In today’s episode, Kip breaks down what makes the start of the fourth quarter so exciting for investors. Kip explains why September’s notorious market weakness is now in the rearview mirror, and why both equities and Bitcoin historically post their best returns in Q4 with data showing Bitcoin averaging a jaw dropping 57.5% gain in the final quarter over the past decade. You’ll hear a candid take on financial media, the importance of thinking independently as an investor, and some sharp commentary on the “smart money hour” that signals real opportunities as institutional investors shift gears. Kip also shares insight on the effects of government shutdowns, congressional recess, and what policy shifts like Trump’s economic moves and corporate expensing mean for the next market leg higher. Tune into today's podcast to learn more. 

Don’t look back because the market is closed. Good Tuesday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Interesting day in the markets today. And what’s most interesting about it is because you know what day is today, right? Today, it’s the last day of September. Which means. What does it mean? It means the la.

The worst 10 days of the entire year are now behind us. It also means the worst two months of the year, August, September, are now behind us. And what else does it mean? It means starting tomorrow. And sorry started folks. We saw today in the close, didn’t we? Starting tomorrow, we start the best quarter of the year not only for equities, but also for bitcoin. Check this out. Tyler just, just filled me with this great information here we’ve been sharing with you here that you know the best quarter of the year for, for equities and bitcoin both. Fourth quarter, right.

[00:00:48]:
But I didn’t have these numbers until Tyler gave them to me. Right. Fourth quarter in the fourth quarter alone going back to 2015. Okay, so a ten year period here. Remember, bitcoin didn’t go back that much further than that. First, for the, for the, for the, for the last 10 years, the average, the average return in Q4 is 57.5%. That’s the best quarter by far. The second best quarter is the second quarter.

The average return there is only 33%. So again, 57.5% for the fourth quarter. And for all of you that join us in parabolic options right now, your ears should be perking up because we just bought those calls today. Didn’t mean. That’s before I had this info. So it gives a little more confidence, does it not? Also, again, this comeback today was, was really good. Okay? We had another day today where there was weakness this morning. You know, Bloomberg, every single person was bearish.

Come too far too fast. Oh, first week, two weeks of October are bearish. No, they’re not. Again, these. I think I said this yesterday. And again, I don’t want to be hypercritical. You’re going on television and doing radio interviews. It’s hard enough as it is.

[00:01:57]:
I don’t, I really don’t want to mention these people by name, but they’re just, most of these people on TV just are not good. And I’m sure you’ve noticed this too, because the people, especially cnbc, it’s like, I think they’re purposefully lying. I really have to believe, because they’re not dumb. People, these are some pretty bright people, but they’re talking their book, and really what they’re doing is selling what they want you to buy. That is. That’s a dirty game, isn’t it? Jim Cramer, in a moment of weakness long ago, Jim talked about Kramer yesterday, long ago on television, in a moment of weakness, very soberly said, here’s the way we used to paint the tape and at his hedge fund, and we talked. He talked about how they would turn the futures, go up in the morning, because all it would take is a couple $300,000 and you start painting the tape and you start getting the futures popping up and, you know, whatever holding that you’re in that you want to sell. And then all of a sudden, then you put out some comments.

Hey, we love this stock. We love this group. And you sell right into the open. He goes, we made a fortune doing this. He actually admitted it on television. It was, I know, one of the moments he wished he could take back. Maybe like the other one he said where during the pandemic, he said he was seriously serious. All right? He was angry.

He said, we have to get everybody taking. We got to get the US Military forcibly giving every member, every. Every citizen of the country got to force them to take the jab. We use the military to give the jabs. Like, go, go down the street, go house to house. That’s what he was talking about, right? So it’s interesting, you know, when people talk enough, eventually you hear the truth come out of their mouth, right? And that’s the guy right there. I can tell you straight up, I would never put a single penny of my money with him. He blocked me on Twitter probably eight, 10 years ago because I asked him for an interview.

[00:03:54]:
I said, I want to talk about your returns. And he blocked me. I didn’t say, your returns suck. And I want to, I want to, I want to. I want to fry you in a podcast. Not at all. He just didn’t want even what that being out there because he knew what the replies are going to be. Oh, wait, please, Jim.

