In today’s episode, Kip kicks off the week with a deep dive into the latest market action following new all-time highs in the NASDAQ and S&P 500. Kip unpacks why so many smart investors struggle to outperform the market, highlighting the dangers of “analysis paralysis” and groupthink driven by mainstream financial media.As we look ahead to a data heavy week, Kip shares his candid thoughts on the upcoming CPI and PPI inflation reports, emphasizing why he doesn’t put much stock in government economic data especially with 35% of tomorrow’s CPI being guesswork. Instead, he recommends innovative platforms like Truflation for more accurate, real-time insights. 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 daily VRA Investing Podcast. Hope you had a good day today. Got a busy week ahead. Good week last week again, the market’s finishing at all time highs. That is NASDAQ finished at all time high. S500 hit an all time high.

Intraday on Friday just finished just below it. But still, I mean, we’re there. It really is interesting. I have a, I follow, I wouldn’t say a lot of people. I follow about 15, 20 people. They’re kind of in my, you know, in my network because I want to know what they’re saying because they, at some point they’ve made good calls and that’s made a difference for me, right? And people specialize in things that I don’t specialize in. And I have to tell you that I see more people right now. These are bright people, okay? But they rarely beat the markets.

[00:00:57]:
And I track all this. They rarely beat the markets. You know why that is? It’s really primarily one reason. It’s analysis paralysis and it’s group think groupthink and analysis paralysis. They tend to listen to mainstream media. That’s mistake number one. And they form their opinions based on what they’re saying and then they just dig, dig, dig, dig, dig. Get the data, data, data.

You know, it’s just like, well, it’s, the data says this. So that’s what I’m, that’s just not the way the markets work. It’s not the way you beat the markets. That’s in my experience. Okay? I am a simple Texas boy. And again, I, I’ve made, in my first 20 years of my career, I made every mistake you could make, probably five times. But in, I’ve really learned, you know, for me what works, what I pay attention to, who I listen to. And you know, again, you hone your instincts after doing something this long, right? You, you stop making the same mistakes and you learn what matters.

And I think that’s going to come into, into play this week. Okay, here’s an example. This week we get the CPI tomorrow morning for the market, open 7:30, 8:30 Central. 8:30. Excuse me, 8:30 Eastern, we get the CPI on Thursday we get the PPI, and then Friday we get retail sales. But really, I want to talk about the inflation reports because if you watch any media, this is what they are. They, they, they, they, they can’t find a way to beat Trump. And this is what they’re, this is what their Goal is, you can see it, you can see it in the interview.

[00:02:28]:
It’s the turn. They make that turn where, okay, it’s get Trump’s time to get Trump. Paul Krugman, who is one of the worst economists and experts of all time, Pulitzer Prize winning Paul Krugman, right. New York Times columnist Paul Krugman, right. The guy that said, actually said this, in case you don’t know that the fax machine, forget about the Internet. The fax machine will make more money than the Internet will ever make for you. He actually is quoted saying that when Bitcoin was 500, that it was a scam that would never amount to anything. This is, this is Paul Krugman.

And again, he was on Bloomberg on Friday. He was on Meet the Press or Face the Nation on Sunday. And again, you can see it coming. It’s a setup to talk shit about Trump and you can see it come from a mile away. This is what it’s boiled down to. So now the hot thing is, all right, Trump is kicking ass on everything. And he’s, look, there’s, there, there are things, Let me just be clear. There are some things about Trump I don’t agree with.

But you know what, as I said, this guy’s doing so many things that I do agree with that I’m going to let some other things slide. I, I just am. All right, because at the end of the day, my job is to help us make money and make it, help us make sure we’re positioned in the right way, in the right sectors, in the right stocks. That’s that bottom line, political stuff is, is really not going to help us much there. So I, I kind of, I kind of blocked that out. But this guy is winning on so many fronts, right, that the media, now the get Trump media is kind of down to one thing. It’s inflation that you can see they are desperately hanging on to. Good God, let this number be 3% tomorrow.

[00:04:17]:
Let this, let CPI jump back to 3%. Please, dear God, let that happen. Because that’s all they got. You know, the tariffs are bringing in a lot of money. Slope is warning on the economy. GDP just came at 3% on its way to 5% within six months to year. I think by, I think by year end, I think GDP is 5%. Maybe, maybe I’m optimistic, but that’s the direction we’re headed in.

