In today's episode, Kip Herriage examines the "Trump Doctrine" and its anticipated impact on economic growth and market dynamics. He outlines three megatrends—laissez-faire governance, low taxes, and deregulation—that he believes will fuel a prolonged bull market and pressure global markets to adapt. Kip also highlights some recent standout performers, like Tesla, Bitcoin, and Super Micro Computer, while providing insights into seasonal trends and the potential for a Santa Claus rally. Tune into today's podcast to learn more

Don’t look back because the market is closed. Good Monday afternoon, everyone. Kip Herriage here with the VRA Investing podcast. Hope you had a great day today. Hope Thanksgiving was fantastic as well. Got to see family and friends and have a lot of turkey and dressing as what we did. And pretty stuffed right now, as a matter of fact, from that. Had it again for lunch today, finished it off.

But anyway, I hope you had a great Thanksgiving. There’s so much to be thankful, don’t we? And especially the way the selection turned out. And that’s not a political statement. That’s just a statement of honesty, what’s best for this country, because we’re certainly going in the wrong direction. We see even more of that, don’t we, with the Biden pardon of his son hunter going back 11 years. So the criminality of this family really is extraordinary. But we do have much to give thanks for. And it flowed over in today’s trading as well.

[00:00:52]:
First of all, what a month. November was 6% for the SPF 100, Dow Jones up 7.5%, Nasdaq up better than 6%. Rust 2000,000 was the winner. Small caps up 10.7% for the month. And again, we got some followers through here today. We’ll talk about that more in a moment. You know, we also, as you know, been pounding the table on a couple of things, been pounding the table on Tesla, been put on the table on bitcoin. We don’t talk about all our positions on this podcast because it’s not that wouldn’t be fair to our subscribers that pay to see that.

But we do tell you, we’re pat on the table and something from time to time, and we’ve been doing that with bitcoin and with Tesla, both finished up better than 38% for the month of November. I think that’s a microcosm of the gains that are going to be happening in these two investments going forward. Matter of fact, pretty confident about that. When we pound the table on something doesn’t mean we’re going to be right, but it means it means we believe in it and that our work backs it up. And that’s what we mean by pounding the table. And if you know us over time, you know that when we make those calls, they generally speaking, turn out to be pretty good calls because again, we use discipline. We only make those calls when they should be made. But and this is still one of those times, but we’re in a very, very good seasonally, seasonality picture now for the markets.

And that’s really really the case for small caps. It’s really case for tech and semis. We saw that today and the semi has had a really good day today finishing up smh a super microcomputer which has been all over the map since being added to the SP 500. I think that that marked the top the high there was I believe 120.122 yeah 122.90 and then it went down all the way to a low this year of seventeen and a quarter. That happened in a hurry today got some good news. There have been allegations of fraud. We don’t really own the stock directly but kind of follow it because again it’s a semi tech and you know semi detect, you know. So it’s also been very important to what’s happened since the July 11 top and the semis where they’ve been really decimated but create created a great looking sharp pattern.

[00:03:17]:
Anyway a semi today event semi today was up a super computer. What is this thing called? I never get rid of super microcomputer apologies SMCI. It’s right there in the symbol SMCI super microcomputer up now 30% on the day back to 4250. So that’s good news for certainly that but also good news for the semis today. SMH the semi ETF today finished up 2.2%. Our another ETF we we own aggressively is the three time leverage semi ETF soxel which is up today just right at 7% right now as we trade had been up as much as almost 10% intraday. But again the chart looks really good there. So I and I think again seasonality wise we’re in a very very bullish timeframe.

Obviously you know we told you well we’ve called this a melt up bull market. A red pilled melt up bull market from the very birth of this of the bull market 10-13-2022. But also when we publish our book the Big Bribe, you know this has been our ongoing theme is that this would be a meltable market. So far so good. You know we have back to back years SPF 100 up 20%. That’s going to pale in comparison to what’s coming. Understand this just because we’ve had two incredible years I know we’ve all gotten very jaded and we’re so used to bear markets following bull markets that you know the pessimism levels are still high. I know this because I hear it from you.

