In today’s episode, host Kip Herriage takes us on a dynamic ride through market action following a dramatic bounce back Monday, highlighting why the rally is real and not just another “dead cat bounce.” From dissecting questionable government economic data and critiquing Fed leadership, to spotlighting the power of real time AI-fueled economic reporting, Kip unpacks why he believes America’s economic future is looking brighter than ever and why now could be a magical time for optimists and investors alike. Tune into today's podcast to learn more.

Don’t Look back because the market is closed. Good Monday after everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day and hope your weekend was fantastic as well. Ours was here in Sugar Land. Took my wife out to dinner on Saturday night and had a good time. Nice weekend, Some yard work done.

You know, we. This is our third year to have raised beds and this is our first year to have real success with watermelons. I’ve been sharing some of those pictures online. My grandparents were farmers and one of the ways they got me to come help them with the crops in the summer was to raise watermelons because I loved them so much. So they just grew, started growing watermelons for me. And when I came and helped out in the summer, I could just take my pick. I mean, I could get like 10 every trip. And I, and I did, you know, have a couple there and then, you know, the other eight to bring home with, with, with, with us when we came back home.

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So anyway, never forgot that. And they had green thumbs like, like crazy. Take me a little while to figure it out, but I’m getting there. It was a good season. The watermelons have come out fantastic. I had to tell you. Sweet, juicy, crisp, just really, really good. And then tomatoes have been fantastic.

Okra is doing great. We had a good strawberry season in the spring. And you know what else? You know, lettuce and things like that. Of course, we have a herb garden as well. My wife for cooking with. But it’s been a blast. You know, it’s just very relaxing and I look forward to it, you know, when I go out there and pay attention to my crops every day. But anyway, I hope you had a good weekend as well.

Let’s get right to it today. What a day. What a bounce back day, right? Look at this market today. Holy cow, the internals are great. Everything about this move said that this, this move today is real. It’s not reactionary. It’s not some kind of a dead cat bounce. I’ve seen so many people.

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You know, one of the reasons I’m on social media, I want to see what the. I want to see what the people that I know that are really bad at what they do, they’re always admitting they’re always wrong. I want to see what they’re saying. I honestly don’t know how some people have the courage to remain online because they’re wrong. They’re vocal, they’re loud, they’re wrong all the time and do not seem to care. But these are Great people to fade. And when you have a group of these right where the perma bears or just, you know, forever bears are just wrong, just wrong, period. When you get a group of those folks and you really start paying attention to what they’re saying, you know, it’s just another tool in your toolbox is really what it is.

And after Friday’s, you know, bad jobs data and then the, you know, the bad day on Friday, of course what people forget is that we covered this on the podcast on Friday. The market was staging a recovery Monday midday. And here came the news about Trump moving a couple of nuclear submarines in position towards Russia. Now all of a sudden, that was it. All bets are off. They were selling, selling all afternoon long. But we had a strong rally coming off the job. Static because no one believes it.

Do you believe it? No, you don’t. Because no one has got a half a brain believes this data. It’s horribly collected. The BLS person should have been fired. The whole, the whole system’s got to be torn down. We talk, we’ve talked often here about Truflation. Truflation.com you follow them on Twitter or Truflation.com they do real time collection of inflationary data. It’s far, it’s actually like real time.

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They have multiple updates throughout the day right now. And I’m sure it’s different right now, but as of this morning, the truflation consumer price index was 1.65% versus the feds at 2.7%. And they break it down. You see exactly what the components are. You know, hey, this, this, this act looks like it’s right. You know, it’s. Because it is right. Everything the Fed does is antiquated.

If you, if, you know, we got an email from one of our subscribers over the weekend. Just nailed it because I didn’t know. He’s not an economist. He’s not an economist. He’s never been a business owner. Talking about Jay Powell. Not an economist, never been a business owner. He’s a lawyer who’s never practiced law.

He’s never been in private practice. He’s an actor. Jay Powell is a chameleon. He is what he needs to be. Tyler just, just gave me that line a minute ago in our pre podcast meeting. That’s exactly right. And you can see it if you feel like we watched every one of his pressers, I’m sure a lot of you do too. Every chance we get.

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And you know, any, any, any. And he shows who he really is. Everybody really does. If they’re in front of camera enough, right? At some point, people are going to realize who you, what you really are all about. And you just, he just gets busted every now and then because he’s not that good at being a fraud, not that good at being a phony. And if you think I’m just trying to, you know, say that to get a reaction out of you or whatever, I’m not. Jay Powell is horrible. I’ve been saying this now for years.

