In today's episode, Kip dives into the market’s surprising midday volatility and the unwavering strength of the semiconductor sector, highlighting how semis and Bitcoin remain key liquidity indicators for savvy investors. Kip ex ...
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. Uh, kind of a quiet day really, although at one point you may have seen this, um, took the dog for a walk and I looked at my phone and I was like, what, what just happened here? All of a sudden NASDAQ was down. I think I saw at the lows 150, 160. Dow Jones was down 200, 210, and like, what is going on here? And then, uh, Tyler and I just had this conversation. My very next check on my phone was, what are the semis doing? And the semis at the time were up 7/10 of a percent.
If you know us, I mean, I said right away, I’m not worried about this at all, we’re going to come back, uh, because the semis lead in both directions. SMH, the semi ETF, finished up today 2. 0.7%. When the semis are leading higher, you must be long the market. For our newer listeners here, welcome, great having you with us. Going back to, uh, just after quantitative easing started, really, I’d say I started noticing this around 2010, 2011. When the semis are leading in either direction post QE and I don’t know exactly why this is, but, but it is it’s the ultimate market tell. You have to be if the semis are going up, you have to be long.
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If the semis are going down— I don’t mean, you know, day trading-wise, right? But if the trend— if the primary trend is higher, you must be long. The primary trend is lower, you must be at or at least raising cash. That is the tell. Everything follows the semis. Maybe one of these days that’ll change, but I’ve been saying this exactly now for over a decade, and it’s held up. It’s— it is by far there’s not a close second. There’s not a close second indicator for market timing, directional timing, right, uh, or directionality, if you will. Uh, Bitcoin has also been a very good one.
Now we’ll talk about Bitcoin a little later, but I think Bitcoin’s happening now is backing and filling. I absolutely believe the lows are in, $59,000, high $59,000 range. The lows are in. I would think $65,000 Uh, it bounced off 65.9 today. It’s right now 67 and change. I think that we may have just seen a little, little bit of a backing and filling, kind of not a retest if you will, but 65 to me is a support level for this next move higher, which I think is exactly what’s going on here. Uh, but when you have the key— I’m trying to point— trying to make is when you have Bitcoin and the semis, not in that order, semis and Bitcoin moving in the same direction, that’s your tell. So your semis are far more important, but our two big liquidity tells are the semis and Bitcoin, something we’ve been keen off here for, for a long time.
It just makes you more confident when you have a go-to, right? And that’s what that is. The semis are a go-to for us. When you have that, you can see a market that reversed sharply lower today, but just after the very good jobs data— talk about that next. Uh, but the semis are still up solidly. You know, I just don’t have any fear, uh, and, and, um, I can’t say about any other, any other indicator than, than the semis. That is, that is the one thing that we should all key off of. It certainly is what we key off here. Uh, again, the jobs data today, we— this is just extraordinary.
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Last night I was on Wayne’s show on his, um on his new podcast he does in conjunction with the Gateway Pundit. And it was a two-segment interview. We were on together for 25 minutes. I loved it because, you know, Wayne and I go back 23, 24 years. Obviously, I mean, we’re best friends. We text each other. I don’t know how he gets any work done. Wayne, I’m talking about Wayne Allyn Root.
Wayne sends the longest text that I have ever read. And I keep asking, how do you do this? Because I know he’s a workaholic. Like, how do you type so fast? You must do it by voice. He goes, no, I type it. I don’t know anybody else that can send these letters via text that you send. It was such great detail. And I think what he’s doing, frankly, I think he uses me as a sounding board. And then these kind of become his articles.
