Welcome back to the VRA Investing Podcast! In today’s episode, host Kip Herriage breaks down the latest market action and shares his seasoned perspective on the current investment landscape. He kicks off with a time-tested lesson from his first mentor—when uncertainty and volatility hit the markets, it often presents a prime opportunity for savvy investors.

Kip Herriage [00:00:04]:
Don’t look back because the market is closed. Good Monday afternoon, everyone. Kip Herriage here with the VRA Investing Podcast. Hope you had a good day today. Hope your weekend was fantastic as well. We have, uh, some things to talk about today that are important. Before we get to that, uh, what a day it was, by the way. What a, uh, when bullets fly, stocks are a buy.

That’s just, uh, my first mentor Ted Parsons taught me that a long time ago. I did not believe him. I thought it sounded like crazy talk. I thought it sounded like this is when you could hardly have more risk. And he’s like, hey man, you don’t have to believe me. You know, now get out of my office, get back to work, stop wasting my time. But of course Ted was right as he was about pretty much everything. Uh, it just is a great guy.

Miss him. Rest in peace, Ted. Uh, Michael Metz too, while I’m at it, at Oppenheimer. Miss you both. I think about you guys all the time. Anyway, two things to talk about today before we get to it. First of all, I’m going to be on Wayne Allyn Root’s show with— it’s a joint podcast, joint TV show they do with the Gateway Pundit tonight at 7 o’clock Eastern. You can always watch that right from Wayne’s Twitter feed.

Go to his Twitter account, you’ll see live right there over his head. It used to be when the show starts. That’s usually how I watch it if I’m out and about or whatever. And listening in at least. And I’ll be there at again 7 o’clock Eastern. One hour after that, we’re going to have our next VRA member Zoom for our VRA members here. Tonight’s focus is Lost Soldier Oil and Gas, a project we’ve been involved with for about 4 years. We’ve got some good updates tonight from Mark Brunner and team to talk about Lost Soldiers.

[00:01:40]:
So I hope you can join us both, uh, join us for both of those tonight. Wayne at 7, Eastern. Lost Soldier at 8 Eastern. If you need those links or anything, they’re in our emails. Today we send out our letters. If not, you can always reach us by email. Most of you have my phone number as well, so you can call that anytime. Okay, this is our playbook.

If you’ve been joining us here, you know, this was the playbook we were looking for, and it’s the one we’ve been looking for now for about a week and a half because we believe that it was likely that an attack against Iran was happening, was going to happen. We were hoping it would not, as are most Americans who aren’t in favor of this. That’s just the reality of it. At the same time, though, while I’m not a fan, matter of fact, I detest the military-industrial complex and what it’s become in this country. Iraq and Afghanistan, that’s what did it for me, and other actions, of course, that typically either by George Bush or Democrats, but Trump is a different kind of guy. And I know that he’s got his detractors. I know he’s got his haters. There are things, I can’t think of anything, I can’t think of a single person where I like every single thing about them, except for my wife and our kids.

[00:02:58]:
But besides that, there’s always something you don’t agree with, right? And with Trump, he’s just an old school New Yorker. I happen to know a lot of those folks growing up with them in New York. And so you just kind of learn to take the good with the bad. At least that’s how I’ve always taken Trump. But the good so far outweighs the bad. That’s the biggest problem that I have with what I’ll call Trump haters. That’s the biggest issue that I have is look through that, look through the other stuff. Yeah, there’s some big stuff.

The jab’s still in the market. I’m not discounting any of that. I’ve been one of the biggest people out there talking about it. Matter of fact, it’s why I supported Ron DeSantis for president instead of Trump, because of these jabs. I stand by all of that. These things are deadly. They’re still on the market. It’s a depressing subject that very few people want to talk about anymore.

It’s a horror story, and it will remain that, and it will be a blight on President Trump’s presidency and his history from now on. That— I don’t know that he can make that right. But let’s move on, because with certainly with the military and the military-industrial complex, this is the one guy that I do trust. And I trust him inherently because I believe he really means it. He doesn’t want boots on the ground. He loves and respects our military. He doesn’t want to put them— yes, they’re in harm’s way, obviously, okay? We’ve already had 4 soldiers die. These are our best and brightest, these true American heroes, and they’ve already passed away from this.