And the innovation revolution is going to take care of the rest, right? We are in the roaring 2000s, folks. This is, this is happening, okay? This is happening. So let’s all, let’s all just accept that this is happening and that’s how we’re positioned for it. So I’m looking forward to the CPI tomorrow because as Todd and I just talked about in a pre podcast meeting, you may not know this. This is pretty extraordinary and it should be. This should be mandatory coverage every time they make an announcement from the bls. The Bureau of Labor Statistics should have to announce this every time. A full 35% of the data that’s in the CPI that’s going to be reported tomorrow morning at 8:30 Eastern is guesswork.

It’s estimated and what they say now is the reason the numbers that high and it’s always been high by the way. Some states don’t report, some companies don’t report. I mean it’s an amalgamation of just horseshit. That’s really what it is. Look, if you know me and Tyler, we’ve said this for forever. We do not, we do not give a single economic report from the BLS or from the government. Any credence friends matter. But one month does not matter.

[00:05:51]:
Never has, never will because the data is that bad and that’s always been the reason. We’ve been very consistent with that. But now they just. I was on Bloomberg today. 35% of the data being reported in the CPI tomorrow is estimated hypothecated. It’s guesswork. They use a lot of fancy words for it. It’s guesswork meaning can you trust tomorrow’s data? I don’t trust it at all.

I wouldn’t be surprised if it does come in at 3% 3.1. I wouldn’t be surprised at all because again that’s kind of all they have left to get Trump with instead. And this is the future. It’s where we’re going, we’re going to keep talking about a lot more we’ve introduced to you starting about a month two ago is truflation. Encourage everybody to go to truflationtruflation.com and save the site because it’s the future of economic data reporting. It’s an AI based real time algorithmic program where they have like 80 different sources. It changes throughout the day. This data is constantly being updated.

Right. And it’s not gained, it’s not politicized like we have now. And what do you think that true flag? They just put this out like an hour ago. What would you say that Truflation CPI read is right now again officially right now CPI is 2.7%, 1.76% and their Truflation is vocal about it. They, they, on their website they talk about this is what the BLS and, and these other organizations are doing wrong. This is why you can’t trust their numbers and here’s why you can’t trust ours. So I just, I would just keep that in mind tomorrow as we get the read on CPI and Thursday on PPI and retail sales on Friday. And again, that’s, I think one of the reasons the market was down today is that the whisper number is we’re going to have, okay, here comes the other side.

[00:07:53]:
Here comes the flip side of the tariffs. Here comes the bad news. Now, we said often and early that tariffs, the transition for tariffs would cause some inflation. But, but it’ll be almost, almost not important to the benefits coming from these tariffs. And that’s what we’ve seen. It’s because this is now basically eating into the profit center of companies that want to export into the US So it’s giving us companies real negotiating power to say, listen, I understand you’re being charged, you know, this, this tariff being added to your product. I can’t pay that. Well, other countries, they have to do business with us.

They have to. We’re the hottest game in town with the last bastion of free market capitalism. That’s it. And they have to, they can’t lose that toehold of doing business. So they negotiate out of their profit margins. China’s certainly doing it. European countries are doing it. So we have all the leverage.

Trump is the first president that understands that it is America that has all the leverage. And again, it’s just a mindset change. Right? So again, the experts will figure this out as Trump continues to win because they’re just, I’m sorry, but there’s just nobody better in my lifetime at understanding how business works and how the economy works than Donald J. Trump. He is the master of this. And he is five. He’s a chess player. He really is.

[00:09:23]:
He is several steps ahead of everybody else. At the end of the day, he’s winning for America and I do believe that about him. You know, he said it again today is, and by the way, when Trump is doing a presser now on press conference, I do my best to watch every one of them and here’s why, number one, they’re entertaining as can be. Okay? This guy is not boring. And you never know what’s going to be asked. He answers every question. So it’s always, you know, what’s, what’s happening. You know, you’re edging your seat a little Bit.

But more than anything, it’s that he’s not going to be here for forever. I don’t believe he’s going to run for another term. Could he? I mean, we get. GDP growth is 7, 8% and this country’s rocking and rolling like never before. You know what? I could probably see two thirds of the states passing a change to the Constitution. Obviously, the odds of that are slim. Okay, but he was screwed out of one term and FDR did get to serve three terms. So it has happened before, so.

