In today's episode, Kip breaks down everything you need to know as we head into a critical stretch for the markets and the most bullish time of the year for stocks. He takes a closer look at the macro picture, discussing America’s economic resilience in the face of global pressures. You'll also get the VRA's take on where the greatest opportunities are emerging right now. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Friday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Hope your week is fantastic as well. I hope you got big plans for the weekend. I do not. I’m going to be here in Sugar Land, Texas, getting caught up.

We got some projects we’re working on, pretty excited about, and really, I just need. I need a. I need like a down day. You know, we had been doing a fair amount of traveling and had a pretty active summer. I need a down day or two just to hang out, walk my dog, and maybe go to the golf range. So that’s what I really need to do, is work my golf game. But looking forward to a good weekend. Hope you are as well know you are as well.

Okay, let’s get right to it, because first of all, I want to apologize. Thank you. To not one, not two, but three listeners yesterday who said, would you please take the pen out of your hand or just stop tapping whatever you’re doing. It’s very annoying. It’s coming right into. Right into your microphone. And I. I was subconscious.

I didn’t even know I had a pin in my hand. Tap it on the table like. Like I’m a drummer or something. And I was. I went back and listened to it. Like, that is so annoying. Apologies. I have no pin in my hand today.

[00:01:06]:
If get another tapping noise today, it ain’t from that. All right. Second of all, the Ryder cup is on. I know a lot of you golf fans as well been having it on the background today. You know, I. I like just seeing good competition. I think it’s. That’s what makes this so special.

It’s the history of it, and it’s the competition. The fact these guys really want to win. The fans are into it. It’s really. It’s nothing quite like it in the world of golf, maybe in the world of sport. And I think it’s. It’s healthy competition. And, you know, if I would have been there, okay, I would have.

If I would have been not an announcer, but. But a guy doing interviews. If I could have snuck into the Europeans dressing room, and if I could have just asked two or three of them from the uk, from that part of Europe, how they felt about the UK making digital IDs mandatory, which was announced by the Prime Minister today, okay, I’d like to get the reaction because, you know what? Look, these people are extremely wealthy, right? They’re removed from our reality. And so to them, it would Just be, you know, they just go, I don’t touch politics. Right? But it should be on their mind. It should be on everyone’s mind there. It should be on everyone’s, on the, on the planet’s mind. Because this is what the communists have in mind.

[00:02:27]:
And as a number of people reminded me today, and Scott Borders, you’re one of them. Mandatory digital IDs is similar to the mark of the devil. It’s 666. Now. I was raised Southern Baptist. I know exactly what that means. Okay. I know that anything on your skin, like that or under your skin would be considered mark of the devil digital IDs.

I don’t think it’s that far removed to call it that. If, you know, if you’re, if you’re a believer in that. But it’s evil. I think we can agree that it’s evil. And because here’s what we know, here’s what we know for sure as Americans. We can, we’re very proud of this fact. We know we’re on the right, we’re getting back on the right track. We’ve been on the wrong track.

We know that Communists are trying to a soft takeover attempt, as we talked about yesterday, with control of the media compared to complete propaganda network to really just piss off half the country against the other by telling us lies. Right? That’s how you destroy a country from within. And that’s why I believe again, Trump should raid every major media outlet that’s doing this, should raid them. Just like so Many Americans from Jan.6 had their, have their doors busted down. That’s exactly what should happen to these mainstream media outlets that are practicing this propaganda. Straight up lies, just like Jimmy Kimmel did. That’s why he was suspended. It wasn’t censorship, right? But when it comes to what’s happened in the uk, why we’re so proud to be Americans, we held our ground.

[00:03:49]:
We still have the First Amendment. Because of that, we also still have the Second Amendment. But I think if you lose the second, you lose. I think that’s what’s happened here. The UK lost the right to bear arms and now the First Amendment rights are gone. As you know, they’re imprisoning people, locking them up for memes and for things they’re saying on, on X and social media, even repost, if you’re retweeting or reposting something, that people are having their doors knocked down and being thrown in jail, you just almost can’t believe it’s happening. And so to see this lackluster Response. And this is unfortunately what I’m seeing from so many in the uk.

They’re like, ah, no big deal. That’s what got you in this mess to begin with. And that’s why we’ve always said we have to stand our ground on the second Amendment, First Amendment. So this kind of shit can never happen in this country. Right? Canada. And I’m sorry, I know I heard from some of you today online when I posted that on X, about what’s happened in the UK because folks, you’re right there with them. You’ve already lost your right to bear arms to a very large degree. You clearly are losing your right, free speech rights.

