In today's episode, Tyler breaks down the latest all-time highs, market leaders, and why tech stocks (semiconductors in particular) are making waves. He also previews a packed week of major earnings reports from mega-cap names like Microsoft, Meta, and Tesla, as well as the much-anticipated FOMC meeting and what investors should watch for in Jay Powell’s press conference. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Tuesday afternoon everyone. Tyler Herriage here with you for today’s VRA Investing podcast. Hope you all had a fantastic day out there today.

It was a good day today for our markets. Overall, I would say we did have the Dow Jones finishing negative on the day, but we saw a number of all time highs here as well. And I gotta say, you know, I’m always happy to be here with you to do these podcasts, but it is extra sweet to get a day of all time highs and we got a few really exciting ones out there today that we’ll be sure to cover here on the podcast. But first and foremost, I will be on the Schwab Network tomorrow morning at the market open 9:30 Eastern, 8:30 Central Time.

So hope you can join us there. Always happy to be on the network with Nicole Petallides. And what a day to be on. You’ve got the FOMC meeting taking place tomorrow and press conference from, you know, the lame duck Fed chairman Jay Powell. So we’ll be c. I’ll, I’ll talk a little bit about it here on the podcast today, but that should be an exciting conversation as well. But even without the fomc, it’s a big day tomorrow. We’ve got a number of big tech earnings.

Tyler Herriage [00:01:34]:
We really kick earning season into high gear this week and it really a lot of it taking place tomorrow. We’ll cover a bit of gold and another all time high that we got there today as well. And the final week of trading for January, hard to believe. This month is absolutely flown by so far. So this is the final week of trading in January which is important. We want to see January finish higher. Right. It bodes really well for the rest of the year.

Tyler Herriage [00:02:08]:
There’s a number of data points to back that up. So hope you can join us tomorrow. You can find it at schwabnetwork.com if you’re watching this on VRAletter.com we’ll be sure to have a link in the transcript as well. So hope you, you can join us and as always, Schwab Network. Thank you for having me back on. It really is, you know, if you’re just looking for financial news, it’s a fantastic network without a lot of the, you know, of course like anything, it’s gonna have some political takes on there but you get less of the political spin that you get especially from a network like cnbc. But all of the networks are really guilty of it. You get the least with Schwab network, you know, and we talk about politics here as well.

[00:02:53]:
So I’m not saying that’s necess necessarily a bad thing always. But you get some really good financial and economic insights on that network if you haven’t watched before, you know, it’s a fun one to watch. I highly encourage it for sure. Not just because I’m going to be on it tomorrow, but again, hope you can join us. 9:30 Eastern, 8:30 Central. So right at the market open tomorrow on schwabnetwork.com all right, a little bit more of what we’ll cover in the podcast today. As I said, the FOMC presser and meeting tomorrow, what we expect, what we don’t expect and and more. I’ll get to that here in just a second.

The all time highs that we saw today and some of the downside as well. Like I said, overall, good day. But the Dow Jones did finish down 400 points. We’ll explain why here today on the podcast. But first let’s kick it off with earnings. As I said, we kick into high gear this week, so let’s take a look here. All right, so we had some big ones here today which I, I do want to check. One just really quick here if you don’t mind.

I was working on, I had a few calls before the podcast today so I missed Texas Instruments earnings here. Let’s just see if I can get a quick recap for you. You know, semiconductor player, not the biggest one out there. Well, let’s see here if you don’t mind. Bear with me. Looks like the stock is up in after hours trading. Well that’s about. Oh wow.

The stock is a big in after hours trading today, up eight and a half percent now. Wow, what’s that going to do for the semis tomorrow? Should be a good day with that kind of report. So glad that I checked that here for you. Let’s see if I can get a little bit more bear with me here. Looks like they reported a miss, but good guidance. You know, I don’t want to jump to any conclusions here and point out anything wrong for you. I’ll be sure to check this out more after the podcast here today. But tomorrow, this is when we really kick into high gear.

