Welcome to the VRA Investing Podcast! In today’s episode, host Kip Herriage wraps up the final show of 2025 and looks ahead with optimism to 2026. He shares personal stories from the holiday season and dives into what makes him bullish for the new year, discussing the January trifecta and its historical track record for strong market performance. Kip Herriage explores the current state of market sentiment, why too much bullishness on Wall Street can be cause for caution, and why he believes we’re still in the early stages of a promising bull market. He highlights housing as a key sector to watch, anticipating major changes from the homebuilding and mortgage industries that could energize the economy.

Don’t look back because the market is closed. Good Tuesday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Can anyone believe that it’s December 30th? I know we always say this. The older I get, the faster time flies by, but, man, I got to tell you, this is really, really true. One second.

Let me. Let me turn my phone off here so I don’t get any interruptions. There we go. It’s just more and more true. Seemed like every year, you know, we had the boys in town from Austin for the holidays, and Sam actually came in town and spent over a week with us, and we could not believe it’s time to leave, you know, and he’s. And he’s going back. Where did the week go? But look, good, things are happening. We’ve got a lot to look forward to in 2026.

So, you know, we think it’s gonna be extraordinary year. A few announcements get out of the way. First of all, this is our Last podcast for 2025. Won’t be having one to march at the close. Be back on Monday, of course, with our podcast, which is January 5th also tomorrow. I was pretty excited about this. I’m scheduled to be on Fox Business tomorrow with Charles Payne on the last. The last show of the year for 2025.

[00:01:09]:
I think I was one of the first to bring in the year two, so looking forward to that appearance. What else are we going to cover today? You know, Todd and I just had this conversation. If you know us, you know that we’re contrarians when everybody is bullish. We are not. That’s just the way it is. So you have to know how concerned we are, how much we hate the fact that Wall Street Journal last week had a piece, they surveyed 17. Stop. Top market strategists.

All 17 were bullish this morning. Bloomberg did the same thing, however. They had 21. Wall street market strategist. All 21 are bullish. So, yeah, we’re not. We’re not. Not big fans of that.

[00:01:50]:
I gotta tell you, it’s something I wake up almost every morning going, okay, what am I missing here? Because I don’t like being on the same side as these guys because they’re. They’re wrong when they’re. When they’re. They’re majority. When they’re the, you know, the. The. The big majority, they’re wrong. And now they’re all bullish.

So trust me when I tell you it’s something that’s in the back of my mind. We have addressed this with you. And before I forget, Tyler feels the exact same way. They can say they’re bullish, but that doesn’t mean they are bullish. They’re tired of being wrong. They’re tired of being laughed at for getting it wrong every year. So basically, they’re just. They’re capitulating.

[00:02:27]:
But watch what happens the first time we get a shakeout. We get a 2, 3, 4, 4 5% shakeout. Highly common. Happens in every bull market, right? And they’re going to be right back to bearish. And I believe the same thing is true, because this is the stage of this bull market, the red. That’s why we. We know it’s still such a young bull market. Because every time we do get a shakeout of just a pause, really, if we’re being honest, you see it in.

In all the sentiment surveys, right? Investors flip to bearish very quickly. We go to extreme fear, really just again, a 2, 3, 4%, a decline, and we’re right back into extreme fear readings on these sentiment surveys. So that is not something that happens in a maturable market. It’s something that happens in a very young, immature market, which is why this market strategist, being 100 bullish really doesn’t bother us. This is. This is natural, right? This is a. A normal maturation of a bull market. And again, we are.

[00:03:34]:
We’re extremely bullish about the new year. Hey, if something changes, we’ll tell you. I’ve got something interesting here too, by the way. You know, we’ve been talking about. Tyler spent a pretty fair amount of time on this, about the January trifecta, right? This is invented by Yale Hirsch, the founder of Stock Traders Almanac. Just an amazing guy. He’s original. He’s the OG Of Wall street analytics.