But Willie. No, I don’t think so. We got such a deep. We. I’m lifelong independent, but, you know, I’m calling myself more and more a Republican, certainly a conservative than I ever have really before. Conservative I’ve always been. But I align now fully and completely with Republicans because the, the left is just insane. They are absolutely insane.

[00:10:50]:
The first time I heard Wayne Root say that liberalism is a mental disorder, I, I mean, I, I was, I was. He was at an event that he was doing for me and I heard him say it and I was like, ah. I laughed. That’s good. That’s a good line. I told him, I said, that’s a good line, Wayne. I’m going to use that. He goes, what do you mean? It’s not a line.

It’s true. Because I believe that that is that liberalism is a mental disorder. And I just didn’t believe. I thought he was just hyperbole. Right. Because it’s a pretty good line. And then the more and more of this taking place in this country, especially in these blue cities, of course, with Biden as president, I mean, it is fact. It is exactly the case.

I don’t understand it. I don’t know how they’ve gone so far off the rails, but they have. And so it doesn’t matter if it’s Trump. The Republican bench is so incredibly deep. You know that where it’s J.D. vance or where it’s Ron DeSantis or honestly, I could probably name five other people that I think would be really qualified that I would trust to do the job. And the bench just keeps growing and growing and growing and getting more and more in depth. So this country’s in really good shape.

[00:11:53]:
Trump’s got this. Trump’s got this figured out. There’s a sea change that has occurred in America. And I said this on a podcast a couple weeks ago, and I had a couple people email say that. Don’t, don’t get so cocky, kid. When I said, we won, we won the culture order, it’s over. We won. America won.

It’s over. It is flat out over. And doesn’t mean we can let up or anything like that. But we did, we won. Folks, allow yourself to celebrate that fact because that’s the good news that’s coming for America. The result of that win that we’ve not experienced yet. Right. So my mindset is like the markets discount three to six months out.

I’m discounting right now and I, I put out a piece this morning about Tesla with all the, the things, they’ve got a lot of things happening between now and year end first quarter 2026 and I highlight, highlighted those things and that’s why the stock’s going up. First of all, it’s great chart pattern, just phenomenal breakout. Perfect chart pattern. Just an absolutely perfect chart pattern of a falling wedge. And this breakout for Tesla which now looks to be confirmed today, the stock was up another almost 3%, up 10 bucks a share. You know, as long as you hold above that trend line, nothing bad happens. I don’t think it’s going to, I think, I think the lows are clearly in now. Stocks going to 598, that, that would, that’s the measured move for Tesla.

[00:13:19]:
It’s 338 now. And the measured move from this chart breakout is 598 now. Timing is another question. I don’t, I don’t tend to guess about that. But I, you know, our year end price target for the entire year has been 500. Right. Again we’re 338 now. 598 certainly wouldn’t surprise me.

Okay. And, and then higher from there because again, you know, within, within a year to two, most people when they think about Tesla, they won’t be talking about the EV Tesla. Most people in a year or two will be talking about the autonomous Tesla, the robo taxi Tesla and then the Optimus Tesla and all of the offshoots that come from that. So again we call Tesla the one stock that must be owned for the innovation revolution. I think that’s, it’s Cathie woods said something similar. A lot of people have said something similar because they have so many things that we don’t even know about that they’re working on. You know, and that’s what’s really cool about the innovation revolution is the things you don’t know coming. So I hope to get in, I’m going to be on Charles Payne show tomorrow on Fox Business.

I hope to get in this tomorrow with Charles. I sent them today’s letter Because I really want to talk about Tesla and the innovation revolution. And, you know, I make the point that we don’t know what we don’t know, we don’t know what’s coming, but we know that big things are coming. If you remember when you sent your first email and you got your first email, do you remember what you, you remember your reaction? Because I was like, you can send what, what, this entire PDF of 900 pages. I can send this and someone around the world will receive this in just a few seconds. You’re kidding. I mean, that’s, that was mind blowing for me. Right? And then, of course, you know, online shopping, we know the rest, but I think that’s the kind of change that’s coming.

[00:15:19]:
Some, not just something. So many things are coming that are going to blow us away like never before. AI is going to make that even more possible, of course. So it’s very exciting time to be alive. We had, we did win. We should celebrate the victory while continue to, you know, practice the things that make us good people, you know, and have a common sense country. It’s, it’s not really that much more complicated than that. And again, that’s, that’s, that’s all due to Trump.