Poster returns. We can’t wait to see them. Because of course, he hasn’t beaten the mark. I think he’s beat the market once in 10 years, and I think I have that right. We checked it last year, but anyway, this is not a very bright guy. Again, another very bright guy. He’s. He’s very impressive on television.

He’s got a. A memory like a steel trap, Right? But something happened, and I actually, I think I know what it was. You want to talk about it for a second? Let’s talk about that for a second. I remember when Kramer started getting big and he started saying strange things. He’d always been conservative, you know, always been a conservative guy, and he really didn’t try to hide it. All of a sudden, he started changing his tune and he started talking about the need for government to be more involved in things. And there was one topic in particular, if I think about it a second, I remember it either had to do with immigration or had to deal with the jabs. That came later, though.

[00:05:05]:
It was. Oh, oh, oh, I know what it was. It was climate change. All of a sudden, he had been mocking it forever. And then one morning on the morning show, he came out and said he was in favor of the government getting involved and aggressively trying to stop climate change. And that means shutting down energy companies. He didn’t say it just like that, but that’s what he was implying. That’s what he was implying.

He turned on energy companies, which he’d always made a lot of money and been a big fan of the group. And so that’s when I said, okay, he made a deal with the devil, whatever that means. In other words, follow the money somebody’s paying him. And, you know, again, that’s when. When all these business leaders were getting behind it. You know, every kind of climate change, big business idea, which of course is really a communist idea, just to enrich the already ultra wealthy. That’s all it is. I think most of us realize that now, but that’s all it’s ever been.

And so the whole time, you know, when you’re scratching your head like, like I was and like Tyler and so many of us going, why would they say this? That makes no sense. It’s always the money. It’s always the money in a position of power. And now they’re part of that clique, that inside group, you know, and again, we’ve. We’ve seen it in profession after profession after profession, have we not where people sell out, they sell out for power, they sell out for money. They want to be in the cool kids club, which. Which has been during Obama and Biden’s presidencies and Trump’s also, to a degree, of course, it means you’re in the insiders club. And so you have to speak with one voice.

[00:06:40]:
And that groupthink is what’s destroyed so many professions. And again, it’s just. It’s a sign of the times, is it not? You know, it’s a sign of the times. Everyone wants to live like the Joneses, Joneses. It’s just about making more money. It’s about having more power. It’s about being with the right group. And I think that, by the way, I think that gives us a real, a real leg up.

Because if you can spot that, then you know that the message they’re telling you is. And it’s not the way to go if you want to make money or focus, focused on a country’s freedom or, you know, First Amendment, Second Amendment, all that, it’s just, it’s just what they’re talking about to make money. But, but the average person will not make money following that approach. Okay, I’m a little scattershot here, but I think you know what I’m saying. I think if we spot that, that group thing, those, those, those lies, okay, the propaganda, I think when you spot that, I think it is almost a slam dunk to just go in the other direction. I’m telling you, that’s what I do. Ted Parsons taught me a long, long time ago, betting against economists. Ted told me, and I thought he was crazy when he told me this.

I think. I think I’d been his mentee for about a year at this point. And he said, whatever the majority of economists, you know, he’s talking about the big majority, like, you know, 80, 90. Whenever the big majority of economists are saying one thing, Kip, I always go the other direction. I always do the other thing. So. So if they’re super bearish on the economy, I know we’re going to have a great year. And he goes, I know that you’re new in the business.

[00:08:11]:
I can remember exactly where I was sitting when he told me, because I know it’s new. It’s not going to sound like it makes any sense to you. Just pay attention. And over the years, you know what? I think you’re going to see that I’m right about this. And the way he explained it was just like, okay, this guy knows what. He’s not trying to sell me anything. He’s trying to help me. That’s the truth that I need to hear.

And so over the years, it’s helped. I know, I know so many of you listening to this, too. It helped us really to. To be on the right side of almost every issue. You know, as a contrarian, if you can be on the side on a different side than these propaganda masters, then, number one, you’re going to be right. And number two, you can make money being right. And a lot of it specifically is as it applies to the market. So.

