In today's jam-packed episode, Kip covers a significant milestone that began with J Powell's surprisingly dovish speech at the Fed's Jackson Hole meeting, which led to a big rally from the small caps and an All-Time High from the Dow Jones. Tune in for all this and more—including actionable insights on what sectors to watch, where retail investors are leading the charge, and why staying long and strong could be the best move you make this year.

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. I’m going to try to keep up with Tyler on this one. If you saw his podcast yesterday, of course his video podcast, this is not going to be as good as that. The work he does with charts and really the deep dive he did yesterday into monetary policy, into money supply, breaking it down in exactly what it means as to why we’re not going to have a resumption of inflation even with M2 money supply being at all time highs. I thought his rate of change conversation was was a good deep dive that I’ve actually never done before.

I didn’t know he was going to go down that road. It was a great cash yesterday. Good job. Tyler also tells you we start this before we start talking about all the good news today. There’s a lot to talk about. Is there? Jay Powell got it right, didn’t he? This is going to be our last podcast for a while. We’re going on a fishing vacation. Me and the boys are for about a week and we’ll be out from so we’re leaving Monday but we don’t have a cat.

[00:01:07]:
We’ll have a VRA letter Monday morning but no cast afternoon and we’ll be back on Tuesday the 1st. I don’t know if we’ll have a a cast that day but bottom line we’ll be gone for a week and then we’ll be back here for a few days after that. We’re going to the Yukon Canada and visiting Snowline Golds massive deposit there that they discovered. That’s going to be a fun trip. We’ll be there for a few days but we’ll keep you up to loop of course through our updates. We have staff, Josh and Danielle staying behind us here though. They’ll hold down the fort. Anything that needs to be talked about, you know, we’ll find a way to get it out of course but.

But we do intend to be away for the whole week and it’s a good time to do it is it not? It’s a good time to do it especially after what happened today with Jay Powell finally getting it right, you know, although he got it right for the wrong reasons. I’ll talk about that more in a moment. Talking about the Dow Jones today at all time highs finishing up 846 points. As big as that sounds, it was not a winner. A winner was Russ 2000 small caps up 3.9% today, big, big move there is that bull market really just kicks off. What’s all behind this? A very familiar phrase from Marty Dwight and it takes on new meaning today, does it not? Don’t bite the tape. Don’t fight the Fed. You don’t bite the tape is a pretty clear one.

[00:02:29]:
Look at the tape. It’s it. We’ve been in a big bull market for some time now and we don’t want to fight that. Don’t fight the tape and now don’t fight the Fed because the odds are. Now I just checked this CME fed watch tool has it at a 91% probability that the Fed’s going to cut rates by a quarter of a point at their September meeting, which is only like three weeks away now. So, yeah, don’t fight the tape, don’t fight the Fed. I think that, I think that this move. I had a lot of questions today.

Oh, you’re going to be away. What do you think? Is the market going to hold up? I do, I know that September has got bad seasonality. We’ve been talking about that and we’ve come a long way in a short period of time from the April 7 lows. But today was a game changer because throughout this week with the, the tech wreck we had, mini tech wreck we had this week, you have a lot of bears that have been loading up. And this didn’t just start this week, folks. I, and I know these people, the people that really lean heavily on seasonality really thought they’re on to something here. They thought that Powell was going to be at least if not, if not, not hawkish, but maybe not as dovish as people thought. And they thought with the move we’ve had here, that September was going to be a rough month again.

[00:03:42]:
September of 20, 20, 20 we’ve talked about here was a horrible month. So it’s not that we didn’t understand what they were saying. It’s just we don’t believe with the direct, we don’t agree with the direction that they believe the markets are going to go. They thought short term, they had a really good opportunity to hit this market, hit hard. And it looked like they may be right on Tuesday and Wednesday, a little bit of Thursday as well. And today just destroyed that complete argument for the bear. So the point being these bears are they’re going to take a while to unwind their positions. They didn’t want to cover today because they think, well, it’s today’s move, it’s Friday, maybe we’ll get a resumption of the move lower on Monday and Tuesday.

In other words, they’re looking for opportunities to cover their shorts. That’s going to add fuel for the fire right to the long side. So I think for, for a lot of reasons we’re out of the woods. Not that we really ever in them. I’m talking about really about seasonality and short term in nature. I think we have smooth sailing ahead. And so as far as us being out of town for a week, I’m not at all worried about it. We’ll put out one last letter on Monday morning, kind of let you know what our thinking is as we’re away because again, we have, we are aggressively long this market.

