In today's VRA Investing podcast, Kip breaks down the recent market volatility and the VRA Strategy for capitalizing on buying opportunities. He also explores the intricate dynamics of what the market impact would be for a Trump Vs. Harris presidency. Lastly he touches on the importance of ignoring the psyop of negativity and staying optimistic. 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 great day today. Hope your week is good as well. What a crazy week in the market we’ve had, huh? Believe it or not, the markets finished almost exactly at where they were as of last Friday. In other words, it’s like Monday, the crash on Monday. And it was pretty much, it felt like a crash, didn’t it? It’s like it didn’t happen.

Got a lot to add to that today. We’re going to be taking some additional action we did this week. We recommended dollar cost averaging into a number of our positions, specifically in semis and tech and some other focus names. We’re going to be adding a new position, maybe two new positions on Monday morning in our portfolio. And because this class is a classic oversold buying opportunity in what is going to be a generational bull market. That’s our view. And we’ve made that call pretty boldly. I’m going to talk about that today and talk about, again before I forget, this is kind of crazy just to tell you how people hate this market and they really do.

In other words, at the first sign of trouble, they abandon their positions and they flow into money market accounts, right? They want flow into safety. That happened this week. Money markets. This week. After the Monday crashed, money markets hit an all time high. Deposits screamed higher parabolic chart on steroids to $6.2 trillion. The reason that’s significant is this is not what happens at the end of a bull market. At the end of a bull market when you have a correction or you have a shakeout like we’ve just had.

[00:01:46]:
What happens instead is people don’t believe, they don’t believe the market’s going to go lower, right? They believe that the markets are going to bounce back. So they don’t get out of positions, they don’t flood into money market accounts. This is not the characteristic whatsoever of a top in a bull market. And these charts we’re looking at, again, if you’re with us, we’ve been sharing this with you all week. The most important charts of this market continue to be technology, namely semiconductors. Number one. Again, everything follows the semis. We saw that happen, didn’t we? We just saw this happen.

In three weeks, the semis fell 24% from all time highs to bear market in three weeks. Now we did not sell at the top because it’s not a top, it was a temporary top. Instead we added two positions because these are going to go so much higher. The semis will continue to lead the way higher. Remember, we have on, I believe it’s August 28. That’s right, August 28, Nvidia reports earnings. We have a lot of catalysts that will be front run in our view, and our very strong view will be front run by the smart money. As we’ve reported to you now for a couple of years, the front running of the markets is happening at a level that I’ve never seen it before.

So if you can identify a major event, and if you be on the right side of that event, if you start acting a couple, three weeks in advance of that event, this is when you really pad your portfolio. As we have some big events coming up that we believe the smart money is going to front run. I think it’s already happening, by the way. I think we see that, don’t we? Another good smart money hour today. But we see it in the. Oh, I’m sorry, the front running events. We get the Fed presser coming up from Jackson Hole on August 22. Jay Powell is going to be extremely dovish in that presser.

[00:03:41]:
I have no doubt about that, because now they’ve been warned, they’ve had a shot across the bow. Yes, the economy is strong, no question about it, but it’s weakening. And the key point being this, the Fed funds rate is an effective 5.33%. That’s where it is. The ten year note is at 3.94%. So we’re basically a percent and a half below based on the ten year yield, which is the most important compared to Fed funds rate. We’re essentially at a percent and a half below where the Fed funds rate is on the ten year yield. That means the Fed is extremely restrictive.

Way too restrictive. And as a reminder, there’s something else the markets might be front running. How about the election? We’re three months out. If we had seen this market continue to go lower after Monday is a classic Monday morning meltdown. Best buying opportunities in my career have come on a Monday following a week Friday. We saw, we wrote exactly that way and that’s what we’ve seen this week. However, if we continued moving lower and taking out Monday’s lows, I would not be saying what I’m saying here today. I would have a much different vibe about and probably more concerned about.

