In today’s episode, Kip unpacks a whirlwind Friday filled with dramatic moves in interest rates, big swings for gold and the stock market, and a heated discussion about the credibility of government jobs data following a high-profile firing at the Bureau of Labor Statistics. He also offers his sharp perspective on how political maneuvering might be impacting economic reports, gives an update on the red hot IPO market, and makes a bullish case for gold and Bitcoin. Plus, Kip breaks down why he believes this is only the beginning of a generational bull market despite the headlines warning of recession and shares some actionable investing wisdom you won't want to miss. Tune into today's podcast to learn more.

Don’t look back. The market is closed. Good Friday afternoon, everyone. Kip Herriage here with the Daily VRA Investing podcast. Hope you had a good day and a great week as well. A lot happening here, folks. A lot happening. It’s important stuff, I believe as well.

Got some direction change taking place in interest rates maybe because of the jobs report today. We’ll cover that. Trump fired the head of the BLS. Record keeping for BLS was gone today. Good riddance.

[00:00:27]:
Does anyone, has anyone, like we haven’t for years, has anyone trusted the jobs data? Remember under Biden how ridiculous reporting was? This is the girl that ran it under Biden. Trump fired her today. Good. Because this report, all those reports, I’m telling you straight up, are full of, there’s nothing trustworthy about them at all. If you’ve ever read articles, but you can’t believe, if you read an article, you can’t believe this is actually how they do it. Various companies, various states report, you know, it’s all collated and then you, you get time to, it’s time to, to report it to the government and you find out, oh, okay. In this report, five states didn’t get the reporting in time for their own various reasons. I mean, this is just, in today’s world, a day of days filled.

AI right. And Doge and all the things we could do. Technologically speaking, the way that we compile the data for these job reports is completely, it’s untrustworthy and that’s being kind. Right. So all of this has to change. Trump is rooting all of this out and I’m sure he’s going to be abused about this. You know, they’re going to say, you’re taking out Biden. Got to put your guy in there.

And look, you know what? You can’t, you can’t control what people say. All you can do is do the right thing. And I think that’s exactly what he’s going to do here. It’s very, very good news. But the markets did tank on the, on the jobs data today. Also late afternoon. This is really when the market started getting hit was we had this word of Trump’s post about moving to nuclear submarines in the, I think he called it the right direction or something to deal with Russia possibly and Medvedev and threats he’s making. I don’t really know that story very well.

[00:02:02]:
As Tyler said, this felt like posturing to us. So I, I, I think, I just know it was heavy on the market today because we had a very Good mid morning rally coming in. I was like, you know what? I wouldn’t be surprised. This thing goes positive. It’s just so much strength this market. We’ll talk about that in a minute too. Again, let’s talk about Tyler today because speaking of my boy Tyler was on the Swap Financial Network today to do a segment on Apple. And you know we, we don’t, we don’t have a, we don’t own Apple, we don’t have a buy record, we don’t have a cell, we don’t, we don’t follow it.

But Charles Schwab reached out to him. Tyler’s of course been on that show several times or I guess several shows several times on SWAB Financial Network, which is really very well done show and network because they don’t have any of the politic stuff. You know, Bloomberg’s gotten better. But you know, I look, I love Fox Business because Charles Payne, otherwise it’s very political. CNBC is just goofy as can be. I, I have not watched CNBC since the pandemic. I, boy, I don’t boycott anything. I boycotted CNBC since the pandemic because they were so in on it.

It was the complete propaganda network. And I just said, you know what? I just I, you’re, you’re gone. I don’t need you in my life anymore. But the network is good and they do good work and so it’s great that they were having. Now Tyler’s a regular on there. But yeah, I thought he did a great job of covering Apple. I learned a lot from it. And look, could, could, could, could Apple wind up in the VRA portfolio? Sure it could.