[00:04:56]:
The last thing we want to do is leave town and have something bad happen. And then you would leave everybody, you know, just wondering, holding a bag like, what do I do here? So, but again, even as aggressively long as we are, I don’t know that we own enough stock. Again, we’ve been the biggest bulls on Wall street on and off Wall street from publishing the big brag and bribe in August 2022. There’s been no one more bullish than us. And we’re not going to change that to now. Again, I think that as long as we are and as aggressively bullish and excited we are about this move higher, I think that even, even there are times even we underestimate what’s about to happen here. I’ll cover that more in just a moment as well. Everything pretty much jumped higher today.

I have to, before we talk about, about Jay Powell, I have to give a big shout out to Rich Ross, the, the quant, the, the cft, the, the technical guru at Evercore this week. I believe it was Wednesday. It was Wednesday that Ross put this out. Ross said, I’ll read you his quote here, at least part of it. Ross said that this, the week’s tech wreck, was a head fake buying opportunity. I saw no one else had phrased it just like that. That was a brilliant call from Ross. He stepped up.

[00:06:16]:
He remains super bullish. He had been bullish at least through Nvidia’s earnings, which are the 29th of this month. And he extended that he thinks this move higher is going to continue. Of course we do as well. Look, all we got to do is get past the seasonality period of September and you know, early October, which is of course crash month. But again, we’ve got new reasons to buy now. You got people now. Now you’re going to see the public, right? Besides the retail investor that has been aggressively long here buying every dip.

Now you’re going to see the rest of the public, like the public that votes in the AAII investor sentiment survey that are swamping bear, swamping bulls. It’s the craziest thing. We were as reported I think yesterday before we were five days away from all time highs and bears were like 40% to bulls, 29%. It just, it just tells you how early we are in this bull market cycle. That is not the investor psychology. Hear me on this. That is not the kind of investor psychology that takes place at market tops. That’s the investor psychology to take place at market bottoms or when you’re very early in a bull market cycle.

[00:07:27]:
What, what do I mean by that? Once this bull market reaches a long in the tooth face, once this bull market reaches a point where we will start taking profits. First of all, a lot of things have to happen for that to happen. But one of the things we’ll look for is when the market does start to fall and we’re talking about now several years ahead, this is what this is, this is not this year, not next year, in the following year, right? This is 2030ish. Okay? Or longer, probably longer. This is that bull market. Once the markets begin to fall and the, the, the, the, the bears stop stepping up the plate and these surveys, sentiment surveys, right? And the bull, they keep voting bullish, bullish, bullish. Because they’re like every dip’s been bought. We’ve been trained to believe this, right? And this is a repeating pattern to the highest order.

Once, once people in these surveys stop voting bearish. But the market falls 3, 4, 5%. We’re going to get there, folks. We’re just nowhere near that now because at the first sign of trouble, people turn bearish. That is just how early. I don’t think this is talked about nearly enough. Investor psychology is so important to determine where you are in a market cycle and timing for a market timing point of view, where the markets are as well. And I just have to tell you with really complete confidence, this is a high confidence call that we will be leaning on the sentiment surveys like AAII and fear and greedy.

[00:08:51]:
Because when we start having market declines and these surveys just don’t budge, that will be a sign of worry for us. But again, we are light, absolutely light years from that. I want to make you, I hope I made that point clear. I think I tried to. I think you guys know me pretty well by now, most of you anyway. And you know, this is something that we, we look at very closely. Okay, Jay Powell today again, Rich Ross, great call. Jay Powell today when he said this sentence, this is the sentence that got the markets rolling with policy and restrictive territory.

The baseline outlook and the shifting balance of risk may warrant adjusting our policy stance. That was the sentence that did it. That’s when the market said, okay, he’s flipped a bullish, he’s made the pivot at Jackson Hole once again, Jackson Hole is infamous for this. These pivots happen a lot at Jackson Hole. This is now, I believe, either the third or the fourth pivot that Powell himself has made since he’s had the job since 2018 when Trump did appoint him and put him in the, in the, in the seat as Fed Chairman. This is, I believe, the fourth time that, that Powell has used Jackson Hole to make a pivot. So I guess, should we be surprised that he pivoted here? No. But as you know, look, we’re not fans, we’re no fans of Jay Powell.