Okay, this is going to be a more painful correction. Not that 24% sell off in the semis wasn’t painful, because it was. But again, this is when you get your best buying opportunities. And that’s what this is. These chart setups are extraordinarily bullish. We’re talking about the semiconductors, Nasdaq 100, Nasdaq small caps, all four of those hit exactly hit the 200 day moving average. It might have sliced slightly below it, but again, hit the 200 day, bounced off it, while also hitting extreme oversold levels on all of our VRA momentum oscillators. So this is as textbook a buying opportunity as you’re going to see based on our work.

[00:05:33]:
Now, if you think, well, kid, you know, what if you’re wrong? What if this is just a, what if this is just a bear trap, you know, and the market’s going to lower? Well, maybe put some stops in if that’s the way you want to set up. We don’t think that’s the case. I’ll talk more of that in a moment, because again, this, we see, this is a generational bull market, which we have now for close to two years. But there’s also, you can also make a strong case. We may be doing this next week as well. As we talked about last week, last Thursday about adding some insurance, I have no problem. We all own insurance, right? We don’t want to have to pay for it, don’t want to have to have it. But in our most valuable investments, it is a necessity in our homes, in our cars, etcetera.

Well, I don’t know about you, but I tend to have more money in the stock market than I do in my home. So if you’ve done this, you know, I’m 62, so, you know, I’ve had a little bit of time to build a portfolio. So I definitely want to have some insurance in my portfolio in case something bad happens. What would something bad be? How about another attempt to take out our former president and hopefully future president again? How bad would this country, how bad would the reaction be in this country had they been successful? So we have to prepare for something like that and just, just pray that we’re wrong and that we pray we never need that insurance. But we’ve identified a couple of different plays we’re looking at. By the way, when I first wrote it up last Thursday and talked about we were going to do it immediately, the market started going down, volatility started soaring. Of course, after Mondays moved lower, the exact volatility instrument, which is UvXy, which is the proshares ultra ViX futures ETF. So it moves in the same direction as the VIX, the volatility index, but it does it on steroids.

[00:07:24]:
That exact investment that I wrote it up at $25 a share, went to 60. What was the high on this? Went to, yeah, 60, almost dollar 66 a share on Monday. So that would have been a great play. But it’s back to 30 now. That’s the point. So it’s only $5 a share more expensive than it was on last Thursday when I first wrote it up. So I think that’s a smart money play. Really do.

And the way we’re looking at this is look like all insurance, we’re going to likely gonna lose money on this. It’s gonna be money spent that we never needed to spend. Right. No one wants to do that. However, we would have just made a about 100 and 6170 percent in a two and a half day period. Where would the VIX go if something like horrible was to happen? I think, I think we, I think we see the VIX hit 100 because I think we’d be talking about civil war in this country. I think. I think it is.

What percentage, what percentage would I assign to this? I hate to even say it, because it’s like I’m putting it to universe, you know what I mean? But I was, I would put 15% probability that something like that would happen only because this country and the left has gone so crazy and the media is only fueled the Trump hatred and the Trump Derangement syndrome. A lot of crazy people out there. And of course, we know what the Secret Service did this last time. My God. I mean, this. There’s no way this was just done in a vacuum. Right? And, you know, that’s the tell because the trail’s gone silent. I tweeted this the other day.

[00:09:07]:
This reminds me very much of the Las Vegas massacre, which is something that I looked into very carefully, because we picked this up on our VRA system. I wrote this up at the time. Matter of fact, I got picked up on zero hedge, gateway, pundit picked up my article. I wrote three different pieces about this beginning about three weeks before the Las Vegas massacre. And we do sector analysis, right? Gun stocks, ammo stocks, specifically ammo stocks. But, you know, a lot of these companies manufacture both started going up rapidly. But it wasn’t just that they started going up the options markets. The trading volumes went off the charts, like, from.

Not a lot of people buy option, buy call options in ammo manufacturers. Well, they did through starting three weeks before the Las Vegas massacre. They sure as hell did. And again, I wrote it up the time. I may go back and pull that piece again and share it this week, but point being it was something very weird. Now, why would someone who was on the inside of this and knew what was gonna happen, why would they? This probably some of you wondering, kip, why would people buy ammo stocks and tens of thousands of call options, which is what happened in crazy call volume and these ammo stocks, a reminder or very similar, if you will, to what happened on the Friday before 911 when put options were purchased at the Wazoo on airline companies. Right. That was a well known story at the time, and that’s the parallel that I made.