I believe it was 2020 when I first said that Jay Powell should resign. And I’ve never changed my mind about him. But Tyler made this point as well. Once everybody realizes that this employment data has been wrong for forever, and we already know that it is right, they’ve restated over the last five years, they’ve had to restate, revise their employment data 90% of the time to the downside. So for Biden’s time, what they’re doing is going for the real big number, knowing that by the time the next report comes out, no one’s going to care about the revisions, everybody’s going to be caring about the new report. It’s very transparent to watch this fraud take place. So again, what’s going to be interesting about this and very, very good is I think it’s the reason the market bounced back today. What’s going to be fantastic for us as a country is to have all of our government data run through, you know, AI systems.

Run through what? Similar to what truflation uses. Right. And so it’s real time. It’s all of it, and it’s just live reporting. Since it was right there, we all know what it is. There’s no secretive, there’s no, oh, oh, the Fed’s got the data. Oh, who else did they share it with? Because, you know, they, they do. Right inside trading.

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So that’s, that’s all criminality. Right. We’ve just gotten so used to it and accustomed to it. We’re just numb to it all because there’s just so much criminality. You just like, you know what, I’m just going to go ahead and assume that 30% of what they tell me is some kind of a lie. Another 30%, it’s going to be based on inside information they’re sharing with. They’re all, you know, getting each other wealthy off this stuff. Right.

And we all know that happens. We know that happens. If you’re, if you’re in government. Let me ask you a question. How many people in government do you trust? I can think of about maybe 5% of every politician that I’ve ever gotten to know and studied, you know, I mean, he’s been in office. I feel like I know him even if I don’t know him personally. I think about 5% of all politicians that I trust, these are. These are by and large scumbags that have found this is a way not to.

Maybe they got into it for all the right reasons, you know, and then they get corrupted. I think that’s probably what happens for a lot of these people. But I think that once you’ve been. I think once you’ve been in government and given a government employee for a certain amount of time, I say for probably. It’s probably like three to four years, then you’re on your way to being corrupted. After 10 years, unless you’ve got a real strong, you know, Constitution, you’re a morally good person. Right. And there are.

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There are some of those. You know, Ron Paul was that way. I think Rand Paul’s that way. I could. I could name probably another 8 to 10 if I thought about it for a minute. Outside of that. No. So we’re not surprised in this, are we? Of course not.

And this, again, this is what the Trump presidency is, you know, again, why, While at the same time he’s making himself and his family incredibly wealthy. Hey, at least they’re doing it publicly. I mean, they’re all announcing. There was another one today, a SPAC that Don Jr. And Eric filed, that Wayne, Wayne, Wayne Root hit me up about saying, hey, I want to invest in this. I just got his text like five minutes ago, so I don’t know anything about it. It said some kind of a basic industry, kind of a spac, you know, to fit with the whole theme of Trump’s second term for Main street and for real people. But at least.

I mean, at least. Yeah. Yes, they’re gonna. They’re. They’re really gonna enrich themselves a lot. But I honestly, they all did it anyway. Now at least this is above board. We’re seeing that they’re doing it.

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They’re telling us about it, and they’re cleaning things up. And it’s making. It’s making me. Me be more proud to be an American. And I’m very excited about the direction that we’re headed in. I think that I would. I would guess that’ll speak for most of you on this podcast today. So in addition to the BLS person getting fired, you probably saw this as well.

The. The governor fed. Governor Kler just quit. She. She just. She Wasn’t at the Wednesday meeting, the Fed meetings on Tuesday and Wednesday. And it was just like somebody referenced it as she’s a personal thing. All right.

And then we found on Friday she just up and quit. She says, I’m out of here. Gave the, gave the notice, I’m gone. Didn’t vote. What’s going on there? What is going on there? So Trump’s going to be able to replace her. He’s going to be able to replace the other her, which is the BLS commissioner. He said he’s going to replace both of them this week and so that’s going to give him another Fed governor. I wrote this up this morning.

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I think the new Fed governor replacing Coogler should be Charles Payne. And I think after some of the appointments we’ve seen, I don’t think that that’s a shock. Matter of fact, Charles Payne would do a hell of a job. All right. But you know, I mean look at Secretary of Defense. I mean, you know, so I think although he’s got a great military background, right. Young guy, had no experience in this kind of a role. You could say the same thing about Charles, except Charles is a sharp cookie.