[00:10:08]:
All right? We’re, we’re as far from that as you can be. For years now I’ve been calling on, on television, on Fox Business and on Wayne Root shows. I’ve been calling and in a podcast and, and how many letters have said this, the Jay Powell is the worst Fed chair of our time and he should have resigned a long time ago. Honestly, it was after the plandemic, you know, when this guy with the amount of money being printed following the plan Demic and Jay Powell still saying one month, this is, if you’d forgotten this, this is, this is not a joke, this is not hyperbole. This is what happened. Jay Powell went from one Fed meeting say, saying there is no inflation to the next Fed meeting saying, remember these are monthly Fed meetings. The next monthly meeting saying, okay, we have some, some inflation to the next meeting saying, and inflation is transitory. It will be transitory.

Yeah, we have it now. And others trying to cover his butt for missing the two previous months. In the third month he says inflation will be transitory. And then what? Within two months of that, inflation was roaring, right? Ultimately hitting 41 year highs. So again, after that, Powell should have, should have, should have stepped down. Honestly, not that he’s going to as a cush job. Every economist, that’s the job they want eventually in their, you know, in their ideal world. So there was no way he’s going to step down, but he should have at least been a lot more humble about it.

[00:11:37]:
And that’s when I really started. I think my anger and bitterness toward Powell really Started becoming. I became more vocal about it because there was very little humility in this guy. Dude, you just made the worst call of any Fed chair in history and you can’t even apologize and show some humility from this. And that’s just not who he is, you know, And I guess Alphas, you know, if he is an Alpha, you know, you never say, you never apologize, which, by the way, I think that’s complete bullshit. If you’re, if you’re a grown man or woman, you’re a grown person, grown human being. And if you make a mistake and you can’t apologize because you think it makes you look weak, that makes you look weak, right? When you screw up, admit it. Ask for forgiveness so you can, you know, let people know you’re.

You’re actually a human being that has a normal ego and a normal mental setup. Otherwise you look like, honestly, like a psycho to me. And I know a lot of megalomaniacs would probably disagree with that. I just don’t care they’re wrong. I’m right. I think you all know it. When you make a mistake, complain people. Americans are great because we want to forgive you.

[00:12:47]:
But first tell us you screwed up and asked for forgiveness. Pal just could never do it. Anyway, he can’t be gone soon enough. Thankfully, it looks like at least he stepped up and done kind of the right thing. I give him credit for that. But again, I have to completely disagree with the reasons that he said he. They were cutting. Powell says there are risks to employment that are rising.

Powell says that the balance of risk warrant the balance of risk from the economy warrant policy adjustment. Let me be very clear here. This was more nonsense, nonsensical talk from Jay Powell. The. The. We couldn’t disagree with this more. We are in an early innings of a generational bull market that’s going to see rates plummet because disinflationary forces are building for the innovation revolution. That’s what innovation, massive innovation does.

[00:13:45]:
It brings down the cost of everything. It replaces things with cost, things that cost less. So no, he shouldn’t have cut, as he says, because the risk of unemployment is rising. And no, he shouldn’t cut. He shouldn’t cut because the risk to. The balance of risk on the, on the economy warrant policy adjustment. That’s not right at all. It’s just that we don’t have inflation.

We’re not going to have inflation. He’s got that call wrong, which is why he had to say what he said again, because he can’t admit he made A mistake. As a reminder, in addition to disinflation and maybe even deflation that we see building for the innovation revolution. We look for GDP growth to surpass 5% within like 11 months now. Okay, because we first started, I first started saying this two months ago. So 10, 11 months. I think within four or five months. I think by year end GDP growth could be 5%.

We’ll see. Again, we’re going to have a new head of the bls, right? Bureau of Labor Statistics, maybe this guy get under the hood and find out the mistakes they’ve been making because they are not reporting the economic data correctly. It’s just wrong. We know it from the people we talk to. We know it from the companies we work with. We see it in the data that makes the most sense. We certainly see it in the stock market, do we not? So yeah, GDP growth in 5%. We see 10 year olds falling below 3%.

[00:15:08]:
That’s going to take some time. Again right now, 10 year olds, 4.26 but it won’t take that much time. And then 30 year mortgages being sub 5%, that’ll be a 2026 story. A 30 year mortgage will be less than 5% next year. We’ve already come down a fair amount. What are we now? 6.4%, I think. Right. And we just had been 7%.