I certainly hear it on social media here my God. Talking to people over Thanksgiving, family and friends, people are like, so how much further can, is this the top? I mean, people aren’t believing this. And so what they’ve got is, I think, a very short memory of what Trump’s presidency would have been like had it not been for the pandemic. Okay? We would have had 5% GDP growth on a regular basis. That’s where we’re going. Trump set it up. The Trump economic miracle. That’s obviously all of that still in place.

[00:05:18]:
Biden was not stupid enough to change any of that. He only added to the tariffs against China. Okay. And again, he really attacked very few of Trump’s executive orders. Now, he did, of course, in the oil and gas area. But, you know, he, they recognize that this was, this was, this is the way and we’re just going to get more of that. So that’s really, I think what people should be focused on is, especially with Trump’s cabinet picks, you know, these are, as we’ve been talking about you over the last, since the election, these are pro business people. These are laissez faire government people.

They want out, they want to stay out of our lives. And I can’t stress the importance of that because business owners, I speak as a business owner. We have had a boot on our throat. I was debanked at JP Morgan. You know, everyone’s talking about this now. I was debate from JP Morgan in end of 2011, 2012. Pretty sure it was 2012. And that was eight accounts total, both corporate and personal.

We had a couple of kid accounts. Everything. They closed everything for tolerance. They closed it all for college and no reason given. Right? And so, so much of that has happened. Not just the debanking, but the censorship, the attacks against us. Look at the people that have had their careers ruined because they dared question the pandemic or the, or the jabs. The number of doctors that had to leave their practice or leave their hospital forced out because they wouldn’t back.

[00:06:50]:
This, this, this, this clot shot that is now, you know, obviously it’s, it’s killing people everywhere and making people very, very sick. And, but lives have been ruined. And so that’s, that’s what I think people really should focus on, is that this is, we’re going into a very different era now. You don’t have to be paranoid about returning to the days of your, where, you know, you had to flip a very, very specific set of rules and including politically and if you got out of your box, you could be targeted. I can, it’s happened in every industry, folks. So this has acted as a boot on a business owner’s throat, right? And if you own a business, you know exactly what I’m talking about because you’ve had to be very careful about how you run your business, what you say, how you hire people, everything has changed. You’ve not been able to focus exclusively on growing your business, the shack, but the shackles are now removed. That’s what people I think aren’t focused on, that they should be.

This is why we spend a lot of time talking about this and writing about this. And this is when I say this is going to be an economy that Alphas will destroy evil, just demolish your competition. That may be Betas, or maybe, maybe they’re the old system guys, right? They got used to working in that. Those confined boxes under an Obama and a Biden presidency, even George Bush, by the way, but nothing like this, of course. So, you know, the shackles being removed are going to allow Alphas to go out there and absolutely crush it. And if you’re a business owner, by the way, you’re an Alpha. So that just goes without saying. But having these shackles removed and being able to focus on grow, aggressively growing your business, while at the same time Trump is doing this in D.C.

i wrote this up this morning and I think what no one’s talking about, that they should be, is that what Trump’s win will do, not just for our markets, not just our melt up, but what it will do for the global markets. You know, I’m calling this the Trump Doctrine, okay? And basically that there are three powerful megatrends converging in the US and this, this will result, and this is how I’ve written it up now for since the election, this will result in the greatest economic growth and most powerful bull market the world has ever seen, creating massive wealth and prosperity potentially over the next two decades. And it could be longer. But it’s the combination of, let’s just say the Trump Doctrine, which is basically laissez faire, let governments get out of your life like it’s supposed to be and go kick the Trump doctrine. Plus the Trump economic miracle, which of course is low taxes. We’ll get more of that, right? Tariffs, we’re going to get a lot more of that as probably more as a stick than anything else. And third is, of course is deregulation. And we saw so much of that in Trump’s first term.