Okay, we, we saw what happened with the trucker thing and what’s happened since. Canadians are very nice people. I will say that I. We have a lot of Canadian friends, a lot of Canadian subscribers here and love you all, but you’re very nice people. And this is not a time to be nice. This is why you need someone like a Trump that couldn’t care less about being nice. He wants to win. And for him, winning is different than the Ryder cup winning.

[00:05:24]:
For him, winning it means saving America. And I think, I don’t think, I don’t think this is too bold of a statement to say, if Trump had lost, we would be Canada, we would be the uk it’s. That process has started and would have sped up quickly. Talk about political persecution. Now, of course, that’s what they’re saying Trump’s doing, right? He’s going after his political enemies. What a what, what, what? What a complete farce, you know? I mean, my God, did they. Do they have no shame? Look at what they did to Trump and to so many Jan Sixers and to anybody they saw as an enemy. They came after you.

What about all of us that were debanked? What about all centered, offline during the pandemic? And they have the nerve to say that Trump is going after his political enemies? Are you kidding me? But here’s the thing, and I tell my wife this because my wife gets very emotional about this stuff because she watches in the morning, watches, like NBC, Today show, whatever it’s called. And I mean, I get it, it’s an entertaining show for women and it keeps in the loop of what’s. What’s hot and current. But guess what else you get with it? You get the propaganda and the complete bullshit, and it really drives her crazy. I can’t believe they’re saying this. How can they say that Trump’s going after political enemies? Don’t they know what they did? Doesn’t the country know? Are people going to believe this? And have to remind Cindy this is their plan? They are lying on purpose. They don’t believe anything they’re saying. These are complete lies by design.

[00:06:51]:
And one of the reasons they do that is they want to drive the country crazy. This is a classic communist takeover ploy when they’re trying to take over democracy is to just completely demoralize the country because now they don’t know who they can trust. And what half the country says is just complete lies. How do they not know that? And it is enough to drive you a little crazy, right? But I think the important thing, and I think it’s important to have this conversation with people, maybe people in your family and friends to help listen, remember, they’re lying on purpose. Don’t let yourself get caught up in that. This is the plan. They have to tear this country apart from the inside to demoralize us. Right? And make us believe all the institutions and things we thought we could believe, including the word of politicians and our news media.

They’re tearing it upside down. So, anyway, that’s the point I want to make today. We used to talk about this a lot before the election, you know, trying to make sure everyone knew how important the election was. And now that we’ve got some momentum, and we clearly have momentum, the left is. The left is running scared, which makes them dangerous, okay? That’s what’s happening here. And so they’re fighting back as a rat would, you know, being trapped in a corner. And so we should expect that. Yeah, that means it’s dangerous.

[00:08:04]:
Yeah, it could be a rocky period. But, folks, it also means that we’re winning because normal people that see this, and I’m including a lot of Democrats that are like, waking up, you know, normal people that see what the left is doing, they know this isn’t normal, and they are switching sides. And this is when, again, the fight is difficult, but this is when we win. And folks, you got to understand this, okay? I know we have a lot of folks here that are Democrats. We do. And they’re great people. Again, I’m a lifelong Independent. I voted for Democrats, Republicans my whole life.

I get it. But this is not about that. This is really about just a common sense belief system and saving our country. That’s really all this is. This is not a political message. This is much deeper than a political message. This is about the ability of America to survive and not go down this road. Was happening in the UK and Canada and on and on and on.

This is the battle, this is the ultimate battle of beating communism. That’s really what this is. All right, what else today, okay, today could have been back to, back to back days, ok, of down markets, right. This morning, what we find out before the market open, this is, this is, I find this so amusing and fulfilling by the way, as well. We got got word that Trump is going to have even more tariffs this time on big pharma pharmaceutical imports. Right. You know, the morning, this morning the bears on Bloomberg were talking about, you know, here we go again. This is just going to mean more damage to the economy.

[00:09:34]:
It’s going to be more inflation down the road and more trouble for the Americans to get their medicines they need or whatever. Right. And I was sitting there going as a tick as the futures just continue to tick higher, tick higher, tick higher. Right? And then we get some of some friendly inflation data this morning. Of course, we’re off to the races. Very good data there, by the way. But here’s, here’s what else I noticed. And this is now becoming a pattern.