All right, so again, good comeback today. Good smart, good smart money hour. Market was down today. Really could have sold off today. Again, this is, this, today was supposed to be a bearish day. History tells us seasonality, that this, this particular day was not a good day. We were down fairly significantly early on. And then here we came again.

[00:09:18]:
This is that repeating pattern that bulls love to see, you know of smart. A weak open and strong smart money hours. Right. We used to call it the wave pattern. I I Talon I might, we might, we might go back and revisit that because it just works anyway, smart money hour is so important. The open really doesn’t matter. You know, that’s really amateur hour. The smart money hour, the final hour of trading.

That’s what you want to watch. And that’s where that’s really. You’d make a lot of money just following what happens in the last hour because that’s when the pros are putting the money to work. And so now tomorrow, what’s going to happen? Well, here come fund flows, right Here come fourth quarter fund flows. Look, we already know share buybacks are going to be in another record this year. They’re already over a trillion dollars. That’s never happened before. This time of year share buybacks are already over a trillion dollars.

Could be another record year this year. Back to back record years. And you know, they’ve been making all time highs for several years. But we had that stretch broken was that three years ago following Covid and something happened. Buybacks were down and I’m sorry, I apologize. I called it Covid. It’s the plan Demic. I never call it Covid.

[00:10:27]:
It’s always the plan Dimin. Because that’s exactly what it was and what it is. But, and again, this is, this is going to be a fantastic quarter. I do believe fund flows, share buybacks are going to be huge. And again, it’s one of our major themes, is it not? This ocean of liquidity. And I got to tell you, when I, when I, when I find something that I phrase and I really like it, you’re going to, you’ve heard me. I repeat it all the time because it just works. Ocean of liquidity.

I think that sums it up so well. We are in a structural and for our new people here, welcome for, for our, for our regulars here. I don’t know that we can talk. I really don’t know that we can talk about this enough. And also Sammy Bo Sam, our youngest son is now with us here at the vra. And part of his training process is to listen to these podcasts and watch Tyler’s again. Tyler, his videos. I just do audio for now.

He’s going to force me to start doing videos and. And I’m just putting it off as long as I can. But, you know, Sam’s. Sam. Part of Sam’s homework now is to listen to these every day. So, again, welcome aboard. Sammy. Bow.

[00:11:31]:
Great having you with us, man. And I think we’re gonna do a lot of good work here, I really do. But it’s the structural bull market that I’m talking about here. You know, again, we’ve had three primary themes. I’ve been the Trump economic miracle. And I’m writing this up for tomorrow, by the way. I’m kind of all over the map here, but I’m writing this up for tomorrow about. Because no one’s talking about this.

I talked yesterday about expensing 100% expensing. So any. Anything a company. It could be any company, right? Loc, doesn’t matter. Buys as far as a, you know, a piece of equipment or any. Anything, they can expense it 100% in the first year. And, and that’s never happened. We’ve never had that before.

And so this has been the, the goal of that is to bring back manufacturing. So Trump put all of this in his one big beautiful bill. I’m going to cover some of the other things that no one’s talking about in the one big beautiful bill, because again, that doesn’t kick in. There are some parts that kick in this year, but I think most of it, the vast majority of it kicks in next year. Again, it was just approved and the tax law changes. It takes place at the beginning of the next year in many, most cases. So I’ll write that up tomorrow. Because, like, expensing and like so much in the one big beautiful bill hasn’t kicked in yet.

[00:12:49]:
But the market is a discounting mechanism. And the market discounts anywhere from three to six to even nine months out. And we’ve all seen that happen, haven’t we? And you wonder, why is the market going up? You’re like, you know, I don’t need to know why. It just is the market’s telling you the good news is coming. Good. That’s why the markets, you know, if they’re going down, bad news is coming. If they’re going up, good news is coming. Not always, but I think it’s.