So we’re going the right direction. These, these interest rates are really going to plummet lower as people realize Jay Powell was wrong about it all. He was wrong about it all, you know, and yet, hey, if I’m wrong, I’ll admit it and I’ll apologize to you, okay? But if you followed us for a while, and I say, I do say this in humility, but I think it’s got to be said. I mean, I think, I think, I think there’s nothing wrong with stating a fact. We get the big calls, right? We tend to get the big calls, right? And that’s because, I mean, I’ve done this 41 years. My instincts are pretty finely tuned for making every mistake in the book the first 20 years. I don’t like making mistakes anymore. I’m a little older now.

They hurt more when you make them. And we have a lot of people that depend on us to get this shit right. So we work very hard at it. We keep our nose to the grindstone, if that’s what the saying is, or ear to the, whatever the saying is. I think you know where I’m going with this. We work very hard to try to get these stories right. And we take it very seriously. So that’s, that’s, that’s.

[00:16:23]:
Anyway, Jay Powell. Hey, you know what, good for you. You made the right call. Now question becomes, and this is really a story I look forward to hearing a lot more about going forward. How much of this credit goes to Donald Trump? I mean, has he not been bringing the pressure to bear on this guy and the entire Federal Reserve setup? How much of this credit for Pals? U turn. And that’s what today was. U turn. This is nothing like what he said at the last Fed meeting, is it? What made him change his mind? I think Trump gets a lot of this credit.

I think most of you listening to this do too get. Trump loses once again. I mean what this streak that Trump is on as far as winning, you know, he gets his New York verdict. 500, was it 500 million or something. A ridiculous verdict, completely thrown out. All right, he beats pow here. Pals now bent the knee to Trump and he’s caved and he’s going to be cutting rates next month. And again I had questions people ask me today.

[00:17:31]:
Well, Kips, you know, is a quarter of a point enough? Shouldn’t it be a half a point? Can we really celebrate? It was just a quarter of a point. And I’ll tell you why it doesn’t matter. It doesn’t matter. It’s the direction, it’s the signal that the rate cutting cycle has resumed. Right, this is where we’re going. It doesn’t matter if it’s a quarter or a half point, frankly, doesn’t matter. Anyway, the market leads, the Fed follows. That’s what’s going to happen next, folks.

You’re going to see 10 year yields begin to truly plummet. Now they finished down big time today, 4.26%. I hate to make a guess like this because I’m terrible these short term guesses and I’m not really a bond guy. But it’s what it’s, it’s August 23rd, 22nd. I believe that by the end of September the 10 year is going to be below 4% and that by the end of the year we’re looking at 3.8% or better. That’s what I talk about, rates plummeting. And again that’s fuel for the fire for the market, is it not? So look, we’ll get the normal ebb and flow of the markets. Trees don’t grow the sky overnight if nothing’s going to be straight up, we all know that.

[00:18:40]:
But as crystal ballish as this may sound and I wrote this up earlier for in our very latest afternoon, as crystal ballish as this may sound, we’re going to look back years from now and laugh at ourselves that we are ever concerned about interest rates in 2025 because it just never mattered. And we’ll look back and see that. Don’t we do that about most things? You know, they seem like such a big deal at the time. We look back, even a month or two or so, you go, what were we so worried about? What, what, what, what had us all, all, all, all hot and bothered about that. Right? And this is going to be one of those big ones that we are ever worried about. Jay Powell finally acquiescing and agreeing to resume his rate cutting schedule. All right, I think that’s enough about Jay Powell. Do you, do you? I do, I certainly do.

But again, we’ve remained aggressive on U. S. Equities, not because cats were needed, but because we’ve entered a generational bull market driven by an innovation revolution, the Trump Economic Miracle 2.0 and just as importantly, you know, an ocean of liquidity. And again, I am, I’m blown away. This is not hyperbole. I am blown away by the fact that more in the media, financial media aren’t talking about this $22 trillion in MT money supply. Tyler covered this in depth yesterday, okay? All time high, $34 trillion in home equity. Imagine the amount of money that’s going to come not just into the housing market.

[00:20:10]:
As people go, I got all this equity work, I’ll buy another home, right? Not just that, it’s going to come into the stock market. It’s going to come out of housing in a form of helocs and it’s going to go right into all throughout the economy, people are going to be taking vacations. People have been so worried about this that or the other people are going to start taking money out of their home again. A record $34 trillion sitting in home equity. Why is it, why isn’t the media talk about this all the time? I’ll tell you why. Because we’ve had a psyopic negativity that’s been in place for a very long time now. I have my, I have my, my reasons why I think it’s been in place. I’ll tell you, I’ll tell you one of them.