I’ve noticed the things we talk about tend to become his articles, at least to some degree. Uh, but, um, it was on the show last night and we talked about, uh, a topic that we’ve talked about here with you for so long. Uh, spent a lot of time on it in The Big Bribe, and that is this, uh, the, the psyop of negativity. Um, and because it’s just been pervasive, it’s still very real. I talked about this on my podcast on Monday, and it’s something I wanted to talk to Wayne’s audience about last night, and we got more proof of today. You know, the media Uh, people are still controlled by the media, and I don’t know, I don’t know how that’s possible after the pandemic. I don’t know how that’s possible that people can still be hoodwinked, right? But we have a lot of sheep in this country, not just the U.S., it’s all over the place, probably more in other countries. But I know a lot of Americans are woken up.
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I know everyone on this podcast today, look in the mirror because I know you’re one of those, you’ve woken up. And you shake your head like this, like we do. But it is. The media is so negative. We got another example of it today. This propaganda machine, it still works because it’s got so many people still bearish and thinking that Trump’s economy is not doing well, which is insanity. This economy is on absolute fire. Example today.
We get the jobs data, and remember, the, uh, the, the mainstream economists believe that, um, and I wish I had that Rush Limbaugh voice. This would be a great time to use that. But the mainstream economists believe that the jobs numbers were going to come in with gains of only 55,000 to 65,000 jobs. So here it comes this morning, 7:30 Central Time here where we are in Texas, and it comes in at 130,000 jobs created. The market ramps up, you know, uh, everything— the rates move higher, which is an indicator that it’s a good number, right? That’s, that’s kind of the correlation. And then here comes the media saying, well, it was, it was a good number for this month. However, it’s very— it’s a very muddy situation. That’s what, that’s what Bloomberg said throughout the day.
And then I saw, I saw a CNBC article because I don’t watch CNBC. I haven’t watched them since the pandemic. Uh, again, you’ve all heard me tell this story, but I, I boycotted CNBC now for, what is it, 5+ years, um, until they apologize for lying to the country with the, the, the, uh, with the strength of their conviction that they uh, did, uh, just complete lies, uh, hoodwinking so many people. Uh, anyway, I can’t watch it again. I doubt they’ll ever apologize. I have no problem with not watching it again, but I saw an article from CNBC, and then Bloomberg throughout the day was talking about the muddiness, how, how muddy the jobs number was and how sure we are that this is going to get any better. The jobs economy is not doing well. And so, um, yeah, it’s doing real well.
Remember, let’s, let’s, let’s have a reality check here. We also learned today, and they buried this, of course, they don’t want this being talked about at all, that federal employees as a percentage of the workforce just hit its lowest level since 1966. In the last 10, 11 months, Trump has laid off 600,000— approximately 600,000 federal workers. Gee, I wonder why the jobs data might be a little weaker. How many illegals have left the country? Oh, it’s 2 million that just self-deported. Uh, what’s the total number? I don’t know. What do you know? I don’t know. I don’t really follow that closely.
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So I wonder why the jobs data might be a little weaker than you’d ordinarily expect during a Trump economic miracle, which is exactly what is taking place here. All it takes is a little common sense to go, come on, dummies, federal employees are leaving, they’re gone, Trump’s getting rid of them. Again, thank you to Doge and Elon Musk. I never believed their fallout, by the way. I always thought that was some kind of a— I think it was done in coordination. I never bought it for a second. Elon Musk, remember, put out a tweet where he tried to connect Trump to Epstein. And like, what? Who would do that? You know, I never bought it.
And now, of course, they’re back working together again. But Doge did a fantastic job of opening our eyes to the massive fraud taking place at the federal government. The fact that likely half of our, half of our, our, our tax revenue goes towards fraud and has for a very long time, right? And of course, they’re trying to get all that, uh, uncovered now. But yeah, that’s why the jobs numbers right now aren’t coming in much higher. But they will. And I’ll repeat this again because so many people have this story wrong, that AI is going to destroy the workforce. AI is going to ruin complete industries. We, we, by the way, that’s one of the reasons the market was down yesterday, had the big reversal.