It’s pretty reliable. Again, it’s the best discounting mechanism on the planet that’s what the bond and debt and equity markets do tend to tell you. And so I think that’s what the markets are telling us now. We’ve got phenomenal, again, Trump economic miracle, the innovation revolution and this ocean of liquidity. And we’ve got, we got a phenomenal economic boom time that’s already kicking in. I, I mean, we said we’d have 5% GDP growth by the end of the second quarter of next year, folks. We’re going to be there by year end. We’re at 3.8.

Atlanta Fed says 3.9% now. Right. And we still have the best three months of the year ahead of us. I’m telling you, animal spirits are back. The people we talk to now, look, we still talk to bears and we still talk to people that are negative. But I really think that’s just, I think that just propaganda, I really do. And I, I gotta tell you, I am surprised, I’m surprised by the number of people that propaganda still works on. I’m talking about media and I’m talking about government and I’m talking about these perma bears that love to scare the shit out of people.

[00:14:14]:
And for some reason people still listen to them. I do not understand this at all. I mean, after the pandemic, I really thought we’d see a tidal wave of people that woke up and said, I’m never if just because they say it on TV or my favorite personality, you know, that maybe it’s been right once in 20 years, like we talked about Peter Schiff yesterday. Just because they’ve been right once in 20 years, maybe you should maybe hold them a little more accountable. Maybe you should review the people that you watch and listen to because you will only have so much brain space and time in the day to absorb this stuff. I want to listen to people that are right. I want to be listening to watching people that know what the hell they’re talking about. I don’t want to be listening for people that are wrong every year.

So it’s frustrating, as you can tell. For me, it’s frustrating because we talk about this a lot about being a contrarian investor and about being a smart money investor and understanding, you know, what you think about what you bring about and the people you listen to, you know, they’re in your group, right? Their mastermind group. Even if they don’t know it. The people that you listen to and learn from, they’re in your personal mastermind group. That again, Napoleon Hill thinking we’re rich. Great, great, great chapter in that book. And so they’re, They’re, They’re. They’re affecting you, right? They’re affecting the way you think and the way you act.

I would just encourage everybody. You know, this is what I always told on Wall Street. I told all of my clients this. I said, the first thing you do, ask for our track records. You want to see every. If you work with me or you work with somebody at a different firm, first thing you do, ask for their track records. I always had mine right there. Right.

[00:15:50]:
Just like we do now. And by the way, after this podcast is over today, we’re going to be putting out our final returns. We may wait till tomorrow morning through the third quarter. Okay. And I have to tell you, I’m pretty excited about. Tyler, are pretty excited about this. It’s been a pretty good year so far after the comeback from the first quarter. Tariff insanity.

And we’ve made a pretty good comeback. And I can tell you we’re going to be handsomely above the broad market as we finish up here the third quarter. But I would tell every client, always ask for track records. And I think, just the fact that I said it, very few people did ask. I think I had maybe. Maybe in my career, I had 10 people take me up on it. I’m like, here’s. Here you go.

I printed off a copy for you, and almost nobody still wanted to see it. You know, I don’t know, maybe it was, you know, kind of a reverse psychology. If I bring it up, they won’t ask for it, but they rarely did. But I’m telling you, most clients that work with financial planners never asked to see their. Can you imagine that? I. I could never believe that somebody would. Just because the guy was slick looking, gave a good presentation, wore on a Marty suit. I love Armani suits, by the way.

[00:16:57]:
But just because they look slick and work for a big firm, you just. You just. You just accept that they’re good at what they do. You know, we’re very. We’re very. We’re very humble and modest here. Okay? We no longer have an office. I work out of my home.

I got a great home office here. Tyler works out of his home office. Sam’s thing. We may open an office if we need to. But Daniel and Josh, we all work from home, and it’s just the best. It’s the best setup ever. After the pandemic, you know, I think we all got spoiled with it. But like, when I.

When I. Last time I was going into an office, I felt like I was being handicapped. I Felt like I’m now driving an hour a day. That takes me away from the markets an hour a day. This just burns my time. And we just couldn’t find a good reason to keep an office open, right? So we’re pretty simple Texas folk here, but we have a system that works for us. And always ask for track records. And that’s what you should do with somebody that you’re working with.

