from Fred. Right? $1 trillion, folks.

This is the second highest amount that the treasury general account has ever had in cash. One trillion. The only time higher was during the pandemic. And there was a cluster of those for about a month. And now what do you think is going to happen when the government shutdown is over? I can tell you what’s going to happen. This money is going to come flooding back into the economy. Flooding. And I’m talking about stock market.

I’m talking about banks again. Banks first get this money and distribute it. It money goes in the banking system, it’s immediately felt in the stock market. That’s just the way it’s always worked. $1 trillion. And in the markets, liquidity is everything. Again, that’s been one of the thing drags on animal spirits is this $1 trillion has not been in there and it’s about to start coming back in. And by the way, who is the Treasury Secretary? Who’s the Treasury Secretary that controls the treasury general account? Oh, that’s right.

[00:22:03]:
Scott. Destiny. Scott Besson is the perfect Fed chair, excuse me, treasury head for, for Donald Trump. Steven Mnuchi was fine. I have a problem with him. But he wasn’t really, he wasn’t anything like Scott Best. Scott Besson’s a bulldog. You know, think, think what you want about his personal life.

You know, he’s gay and I know, look, I’m from Texas, so for some people that’s, that’s the problem. I, I don’t care. I couldn’t care less. Just, just don’t tell me. I don’t want to know about your personal life. Let’s go. Just, just be a person and let’s live our lives together. Right? But he’s a bulldog.

He’s exactly the guy Trump. So Trump needed round one and now he’s got him beset. And Trump understand the significance, importance of the midterms now more than ever, especially after this communist in New York City got elected. Right? They know the importance of the stock market melting up. Continuing to melt up, by the way. Not, not starting to, continuing to. It’s only been a rough week, right? All time high. Seven days ago, this trillion dollars is going to flood into the market.

[00:23:11]:
And I believe next week could be sensational. The bears are trapped. Just this happens. How many times this happened? We’ve seen this movie. How many times. And it’s frustrating for a lot of us that are out there being right, been bullish and we’ve been right to be bullish and to see these, these people online that get literally thousands and tens of thousands of likes and retweets and they’re wrong 90% of the time, folks. That proves my point about the psyop of negativity. That’s what people want to see.

That’s what they believe is going to happen. That’s how they’re positioned. They, they’re heavy in cash. They’re just waiting. You know, again, I don’t, I don’t, I don’t understand it. I just don’t understand it. A lot of it is tds, Trump Derangement Syndrome. I’m certain of it, Absolutely certain of it.

It’s been a while since I’ve said this, but I’ll say it again. In my lifetime, there’s never been a better time to be an optimist. I believe that through and through. And while I’m at it, yeah. I think that the universe works in mysterious ways. I believe, as does God. I believe that. I believe that I’m here at this time for a reason.

[00:24:40]:
I don’t mean to say God told me anything. I’m not, I’m not taking it that far. But I’m just saying it feels like, you know, going through dot com, right, which was this, that’s going to be like a footnote compared to this bull market. This bull market is going to last for much longer, much longer than five years. But the innovation revolution and the economic boom time that comes with it is going to last. I mean we’re, this is a 20 year phenomenon, folks. Look, there’ll be ups and downs in the markets. Nothing goes straight up.

You know, trees don’t grow the sky overnight. We’ve seen that this week. Right. But shakeouts are just a normal, healthy function of every bull market. You get people too bullish and then you run into, you know, a wall like to shut down and have animal spirits impacted. Right. And you know, that’s when you get your shakeouts and this, that’s why we’re long term investors, number one. And we really encourage people to think long term and also to, if you’re going to use margin or leverage, do it responsibly because all it takes with a heavily margin account is like a 5 to 10% shakeout and it really hurts your portfolio.

Right. And I just, over my career I’ve just learned, I’ve tried every trading style, investing style there is. For me, it’s using our VR investing system, which we talk to you about all the time. Being properly diversified. That’s what our system does for us. Be a trend follower. So you’re on the right side of the market. All right.

[00:25:59]:
And then think long term. And because day trading is very difficult, I don’t have the, the mental makeup for it. Some do. Good for you. That’s not me. This is, by the way, for our new folks. This approach has helped us to beat the markets 18 to 21 years. And while we’re down some now because of the shakeout here, we’re down some from the third quarter highs up 41.8% through the third quarter.

But again we’re looking for a very strong finish to the year. Especially now with all the bears trapped. I think they’re trapped. I’m not saying the bottoms, the lows are in place. I’m not saying money’s going to be straight up. I don’t, I don’t know that. But I think we’re getting very close to what would be a significant bottom. And we’re only at the 50 day moving average.