Okay? Seasonality. Yale Hirsch passed away in 2021. I had a chance to have dinner with him when I was. Been in the business, like maybe two, three years. And I’ll never forget that night was Tavern on the Green in New York City. And I did not know he was going to be there. And frankly, I’ll be honest with you, I didn’t know who he was. And then, you know, I happened to be seated next to him at a table of maybe.

[00:04:22]:
Maybe 10 people. Big table, like 10 people. And a friend of mine who was a senior, I was at Oppenheimer at the time. A friend of mine leaned over and said, do you know who that is? And I go, well, he said, his name is Joe Hirsch. He goes yeah, but do you know who he is? And he said, you’re sitting next to a guy that’s doing something nobody else on Wall Street’s doing. He’s the hottest guy on Wall street and but he was just a phenomenal individual, just a class act, a true gentleman. Right. Didn’t have any heirs about him and it was, it’s something I treasured.

We stayed in bit of contact. His son took over. Jeff Hirsch now runs Stock Traders Almanac. You know, his dad again passed away in 2021. So about four years ago. But anyway, Yo Hirsch created this, the, the January trifecta and what that is, it’s the Santa Claus rally, which we’re in the middle of now, right? The last five trading days of the year, the first two trading days of the new year. Then there’s another one, the first five trading days of the year. And the final part of this trifecta is the full month of January when each of these is positive.

[00:05:29]:
The market’s up over the fall that year, 90.7% with an average gain of almost 18%. So it’s a high probability indicator. I bring that up now of course, because the market was just down for the third straight days. These have not been big declines. The first day of the January rally was up big. So I think net net. I haven’t run the numbers, but I, I, I, I know this is close. We’re still net positive on the first, the Santa Claus rally, the first, you know, five last five trade days of the year, first two of the new year.

We’re still net positive now, but only by a small amount. So yeah, it does matter and a lot of people do track this. And so of course as we get to January we’ll let you know what the, the latest update is. But high probability. What do I think? Do I think it’s going to be pot? I do, I, I do think it’s going to be positive. I think we’re coming up right now, folks. Remember, we’re coming up the end of the month, right? Tomorrow’s last day of the month and start the new year. You’ve got a lot of money flooding the markets.

[00:06:30]:
Your 401ks retirement plans that you, you know, again, we’ve now ended ending a quarter. So some companies have their, their, their buyback share buyback plans are, are blacked out 21 day period on, on this. So they may not, some of these companies may not be able to repurchase shares yet. But of course they’re also not on the same schedule. Okay. But bottom line is you also, you do see a lot of share buybacks originate around the beginning of a month too. So I think for that reason and for the fact, the fact that we all know that Trump and, and, and Scott Bessant and team are working on some very big ideas, I think one of those ideas, and again, this is one of the things I hope to be able to talk about tomorrow and on, on Charles’s show. One of those big ideas is going to be housing.

Right? This is one of our favorite areas right now, housing. Look at a chart of xhb, the, the, not the leverage but the, the, the singular housing ETF if you will. And it’s, it’s, it’s tracing out a very interesting chart pattern here. It’s still as, as poorly as it’s performed of late. It’s still above the 200 day moving average. It’s significantly off the lows from, from mid November and now all of the moving average. Our momentum oscillators are curl, beginning to curl up. And this is how big moves higher begin.

This is exactly what we think is going to happen in 2026. Because I think, I think this week, based on what we’ve heard, Trump is going to come out with his recommendations for home, the home building industry and for the mortgage industry. And we need revolutionary change here because folks, if the home builders don’t get going, the economy is not going to get going. You can’t just, you can’t grow an economy based on AI you. Home builders are the most important leading economic indicator in the VR investing system is not a close second. I know a lot of people think transportation might be number one. Could not get more. You know, you’ve heard me say this many times.

[00:08:36]:
But for our newer folks here, welcome. Your home is the Most important thing 99.9% of people will ever purchase. It’s your heart and soul. You got everything into it. You want to see two things happen as a home builder, as a homeowner, you want to see your home prices rise, don’t need to rise 10% a year. You know, it doesn’t have to be California kind of numbers, but you want to see, you want to know that you’re, you’re investing. You own an asset that is going to pay you back and you’re making money off of. The second thing is you want to see your home equity begin to build.