[00:05:12]:
We’ve got asml. If you tuned into some of my podcasts recently, I’ve covered this stock quite a bit because there’s no one out there like it who does euv. Right. Extreme Ultraviolet lithography for semiconductors. Without this company we could not make the, you know, 2, 3 and 4 nanometer chips, wafers and everything that we’re making right now for companies like Nvidia, the most, you know, bleeding edge level chips. So this will be an important one. After TSM reported earnings, it showed that it’s going to bode well for a company like asml. So we’ll see if we get some good numbers out tomorrow.

But after the close, this is going to be a big one. We’ve got three of the Mag 7 names reporting after the close tomorrow. Got Microsoft, Meta and you know, one of our favorites, Tesla as well. So stay tuned. We’ll be reporting on that here tomorrow after the close. Kip will be here with you. And then on Thursday, you know, we’ve got some big ones as well. Defense name, Locky Martin, then Apple, of course, another Mag7 name there as well.

[00:06:21]:
So stay tuned. Going to be an exciting week. And some other big names on Friday, energy, financial space, all kinds of earnings. Again, this is when we really start kicking into high gear. We won’t get into video earnings, they usually report pretty late. But that’ll be another big one to watch for here. So stay tuned. We’ll be reporting on all of that and much more.

All right, so the other big event tomorrow is the FOMC meeting. Overall, you know, it should be a pretty boring announcement from the Fed. No big expectations on that front. The big what, what we’ll be watching for at least will be the Q and A afterwards. And I’ll get to that here more in a second. But first, what we’ll get from the minutes and you know, before the press conference, this is what we’re seeing about a 97% chance the Fed will remain paused tomorrow, ending or at least pausing. Right. This current rate cutting cycle.

[00:07:28]:
If you’ve been here with us for a while, you know our view. The Fed is behind the curve here. We agree with the Trump administration, we agree with Stephen Myron and I’ll get to this here in a second. The new leadership, our leader in the expectations for the next Fed nomination is now Rick Reeder, not Scott, Kevin Hassett or Kevin Warsh. The two Kevins, they’ve fallen down. I’ll get to that here, more in a minute. But again, you know, there’s a multitude of reasons that I’ll, I’ll touch on here in a second. Why the Federal Reserve is once again behind the curve and the market is not expecting another rate cut until June.

Now, that is the first month where we see a majority expectation for a rate cut. Now this is exactly what it’s called the CME Fed Watch tool. It’s just that a tool, these percentages can change rapidly. So if we get some data out, you know, in the coming weeks or months, that this could be moved up, could be moved back. But again, you know our view, we should absolutely be cutting rates right now. They are behind the curve. And here’s just a couple of reasons why, you know, and I mean there’s so many more reasons in this, but I’ll just cover a few of the big ones here. Number one, okay, is who does this affect the most? Well, it’s not the wealthy is not Jay Powell’s buddies.

It’s the second America. The person who wants to go out there and buy their first home, someone who needs to buy a used car to get to work, that’s who is affected most by higher interest rate policy. Okay. And I don’t think there’s any other way to say it, that we are currently experiencing a housing problem here in the US Right. Is more of a housing shortage than in an inventory problem. Okay. And this is what the new front runner for the Fed. I just saw this earlier today and wanted to bring it up.

[00:09:34]:
Rick Rieder absolutely nailed this recently in my opinion. You know, he said when you think about groups that are most interest rate sensitive, okay, it’s not the big tech companies, like I said, you know, Jay Powell’s buddies going to Jeff Bezos parties, right? It’s not the already wealthy. They fund, you know, things like they’re doing with data center build outs. They’re able to fund their capex with free cash flow. Okay? But the housing market, the home builder specifically are incredibly interest rate sensitive. You know, he said, you know, subsidizing these loans and right now we do have an inventory problem in the housing market. So here’s what he had to said, say if the Fed were to bring down interest rates, it would actually reduce inflation even more. You know, that might surprise you a little bit because in the financial mainstream media all they keep saying is, well the Fed’s worried about inflation, they’re worried about inflation, you know, comeback of inflation, which they whiffed on the first time saying that it was transitory.