He’s got things figured out. And I think if Trump were to put Charles Payne on the Federal Reserve, how much better will we all feel about the Federal Reserve? Because here at least we got a guy that is an honest cat. It would bring much needed legitimacy to the Federal Reserve. And we get Charles’s insights, other Fed members would hear his insights, which they have no one like him in the Federal Reserve right now. That much I can guarantee you. But again, so much happens with Trump presidency. He’s happening so fast again to come back today. The move higher today right from jump street.

When they opened futures last night, futures opened flat, flat to down. And I was like okay, I could, I thought that could have been down a couple hundred. We were looking to, if the market opened down sharply today, we were looking to add positions. We didn’t get that chance, did we? Futures got stronger, stronger, stronger. Finished up on the day big time. Finished right at the highs a day. Dow Jones they finishing up 1.3%. SB 500 up 1 1/2%.

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Rusty Thousand up 2.1. Golden Cross on Friday at the close golden cross, I wrote it up incorrectly this morning. This is the true golden cross buy signal for those 2,050 day crossing the 200 day with the 200 day moving average rising. This is the textbook golden cross. And we got one in the Rust 2000 today that’s big R2K today up 2.1%. Leading index today even beat Nasdaq. Nasdaq right behind it at one point up 1.95. Nasdaq up a big 403 points.

And then we had of course the semis just red hot right up another two and a quarter percent. Let can I say it again because you want to say it with me folks, it’s a textbook bull market day. Semi beat Nasdaq, Nasdaq beat the broad market meaning Dow Jones and S&P 500 and again golden cross and small caps. So that’s good to see. Small caps have been a tough place to invest. Look, we all know this but what we also know is when the small caps get hot, they get red hot. And I think, I don’t think this, I know this. I saw again online this weekend so many people, Mark Zandy, I don’t mention a lot of names here.

I’m gonna mention Mark Zandi’s name. Mark Zandi is the economist at Moody’s and he’s wrong. I actually kind of likable guy frankly. I think he’s, I do, I get, I get the feeling he’s honest. I read his stuff every week. I never quote it because I’d use it as a counter investment strategy because when he’s wrong, he’s really wrong. Well this weekend he used the jobs data from Friday and just put a big thread over the weekend, big article as to why the economy is in real trouble and basically said here comes a recession and the Fed is too late. And if you know me and I’m sure all of you folks welcome, you already know our thoughts on this economy.

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It’s left the station. The trades left the station. We’re going to have 5% GDP growth likely by year end. We’re 3% now. That’s what’s so crazy. Jay Powell and everybody’s talking, oh, the weak economy’s getting weaker when they at the same time again. But we’ll be able to get honest GDP data now soon. That’s going to happen.

All of these antiquated systems are going bye bye. What are we going to do with ourselves? We’re already going to know the data instantaneously. There won’t be any reports. Guess what that’s going to mean. And I’m just, I’m kind of just checking all the boxes here mainly hadn’t thought about this. Tyler, when you listen to this, you already know what I’m about to say, don’t you? We’re not going to have to listen to any more Fed meetings every month. These used to not happen. They didn’t have mere month.

They had them like every quarter. And all of a sudden Jay Powell’s like, let’s do this every month again. They see themselves as our financial masters of the universe. They’ve gone from being nerds in junior high and high school to now they’re the cool kids. Look at the cool lunch table. And they don’t want to give that up. That’s another thing that’s going to happen. So Trump is removing all of these power bases that should not have power.

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Economists at the Federal Reserve should not be in any form of power. The Federal Reserve, we already know the damage that’s done to the economy. US dollars lost 98% of its value since it created in 1913. Wrong all the time again. This is five times now that Jay Powell and his merry band of money printers had been wrong since Powell got the gig in 2018. This is their fifth policy era right now. Because they should already be cutting, not because economy is weak Again. These guys, it’s group think they’re guilty of consensus building and groupthink.

I can’t think of any. They’re so afraid to counter what the majority, again, the group think the consensus. They’re so afraid to counter what their other, you know, what everybody else is kind of saying that they do. They’re going to be kicked out of the cool club. They won’t be sitting there at lunch with the cool kids. So that’s why they don’t, they don’t hardly ever differ with each other. We have hundreds of these people. Again, these are all the HD economists that work for the Federal Reserve.