[00:04:27]:
And I think that weighs on Trump, and that’s why we’re not going to have boots on the ground, right? And I believe that when he’s used our military, he’s done so kind of pinpoint precision. We’ve seen that, haven’t we, today in both of his terms? And again, I have every reason— I think we have every reason to believe that’ll continue to be the case. But the sooner they get this over with Iran, in my opinion, the better, right? I’ll repeat, This would not be happening if we weren’t buddy-buddy with Israel. It just would not be happening. I know that Trump’s made his case that Iran’s been an enemy of ours on the world stage forever. I know that Iran’s responsible for killing a lot of American soldiers, all of that, the nuclear thing, all of that. But it’s the timing of this that feels suspect to me, what really brought this on. But this is not that podcast.

I’m just putting— I’m just telling you what my thoughts are. I’ve been around a long time. I have my own views about Israel. I’ve got a lot of great friends that are Jews, including Wayne Allyn Root. And Wayne and I have these conversations. He’s one of the few people I know where you can have an absolutely, like a bone-chillingly honest conversation, and he doesn’t back down, and he’s not offended, right? He just, he loves the, he loves the debate, and he, and he, and he loves just having an honest conversation about it. But again, we’re there. You also can’t change the past.

[00:05:55]:
We can’t change anything that happened one second ago. So let’s focus on the future. And again, I think this outcome is going to be what we talked about. This was going to be our playbook and it was going to be our opportunity to get even more aggressively and confidently long this market. I think that’s a real important point because, yeah, we have a lot more bulls than we used to. Bull markets tend to have that effect, right? You see it in the sentiment surveys. But look at what just happened over the last few weeks, right? We had a bad second half of February, right? And by the way, back it up a little bit. Software stocks started going down last November, right? Bitcoin topped at the end of last year.

So it’s not just software stocks, right? And it’s not just the last— and Bitcoin in the last half of February. There have been segments of this market that have been getting smoked. Momentum stocks getting smoked. And so we’ve all felt that, right? We felt it in the VRA portfolio. So Yeah, this has had an impact on every investor certainly that we speak with. It’s had an impact on me. Look, we’ve been extremely happy with our gold, our silver, our mining stocks. Okay, those, those have made up for a lot of sins, let me be honest about this, over the last couple of months.

But look, this is the way the market— this is the way a bull market operates. It’s rotational in nature. And what we’re seeing now, folks, is textbook bull market action. I’m going to come back to this because there is a FIFO situation right now that’s taking place right now. That’s first in, first out for all you that didn’t take accounting, right? I had to take 19 hours of accounting to have a marketing degree. Someone please explain that to me. I hated accounting classes, absolutely hated it. I had to take— and I graduated like after the summer sessions.

I had to take 9 hours of accounting in my last 2 summer sessions. I went to Sam Houston State University. We call that the Harvard of the South here in Texas. But I had to take 9 hours of accounting, and it almost killed me. That’s— I just, I, I just hated it. Almost, I almost thought, you know, maybe I shouldn’t even get a degree, but I’m like, that close, I gotta do it, right? So, but anyway, FIFO, first in, first out. This is— we’ve been talking about this with you here now for about I think it says Bitcoin bottom at $59,700, right? We’re like, look, this looks like a bottom to us. It looks exactly like a bottom to us.

And Bitcoin led lower, right, from last year. What else led lower? Software stocks, momentum stocks led lower from last year. And what happened on the same day? Like, this happens so much and almost nobody caught it. We did. Bitcoin And the software stocks and a lot of momentum stocks bottomed on the same day. Bitcoin, again, 69— excuse me, 59,700. And software stocks, IGV, actually bottomed, uh, what was that now, about a week, 9 days ago. And again, that, that, that has been the lows.

[00:08:50]:
Now Bitcoin is leading higher. This is the way it works, first in, first out. Bitcoin’s leading higher now, 69,392. It, it, it taps $70,000 today, right? Uh, the software stocks, IGV, that’s the software ETF, also led higher again today and has been leading. Now that needs to continue. You know, this, these could be dead cat bounces. I don’t think so. I think the lows— we said this for some time now— the lows are again that $59,700, call it $60,000.

