In today’s episode, Kip recaps a remarkable day for the markets, especially for the bulls. He explores the power of pattern recognition in trading, drawing on decades of market experience to discuss the importance of repeating market cycles—particularly during periods of volatility and correction. Kip shares his optimism about the structural strength of the U.S. economy, the bullish signals from semiconductors and tech stocks, and why he believes we’re at the dawn of a once-in-a-generation bull market fueled by technological innovation. Plus, he dives into actionable ideas, including opportunities in undervalued sectors and momentum plays, highlights from the semiconductor rally, and thoughts on Tesla and crypto as risk-on assets. Stay tuned for a deep dive into market cycles, investment themes, and where Kip Herriage thinks the market is headed next. Tune into today's podcast to learn more.

Don’t look back because the market is closed. Good Wednesday afternoon, everyone. Kip Herriage here with the Daily VRA Investing podcast. Hope you had a good day today. If you’re bullish, you had a very good day. Listen, I gotta be honest with you, man. These, these shakeouts, they’re brutal. They just, just rob you of your energy.

And I don’t know about you, but this is kind of how I’m built. I don’t sleep a lot. I get up really early, work out every morning, and ready to rock and roll. But when these three to four week mini crashes take place, we’ve been covering this with you. We now have four of these in Trump’s two terms and they’re almost identical. I’ll walk you through that again today. I find this fascinating. I love repeating patterns.

[00:00:49]:
You find a repeating pattern that holds up, you can make a lot of money from that pattern. And I think that’s probably what I do best is pattern recognition. And then, and I’m not trying to pat myself at the back, I’m just saying it’s not enough to recognize a pattern. You have to take a bold move, right? And you have to execute the best trade for that pattern. And I think that’s the one thing I’ve gotten pretty good. I’m bad at a lot of things. I’m a very simple Texas redneck and, but I know that about myself. I don’t pretend to be anything else, but I do recognize patterns because I’ve spent 40 years, you know, a lot of that time getting things wrong.

And I just got tired of making the same mistake again. Right. Definition of insanity. And so that’s what we’re seeing. We’re seeing a lot of repeating patterns that are taking place here that are very playable. We’ll talk about that a little bit more today. Just so much going on. Our view from the beginning of this, this whole thing with the war has been that it was a short term issue.

We trusted Trump, we trusted the military, and we, we, we just knew the, the reality is that, and I’ve said this a bunch of times, I actually got some pushback on this from people. I don’t really know why, but if you’re going up against the United States and Israel in any kind of a military confrontation, just, just, just quit. Be, be France, just, just surrender early. Save yourself a lot of time, trouble, money and deaths, because you’re going to lose. And that’s what’s happened here, what Trump has executed with this blockade against Iran in the street, not the Entire strait. That’s what the media’s reporting, you know, for the first 48 hours. Right. And then they’re like, oh, wait a minute, you mean he’s just blocking Iran’s imports and exports? Yeah, that’s what he’s doing.

[00:02:34]:
Just absolute genius. I, I think we’ll find out. That was probably the plan all along. And now we’ve got China trapped. Iran, clearly this is over. They’re begging for help now. They want this to end yesterday. And so that was our view from the beginning, that this would end, it would end in our favor and that because of the moats that we have around the United States and in every economic area that there is, not to mention the big ones, like, you know what, we’re the best country on the planet.

We know it. We’re the only company that still countries, major countries, still practices free market capitalism, at least to some large degree, much more under Trump than we did under Biden or Obama. And I think that’s only going to get better, by the way. And we have the ability to exercise our freedoms here, you know, First, Second Amendment, etc. Again, these are pillars of American values, what we stand for and you combine that with the economic most we have. Energy, of course, is one of the biggest, I, I, There is no country, there is no country, no region, no continent that I want to invest in other than the United States because I like to play the odds and probabilities. There is no country that comes close to can doing what we can do. And we got the right president at the right time.

You can slam Trump for a lot of things. I’ve done it myself. But the one thing you can’t, I think two things, you can’t slam them over his love of the country and his consistency over the decades of his belief system. And that’s the guy running things right now. And he’s got everybody on the run. He’s got them confused, he’s got the left, I mean, completely losing their fucking minds. Let’s be honest about it. They’re just, they, they’re, they’re completely insane that they’re showing us who they really are.