[00:09:58]:
I think we’ll see more this time. This is going to be, if you’re this is going to be really fun time to be a business owner. We’re going to make a lot of money as a business owner. If you, if you see what we see and certainly if you see what I say, at least I’m writing some, most of these words, but I know Tyler greets me on this. This is gonna be a very, very good time to be a business owner, especially if you’re red pilled. Because now, again, I keep saying this, but the shackles have been removed. Understand this, this is gonna be, this is gonna be a lot of fun. But what’s also gonna happen is because of these changes, this is, this is revolutionary that’s coming in the US Government.

It’s going to happen globally as well. Trump’s win has set the stage, yes. For the US to decimate the global competition, because it will, We’ve already been doing it. Look at the global stock markets, especially throughout Europe. Look at their returns. I mean, my God, they’re, they are melting away. They’re literally melting away. This is a global story, right? But you know, you see what’s happening in El Salvador and you see the freedom taking place in that country.

That’s a very small microcosm of what is happening in the US and so it’s going to put this enormous pressure on governments all over the world. I’m thinking again, specifically about Europe because they’ve completely gone woke, they’ve completely gone dei, they’ve completely gone socialism. And they’re getting close to crossing that line into something worse than socialism. But they’re there. And the growth rates and their lack of growth rates and their stock market performance, it’s showing it. And so unless they want that to continue and they want to really melt down their entire system and maybe that’s, maybe that’s what they always plan to do. You know, maybe that’s how they introduce communism. Right? That’s, that’s the deal, right? You know, you tear down your economy, you make people desperate enough to, they’ll take anything so they can feed their family and put a rope over their head.

[00:11:50]:
We’ll take any controls you put on us. Please, just make things, Let me feed my kids. Right? But Trump now is reversing this because we are going to crush these other, absolutely demolish these other countries that compete with us. Understand what’s about to happen. This is going to be magical for the US growth rates. GDP is going to surpass 5%. I’ve been saying 18 with 80 within 18 months, the US GDP will surpass 5%. You know, what? That’s me being conservative.

Way too conservative, frankly. It’s a little chicken shit, if I’m being honest. I put that on Twitter. It’s not 18 months, folks. It’s 6 to 12 from the time Trump is sworn in. Within 6 to 12 months, US GDP will be annualizing better than 5%. We’re right. This morning the Atlanta Fed came out with this 3.2%.

I mean, the economy is again, because the Trump economic miracle economy is already strong. We’ve talked about this more than pretty much anybody else has in the US but watch what’s about to happen. And it’s that end result that again, other countries better wake up, right? Because we’re going to eat their lunch even more than we’ve been doing. And that’s Trump’s tariffs. That’s why they’re so. Anyone that’s telling you that Trump’s idea to use tariffs is a bad idea is clueless about how negotiating works, negotiations and a global economy works because all these other countries have tariffs against us. Are you kidding me? How do you not know this? Right? Especially, you know, countries like China, but many in Europe, you know, had these ridiculous tariffs against us. Anything that we wanted to sell in their country, we had to be ridiculous tariffs and they would have come in scot free.

[00:13:29]:
So again, we’re going to have a riding of the ship, if you will. And the end result is it’s going to be great for us, it can be great for the rest of the world, but they better adapt fast. Countries that do will reap the rewards almost immediately because they’ll see more favorite trade with the United States and the rest of the world. Right? But maybe the ECB doesn’t let that happen. Maybe the ECB’s got to go. It almost certainly should. I think it’s been a horrible experiment. I don’t think there’s any question about that because again, how it’s implemented, right? It’s really always been about control and about putting people in boxes so you can control them even more.

And that just destroys growth. That’s why the US Stock market has been the place to be. As much as maybe we lost some of our free market system, we were still the only game in town globally as far as a leading country that still had a system like this, at least in some degree. And we’ve always kept that. Our corporations have made sure that that would be the case. But countries that don’t adapt, they will shrivel and die. It will be a. It will be, it will be.