Dow Jones again yesterday closed up at a third day of all-time highs, slight losses today. But that’s the fear that the media, the financial media, is putting out there now, is that, oh, AI is going to— yesterday it was AI is going to destroy online brokers. Their stocks were down 6, 8, 10% yesterday, including Schwab, Morgan Stanley, etc. And then today it was, uh, the insurance industry. And, uh, personally, I think both those industries kind of deserve to be hit hard because they’re just They’re basically just ripping people off, okay? We know what insurance does, okay? Um, but AI has been sweeping through, knocking these stocks lower. And so that’s where the fear comes from, and that’s where the fear in the last two— why the market’s not up more is, again, it’s the AI story and the fear-mongering. Look, we’re going to have a lot of dislocation from AI in the coming years, a lot of it. And we’re going to have uh, these, uh, moments where we think, okay, this is really going to be devastating.
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You know, we’ll have the, as Tyler said, the deep-seek moments, right? But they’re only going to be moments because the primary trend will be massive job creation in the U.S. and globally. The countertrend will be shakeouts and losses of jobs that only take place in small Uh, small cycles. Uh, and for our newer listeners, again, it’s one of my favorite stories to tell. You, you may have seen, uh, the New York Times, uh, this was a headline, first page, from like 1920-something, uh, when Henry Ford was opening his first automobile plant. And New York Times ran a piece, said, oh my God, the horse and buggy industry is going to be devastated. We’re talking hundreds of thousands of jobs will be lost all over the country, you know. And we look back and go, oh my God, look at the number of jobs we’ve created by the auto industry, right? And so, uh, yeah, that, that’s the same analogy here.
There’s never, never in history has there been a time when, uh, technological advancement has created fewer jobs. It’s always been more jobs. We don’t know how it happens exactly, but we do it in retrospect. We may not be able to see how it’s going to happen going forward, But this is a repeating pattern that is undefeated, right? We rely on repeating patterns here a lot, you know, for technical analysis, for trend analysis, etc. And this is the only one that I know of that is undefeated. Technology advances and always, always create more jobs. We just don’t know today how that’s going to take place, but it is going to take place. And as I said on Wayne’s show last night, you may have heard me say it before, uh, here in this podcast, that we’re going to have brand new— not just innovation, we’re going to have new industries created because of this innovation revolution.
Things that we don’t even know about now that are going to blow us away. All right, to me, it’s always— I go back to when I, when I got my first and sent my first email, I was like, wait, I can send this instantaneously and you’re telling me I can include an attachment with like 100 pages or something? Now, back then, of course, it took longer to go through, but I mean, that was the aha moment for me. We’re going to have a lot of those aha moments, I think, in the very near future. I think that all diseases will be, uh, all major diseases will be cured within 20 years. So our lifespans are going to get, you know, much longer. I think the wealth creation is going to be something that today we can’t even comprehend. This is something Elon Musk has been talking about. And again, we may not know exactly how it’s going to happen, but that’s the power, the type of innovation cycle that we’ve now entered.
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And it’s incredibly exciting. I think it’s a horrible time to be a pessimist. I think there’s never been a better time to be an optimist. I think the future is going to be absolutely amazing, and we’re getting some snapshots of that now. I’m going to talk about one of those in a moment because we’re going to make so much money in these gold miners. I wrote this up a couple days ago. It’s actually— my piece has been picked up by a couple different news sources, which is always nice to see, quoting me as the expert on gold miners, which I, I actually— I feel like I am. I don’t think I’ve ever been called that before, but I’ll take it.
And, um, you know, I, I don’t, I don’t know that— I don’t know there’s anybody in the country that’s made more money in this group than us. And I’m not talking about dollar amount, right? But I’m talking about percentage gains and the, uh, the wins that we’ve had from not just, you know, miners, but certainly gold and silver, uh, recommendation that people should save in gold. That’s made a real difference in the lives of a lot of people. Um, and, um, I think that we’re going to make so much money in gold mines. I’ll cover that more in just a moment. I want to go through some of the details. Um, Tyler, Tyler covered this yesterday, uh, and did it in fine fashion. Thank you, Tyler.
