In today's episode, Kip breaks down an action-packed day of stock market action. Kip dives into the latest movements, including a new all-time high for gold and the latest promising earnings from Taiwan Semiconductor and Netflix. We'll also discuss how the markets are reacting to a potential Trump victory, with betting sites increasingly favoring him, and analyze the implications of recent political events such as Kamala Harris's interview with Bret Baier. Tune into today's podcast to learn more.

Don’t look back to. The market is closed. Good Thursday afternoon, everyone. Kip Herriage here with the Daily VRA investing podcast. Hope you had a good day today. Got a lot of things happening, don’t we? We had the debate, not debate, the interview last night between Kamala Harris and Bret Baier. Touch on that for a moment. We had the betting sites updated now, betting sites going solidly in favor of Trump to win, especially in the swing states.

That’s where it’s most important. Earnings. Taiwan Semi today, big chip company out of Taiwan came out and the big beat shares up 9% today on that news. That’s refreshing and good to hear after ASML disappoint us on Tuesday. And Netflix just reported earnings gold at an all time high today. And we have the Trump trade or the market is beginning to discount a Trump victory. We’ve been talking about this, haven’t we? First off, the markets today, Dow Jones today finished up another all time high, up 161 points today as four tenths of 1%.

[00:01:01]:
That was our leader on the day early. Else is either flat to down today. Nasdaq at one point had solid gains, only finished with six, up six points higher. SVI funder was down just a fraction of a percent, down one point. Russ 2000 down three tenths of 1%. But semis did lead higher today, up 1.9%. Again on the back of that strong Taiwan Semi news, which really made a lot of people feel better about the, about the chip companies because of what ASML did on Tuesday when they announced disappointed earnings and the stock got hit 16%, taking the whole group down with it. So when the Taiwan semi announced today, their CEO confirmed pretty much what we hear regularly from so many of these semi companies, chip companies, that the AI boom is real and it’s only in the early innings.

That is what Taiwan Semi CEO said today on their earnings report. And again, the stock finished it today, almost 10% on the day. Of course, here in about a month, we’ll get the biggie, the big boy, the most important stock there is, Nvidia will be reporting. We also earnings. We got Netflix today, Netflix reported, and it was a beat. Revenue is growing. They’re tightening up their balance sheet. And now, as you know, they’ve got all kinds of different fee structures going on now.

It’s believed that they’re about to raise their monthly fees again. That’s probably coming here pretty soon. And after hours stock trading up by about 3% on that beat. And now we’re getting into the, into the meat of earnings season. Now, banks have reported that now starting later this week, next week, really, the groundswell will begin for tech companies. Now, I’m not surprised if the market takes a little bit of a lull between now and then. But look, this market’s going higher because the market believes that Donald Trump is going to be president. That’s what this rally is about.

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We started telling you the market would be front running this a couple weeks ago and now here we are. That’s exactly what we think has been happening. And again, Harris did herself no favors last night. Came across as angry last night in an interview with Bret Baier, came across as unprepared, just really kind of an ugly personality. There’s not a lot about her that’s likable and she’s very phony. And that just comes across. She was combative with Bret Baier and like, she’s never done this before and she hasn’t. She’s done nothing but friendly interviews.

So no surprise there. And the betting sites, which again, the betting sites now are becoming the new pollsters. Pollsters need to learn how to code. All right? That’s the old joke, right? Learn how to code and you’ll be okay. Pollsters should learn how to code because they are going to be out of jobs left, right and center just in the next couple of years. But another part of the red pilling of America, if you will, anywhere with the phony state controlled pollsters, right? When’s the last time you were polled? No, none of us ever get polled. They only poll the people that they know they’re going to get the answer from. Then they weight their polls heavily with more heavily with Democrats and Republicans, and that’s how they fix it.

It’s another form of election rigging is what that is. But these betting sites like poly Market, we featured that this morning in our very letter. Polymarket now is the number one site. Not betting wise. It is that as well, but it’s the number one site for news on the election. Poly, poly market now has surpassed the New York Times in short order. And today, following the heels of that horrible interview last night for Harris, poly market got to high again. This is a betting site.

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This is real money. This isn’t phony and rigged. Real people betting real money at one point that they had Trump up with a 62% chance to win. That’s the highest it’s been so far. And five of the six swing states also heavily in Trump’s favor, only one was it. That’s the tide. That’s Nevada and they’re tied. So, again, things looking very good for Trump.