[00:03:32]:
Sure it could. I think it had to get either a lot cheaper or it’d have to be some kind of a breakdown in the market where everything got cheaper. I think we’d have to see something happen. But they are getting close. Tyler covered this well today. They are getting close to turning this thing around as far as AI is concerned. Look, their, their business is still, is still rocking and rolling. Of course everybody’s got an iPhone and it’s 50% of their business.

So. And their servant business killing. Anyway, Tyler recovered it better than I could. But the VIX today, like The Vix is up 22% on this jobs news. So what, what, what is going on here? Okay, we’ll get into that. Fear Greed index plummeted. Today it was 73. Last week it’s 50.

That’s all it took was just a couple of days of weakness here especially Mostly today. Right. That’s what you want to see as a contrarian, that is exactly the action you want to see. Put golf today very elevated. Not, not, not extreme so, but elevated. It’s a Vix, up 22%. That gets your attention for sure. And again, I think the, the, the, the Russia nuclear deal had a little something to do with that too.

[00:04:42]:
Of course. Gold today, a big gold, up like over 50 bucks an ounce. We’re loan like a hundred dollars an ounce from all time highs. And I gotta tell you, you know, I cannot stress this enough about gold. In case I forget to say it later, you have to own gold. But you know, we’ve said this since 2003, secondary letter recommended gold. And we’ve never took it off, taken off the buy list. We’ve never said sell it.

We’ve always had a buy on it. We’ve always used it instead of saving fiat currency. Folks, if you’re wondering if that’s what I personally do, that is what I personally do. I keep very, very, very little money in cash or money markets. It’s either in the stock market or it’s in gold and silver and Bitcoin now of course, right. I want my money working for me. And I don’t want to be exposed to the Federal Reserve printing the shit out of the US dollar turning into a shitcoin, which is what they’ve done, down 50% since 2012. You believe this, right? Our own currency.

And people think that they’re being smart. I’m not. I want to do this market. I’m too smart. I’m keeping my money, I’m keeping my money in the bank. And I just, I hear that and I go, God, do you, do you not hear yourself? That’s how bad our education, financial education system is. People think that’s being smart and being conservative and being safe. It’s none of the above.

[00:06:03]:
It’s one of the worst investments you can make. Understand this. I’ve said it before, I’ll say this one more time for the, for our new folks here. Welcome to you. We’ve done the work on this many, many times. Trust me, this is, this, this holds up. If you invested $100,000, took all your savings in 2003 instead of putting in a bank account, however you want to money market, CD whatever, instead of doing that, if you put it in gold since 2003, that a hundred thousand dollars today is worth more than $700,000 if you kept it in the bank in a nice and safe and secure right, making 2 or 3%, whatever. That 100,000 would be worth $67,000 now after inflation.

Gold after inflation too. Gold of course benefits from inflation. Our US dollar of course, and cash investments does not benefit. It’s punished by inflation. So you got to own gold. Find yourself a good local gold dealer. Find a gold dealer because it’s important you know these folks. If the shit ever hits the fan, these guys and girls know everybody in your community, in your neighborhood.

First of all, they’re good people to know. These are salty earth people, okay? Finding somebody you can trust so you can walk in, you know, wire them the money or take them a check, pick up your gold. If you store it, you know, in your safe, do that. Or if you have storage for you. We don’t tell you what to do with your own. Only you should, you should tell no one what you do with your own gold, right? But have very, very safe storage for your gold. And again, it stays like today, where the market goes down, you’re like, look at this, that doesn’t really matter. I got all my conservative money in gold.

[00:07:48]:
I came out on the plus today, right? I’ve had a lot of those days of the year spoke. I cannot tell you how much I stress it now for those people saying, yeah, but look at gold’s had, it’s 3300 kip. I mean, you’re telling me to buy it after this monster move. Yeah, that’s what I’m telling you. Because this is the beginning, not the end. Gold will never stop. Gold will never stop going up. It’ll have cycles and all that.