Because I can’t. Otherwise it doesn’t make sense to me. So I always have to look for another reason. The reason that Kip Herridge has been saying about the first person, the reason that Kip Herridge has been saying this for years about a psyop of negativity being in place is because I think the smart money and the big money is like, let’s keep a pe gives, keep people worried. Let’s keep. Let’s keep people panicking about the economy so we can buy up everything we can before they wake up to what’s really going on here. That’s the biggest reason I can come up with. And again, I think it’s a coordinated psychological operation to keep people worried.

[00:21:28]:
Now, there’s another reason for it. We know that the more people are worried about their own life, the less they’re worried about what the DC criminals are doing to us. Right. So there are a lot of reasons. But I’m telling you straight up, and I’m more confident about this than ever. There’s been a slap of negativity in place that is now going to start dissipating. Trump said it. It’s a golden age.

I think a lot of people have woken up to that, but I’m not sure they have from an economic and a financial point of view, which is why there’s all this money sitting in home equity loans. People think things are going to get worse, I should go borrow money. Things are going to get. Shit’s going to hit the fan. That’s all going to start changing. That’s animal spirits, boys and girls. That is the turn of animal spirits. It’s the very definition of it.

Look it up in the dictionary. You see this, this picture and this definition. And once that starts, we see nothing yet. We’ve seen nothing yet. We’re talking about an economy. That’s why I say 5% GDP. I’m going to be on the low side. I’m going to be on the low side.

[00:22:36]:
We’re going to see a true market melt up. Look, pretty good move from the April 7 lows, right? Pretty good move. 45% NASDAQ, 30% SB 500. Not bad. No, it’s pretty damn good, right? That is going to be Nothing. I think 20, 26 could be. Do I, do I, do I even dare say this? Not a prediction, right? I would not be surprised. I kind of half expected.

So I’m saying. So it now becomes a prediction. Okay. I think that the S P 500 next year is going to be up 40 to 50%. I think Nasdaq next year could be up 60 to 70%. I’m talking about a melt up. I’m talking about a true melt up. And I can tell you that Very few people, as in none are prepared for that.

But this, all the money, 22 trillion empty money supply, 34 trillion in home equity. The fact that 40% of people don’t have a mortgage on their home, the fact that 70% the home equity is at 70% of Americans have 70% of their home in home equity. Right. And when people start to get less worried and they start to open their eyes to the lies they’ve been told and to the magic that Donald Trump is working. Oh my God, I’m on again. I’ve said it before. Say it again. I have my issues with him.

[00:24:00]:
What person do we not have some issues with? Right? That’s the thing about the Trump world about maga that I think I wish they could have a wake up calls a little bit. You can disagree with somebody on short term tariff policy and I did. It was horrible. The rollout was pathetic. He realized it and that’s why he turned immediately and put the pauses on. Okay, I was right. The maggot that called me a turncoat was wrong. I’ve been right about these death jabs, these poison jabs.

No doubt about it. Was there ever a doubt? Not really. There really shouldn’t be one now if you’re paying attention folks, this is bad news, right? And so I, I, I even hate to belabor that point because it’s so negative. And you know, if you read manifest your destiny, you know, you want to work on positivity and you know, putting out there which you want to see happen in your life, right? Manifesting things you want, not the things you don’t want. Right? The more we think about something bad, the more that’s going to happen. So I don’t want to see anybody get in trouble for these vaccines. And so I really have just tried to. But again I, I disagree Trump on the saints, but I put that on my mind now because I’m so focused on these victories that he’s putting up.

[00:25:10]:
And it is just, it is, it is astonishing. It is. We are so fortunate. How fortunate are we to live through a time to have people like Donald Trump and Elon Musk with us in, in our time is, it is just unbelievable. And so look, I’ll finish this on this point and I’ll wrap. It’s pretty good wrap. I think as we’ve said for a long time, as was in the big bribe, we had the worst 20 year period in the history of America post 9 11, which was an inside job. I won’t go through all of it because it’s so negative.

And again, I just, I’m in a great mood and I think we all should be for what’s happening in this country. What a great, what a great time to be an American. There’s never been a better time to be an optimist. This is that time right now. But after the last two decades, the two decades we had to go through after nine, 11, are we not due, Are we not due for a wonderful run of a decade or two? Hell yes, we are. And I really believe that’s what’s happening here. And again, more and more people start to wake up. That’s when you get these massive moves higher.