They’ll have they’ll, their economies will sweep to the point that they will have revolutions in their country. Could you take away someone’s money? Obviously now, now you’re talking about people getting really upset. And so as their economies continue to shrink, that is going to happen. So this Trump doctrine as I’m calling it is our macro theme that we’re most focused on. And look I, we always have a lot of news listeners. Let me just in case you don’t know this, the macro is it if you get the macro right, all the rest falls into place. Right. My history getting the macro right is pretty good.

[00:15:11]:
Called the. I got, I got my clients out of the market four months before the dot com top which is also retired and left Wall street in late 99. I got my clients out of the market saved in tens of millions of dollars in losses they would have had had they stayed in because we are heavy in tech, heavy in Nasdaq stocks. Then beginning in 2007 on stages around the world with wealth Masters, I began warning about the housing crisis that was coming in. Financial meltdown. I compared it to what happened in Japan when they had their housing meltdown is almost exactly what happened in the US I know a lot of people did not get extended on real estate and they were ready for the, for the stock market crash that followed because of those warnings. Then in March 2009, I called the bottom. This is again, this is, this is the bottom.

After the financial crisis March of 2009. I’m sitting there and I watched the news come across that banks no longer would have mark to market accounting. They could just mark their assets at whatever they wanted. I said bottom. I was talking to Carl Bessie at the time, my old partner in wmi and I said, we were on the phone, I said, hold on. I said there’s the bottom, there’s the news. That’s what the banking system needed now. They basically can price their assets wherever they want.

And that’s the bottom. And finally that was it. The market turned and we went aggressively long with our very subscribers. We absolutely crushed the market over the next six months. We made 600% in six months. I’ll never forget. 607%. All right.

[00:16:38]:
So yeah, I’ve made a few good calls. Of course you may remember from another book I wrote the. What’s the name of that book? Crash Proof Prosperity Becoming Wealthy in the age of Trump 2016 predicted he would win. I was the one that named the Trump Economic Miracle. I gave it that name. I said what it would consist of and it consists of exactly what we’ve always said, tariffs, tax cuts and deregulation. And so that’s what that, that’s the reason the markets are going up as they are now. It goes all the way back to 16 and Trump.

That’s why Biden can never take credit for it. Even, even as bad a liar as he is, he couldn’t, he couldn’t say with a straight face that I get credit for this, because he knew he didn’t. And then of course, the Last one was October 13th of 2022, when Todd and I called the bear market bottom on that day on this podcast. And then a big ride at the next morning. We recommend the semiconductors aggressively through their leveraged ETF. We bought that at 11, it hit 70. So we had gains of 600 and something percent at one point and we’re taking some profits here. Now we’re back in the position even more aggressively.

Again, the semi to bottom here. I believe that’s the case. Again. That’s why we’ve been saying it’s a pound the table buy. But again, getting the macro right is everything. And this is what the new macro is. It’s the Trump Doctrine, everything we just talked about here. But these three mega trends converging right now together, along with the megatrends from a book, the Big Bribe.

[00:18:02]:
This is the innovation revolution is combining all of this. Are you kidding me? I don’t know how everyone, honestly, I do not know how everyone doesn’t see this. And I’m just shocked that they don’t. You know, I’m just shocked that they don’t. And I guess it’s a really good thing because that gives us an opportunity here. Okay. And you have to know that we have been aggressively on this market with the, the VRA account and Tom, and it’s been a phenomenal run. But again, the key is it’s not ending here.

No. To people that are wondering, is this. No, this is just getting started. This is the beginning of this big move in the US and in many countries globally. Again, certainly those that take part, we are getting back to past 5% GDP growth and it’s going to continue. Just a reminder, Cathie Wood Ark. I mean, she takes a lot of heat for some of her stock picks, but, you know, that’s her weakness. What can you say? She got a whole team of people, they should be better.

They’re not. They’re not. Okay. But what they are good at, they are good at getting the macro. And they’ve been talking about about the same time we started talking about the, this innovation revolution. They don’t call it that, that’s our name for it. But they were talking about basically AI is their theme and what it’s going to mean for global growth. And their numbers are astronomical.