There’s hundreds of them. Hundreds. The number used to be over a thousand. I don’t know what it is now. I know it’s in the hundreds. 6, 700, I believe is the last time you believe this. But they all puppet each other. They all say the same thing.

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It is hilarious and it’s just wrong. You’re making a lot of money by the way. Again, taxpayers pay you for this. So that’s all going to go bye bye. This is going to be amazing. And again, no more monthly Fed meetings. That’s coming, that’s coming. It might take a little while yet.

Will we ever get rid of the Federal Reserve? Boy, it’s hard to unwind that clock. Everything that we do globally has got the Fed up its business. And the fear that I would have would be that because the Fed is part of the Most powerful cartel on the planet, the banking cartel. If they’re cornered like an animal, what would they do? They sink the, would they sink the whole thing just to teach us a lesson. How dare you try to do that to take power back. Because folks, they absolutely could do that. It’s one of my biggest fears about the markets with Federal Reserve and Trump. Push them to push them too far, they’re going to say okay buddy, we tried to warn you, you know, tried to warn you.

This is what happened in 2018. Seven straight rate hikes, including three in the last quarter of the year, including one just before Christmas Eve sunk the markets worst quarter, we call it the fourth quarter from hell. It was the worst quarter, fourth quarter ever and it was the worst December. It was even worse than the Great Depression. It was just horrible. Right, right. They, they had to halt. They halted the markets on Christmas Eve.

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That’s a half day trading. J Pal didn’t care. And that was get Trump. That was teach you. So again these are the kind of things that make keep me up at night. And again can I tell you, here’s the flip side to that, that coin. That’s why we diversify. Look at what’s gold doing.

Gold up another 30 bucks announced today right now sitting at just what is this? 80 bucks away from another all time high. This is why we diversify. It’s why we own bitcoin, it’s why we own gold. It’s why in our V portfolio we have a very diverse group of holdings and they really balance each other well. I’m telling you it wasn’t by design. This is the way our system works. We wind up with various diversified positions in different industry and it just works. And you know, I mean I’ve put this thing together over, you know, my 40 years in the business thanks to my mentors Ted Parsons and Michael Metz.

Learned so much from them. And if you’ve been with us a while, you know there’s really, there’s not, this is not me bragging. There’s really nobody else quite like us. The VR here, what we do is very counter to the again consensus and the group think as you, as you know and again this is, it’s just I’ve done this 40 years and the mistakes that I’ve made are so painful, you know over the first 10, 15 years of my career because I’m hard headed. I had to learn these things myself but I’ve learned them and now it’s just like it’s part of my DNA. This is how we do things. And now I’ve got Tyler here and maybe some more news about another one of our. Another one of our other.

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Our other child. We haven’t officially announced it yet, but that may be happening too with Samwell. And this is always by design, folks. This is always compared to his plan. We’ll probably make an announcement about that here for too long. We’re really excited about it. Really, really excited about it. Yeah.

So back to this recession thing. So many people. Oh, we’re already in a recession. I mean, it’s, it’s laughable. It is laughable. This economy is already percolating. I don’t trust any of the official data. I trust my eyes and ears.

I know from talking to the customers and clients, CEOs we talk to and our customers, people are getting it now. It’s maybe the first America, right? Second America is struggling. Why are they struggling? 7% mortgages, credit card, 28% credit. Why do you think they’re struggling? What are you, it, Are you stupid? It’s interest rates. That’s why they’re struggling. First you, you bear them in 41 year highs, inflation. And now, now Powell comes back. Oh, you know, everybody’s doing pretty well in this country.

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Yeah. Second America is not. He doesn’t care. He does. He does not give a shit about the second America. I can only make that promise to you. That’s the truth. Not a good guy comes across like it.

He is not a good guy. There is no reason, except get Trump for interest rates to be as high as they are. Not a single reason. Just to recap why that is, first of all, the inflation data is wrong. That’s step number one. Number two, tariffs aren’t inflationary. Not the way Trump has done it. I’m writing this up for tomorrow.

I’ve already got it halfway written. Looking forward to sharing it with you. But bottom line is that when Trump uses tariffs, a lot of things start to happen. It gives him supreme negotiating power. It gives America supreme negotiating ability. And so by the time goods actually wind up here, they’ve already cut the price. So that’s happening. Okay.