[00:26:25]:
We think it’s going to make dot com look tiny in comparison. Okay, if you’re new here, if it sounds like you’re listening to a crazy person. Well, I may be, but we’ve been saying this for three years, so at least we’ve been, we may be crazy, but we’ve been consistent about it. Okay, so again, you know, again, trees and grow the sky. Overnight, we’ll have our. We’ll get overbought, we’ll get extreme or bought. We’ll take profits. We’ll, we’ll see our, our VRA system indicators start to tell us, okay, dial it back a little bit.

Take a little money off the table, you know, with our leveraged ETF program, take profits. We just did that in housing. That may wind up being a mistake, but hey, we made 59% in five, six weeks. So again, that’s what that program is for. We trade leverage, etf, because that’s what they’re meant to be. They’re meant to be traded. They’re by and large not meant to be held. And in our, in our 10 baggers, at some point, we’ll take profits.

I mean, at some point, though, they’ll, they’ll reach our goals of being a 10 bagger plus. And then we will sell. I just don’t know when that’s going to be, you know, Tesla today, for example. What, what, What a day. Look at this. Tesla finishing at the highs of the day, up more than 6%, up 19, 20 bucks a share. At 340 bucks. Right.

[00:27:37]:
I just, I’ll include this chart in Monday’s letter, but I just updated the Tesla chart. And if you remember, at 329. Okay, that’s 340 now. Okay. At 329, which it broke out of a week and a half ago, that was a breakout. Okay. Of this beautiful asymmetric triangle is actually, there’s a Fancier technical name for it, but it had a measured move of that breakout of 598A share. That’s the measured move from this long term technical breakout pattern.

Well, what happened? Tesla fell down. What? Hit a low of 319 this morning. It was $10 below the breakout point. And if you look at this very tight triangle of Tesla, you’re like, okay, it’s, it’s, it’s, it’s smaller, smaller. It’s converging, converging. You don’t want to see it break out the wrong way, do you? But, you know, it held, it held well below a level that would have been a reversal. And now it’s right back, $11 a share above that breakout point. And you talk about a stock that’s going to go on a magical run, man.

I’m not alone. I know there are a lot of Tesla bulls out there, but also a lot of people that don’t like Tesla. You know, it’s kind of love it or hate it kind of a stock. But look, it’s another retail favorite. It is the retail favorite. Retails had this bull market, right? Retail’s been buying every dip and exactly right to do so. That’s us, by the way. That’s us, meaning all of us, okay? We’re retail and we’re actually the actual smart money folks because we got this right, and we got Tesla, right? And I won’t, I won’t say our other 10 baggers, because, you know, we would like you to come join us and I on this podcast.

I always, I always assume I’m just talking to our VRA members here, but for those that aren’t with us, can I ask you a question? Why aren’t you with us? Every day we put out letters that we write all of this. Tyler and I write every word. Every podcast we do is based on our work, our research. Now we beg, borrow, and steal from others, okay? That’s called research in our business. Not plagiarism, called researching what we do, right? But again, we follow about 10 people that we really trust and that we like their work, and it makes sense to us. Other than that, what we, what we do, what we write, what we say, it’s our own work, okay? As opposed to these scores and scores and scores of newsletters that pop up every week that are AI generated, they are complete AI. There’s not a person behind them. They’re written and generated by AI, Right? And it just.

[00:30:06]:
Most of them are just. And they lie. They lie about returns that just are non Existent. Don’t get me started on Agora and their plethora of new letters under their umbrella. I mean, I cannot tell you the number of people that have joined us here that, that, that listen to these, these clowns at Agora. Not that they have a couple letters that are pretty good, but they got like 40 of them. You know, they’re billion dollar operations. So you know, look, we, we, we would love to be that big.

I guess not really. I don’t want to have that many subscribers. I think although we’re growing and we’ll continue to, it’s going to be a measured, it’s got to be a measured growth for us because we love the connection. And I mean I still reply to every email that I get, every text, every dm, when I say every, you know, there’s some sit through the cracks. By the way, if you’ve emailed me or whatever and I haven’t got back to you, send it again. Never, never hesitate, send it again. I just missed it. Meant to go back to it.

Forgot, whatever. But we love the fact that we have this, you know, this, this smaller feel with, with the community we’re close knit with. And that’s why, you know, Sam, youngest son’s joining us now just after we get back from our trips to Alaska and into the Yukon. Sam’s going to be joining us here. And this is something we’ve been, that I as his father have been planting the seed up for a long time. I always knew they’d both be here, of course I did. But you know, it’s, it’s like the Trump organization. I, I want, I want every kid and every grandkid.