And we love repeating patterns here at the vra. It’s one of our favorite ways to make money. Okay, we folks, we now have a repeating pattern taking place that when Trump puts on a new tariff, the markets go up. Think about that. That’s a big pattern change because it used to be, you know, after the springtime when, you know, the markets melted down on Trump’s tariff news, right. The markets would always go down when Trump talk about tariffs. Now the markets go up when Trump announces new tariffs. This is, this is a game changing event.

Understand how important this is for this reason. Number one, we know the tariffs are working. We see the money coming into our coffers. We see the fact that inflation is not happening and manufacturing is coming back. And folks, remember, this is just beginning. The tax bill just passed. All of these things. Scott Bessant said it again today.

[00:10:50]:
All of the things that were in the tax and budget bill, these don’t even come into reality until next year. Some do, but a lot of it’s into next year, probably the majority of it. So this is all future growth that’s going to take place, future benefits to the economy. And now Trump is going to be even more empowered because he understands that the markets have woken up, that tariffs are good news and he’s now going to be empowered to do it more. Now we all have to hope it doesn’t get too out of hand. Right? We don’t want to have Another springtime like we had. But I think, I think Trump’s learned that lesson and I think now he’s on real firm footing. You know, he and Bessant and really the entire economic team there, just really, I mean, just.

Just killing it, guys. Just killing it. We talked about this yesterday. You know, a second quarter GDP revised from 3.3% to 3.8%, right? And again, very few people said that would happen. We were one of those people. We are. We’re the only people in the country. And I keep putting this out there, waiting for someone to say, oh, no, no, no, it wasn’t just you guys.

It wasn’t just a you and Tyler and vra. These guys said it, too. But so far no one said it. I’ve been saying, we’ve been saying this now for six, seven months, that GDP growth would hit 5% by the middle of next year. And I’ve said, frankly, I think it’s going to happen by the end of this year. And you all know I’ve been, I’ve been very consistent in saying that. I’ve heard from no one else all over the country that said this. I’ve even said it on the tv.

[00:12:16]:
So so far, nope. Maybe somebody has on here later, okay? But the point being now it’s starting to get into the mainstream right now. The Atlanta Fed today raised their third quarter GDP now estimate to 3.9%. Okay? Q2 GDP came in at 3.8%. We see the direction this is heading in. I’m telling you, folks, I’ve just had this feeling, okay, I’ve said it before. Maybe you thought I was crazy, but I, and I, look, I admit I get worked up. I’m emotional.

That’s how I. That’s how I think I operate when I’m at my best. You know, I want to be locked in, right? It’s important stuff, right? And to me, I’m like these rider hoop guys. I am super competitive. I do not like losing, especially when it comes to money. And I’m telling you what I’m doing, what we’re doing with hours, because then that means I lose and you lose, okay? So look, when I left Wall Street, I was so happy to leave because I got tired of the pressure of managing people’s money. Well, we don’t do that anymore. We don’t have those conflicts of interest.

[00:13:17]:
We don’t have that pressure. I’m no one’s stockbroker. I just tell you what we’re doing with our money and you’re free to do it if you want. That’s it. That’s it. And so whenever you know and this happens, believe it or not, we do get some negative emails. I’m thinking about one person in particular. My goodness, this guy.

I won’t tell his name, of course, but I think he’s a good guy. But he just keeps emailing about. Because you keep talking about the money you guys are making. But I’m not in my portfolio, of course. He bought, like, three stocks. He bought, like, three stocks five years ago. And I’m like, look, I’ve tried to help. I’ve tried to reply to every email you sent.

We’ve talked about this. I don’t know what it is I can do. I’m not your broker. I just. We’re financial publishers. We tell you what we’re doing with our money, and you’re free to do it if you want. But no one forced you to buy these three stocks. No one told you to buy those three stocks.

We always recommend to buy every recommendation we have, or at least do your best to do that. And, of course, if you know our track record, you’ve seen how we’ve done over the last many years. I mean, we. We really are crushing the market, and it’s been a good run for us. So. Point being, I don’t miss Wall Street. I love what I do now. And I think that.

[00:14:28]:
I think most people understand what it is we do here, but it’s about. It’s about winning. And so this is. This is, when it comes to me, that we got to get this stuff right. You know, it’s. It’s ultra important because this is that bull market. And what I was going to say a minute ago is that I’ve said this before, and maybe some of you think I’m a little crazy when I say it. I really do believe that.