Now we’re seeing another policy error to the downside. Bre, you know, outside of shelter and I’ll get to truflation here in a second. Inflation readings look great. Now they’re offsides to the downside. We believe and we’ve talked about it for a long time, we’re headed into a disinflationary environment. Ultimately a deflationary environment. And the Fed is once again behind the curve on this. So he went on to say that bringing down interest rates and incentivize home builders.

[00:11:11]:
Of course it does. Right. Which brings down shelter inflation. And that’s how you bring down inflation while lowering interest rates. You know, I know that the main, the financial mainstream media sees that as counterintuitive, but I think to us here, you know, our smart money listeners, which, which y’ all are, thank you so much as always for your feedback. We get so much great feedback, great questions as well. It’s clear to us that, that y’ all are truly the smart money here. So thank you for being here with us every day at the market close.

So on that note, it is great to see him and someone with this attitude as the front runner. So take a look at this. This is from polymarket, and this is, you know, a great tool for some research here. You know, we got a good friend of ours here at the vra. I hope he doesn’t mind me, I won’t say his name then, actually, but who does some fantastic research from polymarket and the other betting markets. You know, he was Talking about this 13 days ago, writing about the potential for Rick Reeder, and now just in the last few days, he has become the front runner here. As I said, it was the two Kevins before. Kevin Hassett who’s fallen all the way to a 5.1.

[00:12:26]:
Kevin Worsh still remaining up there. But look at that falling significantly. So similar to the CME FedWatch tool. These are tools to watch for. Rick Reeder has become the leader here and with comments like that, you know, some great stuff from him as well. Great to see that he’s on board with not just a political reason for lowering rates, but a good, well thought out reason. Right. If anybody’s political here, it’s Jay Powell.

And I’m sure he’ll say plenty tomorrow on the political front about, oh, the Fed’s independence, this and that, and about the investigation into him is purely a pressure move by the Trump administration. Just when you hear that kind of stuff, know as so often that it, it is from the left. Pure projection, you know, we know. And Kip and I have both covered this quite a bit thanks to James o’ Keefe’s fantastic reporting where he caught, you know, a, a, I think kind of like a mid to upper level, you know, Fed assistant economist talking about just how political Jay Powell is and how much he dislikes Trump. Uh, you know, there really is no other way to Say it. Other than this Fed is so far from independence and that has damaged so much of the very little credibility. Credibility that they have. Right.

This is an institution that was foisted onto the American people. Uh, it should never been created. Just always remember this about the Federal Reserve. They just like they love to name bills like the America Saves Act. Right. Or the Patriot act, which took away so many of our privacies. They love to name them good things. The Federal Reserve sounds so official, doesn’t it? Well, two things.

[00:14:14]:
They’re not federal and they have no reserves. You know, we’ve been in the, in the Fed camp, big fans of Ron Paul from the very beginning. So we’ll see if we can get some steps in the right direction here under some new leadership at the Fed. Number two here on reasons why they should be cutting rates again tomorrow. And again, Rick Rear agreed with this completely that they need to be cutting rates far more aggressively. I think Stephen Myron has this exactly right. Why can’t the Fed be more nimble? Right. He doesn’t disagree with most of the committee about in the long run what interest rates will be.

It’s in the short run. Let’s just go ahead and get there now. If we need to adjust later, we can. Right. But that’s not how they, they like to act there at the Fed. They’re kind of set in their ways. But so number two here, their favorite gauge of inflation is pce. Even based off their favorite gauge, they are too restrictive.

Pce, which we don’t trust any of this data. Any came in at 2.8% last week. The fed funds rate at three and a half to 3.75%. So based off that alone, the Fed is overly restrictive by between 70 and 100 basis points. Wow. And really you’d like to consider a much more what we believe to be an accurate tool. Okay. Which is Trueflation CPI 1.18%.

