In today's episode, Kip breaks down the latest round of all-time highs in our major indexes and why we are still in the early innings of this bull market. Kip also covers the ongoing Bitcoin rally as it inches closer to that crucial $100K milestone and discusses what it could mean for future growth. Lastly, Kip explores the reasons why this is such an exciting time to be in the market. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Wednesday afternoon, everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a great day today. Got some interesting things to talk about today, don’t we? All time highs across the bus, not across the board. All time highs. And our major indexes, SVF Hundred, Dow Jones, NASDAQ, NASDAQ 100. A lot of sectors.

This is a bull market that is just getting started. I know that might sound a little crazy for some people because it’s gone up so much and so so far, so far and so. But that is the case. Talk about that a little bit today. Got sec, got a new chairman today. Trump appointed Paul Atkins to be SEC head. Why does that matter? Because he’s a big cryptocurrency advocate. Bitcoin today rallied back up to as high as 99,200.

Right now at 98,200. But gearing up, gearing up to finally surpass 100,000. We’ll talk about that more in a moment. But if you listen to our podcast at all, you know our views. This little battle. 100,000 is a big number. But once 100,000 becomes the new base, I think 150,000 happens really quick. Like really quick.

It’s a big number. It’s a meaningful number to the public, to the people who have yet to buy in, they’re going to go, okay, the trains left the station. This thing is real. 100,000 is important. I’ve seen people saying it’s not an important number. They are wrong. 100,000 is a very important number. And I hope it takes a long time to get through it.

[00:01:30]:
The longer it takes for bitcoin to get through a hundred thousand and importantly for 100,000 become the new support level, the new base. The faster it will then move, the more power it will have. You won’t have buyers that are running out of energy and running out of buying power. So, yeah, good news though for the sec. And my goodness, is this ever a government agency that is due for reform. The SEC is really a laughing stock and I think that Paul Atkins is gonna, gonna change that pretty quickly. What else today? If you heard Tyler’s podcast yesterday, he just, he just knows so many important areas. There’s some strange things happening in this market right now that honestly just make us that much more bullish.

He just told me the fear & greed Index, Tyler just told me just fell to a 57. It’s down five points today. Even as we’re at all time highs and the markets launching on the launch pad, lifting off. Why is the Fear and Greed index falling? Because people are buying puts. Heavy buy of puts is taking place, specifically equity puts and some other things obviously. But that, that should not be going down, that should be going up. And that’s bullish, the contrarian. That’s what you want to see.

[00:02:52]:
We see the same thing as Tyler covered yesterday in his podcast with the AAII Investor sentiment survey, which, for the first time since April this week, excuse me, last week had more bears than bulls. Explain that one now. Again, that survey can be a little goofy because, you know, it’s a weekly survey. People have to go online and vote. I voted it since 1988. I don’t remember to vote every week, but I vote bullish every time. So I think it just stays that way. But again, we should not have more bears than bulls in that sentiment survey.

And Fear and Greed index should not be at 57. It should be probably at 77. But the fact that they’re not there, that just that may again, that makes us that much more bullish. We are reaching overbought levels. These are on our shorter term momentum oscillators, but it is starting to spread. Look, if the market, in the last two days of this week, if the market does what it did today, we’ll be there. We’ll probably be knocking on the door. Extreme overbought on steroids, our most overbought designation.

That is when bad things happen. That is when we, even if we’re not taking profits at that point, we are pausing our buying. We’re using discipline. So yeah, we’re getting a little close to that. But December is a great month. I mean, we’re in the best three months of the year. There’s still, you know, $7 trillion in cash in money market accounts, which is insane. And we’ve got a new president and it kind of matters.

[00:04:22]:
Trump is back and yeah, it really matters. This is the theme, as you know, we’ve been hitting on for a long time. We predicted Trump would win. It really wasn’t that hard a prediction. But we did make the call and we told you we’d enter a. This was in late October. We told you the markets would melt up front running a Trump win and then continue. And that’s exactly what’s happened.

November was a great month. Obviously we’re off to a phenomenal start in December. And Santa, Santa Claus rally. I, I said this the other day and I kind of wrote, I wrote this up in a very letter. If we’re Going to have a top that matters. You know, one where we might have a 5% sell off or something. Right. How perfect would it be if that overbought.

We got to extreme overbought levels. And, and, and you know, one of our important market timing indicators is a percent of SV hundred above the 50 and 200 day. If those reach levels where we say it’s time to take profits, we will, we will take profits. That’s just our discipline. And if, look, if we don’t catch the top, who cares? We just killed it. Right? But how perfect would it be if all of our VRA system indicators hit extreme overbought on steroid levels? Right. When it says you have to, you have to take money off the table. How perfect would it be if that were to happen around the inauguration of Trump on January 20th? I think it’s a perfect setup.