That’s the lows for Bitcoin. If you know your history of Bitcoin, and we know ours, we’ve been in it you know, since 2017, 2018, we’ve done quite well. Um, the history tells you that whenever Bitcoin has a 50% correction— 5-0, 50% correction— that the next year is higher, and the average gain, average return is 125% over the next 12 months. And I think that’s what we’re seeing now. I think those lows are in. Tyler was just telling me that the, um— oh, Tyler, where are you? I forget the name, the Challenger Act or the— it’s something that starts with a C. There’s legislation going through Congress that is apparently making real progress that’s really going to cement Bitcoin and other cryptocurrencies with really hard legislation and regulation. Now, to some people that won’t be so good, but it needs it, right? We’re not going to be able to get everything on the blockchain.

We’re not going to be able to have everything functioning like, uh, uh, I mean, like, like a normal, like a normal investment until that legislation takes place. And so apparently that’s making its way through Congress. So again, the lows for Bitcoin in, lows for software in, ridiculously oversold on these AI fears. Okay, um, over the weekend, and I, I couldn’t believe this, Wall Street Journal— I should have shared this in this morning’s letter, I’ll try to remember to do it tomorrow morning’s letter. The Wall Street Journal and Greg Ip, he’s their top financial guy at the Wall Street Journal, Greg Ip, he’s very, very good. Been around there a long time. I’m surprised he’s never jumped ship, especially with the way Wall Street Journal has changed, but he’s still there and I’m glad he is. Put out a piece over the weekend and said, if you’re waiting for the AI apocalypse for jobs, you’re going to be waiting a very long time.

And it just had great data about what’s really happening. No, jobs are not being destroyed, not in any industry. Jobs are being added, even in the world of tech. Now, the number of programmers has dropped steadily now for a number of years, but everywhere else, even in coding, everywhere else, job growth is taking place. Again, we told you for a long time, and it’s just backed up by history. It’s just backed up by history. It’s undefeated. The advancements in technology, right, have never created fewer jobs over history.

Go back as far as you want. They’ve only created one thing. That’s more jobs. That means it’s an undefeated repeating pattern. Now, will AI be different? Yeah, maybe. I mean, I don’t have a crystal ball exactly, but we should all be shocked if it does. But there’s so many stories out there, right? Uh, these perma bears, this is— they always find something to hang on to, and this is their big one now. The Michael Burrys of the world and so many others that just— I don’t know what it is, they just hate buying stocks.

[00:12:19]:
Although Michael Burry is long GameStop now, uh, which is fantastic. I, I am concerned about GameStop because of that, because Michael Burry’s track record has been so bad. Over the last decade, but that’s just a reality, right? Because he’s always fighting the primary trend. Why would you ever want to do that? The primary trend is primary for a reason. And I think that’s what a lot of people— and I have such great conversations with so many of you, by the way. Thank you all for listening. You know, we hear from people that we had no idea were here listening to our podcast because, you know, we just don’t communicate. But I see your name.

I know your name. Like, I didn’t know. I didn’t know she was listening, you know, so it warms our heart. We love your feedback. Thank you very much. Again, we always try to honor that and we do it with maybe not the best podcast in the world. Certainly in my case, Tyler is much better at this about giving you hard data and things. But from my point of view, it’s just my experience of 40 years and try to tell you exactly what I’m seeing, right? Being as truthful and honest with you as possible about what I’m doing in my own portfolio.

What we’re doing in the VRA. And what I really think is going to happen— and I think that’s worth something, uh, because, uh, you know, again, we, we have had a good run. And by the way, that’s because we work our ass off and we love what we do. So again, thank you for your feedback. Um, and I, I do think that, you know, the lows are in. I think this morning’s lows— as we said, when bullish flies, stocks go by. I mean, that, that is just true. That has just held it for a very long time.

So that means this morning’s open, uh, the low— actually, the lows were about 3 AM when I woke up, Dow futures down 750, NASDAQ down 400. And I don’t play the futures markets, but if I did, I can tell you what I’d be buying, right? I would have been buying futures. I just, uh, you know, I, I, I’m not a futures guy, right? I, I, I’m a hardcore stock jockey is what I am, and market timer. But again, the, the opening lows— what was it? Dow minus 540, 550, NASDAQ down close to 300. Uh, we, as we wrote this morning, that the opening lows will be the lows, and they were. Buyers came in immediately. We certainly did that here in both the VRA portfolio and in our Parabolic Options program. And, uh, you know, look, it was a little bit, uh, kind of a, a, a slow start.