But as long as we have a fiat currency based system, and now all we’re doing is printing more and more every year. We have to to pay the interest. It’s not just us, it’s globally. Gold can only go higher and the demand is so outrageous that again we think on this, our year end price target’s 4,000 again, 3,300 now. But this cycle, I mean this is the cycle that gold probably goes to 8,000, right? Maybe 10 in a crazy world you look at in a true squeeze because again, gold’s been manipulated for so long in a true squeeze where the paper stuff is called and everyone’s demanding physical delivery of their gold. And that is what’s been happening. Then there are people saying gold’s going at 15 or $20,000. Why couldn’t it look at what Bitcoin’s done, right? Why couldn’t it do that? So again, make sure you own gold, own physicals, don’t own the paper.

There, there are some decent options if you want to buy an ETF with gold like Phys, they, they own physical gold. That’s a good option. But I, I, I prefer in case, you know, in case the shit really does hit the fan, you know, we lose power. I want to, I want to know where my gold is physically because that’s when it really pays dividends. If something like that were to happen and in today’s world you can’t, you can’t rule that out, can you? What else today? IPO markets getting red hot again. Again. This is, this is what we saw in 95 to 2000 but it’s just getting started. I wrote this up this morning while we’re on it now, I’ll cover it now.

[00:09:52]:
During the dot com bull over the last three years, really 96 to 99 of the dot com bull market, just a magical time to be right. Tech stocks, you know, screaming higher. But, but we had the IPO market got hot. And what, what did that mean? Well, over the last three years we had 350 IPOs that on the first day, first day of trading were up more than 100%. There were 150 up more than 300% on the first day of trading. I know it sounds unbelievable but I, I, I worked and lived through it. I remember it. We, we participate in a lot of those.

A friend of mine ran our syndicate desk and so this, when I was at Raymond James Renter syndicate desk and I got every good deal. I got every good deal. My top 10 clients were taken care of. I mean this is the way that game works if you didn’t know. And so you got to take the bad ones with the good ones. But they didn’t care. Like give me everything you got as long as I get the good ones. Right.

And so that made business very easy. It was a lot of fun too. But that we, we’re getting back into that kind of a market. But see we’re not, we’re nowhere near it, are we? We’ve had circle, core, weave and fig that have been red hot in the last what, two, three weeks, right? FIG. 200% this week on their IPO more than, but that’s just getting started. So the frothiness of this bull market. Look I, I worked and lived through this. So look, I, I may get things wrong.

[00:11:16]:
This isn’t one of them. This isn’t one of them. If we’re right about this being the next dot com. And again we’ve been on record now for three or saying this is going to be bigger, longer lasting and stronger. For all the reasons, structural reasons we’ve been talking about here, innovation, revolution. The amount of money in this country is unbelievable. The wealth again wrote this up this morning too. If you, in case you think oh we’re, we’re toppy, we’re going to be in trouble.

No, this is going to be a very short lived shakeout. I’ll be shocked if this is more than 3 to 5%. Tyler feels the same way. And we, you know we lost 2.2% NASDAQ today. So we’re, we’re already halfway there. Right. But M2 money supply, I’m sure you’ve heard this by now, M2 money supply is an all time high of 22 trillion dollars. This is just money in the U.S.

Cash and cash equivalents. That’s what M2 is. That’s liquid cash. In banks there’s another seven and a half, excuse me, seven trillion of that 22 is in money markets. And there’s another, I think, I think the brokerage firm money market has about three, three and a half trillion that is reflected, I believe in MT money supply. I need, I need to actually figure that out but it doesn’t matter just record levels of wealth just reigning liquidity in this country and you don’t had even factored in the fact. Well and there’s also by the way 34 trillion in home equity also an all time high once rates come down. That’s what happened today.

[00:12:43]:
10 year down 30, 32 basis points. Folks this is a massive red candle. It’s a huge outside day for yields and for, 10 year, for the 10 year Tino. Massive outside day and, or, or, or you know you would call it massive outside day the other way. I’m talking about yields. 30, 10 year yield fell 32 basis points today to finish at a 4.22% yield. Okay and again on the jobs data. But it’s all about more than that.