[00:19:24]:
Kathy woods and team, they’re talking about GDP of better than 10 to 15% GDP growth for maybe three decades. So this is, look, I think it’s hard not to be excited about this. Not just because it’s great to make money in the markets, it obviously is. But you know what else? It’s, it’s good. It’s good beating Wall street, is it not? It’s good being right, especially when so many people are so negative. I don’t care about being right. I just know I want to be right and I know the reasons I want to be right. And so it’s not an ego thing with me, it’s a pride thing.

And look, this is what I do. This is our job to help steer you in the right direction and let you know we’re buying for our own account. And so if you get the macro right, the rest falls in line. And I love the fact that I’m a dyed in the wool contrarian because I think that’s probably why I see some of the angles that I see that others don’t see yet. I’ve done this for so long, gotta learn something, right? I made every mistake in the book there is 10 times. But when I finally learned something, I actually learned something. And I think now the key is to be disciplined. We are gonna reach peaks where we’re extremely bought on steroids.

You’ll see us taking profits there. We’re not perma bulls. Okay, but you know, I don’t even know what perma bears exist for anyone. They’re obviously here only to grow their list. That’s just what they’re. Because they’ve helped no one make money. All they’ve done is cost people money. And look, there’ll come a time also where the majority of people believe what we believe.

[00:21:00]:
The sentiment will change and we’re not there yet by the way, if you’re in greed index at 67 today, but it will change. If I had to guess, I’ve said this before, I’m going to say it again. If we’re going to have a short term peak, how perfect would it be that had happened on inauguration day. Talk about a perfect setup to go short the market or just take some profits because at that point everybody and his mother is going to be Bullish. The stock market will have been rocketing higher. Right. Assuming that we keep going up, which I believe we’re going to. And then everyone’s talking, all the media is talking about every day about Trump’s policies, what they’re going to do.

Oh yeah, this will actually will be a positive for the economy. Look at the stock market. It’s an advanced indicator. Right. It’s telling, it is discounting it. Right. And then everybody gets in, their mother gets all in. And we have a perfect short term, not long term, short term, top on inauguration there or around.

Just around there. So you know, you know what? I, if I’m already thinking about this, you know what we’re going to be looking at next month? I think inaugurations of January 20th, you know what we’ll be looking at then, Right. I think that got that date. Right. I don’t remember. January 20th stands out. But anyway, we get at least a month. You’re ready for it.

[00:22:19]:
This is a great time of the year. December is the best month of the year in every year. Like not just election years. This is the best month of the year in every year. So, you know, we’re also, by the way, on track to have a very. Look, we’re up 26.4% going into today. Right. So 26.8% now or something like that.

If we just had an average gain. Well, this will be the best year ever. The top. No, I’m sorry, that’s not, that’s not true. The best return ever I think I saw was 31, 32%. So yeah, we’d have to have a, you know, 6% run here in the month of December. Well, we just had that, didn’t we? He just, we just had that in the, in, in the last month in November. So.

But we had, have SV100 has had six years with gains above 27%. That’s going back 50 years. Okay. To 19. What is it? I actually thought this data went back to 1954, but I think it’s 70 years. But again, seasonality is great here. There’s no reason. We’re not even reaching extreme overbought on steroids yet.

[00:23:30]:
Now we’re starting to get a little heavily overbought. But this is that run. This is, this is that run, folks. This is that run. This market wants to go higher and I think it was good sharply higher this morning. We focused on a very letter focus on the semis back hit this 200 day moving average on Wednesday. Every time that’s happened over the last, over the history of this bull market from again late 2022, that’s been the buy signal. We hit it again on a Wednesday and tagged it.

Went by through it about a half point and then back up again. And again the semi said I had a good day, good looking chart. The fact that the market kept going up without the semis going up. Matter of fact they actually went down from again July 11 highs still 15% below the all time high of July 11. Now semis again we’re up 2% today, so still 13% below the all time highs. Talk about a group that’s ready to run. That’s a group. And then also like the miners here, they also by the way tagged the 200 day a couple weeks ago and have rallied, you know from that point.