[00:31:31]:
I want everybody possible in my family working with us here and that way we can, we can, we can handle the growth better. Right. And do it the right way with people that are, you know, kind of, kind of made in our image, if you will. Right. But I don’t even know how I got down this road, but. And we love what we do and we appreciate you very much. Oh, but I was talking about membership. If you’re here and not a member, we have a two free week trial, number one.

So there’s really no excuse. Come try it out. Vrainsider.com and then, you know, as far as the membership cost, unless it’s something you just can’t afford, you know. Yeah. On the, on the high end we’re a couple thousand a year and then we have a parabolic options program which is three programs a year, you know, is that maybe add another 14, $1500 or whatever. But you know, if you’ve got a decent sized portfolio, and frankly I mean a portfolio of more than, more than. If your portfolio is more than 30, $40,000, then you should be with us. And that’s just the way it is.

We’re going to take care of you. We tell you the truth. And we’re, we’re pretty decent what we do. It’s going to be a good year folks. We’re beating the markets and our 10 baggers have really even not started getting going yet. Wait till that happens, okay? Wait till these gold miners. Tyler covered this group yesterday so well. I put out like four charts this morning on the gold miners because this is all coming together.

This is all coming together. Volume is just non existent in this group. Okay, listen to this. Over the last three days GDX has now been up 6.5%. Okay? Volume today was 19 million shares in GDX, the gold miner ETF. Now you may not have the perspective that I do, but because I’ve, I’ve traded this group for so long and invested this, these companies for so long. I remember years where you wouldn’t have volume less than 80 million shares a day and where the average volume was 150, 200 million plus a day. And now we can’t get this, this group can’t get more than 20 million shares.

[00:33:43]:
The average 10 day volume of volume here is 13.9 million. It’s just non existent. The entire market cap for GDX is 17.6 billion. The point being when the serious money starts showing up here and I keep waiting, waiting, waiting, I don’t know why it hasn’t. But when the serious money starts showing up here, we’ll know it because the volume will start, it’ll be 50 million, 60 million. Then all of a sudden 70, 80 million shares a day. By then GDX is going to be complete parabolic. It’s going to be straight up, Phil.

And the stocks that we own, people will be clamoring to buy them at five times higher than we own them. Now that’s coming. How about if you’re with us here, that GDX to Gold chart that I shared this morning, that’s called parabolic people. That’s the definition of parabolic. And when the miners are leaving the underlying metal like this, there is no better indicator. It’s like tracking the semis to the SPF 100, that relative street sharp. We always talk about the same thing here with GDX to gold again we’ll reach a point where two of a bot is going to have a shakeout. We’re just not there yet.

And you know gdx now is 61st time. It’s been over 60 ever by the way and all time high. Finally after 2011 hit a high of 6068 today. But you know the chart says 63.64 on this move on just on this channel move. It’s a brilliant looking channel has developed here in gdx. Not perfect. Very close to it though. And I think that you know, on this move we’re going to 63.64, then probably have a shakeout and then we, then the, then the channel expands and then we start you know, going higher as it broadens out.

[00:35:28]:
But folks, this is so early. It’s just so early and we’re going to make an absolute fortune in this group. So stick with us here for, for our gold miners and junior gold miners and the whole group etc. As you know, we’re big physical gold and silver fans. Not so much fans of paper. We don’t like paper at all. But if you don’t own physical gold, buy phys. Right? Phys is the physical gold etf.

And they must, according to the company charter, they must buy gold when new money comes in. They must buy physical gold when new money comes in. Phys. That would be the one to look at if you don’t want to hold physical. I don’t have one of those for silver. I’m sure it exists but we’re 80, 20 gold to silver. All right, that’s. You know what I wanted to get.

This is pretty cool too. I got have to do a quick. We’ll get to the internals now because you’re going to want to hear this. Let me do quick get my calculator, my old school calculator here. I’m an old school guy. Let me do some quick math on this. I’m talking about the up volume today for NYSE toddler. Be glad to hear this too.

[00:36:41]:
We were going back and forth at the close because it kept bouncing around back over and back below 90%. Final read 90.9% of volume day for NYSE. That is a breath thrust. That’s confirmed. Breath thrust. The great Walter. What is his last name? Walter Deamer. Walter Deamer will be tweeting about this.

He probably already has. Right? You know what, give me a second here. I got, I got to check and see if Walter says about this. Walter’s the go to guy for Walter. There he is. He’s the go to guy for a breath thrust. Let’s see what he’s got today. Oh no, he hadn’t posted on it yet.