[00:05:51]:
And look, we got a lot of time between now and then, so I’m not trying to put the cart before the horse, but, you know, we do like to get our game plan together because the macro is everything. And let’s just as long let’s stay focused on the macro, right, Kip? Let’s stay focused or early December. Let’s stay focused on making money from the long side. And that’s what we’re doing here. So we are again, Tyler covered this yesterday with everything Trump’s doing, and now with Doge Musk and Vivek and what they’re going to be doing, productivity and cost cutting. When you combine that with what Trump 2.0 is, you get the add the Trump doctrine, which is something we’ve been talking about, which is essentially animal spirits giving people the power again, getting the government’s boot off our throat. So instead of being our enemy and being in our way with all of these regulatory restrictions that are ridiculous, just get rid of those. There’s no need for those.

We know where the lines are. And if not, then we’ll learn pretty quick because our business will start to implode because we’re not doing running a clean business. Right? Get rid of all that excess regulation. That’s what’s going to happen. That’s what the markets are telling us now. And that’s this animal spirit theme. I don’t know that there is a more important theme. There’s probably two of the most important themes are animal spirits are returning.

Kip Herriage [00:07:13]:
If you’re a business person, this is your opportunity to crush it. This is it. This is what you’ve been praying for. And we haven’t had this kind of a setup in at least two decades. A lot of people don’t know what this is like. They’re not prepared for it. They don’t know what to expect. I do, and I’m telling you what’s coming.

[00:07:35]:
This is why, again, we’ve been pounding the table on the markets because we know what’s coming. Especially now that Trump doesn’t worry about getting reelected. He’s going to go balls the wall, get done what he wants to get done, which is basically allow every American to have as much success as they choose to have based on their work ethic and based on the fact that the government should not be a hindrance, it should be out of our way. That’s what’s coming. We combine that with, again, the innovation revolution. What a, what a magical time we’re entering here. I’ve never been this bullish in my career for us to have Trump back for the Cabinet post. He’s already like this SEC chair for the Treasury Secretary, but well received, making great cabinet selections.

They won’t all be perfect, but so far they’ve been rock solid, really, really good. And then for Trump to inherit this, really the innovation revolution. Now, he started all this with the Trump economic miracle in 2016, right? Tax cuts, deregulation, China, tariffs, and other countries, you know, Canada, Mexico, tariffs. I mean, these countries better wise up pretty quick because Trump is going to, he can bury them, and I think that they know that. But all of this happening now with the innovation revolution, we’re going to have a period of at least two decades where technological change is going to blow our minds. We happen to own one of those companies, which is a microcosm of the entire innovation revolution in Tesla, which again, which we’ve been patting on the table in that now for a long time. And stocks really come to life, hasn’t it, this move, by the way? It’s like bitcoin just getting started. Know that.

[00:09:15]:
And we got room to run even before we hit extreme. We’re bought there. So it’s a great combination. We’ve got the roaring 2000 and twenties already in place. The markets are discounting, not just Trump and Animal Spirits and all that, but the markets are beginning to discount 5% GDP. Trust me on this. The markets are discounting 5% GDP growth, which we will have in the first six months of Trump’s presidency. It’s already starting now.

So I actually don’t know if that’s a bold statement. I’m not hearing people make that statement or make that forecast and prediction, but we are, because that’s where we’re headed. And rates are going to keep going down again. It is a, there’s never been a better setup to be bullish in America. This is it. And we’re gonna have a bull market that’s going to be generational, multi, generational. I’m trying to make sure people understand this is not hyperbole. This is.

I’ve done this a long time, okay? I’ve gone on 40 years, I’ve done this and I feel like everything that’s happened in my career has prepared me for this bull market. I really feel that way. Things are happening as I expect them to. Our read on these markets has been excellent as, as. He’s not bragging, it’s just the case. So look, this is, this is just, just understand this is way too early to take profits. It’s way too early to think about being bearish. That January 20th inauguration date though kind of sticks to mind is a great opportunity to take some profits.

[00:10:48]:
If you’re born a short term investor, maybe, maybe buy some puts and wait maybe two, three, four weeks, have a good shakeout and then plow right back in again. Because that’s what we intend to be doing with this market. And that’s the great thing about having the fury system is it removes all the guesswork it is right in front of us. Right? The technical analysis or fundamental analysis all combined together, sector analysis tells us exactly where to be. And I’ll just tell you, our very letter members saw it this morning for the, from the, from the bear market lows, we have total gains, this total net gains of 2,000 last night of 2,560%. Folks, that’s in just over two years. That’s an average gain proposition. The portfolio gain is 94.8%.

And like we told you, we’re locked in. We think everyone should stay locked in. This is that bull market, that, this is that economy that produces wealth. Just stunning levels of wealth creation here. And as I’ve said for a long time, we are due, are we not? After the last two decades we’ve been through, after the insanity we’ve had to go through, this communist takeover attempt for our country and with the shadow, the deep state and the shadow government doing everything possible. This is wrong. Right from 911 on, I think we’re owed this and I feel that’s what’s happening, I really do in some kind of mystical universal way. I think that’s what’s coming.

[00:12:28]:
So we’re going to stay locked in. We know you are too. And make sure we keep our mistakes small and then let our profits run and make sure we’re in the right investments and the right sectors. And then hey, you know what? We together to have a real big party in a decade or so to celebrate this. And also we’ve got Law Soldier Oil and Gas which is reporting great news this week. So it’s to tell you it’s a fun time for Tyler and I and for Josh Foley, for our team. We’re having a lot of fun here. We’re working harder than ever.