[00:04:26]:
And so, you know, the way that Trump has pulled this out, just a quick direction change here. I think the way Trump has pulled this off, there is plenty of time, honestly, I didn’t know there would be. There is plenty of time for the country to come around to what he’s done. In advance of the midterms, do we need to Save America act passed? Absolutely we do. Is it going to happen. I’m an optimist who knows if anybody can make it happen, it’s going to be this guy Trump. But I think even without that there’s enough time for this country to wake up to get over the again the mainstream media propaganda which is what this is for people to say, hey, this is, this is the guy. Why would we want any of these insane leftists to even get near power, right? Swalwells of the world, etc.

Maybe there’ll be a lot more of those by the time the midterms come around, but I’m very optimistic. Again, all time highs today. First time since January. I couldn’t believe it doesn’t seem that long ago. All time highs, first time since January. For this we have hundred and Nasdaq NASDAQ up a big 376 points today, up 1.6%. Our leader the semis and again, you know we’re always crushing on the semis. Tyler covered this yesterday with you.

Again, this pattern of the semis leading. I, I, I don’t listen to honestly I don’t watch a lot of other media and financial shows. Maybe everyone’s talking about this, I don’t know. But I watch, I’m on, I’m on Twitter a lot, got a lot of great followers. I do not see almost anybody else talking about the significance of the semiconductors as we’ve covered here ad nauseam with you. Again, apologies for repeating the same thing a thousand times in about two months. But if you know the direction of the semis and it’s easy to see, pull up a chart if you know the direction semi specifically if they are leading or lagging the S P500, that’s the relative strength chart that matters most. There is no, there’s not a close second if the semi module leading the SPF 100 higher or lower.

[00:06:29]:
But if the leading hires they have been from last April 7 tariff media lows, you must remain long and strong. There is no condition. Why would not if that’s happening there is, that is the most important tell of the stock market and has been since the birth of quantitative easing. I feel like I should trademark that line if we used it so much. But Tyler covered this yesterday. What a move. What a 26% now more up against the semis were down most of the day today and you see us in the last 30 minutes they rallied to close green right. So that’s, that’s 11 straight days for the semis, 11 straight days for NASDAQ, 11 straight days for A strong smart money hour.

Again, these are all tells. Metallic covers yesterday, Semi is up 26% in 10 days. That has never happened before. I. Again, that’s a tell, folks. That’s a tell that you saw it in the NASDAQ today. You know, Nasdaq playing a little catch up today with the semis. But again, that’s the one, two punch we want to see.

And we’re still getting it. Rotational themes taking place, extraordinarily powerful. I’m going to cover that in just a moment. It’s really important, I think, if you understand that what’s going on with the semis and with tech and where we are in this generational bull market, cycle wise. I’ll talk about that a minute as well. If you know where we are in that, then you are just wildly bullish. I am. Again, you know that if you’ve listened to this podcast or you follow us, because during the war all we did was say keep buying.

[00:08:06]:
You know, we’ll tell you when to go, you know, balls deep, if you will, but keep buying and wait. Maybe you wait for your spot, which we did to add to positions, but this, this market’s going to go higher. This is in a generational market. Corrections, our gift. That’s. That’s been again our theme. So as long as you know where you’re in the cycle and we’re so early, I really think. And again, this is not just me trying to, I don’t know, make a point so you get to get your attention.

I think we’re in, I think we’re in 1996 or the 1995-2000 bear market. With this exception, instead of lasting five years, this bull market’s going to last 15. This bull market’s going deep into the2030s. Now, it’s hard to see that forehead far ahead, but this is a structural bull market with advantages no bull market in history has ever had, namely the innovation revolution. We don’t even know. We don’t even know what’s coming. But we have a pretty good idea. Because once all these AI programs are really kicking into high gear and right now they’re probably in the, in the top ending, top of the first right now, right? These things are just starting.

They’re still getting hooked up to servers. Once these things really start going, the inventions, the life change, things that we don’t even, can’t even fathom today are going to happen. Don’t you feel that? I do. I feel that like in every fiber of my DNA, there’s Again, I’ve said this now for four years. There’s never been a better time to be an optimist. And that means this bull market is just getting started. So maybe 1996. But again, this thing’s going into the2030s.