We did— we had, you know, a good comeback, but it just kind of sat there, right, down 300, 350, you know, right on the edge of going higher or lower. But then here came the buyers. And then the internals, right? This is such a great story that very few people are talking about, is these internals just continue to be rock solid. Remember last week we had a couple of down days— excuse me— when the internals, uh, were barely negative. If so, like we’re talking about Dow down 500, 600, 700 points, NASDAQ down 200, 250, and yet the internals are positive. That is a tell. That is a straight-up tell. And anyone that’s not looking at that I don’t know how that you even think you can begin to time the market or pick the market’s direction if you don’t know what’s happening underneath the hood.

This is what the VRA system is comprised of to a large degree, uh, and again, 70% fundamental, 30% tactical. And we, uh, we pay very close attention on everything we do. Everything we do, uh, we first go there to take a look at what our system’s saying. Uh, but yeah, I think the lows are in. As I wrote this afternoon, to our folks. I would expect this week to be a melt-up week. I really do. I think that everyone that was bearish, I think it’s now been caught.

[00:15:46]:
And I also think it’s Trump haters. I really do. Look, I’ve seen this in every administration, right? When Obama was president and the financial crisis happened, again, that really wasn’t his fault. That was Bush’s fault and before him, right? Really, the Fed hiked rates 17 straight times, 2004, 2006. It was their fault, but that’s the planners. Like different stories, different, different podcasts. But when, when Obama was president and QE started, I mean, I just, I bought into it hook, line, and sinker. I thought, this is going to be the kiss of death.

We’re going to have hyperinflation. There’s no way I’m going to have exposure to this market. I then spent the most 4 brutal months of my investing career betting against the primary trend, which was higher. And I find, I said, so what am I doing? You know, I came out of my stupor and I realized I had to get back with the primary trend. I really, from that point on, I just don’t fight the primary trend, you know. Short-term, you know, shakeouts are one thing, but when you have a primary trend, you know, that’s when I made my mistake. So anyway, that’s what we— that’s what we stick with. But I watched as people that really detested and hated Obama just could not commit to going long.

They shorted every rally, they lost their butts. And I was just watching going, they’re not investing, they’re, they’re They’re playing their hatred of Obama, and that’s not how you invest. Then when Trump got elected, we saw the same thing in his first term. Trump haters, a lot of Democrats and some Republicans, they simply could not believe or even anticipate that Trump was gonna have success. They were absolutely certain he was gonna fail. Then the same thing with Biden. As you remember, it’s for our new folks, When Todd and I wrote The Big Bribe in 2022, yeah, Biden was still president. But in that book, which we spent a year researching, the data was just overwhelmingly positive.

This was a structural bull market that was being given birth. Now, that structure came from Trump’s first presidency. Let’s be clear. Biden gets no credit for that. But at least he didn’t mess that up. And he could have, but he didn’t. Got to give him a little credit, right? We actually covered this in the book, The Big Bribe. I think I dedicated a couple of pages to will Joe Biden be like the Bill Clinton president? And it really did kind of work out that way.

Clinton, for those who have forgotten, and you can only think of Monica Lewinsky and cigar stories, just what a gross human being, right? But you may have forgotten that the top return for any president over an 8-year period, 2 administrations, is Bill Clinton, like 27.2%. No president’s come close. I don’t know that any will. You know, look, Trump’s presidency first, of course, got interrupted by the pandemic. And now, you know, this final 4 years, he just wouldn’t be able to catch Clinton because Clinton did it over an 8-year period. And every year was pretty good. Of course, we had dot-com during Clinton’s time too. But anyway, you know, people do get caught up in the president.

And who he is and just can’t see. It’s like there’s a wall in front of them that they can’t see past it. And I’m seeing it now. I’m seeing it now with even Republicans that just don’t like this guy, and they’re just convinced the markets are going to go down. Look, maybe they’re going to be right, but that’s— I’m telling you, that’s not how you beat the markets, right? You got to pay attention to what actually matters. And what matters more than anything It’s what’s going parabolic right now as corporate earnings and corporate margins— we focused on this last week— these charts are going parabolic. Trucking is going parabolic. We have a new Dow Theory buy signal.