Trump loses and Elon Musk hadn’t supported him. Again, that’s another big reason Trump won. But if Trump loses, you know, we’re Canada, we’re the uk And I don’t think there’s any, any question about this. The most. It was the most important election of our lifetimes because the Democrats were about to, the Communists were about to take complete control of. And that’s why they’re so blown away now. They can’t believe that Trump’s doing to them what they’ve always done to us. And so it’s a very fun time to be.

Is it not a fun time to be alone? So I love watching Trump. I take it in because I think after the next three years, he’ll still be around, he’ll still be everywhere, he’ll still be the, you know, the, the man of the Republican Party and all that figurehead, but we won’t be able to see him in interviews every day and do presses every day. And I, I just want to, that’s how I feel. I want to enjoy it. Um, and I don’t want to have any regrets that. Oh, man. If I just, if I just watched him more, you know, in the moment, right. In the moment when things are happening.

[00:16:44]:
Right, because we’re, we’re all a microcosm of the same environment. All this is happening to us at the same time. It is fascinating to me and I know it is for you as well. I know a lot of Trump fans on here. You could be a Trump fan and not back 100% of what he does. And I just wish more people understood that point. That would make things a little, I think, a little smoother. But hey, it’s, it’s the battle that, that, that, that makes it work and people are free to do what they want to do.

I just know that I’m, I’m, I’m very satisfied, I’m very optimistic and I’m happy. You know, this is a very good time. I’ve said it before. Say it again. There’s never been a better time to be an optimist than right now. And the future is going to be insanely good. Right? And the market’s going to just skyrocket. I mean, this is, this is going to be.

Just stay locked in, folks. You know, just stay locked in. We’re gonna, I think we’re gonna do very, very well together. Okay, so translation, tomorrow we’ll get CPI tomorrow. By the way, on today, I found this interesting. You know, we lost a little territory today. Dow finished down 2 off the lows. Dow finished down 200 points, down half percent.

[00:17:49]:
Nasdaq finished down 64, made a pretty good push in the final of 15 minutes of trading, finishing down 310 of a percent. SB 500 down 2 10. And rust 2000 just barely down, down 1 10th. But this is negative seasonality. This is not a great time to be in the market. But, but remember what that means. It doesn’t mean we’re going to have a big sell off. I just don’t, I don’t see that at all on the horizon.

We had that. The bear market ended April 7. That bear market ended. We’re in a new bull market now. New bull markets do incredibly well in the first year. That’s what we’re in now. Right. And what was I just going to say? Lost a train of thought.

Goodness. Monday. Blame it on Monday. Right. But anyway, I think that this market is only going to keep going up even though August. There we go. Seasonality remembered. Seasonality is not great here.

[00:18:42]:
Even. Even though that’s the case and there’s a lot of data on it. Okay. So it’s hard to ignore that. We don’t ignore it. We take it in. But remember the bottom line, return for the month of August in, in a second presidential year is roughly losses in the S 500 of 1.5%, 1.5%. That’s nothing.

Right. And at the same time, it’s not a stock market, it’s a market of stocks. There’s never been, you’ve got to be a good stock picker. I think it’s a really good time to be a stock picker. If you look at our portfolio, I think it proves the point, you know, being these high growth areas in the right sectors and even if the market falls a little bit like today, I mean the market was down today and we, we did, we had a good day today. Right. I mean Tesla helped a lot. Right.

But we had a good day today and I think that’s going to continue to be the case. Bitcoin bounced back strongly, hit 122 overnight. But that’s, that’s, that’s, that’s illiquid trading. Understand that. So this morning when the real money came in, they sold into it. But it’s still, we’re, you know, just below 119,000 with demand. That’s insane. There’s so much happening that’s almost been glossed over.

[00:19:55]:
What happened on Friday with Bitcoin Trump signing executive order that 401 s can invest in bitcoin and crypto and other crypto assets. That’s big folks. And remember it’s one thing to sign the executive order, it’s another thing for institutions to allow this to happen, to have the framework, the back office to allow it. Because it’s not happening yet, but it’s coming. And so you know, the market’s going to continue to front run that. Right? And that’s, that’s what happened in so many different areas now. Bitcoin at 119,000, it’s going to be very cheap compared to what’s going to be say year two, three from now. You know, very cheap, very, very cheap call ratio today.

