Welcome back to the VRA Investing Podcast! In today’s episode, Kip Herriage breaks down the current state of the bull market as the S&P 500 and NASDAQ notch new all-time highs. He reflects on the accuracy of VRA’s long-term ma ...
Foreign. Don’t look back. The market is closed. Good Friday afternoon, everyone. Kip Herriage here with the daily VRA investing podcast. Hope you had a good day today. Hope you had a good week as well in that it was, was it not all time highs again today? We should probably get used to saying this because this is that bull market. S500 and NASDAQ both at all time highs today.
Dow Jones has been a little bit laggard again. Value is just not participating right now. This is all about tech growth, momentum. This is the rotational theme that we told you coming out of the war was going to come back into favor. Did we get that call right or did we got that call right? Didn’t we? You know, look, I’m from Texas. We don’t really allow people to live in the state to have, they want to have any friends that, that, that are braggarts. And I’m always wary of aware of that. But you know, if you’re brand new here and you don’t know who you are, how else are you going to know unless we tell you what we’ve been forecasting? And again, just bear with me for a second.
I do think, I do think some perspective matters here. You know, four years ago, Todd and I wrote the book the Big Bribe after researching it for a year and we had to keep doubling and triple checking our work because we’re like, this, this can’t be true. Why aren’t we hearing this anywhere else? Because we weren’t. And it’s all in the book along with our mega trends. And you know, who knows, maybe one of these days somebody will look back and go, holy. These guys predicted exactly what was going to happen starting in 2022. They called the Megatrends. They got each one of those right.
They said it was going to be a bull market well into the2030s. They got that right because this is going to be that bull market. So who knows, you know, maybe somebody, somebody will notice it. It’s not that we don’t get exposure. We love it. And frankly, if I’ve been honest with you, I’m really not that guy. I don’t dislike doing TV interviews, but it’s not my favorite thing to do. I like to stay in my lane.
My lane is being right here in front of my computer screens. That is my lane. And I don’t like to travel. I do because you have to for business. But again, I always look forward to the trips, etc. But I’d rather be right here because I know me, I know Myself pretty well. And for me to be my best version, in other words, the guy that you need, I need to be right here because I get a real feel for the markets, right. Whenever I take a trip, I’m out of the office for a day of meetings, I always come back and it just takes me a while to get acclimated again.
Well, right now we’re, we’re locked in. And that’s the other thing. If you’ve been with us a while, we told you this is that bull market and to stay locked in. This is that bull market. Make sure you stay locked in. We’re going to be making some announcements probably starting on Monday of some things we’re going to be doing here because we’ll save it for Monday. We’re going to make some changes here. We want, we want exposure to the exact sectors and names that are going to be going up the most.
We’re not turning the day traders, but we are going to be more opportunistic. We did that with our minor call this week, didn’t we? And our leverage miner play, which I think is going to be extraordinarily good trade. And we’re going to start telling you about some IPOs now that you know, you can’t buy the IP. You know how this works. We’re a fin pub. But we’re going to tell you which IPOs that you probably won’t be able to get, you know, before it trades. But it just won’t matter. It just won’t matter.
And that may sound a little crazy, but you know, we’re going to be recommending IPOs that have already doubled in the first day because that’s the bull market this is going to become. Before I forget, I’ll tell you the stat now. And I had to look this up again today because I want to be sure I got it right. In 1999, there were one hundred and seventeen IPOs that doubled on day one. One hundred seventeen in 2000, there were 77 IPOs that doubled on the day they went public. That’s one hundred and ninety four IPOs that doubled on the first day. There were well over getting the exact number. I thought I remembered the number being over 100, but I don’t think that can be right.
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There were 50 or 60. I’m going to double check this. There were a lot of IPOs that tripled or more on day one. So let me ask you a question. Does it feel like we’ve entered that phase of this bull market yet? Like not at all. Like that haven’t started yet. It’s about to, though. This is going to be, you know, the next three, four months is going to be that phase where this begins.