I did. Everything I’ve done in my career has led me to this point. I’ve already been through the dot com boom and bust. And by the way, well, we. We did. I nailed both, okay? I did. I retired six months before the market topped out, thanks to my mentor. This would have been, in this case, Michael Metz at Oppenheimer, who reminded me to read Extraordinary Popular Delusions and the Madness of Crowds.

And then I read it, I go, so, Mike, you’re telling me the market, we’re in a big bubble? And he goes, what do you think? Mike was always that kind of guy where he would never tell you he always wanted you to find the answer on your own, you know, Frustrating at the time. Guys. Mike, just tell me what’s going to happen. Just tell me. He’s. No, no, I want you to read this, read this, read this. And so it helped me so much. You know, just a great guy.

Rest in peace. Michael Metz. Rest in peace. Ted Parsons, both of my mentors that just had such a big impact, not only in my career, but on my life, because they were just true gentlemen, you know, by the way, Michael Metz, in case anyone ever accused me being a homophobe, okay. Michael Metz was gay, right? Everybody knew he was gay. But this was when. During a time on Wall Street. Really, A time in America where you didn’t talk about that.

[00:15:56]:
You didn’t. If you were gay, you didn’t come out of the closet and talk about. Certainly not in corporate America. And no one talked to Mike about it except me. And I love to give him shit about it. And I did often one. I’ll just tell a quick story. One time he was in town and I.

I used to take him out to den when he came. He was director of research for Oppenheimer and was when he came into Houston. I mean, I just, I had this bond with Michael. And so I take him out to dinner. Well, this one time I took him here in Houston to a place called the Men’s Club. If you know Houston, you probably know what that is. Okay. It is a gentleman’s club.

And I just couldn’t wait to see his reaction. Like, they got a great buffet and it was a Friday night at a great buffet. I think you’ll like it. We walk in, he realizes right away we’re. It’s just a bunch of. A bunch of, you know, very scantily dressed women in this place. And he just started laughing his head off. He got it.

That’s the kind. That’s the way this is supposed to work, right? It’s not good or bad. I mean, look, I’m. I really don’t understand homosexuality. I could never. I. For me, just me. I don’t get it, right? Red blooded Texas American male.

[00:17:07]:
But I’m also not. You know, I was raised to believe that if you criticize somebody else, worry about the. What is it, the. The stick in your eye, right? So the point being, Mets played a major role in my life. Really helped me see the light and got off of Wall street at the right time. So, you know, then we started the VRA in 2000, or I started the VRA in 2003, WMI in 2005. The rest is history. And now not one.

But both of our sons, Tyler and Sam, are working with this top. Sam starts on Monday, his first day here. We’ll tell you more about that later, what he’s going to be doing. You’re very excited about that. And of course, Tyler’s had the great misfortune having to deal with me for the last almost 10 years now. Can you believe that? I think it’s like nine years and change. It really is how time flies. It’s just.

It’s just crazy. But anyway, I’m very blessed, man. And I think. I do think everything that I’ve done in my career has prepared me for this moment. I just do. I felt this for a while, you know, we were writing the Big Bribe. One of these days I have to tell a story about how they even came into my mind because it was, like, placed. I’m telling you, it was placed there.

[00:18:12]:
Tyler will back me up on this because we were on a call with somebody that wanted to publish a book for us, and they go, what would this subject be? What do you think you’d like to write about? And it just popped in my head. I said, look, we think there’s a massive bull market coming and it’s going to happen because of a big bribe. The Big Bribe. And they’re like, oh, that’s a good title. What is that? You know, I started explaining what I thought that meant, and so that happened just like that. This was put into my head. I do believe. And I think.

I think these are all. I think these things are all happening for a reason. And folks just understand. Look, you know that we know we’re far from perfection. That ain’t never going to happen, unfortunately. We work very hard to be as good as possible. But the point being is I really. I think that Tyler and I, and now Sam and all of you, this great community here, your feedback’s fantastic.

We have a lot of very, very smart people in this. In this community here that also have great instincts. Okay? And so when you send us emails, number one, you never offend us. We. Oh, I read everything you said. I may not have time to reply to every email. And if for any reason I do miss an email and you want me to reply to it, send it again. You’re not gonna hurt my feelings.