That’s when both the Dow Jones Industrials and Dow Jones Transports hit an all-time high, I think like in about the same couple, 3 days apart, right? But they did it on the same day. Uh, Tyler did a lot of work on this. That’s a Dow Theory buy signal. Historically, that, that has been a significant buy signal. And the trannies again, you know, just off all-time highs now. But trucking is doing well. We covered last week flatbed trucking is going parabolic. That’s the first sign that trucking’s coming back.

And what does that tell us? It tells us manufacturing is coming back. But isn’t that common? Didn’t we know this? Isn’t that common sense? This is what Trump has done tariffs for, right? This is what he’s trying to bring back, manufacturing in the middle class. Everything he’s done is based in that. And it’s working. And again, this is the first quarter. We have the one big beautiful bill. Earnings are going to be extraordinary, extraordinarily good. We’re going to have U.S.

00:20:18]:
GDP growth of 5% soon. I think we can still have it, uh, I think it could still happen in the month of March, meaning it would happen in the first quarter. But if not, it’s going to happen early in the second quarter. That was our forecast from last year, Q2. We said before Q3 we’d have 5% GDP growth. But anyway, at some point I think in the next 2, 3 months, you’re going to see that 5% print. And so I think that’s the structural nature of this that we have to stay focused on. Everything else is a countertrend.

The primary trend is what we’re looking at. And now we’ve got this big fear attack of Iran out of the way. And let me just say briefly here, Iran’s toast. Look, we have to be careful about this though. And I know with certainty. While they’ve not talked about the media that I’ve heard, Trump and Hexeth, who by the way, what a rock star this guy’s been, but Trump and his entire, his generals, his military, all of this group of people, these are brilliant military strategists. They’re also very aware that they cannot wipe out Iran’s military. There’ll be a power vacuum in the Middle East that would not be good for the US, right? There’s a strategy where they kind of want friction from one country to another, especially Iraq and Iran, if you know their history.

And so we just can’t wipe them out. That wouldn’t be good for anybody, not for the Iranian people even, right? But when we saw— was it yesterday or day before— Iran attacking their own neighbors, you know, sending missiles against their own neighbors, that right there should have been a big tell for people. It’s over. Right? Not only are Russia and China— should be reversed that— not only are China and Russia Iran’s biggest allies outside of the Mideast, not only are they not coming to the rescue, and why would they? I mean, look, if you— one thing about this, you know, about the US and Israel, if you take the US and Israel on militarily, you will lose, and it’s a million percent probability. Right? That’s just the way it’s going to be. And so again, we have a lot to be thankful for because of that relationship. And again, I have my own problems with Israel, uh, that goes back to 9/11, just, just to be clear about that. Uh, that’s maybe another topic for another podcast, but that’s where, that’s where my questions and continue to come from.

Uh, and it’s frankly reached, it’s beyond questions. It’s a, it’s a fair amount of certainty on my part now. And I think a lot of people, that have done their homework have reached that same conclusion. But again, so many things again to be, to be thankful for in this relationship. And one of those is just don’t take them on, you lose. Now Iran’s done that. Now they pissed off their own neighbors, right? Uh, in one statement, a joint statement last night from Bahrain, Jordan, Kuwait, Saudi Arabia, and the UAE, where they condemned Iran while praising the ongoing coordinated air campaign against Iran. That was a lightbulb moment for me.

When I saw that, I was like, it’s over, it’s over. So look, we never need to be too cocky, too arrogant, too sure of ourselves, because look, anything can happen and does happen in war. So that’s of course something we’re going to pay attention to. I think we’ll probably have some additional volatility this week and maybe into next week. I don’t see going beyond a couple of weeks. Trump has said 4 to 6 weeks or whatever, or longer. Again, I think that’s positioning. Who could fault him for that, right? You don’t want to give away your strategy.

But I think that the heavy lifting is probably already done. I think they’ve really destroyed what they want to so far. Of course, that first strike took out all of Iran’s leaders. I mean, good God, what— I really look forward to getting the inside baseball on how that happened, along like very similar to what we did when we took out Venezuela’s leadership. I mean, it’s just, again, these guys are good. Uh, but, uh, I’m glad we’re on the same team, I’ll put it that way. Um, but again, I think Iran is, uh, I think that the heavy lifting is done again, but we could have some volatility. But those, any downside action in the markets from any surprise attack or anything, it hits the markets, and hear me on this, that’s going to be a buy signal.