[00:10:44]:
So why would someone do that? What would the thinking be? Well, here’s the thinking. The Las Vegas massacre was likely supposed to be much worse than it was at the time. We saw, within a couple weeks, we saw a number of pieces and information. It’s all gone silent now about what that attack could have been. If that would have happened, there would have been a call to arms in this country to dramatically weaken the second amendment. What would that do? People would flood to their stores and buy as much ammo and guns as they could. But again, so that stood out. That’s the same kind of feel that I think we have here with this.

I think that there’ll be a move in the volatility index. It would probably begin in advance of something happening. So it’s something to keep an eye on. But again, we would buy this only as insurance. So sorry to spend so much time on it, but it’s not something we normally do. But I think it’s a smart money play here as a hedge. And it doesn’t mean we’re going to sell any positions. We’re not going to take any other action.

But we are going to add some insurance likely on Monday for a worst case scenario. So let’s move on to something more positive. Let’s talk about the markets first. Got some other things to cover. By the way, you talk about fear, the fear green index is still at a 24. We’ve had this massive rally this week off of Monday’s lows. Yesterday, of course, it was a monster day higher, but the fear in green index is still at 24. That’s extreme fear.

[00:12:16]:
We saw the same thing in the AI investor sentiment survey skyrocketed this week. And again, as I said a minute ago, the money market flows to an all time high. So yeah, there’s a lot of fear in this market, but that’s what sets up these great buying opportunities that we’ve been talking about. Anyway, here’s what the markets did today. Dow Jones Today, again, we had a good. Smart money hour today. Kind of a quiet day, but we did finish towards the highs of the day. Dow Jones finishing up a 51 points.

SF 100 finished at 24 points. That’s a five. I bet a half percent. Nasdaq today was our leader up 0.51%, up 85 points. The semis today were flat. But remember yesterday the semis were up more than 6%. So they’re now, they’re now getting back to being a leader on the upside. We like this group very much.

I think semis are phenomenal. Buy here again, smart money front running into Nvidia is going to be, is going to be starting soon. And when video leads, the semis follow. Okay. It’s a very, very close connection there between those two. So I think that’s a great play. Over the next two, three weeks, into the J Pal Jackson hole presser and into Nvidia earnings and into, of course, rate hikes, rate cuts, excuse me, which will be starting next month, which is now five weeks away from the next Fed meeting, where they will be cutting rates likely. Bye.

If the market keeps going up, maybe they’ll stick to a quarter of a point. But with the ten year collapsing the way it is in the yield, I do expect them to cut by a half of a percent. So we’ll see. But either way, they are into a rate cutting cycle, and that means flooding liquidity into the markets. All right, so let’s talk about, I wrote this up this morning, and I think this seemed to resonate with a lot of people. We had a lot of feedback on this. Got a couple of questions from folks this week, and I wrote that up in my answers today. I want to cover this with you briefly because I think these are very important topics.

[00:14:24]:
And what makes me think they’re even more important is that nobody is talking about them. Tyler and I just had our pre podcast meeting, and this is the way we look at things when we feel strongly about something. And these are topics that we’ve covered now for a while, but one is actually semi new. What happens if Kamala Harris wins in November? But we’ve addressed it in the past, if Biden were to win. But when we have topics that we feel strongly about and that we think we see clearly, but yet very few people talking about it, it makes us even more interested because it makes us think that we’re in the deep minority, which means we are in a true contrarian play. And I think these two questions address that. So let’s talk about these first. We get a question from a law term, a friend and a subscriber client of ours, Bob C.

Who asked what happens to our prediction of a years long bull market if Harris wins in November? So here are my answers. First of all, the basics. History tells us, it’s very clear on this, that markets actually do better under Democrat presidents than republican presidents. I think that surprises a lot of people. I know. I remember the first time I researched this. I couldn’t even believe what I found. But it is true.