Uh, so yeah, good jobs data today. Uh, the, the, the downside, one of the downsides they’re talking about in the media that, uh, we should be concerned about now is that interest rates won’t be able to go lower. There won’t be these rate cuts by the Fed. They won’t be able to because the jobs, the jobs market could be too strong, meaning the economy will be too strong. I’ll just have to repeat this again: economic growth does not cause inflation. There’s no evidence that it does. You might get slight upticks because of wage growth, but that’s the good inflation. That’s what you want to see, right? But it’s healthy inflation.
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Uh, but again, with this innovation cycle that we’re in, uh, the prices of everything, pretty much everything we buy, is going to start going down. It hasn’t happened yet in food, as my wife keeps reminding me at the grocery store. But it is going to happen, uh, pretty much for everything we have to buy. Prices will continue to come down. And this again, that’s the primary trend. That’s the long-term cycle. And so to those who say a strong jobs stat is bad for the bond market, again, you’re just wrong, right? The 10-year now is at 4.17%. It was up a bit today, but when Trump got in office, it was at 4.8%.
Just after his inauguration. And so again, the primary trend of interest rates is low, markedly lower. It’s a series of lower highs. Charts bear that out, and that’s going to continue. I think by next year, I think by end of the year, we should be at 3.5% of the 10-year. Again, 4.17% now. Uh, again, having a new Fed chair is going to be a game changer, and I think we could have as many as 5 rate cuts this year, uh, from the point that Kevin Walsh becomes the new Fed chair because he’s going to wake them up to the reality that economic growth does not cause inflation. Uh, this is something the Federal Reserve clearly knows, this, right? They use this as control.
They use this to control Trump or whoever they want to control. That’s the banking cartel, number one cartel on the planet as far as power. And that, that’s how they can try to control administrations. Well, I, I think that, that, I think that, that rigged game is, is coming to an end. At least that’s what our hope is. Let’s hope Kevin Walsh doesn’t disappoint us, uh, you know, like, like Jay Powell has, right? Uh, Trump has appointed both men, so we’ll have to wait and see on that. But very optimistic on that. I think rates are going to go a lot lower.
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Market knows that. And that’s just another reason, uh, that we’re in a multiple bull market. Remember, don’t fight the tape, don’t fight the— don’t fight the Fed. The Fed’s cutting and the tape is higher. So, uh, that, that’s another adage that really, really holds up well over time. Uh, but yeah, back to, um, what Trump has done with the federal workforce. How amazing is that? How amazing? Lowest percentage of the workforce for federal employees since 1966. All right, that’s just extraordinary.
Um, let them all get real jobs like we have, right? Um, tariff— we got some new— if you saw this news, uh, this is pretty remarkable here. I want to make sure I get this right. Let me pull it up. Tariff revenues soared more than 300% year over year. Look at it now, $124 billion. That’s just, that’s year to date, $124 billion in customs duties and tax revenue, customs revenue, sorry, tariff revenue. That’s up 304% from the same period in 2025. Now, okay, now we all have to wait and say, yeah, but what if, what if the Supreme Court rules against? I— we don’t have the answer to that.
I know a lot of people believe that that’s going to happen. We also know that Trump and Bessant have a Plan B and a Plan C. They’ve answered that question many times. So I, I think it’s— I think it’s market uh, neutral, if, if the Supreme Court rules against tariffs. I mean, we might see that if we get a dip, that would be a buy-the-dip opportunity because they’ve got backup plans. And think about this way, even in a worst-case scenario where there’s no backup plan, this money that’s been collected, if it’s, if it’s forced to be reversed, is going back to the importers— U.S. companies, domestic companies, right— that had to pay these tariffs. So that would be like a whirlwind dividend to these companies.