[00:09:55]:
I think it’s in the mid-2030s, maybe longer. Cathie Wood of Arc is the only person that I’ve read. I’m sure there are others. But a couple, three years ago, she started outlining this because we were saying it. And then here comes Cathie Wood saying, no, no, no, you don’t understand. There, there are, there are megatrends that work here that, that we’ve never had before. And GDP. GDP growth is going to 10%, maybe 15%, maybe more.

Elon Musk has talked about that. Now Trump now in interviews is talking about 15% GDP. Most people can’t fathom that. Well, nobody, no one alive should be able to. We’ve never had that before. But it’s really exciting. Just gives you every reason in the world to buy dips, doesn’t it? It gives you that. For me, it’s a peace of mind that corrections are normal.

They’re even healthy. They wash out the excesses. Boy, that just happened, didn’t it? I swear, we started. Remember, we started the year and Bloomberg put this out and everybody then, you know, globbed onto it. But it was a good piece from Bloomberg. They did the research on this. Bloomberg checked in with like, 21 of the largest firms and market strategists in the country. And I think they do this every year.

[00:11:09]:
All 21 were bullish for 20, 26. We talked about at the time. I’m like, you know what? I’m really bullish. I don’t like that. Well, guess what? This correction just took care of that problem. They’re gone. You know, a lot of them change their tunes. And then you have people like Michael Burry, who so many people have attached their investing success to this guy, and he’s just wrong.

You know, I’ve called him out over the years. He’s made big calls. Now, I’m nobody compared to, to, to who this guy is, but I’d love to compare returns. I mean, yeah, he did 2008 real well, but he was actually three years early on that. I’d love to compare returns, but he’s. Unfortunately, a lot of people listen to him anyway, yeah, this is. This AI boom is going to be, I believe, at least a hundred times more powerful and consequential than.com was. So we are just getting started and that’s what gives me peace of mind when we go through this again.

Corrections are normal, even healthy. Again, wash out the excesses. That’s why they just happen. We had five of these in dot com. We had a 31% bear market during dot com, a three month, 31% bear marketed dot com in, in, in, in 1998 just, just prior to the biggest run that had taken place in like you know, a, a year, year and a half period in Nasdaq. That was the final, you know, final move higher, final melted move higher for NASDAQ. But that 31% shakeout, I mean it just, it killed everybody, you know, and, and then everybody’s like, that’s over. That was fun.

[00:12:52]:
That’s over. Nope, no it’s not. But again, you know, you all know this smart, smart group here.com was a laughing stock compared to this bull market because these tech companies today have staying power. They have no debt. They are loaded with cash and they’ve got technology that’s coming. Right? Again, when we say it’s a structural market, they, that’s what we mean. Massive companies that they, they could shut down their operations for two years and continue to fund them without raising cash. That’s how much cash they have.

These companies have 50, 100, 150, $200 billion in cash. That’s one of the structural themes that Todd and I noticed we were doing the research for the big bribe is that there that the amount of cash to market cap for tech companies was the highest level we’d ever seen. And really it’s the same thing for, for Americans. Again, second America, not the case. First America again, structurally speaking, has never been Stronger housing market. We talked about it with you a lot. Again, that’s another big reason we’ve been so bullish. If you’re new here, I’ll repeat the biggies.

Again, this is not being covered in the media. I’ve been on two interviews on Fox Business woman Charles Payne and one with a guest host where I said these facts and they challenged me, said, that doesn’t sound right. I’m like, I’m, I, I, I’ve got, I got the data. I’ll send it to you when we get off the air. Right. 40% of Americans have no mortgage pay off their homes. Average home equity all time high. Average home equity is 71% all time high.

[00:14:32]:
38, 37, 38 is one of the two. I have to double check this, let’s call it 30, 38 trillion dollars in home equity. So that’s why we’re positioned here in interest rate sensitive groups. By the way, that’s momentum. That’s really, that’s a sexy place to be anyway instead of being in value stocks. Value stocks don’t do. I mean look, we love the miners, we like energy like the home builders are. Those are value.

But in an, in an environment where rates are falling, those groups become momentum groups too, right? So you get tac tech, right, Momentum, all the sexy stuff. And with rates going lower, which is they didn’t today by the way, but again the 10 year yield is 4.28%. It was 4.8% when Trump got inaugurated. We think it’ll end the year 10 year in the year below three and a half percent in that range, 30 year mortgages below 5%. So yeah, we’ve got a big move lower coming in rates. Look at the market. What it’s telling you. This is the rotations taking place now folks.