You’re not gonna embarrass me or yourself, so. But anyway, I try to. I try to reply back to everything because your. Your feedback means so much to us. Right? So keep it coming. But I do think this is a special time for all of us. Here I think this is that bull market. You know, we’ve been saying it for a long time and again, the action today did nothing to dispel that, that, that, that argument, did it? Yeah.

[00:19:40]:
So market’s going up on tariff news. Three days of down action and now boom, here we go again, these dips. Okay, and we told you, I believe I was out of town. I think it was Monday’s letter. I said look, this, this is the rubber band stretched too far. I think that was the title of the letter. It was very brief update. I said the rubber band stretched too far.

And we just had, you know, we were starting to get a little churn in the market and we’re starting to see this extreme overbought levels. It was happening across the board, not just in the broad market, but the miners, gold, the semis, you know, it was, everything was hitting at the same time. And that’s just typically when it is time for a pause. But look at the pause we just had. We just had a three day pause which has now removed all of these overbought levels. And I’m not saying we’re oversold, but I would encourage you to take a look at some charts this weekend. We’re starting parabolic options 23sat tomorrow morning. Okay, take a look at, I’ll share, I’ll share this chart with you Monday morning.

This would be our kind of focus chart on IWM, the Russell 2000 ETF. Okay. Because again this has been a almost perfect ascending channel. Okay. In, in the small cast and we’re well positioned there. And look what just happened here. Now we’ve had the small caps. We’re down this week.

[00:21:00]:
Then now back to, to our really our first major support level which is the 21 EMA. Okay. The 21 exponential moving average instead of, instead of daily moving average. And that, that exact line has been the bottom line of support. And I’m looking at right here since the beginning of August. So we’ve not been below that and now we just pull back exactly to it. So will it, will it bottom and bounce here? Well, that’s what the channel says. And also look at stochastics.

Stochastics as of today at the close are exactly 50. So you took down one more and we’re in oversold territory. That’s what these short term pauses do. And so again, I think we have some great setups for parabolic options. We’ll you know, be launching tomorrow. We’ll launch our first trades. We’ll get people. You typically a couple Days to get signed up.

So my guess is the first trade would, it could be Monday, but probably Tuesday. Just so we’re all on the same page and get started together. So we’ll start taking payments tomorrow, just FYI and then we’ll launch first trades on Tuesday morning. That’s what it looks like right now. Okay, but it could be Monday. But anyway, don’t, you know, I wouldn’t say don’t wait, you know, go ahead and sign up if you want to be in it. And, but again, I think we’re, I think we’re in for a good run here and I think this little shakeout we just had, this could be it. You know, these dips are getting shorter and shorter.

[00:22:21]:
And the action today, again, inflationary news that was slightly inflationary in a weak market that could be used to settle off. It didn’t happen. Look at, even look at the action yesterday. You know, we were down over 400 points of the Dow, 1 point over 300 NAS. 300 points in NASDAQ is a decent chunk of change. And what happened? The Smart Money hour hit again. And here came the buyers. Here came the buyers.

That’s the action you want to see in a bull market. We just keep seeing it time and time and time again again for new listeners here, the three biggies for us, right, the three biggies. The Trump economic miracle, we’re seeing it play out with tariffs. It just, it really is stunning with economic growth. It is all playing out and it’s just getting started. So the Trump economic miracle, the innovation revolution, which is of course massive. This is.com on steroids. On steroids, understand this.

Okay? And then the third is, is this ocean of liquidity. And that’s again why these dips are so short lived. There’s so, there’s just so much money out there you can’t even believe it. It’s unfathomable. And the fact is very people talking about it, they’ll mention oh MTU money supply in the US and globally is hitting all time highs. But they don’t explain what that means. That’s what we try to do here is explain to you what this means. It means not just individuals, but companies are loaded to the gill with cash.

Do they have some debt? Yeah, some, but very little. Comparatively, very little. And again, second America, I get it a little bit different story. We’re not talking about that. We’re talking about what controls the markets. That’s corporate America and it’s the first America. And the same thing applies globally. And it’s that group that has so much bloody money that it’s got to go somewhere.

[00:24:01]:
I mean, look where it’s going. We, we have a brand new asset class that’s attracting trillions of dollars away from the stock market called cryptocurrencies. Right. Bitcoin alone has a 2 trillion dollar market cap. Add them all up together, what are you looking at? 3, 4, 5. Including all the outliers and the different, you know, businesses and lines of work that have sprung up from the birth of crypto. That money has been removed from the stock market and the market’s still going to all time highs. Not here, just here, but globally.