The markets I believe know what’s going to happen. Even if pal sticks around and dicks around and keeps his job until May, he should just resign. Maybe the girl that quit today, again, I don’t know this person’s name. Federal Reserve governor actually quit today. She didn’t vote. She’s on the Federal Reserve. Did not vote. Turned a lot of heads this morning.

Why didn’t she vote? And they said she got a family, family something going on. What you can’t, you can’t phone it in or email it In So there were like questions about this right away and now we found this afternoon she quit. She ups and quits, up and quit. And so we don’t know the full story here yet, but that’s someone else that Trump is going to be able to replace with one of his own people. That means another vote for lower rates. There were two dissents, of course, on Wednesday and now there’s going to be another one more pressure on Powell to either resign or Again, this BLS person expired today. Again, this all has direct ties to PO and the Fed. Please hear me on this.

[00:14:22]:
I know a lot of people think that, oh, you know, some people, maybe they include me in this. See a conspiracy around every corner, okay? That is not me. I do my homework and due diligence, all right? I sniff things out, I get shit right. Anybody that knows me going back to 911 was a wake up call for me knows that now I don’t get everything right. But if I’m adamant about something, it’s because I’ve done my homework. I sniffed it out. I put the time, energy, effort in to figure it out for the people that I know and can trust and the data I know I can trust, the research I know I can trust. And then I come out with a proclamation.

Here’s what I believe has happened here. I take my time in doing that. This is one of those things. The Federal Reserve and I said this, I’ve said this often. I’ll say it one more time. I’ll probably say much more than one time, one more time. But Federal Reserve is part of the deep state. The Federal Reserve is part of the banking.

They are the banking cartel. That’s part of it. The banking cartel is the most powerful cartel on the planet. They have seven cartels. G. Edward Griffin, creature from Jekyll island, taught me this many, many years ago. I hired him to come do at least 15 presentations at our events for W. My wealth masters over the years.

[00:15:35]:
I even knew him before that and just one of the. One of the best human beings on the planet always had time for me and we had a. We spent a lot of time together. I really got to understand how money worked. The Fed worked again from the guy, from the man. And it’s just amazing presentations. His presentation on the cartels, I could listen to that and I did listen over and over again. I actually like that presentation more than the creature presentation.

The reason is that presentation just made me really angry. It just made me angry. But when he talked about the cartels. That was interesting. And I was like, okay, that’s how the global piece fit together. It taught me more. But again, the Fed is part of the banking cartel. They are not friendly to.

They want socialism, they want communism. That’s what they. One world government. That’s what they all want people to be completely dependent on the government. That’s what they want us to be. That’s part of the reason the Fed was created. That’s why they’re melting down our money again. 98% loss in the value of the dollar since 1913.

[00:16:40]:
They’re created. Woodrow Wilson, worst president in the country ever again. 1913. IRS, Federal Reserve and the where senators were elected. Okay, the first two are the biggie, but center to things big too. And that all happened in 1913. Woodrow Wilson’s president. But that’s what they want to do.

The whole plan is to always make us more dependent by destroying our currency. This is a long term plan to control us. And so this is all tied together. Federal Reserve Jay Powell, who plays Mr. Grandfather. Oh, I’m trustworthy. Oh, we’re here for a dual mandate to watch out for the American people. He’s completely full of shit.

He’s a liar and he knows it. They all are and they all know it. Right. And I’m not going to get into my whole spiel about the Federal Reserve being our new financial master of the universe. They used to be the nerds and now they’re cool kids at the times table. And they’re never going to put that power. It’s going to have. It is going to have to be taken from them.

[00:17:40]:
But I think this is where you can start drawing the connection between this BLS person that was rigging these employment reports first to help Biden try to get elected, rigged them throughout his whole administration and everybody knew it. If you read Zero Hedge, listen to Wayne Root. You know what I’m talking about, right? This is. And Trump onto it, right? So he finally says, you know what? I’ve had enough. This morning’s report’s bullshit. And the reason he knew it was bullshit was because the way they restated last month’s and the month’s jobs before that to make this report look as bad as possible so they can say, look, his tariff policy is not working. The economy’s not working. They’re trying to crash the market.