Last October when bitcoin started going down, software stocks went down a week later, started falling a week later. That was the market telling how smart is Mr. Market. That was the market telling you that growth and momentum were going to go through a lull or a downturn. Right? You never know how deep it’s going to go when they start. But that’s what happened. What happened the night of the war. First in, first out, Bitcoin bottom on the night of the war.

[00:15:59]:
The first missiles dropped and I know I was up first missiles dropped, I checked Bitcoin 59, 7. I’m like, oh, this could be painful. Nope, that was the low. Exact low. Software stocks bottom right after. Now they’ve been a whole nother story. But now again they’ve had, they’re on a really good run now. Those lows are in.

They’ve had not one, but two selling climaxes. Those lows are in Software’s I think a great place to be. But that’s the rotational theme. It’s important to know. Here’s the reason. When you have these rotational themes, these are not short stories, right? These, these are multi month, sometimes multi year moves. I think this is going to be a multi year move higher in tech and momentum and growth. That’s, that’s what is started now, right? That, that worm has turned and we’re seeing it.

You see Tesla today, see Tesla up 8% today. New. This new. It’s called an AI excuse me, AI5. Yes, that’s it. AI5 chip, right? That’s coming out I believe into this year early Next year they’ve got the all the the basics over to their manufacturer TSMC start making these again. It takes time to do it. But that if you look if, but if you’re a, if you’re a Tesla driver like I am or you own the stock like I know a lot of you do.

[00:17:17]:
391 by the way. 392 last trade when I first heard that like wait a minute, is he not telling us we’ve got to wait? Because right now it’s AI for is he telling we have to wait until the AI fives out so we’re going to have true autonomous abilities meaning 10 times for Tesla’s to be. For FSD, right. To be unsupervised. Unsupervised for FSD for that to happen the vehicles have to be at least 10 times safer than a human driver. Last I saw this is the National Highway Transportation Group that does all this. I think it was like 8.3. I mean how close is that? I can’t even imagine that’s the case.

My Tesla which we use it on FSD all the time. I know a lot of you do too. I think we’ve had three people that have told me okay and I love you guys and girls for doing this. Three people that have bought a Tesla since I’ve been hawking this car. It is. And I tell I can’t wait to have friends over or family or to go on trips. I mean people must think I’m a complete moron or just a braggers. I’m not trying to brag, I’m just showing off this car.

This is technology unlocking ever seen before. And then once people get an experience they’re like wait, you’re telling me you can speak the address in or put the address in and just touch a button and the car takes you completely there parking and everything. Yep, that’s exactly right. It makes a long trip very enjoyable, very relaxing, fun even. I used to hate long trips. But no we, that’s not the thing. We don’t have to wait to. The AI5 chip is out for full self driving to be you know, fully for.

[00:18:59]:
For the robo taxis. Right. To really get full approval to. To expand everywhere. I think they’re going into like seven more cities now this month and next month besides just Austin and the Bay Area. But you know when it happens it happens all at once, right? It happens slow. What’s the saying? Happy it happens. I can’t remember.

You know I’m trying to say though, it Just happens and it’s done. That’s it. Very slow and then boom, you’re there. And that’s what’s happening with Tesla. What a company. What a time to be a buyer. You know, I think for the last three or four weeks I’ve been saying, hey, anywhere around 400 or less. I didn’t know it was going to go to 330.

Anywhere around 400 or less, it’s a steal. It’s still there. It’s 392. It’s a steal for new people here. Our urine targets a thousand. We haven’t changed that at all. I think that could be on the low side when Tesla gets going. If you’ve been in the stock and I have since $18 a share, you’ve seen these moves and they go parabolic and it just starts and doesn’t stop.

[00:20:00]:
And it’s like sometimes moves for eight months, 12 months, two years. Our long term targets 10,000 a share. But that was in a decade. So that was from last year we made that forecast. So by 20, what would that be? 2035, Tesla will be 10,000 share. Just a great company. So exciting. It’s Elon Musk again.

What’s not to like? Here come the optimist. I mean, so many. The Tesla semi, everything to do it in AI again. There are things coming we cannot fathom today. There are things coming that make the Jetsons and Star Trek look stupid. And you know, there’s still things on Star Trek that we can’t do today. And I’m not saying I don’t know we’re going to be able to beam anybody up, but they have done it with a ray of light. You may have seen that or a beam of light.