Wow. But take a look at PCE over here. 1.4%. So based off of that, right. 1.4%. They’re you know, over 200 basis points above the neutral rate right now. You know, again, and the number one question that this is, you know, probably something I’m going to talk about on Schwab Network tomorrow because outside of kip, I don’t hear anybody talking about it. I think the best question for J.

[00:16:18]:
Powell would be why doesn’t the Fed use a more modern approach into looking into inflation data? Right. In the age of technology, why are we constantly waiting on backwards looking data why it makes no sense when we have truflation based off of millions of data points here, updated in real time. But the Fed is basing their decisions off this archaic backwards looking data. And when the government shut down, you don’t even get it right. Unbelievable. Let the free market take over this data. Let TrueFation get some competitors out there too. You know, outsource this to multiple companies and who work off different metrics, compete for who’s actually the closest to it instead of, you know, really the monopoly on government data that they have right now through the bls.

It’s absolutely unbelievable. So that’s the question we’d like to see ask of Jay Powell, just simply, right, why do you use CPI instead of something like truflation? What are the differences? See if he even knows, right? So many times up there it just seems like he’s reading off of a script, even in his Q and A, like he has the questions in advance and he gets these pre planned answers, you know, and as Kip’s talked about as well, he kind of has some tells that when he’s ready for to throw a little jab at Trump, he gets a little smirk on his face or starts to look a certain way and you know that it’s just a pre planned answer. So we do expect a few of those from him tomorrow. Like when he was asked about President Trump possibly removing him, you remember what he said and repeated it. Not permitted under the law. When they tried to follow up with not permitted under the law, I mean just so clearly scripted, like somebody told him to say it is what it seems like, right? And by going to these hearings for Lisa Cook, once again showing that he is political. Right? If you’re an honest Fed chairman, you’re not going there to defend somebody just off of face value. Right? You would want to get to the bottom of this as well.

[00:18:37]:
But he didn’t want anybody looking into the Fed because I’m sure this guy’s got some skeletons in his closet, namely the reconstruction project on that Fed building, the cost overruns there, where they’ve spent essentially, you know, the cost of a brand new football stadium on renovations of a building. Why does the Fed even need that? Right? And so as he talks about, you know, this investigation being political, why are we not allowed to look into his spending habits at the Fed? Hey, any thoughts there, Jay Powell? Why are, why, why are you above the law? And he’s going to say, like he did in his video, you know, a couple weeks back, no one’s above the Law. Well, why can’t we take a look into this then? What do you got to hide? Jay Powell. Interesting, right? Number three, and this is the final one, I’ll go ahead and wrap with this one here is that we know the labor market is cooling here. I’m not saying that the labor market is a huge risk out there right now, but it’s certainly slowed. And just like the risk on inflation is actually to the downside that they’re completely missing the risk to the labor market for being overly restrictive also exist to the downside. So once again, this is another major policy mistake from Jay Powell. This thankfully we have Trump in office and the Trump Economic Miracle 2.0 where these rates aren’t a hamstring on us here.

Uhuh. So you know, again, it will be interesting. I think the most interesting part of his meeting will be the Q and A. So stay tuned. We’ll be reporting on this here after the close and tuning in certainly tomorrow. One question that he almost certainly will be asked is about the US Dollar. I’ll go ahead and share this chart here. As well as we’re seeing the US Dollar, you know, really big fall here today, hitting its lowest level in four years.

[00:20:34]:
I’ll go ahead and zoom out for you. But this has been a big call of ours from President Trump’s inauguration. We said the US Dollar was going to fall, we said yields were going to fall. Now yields, obviously we would like to be lower here, but they have fallen since Trump was inaugurated, similar to what we’re seeing here in the dollar. So no big concerns for us here. And as Trump and, and you know, his fantastic Treasury Secretary Scott Besant has pointed out since day one, this is not a bug, this is a theme of their economic policy. Okay. Um, I know there’s a lot of worries out there, especially if you’re tuning into the financial mainstream media.