And that’s really happened, hasn’t it? That’s happened since, you know, the financial crisis 2008, 2009, is that the average homeowner has, is paying off their home or has paid off their home. We’re at 40% of all homeowners that don’t have a mortgage on their home. They paid it off. Right. They don’t want to be at 40%. And by the way, average home equity is better than 70%. Looking at like $35 trillion sitting in home equity. And these are all, all time highs, which is fantastic.

You know, as a homeowner, you got to feel pretty good. If that’s the camp that you’re in, you’ve done a good job of getting ahead of the game on the, probably the largest asset you’ll ever purchase again for most people. But you want to know that if you need liquidity, if you, it’s there and it’s safe to get it, you know, home remodeling projects, maybe you’ve got a kid going to college. I mean, this essentially turns into your home equity, turns into a savings account. And there’s nothing wrong with that whatsoever. You’ve gotten ahead of the game. Now you’re in a position to take advantage of it. But here’s the sticking point and we see it in all these soft consumer sentiment surveys.

[00:10:14]:
And as much as we dislike these and don’t really trust them, this point rings true. People are still scared. People are still very concerned. And again, it’s not that we don’t understand it, we totally get it. Look, the financial crisis left marks on people, right? A lot of people lost their home or came very close to doing so. So we totally get it again. We’ve also had five bear markets in the last eight years since 2017, where the average stock has lost 30, 40, 50, 60% plus. And it’s done it in short order.

So people are, you know, again, we’re, we’re, we’re in shell shock. And I think that’s what the country’s still going through. We also had the course of the worst two decades in American history, starting with 9, 11. And so it’s a combination of that that has people hopeful, right? They, they, you know, Trump gets high marks on his handling of the economy. People are hopeful that this is going to happen, that we’re going to have a boom time, which is what we expect. But people aren’t there yet. And so again, if we get some major reforms from Trump, and I believe, because Trump’s talked about it this bunch, Bess has talked about it a bunch, the entire administration that works in the financial side, economic side, they’ve all spent time talking about this, that reforms are coming. And so I think this is, this is a group, the home builders.

[00:11:36]:
They’re going to put up sensational numbers this year, which means we should start seeing that in the share price now again in the Fiori portfolio. When a leveraged home builder etf. If you want to check out again the, this, the, the, the, the, the regular etf, it’s xhb, it’s a constructed chart pattern. I think it’s ready to curl up and start moving higher. And that’s one of our big themes, one of our big calls for 2026. Hope to make that tomorrow on Charles’s show. What else? Today I got to talk about this. It might as well do it now while I’m fresh in my mind.

This story in silver is. Wow, okay, I covered this this morning. We’ve been talking about this a lot. Of course, we’re long term gold and silver bulls, if you know us. You know that. Probably get tired of me saying it, but it’s because we’re pretty proud of it. Recommended gold and silver in our second ever VRE letter in 25. Excuse me, 2003.

[00:12:35]:
My bad. 2003, second ever. His numbers are running together. Second VRA letter in 2003. I didn’t write these every day. Did. Right. But in this, in the first one, the very letter, I recommended a biotech stock which you’re like what are you doing recommending a biotech stock? What do you know about those? Well, I happen to have a client that was on board of this company and he told me I need to get to know it.

So I did. And again I never had inside from inside information. But I will tell you that I had a hunch something was going on. Recommended it like within 18 months it was acquired. It was Protein Design Labs PDL. I was a symbol it was acquired. We made like I don’t know, 4 or 500% in it. But in my second letter, I recommended gold, silver and the miners.

The GDX. The ETF. GDX was of course the gold miner. ETF did not exist and that wasn’t created in 2005. So I recommended Newmont Mining. Of course the, the big boy on the block at the time, now it’s Barrick. But anyway, we recommended gold at 350. Announced silver at $5 an ounce.