The last one he did was two hours ago at 92%. I’m sure he’s putting that, that, that, that, that, that text together now but this will, this is a confirmed breath thrust. Okay, that is another very bullish signal by the way. Let me check Nasdaq. Nasdaq was 86% at, at the close. Let me see if that got updated. These do often. All right, quick.

[00:37:54]:
Okay. Nasdaq finished at 86.1% up volume day but again that’s. That, that should not be depressing to you. That’s a fantastic day. But a confirmed breath rust from yc. Just another reason to be long this long strong this market and of course small caps. I mean my goodness, this is, this is going to be. We own TNA which is the three time leverage small cap ETF.

It’s got to go up another 36% just to get back to its 52 week highs. It was up today, what was it say? 12 I think. Yeah, 12 today. So it’s got to go 36 more just to get back to 52 week highs. And then we start talking about some blue sky territory and all time highs. Right? So again there’s a lot of money to be made in this market folks. A lot of money to be made in this market. Rest of the internals today.

Volume today also very good. Nine and a half to one advanced decline for nyse. Nine and a half to one. That’s, that’s a, that, that’s, that’s garlic right there. NASDAQ 5 to 1 also garlic strong, 5 to 1. And then we had today 524 stocks, just 54 hitting a new 53 glow. We had no stocks in the NYC to hit a new 52 week low. And why would we.

[00:39:09]:
You don’t want to be the lone loser on a day like this, right? In our sector watch today also garlic strong. We actually had one sector finished lower. Consumer staples. Now why would consumer staples finish lower? Because everybody’s like why did I buy the staples? Why did I buy the staples? I should have been buying all the momentum groups, right? Anyway, consumer staples, the only group finishing lower. Toilet paper is not going to be needed in a bull market that’s going at least not for emergency purposes and stocking it up. Right? Not in a big bull market like this in the roaring 2020s. And that’s what we are folks. We’re in the roaring 2020s consumer discretionary today led the way.

That’s the winner up 3.1%. Energy up 2%. Communication services essentially tech up 1.8. Again tech up 1.6. Great day all around. And then semi today which I’ve not reported on SMHS my ETF up 2.3. You see textbook here up 2.3% with S P 500 up 1.5% and NASDAQ up 1.9. Textbook day semi sleep tech.

[00:40:14]:
Tech leads a broad market. This is a textbook day. And by the way Tyler taught me this yesterday. Going into today we had back to back to back days with decent to good internals on days that the market was getting hit. That was a tell time to cover the strategy. That was a tell. You know the internals. That’s why we track them so carefully because and closely because they do give you a good sense of what’s really happening underneath the surface.

And they really set. They set up today very very well. Again rust 2000 today up 3.9%. Big, big move higher coming in small caps and and it has to does it not? You can’t have a massive bull market if the small caps don’t participate. It’s like you. That can’t happen. That just can’t happen. A rising tide lifts all boats.

Small caps are that last boat being lifted. So again long and strong this group going to be a fun. We own a number of small casts plus TNA going to be a very very good run for small cats. Coming up folks back melt upville. When they go, they go. You know what I’m talking about don’t you? All right, what else today Commodity watch again another group that’s going to be great. A lower rates to be great for. In addition small caps, tech semis, interest rate, sensor groups, housing of course which will be forced to buy back probably higher than we sold it.

[00:41:31]:
Gold today up 1% at up 34 bucks. Announced at 34 16. What is that about 100 bucks away from all time high silver up 2% today it’s ready to go at 38 38, 3835 an ounce. Copper today up 410 1% at 446 a pound. Crude oil today up. What was this? Crude oil up 410 of a percent at last trade 6375 a barrel and finally Bitcoin again up 4%. Said right at 4% today. You know it loves to shake people out, get them all worried and then people come back to life.

Go okay. It’s just bitcoin being bitcoin 117,000. Last trade going a hell of a lot higher. Total market, market cap now for Bitcoin is 2.3 trillion. We’ll be having this podcast in the not too distant future. We’re talking about that. Mock that. That total market value market cap of Bitcoin being $10 trillion.

Just remember that we said it here, because that day is coming, too. All right, folks. Hey, that’s it for today. Hey, we’ll be gone for a while. As I said, we’ll miss you. Check in if you need the office, they’ll be here for you. And we’ll see you back in just over a week. Have a great weekend, an even better rest of your week, and this podcast is a wrap.