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In other words, that would be stimulus. It would be stimulative, and that would be great for earnings. And the market go higher. You see what I’m saying here? It really honestly almost doesn’t matter. Now, if they allow Trump’s tariffs to stay in place, which they should, again, it’s just something else continues to drive down our federal debt, now at 38— more than $38 trillion. And look, it’s working. There’s no doubt that it’s working. And it’s— and at the same time, remember all the very smart economists told us it was gonna be inflationary.
Man, could they have any bigger dunce caps? I mean, uh, again, trueflation now is what, at 0.8%, uh, for CPI? And the Fed still thinks— it’s still reporting it’s 2.7%. Somebody’s going to be wrong, and it’s not going to be trueflation. It’s going to be Jay Powell and the Fed again. That’s a repeating pattern you can take to the bank with this Federal Reserve. Um, So let’s talk about the market today. Again, not a whole lot happened today, but getting the semis up big, that’s our tell. Um, internals were fine. I’ll cover that more in just a moment.
I want to spend a couple minutes today on this topic Tyler talked about yesterday because I— now I get to talk about it here. And that is what’s happened to gold miners, because there is no group more undervalued than gold miners today. Not even close. Right here, here’s some, here’s some data to back that up. The total market cap of all gold miners is $1 trillion globally. That’s it. Add them all up, that’s the market cap. $1 trillion might sound like a big number.
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Walmart’s at $1.1 trillion. That’s their market cap. So every gold miner on the planet is worth less combined than Walmart. That sounds, that sounds not right. That does not sound normal, and it’s because it’s not normal. Uh, that’s just where we are. And the reason we are is because gold miners didn’t do anything but go down for 8 to 10 years. So you got a whole essentially generation of investors, a decade long if you will, that don’t like this group because they like, every time I bought, I lose money.
Well, now we know that, you know, in the last 2 years that, you know, these, the GDX gold miner ETFs up like 160, 107%. There is no sector that’s done better. So people are coming back in, but they’re just starting to come in. All the data backs that up. Gold miners make up less than 1% of investors’ portfolios globally. Gold is like 1.5% now. So it’s picking up for gold, but it’s yet to— not— we haven’t seen in the data really pick up in the gold miners. Again, these are, these are massive, massive contrarian buy signals.
These are historic undervaluations that have never taken— this is the— these are the lowest valuations even after the move they’ve had, because gold has again gone from now $2,000 to $5,000, right? And so these companies, because they have the leverage, are just literally printing money. Now again, that would be the producing miners, right, not the junior miners that aren’t in production yet. But still, that, that all filters down to their net asset value, so you can still do the math on it. And the, the— that, that tells us the, the according to— based on NAV, net asset value, that senior miners are like point— I, I think it’s like 0.9%, 0.8% to NAV. So these companies are trading at less than their NAV. Junior miners at 0.51. Again, these are historic lows that never have been seen before. Again, great contrarian play.
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Um, and this is a high confidence call, right? Uh, and yeah, they’ve already had pretty big moves, but again, the point is it’s just getting started. Uh, they’re also trading, by the way, as if gold was $2,000 an ounce instead of $5,000 an ounce. Again, it helps put in perspective what we’re talking about. Uh, we’ll, we’ll make 10 times our money, I think, from here in the next few years. And if gold hits our target, and I think it’s going to, I of $15,000, we’ll make 20 times our money. Again, the leverage is in the money. The, the miners move 3 to 5 times more than the underlying commodity, which in this case, of course, is gold we’re talking about. So as I said this morning in my letter, right now we’re still in the easy money phase of making money in these gold miners.
This is the easy money. This is where it’s slam dunk. The next phase, and we’re entering that now, is going to be the fun phase. This is where these stocks really start to go parabolic, and that will go on for a while. And then when they— when these stocks double from here and investors finally go, okay, I’ve missed the boat on this, this group has been up now for 3, 2 and a half, 3 years leading everything. I’ve been sitting by watching it happen, not profiting from it. I got to put money in this group. When that phase happens again, that’s the fun phase.