You know, if you follow this group at all, you know, it’s, it’s been a good call. Again, both have gains of over 1100%. My recommended price in 2003. But I think what I’m more proud of is the recommendation that people should save in gold. Because I got, we got a lot. I got this before Tyler. They were both there, they were both very young at this point, but they were learning. They were at the kitchen table learning.

Kip Herriage [00:14:00]:
You know, we, Sydney and I talked about this pretty much everything with them at the dinner table. Try to keep the ugly stuff out of the conversation. But when it came to the markets, saving, these kind of things, and we talked about the, as I’m sure most of you have as well with your children. But all these years down the road now, you know, I’m glad we did this. We got a lot, I got a lot of pushback on this. Had over the years a number of financial planners. The word that I heard most often was it’s irresponsible. That’s the word, irresponsible.

[00:14:31]:
To tell people that they should save in gold. Well, again, for our new people, again, this is one of my favorite stats to put out there because if you had $100,000 in 2003 at that recommendation and you put that money into Gold, that 100,000 today would be worth more than $1.2 million. If you left that same hundred thousand, put it in just your bank, savings account, money market, etc, after inflation, you’re looking at having less than the amount you invested, less than a hundred thousand dollars. So that’s been a very good call and we’re very proud of that call. And of course the key here now is what’s going to happen next. Because look, as we talked last week, yes, this group, all of it, you know, the gold, silver, especially silver and the miners have all hit overbought levels. In silver’s case is extreme overbought on steroids. Our most overbought readings, gold is overbought, not quite there.

Of course, silver’s gone parabolic. And the miners also overbought, but not extreme overbought. So, but, but it was all three. Like, this is not the time. We want to buy more, you know, not thinking about selling. That’s not the way we work here. We want to wait and be disciplined. We want to let any kind of overbought shakeout take place and then we can start buying again.

Of course, with our junior miners, our 10 baggers, we buy those every month as part of a monthly dollar cost averaging program anyway, so we’ve got a real discipline to this. We stay very locked into it because it’s worked so well over the years. Well, silver and this, this is really going to be our focus here. Today, as I’m sure you’ve seen, silver completely parabolic over the weekend, traded up to 82 bucks early Monday morning. And then here came the sellers. Well, a lot of people think that silver, I’ve seen a lot of market strategists say this, that that’s it, that was a sell off in silver and that, that, that was the, that was the buying climax if you will. And that’s it for silver. And I have to say, if you find so and I, there’s a lot of people saying it.

[00:16:36]:
When you see someone that says it, just, just, just remember their name because they could not be more wrong. Yes, short term extreme report. Yes, it was time for a shakeout. But it only happened because again, we got overbought. And second, the CME raised mark margin rates on the evening of, of December 26th. Again, you know, these kind of things, they do it for a reason, right? They want to take some air out of the balloon. So yeah, we got the big shake out yesterday, but if you saw it happen today, you know, right back up big again today. Let me give you the quote since we’re right here now.

Last trade on silver is now for the day up almost 8% on the day, up $5. It’s hard to even quote this because Again, I recommended it five and it was up $5.55 today alone 76 hit a high intraday high of $78 an ounce. And so the point being there’s much more going on here and you’re not hearing this in the mainstream media again. I hope I get a chance to talk about this with Charles tomorrow. Unfortunately, you only can talk about the things that he asked you about or you may not get asked back on. That’s kind of the way I think this works anyway. But I do hope he. Yeah, I wrote it up today in the letter.

[00:17:53]:
I sent that to them today hoping that making sure Charles would see this. But the story no one’s talking about, it’s what’s taking place with big banks, especially the J.P. morgan’s of the world. Look again, if you know us, you know that I’ve harped on this for a long time. J.P. morgan closed all of my bank accounts in 2011, 2012. I talked about the manipulation of gold and silver. I talked about their insider trading.