[00:17:54]:
Ask for track record and somebody that you’ll even listen to, you know, that won’t share like, Jim Cramer would not share his track record with me. Instead, he blocked me on Twitter. That told me everything that I needed to know. So we’ll post our returns tomorrow and. And we’ll probably wait till the very letter in the morning to post that, so you’re the first to see it instead of putting out social media first. But again, really good smart money hour today. Fourth quarter is fantastic. We all know it’s the best quarter of the year.

It’s up 80% of the time. This is going back 70 years. It’s up 80% of THE time. And you know, you’re looking at well above average performance. I think one last time, I’ll say this. I’m sure it won’t be the last time. This is gonna be a great fourth quarter. It’s gonna be a barn burner.

Okay? And then next year, I think is going to be. Is going to be stunningly good. Right? Again, one big beautiful bill. Everything in there starts to actually work. The market’s discounting now. Next year it becomes reality. Next year, maybe by year end, we’re at 5% GDP growth, then 6%, then 7%. This is a multiple market.

[00:19:02]:
The market knows it now. And as I said on Twitter earlier, there’s never been a better time to fade the bears. There’s never been a better time to fade the bears. And so the, the more bears we have, the better. Please, more, more, more. Please turn more, please, folks, turn more. As Tyler has told me, the fear and greed index is at 53. That’s neutral.

It is insane, right? Fear and green deck should be 70 right now. And it’s just nowhere near it. Same thing with AAI survey. And so, you know, we love, we love having all these bears. The market, excuse me, the government is likely going to shut down tonight. And we cover this here over the last few days. And you almost can’t find anything more bullish like the laugh. The last six shutdowns, the markets have been up five, five, five of the six times.

Okay, so, you know they used to fear monger us. You know, Social Security checks aren’t going to go out. You know, military is not going to get paid. They still try it. It just doesn’t work. And by the way, the Dems are getting hammered on this government shut. They, they are so lost. They are so obscenely lost.

[00:20:09]:
And what a blessing it is for all of us. I’m a big believer in a strong two party, probably better for a three party system, but at least a strong two party system because it keeps the other party honest. Right. That’s the danger of one party running in the show. And I think after the midterms you’re really going to see it. I think the good thing here is that it’s Trump, you know, there. He has a tendency to want to go overboard a little bit, but, but I think he’s got a pretty good compass about. No, no, that actually is a little authoritarian, you know, that, that, that actually would be a little fascist.

That’s my, that’s my take of him because you need a strong two party system right now. We, the Democrat Party is just, they’re just lost in the woods, you know, and they have to implode before they can rebuild. They have to completely implode, get down in that valley and blow up before they could ever. When you have people like Hakeem Jeffries and Chuck Schumer running things for your party, you’re fucked. I mean you are totally. And that’s just the bottom line. And I think everybody that’s got any common sense knows that. So that’s going to happen.

I think it’ll be after the midterms. I think the party blows up. I think Democrat party splits into two. You’ll have the true socialist out there. Uh, by the way, most of those are on the company dime. Meaning that their intelligence community, higher intelligence, their CIA assets, okay, they, they just are. Because nobody’s that stupid to put that out there. I have the media echo you every time.

[00:21:33]:
That’s your tell right there. The media of course is controlled by the Internet intelligent community. So that’s always a great tell, you know, when you’re seeing that. But I think we’ll have an honest din party and then we’ll have the far left liberal socialist Communist Party and then we’ll have Republican Party. I think that’s why we said for a long time. And again, I don’t think this is, I don’t think this is even a stretch to say this. The Republicans are going to stay in power for a very long time. And again, we have to keep their feet to the fire so they don’t get too out of control with power.

Right. And this digital ID stuff that’s happening in Canada and happening in, in the U.K. you know, we just can’t allow, no, no matter how popular the message sounds, we can’t allow that to go. We have to have, keep us some semblance of, of normalcy because you know, it’s easy to get power drunk, you know and to just say hey you know what, let’s just keep pushing, you know, and that’s not good either. All right, but the shutdown also interesting about this is that now we’re going to have both, both parts of Congress. The, the House and Senate are going to be out of, out of session. There is, I’m going to find the exact. Again there used to be a mutual fund that only invested.