Great looking chart there as well. Love that story. You know we love precious metals story. This is gonna be the bull market of bull markets for precious metals and miners. All right. Okay, let’s get to it. The internals here not day today. Tyler and I are having our pre podcast meeting.

[00:24:48]:
And yeah, when I first checked the internals today, you know, especially with NASDAQ being up the way that it was and the semis being up so much, I thought the internals would be really solid. But again just real quick, S500 day was up quarter percent. NASDAQ up 1%. Dow Jones down 310 of 1%. Russ 2000 down just fractionally. But again semis today up 2.3% on the day. But when I saw these internals I was pretty shocked. NYSE first of all was negative not by large amount.

Advanced Decline negative by 300 issues. Volume also negative almost by a. What is this? Almost by. Almost by a billion shares. It was one and a half to one negative on nyse. Again that’s not a huge, just you know, it’s not a huge number reading but I expected more today. I really did. NASDAQ today was positive.

Fans decline slightly positive volume even more. Pot one and a half to one positive for Nasdaq. You would expect even honestly we’d expect better than this with the NASDAQ up 1% today. So that’s, that’s what, that’s why I was surprised. We did have a, a big win for the new 52 highs lows came in at 382 stocks hitting a new 52 week high to just 119 hitting a new 52 week low. And now the sectors again. Right, this is the surprises. Okay.

[00:26:10]:
We had nine sectors finished lower, three sectors finished higher. Led to the downside by utilities down 2%. Real estate down one and a half percent. To the upside communication services of one and a half percent. Consumer discretionary up 1% as well. And our commodity watch, you know this Sunday night is when these, these, these manipulators like to hit gold. How often has this happened? Right now look, gold is still just a little bit away from all time high. It’s 2661.

So just 100 bucks an ounce from all time high or whatever. Less than that. But you know, they hit it on Sunday nights. They love to do it. It’s a terrible way to start a week, especially if you’re a gold bug like it did. Rally back today. The lowest 2644 finished date 2661 down 19 an ounce. Silver today, just down a little bit, down 12 cents an ounce at $30.98 an ounce.

Copper today, flat on the day at 414 a pound. Crude oil also pretty much flat today, up 16 cents a barrel. 68.16. And finally Bitcoin. Bitcoin today. Look, we wrote this up this morning. I would encourage everybody to read or to watch the video that Michael, Michael Saylor did, of course, of MSTR, MicroStrategy CEO. He posted an online video, three minutes of the presentation he gave to the Microsoft board of directors and to CEO Satya Nodella.

[00:27:42]:
And this is incredible. You can’t watch this enough, especially if, if the, if the bitcoin lingo, it’s not something that comes secondhand to you. It really doesn’t to me. But he’s using it all in this, you know, he’s got his own language, his own bitcoin digital capital language as he calls it. And it’s very fascinating. We, we, I retweeted it also of course in our, in our letter this morning. So watch that because like this is a great time to own bitcoin. Tyler just reminded me that we’ve got another in the big typical bitcoin having cycle.

We’ve got like another 200 days or something before the top is typically in place. On average we’ve had, this is the fourth having we’ve just had. We talked about this ad nauseam. What a great time after, after the first six months after having. That’s when you want to buy. That’s when the most explosive move happens. And we just saw that bitcoin up in November, 38%. Tesla was up by, by a fraction of a percent more than Bitcoin was in the month of November, both up better than 38%.

Wow. Right. And you know bitcoin, look, it’s. We told you last week it had extreme overbought on steroids and that we, we be. That’s when bad things happen. It just is. And I thought it was 100,000 and then I thought here came the seller. Well, the sellers came but I think you, they just, the buyers did not have the energy to even get it to a hundred thousand because so many were shorting it.