I talked about in detail the things that Jamie Dimon and JP Morgan Chase have done over the years. I come back from a, a speaking tour and what do I find? My, my 12 accounts, personal income banked up for forever were closed by JP Morgan Chase. So not, not, not my favorite institution. Right. And look, I’ve only gone after them because they’re guilty. I mean, you know, again, we talk about this a lot too, but you know, JP Morgan agreed to a settlement of more than $900 million for rigging. For rigging gold and silver markets for this exact thing. And that was in 2021.

[00:19:00]:
That marked the bottom. I don’t think it’s coincidence either. That marked the bottom for gold and silver. I don’t find. Again, I don’t think that’s the coincidence at all. And I, I know I’m not alone in this, but again, kudos to my old friends at the Gold Antitrust Action Committee, gata, for working to expose this for close to two decades. They took a lot of heat for it. There was nobody really coming to their defense except gold bugs.

Right? And there, there are times when I built a lot of those because gold had not done much. Well, thanks to the work that GADA did. And again, that’s Bill Murphy, the chairman of gata and Chris Powell. These two guys spearheaded this, raised awareness, they aggressively pursued regulators to take action, spoke at various federal hearings with the cftc, the Commodity Futures Trading Commission on this exact issue. And finally it got to the point that everybody knew J.P. morgan was guilty. Not alone by the way. Everyone knew was just time that something had to be done.

[00:20:12]:
So the regulators really had their hands forced in this to take action. Bottom line is they did. Again, JP Morgan found guilty in a 9009-000000-00000 dollar lawsuit. A number of their top traders were convicted as well. Interestingly, JP Jamie Dimon was not mentioned, was not found guilty, was not prosecuted in this lawsuit. He may have been mentioned in the filing papers, but he was not part of the settlement or the guilty plea by JP Morgan. Bottom line though is that that marked the lows. Big deal.

And now JP Morgan, by the way, for years had been the largest long and the largest short position in silver. Not that much different from gold, but remember, I’m about on the planet, they own more silver than anyone and they were short silver more than anyone. Talk about playing games, right? Well, that’s now been reversed. They’ve reversed their short position silver from 200 million ounces to going long, 750 million ounces. Folks, this all happened inside of 30 days. This, we just learned this in the December filing. This is an extraordinary shift, I think, you know, obviously it’s hugely bullish. There, there may not be anything more bullish than this.

[00:21:35]:
And that’s why I think this this, this, this breakout move in silver is only just beginning. A lot of people smarter than me, you know our target for silver is $200 an ounce. These are long term targets. I, I don’t know that that’s anywhere close to being accurate now because there’s such a supply shortage of silver and now it’s going, of course, if you mention AI, it’s going in anything AI related of course, data centers, robotics, essentially all global manufacturing has silver in it. So I would not be surprised to see more margin hikes from the cme. Matter of fact I’d expect that. But I think these dips just like the one we had Monday, I think steps are going to be buying opportunities. Now what are we doing here? Technically we want to see this extreme overbought reading.

We want to see it work its, work its way off. We don’t know that’s even going to happen. But what we’re not doing is selling. I would not sell a single ounce of silver, not that I would gold either, but I think silver now is in the acceleration stage of this move. And so again we’re remaining long and strong. Gold, silver and our miners. I think again 2025 has been an extraordinary year for this group. We’ve done very well here and we’re not even, not even thinking about, thinking about thinking about taking profits just to make sure you know, how clearly long we are.

[00:22:59]:
And again we do recommend, as always physical gold and silver. Recommend that you buy it through a local coin dealer. And look, is it extra work? Sure it is. Finding a way to store it safely, is that extra work? Sure it is. But because we’ve done that and because no one would ever find our gold and silver, I’m also not tempted to sell it. There have been times where maybe I was okay, but putting it in proper storage where it’s where it’s more difficult to get to turns it into an actual savings account for you. And the other advantage to buying through a local dealer that you have to get to know. You’ve got to do the due diligence.