That’s what they want to do here, folks, because it’s about the midterms. That’s the next thing I think they know the powers that be, the deep State knows if Republicans win the midterms in convincing fashion, it’s game over. It’s game over for the communists that want to take over this country. And that is at the bottom of it. Some people say it’s Satanist. See, I haven’t gone there. I can’t confirm that. But I can confirm this is all about communism.

Now, is it also about Satanism? Maybe. I’ve seen a lot of people saying this is pure evil. And look, there’s enough of that evidence to go around, too. Right. But I’m not quite ready to go there yet. I was raised Southern Baptist, so you probably know that I already believe that there’s a heaven. I don’t believe in hell, but there’s a heaven. It’s good versus evil.

[00:19:09]:
I completely believe that. I’m more about spirituality now than any religion. But anyway, the point being, the Federal Reserve deep state, they want to hurt Trump. The, the BLS girl that got fired today absolutely wanted to hurt Trump. He’s exactly right to fire her. Good riddance. Bravo, President Trump, for doing that. Man, this guy’s.

It’s very hard, very, very hard to stay angry at President Trump. And I’m probably one of the few people that have done that, have been honest about, I mean, I’ve been honest about him, about the jab. Evil, pure evil. And he’s the father of it. The tariff policy. He was about an hour away from literally crashing the global economy. I don’t think a lot of people aware of this. The stock market was going to crash the next morning.

Had he not paused the tariffs. But he did. It’s hard for me to stay mad at him because he’s done so many, and he’s doing so many amazing things. I mean, someone perfect, right? I mean, even everybody makes mistakes. But, you know, I, I just think that we all have to call him out. You know, I, I think sycophants. I have no room in my life for any sycophant. I want honesty.

[00:20:20]:
I want to tell, I want you to tell me what you think. Be honest about it. They can do that civilly. Right? But still, you know, if you’re, if you’re on the Trump bandwagon, you’re like, ah, it doesn’t matter what he does. I’m gonna back it. I mean, why, why? It’s the fight. It’s, get in there, it’s rough it up. That’s how the best idea wins, right? It doesn’t mean I hate Trump.

It doesn’t mean I, I’m A. All the names I’ve been called over the years is crazy. You know, proposing him on the jab, posing him and locking down the economy. All these things that people get very, very personally offended by that. Anyway, everybody’s free to do what they want to do. But. So I think Trump’s really going in the right direction here. I love to be able to spark today.

And so again, the 10 year today, got smoked on a yield basis again, down 32 basis points today. Big outside day. What that means is you have an outside day, you look at a chart of. And I’ll include this. Oh, actually I tweeted it out. I posted an X here a little while ago. You can go check that out. About the asset day in the 10 year yield.

[00:21:24]:
That means we took out yesterday’s high and low and we did so in style like it’s a big red candle. Okay. And so this is, this is what gets people’s attention. Technical analysts and people that know how the markets work. This is the kind of thing that gets their attention. And what does it tell you? Rates going a lot lower. And they, again, that’s the point. They already were.

They should be now. But, you know, get Trump at the Fed and Deep state. This is the kind of the main things they have in power over Trump. Right. But more than anything, they’d love to crash this thing. So anyway, but rates are going lower. That’s been our view for some time now. I did say just yesterday that was very doubtful that Fed would even cut rates because Powell clearly has it out for Trump.

Maybe he’s going to be forced to. I would be surprised, though, if he stays in the job. If they just, if he just fights tooth and nail not to cut rates, you know, again, trying everything they can to keep Democrats in this through to the midterms of next year, or it’s all over. We win. We in the whole shoot match. We, meaning Americans, all right. Patriots win the whole damn thing. And that’s what the battle is all about here.