[00:29:07]:
This is a very popular strategy. A hundred thousand is a big number. The shorts are lined up there because they knew there’d be a lot of profit taking. The buyers should be exhausted and this is a great opportunity to kill it. Well, they hit it to 19,000. That’s not that much. Right? It really didn’t. As Valentine’s just says, that’s nothing.

And now we’re back to 95,276 right now on the day. Down a couple percent on the day. But this is a great seasonality. Great time to own it again. It hit extreme robot. Let that shake out a little bit. This is what’s happening now is the coiling process. This is now the energy is building again for the next big move.

And I think because of this again there might be a struggle getting it through 100. It may take a little while. I kind of think it will. But once it’s through 100 and 100 becomes the new base. Look out above. I think they move to 150 will be lightning fast. Will bitcoin get a little cheaper first? Sure, maybe. Don’t know.

[00:30:04]:
But I know this much. I don’t want to be out of it the next big move. I know what it’s going to be and it’s going to be, I think a rocket ship. Once a hundred becomes the new base. That may take a little while while, but once a hundred comes a new base. Rocket ship to 150 again. Our cycle high is 250,000. That’s been a three to four year cycle high.

That can happen a whole lot faster than I thought too. All right. What an amazing story. And we got now the bitcoin president back in it. Wow. It’s going to be a strategic reserve for bitcoin. You kidding me? This is going to be insane. Folks know this.

And now you have options. You don’t have to have a wallet buy bitcoin. You can do it through the ETFs. We use ARKB. Cathy Woods Bitcoin ETF. Although as I wrote last week, I think we’re going to be Forced to change and I hate having to do this. I didn’t think this through and I, I, I just, it just escaped me that we wouldn’t be able to use options trading for hedging or cash flow purposes. Selling covered calls in Arkb.

[00:31:03]:
They do not trade those options trade, but they trade by appointment only. Right? And that’s, you can’t, you can’t hedge, you can’t use for selling calls or puts. You can’t do that with. When options don’t trade. The spreads are crazy. It’s, I really miss this. Okay, my apologies because we’re gonna have to take a gain now. Tax gain we would not have had to have taken had I picked the right one first.

I did. Look, IBIT is the one we’ll be transitioning to, okay? Transition. Every time I say that word I think about, I think about Bruce Jenner, but for some reason. But we’ll be positioned to transitioning to iBit. That’s the BlackRock Bitcoin ETF. Look, we didn’t use BlackRock because I don’t like BlackRock and I don’t want to make them even wealthier, more powerful. Okay, that and we like Cathie Woods. That’s just a loyalty thing.

But boy, I tell you what, it really does for those of us who like to sell covered calls. And my name is in that air for that. First, for certain situations like I just did this with, I did actually sell some covered calls with Arkb as an experiment just to test the waters and it took three days to get filled and I missed out on a lot of the hedge I would have had I got them in place. Now I have to buy back at some point. How’s that going to happen, right? Or I’ll lose my position. So anyway, a lot lot to think about. But ibit, that is the ETF we’re going to be using. I don’t know why they priced it the way they did.

[00:32:34]:
The price right now is 54, 20. Bitcoin is 95,173. Why is this saying See, see, ARKB matches up almost exactly. Matter of fact, it’s very close to actual bitcoin. If you look at it multiply times a thousand, there’s a price that’s not the case. Ibit. I’m sure they did it for a monetary reason. I just, it’s stupid.

It should absolutely match the bitcoin price. Now you have to use conversions. Tyler talked about this last week. Anyway, it is what it is. All right, folks, hey listen again, welcome back from Thanksgiving. We’re now in the month of December. And I know that a lot of us are going to be kind of checking out, if you will, about the midpoint of the year. It’s two weeks away.

So let’s make it happen. And let’s, let’s, let’s get ready to crush the Santa Claus rally. Let’s stay locked in for the Trump Doctrine. That’s the new. That’s the new Kip Herridge. Right? That’s my new macro trend. That’s the one. And it’s going to be magical.

[00:33:30]:
All right. All right, folks. Have a great night. Always appreciate you. Listen, we’ll see back here again tomorrow after the close.