So who knows, Some really fun stuff’s coming. And again, you know, my second mentor, Michael Metz said this to me a long time ago. He was director of research at Oppenheimer. He said, kip, I don’t know about you, but every person that I respect and really want to emulate to be more like, or just I’m jealous of whatever that’s had wild success. They have one, they have one trait in common. They’re all optimist. And that just stuck with me. You know, think about it.

[00:21:23]:
You can’t, you can’t think of a single person that’s had massive success that’s not an optimist. Now you’ve had people that are, you know, grumpy and you know they’ve had some success, but you know what I’m saying. I don’t want to be like those people. I want to be like the people that are just like, bring it on. Anything’s possible. Let’s go. Right. It’s America.

There’s nothing we can’t achieve. That gets me up in the morning. I’m sure it does. You too. What else here? Yeah, Semi is up again today. Again, looking weak. And here they came. Can’t stop them.

I could read my handwriting. Yeah. So again, I think the primary theme now is that, well, look, we’ve said for some time the lows are in. Clearly the lows are in. But. Right, this is a breakaway move. We’re going to continue. It’s going to continue.

[00:22:18]:
Now, as I shared this morning in a letter, and I need to put this out there just for, for. So you understand where we are. We are. We are at extreme overbought on steroids, but only on stochastics. Okay, that’s important. That’s just one of our momentum oscillators. But we’re there on every major index of semis. They’re all there and pretty much well into it, like 96, 97%.

So, I mean, that’s not uncommon in big, big early moves like this. But the key is we’re not there. We’re not there on our other momentum oscillator. So we have a ways to go. I don’t think that surprised anybody. I mean, if the move like this, you’d expect that to happen. We’re not calling a top, but we are saying putting a lot of new money to work right now in some of these sectors and some of these areas that e tests that it comes with a higher degree of risk, but that really shouldn’t impact us. We’re all, we’re all positioned here.

Right, Right. We held during the, during the shakeout. We add to our positions. We did what we should have done, but again, we do not want to sell. Do not sell. Do not think I’m giving any kind of an indication that you should be taking profits, because you should not. And there’s some really good opportunities. There’s some really good opportunities that have yet to go.

[00:23:29]:
Remember, a lot of companies have been destroyed through this software shakeout. And, you know, you gotta, you gotta sift through them to find the right ones. I wrote this up this morning. I’ll go ahead and tell you what it is I really like. New Scale Power company. It’s. It’s a small modular nuclear. Nuclear reactor company.

Matter of fact, they’re the only ones in the country on the Planet that have the full design approval from the nuclear regulatory. What is that? NRC commission, I guess is right. Stock was red hot. You know, we own it in the VRA of course. And it just felt so we, we made like we were up 190% last year. We, I think we bought it at 20 something. It went to 57. And then here came the bad news.

Floors selling their founding position. They always planned to do it, but it had hit it a wrong time or a bad time because they got sued over some contracts that went. And of course now these ambulance chasing losses, you know, attorneys are globbing onto this. So this all happened at the same time. Floor is selling like 110 million shares. It’s their founding stake. They’re not selling everything. But that was always their plan.

[00:24:37]:
So that happened. And now the shorts have just, you know, jumped in as they do. I don’t fault them. That’s, that’s smart. And it’s pound of the stock lower. Well, I found out last week and I confirmed it today that Floor has sold roughly 85, maybe 90% of the shares they’re going to sell. And the stock was up to yesterday, is up another 14 today. It’s still under 12.

And that’s the kind of thing that in this kind of a market where it’s already run, you want to find the, the ones that have been destroyed. Dig into, find out why it was destroyed. Is this a company killer? In this case it’s not. This is a real company, real tech, good management, really good management. And they still got over a billion dollars in cash. That’s enough to last them two, three years in case they couldn’t raise more money. They can if they need to. I think what’s going to happen here and I have a kind of a spidey sense about this, right.

That’s why we’re adding to it. And we’re about to add to it. We’re about to have an options position tomorrow for Parabolic for all you folks there. We may even do this in vra. I think we will. About once a year we’ll do an options trade in the vra. It really helps in situations like this. Again, we’re down 50% in this stock now after having gains almost 200%.