You’ve got to find out how long they’ve been in business. Ask around, do you know again, do your, do your, do your online searches, find out what you know. If there’s anybody complaining about them. You find when you find the right coin dealer for gold and silver, they’re the only, you know, don’t, don’t buy, you know, don’t buy collectibles. Right? We don’t want any of that. We want to just buy, we recommend just one ounce. Or in Silver’s case, maybe. Maybe 10 ounce bars, right? Or more.

Because, you know, it’s so much cheaper. Not, not as much now, but we recommend the Gold Eagles and the Silver Eagles. Those are one ounce. And you can, you know, pick and choose from there, if you will. But finding a local dealer is so important because if the shit ever hits the fan, something ever happens, you know, maybe in your community, maybe nationally, maybe globally, but if that ever, if that day ever comes. And I think if we’re being honest here, we have. Although one event could make that day happen, right? One. One event, God forbid that happens.

That’s the guy or the girl, that’s the team that you want to know. And they know everybody. They’re trusted. They, they, they. They’ve made their money the hard way by building a business in gold and silver. That’s not easy to do. So you find somebody’s been in business 10, 20, 30 years. You, you.

You’re you, You. You’ve made a very good relationship. When I go see my guy, every time, he’s the guy that comes up to greet me or not one of his other employees or his son working there, okay? He’s the guy. He looks forward to seeing me. We always have an interesting conversation. He wants to know what my thoughts are on the market. And I know this is a guy that, again, something should. Something bad happen, this is the guy I can go to that knows everybody in the community that’s anybody.

If I need a referral for something else, this guy’s gonna know it. We’ve had that conversation, by the way, and he feels the same way about us. So it’s very important. It takes a little time and work. I could not. I can’t. I’m spending time on this because I cannot recommend you do this enough. Now, if you happen to live in a smaller area, maybe there’s not a coin dealer, maybe you can’t find one that you trust, just let us know, shoot us an email.

[00:25:55]:
Give me a call. I think a lot of you have my cell phone number. If not, shoot us an email, of course, on our website and just on our daily letters as well, and I’ll introduce you to our guy. Okay? Now, again, he is here in Houston, but you know, there’s always a way to, to move product and you get plenty of transportation options there as well. So I’ll be glad to make an introduction. But again, this move is just getting started. Again, my hats off to Gata and the incredible work they’ve done. That’s helped to make this possible.

The news of JP Morgan and others capitulating, closing out their short positions, going aggressively long tells you that this move higher is just getting started. I, I just don’t care what happens day to day. I, I’ve grown, I’ve stopped caring the decline on Monday again I was itching to buy more. Okay. But you know we stay disciplined into to our system here. But I think the 200 target on silver is going to be too low. I think we’re looking at something a launch pad move here. That’s what this feels like to me.

[00:26:58]:
And the charts look great for both gold and silver and the miners. But more than anything, regardless whether or not this is a launch pad for silver to go to 400, 500, whatever that is, again I can echo the same sentiments about gold. Gold is. Silver is just so under produced. And unlike gold, silver goes in everything AI related etc. So you can make a strong case that the move higher in silver is going to be extraordinary. And maybe tomorrow morning. All right.

There are other options in case you don’t want to do silver. I do not recommend these GLD or SLV ETFs. I would never recommend those to anybody as a trading vehicle. Maybe a different story. But there are physical, you know there are physical gold and silver ETFs as well. I’ll make a note and I’ll cover those in tomorrow’s letter. What else today? Book all ratio today opened at more than a one. Again that’s, that’s elevated.

Uh, it did close at a 0.83. Uh, but again that’s even. That’s a bit elevated. We want to see more of that. Again, the fact that every strategy on Wall street is bullish is not one of our favorite things. But again we covered that earlier. I think, I think we’re in good shape there. We want to see a high put call ratio by the way, what else today? All right, I think I’ve covered it.

[00:28:16]:
Must have bitcoin. Let me just mention this now looking at a chart of bitcoin is beginning to look very constructive to me. Bitcoin has been washed out. You not nearly as many people are talking about it. All the braggarts are gone. You know, they’re essentially gone. And that just needed to happen. We needed a pause period.