Markets do better by about three percentage points a year, back about 70 years on the SB 500. That’s number one. Number two, if Harris wins, it’s unlikely the Democrats would take both the House and the Senate. Matter of fact, I think they’d probably lose both. I don’t think she’s going to win, by the way. I think it’s going to be Trump. This is a horrible ticket. Is this guy walls is a stolen valor guy.

[00:16:06]:
Oh, my God. This is one of the worst things you could be in this country, or in any country for that matter, claiming, and he’s done it very craftily, if you’ve seen this. Very crafty, which is very cheesy, right? Which means it is intentional. The way he’s claimed that he was overseas during Operation Enduring Freedom in Afghanistan. That’s what he at least allowed people to say about him. Now, when he didn’t, he was national guardsman that retired when he found out he was going to have to go to Iraq, excuse me, to Afghanistan or Iraq, I’m not sure which one. Apologies for that. He then retired and that was just a couple months before he would have been forced to go over there.

So stolen valor is what this guy is. Again, we all know about Kamala Harris. This is a brain dead person that slept away to the top, heels up. Harris absolutely applies to this person. But again, I don’t think she wins. But in a worst case scenario, as long as they don’t take the House in the Senate, this is actually the market’s favorite setup. A divided DC is a DC that can do the least amount of harm to us. And the markets have loved this setup historically.

[00:17:20]:
A split. A split. A split DC. So we have maybe, you know, she, if you won the presidency, wouldn’t have the House and Senate. Marcus, do love that third on day one, almost. Almost certainly Harris would be a lame duck president from day one because Republicans would refuse to play ball with her, would not agree to anything with her. These far left communist policies, make no mistake, that’s what she is. Meaning she can do very, actually do very low damage.

Now she can do damage. Take us to war. You know, presidents have a lot of power when it comes to that, but when it comes to policy, specifically to policies, the only power she would have would be by executive order. Now, that does come with some power as well. Certainly comes with some short term risk. However, anything that she tried to pass that was anti constitution would be overturned at the Supreme Court, which is where we have the power. But again, if she’s not able to get laws passed in Congress, her power would be very limited to the damage she could do. Fourth, and this is, I think this is an important point that a lot of folks, when you hear this, I think people, I’ve seen a lot of people go, oh, yeah, that does make sense.

The most powerful people in this country, in the world also happen to be the largest investors in stocks, real estate, and the bond market. They also control and own corporate America. So the last thing these elites would want to do is support policies that would damage their own self interest. So, no, I don’t think, look, when Biden got elected in 2020, it was a horrible time to be an investor. The market almost immediately started going lower. We had a bear market. It was a painful bear market. Would the markets go lower initially on a Harris win? Yeah, probably so in reaction.

[00:19:13]:
Right. But I think we’re going to get a tell from the markets, directionally speaking, into the electorate. Three months now to go. I expect the markets continue to rise because I believe the markets believe that Trump is going to win. So, yeah, would the markets go down? I do think if they did, though, it’d be a buying opportunity, because, again, the wealthiest, the last thing they’re going to do is damage their own self interest or their major investments. And finally, and this has been our major macro point, produced our base case now for a couple of years, what’s driving this bull market is far more powerful than short term political decision making. We see this as a very long term bull market and period of significant economic expansion. So a strong time for both the economy and markets.

Again, driven by what we’ve labeled as the innovation revolution, is going to power corporate earnings, consumer net worth, and GDP growth. What we pinpoint as more than 5% GDP growth for likely a decade, maybe two. Again, this is not a new forecast from us. We put it in the big bribe, which we published in the third quarter of 2022. And so the areas we’re looking at, in addition to our big bribe megatrends, but specifically with the innovation revolution, are artificial intelligence. Obviously, the big buzzword that encapsulates so much of this, but it extends much more than that. And that’s why we call it the innovation revolution, because it’s much more than just technology. We’re talking about space exploration, tourism, major growth area, autonomous vehicles, not just cars, but flight as well.