[00:25:51]:
This is the kind of thing that really gets you, get you back in the game. Really help, helps kind of help the portfolio when you look at it year end, hey, we made 150% in that options trade. That really helped us. Right. So we only do this like once A year, sometimes twice, but usually once a year. VRA is equity only, but we’re looking at that. Probably going to put that in place tomorrow, because if I’m right about this, and again, I think. I think we’re gonna get.

I. I think we’ll get an announcement within the next couple weeks, maybe four. But in the next month, let’s call it that, Floor is going to announce all their shares are sold, and then people going to take a fresh look at this and go, okay, these lawsuits, they’ve got insurance, right? It’s ugly, but it’s going to be settled. They always are. That’s the way these, again, ambulance chasers work. They just want to. They want a settlement. None of them want to go to court.

It’s not a company killer. None of that. And then people start taking a fresh look and go, okay, stock was 57 last year, and now Floor is done selling. You can tell me we can buy this stock for less than 12, right? And again, this is a. The birth still really kind of the birth of a new industry. And again, they’re the only one. So you see what I’m saying here? These are the kind of opportunities I think you will look at, you know, that you can still buy in a market that’s this overbought, at least in the short term. All right, what else here? There’s one more thing.

[00:27:12]:
For my letter this morning, I wanted to cover. All right. Oh, VR investing systems at 10 to 12 bullets. I think I said that on Monday’s podcast. We’re at 10 out of 12. We dropped as low as 7 out of 12. We didn’t want to see it going lower because then we’re thinking about selling positions. Thank God that didn’t happen.

But again, it’s the Trump pivot. You know, talk about pattern recognition, right? It’s the Trump pivot. You know, we’ve now had this happen four times, and I wrote it up this morning, 2018, 2020, 2025, and now 2026. Each one of these lasted right, at four weeks, the market fell on average. What was on average, 20%. We had a 35% decline. 1921. And this was 10.

But it’s what happens next after the Trump pivot. And the lows are in. The average move higher in the previous three instances has been 50. Excuse me, 69%. And it makes sense. Everybody’s all beared up, everybody’s got their puts or shorts, then they have to cover and then go long. So you get a twofer out of it. And that’s where we are right now.

[00:28:22]:
And that’s why I think this move is going to continue because the shorts are still covering. CTA still have a CTA, still have like 20, 25 billion dollars in shorts to cover. And they’re the momentum guys. So not only will they cover now, they have to go long again. You get the two for this. The fuel for the fire. All right, look under the hood today. Internals were good, not great again.

We’ve had a big move by the way. Sectors were not good today. Internals were negative this morning. But then we rallied again. Another rally came. NYSE was positive for advanced decline just slightly, but positive. Nasdaq one and a half to one positive. NYC volume up volume 59.2%.

Nasdaq 73.6 again. Big day today for Nasdaq. Tech stocks are back, baby. And we had, oh, this is, this was, we had more than 200 stocks hit fit to a KAI then 52 week low. So these readings are going to start, are going to start looking silly in a little bit. Give it a couple weeks because again, this, this rally has legs. Give it a couple weeks and these internals are going to start looking goofy. And that’s by the way, when we will get to not a sell signal.

[00:29:30]:
But, you know, maybe, maybe, maybe. I always say this. Let’s buy some puts at a top. I mean, I’m pretty good at calling these tops. Our system works that way. But I don’t like buying puts in a bull market. I don’t like, I don’t like the message it sends. Right.

That’s why I didn’t share Rich Ross’s work with you from a couple weeks ago when he said to sell on a Friday. And I was like, I’m not, I’m not going to share this with our people. I, I don’t want them to be tempted. I don’t want them to be tempted. I don’t, I didn’t even want that noise in their head going to a weekend Rich Ross, what would you think? He’s apologized for it now. Look, we all get calls wrong. That was a big call to get wrong. We bought on a Monday midday.

So I don’t like to buy puts in a bull market, especially one like this. I don’t like the messages send. So anyway, you’ll know, you’ll, you see how we talk about this when we get to extreme, we’re bought on steroids. I mean, you’re free to do what you want to with your money. If you’re a little more Flexible than I am. Maybe that’s the time. Maybe I’ll even talk about this. Maybe, you know, something you want to do to buy some puts as a hedge, right? Make some money for, for a short correction because they always happen.

[00:30:30]:
We’ll get them this time too. And, but that, that dip will be a buying opportunity. This is going to be an amazing rest of the year. I’ll share that one piece of data we’ve been talking about with you here. So powerful. It’s common in a midterm election year for the markets to be weak right up at some point into April. Right? Which is what happened this time. At some point in April.