You know, they’ve got all kinds of ways that they’ll make this look like it’s something bad. Okay. And I think the key differentiation here, that’s, you know, it’s tough to conceptualize in some ways, but there’s really two ways of thinking about the US Dollar. Your purchasing power here at home and then your currency value, globally speaking, as the, the world’s reserve currency. Now, the mainstream media would love to focus on a number like this and say it’s hurting your purchasing power. Well, no, the weakness in the US Dollar doesn’t necessarily mean you’re paying more at home that this is going to be hyperinflationary. I’LL get to that in a second, you know, but they will say it somehow devalues your savings or your retirement accounts, but it, it, it’s simply not the case. It’s easy to confuse this here, which is why they play on that angle so much.

But again, you know, the global currency status like you see there is, you know, compared to other currencies, and then your purchasing power is how far your dollar goes here at home. So you can actually absolutely see prices come down here at home and deflationary aspects and some weakness of the US Dollar on the global stage, which is not necessarily a bad thing. Right. There’s a few really big benefits to that here. Okay. Number one, it enhances export competitiveness. Right? It makes US Goods and services cheaper for foreign buyers. This leads to increased production here at home, bringing back manufacturing to the US because it’s cheaper to make things here at home.

[00:22:57]:
That’s also another major theme of the Trump economic miracle and something we absolutely need to do just for American sovereignty. We have to make things here in the U.S. okay, but even on that front, it’s not like it just benefits US Companies. This will benefit multinational corporations as well. It incentivizes, again, bringing back manufacturing and helps their exports because they’re cheaper to buy abroad. But most importantly, you know, expensive imports, nudge. Give a little nudge to the consumer and to businesses towards domestically produced alternatives. Number two, and this is an important one here that many of you are likely aware of already, manipulation of currencies.

China is a huge one in this, but there’s a number of other countries that do it as well. China’s just the biggest. For decades, China has weaponized their currency and devalued the yuan to make their exports more attractive. Okay? And again, it’s not just China. Many countries follow this playbook, but this was Trump’s game plan in his first term, which is why we said it in his second term, the dollar would head lower. And, you know, with Scott Besson as his secretary Tre. Treasury Secretary, I’m even more confident in it now. You know, we’re really in the early innings of this year, but it should help offset the economic advantages of countries like China.

[00:24:32]:
This is more of a return to normal, right? It enhances our competitiveness on the world stage. It enhances the competitiveness of our exports. Number three here, and this is a big one because it goes right along with our theme from our book, the Big Bribe, Financial engineering. Okay? It lifts earnings for US Multinationals as well. When overseas revenues come back to the US A weaker dollar will boost their reported sales and earnings. Okay. Again, this, obviously we see a big increase in earnings. That’s going to support equity prices.

It’s going to increase their stock prices, which is why we do remain so bullish on earnings here. We think earnings will increase in 2026. Once again. GDP will increase here in the US once again. I mean, I just saw, I think it was from the imf, you know, their global growth projections. It’s like Nothing for the US 2.1%. That’s Obama era stuff. Okay? Trump’s waved his magic wand.

Now remember Obama’s comments. What magic wand are you going to ra wave to increase jobs here in the US to increase gdp? Well, we’re seeing it unleashing American productivity, get the boots off of our throats. Lower regulation, less regulation, lower taxes, just get out of our way and let us do our thing. That’s the magic wand. That’s all that it takes to boost GDP and increase job growth here in the U.S. a couple more here for you. It boosts tourism here in the US So if you’ve had a trip to Europe planned, you know, I’m sorry, it’s going to be a little bit more expensive. Right.

But there’s some fantastic places to travel here in the US as well. You know, I have no problem with foreign visitors coming to the U.S. right. Just don’t stay here. Don’t, don’t overextend and think that you’re moving here. No problem. You know, if you’re going to move to any European country to get away from Trump for whatever reason, just know all of the hoops that you’re going to have to jump through to become a citizen. Why are we not allowed to do that here in America? For some reason, I’ve got a good friend who, you know, a couple actually who’ve moved over to Europe for, for a few different reasons.