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But the other thing is, remember the innovation revolution? It’s not just about innovation. It’s not just about having cool things. Flying cars and autonomous vehicles and robots in our house and space exploration. Look, in 10 years, you want to go to space. I’d like to go to space. For I’m not here anymore. Absolutely. One of my goals is to get to space before I’m not here anymore.

How cool would that be? Well, this is all going to be possible for us. And so again it’s just the, there, there are industries that will exist inside of five to 10 years that we have no knowledge of right now. If you remember when email first came out, do you know what I’m talking about? Like what, what it does it through the air. It sends my documents through the air. Well, we kind of had an understanding of it because of fax machines, but email was nothing like it was instantaneous. Boom. No printing. So it’s things like that.

You go, oh, we, we’re doing that now. Well that’s cool. So how many of those inventions are coming? But the bottom line is that all of these inventions, all these innovation breeds disinflation. So we’re going to see prices continue to fall. It’s already started. It’s going to, it’s a magic, it’s a magical time to be alive. It’s a magical time to be alive. And so when I see people that are just negative, negative, negative, like what are you bitching about? You don’t know how good you have it.

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You don’t know how many people around the world would kill someone to be in your shoes, cut off both of their arms to have 10% of what you have. But we like to really complain and moan and groan in this country, don’t we? We’re Negative Nancy’s, we’re all turning a bunch of negative and, and that’s not the way success is supposed to work. Remanifest your destiny folks. Remanifest your destiny. What you think about you bring about what you put out in the universe comes back to you. And there’s just so much truth to that. I found that the more I, the older I get, the more more I find. That’s true.

But as far as the negative thing, I, I, I, I have, I have no interest in being around negative people at a party or you know, they’re always the ones standing by themselves because people don’t want to hear them complain about their life. I don’t want to be that guy, you know what I mean? But we, it is a magical time to be alive. I’ve said it many times, there’s never been a better time to be an optimist. That time is right now. So we get honest reporting of all this. Economic data, inflationary data, etc, jobs, debt, it’s, it’s going to make this point very clear. We’ve been lied to you for a long time. Been lied to for a very long time.

But the final point is recession. People because they really crack me up again, Todd. And I look at this thing as contrarians. When that, when the day comes that nobody is saying we’re in recession or we’re headed into recession, when the day comes that nobody is saying, hey, we’re about to enter a big bear market when all of those forever bears and perma bears are gone. See, that’s a problem for the bull story that we. I don’t want to beat them up because I want them to keep doing it. I don’t want to out them. I want them to keep doing what they’re doing because when they stop, when the pain gets so intense that they can’t do it anymore, then I want to own some puts and I probably want to start taking some profits.

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Look, that’s, I’m half kidding. We’ve got other indicators that we look at and they just never reach the level, Tom, of being overbought to a level that we’re taking profits, we’re just not there yet. You know, on Friday I talked about the IPO market and you know, again, another parallel to the dot com bull market, which is this is the closest book. This will blow that one away. Stronger, longer lasting and much broader. This, this, this isn’t going to just be tech. This is everything, folks. That’s what this innovation, the innovation revolution is doing, impacting every industry, including new ones it’s creating.

But when the IPO machine really gets rolling, you know, we had 350 IPOs in the last three years. 350 IPOs that went up on the first day of trading more than 100%. 150 IPOs that went up more than 300% on the first day of trading. I actually think, I actually think those numbers are low. I do, I remember them being higher. But this is officially read an article from, from Forbes that quoted this. And so I, I, I, instead of working off memory, I’ll go with that. But just think about that.

Just think about 150 that went up more than three times their initial valuation. That was the dot com bull market and we’re just nowhere near that. You know, we haven’t got to anything frothy yet. And again, if we’re right about this, and I, I think, I think we are, a matter of fact I’m, I, I bet an arm on it. That’s how confident that I am that our work is going to hold up. If you haven’t read the Big Bribe, I encourage you to do that because we put it all in the book three years ago. Okay? What else today? All right, this morning I’ve been covering this quickly, but I think it’s important, I think more people should understand primary trend, trend versus a secondary trend or counter trend. If you look at a chart of the US Dollar, I wrote this up this morning and we’ve talked about this a lot here.

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Trump has wanted the dollar to be weak, weak, weak, weak, weak. He did in his first term. He does now because our currencies, our country has been victim to so much manipulation of other host countries currency. They’ve done it because they thought they’d get away with it and they have forever. You know, a better example than China. That’s a big part of what these tariffs about. It’s not just, it’s not just tariff barrier, it’s non tariff barriers, in other words, currencies and manipulation. So Trump wants the dollar to be weak and that’s exactly.