That’s what’s happening now. We just entered that phase. Then we’re going to see extraordinary gains over the next year or so. And then, then it’s the melt-up phase. That’s Melt-Upville. And that’s where, you know, we see these— we’ll see a massive blow-off top. I think it’s some— I think all this happens in the next 4 or 5 years. However, I do think this is going to be a longer-term bull market.
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I think it’s a— I think it is truly a supercycle. Because again, at the same time, we have the global reflation trade. You’ve seen global economies are strong, stock markets are soaring. Again, that’s not happening in a vacuum, right? These are leading indicators. And so the, the demand for gold and silver is just not going to fall. It can’t. I mean, it, it, it must continue to grow. The demand is extraordinary, of course, and that will only continue to grow.
And then when the public comes back in, you know, the— frankly, the dumb money Because the dumb money is not in the miners right now. But when the public finally wakes up and says, okay, you know what, I think gold is going to stay over $5,000, it’s like silver is going to stay over $80— again, current price is now $84.51— then you, then you’re really going to start this, this next— we’re in the easy money phase now, entering the fun phase, and then melt-upville. And that’s all directly ahead of us. So we spend time on this with you because I followed this group for a long time. This is the cheapest— not only I’ve ever seen this group, I’ve never seen any group as cheap as the gold miners are now. Now, if you’re with us, then you know what our top picks are. We have 2 junior gold miners. Everybody asks, why don’t we add more? Why don’t we— why don’t you— why don’t you look for more? And my answer is really always the same, because I want maximum exposure to the two that we own, because we know these, we know what’s coming.
We actually know some things we can’t talk about in this podcast, so read between the lines. And we want people loading the boat in these two so you really feel the win when this plays out over the next, uh, 1, 2, 3, 4, 5 years, uh, until ultimately these two companies are acquired, okay? Which is, which is going to happen for both., you know, at some point in the next few years, right? I continue to ask the CEO of both of ours, uh, please don’t do anything. So I, matter of fact, I sent my work on this. I’m like, you just, I know you’re seeing this, you’re in the business, but the fundamentals say your group is just getting started. Just don’t be, don’t feel like you have to rush into doing a deal, right? And of course they, they understand what I’m talking about. They see it too. But I also know that these, uh, gold mining executives are very— can be very myopic, and they tend to, they tend to, um, they tend to be lemmings. If so, if, if, for example, right now there’s almost no CapEx, there’s no CapEx growth in this group.
[00:27:04]:
It’s crazy, isn’t it? So even these mining executives don’t believe this bull market’s real. We’re not seeing it in the numbers. The next phase will be M&A, and that’s starting to happen. But we’ll see an M&A boom, and then the capex will really start to explode because by that point gold will be $6,000, $7,000, maybe $8,000. And these guys are like, wow, okay, we were wrong at $5,000. Now we’re really wrong. So let’s, let’s, let’s, this is, this is for real. Let’s start ponying up some cash either to buy other companies or to, you know, uh, uh, uh, uh, expand our mine, what have you, right? So it’s an exciting time for this group.
And, uh, looking forward to experiencing these wins with you because it’ll be a lot of fun. If you’re not with us here, the reason I’m mentioning these names, uh, we get, we get some pushback from our members, and I understand that, you know, uh, because we, we do have a lot of folks on the podcast that aren’t members with us. And I just— thanks for being here, love it. I think you’d have more fun if you were here. So, you know, we have a 2-free-week trial at vrainsider.com. You get everything we have access to. Come try out for 2 weeks, see if it’s right for you. Uh, but I think, you know, I think, I think it probably is appropriate not to really talk about these.