And so we’re gonna, we’re doing research on the best IPOs. There’s one coming next week that I think we’re going to be, be recommending to you again for VRA members here. And we’ll, we’ll set up a little bit different part of the portfolio where it’s just meant to trade IPOs. Right. We’re not going to be hyper aggressive about it. We’re going to pick and choose our spots, but they’re going to be a lot of spots that we’re going to pick and choose. Holding period could be anywhere from a couple of days to maybe a couple of years. Right.
Depending on the company. Right. So, but again, I’ll come back to that more in a minute because I want to talk about this innovation revolution again. That’s been our name of this for four years. People that call it the AI boom or AI revolution, that’s what Dan Ives calls it, they’re missing the boat. This is so much more than just about AI. Yes, AI maybe, maybe the backbone of what’s happening here and the impetus for a lot of what’s happening. But this is about innovation.
It’s much deeper and broader than just AI because it’s going to impact every industry and it’s going to again, be very, very broad. That’s why this, this, this, this, this innovation revolution is going to last so much longer and be so much deeper, broader, longer lasting, powerful than the IPO, than the dot com, you know, melt up 95, 2000. Because there’s just so much more substance to these companies. And I got to tell you, one of my favorite things about this bull market as we sit here right now is that there are still so many people that are bearish. If you don’t believe me, you maybe you don’t know when it’s bearish. I think you probably do. Folks, the people that we talk to, the people that I talk to, Tyler can back me up with this. He’s seen, he’s having the same experience.
A lot of these are our members, our clients. They’ve been with us for a long time and they, they know that we tend to get these macro calls right. I would say 40 to 50% of the people we speak with are, if they’re not bearish, they’re nervous as can be a cat on a hot tin Ruth. And again, it’s because of 2008. Right. It still lingers that, that, that, that pain is still fresh from what happened. And everyone’s, you know, hey, we’re, we’re just, this is about to be the top. We got another 2008 coming.
No, we don’t. That’s a once in a lifetime experience. Most people on this zoom, excuse me, on this, on this podcast in their lifetime will not experience anything like that. That’s how, that’s how rare that is. Although we have had a lot of short term meltdowns. Have we? We’ve been talking about this with Trump. We just had our fourth. They all last three to four weeks.
They take the average stock down 30, 40, 50, 60%. As in the case of the pandemic, again, three to four weeks, very compressed and then boom, it’s over. The pivot happens and it’s over. Well, the war pivot has happened. Right? We identified this with you some time ago. When Trump pivots, he pivots and he pivots hard. Trump has pivoted from the war. It doesn’t even matter that Iranians are shooting at our boats, right? They’re getting almost, we’re blowing them out of the water, of course, but beyond that, there, there’s no, there’s no energy to start war again.
That’s not going to happen. I’m now convinced of that. Trump’s moved on midterms, six months, right? When he pivots, he pivots. So I think that’s something we can file away now. You know, it doesn’t mean we won’t have a couple of shakeouts. They, those are going to be buying opportunities. We have one this week. We got, we got shaken out of a position.
We had a stop in of a leveraged ETF and got hit yesterday for the exact same reason. I mean, we made 47% in three months. So it’s hard to complain about that. Annualized, you know, what is that? A couple hundred percent? But still, we really didn’t want to sell that position. But I think that’s, that’s, that’s the, that’s the mindset that we’re going to use going forward. So we’re going to make some changes here. We are going to be more aggressive and more, more, more tailored, right to where this bull market’s about to go. Because, folks, this is about to get very, very interesting and very, very fun.
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Helene Meisler, I know a lot of, you know, if you’re on social media, she used to work, maybe still does work for Jim Cramer. I don’t know. We don’t hold that against her. She’s one of my favorite technicians. I used to quote her a bunch. She’s gotten very, just honest between us, just between us here. She’s gotten very jaded about things. I know she hates Trump.
That’s just clear. And like everyone that hates Trump, they can’t, they can’t see through the tds. They just cannot do it. So they are overtly, excuse me, overtly bearish, like down into their DNA. And so, you know, I don’t, I don’t, I don’t play that game. You know, I want to be on the side. The market’s going to make us money. But folks, I’m telling you, hear me on this.