Again, I don’t think this point can be stressed enough, which is probably why I get a little worked up when I talk about it to make sure you understand the importance that we, that we, we place in this. And that’s why this is a melt up bull market. And I like Fridays anyway. But I got to tell you, I’m in a really good mood today because I, it’s like I do, it’s like I see it, it’s like I got a little bit of a crystal ball. God said to me, you know, look, dude, you worked 40 years in this business through thick and thin. A lot of long hard days and hard weeks, all right? It’s amazing I have any dark hair or hair left at all. And you know what you stuck in there. You were pretty decent guy.

You tried to be a good family man and raise your boys right. All right, maybe we’re just going to give you this blessing that during this bull market, during this bull market that you’re just going to be able to call things right and help and bless a lot of people because that, that is how it feels. And just know that I don’t take any of this for granted. If that is the case, and I do think it is, and that we only work harder, we own, that’s what we love. Reduce. It’s not work, but we only put more and more time and energy into this and try to be as smart as possible so we don’t get people trapped, you know, in a dangerous toppy bubble kind of situation. But folks, it’s just not it. I, I’ll repeat and I’ll move on I think next year.

[00:25:56]:
And Tyler agrees with me, of course we agree on a lot of things, not everything, but then that’s the way it should be, right? But we’re certainly agreement on this next year. By the way, Tyler’s been an unabashed bull. There have been Times that I’ve been matter of fact, during the tariff thing, Tyler just said, you’re wrong. He goes, just, just buy the dip. Don’t want this worry. He was exactly right, of course. But you know, when you play leverage ETFs, you know, the pain gets a little intense. Right? You gotta, you have to have discipline.

Of course he turned out to be exactly right. But what we agree on specifically in this case is that next year could be a barn burner and probably will just like the fourth quarter this year is going to be. And I think we had a snapshot of that today. Remember, we’re only now three days removed from the beginning of the fourth quarter. That means fourth quarter fund flows are coming in, right? That’s a lot of money comes in the market. 401ks share buybacks. We’re in the buyback blackout window now. But once earnings start getting announced, that money starts coming back in.

And again that’s how you get the melt up bill. And I think next year, as we wrote this up this week, you know the best returns for the market, you know, NASDAQ’s best year was like 78% or something during.com and SPF 100. Best year I think was 51.3%. Working on memory here. And so do I think we can see 50 to 80% returns next year. Maybe that’s a little much, But I think 40 to 50% returns, maybe we’ll call it maybe 35% SB 550% in NASDAQ. I think that’s entirely, not just possible, but I think it’s probable because all of Trump’s economic stuff is going to be kicking next year. Trump also now has control of the stock market and the Federal Reserve.

[00:27:43]:
They do, right? Bessant is just the perfect treasury sec. Another gay guy, perfect treasury secretary. Right. This guy is like, he’s like a Siamese twin to Trump. He’s exactly what Trump needed in, in the first term, but didn’t have it right. Fine, I didn’t have a problem with him. But he was a movie. He’s a movie producer.

This guy Bessant worked for Soros. This guy knows all the tricks of the trade and now he’s on our side. Okay? And so remember, midterms of next year. I don’t think no one’s talking about this. Trump is going to run the. You know what, Trump’s going to run the table. This is the swan song number one. He’s not running again.

So next year is going to mean he’s Got three or left. Three years left as president. He wants to go out with the economy and the stock market at levels you cannot believe so that nobody ever touches what he did. As far as a record and he’s got Besson to help it happen. As far as the midterms, if the economy is rocking the way that we see it rocking next year, 6% next year, 6% GDP, maybe 7% GDP by the end of next year and the stock market is doing what we think it’s going to do, up 30, 40, 50% who’s going to vote against any, any Republican in the midterms, especially if they can fix the election system. They’re working on that, paper ballots, et cetera. So this could be a complete whitewashing for Democrats and it should be. That party will not bottom until it is destroyed, until new life can, can be breathed from that party that is not communist and American haters.

[00:29:29]:
So I think again, I think everything points to next year being unbelievable. And because the markets discount their discounting mechanism and they act six to nine months out, that means the rally starts now. That means the rally starts in the fourth quarter and we’re almost there, right? What else today? Silver again. 14 year highs again. Another good day today. Silver is just looking fantastic. You know, look, we’ve been pounding the table in gold and silver for a very long time, since 2003. And why would we change now? We’re not, we’re even more bullish now, frankly.