But you know, when you love what you do, it’s not work. And we’re just very, we’re very excited and enthusiastic about the future as you could probably tell from what I’m saying here. Okay, let’s take a look under first of all the markets that are getting all time highs. Dow Jones up 3008. That’s a 7/10 of 1%. SB100 up 6 10. Russ 2000 at 4 10. Small caps are an opportunity here again.

Everything is getting overbought. I’m not saying it’s the time to plow a lot of money into them, but we really hope to have some kind of a shakeout so we can put more money in small caps. A great time. I think 2025 is going to be a monster year for small caps. Monster year. NASDAQ today was our winner, up 1.3%. By the way, this is a textbook bull market day. What do I mean by that? You long term listeners will know exactly what you mean by that.

[00:13:52]:
We had the SPF, excuse me. The semiconductors were up 1.5% today and the Nasdaq up 1.3% today. Semis lead Nasdaq. Nasdaq leads the rest of the market. Today was a textbook bull market day. We’ve had runs where we see this commonly, right? That’s not really been the case here. The semis have been in the toilet and that’s why they’re such a great buy now. Because you can’t have the innovation revolution without the semiconductors leading the way.

They had their shakeout. Remember Semiconductors had a 28% three week bear market from mid July into the first week of August. Absolutely brutal. I didn’t see it coming. Now they had hit extreme robot on steroids. We had polished our buying. We’d actually taken some props along the way. I didn’t see that coming though.

And so they still haven’t recovered from that. But they will. I think December is going to be a hell of A year for this, for the semis here and we are aggressively on this group. Let’s take a look at the hood today. Again, weird kind of weird action. Internals were good but not great. NASDAQ advanced decline positive by just 600 issues. Now volume for Nasdaq was what is this? Almost three to one positive.

That’s outstanding. And we also had 327 stocks, 108 hitting a new 52 week low for Nasdaq. NYSE also again slight positive for advanced decline Again with the market up this big, you like to see a little better. Volume also slightly positive in YC but they did have 70 more, 80 more stocks hitting a new 52 high than a 52 week low. So again, good day. Tyler explained this a minute ago. How do you make sense of this? Tyler said it’s the rotation. The rotations come back into the max 7 into the largest companies because again those had not been leading.

[00:15:46]:
Right. The market had been broadening. The rotation had been in all these other sectors and now they’re leaking which means their internals, the internals are weak. Ish because of that. And you have the Mag 7 that are leading you way higher. And that is it. We had all time highs in several Max 7 stocks today. Tesla today also up a big.

What Was this? Tesla five points today up 1.5%. So again it’s this rotational theme that has been so extraordinarily bullish for the market. This is what prevents us from having these big shakeouts and these painful drawdowns. But this rotational theme is hyper bullish for the markets. Just know that it is extraordinarily bullish for us. We want to see that continue in our sector watch today. This is better. Quick refresh.

Not a lot better. No, it wasn’t better at all. My bad. We had five sectors finished higher, six finish lower. Led to the downside by energy which is down a big two and a half percent today. And to the upside. Technology again led up 1.8%. Consumer discretionary up 1.2%.

[00:17:00]:
But again that odd day because of the rotation that’s happening and that is how you make sense of it. Thank you for that, Tyler. In our commodity watch today, kind of a quiet day. Gold today, up six and a half bucks an ounce at 26.74. These are buys. Silver 34 cents an ounce at 31.83. Copper flat on the day at 419 a pound. Crude oil again getting hit today.

6869 a barrel, down a buck and a quarter a barrel. And finally Today, Bitcoin just told you a minute ago, Paul Atkins, new SEC chairman. That’s what gave life to bitcoin earlier today. It’s now back just right at 98,000. What does that put it up? About 1.9% on the day to day. Again, not to be too repetitive, 6 figures. 6 figures is big. 100k is big.

Once it becomes support and we may bounce around. I actually kind of thought it was going to take longer for the energy to build because the shorts are hitting this. They think they can hit this until the buyers really show up. They should not be bold because there are just too many buyers coming. I mean, how wonderful would it be? And couldn’t you see Trump doing this? If Trump were to announce out of the blue that he has decided that we should be backing the US Dollar with a basket led by gold and bitcoin with other securities as well there in our lifetime, we would never have to worry about another conversation of the, of the US Dollar losing its place as the world’s reserve currency. A simple. And that it wouldn’t have to be a big amount. I’m not talking about complete backing.

Kip Herriage [00:18:42]:
Partial, very partial. If something like that happened, what would gold do? What would bitcoin do? Right. So, and I think it makes perfect sense. It seemed like kind of move that Trump would make. I know that’d be a look that would be a massive, massively good win. The United States for the US Dollar and of course for bitcoin and gold. I think something like that may happen. That’s just a hunch I have.

But I know this. We’re aggressively long both. We will continue to buy both on pullbacks, you know, when they reach these overbought levels. All right, folks, that’s it for today. I always appreciate you listening. Hope you had a great day. To be a better night. We’ll see you back here again tomorrow after the close.