The markets like that, and you can really see it in the media, too. The media is becoming more friendly and more fair to Trump. And I think a lot of that has to do with Trump’s personality. He’s doubted back a little bit. He did this yesterday. You may have seen this. He did this. This is a town hall with nothing but women, this Fox town hall.

And I think people maybe got a chance to see the real Donald Trump. You know, when he’s not putting on performance, he’s just sitting, listening, talking to people, having conversations, talking about how he’s going to solve problems. And he’s got that. He’s got that linked. I mean, that’s what he’s all about. He was received very well by a room full of women last night. I think that surprised a lot of people. So, anyway, things look good.

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The market likes the idea of a Trump win. If that were to change, this market would go in the opposite direction and do it in a hurry. What else? Today, again, gold at an all time high. Today, mining stocks continue to move higher. It’s kind of a textbook bull market, but it’s also a stealth bull market for the miners. Gold is up 40% in the year. 40%. Not many people know it.

Not many people own it. Even fewer own the miners. The miners have even outperformed gold from the February 28 lows. And again, today, we saw that connection. Again, gold today, miners up about two to one on gold. That’s about what you see in a bull market. A two to one outperformance, miners to gold. And when this group gets going parabolic, then it becomes three or even four to one.

But again, we are pounding the table on the miners. We think that’s where the reaction is going to be. Miners are still 35% below all time highs of 2011, folks. And again, gold at all time highs. Over $2,700 an ounce now and going a whole lot higher. Why? Because global governments are just money printing happy. And that’s a recipe for a bull market, not just in gold, but in bitcoin as well. And yes, that is exactly how we’re positioned.

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All right, let’s talk about the internals today. Not a great day here for the internals, which is probably why the market gave up some of its gains late in the day. Not ugly, but not good. How about that? Both advanced decline for NYC and Nasdaq, slightly negative, but only slightly so. Volume today. Positive for Nasdaq by 52%. Negative for NYC by 54%. But we did have this and this is a big beat.

516 stocks in 52 week high to just 81. Hitting a new 52 week low sector watch mixed bag here as well. We had five sectors finish higher, six finish lower. No great shakes in either direction though. Leader was energy of four tenths 1% to the downside. Utilities down 910 of 1%. And our commodity watch again. Good day here for gold.

All time high finishing up $16. Announced at 2706. 1st close over 2700 an ounce. Again, we think this is still the beginning of this bull market. Again. I featured this this morning. Look, go back and look at a 1010 year chart of gold. Look at this rounded bottom, look at this perfect cup and handle formation that it broke out from targeting $5,000 an ounce.

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Again, that’s about a three to a five year, although I think it’s going to happen sooner. But really if you talk to people that really know this technical analysis and understand what’s happening in the gold market with fiat currencies, with every country printing like crazy, every country now cutting rates like crazy, right. We have a rate cutting cycle from just central banks all over the planet. This looks like gold is headed to eight to $10,000 an ounce. The only question I think is timeframe and that means the miners are going to explode higher. They are so cheap here. Silver today down $0.10 an ounce at 31.87 an ounce. Copper down three pennies a pound at 433.

Crude oil, slight rally today, up thirty seven cents a barrel at 70, 76. Tyler put out a great update this morning on another energy source, nuclear and uranium. And what’s happening there is so many major mega cap tech stocks are now financing and funding and building their own nuclear power plants to fund their data operations. So that is a story that is really going to, we think, gain a lot of credibility and popularity in the weeks, months and years to come. We think uranium stocks are really going to benefit from this. We’re long there as well. Finally today, bitcoin. What did bitcoin do today? A challenge.

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It was over 68. Over 68 and then lost its win. But it’s right now, as I speak, just barely over 67,000. That is where support should be because that’s where the breakout was. So what was resistance now becomes support. This is tech textbook technical trading, though if it stays right here. Again, the supply demand story. A bitcoin, you can’t find one that’s better than that.

Again, they’re only mining 450 coins a day and they’re buying thousands of coins a day. This won’t last long, folks. This won’t last long. And that’s why our price targets are so much higher. And that’s why you’re aggressively long bitcoin and recommend buying it every chance you get. All right, folks, that’s it for the day. Hope you had a great day. Better night.

We’ll see you back here again tomorrow after the close.