[00:22:31]:
Pretty fun, huh? It’s good to see the good guys. Winter change. How frustrating was it during Obama’s presidency? During Biden’s presidency? My God, sometimes you pull your hair out and you’re like, I don’t know if I could take this anymore. This is insanity was taking place here. Of course, that’s all by design. They want to drive you crazy. That’s another goal of communism. All right, what else? I covered a couple things this morning in my letter.

I just wanted. Okay, I’ll talk about the IPO market a minute ago. And why this? There’s. We’re nowhere near being too frothy. Yeah, we’re overbought short term for sure. This has been a very big move. Nasdaq up 40% right from the April 7 lows. I mean it’s a monster move, but it also, the parallel is to the, the pandemic we, the, the charts look almost the same for the pandemic market lows of that April, we were back to all time highs in three months.

Three, four months. That happened here too. But what happened then in 2020? Once we got back to all time highs, it just kept going. The S P 500 rallied another 40% tom over the next 15 to 16 months. Nasdaq went up another 70% over the next 15 to 16 months. So if that playbook is going to continue to play. You see this move is just getting started, number one. But this is that we’ve made it the case forever.

[00:23:52]:
If you’re new here, then I’ll just say briefly, this is the generational bull market. We called this three years ago in our book the Big Bribe. This is that bull market. This is the bull market you want to stay locked in on. Okay. And I saw that’s why we think that any, any dip is going to be short lived here again because the amount of money on the sidelines retail has been supporting. Retail’s had this exactly right. Someone emailed me or text me or tweeted me earlier today about the, the Japanese wives.

Sometimes I just get brain dead over something. I should go back through my tweets, but it’ll come to me in a minute. But how they, in Japan, retail investors, they supported the market during that, that lost two decades from Japan. Really during the last 10 years they were this, they, they were supporter of the yen, the yen carry trade and the Japanese equity. And so that’s what’s happening now. The Mrs. Watanabes of Japan, that’s what retail has been here. And they got it right.

And there’s just so much money again in this country, so much liquidity again. Free foreign investments into the US is skyrocketing like, like never before. Capital inflows over the last 12 months are up $1.7 trillion. And now we have the tariff money coming in. This is going to get insane. This is going to be a true melt up like we’ve never seen before. Unless something goofy happens with the other side. You know, the, the, the, the, the deep state or whatever.

[00:25:26]:
So there’s never, you know, we know that it’s never guaranteed. But this is the call we made three years ago. And we’re only seeing more and more evidence that this is playing out. All right, what else today? Let’s go and look under the hood. Hope you all have a great weekend planned here. It’s my wife’s birthday yesterday, so we’re gonna spend a weekend working in the garden. Taking that good run for a nice meal tomorrow night. Just kind of hanging out, hanging out with the pup.

Hope you have a great weekend as well. In our internals today, not as bad as you might think they would have been. Again, okay, again, the Dow today was down 542 points. It dropped 701 point. Again, we had a good rally going and then nuclear thing came out with the submarines and that, that put a kind of a lid on the market today. But our loser today was Russ 2000 down just over 2. No, sorry. NASDAQ down 2.2%.

Russ 2000 down 2%. And then the semis today had been getting hit pretty good. They made a rally at the close. They actually finished at 1.8%. So that’s a little better. SB 500 down 1%. So again, not a great day. Again, as I said earlier, Vix up 22% 10 year yield down 32 basis points.

[00:26:33]:
That’s significant. But the internals weren’t as bad as you might think they would be on a day like this. 2 to 1 advanced decline, negative for NYSE. Nasdaq was right at just better than 3 to 1. Negative. 69.3% of NYSE volume was negative while only 64.1% of Nasdaq volume was negative. Again, these aren’t bad numbers at all. We had 81 stocks, 152 Kai to 312 hitting 50.