This was also, I think a tell a lot of optimism after, after Friday’s close. You know, I think all the, all the polling data is getting much more bullish. Not, not overtly, you know, we’re not extreme green or anything. But this morning at the first open of the put call ratio, which is a great, it’s a great ratio to track here. Here we go. Opened this morning. First report at 9am Easter was 0.6, 6.6. Sorry, that’s not a.m.

central Point 66 on a put call ratio. That’s elevated. Read. Right. So I wasn’t surprised that we had some selling come in because that’s just, you get that many people buying calls or puts. And it’s just this, it almost always ends this way. That’s, that’s a sell signal. But at the close today it was back to closed at a 0.84.

[00:21:29]:
Now that’s elevated. That’s elevated fear, right? So you know, people get so bearish so quickly that it just doesn’t take long for these, for the excessive optimism to flip right back to fear. And again, because so many people watch TV and get their opinions from it. This negative, negative, negative fear, fear, fear, Trump. Bad, bad, bad, bad, bad Trump. And again that weighs on people. Everybody, institutional and retail money. But the key here is that this characteristic is not a characteristic of a bull market.

That is gone too long when people get bearish this quickly. And fewer returns this quickly. Again we see it in the book all ratio. Every day, every, every day we have a big sell off. It happens just like this. People go from, you know, oh I love, I gotta buy calls, oh, I gotta load up on puts. That is not an indication of a bull market. That’s tiring.

That’s an indication that bull market is still young in nature. So it’s something we just have to keep tracking. We’ll get to a point where the fear ingredient index is in the 80s, you know, and all these sentiment surveys or extreme greed and the pull call ratio every day is in the 60s and 70s. We’ll get to the point. And then by the way, this is one of our favorites. Okay? This, this is, this is, this is again a huge buy signal. Huge buy. My recording just stopped and I apologize.

[00:22:58]:
Tyler is such a mastermind at this. Unfortunately he’s gonna, hopefully he pieces it back together here we’re just on the, this really incredibly bullish data which is the percent of the SP 500 above the 50 day and the 200 day. This is kind of crazy. We’re, we closed at all time highs on all time highs on Friday SP100 Nasdaq. Right. Intraday or close. The percent of the S500 above the 50 day moving average is, is now only 56.2. The percent above the 200 day is only 58.4.

It’s another huge tell until this, These readings are in the mid-80s. We’re not even thinking about taking profits here. We’re not, we’re just going to, we’re just going to continue to, you know, to, to add to positions, stay long, strong and then pause our buying at overbought levels. As far as taking profits, we won’t be doing that until these Numbers this is I think maybe the strongest, frankly the best indicator to use. Percent above 50 and 200 because it’s so reliable. Once you get up to the mid-80s it, you know that a big correction is coming. Something big is coming because too many people are bullish. These stock, these, these, these companies have done too well from an equity point of view and again we are just slight years from that.

Right. Okay, what else today? All right, let’s take a look at the hood today. Actually you know frankly it was like last week kind of, kind of flat. Today we had New York Stock Exchange and Nasdaq both just barely slightly negative on advanced decline. Volume was actually 64 positive for NASDAQ, 55% negative for NYSE. Again these are all pretty, they kind of even each other out. Right. And then we also had 224 stocks.

[00:24:53]:
152 Kai, just 192 hitting a 52 week low. Again it’s, it’s seasonality. It’s a market that’s come a long way in a short period of time. That’s what we’re talking about here. Our sector watch not quite as good. We had only three sectors finished higher. Eight finished lower but again nothing in either direction. The biggest losers, energy.

And that was down 17th of a percent. The winner was consumer staples up 2/10. So again this is a, this is kind of an August classic August day. When you’re overbought it is what you want to see. A market that kind of just moves sideways and bounce around a little bit. I, I still think August is going to wind up being a good month. Again just too much money on the sidelines. Too much money on the sidelines.

It’s crazy. $22 trillion of into money supply again, that’s an all time high of that 7.4 trillion in money market accounts and that really doesn’t include all of them. But anyway bottom line is there’s so much cash floating around, sloshing around looking for a home and that doesn’t include one of our favorite subjects that very few people talk about home equity. $34 trillion folks in home equity again another all time high. All we need is rates come down. It’s happening right? Maybe slower than we want but it’s happening. J.P. morgan as we talked about on Friday, J.P.