It’s not like we’ve even been hit that hard. The reason it’s felt painful is that these momentum stocks have been hit. That’s why it feels painful. You know we’ve had bitcoin hit, right? So many momentum stocks and that’s. They’re the first to go. Always. They’re always the first to go. We saw a good comeback today in the semis.

[00:27:00]:
Semis were down at one point today. 3.3%. Finished down just four tenths of a percent. Again good. Smart money hour today. Dow Jones positive. Russ 2000 positive. SB 500 positive.

Only the NASDAQ was lower but again it was down almost 500 points. It closed down 49. Right. You know, I’m going to check something. I just got an email from a good friend of mine. No, it was the text. I’m sorry, don’t open this. I think you want me to because I think it’s.

Yeah, it’s Rich Ross. I just got the latest in front of me. I have not read this yet from Rich Ross. I’m going to tell you the basis of it here. Yeah, you’ll like this title. It ain’t over till it’s over. We’ll have this to all our our subscribers on Monday morning. While this was not the starts in November that I predicted, again, Rich Ross, he’s the quant if you will at evercourse.

[00:27:56]:
He’s very, very good. Well, this is not the start to remember. I predicted the SPF 100, NASDAQ 100 and semis SMH remain or Nvidia in our case remain in a very strong position to surge to new highs into year end with all three reversing up of office support at the 50 day moving average which has held every time since April. And mark the end marked the nadir of every minor 3% drawdown. It doesn’t sound like, like we’re, we’re mind melding with him. I read his stuff and I’m like dude, we just said that. We just wrote that up this morning. Are you taking Our work, Rich.

Again, I, I, whenever, when we agree with Rich Ross, we’re on the same page, my confidence level is sky high because we don’t have the exact same approach to looking at the markets, but they always seem to line up and get there together. Right. So anyway, I’ll show this is the money. He’s bullish. Nvidia say buy the dip on in crypto and Bitcoin. Specifically E3 likes as well. All right, I’d missed that before. What else to do? Momentum stocks are going to rally from here anyway.

That, that, that’s essentially what Rich Ross had to say. So thank you to my buddy Jeff for sending that to me. Good guy. And I’d be lost to that. I’m, I’d have to find another way to get Rich Ross’s stuff without my friend Jeff. By the way, it’s funny. I, you know, I write up Rich Ross so much that one day Charles Payne saw, saw my write up. He goes, who was this guy? Like, you got to reach out to him, man.

[00:29:21]:
He’s Rich Ross at Evercore, blah, blah, blah. And next thing you know, Rich Ross is on Charles’s show the next week again. He just does very good work. Oh, by the way, speaking to be on tv. I’ll be on, I’m going to be on next. I believe they said Wednesday or Thursday with Charles paid and making money. But tonight at what time is it? 7:45 Eastern. 7:45 Eastern.

I’m going to be on with Grant Stitchfield on Real America’s Voice. He had me on last week. I’ll be on again tonight. And really good guy. I, I, I, I, he’s funny. He kind of reminds me of Wayne in a lot of ways. He’s funny. But he’s their number one guy on real, Real America’s Voice and I look forward to being on with him tonight.

All right, one other point I’m going to make. Put call ratio, by the way, is high today. Yeah. Poot call ratio finished at a 0.98. It was above one pretty much all day today. That had not happened. We had not seen a high put call ratio. That’s one of the reasons the market hadn’t bottomed.

[00:30:20]:
We need more bears. Well, we were getting them, aren’t we? Right? We’re look on social media, look around you, by the way, look at your tv. Wayne. Wayne Allen root says to me today goes, you know what? I can’t watch the media. They are rooting for this market to fall. They want to hurt Trump. They all have TDS they know they can do it. And believe me, if they know it, Trump and Bessant know it and the whole financial team, they know what these guys are trying to do.

And one time after another, they’re trapping these bears. They’re trapping these bears and that causes your next big move higher. That. Cause we need more shorts so they can be squeezed. That’s called fuel for the fire. And it’s a big bonfire. We’re going here another point and you know, we, we put out a piece on Wednesday that the U S Dollar, which we’ve been bearish on all year, right. To do so we said it would have a major move lower as it did once Trump got in office.

And then we said that the, the dollar, you know, had then got extremely oversold and was due for rally and that would happen. We had about a month, month and a half rally in the dollar. Well, guess what, the dollar now is trading Back to the 200 day again. Now that now acts as resistance instead of support because it crashed through it. Right. So it’s going back up. That’s now resistance and also hit extreme overbought levels on our very system. So again we said that’s going to be it for the dollar.

[00:31:38]:
Dollar’s going lower and that’s what’s happened this week. If you noticed, gold is bottom. The miners this week had a phenomenal week. GDX today was up another two and a half percent. I, I don’t remember day to day, but I know this week GDX after the market got hit initially has had a strong move higher again. That’s going to continue this, this is a phenomenal buying opportunity for gold, silver and the miners. Okay. And that’s the other point about having a good, diverse, diversified portfolio.

