In today's episode, Kip covers an eventful market week, which was capped off by the Nasdaq reaching an all-time high ahead of next week's major tech earnings reports. He also discusses his recent interview on Wayne Allen Root's show and dives deep into the meteoric rise of Tesla. Join Kip as he navigates through the broadening market action from industrials to tech stocks, precious metals, and miners—highlighting the bullish trends that point to an ongoing vibrant bull market.

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 good day today. Hope is fantastic as well. Wow. We’ve got a lot to talk about. It’s been a very good run here, folks, has it not? And we think it’s going to continue.

Even joining us here then you know why we think that. I just want to tell you Nasdaq hit a first all time high that it has since July 11, 7 11. Way to join the party, Nasdaq. And of course, guess what happens next week. That’s why Nasdaq hit all time highs today because next week all the biggest tech mega cap tech stocks report earnings. So this market is getting ready to go to the next gear. At least that’s how we see it with these tech stocks. So the market, it’s been like a bouncing ball.

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We have the industrials are hot one day, one week, the next week the tech stocks are hot. Next week precious metals and miners are hot. That’s called broadening action. That’s what that’s called, broadening action. It’s textbook bull market action and it continues to happen here. And there’s nothing about this except it is bullish. Know that. But also I just want to tell you I just finished up getting a little late start here today.

Just finished up doing interview with Wayne Allen Root with his show at the Root reaction. It’s going to air several times. First time it airs tonight at 10:00 Eastern on Real America’s Voice. Hope you watch it. I think it was a pretty good interview. We’re all a little self celebratory because we believe, we know that in an honest election this thing should be over. Now we all know from 2020 and 2022 that you can’t capture chickens. We’re not doing that.

But I think if this is, if they, if they rig this one, it’s going to be different than 2020 because this was a slam dunk because Harris is such a horrible candidate. Biden would do better. I think people walking on Biden would have done better Harris. So you know, they’re having some regrets about that. But anyway, hope you can watch watch me on the root reaction this weekend with Wayne. Wayne’s the best. We go back over 20 years and he was celebrating a little bit. He owns a lot of Tesla stock.

[00:02:12]:
It was up 25% this week. He owns a lot of precious metals and miners of course, all time high after all time high. He owns bitcoin which of course he’s made a lot of money in. So you know when Wayne’s portfolio is doing well and as he’ll tell you, we are his financial advisor, when his portfolio is doing well, Wayne’s in a much better mood. And I like Wayne when he’s in a better mood because you know his initials are war, right? And you know, you don’t want to be on the wrong side of Wayne when he’s in a warring mood. I will tell you that. So. All right, let’s get to it, folks.

Again, I hope you had a great week this week. Dow Jones today was lower by 250 points. It was the drag today, but really it was by itself down 6/10 of 1/ Point percent. Everything else was either up or pretty much flat. S500 was flat roast 2000. Russ 2000 was down 4/10 of 1%. Nasdaq again up 103 points. All time high again next week.

Big week. All the big boys in the world of tech announcing earnings. Of course, we had that yesterday from Tesla day before yesterday. So Todd and I have been talking about that a lot this week. I just tell you that just Tesla from announcing earnings On Wednesday, the two trading days since then, the stock is up 25% in essentially two trading days, adding $160 billion in market cap to the company, making Elon Musk, who was already the wealthiest man in the world, even wealthier. And so he’s on the Trump train again. What a great setup. The world’s wealthiest, probably most respected tech guy of our time.

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I think you probably would have said that before. It would have been, it would have been Apples guy, right? And I’m not talking about Tim Cook. It would have been Steve Jobs that been, I think now you ask anybody, it’s, it’s Elon Musk. And there’s just, there really is not a close second. He’s an incredibly special human being and he’s on the right team. Remember, he voted for Obama. He was a Democrat. The Democrat Party pushed him out.

If you don’t know the story, I’ll just share it quickly. This is fascinating and it shows you how stupid, how idiots the Democratic Democrat Party is, which of course is really the state capital. S Right. But they’re so stupid. They had, this was last year in D.C. they had an E Big EV, a global EV conference. All the leaders of all electric vehicle companies were invited. But because Elon Musk had started saying good things about, about Trump and because he started knocking censorship and things, that Democrat because They didn’t like the way he was speaking about them.

They didn’t invite Elon Musk to this big EV conference. Everyone’s there going, hey, that’s great. Where’s, where’s Elon? He’s the leader. 90% of all electric cars sold are his. Where’s the guy like, oh, we didn’t invite him. Wow. How short sighted is that? They deserve to implode. They deserve to have look, the only way.

