In today’s episode, Kip takes us through a whirlwind day in the markets, following yesterday’s explosive rally on the Dow and today’s pullback. Kip dives deep into why he believes we’ve officially moved out of a historic string of bear markets and are now entering what he calls the “golden age” for investors, a period that could rival the roaring late '90s and usher in massive wealth creation through the end of the decade. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Thursday afternoon everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today after yesterday’s really blast in NASDAQ. Excuse me. Dow Jones at 500 points, solid move higher yesterday kind of reversed that today. Dow Jones finished down 300 points today again. We’re just off all time highs now folks.

So that’s what’s happening. This market continues to broaden, rotate one sector after another one, one stock after another, one group after another hitting all time highs. That is the very definition of a textbook bear market. That’s what you should know. I think that’s more important than anything. And the fact that as we’ve been saying here, you know, we just, we just came out of a bear Market that was April 7th, right? Today, today’s July 24th. The bear market is over. A bull market follows and it will continue for many years to come.

[00:00:52]:
We believe. We thank you to at least 2030. We think this terrible stretch, we’ve had a four bear markets in seven years, has run its course, is unprecedented, never happened before and that now we are in the golden age of as Trump calls it, we are going to finish up this decade as the roaring 2020s and the innovation revolution. So folks, this is, this is where we are. This is 1995 to 2000. This is it. This is the probably the beginning of it. So you know to, to those that are calling tops and to those that are saying that our debt’s going to crush us and to those that say only suckers are buying at all time highs.

Hey, good luck to you man. That’s, that’s all I got to say is good luck to you because this is when an extraordinary amount of wealth creation is going to be really already has started. Of course, look at our returns. Look at some of, we just put out another update today and I mean we’ve got you know, 200, 170 gains. You know Tesla, as bad as this has been, even after today we’re still up 74 Tesla. But the key being these stocks are just getting going. And the lesson, I think we shared this with you before those one of the lessons I learned from the dot com melt up was don’t sell your winners. You know, if you have a winner, you have a leader.

Don’t sell the leaders. Don’t sell your winners. There’ll be times stocks get just out of control and we’ll have gains of 4, 5, 600%. You know what? I never have A problem selling, what we do typically is sell half at 100 gains. At least with our options program, Parabolic Options, we sell half at 100% gains. That way we’ve got our principal out of the, out of the investment. That’s really important in options because as you know, options move very quickly. Not, not really the approach with equities.

[00:02:35]:
But there will come a time when we get ridiculous gains. But again, I have never, ever have a problem with someone selling half of your position. Once you get to understand gains, that’s just smart money, then you can’t lose. It’s impossible to lose money at that point in that investment. And you might limit your gains. And that is that, that smart money investing where I come from. So, you know, the important thing here is to have your own investing style and approach and to work to do what works for you. Because we’ve all got different risk reward parameters and different things.

If you’re trying to be another investor, you’re not going to succeed. You’re just not going to succeed. You know, and I would, I would, I would avoid those people that are bragging all the time about the money they’re making. Really. Let me, let me, let me see where you live. Show me your home. Show me your homes. Right? Show me your homes.

Let me see, let me see a screenshot of your bank account and your investment account. Maybe do that even then. I’m not sure with AI that you can, that you can, you know, that you can believe it. But the point being, you know, those, those that are really good at what they do, they might list their returns. We do, we go back forever and list our returns. But I think there’s a difference between listing your return so people can know what’s what and, and bragging about it, which there are some certain people that do that, by the way. Speaking of smarmy people, did you see this guy yesterday? Tyler? I was talking about this guy on, he’s on Bloomberg. I think Bloomberg’s got him under contract.

[00:03:56]:
He’s the Tesla hater. And I, I tend to block out people’s names. I don’t, I don’t care to. What is this guy’s name? Oh, it’s driving me crazy. I can’t remember his name, but yeah, you probably know what I’m talking about. He’s always a Tesla hater. He says he’s a shareholder, but he really hates Tesla and Musk. I have to say he’s actually very confident these days because Tesla is down from the highs of 470A share in December of 2024.

Yes, it is. But if you looked, I was on Charles Payne show yesterday. Charles put up a list of the billion dollar companies that Tesla owns, right? The list of them. Sixteen different companies that are worth well, many, many different billions individually. Right. And yeah, Tesla may not be in there hitting the stride yet. And if you heard Tesla’s earnings call yesterday, which I’d put the podcast out, you know, before the earnings call took place. But as I wrote this morning, he sounded, he sounded a little, Elon, sounded a little distant to me.

It sounded almost like his, his optimism which is ever present, seems a little forced yesterday. And I think, you know, look, he, this is a different guy than probably any of us know. There’s, there’s very few if any, anybody like Elon Musk. But it seems to me that he’s now having to kind of take a back seat to where he was which is helping to run the country, hobnobbing with the President and his family and world leaders everywhere as one of the run of the real insiders. Also now all of a sudden just being forced into, back into being the most successful entrepreneur of all time. Right. Just running a few, he’s just running a trillion dollar company, not to mention SpaceX and the others and Boring and his other companies that he has. So I think it’s, it’s been a little bit of a waking call for him.

[00:05:51]:
But I also don’t think that you can call the president a pedophile, which is essentially what he did. I don’t think you can call the president a pedophile. Someone that took you in, made you a family friend, praised you to, to the world and then after you’re out of his under, under working for him for what, what was it, a week or two or three? It was short. Right now, now saying that he’s, he’s got, he’s got ties to Jeffrey Epstein, I, I don’t think that’s called normal. And so I think that what goes on in the mind of Elon Musk must be something that is probably a little scary to comprehend for a lot of us. I also don’t think he’s got many people that he would, that he would call a true friend. It’s hard to be true friends with a guy like Elon Musk when he might outs you as a pedophile when nothing further, nothing could be further from the truth. And I certainly don’t believe that for one second about Donald Trump.