[00:20:53]:
Robotics, again, a lot of this is encapsulated under Tesla, isn’t it? Robotics is going to have an explosion onto the scene with millions of robots that do so much of what people don’t want to do. In the not too distant future, likely in five years, many people will have a robot in their home. This is, of course, what Optimus is. That’s the Tesla product. This generated so much excitement. In addition, quantum computing and mechanics, massive area. Of course, AI is going to be able to fuel much of what’s happening there, getting answers to things we don’t have the answer to today and making them commonplace. And also genetic research and advances in medicine.

We’ve seen, of course, a lot of negatives of that with the, with the COVID jabs. However, we think a lot of positives come from this as well. As we wrote in the book, in 20 years, it’s not, I don’t know, likely or probable is the right word to use, but it’s certainly a strong possibility that in 20 years, almost all diseases will have a cure, will be living longer. So that comes with problems as well. But certainly it’s a major positive from being able to do away with most of these diseases that are killing people today. So these are the drivers, both in the US and globally, that we see powering the markets and the economy higher, resulting what we’ve called and stand strongly by this never before seen wealth creation opportunities. And it’s for this reason that we’ve been pounding the table and saying this is the time to stay locked in. They committed to building a life of our dreams, prosperity, wealth creation, building your business again, building significant wealth.

[00:22:37]:
There’ll be a back end of this, too. There’ll be a back end. There’ll be a reason to own gold and bitcoin as a store of value because inflation is not going to go away, because the money pretty won’t stop. But we think the equity markets and the economy are going to do extremely well. And that’s also for the reason we’ve been saying to continue to ignore the perma bears and this ever present psyop and negativity. And that leads to the second question. Question from Bill M. Kip.

You talk often about a psyop of negativity. Please explain what that is. You know, I’ve mentioned it so many times over the years. I’ve started writing about this 1012 years ago because I just saw so, so much, started getting so negative. And I don’t know about you, but I feel very blessed. Yeah, I feel, I know that America is the best country on the planet. I don’t think that’s talked about enough. And it may sound naive, but I wake up every morning feeling extremely blessed.

And I also believe that if we didn’t have social media and if we weren’t in front of our screens all day long reading these negative hit pieces one after another after another, not that there aren’t risks. I’m not, I’m not, I’m not a Pollyanna, okay? I understand that there are risks. They’re ever present. But they’re talked about, I believe, way too much, and I think there’s a reason behind it. I think it’s done purposefully, and I think that people aren’t focused on our blessings and gratitude. We should have nearly enough. And I know it’s, I know firsthand, you know, from talking to so many people, including to our subscribers and clients, that it’s had a deeply damaging impact on the psyche of consumers and the public. So here’s my address to that.

[00:24:15]:
First, why is there a siphon? Negativity? What am I talking about? The objective of keeping people negative and living in fear is that it’s much easier to control them. That’s what fear is. It’s control. That’s a government thing. It’s also an attempt by communists to take control of our country. I’ll talk more about that in a moment. Number two, keeping us negative, and this may not seem like a, a big point. I think it is.

Keeping people negative means that you keep consumers concerned and worried. So they won’t buy stocks, they won’t buy real estate. What does that do? It allows the wealthy, the smart money, if you will, the elite certainly, to continue buying assets as cheaply as possible. They’re not being bit up because people are so worried. And if we’re right about the explosive moves higher that we predict in the markets, in the economy, and real estate, housing and all that, then I think there’s a, I think the sip of negativity there absolutely applies. Third, and this is the darkest reason for the sip of negativity. But many believe that we talked to believe this is the one that stands out more than anything. We see evidence of this happening around us, one of the most powerful weapons for communists when they attempt to take over democracy.

[00:25:33]:
This is written up in the communist manifesto, is to keep the public demoralized. A demoralized public is a public that is weak, both mentally and physically. This makes us easy to conquer, easy to take over. This again, this has been a primary weapon and spelled out during this communist takeover attempt in America. And I’m convinced that’s happening. Because what we’re seeing, that open borders, right? This transgender nonsense, so many things. This focus on homosexuality. I have nothing against homosexuals, okay? I don’t walk around telling people I’m straight and making a case of why do they feel the need to do it right.