You know, when you get this downside action, you know, not all your stuff gets hit. Right. Although I will tell you this was not a good week for us. We had momentum stocks that were crushed this week. I’m going to, I’m going to write that up for you on Monday because there’s some phenomenal opportunities in this group. Phenomenal opportunities in this group. They should not be trading where they were trading. But this is what happens, you know, the, these hot momentum stocks.

When you see a shakeout like this, they are just the first to go, but it also gives us our next great buying opportunity. Right. And there’s a couple that I’m thinking about in particular. We’ll cover on Monday. All right. I think that’s everything. Covered a lot of territory today. Thanks.

[00:32:44]:
For your patience. Yeah. Let’s get to the internal again. The Eternals today were good and they. The internals, okay. The Hindenburg, omen, Titanic, all that stuff. What they’re not telling you is the internals weren’t great at all time highs, but they never got bad on this decline. They never got worse.

We saw was 3 to 1 against decline. That’s the worst we saw. We never saw worse than like 74, 75% downside volume. Well today, listen, what happened. Advanced decline from both NASDAQ and osc. Both positive. And they’ve been. They’re positive all afternoon.

Wasn’t just the final hour when we had the big rally. They’re positive afternoon. Same with volume. Final volume count today was NYSE up 67% of volume. Nasdaq 55% up volume again. Again. Nasdaq was down 480 points at one point. So that’s a bit.

[00:33:37]:
Now we did have four times more decliners than advances for new 50 guys lows, but that’s again, that’s cumulative. So it’s, it’s, it, it really doesn’t make any sense to even focus on that. And now it’ll be more important next week and of course we’ll talk about that then. Where we’re at right now. So so far so good in our sector. Watch today. Quick refresh again, same thing here. We had a total of two sectors finished lower and they were barely lower.

So it was tech and communication services, basically the same thing, right? They were slightly lower, not even 1%, like 3/10 and 4, 10 of a percent. But we had one, what is that? Nine sectors finish higher, led by energy, utilities, real estate, materials, consumer staples, all up better than 1% of the day. And folks, again, rates are going to plummet. That’s the other thing you have to understand. The, the market is a discounting mechanism. It discounts up to. I’ve seen the market discount sometimes nine months now, you don’t really know until history, right? But I’ve seen the market anticipate things out nine months. The market’s smarter than all of us.

That’s why you can never tell the market what to do. You can, you just can’t. If you do, you’re an idiot and you’re gonna get burned. The investing gods, Lil G do not like that. They don’t like braggarts and they don’t like you making a particular guaranteed prediction. That’s why we follow the market. So we’re trend followers, right? But again, the, the internals are great today and that’s why we follow, you know, that’s why we follow the trend. Because this market clearly wants to go higher.

[00:35:14]:
That’s clearly what it’s been doing. And I believe that’s what will continue to happen though Tyler feels the same way about that commodity. Watch today again, the dollar, you know, dollar going lower is certainly bullish for this, this group. And it was again today a gold up 18 bucks at 40. Again just over 4000. Now this is going to be the support area, the new launch pad for the move to 5,000 for gold and then well beyond. Again, our target’s 15,000 there. Everybody bothers asking you about our target.

On bitcoin. Our urine target was 200,000 and that was our target by the way, from the beginning of the year. We’ve not wavered on that. Okay. I will tell you it’s going to be hard for bitcoin to rally from here, but we’ve seen it before. This is the best quarter for bitcoin. So while I’ll at this point be a surprised if we hit our target, we’re leaving it there because what a great story to make. We if you next year.

We know last year we nailed it. We said Bitcoin future1,000. I think it started like 30 or 40 or so, whatever it was. And if you remember it closed over a hundred thousand. It was a great. It was, it was a good call. So I’m not going to change it, you know, because bitcoin should be bought here and so should so should our new cryptocurrency which, which you’ll find out about if you’re not with us. Come join US if you’re insider.com again, fioreinsider.com and check it out.

[00:36:26]:
Silver today up half percent at 48.23. Copper today down one penny a pound at 495. Crude oil today up 6.10of a percent at 5981. And following the day, bitcoin. Where are you? Way too much going on my computer screens here. It was 103last I saw and I just changed my screen here. Here we go. Yeah.

1037. Good rally up two and a half percent. Last 24 hours again. This is technically speaking like that 98,000 area which is where it bounced up this week. That’s important. Technically, if it falls below that 98 range, it’s going to go lower probably. But it’s held that level now a couple times and I see no reason why it shouldn’t here. So anyway, that’s it, folks.

Hope you had a great day today, and I hope you have an even better weekend. And we’ll see. Back here again Monday after the close.