Look at a chart, I mean from, from his inauguration, the dollar’s only done one thing is go down. Okay, well we hit extreme oversold on steroids, our most oversold designation in the very system at the beginning of July. And all of a sudden it became time for a counter trend. Not for the primary trend to go away, but it’s time for the counter trend to kick in. And these are short lived, right? Not like the primary trends long term. And you look at the chart on the dollar, what happened over the month of July? The dollar rallied. It got Back to the 100 day. It’s still light years below the 200.

This is an ugly, ugly chart. And our momentum oscillators all hit extreme overbought. That’s when we call it extreme overbought on steroids. And so that was a real tell. Then we got the jobs data on Friday, the bogus jobs data. And we got the outside day in the tenure. We talked about that on Friday, big outside day. The 10 year, it was down again today by the 10 year.

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Now down to a 4.2%. It’s going again. This is the beginning of the move lower. Okay, so now it’s time for the, it’s time for the primary trend to take back control. And that’s what’s happening now. Dollar was down today. Gold was up today again, dollars. There is a correlation, there is a fairly strong correlation, not that strong kind of strong correlation between the dollar and dollar based commodities, you know, gold, silver, oil, etc.

But that’s what happened on Friday with that, with that jobs data. And again the outside day in the 10 year, that was a big sell Signal or buy signal for bonds, sell signal on the yields. Right. They’re like a, it’s like a, it’s like a swing. You know, one goes up, one goes down. That’s, that’s the relationship there. But anyway, so now it’s time for the primary trend to kick back in. So this is we, we are aggressively long the miners, gold miners, aggressively long gold and silver and, and now the dollar is going to resume its root lower and again gold is now again up almost 30 today and ready to.

[00:30:32]:
It’s been a hell of a move. This move really is just getting started though. It’s gonna be. One of. This is gonna be the bull market of bull markets for a lot of things. Gold, gold and the miners will be among that group. There’s so much value in these Gold miners have yet to get hot. The entire market cap, this is crazy.

The entire market cap of all gold miners on the planet is, is, is, is one third, one third the size of Facebook. You believe that Total market cap’s like 350, $400 billion of all gold miners. Yeah. You think that’s going to change? Yeah, I do too. So a lot, a lot of value there. A lot, a lot of value. Okay, let’s get to the internals today and let you go again. Good day today.

Internals backed it up as well. Three to one for NYSE 78 point. Really the same 78.9% of volume. NASDAQ again, very good readings. We had 180 stocks, just 122 at a 52 week low. But it was the strength of this move. Like if, if, if, if the bears, if the bears were going to be able to, to, to take this market down. And after Friday it was like okay, all the, all the, the seasonality guys, you know, like Ryan Dietrich and all his.

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I like Ryan by the way, but you know, he’s like all of us, he didn’t get them all right. And he’s really been sounding, he’s really been pounding the table on August. Seasonality is really bad. I mean I think I see updates like four or five a day from him. Okay. So I, I think he’ ease here because this is a new bull market. It just started in April. Again, we’ve been on the same pattern as the bull market that followed the pandemic which was pretty much straight up for two years.

So we got a long ways to go in this bull market and I think I, I would, I would not want to be short this market. There’s no way I would Be short. This market we haven’t even considered buying puts nothing like that here. But again, if the bearish, we’re going to have a shot to take this market down. Bad seasonality, that’s upon us. Markets hit extreme overbought, that’s upon us. Trump, you know, wanting to replace Jay Powell, Fed Governor quitting, firing the, the commissioner of the bls. You know, pretty much Trump could every day does something that if they wanted to do you think they could take the market down? Just too strong.

Market’s too strong and here’s why. I mean all the reasons we’ve talked about regularly, but the biggest reason, just supply and demand. It’s, it’s kind of like the bitcoin story. Everybody and their mother wants to be in the US we’re the last bastion of free market capitalism standing. Europe. Socialist. Canada. Socialist.

[00:33:24]:
Name it. Name a country that, that, that, that, that again. People like to bitch and moan about the U.S. no, no, no. This is the best country on the planet. There’s not a close second. Stop complaining. You’re annoying.