We see so much insanity taking place around trying to sexualize our children. So much insanity. Things that don’t make sense. Left is right, right is left. The sky is green, right, up is down. These things don’t make sense. That demoralizes a public. Don’t we see that happening? People that are really getting depressed about all this because it just doesn’t make sense.

That’s purposeful, folks. So that’s the slap of negativity that I’ve been talking about for at least 1012 years. My view is we must reject this pervasive fear and this ongoing sight for negativity. And the first step to do that is to educate the public that it actually exists and that it is purposeful. My view, I’m a Napoleon Hill guy thinking grow rich. I’m a big manifesto destiny guy. Doctor Wayne Dyer. And if you read manifesto Destiny, by the way, if you haven’t readdez, manifest her destiny.

[00:27:08]:
And I love think and grow rich. It was the first book that I read that opened my eyes to what you think about happens, right? Whatever the mind consumer believe it can achieve. Napoleon Hill classic take there. But Wayne Dyer, Doctor Wayne Dyer. And rest in peace, Doctor Dyer, he left us several years ago. It’s a great book. I highly recommend it. His quote that I repeat every morning as part of my daily affirmations and prayers is what we think about, we bring about.

And I believe that’s so incredibly true. And I also know, just from observations, optimism trumps pessimism. This is the secret of the most successful among us. And I’ll make this point to make that as clear as possible. Think about the people that you maybe that you either admire the most or you look to as saying, wow, they built an incredible, incredibly successful life. And they did it with purpose. And they were unbelievably successful. Right? The people we look to, not necessarily as role models, but just as to someone that maybe want to try to follow in the footsteps based on the success they had.

[00:28:22]:
What do you notice about them? They’re all optimists. They’re not pessimists. Optimism is the secret of the most successful among us. And again, I think this is something we should talk about, certainly is something we should be aware of because especially in this market, again, as we saw it, again, again with this meltdown. By the way, Tyler talked about this a lot this week in his podcast. The meltdown that happened in money mornings market only happened because Japan melted down. Again, japanese markets down 13.4% on the as the carry trade blew up. Carry trade is not a big deal, by the way.

Okay. It’s very niche market stuff. Now, I’m not saying there’s not a fair amount of money in it, but it’s very much niche market. It’s not something that can melt the global markets down. But it really kind of did that on Monday, didn’t it? Well, as I’ve learned since, at least 75% of the carry trade was, was, was done away with. It was reversed. So that risk now, they’re probably putting it back on now because the bank of Japan has backed away from saying we’re going to hike rates. But the point being Monday here, the money we had should never have happened.

And that’s what created such a great opportunity. It’s a long term bull market and you’ve got to take advantage of these big declines because they are buy the tip opportunities. Remember, buy the dip has been the smartest of smart money strategies from the end of the bear market on October 13, 2022. So thank you for that. We it’s been a while since I really haven’t written that up specifically as detailed as I, as I did today and my Vra letter. But that’s why I love doing this podcast. Get a chance to really talk about it. Love to have your feedback.

[00:30:06]:
I will tell you, we get a lot of feedback from our folks this morning after I wrote it. And again, it’s something we talk about in the podcast, but don’t really go into a lot of detail as far as what happens if Harris wins. Now, you know what I think? Yeah, there’d be some downside. But the bottom line is we have a generational bull market based on the innovation revolution and wealth creation taking place, which is just unbelievable. And again, I don’t think it’s talked about enough. The reason to be positive, I also don’t think are being talked about nearly enough. Sometimes it’s good just turn off the phone, turn off social media, and enjoy our family and our friends and all the amazing opportunities we have specifically in this great country back to the market. So again, you know our view, we think the lows are in.

We think that’s our baseline to work off of, and we will continue to use dips as a buying opportunity. Again, we have some catalysts now that the markets we believe will be pivoting to. As I said a minute ago, rate cuts coming up next month at the Fed meeting. Jackson O. Presser on October, excuse me, August 22, and video earnings on August 28. So the next couple, three weeks are going to give us a lot of reasons to see the market go higher and for people, the smart money, to start front running it. I think that’s what started happening this week. I expect that to pick up speed.