[00:26:54]:
Right. None of them Trump based though. Okay. The amount of paperwork and background checks and all of these things that they have to go through, it’s only for American citizens. Of course they’re, they’re letting anybody else come in, but it’s an incredible obstacle to get citizenship in those countries. And apparently they just don’t like it when we do it. Overall though, kind of a bow on this of benefits of a lower US Dollar. One more that we’ve seen under Trump already is, I mean, trillions of dollars being invested here in the US A lower dollar increases that as well.

Okay. It leads to capital inflows into the US and once again, the, the main misconception here is the currency value on the global stage versus purchasing power here at home. You can absolutely have a lower dollar and not see hyperinflation. If we’re making more things at home and bringing down costs here at home, then inflation is not going to be a problem, even with a weaker US Dollar. All right, just check, checking my notes here. Another one that, that Kip covered yesterday. Like I just kind of touched on. Inflation is not inevitable in this, a major one, Energy.

Right. Under the Biden administration, we became not energy independent again, which Trump did make us energy independent during his first term. Okay, so if energy cost and more energy production here in the US Another major factor of why a weaker dollar won’t affect us, because we’re making energy here at home. We’re producing energy here at home. That could be oil and gas. I’m even fine with solar. Definitely want to, to take away the regulations behind nuclear. We’ve got to ramp that up.

[00:28:51]:
And of course, Elon’s big project working on battery storage as well. That’s going to be massive. Okay. And lastly, you know, a big one that the financial mainstream media is going to touch on with a weaker US Dollar is its threat to losing our global reserve currency status. Now, CIP covered this yesterday as well. Gold has surpassed the US Dollar as the larger, largest global reserve asset. Okay, that’s fine. But do you really think countries are about to start trading in gold to buy international products, to buy oil? No, I don’t think that’s going to be the case at all.

And I don’t think anybody is really saying that that’s going to be the case. But if you, if you really think about this seriously compared to the US Dollar on the global stage, there’s no other game in town. Okay, what other currency are you going to switch to? You’re going to switch to the Chinese yuan and really, you know, let a authoritarian communist dictate trade on the global scale? Absolutely not. Right. That’s not even a serious consideration in so many ways. You’re going to let a country that, that has practiced and weaponized their currency by devaluing it year after year. Why would you, why would you trade in that, why would you save in the Chinese yuan when you know they have absolute control over devaluing their currency and have done it time and time again? Again, Trump isn’t trying to weaponize the dollar, so to speak. It will be weaponized in this sense, but it’s not a game plan of just let’s bring it down to zero, right? No, no, this is a normalization of the dollar compared to what these other countries have done to us.

All right, next you’re going to go to the euro. You’re really going to let this over regulated EU dictate global trade. Right? Look, look at their growth projections. Even the IMF couldn’t hide it. Europe is falling, right. It is abysmal their growth levels. There’s only been a handful of big companies that have even come out of Europe. Europe, innovation, come on.

Compared to the U.S. right. They’re talking about doing deals with China for electric vehicles. They’re outsourcing all of their innovation. They’re the regulation economy. So no, the eu, the Euro is not another viable option. Maybe one day you could say it could be a digital asset like Bitcoin or another cryptocurrency, you know, but based off of our work that’s still decades away. Okay.

[00:31:38]:
You know, I do love the independence of a cryptocurrency. No Federal Reserve. Right. Theoretically decentralized. They can’t print more of it. There’s only going to be 21 million ever and it only goes out eight decimal points, eight satoshis as they call them. So no, there is no inflation from the money printer point of view. So I could get something like that.

But again, you know, we’re just starting to build out the framework of, of getting there now. It will be interesting to watch what happens this year with the tokenization of assets. All right, all of that said with the Fed, the dollar earnings. Let’s jump into today’s market out. Well, I didn’t point out the biggest reason of all why the US won’t lose its global reserve currency status, whether you like it or not, is the strength of the US military. Right. That’s really the biggest reason of all is that the powers that be simply won’t let it happen. If it were to look like something were going to happen, I expect some type of a hot conflict.