I talk about some. Everybody knows we love Tesla, and I might talk about a few others from time to time. But, uh, again, our junior miners, uh, we’re gonna reserve that for folks that are there with us. We want to have, we want to have a big party. We want to have a big party in the next 3, 4 years where we get together and celebrate the wins from this group. That, that’s, uh, that, that is what we’re going to do. All right, and look forward to hopefully seeing you all there. Okay, let’s take a look under the hood today.
[00:28:39]:
See if I miss anything for my letter today. I think that’s pretty much it. Yeah, I, I wrote up this morning the monetization of gold. Um, you know, it’s, it’s a great topic. It’s happening. Gold is going to be revalued. Tyler Cupp yesterday, from $42 an ounce to today’s prices in the near future. Um, well, I, I wish they’d do it before the midterms.
I don’t know if they’re going to, but it is in process. We’ve already got an executive order for a new U.S. Sovereign Wealth Fund. This is all interconnected. Uh, but just, you know, just repricing gold at today’s prices is going to add more than $1.2 trillion to the balance sheet of the United States of America. And then when they also monetize the land that we own, the federal land that’s owned, when they monetize that, they’re going to be able to really build the size of this sovereign wealth fund very soon. Uh, and again, it’s kind of crazy, this one of the smallest countries on the planet, Norway, has the world’s largest sovereign wealth fund. They’ve done it with, you know, revenue from the North Sea operations, and they’ve just fund— it’s like $1.7 trillion, I think, now.
And their retirees are taken care of. You retire and you get money rest of your life, more than, you know, more than we certainly get here as Social Security. We put that money to begin with, but they really take care of their people. And, uh, I know that’s something Trump wants to do here. It’s part of a legacy he wants to leave. And so there’s a lot of excitement about that too. But when you have a sovereign wealth fund that is now competing, competing with investors to buy assets. Again, you’re talking about— this is how melt-ups happen, right? And, uh, and they’re going to do it in the areas that make the most sense, right? It’ll be technology, AI, uh, probably a lot of energy, a lot of domestic manufacturing.
[00:30:39]:
These are the areas that there’s strategic areas they’ll be investing in. And so it’s exciting, it’s happening near term. Again, I hope they do it by the midterms, but we, we haven’t really heard much of that as far as timing in the near in the future— distant near future, near past. Thank you. Okay, let’s look under the hood today. Again, the Eternals were, uh, with a market that was essentially flat on the day, uh, nothing, nothing down big today, um, Eternals were about what you think they should be. Uh, NYSE was slightly positive, advanced decline. Uh, NASDAQ was, uh, was 1.5 to 1 positive., for advanced decline.
Volume positive for both, slightly so. 51.8% in NYSE, 52.3% up volume for NASDAQ. And this is the one that kind of stands out. This is broadening action, right? On a day like today where, again, essentially flat, we had 766 stocks, 152 against S&P 500. 700— no, excuse me, that is, that’s broad. That’s, of course, that’s NYSE and NASDAQ. We had 766 stocks hit a new 52-week high, just 350 hitting a new 52-week low. So that’s broadening action, uh, right just right there, right in front of us, right? And that’s what we’d expect to see as this— because this is a very broad-based rotation, rotational bull market, uh, and again, this kind of action only takes place in bull markets.
It’s another hallmark of a bull market, this rotational theme that continues to play out. SectorWatch was also good today. Um, like 7, 8 sectors higher on the day, 3 lower. Upside, energy up 2.5%, energy stocks just going gangbusters. Consumer staples up 1.4%, materials up 1.3%. The downside, financials down 1.5%. Again, these AI rumors hitting some financial stocks, um, and again, I’ll repeat, I have no problem with that. Uh, and that’s about it, no real damage done today.
[00:32:31]:
Uh, commodity watch, Uh, gold up today 1.7%. Interesting, right? Strong jobs data, rates moving higher, dollar bouncing higher, and gold still moving higher. I think that’s a tell. Again, so much money chasing this group. Uh, it’s phenomenal buy here, especially after the shakeout that we had, which is really like a 2-day shakeout. Uh, $5,117 last trade for gold, up 1.7%. Silver today up a big 5%. Up $4 an ounce at $84.48.