That’s the first time in over a month that we’ve had that a negative bottom line on new 52 highs to lows. And that’s again, that’s, that’s not horrible. I don’t think this is gonna be, I don’t think this is gonna be a big correction at all in our sector watch today. You know what, I’m, I’m just gonna, I that screen. I don’t have that screen up. We’re gonna move on. I know it was bad. I think it was 10, 10 of 12 sectors.

10 of 11 sectors finished lower today. In our commodity watch today again, gold now $67. It’s just, it’s going up even more in the late part of the day. Up over 2% now $67 an ounce hits up today 34.16 less than $100. That’s fixed like $93 announced from an all time high. Silver today up 1%. $37.09 announced. Copper today up 2%.

[00:27:51]:
See if copper was down, this is, this is, I think this is the tell again. Some of this might have to do with tariff and trying to figure out what’s going to happen here. But with the markets down, if copper had been down today on concerns of a weak economy, that’s what the bears are saying. Oh, the employment data. Oh, we’re going to recession. I can’t tell how many times I’ve seen it today online. Oh, we’re probably in recession now. No, we’re not.

But if we were, copper wouldn’t be up 2% today. It’d be down 2% today. Again, it’s hard to say that concretely because of the tariff related issues. This could have something to do with that. I don’t think so. Copper is strong because the global economy is strong. Copper Last trade 4.43 a pound. Crude oil today was down 3%.

That could, you could call that a tell for weak economy or you could just say it’s been traded between 64 and 70 now for two months. It’s 67 or smack dab in the middle right now. Again down 3% on the day. And finally the day bitcoin, we shared this chart, I think it was yesterday in our letter. You know, Bitcoin at 123, 123,000 hit extreme overbought on steroids. That’s our most overbought designation. Bad things happened there. Well, that’s what happened at 123,000, that was the top.

[00:29:04]:
So we pause our buying. Well, if you look at a chart now at 113,000, which is where bitcoin is now, just over that. That’s the 50 day. And now we’re approaching oversold levels. And let me actually Leo, let me, let me just check this quick because bitcoin has been leading lower, right? And that’s what you would expect it to do now. It’s probably going to lead higher too. On the very system right now we are, we’re oversold levels already. We’re approaching heavily oversold levels and we’re probably a day away from being really heavily oversold.

And so at the 50 day, which is again right now 50 days. 100, sorry, 50 days is 112,000. Call it okay, that’s where we’d say, okay, let’s let’s go, let’s, let’s add. Let’s add. We’re not quite there yet but we are getting close to it. And then I think that, I think we’re back in the cycle where Bitcoin’s going to be leading. It’s going to lead in both directions. That’s what’s happened here, hasn’t it on this August shake.

And remember, August seasonality is not good. I’m sure you’ve all seen this by now. August, September is, they’re not good months. But again, as we said, we think this move higher continues pretty much unabated outside of some short term shakeouts because of the amount of money on the sidelines. Because people know what’s going to happen in the second half of this year and beyond. Especially with rates being gone down, with Jay Powell being gone soon. This economy is. The fuse has been lit folks.

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The train has left the station. If you think we’re going to have a recession, call me so we can talk about it. I can find out what kind of meds are on to making, making you drive you crazy because this is, that is not happening nor are we going to have a housing another housing crash. The number of people that believe that online is just mind bending. The propaganda really works, I can tell you that much. Stay away from the financial media, listen to Kip and Tyler and follow us on X and listen to maybe a few other people you like. Make sure we’re in that list though because look, we have no problem calling a spade a spade. That’s what we do.

But if the evidence all points to one direction, we’re just going to tell you that’s what’s happening because that is what’s happening. Housing market is leading everything as it does and all it’s got to take is rates to go lower. 34 trillion home equity going to flooding into the economy. 40% of homeowners have no mortgage. Home equity is at 70% again, these are records. You can’t have a housing crash when that is the case. Everybody’s looking to add housing, not to sell housing. People with money that first America.

Okay folks, that’s it for the day. Hope you had a great day and even better week. We’ll see you back here again Monday after the close.