You’re just annoying. Be thankful, man. Especially the fact that Trump won. Otherwise we’d be going down that road. We would be Canada. We’d be on our way to being UK and having no, no free speech. But no, we won, folks. You understand this, right? We won.

The culture war is over. The good guys have won. Now I, I always hate to pound the table too quick or make a proclamation like that, but look at the bench. The Republicans have. Look at the bench. Look at the quality people. People that you’d love to have as your next door neighbor. They’re running shit now.

[00:34:20]:
Now look at the Democrat Party. Not the Democratic, the Democrat Party. Look how far they’ve fallen. It’s over. They just hadn’t had the funeral yet. It’s over. We won. Good guys won, bad guys lost.

So they’ll hang on, they’ll get minor victories here and there, but they’re losing everything now. And that’s not going to stop this. This country’s, this country is ready to rock and roll. People enjoy it. It’s a hard fought victory and we did win. Republicans could be in power for two decades. It’s happened before, you know, that is, it’s, it’s great news for all of us because we deserve it, right? We just went through the worst two decades in American history. We absolutely deserve, we survived that.

We survived that, can survive anything. We did. Now let’s, let’s go, right? Let’s go. Let’s show the rest of the world how it’s done. Let’s, let’s renew their vigor in their sense of, hey, they did it, we can still do this. It’s too late in some places, you know, in some places it might have to get ugly first. Right? That’s the way it works. That’s how bad you want it, right? But anyway, the key is everybody wants to appear, everybody wants to invest here, start companies here, right? And that’s why the tariffs again, are so smart.

[00:35:50]:
Reshoring of American companies, it just, it just works beautifully. And if you’re short America or you think this market’s, you think the economy’s going to recession or you think we’re going into a bear market and can I just be honest with you? Get off your meds. Something, there’s something not right with you. Something’s not clicking because I see this, I could not see it more clearly. Could not see it more clearly. And I, look, I know I’m talking to a friendly crowd here. I think you all feel the same way, but this is that this is the time to go, go, go, right, Pay attention. This is the time to really lock in, start, start a business if you got a good idea, this is that time.

You know, definitely be an aggressive investor. Look at what gold’s doing. You don’t even have to be. Again, inflationary assets are going to keep rising. Okay, but it’s just more than anything, well, it’s just heartwarming to know that we did this. You know, we beat the bad guys and we did. We should have a party. Maybe that’s what we’re going to do, I think for our 250 year anniversary.

Right? Maybe that’s what this is all about. Trump seems to have all this stuff planned out pretty well, doesn’t he? It’s like a scripted movie. It’s almost so perfect. Right, so again, good internals today. Sectors also very, very good. Today we had only one sector finished lower today it was energy down 4 cents a percent. Everything up big. Communication, services, technology, both are better than 2%.

[00:37:16]:
Utilities have been on fire all time highs. Why are they. Well, why, why are they so high? There’s two reasons. It’s AI, data centers, we need more power. Give me more power, Scotty. We got to have more power. What’s the other reason? Utilities are the largest borrowers of capital in the country. Largest borrowers of money in the country.

I wonder what, I wonder what the discounting mechanism of utilities is telling you about this all time high move. It keeps powering up pretty much Going parabolic, selling your rates going lower. The largest borrowers of capital are going to be paying lower interest rates as everybody else is. Again, that does matter. It’s a great story. We don’t have position utilities because just I think there are better ways, more exciting ways to make money. But I mean they let again today a good job of sector wash today. All 10 of 11 sectors higher.

Take a look at commodities again. Dollar lower, commodities stronger. I think that while the correlation is fairly strong, it doesn’t really need to be. This is that bull market for gold. Gold up today $29 an ounce, 3428 again what is that like 80 bucks away from all time high. Silver today up 1.3%. 3744 copper up a half percent at 4.45 a pound. Crude oil today again down a little bit, down a buck nine a barrel at 6624 has been right in this range now for very long time.

[00:38:46]:
Well, Trump did say drill baby, drill and he wanted prices lower to help inflation. He’s asked for it, he’s getting it. And battle of the day, bitcoin. I the only thing that surprised me today that bitcoin wasn’t up more. I really thought it would be. It had a good reversal. Look, it hit the 50 day over the weekend, 111 and change. It’s 114, nine now but it broke 115, almost 116.

I thought we’re ready to have that move past 120, 130, 140. That move is coming. And so we added a position today. But I was kind of surprised it didn’t do a little better last trade $114,927. 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.