Copper today, uh, up 1.1%, $5.98 a pound. It was over $6 today quite a bit. It’s going to be a lot higher, of course. We’re still looking for an opportunity there. And crude oil today up 0.9%. Finally, again, Bitcoin today, um, again bounced to $72,000. Uh, now uh, it’s, is this— again, this is backing and filling action. It’s very, very normal, very common.
I would expect support to be very strong at $65,000. Last trade now $67,817. Sam walked him off today and said, Dad, I love Bitcoin here. I love TAO. That’s our other crypto recommendation. And, uh, yeah, I’ll tell you why. And I— all of his reasons are right. I’ll tell you, millennials get it, you know, they just do.
[00:33:43]:
They understand what’s happening in the market. They understand certainly what’s happening in cryptocurrencies. And, uh, he said he— Sam expects, uh, Bitcoin to be back, I think he said, over $100,000 by year-end. Sam’s got good instincts as the toddler, of course. It’s just phenomenal having both of our sons working with us again. I cannot tell you how, uh, how much fun that’s been. It’s been a dream of mine since they were kids, and I was putting subtle thoughts in their mind that one day this might happen. And it’s a blessing for me and my wife that it is.
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 again tomorrow after the close.
In today’s episode, Kip dives into a jam-packed discussion on the current state of the markets, the ongoing geopolitical tensions influencing oil prices, and why he believes we're witnessing the start of a generational bull market. After a strong close in the markets—with all major indices up and the VIX continuing its downward slide—Kip shares his perspective on why the relentless negativity from mainstream media, especially surrounding the US-Iran conflict, is actually a bullish signal for investors. He highlights the resilience of key sectors like semiconductors and technology, breaks down the momentum behind Bitcoin and emerging cryptos such as TAO, and explains why recent market dips are a gift for those with a long-term and optimistic outlook. Tune into today's podcast to learn more.
Welcome back to the VRA Investing Podcast! On this episode, host Kip Herriage dives into what’s been a challenging week for the markets, examining everything from geopolitical uncertainty and its impact on oil prices to the pulse of investor sentiment and Federal Reserve actions. Kip Herriage shares sharp insights on the recent correction in the S&P 500 and NASDAQ, the effect of the ongoing war on global markets, and what history tells us about rates during wartime. You’ll hear why extreme fear among investors, record-level put buying, and oversold technical indicators might actually be setting the stage for a major market rebound.
In today's episode, Tyler Herriage breaks down another volatile day on Wall Street, offering his signature optimism even as markets face downward pressure. From big moves in oil and energy to the seasonal dynamics of this traditionally bullish period, you'll get a behind-the-scenes look at how headlines, and not fundamentals, are shaping investor sentiment. Tune into today's podcast to learn more.
In today's episode, Kip breaks down the day’s market moves and zeroes in on what’s driving investor sentiment right now. In this episode, Kip explores why oil and the situation in the Strait of Hormuz remain at the heart of market volatility, sharing his thoughts on media narratives, the potential for lower oil prices, and the international power plays influencing the global economy. Kip also digs deep into the power of seasonality, noting that while the last few weeks have been muted, historical patterns point to a strong melt-up in March and April. He highlights the ongoing tech leadership especially from semiconductors and walks listeners through the crucial “first in, first out” indicator, which signals that a new rotation into tech, software, and Bitcoin is underway. Tune into today's podcast to learn more.
In today's episode, Tyler breaks down a wildly eventful start to the week in the markets, picking up where Kip left off with yesterday’s big reversal day. From the latest on the ongoing conflict in Iran and the impact of geopolitical headlines, to lessons learned about market psychology (including why you should never sell on a Monday), Tyler Herriage navigates through the market’s volatility and shares key themes like liquidity and optimism in the face of fear-driven narratives. Tune into today's podcast to learn more