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And we need it. We need a healthy two party system. We absolutely do. But we have to. The only way the Democrat Party is not Democratic to stop that. Okay? It’s the Democrat Party. We’re not Republican credits, right? They are Democrats. They want to be called.

They want to be the Democratic Party because it sounds very close to democracy and they like the ring to that because of course, nothing could be further from the truth. You know, these are communists. Forget socialists, these have gone, they’ve gone right to communist Bill. And in private moments they’ll tell you that’s what their objective is. Their actions, of course, tell you that exactly every day. But the only way we’re going to have a healthy two party system in this country is if the Democrat Party of today completely implodes and is blown out of the water. Let’s make this election where that happens. Because I’m a lifelong independent, right? There should be two parties.

You know, anytime you give one party all the power, which is about what’s to happen to the Republican Party, because the red pilling of America is extraordinarily real. We know it is because it was a landslide election in 2020. Right. So that’s happening. But anytime you give one party all the power, bad things happen. History is replete with these examples. You do not want that. That is not ideal.

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Matter of fact, it’s anything but ideal. So. But the only way we’re going to have a healthy two party system, a healthy Democrat Party, is for this party to be wiped off the face of the earth. Can I get an amen, brother? I know you’re all there shaking your head, so let’s hope that that’s what happens and we get back to some normalcy in this country. And you’re these morons communists trying to take over America. Let’s, let’s put them out of their misery once and for all. But again, Tesla, what a story. Okay, and again, he’s on Team Trump now, is he? Musk is a pro, pro, pro, First Amendment, pro Second Amendment.

I mean, my gosh, what a story this is. So we Got Musk, we got Tulsi Gabbard, we got RFK junior. Look at all the talent. And these are good people, right, that want the best for this country, for their children, grandchildren. Wow, what a movement. Red pilling of America. It’s one of our five big bribe megatrends. It’s one we put in the book.

And red pilling of America is happening. It’s not just America. It’s happening all over the world. This is a huge positive. It’s one of the reasons we’ve been so bullish in the markets, because this is happening. So let’s get, let’s get to it here again. Tesla has had a great run. We believe the run continues.

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I wrote it up this morning. Look, Tesla. Yeah, it’s up 25% in two days. Does not matter. The entire market cap of Tesla is still only about $850 billion. Right? That’s way too small. This should. Today, in my opinion, the market cap of Tesla should be $2 trillion.

The stock should be more than double its price right now. Close today at 268, $268 a share. Those had a really good run, but we think it’s just getting started. In five years, this stock will be a 10 bagger from our cost basis. In other words, this stock will be more than $2,000 a share in five years. Frankly, I think it could happen in three years and I think it’s going to have a really strong run to the end of the year. Watch how this stock is trading. Short covering is taking place big time yesterday and today.

We know that because the stock barely budges on the downside. There are bids for it. They’re sitting on the bid. Big money sitting on the bid, buying everything they can from sellers. And we know that hedge funds, their largest short position is Tesla. Can you believe this? Hedge funds are not the smartest guys in the room ever. And they are guilty of groupthink suicide as what I wrote up this morning. That’s what’s happening.

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Groupthink is disastrous for your investment results. And these guys and girls on Wall street and hedge funds, they all practice it because they’re all too chicken to make a big call. I mean, frankly, that’s what it is. So. And we don’t care. You know, we’re here, we’re two guys in Texas that make the calls based on what we believe is going to happen. And we back it up with good research and very specific predictions. If we’re wrong, we admit it.

We take our lumps. We happen to get most of the calls right, don’t we? And we think Tesla is one of those calls. So, yeah, short squeeze is taking place. The other thing is institutions realize they own way too little of this stock because this stock is about to go to monster run. Tyler covered this in depth yesterday because it’s so much more. First of all, Tesla was never a car company, it’s a tech company. And now it’s so much more than that. It’s AI, it’s robotics with Optimus.

And what’s going to happen there is Musk said this is going to be the biggest product launch and largest, most successful product launch of all time. The robotics, the Optimus division. And then we’re talking about what’s happening with their robocabs. Cyber Cab is what they’re going to call it, Robo Taxi. And that’s rolling out fully in 2026. But it’ll be already on the streets now, but they’ll have in Texas, California next week, next year, along with ride hailing. So cars are fully autonomous that you can have if your own private taxi fleet, if that’s what you’d like to do. So again, there’s just so much and then AI, of course, so much happening here.

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Pounding the table on Tesla happens for some time. What a great story. And now we get to root for the guy in true fashion because of what he stands for. The only other thing I want to talk about today really is that the broad market, you know, so many people are nervous and worried right, about the market because of the election. And we understand that. But folks, I tell you, it’s everybody we talk to, everybody thinks it’s something bad, an October surprise is going to happen. Well, listen, October is almost done, right? We’re almost there. By the way, Monday is the most bullish day of the year.