This is clear breakout in silver. Silver now 46.36, up another 2.8% today, up a buck and a quarter. It’s a big move. You know, gold’s up a half percent. But look, I mean that was silver outperformed gold by what is this almost six times today? And so this is a breakout. The old high of course was from the hunt Brothers in 1980, I think it was, and then 2011 and that was both, it was in the 49 and sent, you know, 49.50 range or something. Right? And so we’re almost there now we’re, you know, what are we three bucks away from all time highs in silver and inflation adjusted, as people love to remind me, that means silver is probably like currently like 15, 20 bucks announce it’s got that much further to run. So look, the robot, we all know that I just don’t think it’s going to matter.

[00:30:51]:
There’s just too much demand. We’ve been talking with you about what’s coming with gold, silver, bitcoin, maybe other assets being used as baskets to back a massive new treasury offer, essentially monetizing our debt using gold and silver and Bitcoin and maybe others as well. And so the, the demand for gold and silver is just insane. And also because the insiders know this, this Treasury Secretary and President Trump and his whole team believe that they can use inflation, that they can use inflation to dwindle our national debt down. It’s not an easy topic to explain to people. I will tell you this, okay. It’s something I first heard years ago. I’m like, that seems possible but you know, you gotta, you gotta thread that needle pretty, pretty, pretty quick, pretty tightly, you know.

And that’s what this administration is doing. The combination of that and having, you know, a Treasury offers back partially backed by this basket of other true assets, true, true currencies, right? And then that means everyone in the world is going to want what we have. And that means we can get away with a little higher inflation when debt is fixed. Right? So if you have inflation with a fixed debt interest rate, then you can actually make your debt go in the other direction. So it’s gonna, again, it’s gonna take smarter people than me to pull this off, but this is a conversation that really smart people are having and that I believe that people in the administration I know are having. They’ve given us a number of hints about this, right? So it all works out to financial engineering. Again, one of our big pride megatrends. This is happening now and it’s only picking up speed.

Tyler talked about in his podcast over the last week about tether and stable coins and what they’re doing for bringing massive amounts of, of, of energy and, and, and, and, and global dollars into the US again while at the same time making the dollar go down. It is a masterful the job they’re doing here and it’s just again, kudos, hats off, blah, blah, blah, you know, all that. Great job guys. Keep up the good work. Okay, let’s, let’s, let’s get right to it. Under the hood today. And unless you get back off to your weekend internals today were good, they weren’t great. But again we’ve come off three, you know, back to back, back down days, but they were good today.

[00:33:12]:
Advanced decline was 2 to 1 positive for NYSE was 1.71 positive for NASDAQ. UPS up volume today for NASDAQ was 59.6% of volume for NYC was much better, 66.4%. And we had 194 stocks in 50 makai just 100 and 652 week low. And again, remember we’re still in the like final last two days of the worst of 10 days of the year and worst two months of the year and that’s August and September. We’re almost out of this now, aren’t we? I tell you what, people that were bearish based on seasonality, if they, if they actually went short, they’re, they’re screwed and they know it. This is a short covering rally is developing right here. This could really, really get crazy. Into the fourth quarter today we had 10 of 11 sectors finish high on the day and really it was 11, 11.

Consumer staples down not even a tenth of a percent. Okay, but to the upside. Utilities up 1.6%. Consumer discretionary 1.5. Materials up 1%. Real estate up 1% as well. In our commodity watch today again, they get extremely bought. They take a couple days off and then we’re off to the races again.

[00:34:16]:
Gold today. Gold was up at one point to high of 3814. It did close just below 3800. Closed at 3789. Still up a half percent on the day. Silver again, as I said a minute ago, up 2.8% of the day at 46.38 an ounce. Copper, pretty quiet today. Up to 1/10 of a percent at $4.76 a pound.

Crude oil today, up a little more energy stocks again had another good day today. Crude oil today up 3. 10 of a percent of 20 cents a barrel at 65 18. And finally today, Bitcoin still stuck at that 109,000 range. But again we talked about this consolidating. It’s got a pretty wide range that could consolidate and build a base from here. Just remember, just like the fourth quarter of the year is the best quarter for stocks, it’s also the best quarter for bitcoin. Last trade here, 109,232, down 210 of 1% on the day.

All right folks, that’s it for the day again. Hope you had a great day. Hope you a fantastic weekend. We’ll see back here again Monday after the close.