I think I told you yesterday when, when Congress was out of session and they beat the markets, I think they just didn’t get enough size. They must have shut down because I can’t find it now. But the concept is real and it works. The returns for the market when Congress is out of session are like, like something like 80% of your gains happened then, right? 80, it’s a, it’s a huge number if I remember correctly. It’s something like that, maybe 90% because again if they’re not there, they can’t screw shit up, right? So again if they’re out, if we shut down the government, that’s fantastic as fire a bunch of people. Fantastic. Congress, we had a session fantastic again we got the fourth quarter, it’s melt up. Phil, I think you’re, you’re.

[00:23:27]:
I think you understand what I’m saying here. All right. Told you about bitcoin, we talked about structural bull market and why everything is just in such great shape right now. Let’s take a look at a hood again the market, all four indexes closed higher today. All four were down with about an hour, hour and a half left to go. Pretty healthy come back the eternals weren’t oh by the way Internet Nvidia. I’ll have this right up tomorrow too but I want you wanted to pass this on to you Take a look at Nvidia today because it just broke out to another all time high. Nvidia had been coiling, had been consolidating.

I’m going to share this chart with the morning because this is a clear breakout from a period, a decent sized period of consolidation. And when these breakouts happen like this, that’s the largest company on the planet, folks, don’t forget, right? But had been quiet, hadn’t been doing much but in the background what was happening. The semis without Nvidia, right, kept hitting all time highs and again the semis lead nasdaq, NASDAQ leads the raw market. That’s one of our best tells. I’ll probably include the S&P 500 to me, the semi to the S&P 500 chart again tomorrow too. So you can see how they’re still leading, right? And now that that lead is going to start accelerating again. It’s like the miners leading gold. That’s when you have to own this group, right? And so Nvidia again break out the all time high.

Of course we’re long, it’s one of our 10 baggers by the way, Tesla. All right, I wasn’t going to talk about this but I just saw the Ford CEO. I was walking by the tv Bloomberg was on and the Ford CEO was on saying how dismal, what did he use? How dismal that EV sales are going to be now because of Trump’s changes to EV policy. And that’s projection, baby. That’s for CEO because they’re halting production of a lot of their EVs. That’s for CEOs saying no, no, no, no, no, don’t blame us, don’t, don’t blame me as a CEO. Certainly we’re not, we’re going to shut down production of a lot of our evs because they, because they’re not selling. It has nothing to do with subsidies and rebates.

[00:25:25]:
It’s, they’re not selling. And so that does, he said we, I think that he said I think total ed sales could drop back down to just 5%. So of our. All cars sold, cars sold in America. You know, man, I wish you’d be interactive with tv. You know, sometimes I just wanted to jump through the TV and go stop lying man. It’s not, it’s not that the, the industry’s weak, it’s that you’re weak because Tesla is crushing all of you. And that’s why Tesla stock price was down today.

You know, it was up in the pre market. Then here comes Ford CEO saying this complete nonsense, right? But the good news for Tesla is we’re going to find out soon enough. We’re going to get third quarter delivery sales, deliveries unit sales as they call it on Thursday. And I’m telling you this is going to be a fantastic quarter again. The subsidy in today, the last day you can buy it or lease it today, I think it’s buy only. But you get that, you get the, the tax write off. And I’m not sure about the lease actually, but I know for the vehicle purchases it’s the last day to buy it and you’ll be able to write off, I think it’s 7500 all the purchase. So if you want a Tesla now, today, today’s the time to do it.

You can get that write off because it is going away. I would not be, I’m going to put this out there because this doesn’t, this idea I’m about to tell you, doesn’t this sound exactly like something Trump and Musk would do? I never, I never bought their blow up, okay. I just, it was too bizarre, right? I never, I thought there’s something else at play here. Again, I’m not smart to figure out what that is. But doesn’t this idea seem like something they would do? Like after today ends, Trump comes out and goes, you know what? We had so many EV sales, look, we’re going to go and extend that to year end. I can tell you this much, I would do it. I would guarantee you I would do that. Give it, give them 1, 1/4 to just, just knock the COVID off the ball, right? So we’ll see if that happens or not.