I think we’ll look back and see this as a blip. I really do. I think we’ll look back and see this as a great buying opportunity. And again, as a reminder, Q two earnings have been fantastic of 10%. That’s not a fluke. That’s going to continue going forward. This is a reason to buy, especially if Trump wins, because Trump’s first year is going to be incredible. Just again, not to pat myself on the back, I wrote a book in 2016 before the election called Crash through prosperity, becoming wealthy in the age of Trump.

[00:31:51]:
Right? And in that book, I named the Trump economic miracle. And I said that I expect the market to jump 50% in Trump’s first year to 18 months. That happened. We had extraordinary gains. We had GDP growth of 5%. I predicted that as well. I think this round would be similar to that, maybe even better. Maybe even better because of the innovation revolution and the basic strength that right now exists in the us economy.

We talk about that often here, but it is very true, and it’s powerful. Housing drives everything. The millennial generation is also driving. Financial engineering is very real. Again, animal spirits under Trump would certainly come back. Corporate earnings and expansion is also very real. These are all drivers of a structural bull market and a structurally strong Us and global, by the way, and global economy. So it’s like everything.com now has grown up and become real, because those companies were, there were a lot of air.

Those companies were, a lot of those were, if not scams. They were certainly, you know, not ready for prime time. Now they’ve grown up now that all those companies and good ideas are now real. And that’s only going to get more exciting in the months and years to come again? Another good reason to own Tesla, by the way. Tesla has five divisions that will, in the not too distant future, each be worth a trillion dollars. Five different divisions that will each be worth a trillion dollars. Right now, Tesla’s market cap, with all that, is only 638 billion. There is no better buy, certainly for large cap companies, there is no better buy than Tesla.

[00:33:34]:
It’s $200 right now. Anytime you can buy it below 200, 250, I believe you’re getting a gift. I believe it’s a steal. And I think the future is going to be incredibly exciting for this company. All right, let’s take a look under the hood today. Let’s see what we had. Kind of a quiet day today. Internals were also very quiet.

Nothing really to write home about. NYSE Advanced decline was only positive, only about 100 issues. Nasdaq was slightly negative by about 300 issues. So kind of a wash there. Volume was positive for NYSE by $500 million worth trading. That’s what is that, 54% up volume. And Nasdaq also finished with actually even better up volume, 58% up volume for Nasdaq. And we also had the only negative really was new 50 highs and lows, but that was only slightly negative.

We only had 100 more stocks in the new 52 week low in 52 week high. But again, the internals had really, outside of Mondays, ugly internals. The internals over the last three, four months have been much better than they were last year. This is a trend that we believe will continue in our sector watch today. Here we go. This is very good. October 11. Frankly, it’s 1111.

[00:34:46]:
Okay. And materials were only. Sector finished lower, and that was by one 10th of 1%. So. But. But officially, ten of eleven sectors finished higher, had a lot of sectors up a half to percent to 1%, led by communication services, technology and real estate. As Tyler reminded me, real estate is nearing all time highs. It got hit a bit, but it’s bounced right back.

And again, that’s our leader. There is no important, more important sector or asset than housing, and it is leading higher. That’s good to see. In our commodity watch, gold has really bounced back. You know, we’re only, what is this? About $50 an ounce below all time high. Gold was up seven. Love gold. And the miners here, especially the miners gold today up $7 an ounce at 24 70.

Silver. Down $0.07, announced at 27.53. Copper at 398 a pound. I think it’s extraordinary buy. We just don’t have a great recommendation there because we are, we’re owning. We own gold miners and, of course, physical gold and silver. Copper, though 398 an ounce, was up half percent today. Crude oil, after getting hit, is bouncing back now $77 a barrel, up 1.1% today.

Kip Herriage [00:35:57]:
And finally, the day bitcoin has come roaring back. Right now, it’s right at 60,000. But again, it got hit to 49,000 on Monday. So up $11,000 of bitcoin since then. And again, as you know us, you know, we love bitcoin here. Looking for a major move higher in the year end. With a cycle high, they should take us to 250,000 over the next two to four years. All right, folks, that’s it for the day and for the week.

Hope you have a great weekend, and we’ll see you back here again Monday after the close. Bye.