That’s going to be a buying opportunity. This market’s going higher. Let me cover just a few of the reasons, okay? I wrote this up this morning, but these are important enough that I, I want to cover them here. Remember, February’s weak. March and April are two of the strongest months of the year. What month are we in now? We’re in March. Dow 30 buy signals in place. Our big three, right? Trump economic miracle— again, this is that big picture— Trump economic miracle, innovation revolution, absolute liquidity.

[00:25:06]:
That’s been our playbook now for some time. Why would we change? This market, I think the lows are in, not only for this quarter, for March and April, right? I think the lows are in for the year. I’m very hopeful that they’re going to pass the Save America Act. If they don’t, they deserve to lose the midterms and they will, but I believe they’re going to. And I believe, in my view, Democrats wouldn’t have won an election in a decade without cheating. I think this election’s been rigged to the point that it’s laughable. And I think that this country would have looked very different if we had an honest voting system over the last decade. I think it goes back, as far as my observation, it goes back to Obama’s second run, right? When he went up against Mitch Romney.

Good God, it’s been a long day. I got another long 8 hours ahead of me, and a long weekend, by the way, too. I’m gonna hang up, and I know you’re all screaming at me now. It’s Romney, okay? Mitch, right? It’s Mitch, right? I wanna say nipper, snipper. My name is Kip, so I really can’t talk any smack against him. But anyway, Romney, I believe he won that election. I believe he won it maybe fairly easily, But again, rigged election. So I think they’re gonna pass by hook or crook, they’re gonna pass the Save America Act.

Wayne Root seems confident about it. He seems very, actually, I was gonna tell a story, but he seems very confident about this. You know, how they’re gonna get it done, filibuster, act, what have you. Grant Stinchfield, of course, is another good media friend of ours. Great guy, Grant, had a chance to meet him in Dallas a couple weeks ago. And, um, he’s confident but not as confident as Wayne. But I do think it’s going to get passed. I think that the markets will figure that out.

And remember, they’re a discounting mechanism. Again, this— I think the next 9 months of this year could be barn burner. And I think they will be. All right, that’s how we’re positioned. That’s how we see it. If that changes, we’ll be the first to tell you. Because again, honesty and truthfulness, that’s at the top of the list of what we want to communicate to you. Because otherwise, why would you listen to anything we tell you? Corporate earnings and margins, we talked about that.

And this is, this is so powerful. This is so powerful. As bad as the parts of the market had been, as rough as February was, the S&P 500, the median stock in the S&P 500 was up 4% in February and is up 7.8% in 2026. The advanced decline line for the S&P 500 closed at its highest level in history on Friday. Remember, the Dow was down, uh, you know, 700 points. Now S&P 500 down, uh, 1.2%. Yet somehow the advanced decline line— that’s the internals we’re talking about, and this is the action beneath the surface that continues to flash buy signals in the VR Investing system, which is why we remain at 10 of 12 screens bullish. That is back up the truck territory, just to be clear.

And so I think people that have, uh, that have kept the faith, I think you’re going to look back at the buys you’re making maybe this morning like we did. You know, we added to our, uh, leveraged ETF positions and, uh, and NASDAQ 100. We added to our leveraged ETF positions, the small caps. Again, they were up 0.9% today. Small caps went green first and just never looked back. Small caps are up more than any index in 2026. When small caps run, they run hard. And guess what else they signify? When the small caps run, they signify a strong economy.

The only thing I was confused about today was actually the bond market. 10-year yields just jumped back over 4%. Now that’s not normal. I covered this over the weekend about, you know, the Fed, uh, just basically bathes the US economy and money, okay, flushes liquidity at times of war like this. But yet, and that causes bond yields to go down almost always. That didn’t happen today. I understand everything else that happened today, right? I, I, I understand why gold and silver were up so big and then why they sold off. I understand that gold still finished up like $100, by the way.

 

It’s— but it was up, you know, $161 point. Silver finished down 3. It was up 3 at one point. So I understand that. I understand the miners being off again. That is really a buy the rumor, sell the news kind of a trade. That happens all the time at events like this. I get all that.