[00:26:08]:
morgan now estimates and they’re the insiders insider, they’re estimating four rate cuts by the end of the year and most people are at least three, three to four. That’s, that’s where they are right and that’s the right thing to do. And now Fed Trump’s going to have his shadow Fed representative on the Fed. I would think he joins pretty soon. And then we’re talking about Chair Powell’s replacement. So as we said, starting last week, for all intents and purposes, Jay Powell’s time at the Fed has ended. His power has ended. It’s been taken from him.

The big thing for Powell is going to be the, the deal in, in Wyoming next week. The, uh, Jackson Hole. That’s gonna be the big thing. And the date of that is August 21st to 23rd. Right. So we’re, we’re getting close to that. And that’s going to be, that’s going to be big. What, what’s.

It’s the last, really. It’s the last time that Jay Powell will say anything of significance because again, his. No one, no one trusts him anymore. He’s been wrong, wrong, wrong. That’s becoming more and more mainstream view. He shouldn’t be in the job now, as I’ve said a thousand times. But, but again, is, is, is his voice really doesn’t matter anymore. The Fed is.

[00:27:29]:
Now, the other members of the Fed are like, we don’t fear you. We’re not going to act. We’re not going to agree with you just because you tell us to. And we saw that with two dissents, which hadn’t happened in 35 years. We had two dissents at the last Fed meeting. That’s, that’s, that’s the, that’s, that’s other, that’s the Fed, other Fed governors giving the middle finger to Jay Powell. That’s what that is. That’s how rare that is.

And that’s a real shot to his abdomen. Right? And everybody knows that. Okay, commodity watch today. No bad day. This is a bad. Okay, you know the story by now, probably Trump came out, came out and clarified the, the tariffs on Swiss gold and said that’s not going to happen. And so gold got smoked today. Gold.

Gold was down today. You know, I, it was down like 95. I apologize. Everything’s just refreshed for the new, new cycle. 95 bucks that is down 2.7% right now. 33.93. But if you noticed, GDX, the gold miner ETF, which I thought was really going to get hard today because it’s had a great run. It is extreme overbought.

[00:28:34]:
It’s, it’s nearing extreme overbought on our momentum oscillators. I kind of thought GDX was going to be down 3 to 4% today in a shakeout. Move. Move. And we would have bought that by the way, because we’re aggressively long this group and love this group. It was down 8/10 of a percent and it just, from the lows, the, the Open was the low and it just came clawing back, back, back. At one point it was down three tenths of a percent. I thought we’re gonna finish green, that’d be amazing.

But it’s still, this is a tell. Money is starting to come back into this group. I mean, I’m talking institutional money is starting to get interested in this group. But still today, volume GDX was 17 million shares. I can’t tell you how small the average used to be. You know, when, when this group was rocking and rolling in the bull market from really from 2003, 2011, you know, it was punctuated by the crash of, of 2008. But it bounced back really quick, right? And it was every day volume of 80 to 120 million shares in that range. And some days, you know, much, much more, right? But you rarely had a day of volume less than 70, 80 million shares.

And now we can’t do 30. The 10 day moving average, 10 day average of volume is 20.9 million shares. That’s a tell. That means the institutional money has not yet come into this group. But when it does, this group goes parabolic. I’ve made that case for some time. So far I’ve been wrong, wrong, wrong. But it’s, it’s going to happen and this group will go parabolic and we will make a lot of.

[00:30:05]:
We already are. We’re making good money in this group. We’re gonna make a lot of money in this group, folks, especially in the junior miners that we own. That’s, those are the, that’s where the leverage is. And those are the ones that we own. And we may add another. But right now we’re well positioned in this group, so. So gold was down big.

Silver also down. Last trade now silver now 3762. Copper 4.47, 4.44 a pound. Crude oil last trade again, it’s just been stuck in this range, right? 63.96 Now I think, I think, I think it’s a buy here on the strength of global economy and, but it’s basing here, that’s really what we’re looking at now. And finally for the day, Bitcoin again, it’s flat 24 hours because it has such a big move over the weekend. But over the last seven days. It’s now three and a half percent. Last trade 118, 595.

All right, folks, that’s it for the day. Hope you had a great day and even better night. We’ll see you back here again tomorrow after the close.