[00:27:18]:
But I don’t think it matters for Tesla. It doesn’t matter. This is gonna be a fantastic quarter this week. FSD Full Self Driving version 14 launches this week. I’m waiting for my upload on my Tesla. Okay. And you know that software updates, it’s just crazy how this works. You don’t take your car in, you know, you just say you get a note on your, on your, on your phone, you know, a pop up that says, hey, there’s a, there’s a software update.

Do you want to go ahead and download it? It’ll take you an hour and six minutes. Always gives the exact time. And so it’s just, it’s super cool. And I mean it’s just no car, there’s just no car like a Tesla. You have to at least test drive one. And I frankly I think you have to buy one, especially FSD with the F4S version 14. As Mux said, we shared this with you a couple days ago. By the time we get to 14.2 and that’s probably, I would say that’d be before year end.

I think frankly it may be before October end. Okay, because 14.1, Musk said it’s coming out the next week, meaning next week and then I think 14.2. I would think, I would think no later than the end of November. This is the biggie. This is the one that Musk has said again. 10 Bagger Tesla, just like Nvidia Musk has said this is going to be, this, this software update is going to be the equivalent of a car feeling alive and sentient. You’ll think it’s alive and so very exciting. So stock has been doing very well.

[00:28:42]:
It’s up 100 from the March lows. More than that now. And the fact it was down today because based on Ford’s idiot CEO comment, I think that’s why it came back. It actually closed flat on the day but it had been down to as much as to 433. Closed at 444 today. So again I think it’s, I think we got a fantastic run coming directly ahead of us for, for Tesla and Nvidia. Okay, let’s look under the hood today. Our internals quickly here because it was almost, almost flat.

Everything was pretty much just flat today. NYC was positive, slightly NASDAQ again this is advanced decline. NASDAQ slightly lower volume today. Slightly higher for nasdaq, slightly lower for nyc. I mean it’s really a mirror image of each other. And then we had about 100 more. Stocks hit 52 high, then hit a 52 week low. Our sector watch today again pretty flat here as well.

We had seven sectors finished higher, four finished lower. Healthcare was up 2.4% today. Again this Trump’s idea. Trump RX as he calls it. Low price medicine. I think this group’s got so washed out. I do think, not that we’re recommending it. I do think you’ve got a big move coming up because it’s been so battered and bruised.

[00:29:55]:
Technology stocks day up 9/10 and there’s energy down 1% on the day. And a commodity watch today. Gold continues to power ahead. They hit 38.99.15 today. Just a hair less than a dollar an ounce. Below 3900. Of course that’d be an all time high. Closed today at 3,887 is up 32 bucks an ounce, up 8/10 of a percent.

Silver day gave back a little bit. Gains just down 3/10 of a percent at 4684. Remember all time high hit twice. Was it in the 4950 range? We’re very close to that now. Obviously copper today has been on a good run today. It was down 1 1/2 cents a pound at 487 a pound. Crude oil today again, they keep talking about increasing opec, increasing production. This is all Trump, folks.

He wants oil prices down to make sure inflation does not come back. It’s the thing he’s almost. If there’s one thing economically he’s most focused on, it’s this. And he knows he can control that with lower oil prices. But again, doesn’t matter. Take a look at energy stocks. Look at the way they perform now. They’ve been down this week, but just take a look what they’ve been forming.

[00:31:03]:
They performing. This has been a near parabolic move higher for this group. And that’s the tell, right? It’s just like the miners to gold. This is the tell. Anyway, oil today, crude oil, West Texas Intermediate today was down a buck a barrel at 6243. That’s the 1.6%. And following the day, bitcoin again, just. I’ll share one more time in case you missed the first time.

Thanks again to Tyler for this fourth quarter is the best quarter of the year for bitcoin. Average gains since 2015, 57.5%. Last trade on bitcoin flat on the day, by the way, is 114, 250. All right, folks, that’s it for the day. Hope you had a great day and have a better night. We’ll see you back here again tomorrow after the close.