Well, it’s time we got a 10% correction. SPF 100. It’s what happens next that matters because the move over the next 12 months on average going back to 1950 by the way, has been 38% in the S&P 500. So that’s the phase we’re in now. And I’m telling you this thing is going to go. This bull market is going to rip roar into year end. It’s a perfect setup. Now I’ll read you a post.

I just put this on Twitter just before I did this podcast. I’ll just read it to you. This is going to sound insane to a lot of people, but this bull market has yet to even kick kick off. We’re witnessing the birth of a generational bull market that won’t peak until well into 2000-30s if you get it, you get it. It’s a very simple post. I’m a simple person. But it says exactly what I think is going to happen. And it’s important, I think that you hear me say this because I try to be as honest as I can with where I am.

[00:31:48]:
So you know, you get a read of where I am, which is why you never heard us pessimistic during the war, questioned some strategies, wondered about what he was up to. That’s all just normal. But we never question where we were in this bull market because we’re that early, right? It’s gonna be a lot of fun, folks. We’ll make a lot of money. I think maybe in 2030, 34, 2035, whenever we do get a somewhat, somewhat, you know, of a top, a true top, maybe we should all get together and just say, just talk about this 14 year bull market that we just lived through. You know, have some fun, send some crazy money. But not in Vegas. I’m tired of Vegas.

They, they, it is such a rip off. They’ve Changed all the table rules. You can’t make money. I’m a blackjack guy. Can’t make money. Auto shuffle decks, right? They, they, you can barely find a single double deck. They’re all computer shuffle, machine shuffle and they just charge you outrageous amounts of money for staying at their, at their hotels. So I’m done with Vegas.

We’ll go have fun somewhere that suits us better. In about 2035. We’ll, we’ll talk about that more as we move along. Okay. Under the hood today again, sector watch was not good. Today was when he had seven sectors higher, four lower, no damage done though Again the leader was tech up 2%. That’s what you want to see. Also computer discretionary up 1.3%.

[00:33:07]:
Again people buying things they don’t need, which by the way Tesla’s in that group. Communication services essentially technology as well, up 1% to the downside. Materials that 1.3. Industrials down 1.2. Nothing more than profit taking in a commodity watch today again, rates are up a bit. A little bit. The miners have been on a good run. A goal today off 36 bucks an ounce at 48, 13.

Right now it’s backing and filling. This is what’s taking place in gold and silver. We have a base it’s now backing and filling which it means it’s fueling up for its next big move higher and that is what’s happening here. Highly recommend you continue use this lull as an opportunity to add to your physical gold and silver positions. If you, if you like the physical ETFs, the phys and psyl, those are fine as well. But a great time to be to stacking for the next move higher again for you new folks, 15,000 our gold target. 2030 ish and 300 for silver. Right now silver is $79 an ounce.

It’s had a little bit of a run here again. Great. 10 to buy both of these copper today. Now adding to it’s a, it’s a move over $6 a pound. $6.08 crude oil today 9139 essentially unchanged on the day again our call is lower, whatever that means. The highs are. Unless something really bizarre happens. Yeah, those highs are in and the futures market told us that long ago, didn’t it? That was a good, good thing to key off of.

[00:34:38]:
And finally the day bitcoin, you know we love bitcoin here. When it broke 75, 76 yesterday actually maybe over last night, I said well that’s it, it’s gone. And then here came the selling but again it’s had a pretty decent move. It’s up like 26, 27% from the night at the war began last trade. Now 74,005 82. We are buying Bitcoin. We’re buying Tao. Maybe I’ll tell the Tao story another time.

I’ll probably write it up a bit for in the morning because we had a bit of a shakeout here with one of their subnets. Again this is just normal in a decentralized investment like Tao. The way they, this, this crypto is, is structured is so unique. It’s fascinating. And this is just, this is just what happens in a, in free market, you know. So that’s, that’s, that’s a buying opportunity there as well. Again Bitcoin last 74,005 65. I think by the end of this year we’ll be at all time highs plus I think it’s going to be explosive.

Move higher in bitcoin and again it’s a risk on asset. We are back in risk on territory. All right folks, that’s it for today. Hope you had a great day and even better night. We’ll see you back here again tomorrow after the close.