So yeah, I think, I think must is going to figure out autonomy, autonomous driving. I think he’s going to figure out robotics. Matter of fact, I have no doubts he’s going to. And as we tell our folks here, you know, we continue to be long and strong Tesla. We every dip that we have, including this one, is a buying opportunity. Charlie’s fine. It’s actually got a very attractive looking triangle pattern right now. I like to see that lower trend line hole which is essentially where it is now.

But Mustard say he’s going to get ready for a few rough quarters and you know, whether he’s, he’s, he’s playing us again, he’s, he’s a different cat, you know, he works on different levels than we do. This may be part of just a game for him, but I wouldn’t be surprised if, if the next couple of quarters were difficult for Tesla. But it still doesn’t change our view. Every, every share that you buy in the 300 range even, it drops back in the 200s. Every share you buy now you’ll be very, very thankful that you did that in five years. I don’t think there’s any other way to look at Tesla than a five year rising from here. That’s that, that’s how you sleep well at night and that, that’s how you make a lot, I think a lot of money in your investments. But again, a bit of a mixed day today.

[00:07:48]:
Again, Dow Jones down 316. That’s 710 of a percent. Russ 2000 they gave back 1.4%. Rates up again today a bit. We want to see rates come down. They should be much lower without a doubt. Or a 10 year back to 4.40% now. Still a lot lower than it was.

But, but Rach, 10 years should be in the, in the three of the three handle now. And if it weren’t for one J pal would be, I guess as I speak right now, President Trump must be touring the Federal Reserve. Looking forward to those comments. Nasdaq today did finish higher by 37 points or 2/10 of a percent. And S P 500 up 7 10. Excuse me, up 4 points or what is that? That’s, that’s, that’s not even, that’s, that’s not even, that’s not even 1/10 of 1%. Right. So kind of a quiet day.

But again, fireworks yesterday. Let’s look under the hood today. One, one thing I want to mention, this market as I said, is broadening. This market is continuing to rotate. This is what, this is what new bull markets do. It’s what Textbook bull markets do and it is a stock pickers bull market. Look at what’s happening right now in, in with, with, with, with cryptocurrencies. Bitcoin may have backed off its all time highs but look at stocks like you know that we own stock like Galaxy Digital.

[00:08:58]:
Look, look at the move this thing has been on again back to nuclear. Look at what a company we own by the name of Civil smr, New Scale Power Corp. Look at what this Stock is doing 51 right now, right? This stock is up. What is this? A couple hundred percent from in this year. Nuclear. Specifically small modular nuclear reactors. What they provide. This is a, this is a bull market that is broadening and uh, again uh, find your winners, find the leaders, build, buy them and hold them.

That’s probably the best advice I can give you if looking for it. I’ve had a comp to the dot com bull markets. Funny today because people’s memories are shorter. They just didn’t live through it I guess when I mentioned this happens all the time when I mentioned the dot com melt up, they’re like oh yeah, that was brutal, right? Everyone’s reaction is oh that sucked. Huh? Like I’m sorry, what are you talking about? It was, it was five years of amazement. And then people remember that you know, NASDAQ then had a 75% bear market, which it did of course right at two year bear market. 72 to three year beer mark, 75%. That’s what people remember.

They don’t remember the fact that the Nasdaq was up 575% you know, over that five year period. I just find that very, very interesting that people remember the most negative parts of something that was so extraordinarily amazing. I don’t understand it but I think it’s primarily that people didn’t live through it, you know and it was, it was, it was, it was a magical time to be in the business. I promise you that this is going to be bigger, could be longer lasting, going to be stronger bull market than that. That’s been our take now for three years. Why would we change our opinion now? Let’s take a look under the hood today. Good, good, not good internals today. Yesterday was pretty solid though.

[00:10:42]:
Today I’ll make it easy for us. 2 to 1 negatives on advanced decline, both for NASDAQ. NYSE volumes today was 66% down volume for NYC, 64% up volume for NASDAQ. We also had today 335 stocks in new 52 Kai just 76 hitting a new 52 week low sector watch also not good today. We had 8 sectors lower, 3 finish higher. Not a lot of the way. Consumer discretionary was up big Yesterday today down 1.2%. Energy today our leader up 710 of 1%.

Not much happening elsewhere frankly in our commodity watch today. All all having a little bit of a pullback here. Gold down 3372 an ounce. It’s down 710 of 1%. Silver really looks ready to go. It does look ready to have a major breakout here right now. 39.27 an ounce. That’s down half percent today.

Copper coming off just off all time highs last week. Now 582 a pound. Actually higher by 1/10 of 1% today. I think we had a. Our first. We’re about to have. I think we have not yet broken $6 a pound if memory serves. But we did get very close to it.

[00:11:50]:
597 I believe was the high crude oil today back up 1.2%. $66 a barrel. Seems like it’s just been flatlining in this mid 60 range for some time. And found the day Bitcoin again. Consolidating, getting ready to approach. I think the. I think this move takes us to 130, 140. Not that far now are we right now, last trade.

119,100 down. Excuse me. Up 8 cents of 1% over the last 24 hours. All right folks, that’s it for the day. Hope you had a great day and even better night. We’ll see you back here again tomorrow after the close.