I don’t understand the bond market. It’s something— it’s the only thing that has me a little flummoxed, uh, because the Fed, again, they lavish the banking system with money at times like these, and that should have caused rates to go down. But again, that’s putting it out there. How big a concern? Not a big one, just something we’re watching. It’s the only, again, the only thing that doesn’t make sense to me about this move. So that’s pretty much it. Those are the big points. And again, that’s the macro.

[00:30:10]:
That’s the primary trend information that’s more important than the countertrend. And I think that’s what’s, I think that’s what really was paying attention to here. What else today? Oh, as we’ve talked about forever, semis, they closed slightly lower today, but again, they’ve been leading higher all actually since last last April at the tariff mania lows. Again, that’s the big buy signal. So they’re out there and nothing’s really changed. Again, I do think— I think this market could melt up from here and it’s going to catch these shorts, uh, hurting. That’s, that’s, that’s how this happens, right? What else today? All right, I don’t really— I think that’s it. We got our playbook in place.

All right, let’s take a look under the hood. Again, internals were good today, uh, even when the markets were down, the internals were either flat or positive. That is, that is very good news today. Uh, both NYSE and NASDAQ had about 300 more stocks, uh, advancing than declining. Uh, up volume for both NYSE and NASDAQ, 57.6% NASDAQ, 54.6% up volume for NYSE. We also had, uh, what is this, about 80 more stocks hitting a 52-week high, then a 52-week low. Again, small caps leading. That’s a tell.

As I said a minute ago, Bitcoin is leading now. Software momentum stocks are leading now. First in, first out. I think it’s an important point to keep in mind. If that changes, we’ll of course tell you. Uh, in our sector watch today, not quite as good. We had, uh, 4 sectors higher, 7 lowered. No damage done to the downside whatsoever.

The upside, energy, of course, on the backs of oil. Being up, uh, what was it, was oil today? You know, again, at the, at the overnight, oil was up at 1.8%. It closed higher, uh, excuse me, up— no, actually, oil, the high for oil, what I’m talking about, uh, West Texas Intermediate, was $75. Right now it’s $72, but it’s still up 7%. It was up 1.12% of the day, so finished up 7%. Of course, that’s why energy stocks were up. Um, again, not much else to talk about there. Commodity Watch, uh, gold, uh, finishing up 101 at 5349.

Um, I’m frankly surprised it didn’t go negative. It, it almost got there and then it did a U-turn. And remember, the reason that gold and silver are going up, it’s not because we’re going to war. That almost has nothing to do with it. We have a global monetary reset coming. This has been in our playbook and been one of our primary themes, along with the fact that gold and silver were manipulated lower for decades. If you don’t know this story, look into it. I’ve covered it a lot over the years.

And now we’re seeing true price discovery. The manipulation’s no longer happening to the downside. Now these folks are going long. The same major money center banks that were selling it and shorting it illegally are now buying it. That’s the JPMorgans, Goldman Sachs of the world, etc. And central banks as well. So you got every government, every central bank buying it. These are all tells.

There’s something as big as coming here. We continue to believe that there will be a long-term— Trump’s gonna— Trump, Trump, Trump has talked about this in the past, but I think it’s also a tell. He hasn’t talked about it in like a year, but he and Treasury Secretary Bessin have said how cool would it be to have long-term Treasury offerings that are backed at least somewhat, you know, partially by gold, silver, Bitcoin. I mean, this is— of course, I heard that, my ears perked up right away. And look, all you look at, look at the action, look at what these precious metals are doing. And I think that’s what a lot of people know. I think all the insiders know this is coming. That’s why these dips will continue to be short-lived.

Gold $5,300. Again, our target’s $15,000 now. Silver $90. Again, today was high was like $95, $96. It’s right now down at $90 an ounce. Down $4 an ounce on the day. But again, I think these dips will be short-lived. Again, our target there is $300.

I, I think it’s entirely possible both those targets are too low, uh, but those are our targets looking out to about 2030. Okay, uh, copper today, uh, down 1.5%, $5.96 a pound. Again, crude oil $71.65. And finally of the day, Bitcoin last trade here, $69,000. 392, as we covered a minute ago. Those lows are in, and, uh, this is a, um, it’s a good time to buy this dip, right? Good time to buy this dip. First in, first out, for sure. All right, folks, that’s it for the day.

Hope you had a great day and even better night. We’ll see you back here tomorrow after the close.