I forgot to include that in this morning’s letter. So I think this rally today in tech stocks, again, NASDAQ all time high and then next week, all the big tech earnings coming out and the big day on Monday, I think we’re ready for what it could be a significant substantial melt up, move higher from here and if Trump wins, look out above, because so many people don’t own stocks because they think the market’s going to collapse because they don’t trust who’s running the show here with Biden and Harris or whoever. Is this the state we know they’re not running anything. They never have been. Right? It’s the shadow planners, whatever the shadow government running it, the deep state, if you will. But once Trump is back in office, and I don’t think he’ll have to be in office, I don’t think it would be inaugurated. I think once this election’s in the bag again, knocking on wood here, this market’s going to skyrocket. It already has been, hasn’t it? We’ve had six straight weeks up today.

This week was down, but again NASDAQ was up, hitting an all time high. And so we think we’re headed in the right direction. We think that that move continues and accelerates post election. Again, we believe we’re in the innovation revolution. We believe we’re in a very similar period to we were at the 1920s, right where the roaring twenties. And now we’ve got an innovation revolution and a bull market that we think is going to continue. Wait till investors return, wait till they sell all their seven six and a half trillion dollars they have in money market funds and instead put that money in stocks. You see, I’m talking about folks, we haven’t even had an IPO boom yet.

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We haven’t even had a mergers and acquisition boom yet. Right? So many things that happened in the 1995-2000 melt up, the dot com melt up haven’t even happened yet. We’re not seeing people quit their jobs and go home and day trade. That hasn’t happened yet. Have you started getting into your Uber or Lyft or your taxi and have your driver give you the hottest stock picks? No, all that happened 95 to 2000. Those are the signs that say it’s starting to heat up and we haven’t even started it yet. So the point is don’t dawdle. Right? Be long and strong in this market and we believe you will be very happy that you are.

All right, let’s, let’s just, let’s move right into the internals today. Let you get on with your weekend. Again. Not, not a great day today really anywhere for the internals. But again, we’ve had a big run here as far as the internals advanced. Decline today was negative for Both NYSE and NASDAQ. Not even 2 to 1. Negative.

Slightly negative. Volume for NASDAQ was positive by 2 to 1. Big volume, big volume gains today for tech stocks. That’s a good sign. NYSE volume was negative by about 2 to 1. But again the 52 Kai’s lows came in at 215 to 124. We’ve not had a single day from the August 5 lows. Those were the lows for this little pause we had for the summer of shakeout we had.

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We’ve yet to have a single negative day. And new 52 highs lows again. That’s this is the strength. The broadening action is taking place. A rising tide eventually lifts all boats. It’s an old, old, old cliche. It just happens to be true. And our sector watch here also not great here today we had, what is it, seven sectors finished lower, four finished higher level.

Downside of utilities down 1.4%. Financials down 1% to the upside. Communication services hit an all time high today again. Tech all time high today up 610 of 1%. Just saw a headline come across. All right. Washington Post not endorsing a Democrat this year. Imagine that.

Right? Jeff Bezos apparently axed that. What else today commodities again we got, we covered this week with you on the very investing system. We hit extreme overbought levels on both the miners, silver and gold. It was just time for a pause. And if you following us here, we’ve been sharing that bullish channel in gdx, the gold miner ETF and how that has played out perfectly. What a great trading vehicle that’s been. And so we are looking forward to buying back into GDX for our parabolic options program. We’ve been crushing it there by the way.

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And again these repeating patterns are really playing out. This is the best trading market of my career. I don’t believe there is a close second. And it’s not, it’s not. We’re just getting started here folks. This is a good time to stay locked in. Generational wealth is being built. Make sure you’re one of them.

Gold today back up $11 an ounce again just barely even a pause here. That’s how strong gold market is. 2760 an ounce, up 11 bucks today, up a half percent. Silver slightly higher today up 8 cents. Still so strong. $33.87 an ounce. Copper today was up 4/10 of 1% at 4.36 a pound. Copper is going to scream higher as well as global demand continues to surge.

Copper and silver going everything, don’t they for the innovation revolution. And crude oil today up $1.50 a barrel at 7,168. That’s up a big 2.2% today. And final today, Bitcoin. Bitcoin last 67,156. Hanging in right there at that support level. Now new support at 67,000. We’re looking for a monster move higher in bitcoin into year end.

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This is a buying opportunity in Bitcoin again. 67,152, down 1 1.5% in the last 24 hours. All right, folks, that’s it for today. Hope you had a great day. Hope you had an even better weekend. We’ll see you back again Monday after the close.