Right? It’s the strength and might of the US military. That’s what backs up the US dollar. For everyone saying oh it’s just a fiat currency, they can print it into oblivion. Nothing backs it up. That’s what backs it up. The US military. All right, so for our market action on the day, I realize I’m a little long winded there. All right, our leadership on the day.

[00:33:05]:
NASDAQ leading the way. Higher. The nasdaq. Still got some work to do here to get back to all time highs. Not too far away from that Level now though, you know the all time high just above 24,000. Closed out the day 23,860 17. Good day today. As a matter of fact, I think another day like today we’ll be basically right there at all time highs and just what you want to see.

Semis leading the way 2 to 1 outperformance from the semis today up over 2% hitting an all time high. Next up for our major indexes, The S&P 500 did hit an all time high just below $7,000 right now at 6,978. Again great to be here with you on a day with all time highs. Next up, small caps were up slightly on the day to day up 0.3% and we did get an all time high from the Russell 3000 on the day today. Our laggard on the day, you know, a bit of a bifurcated market here from this point of view was the Dow Jones down 400 points on the day to day. Of course not great to see now what we want to see there. But excuse me, a big reason for this. United Healthcare absolutely got crushed today following yesterday’s news that the Trump administration will keep Medicare reimbursements flat next year.

UnitedHealthcare was down almost 20%, 19.6% on the news today. Let’s see here. I had one other factor I wanted to point out. All right, well let’s move on. If it comes to me, I’ll come back to it. Looking at our internals here on the day to day, you know, not bad numbers here, pretty good and especially good on a day with the Dow down 400 points. My screens are not refreshing here. Well, I’ve got some notes.

[00:35:11]:
Advanced decline coming in positive for both the NYSE and the NASDAQ. No big 2 to 1 beats or anything. 52 week highs and lows, good numbers here, over 4 to 1 positive on the NYSE. Over 2 to 1 positive on the Nasdaq as well. Lastly here, volume also coming in positive on the NYSE. But a nice beat on the NASDAQ over 2 to 1 positive on the day today. Looking at our sectors on the day, nine out of our 11 SB 500 sectors finished higher on the day to day. Let’s start with the losers.

As I said with United Healthcare, that news from the Trump administration really crushed a lot of these healthcare companies. No love lost there really. CVS down 13 again. UnitedHealthcare down 19.6. Humana down nearly 20% as well. So about what you’d expect and the financials were lower on the day. Our leaders on the day. The tech sector, exactly what you want to see.

Utilities having a big day today as well. Energy right in the range of all time highs. But we did get a couple, excuse me, one all time high today. Consumer staples all time high from our sectors finally here for today. And I’ll wrap this up here for you with our VRA Commodity watch. Gold in the last couple of sessions just blew through $5,100 now above $5,200 an ounce. Had a big move higher at the close today as well. Now trading at $5,203 an ounce.

[00:36:49]:
And you know, we’ve seen a lot of outperformance from GDX lately. Still a good day today. Just below its all time highs was up 1.6 68%. Let’s see next up here, silver. I’m getting a little late here today so I think we’re into futures trading now. Silver, you know below its all time high of 117 now at $111 an ounce. Incredible move here as well. Copper now at $5.94 a pound and oil was up today to $62.51 a barrel.

Finally here for today, crypto. You know, this is one that obviously did not have a great year last year, but you know, really looking for another big year from bitcoin now up 1.25%, below $90,000 but again up on the day, $89,443 a bitcoin folks. That is all that we have time for here today. Please be sure to tune in tomorrow at 8, 8:30 Central, 9:30 Eastern Time at the Market Open on Schwab Network. I’ll be with you there. Looking forward to that. And as always, please be sure to subscribe to receive our VRA podcast every day at the Market close. You can sign up@vra letter.com, click that podcast link at the top.

You’ll see our transcripts and everything that we have to offer there as well. So thanks again for being here with us today. Yeah, I’m trying to think if I had any final notes here, but I think that’s about it for the day. Thanks again for being here with us. We’ll see you tomorrow after the close.