And I’m not saying this is the end of it. Right. But just so you know, we’re long Bitcoin from 1001000 on this trade. Last trade here is what 88 2, 883 and it does Feel to me like it’s based, it’s had a solid base here, good basing action and I, I do expect the, the next move to be sharply higher and I like the way it’s acting here. So I just want to point that out. Very constructive trading so far that we’ve seen over the last two months in Bitcoin. Tyler also reminded me that, you know, it’s not just the US Equity markets that are bullish global as well. What’s happening in Europe again, the DAX and the Euro stock 50 just, just hit an all time high today.

[00:29:21]:
And we’ve talked about this a bit in the past, but it’s been a while since we covered it. You know, if you’ve seen the defense budgets throughout Europe, they’re, they’re going up. No, that’s not necessarily a good thing if you like peace instead of war. But if, if what I think is going to happen happens, if we do get peace between Ukraine and Russia, you know, how many, how many trillions of dollars is going to flow into Europe for, to rebuild Ukraine over the long term? I think in the short term it’s pretty safe to assume you’re getting $500 billion coming in in a flood and that’s going to, that’s going to be dispersed throughout large parts of Europe. And so you’re going to see a liquidity boom take place in Europe. We’re not recommending it. We still think the better market to be in is the United States for sure. But again, that’s, that’s, that’s bullish for global markets and it’s bullish for global supply and demand.

And it just matches everything that we’ve talked about here for so long about this ocean of liquidity all over the world. Again, one of our, one of our major themes here along with Trump, economic miracle. And of course we want to see housing and that’s a big part of that, by the way. We need to see that follow through this week. We hope Trump really brings it with his recommendations there and they’ve got things in place because if housing doesn’t go, the economy is just not going to go. The stock market’s not going to go. Housing has to go. It’s like housing in the semis.

Those two have to go to have the kind of bull market we expect we’re going to have in 2026. But we got to get housing going. And of course, our other big one, of course is the innovation revolution. These have been our big three themes for some time. And again, this is why we’re so optimistic about about the year 2026. All right, let’s take a look on the hood today. I’ll be brief about this very quiet day. Again light liquidity again today.

[00:31:07]:
Internals today slightly negative, advanced decline but slightly positive volume. So really very similar to each other in that aspect. We had a few more stocks at 52 week low. About 100 more hit a 52 week low than 52 week high in our sector. Wash today again mixed here as well. Five sectors finished higher, six lower. Nothing more than one. Didn’t even have a 1% in direct sector in either way today.

So numbers to talk about there and our commodity watch again great bounce back day gold. We talked, we covered this earlier. Gold up today. Nicely. Silver up again. Close to 7%. Crude oil today 5,798 up a little bit on the day as well. And again Finally, Bloom Bloomberg Bitcoin 88300 last right here.

All right folks, that’s it for that again, no podcast tomorrow. Hey really hope you have a fantastic happy new year. And let’s all this all plan what’s going to be an extraordinary 2026. Because what we think about, we bring about. It’s a great time to start reading or reread Manifest Your Destiny by Dr. Wayne Dyer or any book that you love, you know, thinking, grow rich. Any book like this, the Bible, any book like this that gets your head in the right position, in the right headspace, right? For me that is manifest your destiny, Dr. Wayne Dyer.

What you think about, you bring about. Because I do know. I know this much. I think it knows for certain. I know two things for certain. What you think about becomes your reality. What you focus on negative or positive. Again, if you think you can or you can’t, you’re right.

And that is so true, at least in my experience and experience of so many people that I know and talk to about this. And the other thing is I don’t know a single successful person that I want to look up to or want to emulate. I don’t have a single one that’s not optimist that I think there’s a big, there’s a big clue in that for us. Okay. And so I think optimism, again, thinking about what you want, that’s going to be real key for me next year. And by the way, when I say that you’re all included in this, right? It’s our big VRA family here. We looking, we’re looking for a great 2026 with each of you. Thank you for being here.

[00:33:26]:
Happy New Year. We’ll see you back here again Monday after the close.