If you don’t have tds or if you can see through it, right? Again, most can’t. I know, I know we have a lot of people here that aren’t fans of Trump. I know that, I know you. We’ve had these conversations. I do not hold that against you. I get it. I completely get it. You’ve heard me and the issues that I have with a man.
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But again, my job here is to stay focused in on what’s happening to the economy and the markets. And so I can, I can see the difference between the two. But again, some people can’t. Helene’s just one of those people. I, I, I know this about her. She put out a post today on, on Twitter. I can’t call it X. She put a post on Twitter today that said, hey, if you weren’t around for dot com, I know she was.
She started the business four years before I did. But she said, if you weren’t around for dot com, now you know what it feels like. And my initial reaction was, no, not, not even close. And here’s what I said on Twitter, not, not. I didn’t at her, you know, it’s just my own post. I wouldn’t do that to her. Seeing people in the business during dot com, they’re telling newbies, now you know what it was like. Nah, not even close.
But we’re getting closer. Wait until the IPO wave starts and stocks are doubling on the first day of trading for months on end. We’re not in.com days yet, but that’s starting to ring a bell. And then I, I added to it again, 170. Haven’t seen 117 IPOs on day one in 99, 77 on day one in 2000. Again, that hasn’t started yet. That hasn’t started yet. So just.
You may think I’m crazy. Look, if I didn’t know me, if I didn’t know my own brain and the work I put in and the fact that live through dot com. And I remember the lessons learned and I had great mentors that prepared me for all of this. Right. Again, I. I’m just going to say it again. I haven’t said it in a while again, to hold it against me if it sounds hokey. I’m a spiritual person and I believe that things happen for a reason.
I also believe what you think about to bring about. I believe that down to my core. But I believe that everything that’s happened in my life has prepared me for what now, what’s happening right now. The economy, the markets, the culturally, spiritually. I think I. I feel. I feel complete. I feel whole.
I feel very locked in. And my confidence level is. I can tell you, it’s never been higher. And again, sometimes I say things. It sounds like I’m bragging. I think I’m. What I’m really trying to do is, is get the point across to you. So you’re tracking with us, right? And now that Sam’s joined us, you know, me and Tyler and Josh, now that Sam’s here, I can tell you, you know, the heritage family business just.
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Just grew by one. And Josh is not a heritage, but he is a heritage. I feel like he’s my son too. And we’re clicking. You know, everybody’s got the thing that they’re really good at what they’re doing and they’re doing it. And I’m just telling you, it makes my job so much easier. It certainly makes Tyler’s job so much easier. He wears tin hats here.
I don’t know how he gets done what he does. He’s. He’s just a. He’s a jack ball trade. He sees. He sees the angles attack. Sam’s the same way, but street smart, you know, and he sees that. He.
He sees through the. The bs. Anyway, I think. I think I’m trying to get across to you is that I think that we’ve got things covered here and this bull market is going to run into the2030s, well into the2030s. And the fact that so many people are still so bearish and concerned, I don’t know that there is a better buy signal than that. We’ll reach a phase where even the biggest perma bears flip to bullish. I told you before, I have my own list. I got eight people on that list that are perma bears.
Not one has capitulated yet. Not one. Now I have a friend that’s a perma bear and he’s finally capitulated. But he’s not a, he’s not a famous perfect person. These other people, you, you would know most of their names and they’re still bearish people like Peter Schiff. Right. He’s never ever when, when Peter Schiff capitulates and says either buy stocks or buy Bitcoin, that will be the day we sell. Just take that to the bank.
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I don’t even know if that’s going to happen. But we’re in a bull market now. That’s going to double every three and a half years. It well into the 2000s, I think. Honestly, I believe at some point people will pick, I think our moniker for this will be picked up the Innovation Revolution. Because I think that explains exactly what this is. Not as catchy as dot com maybe, but you know that that is what this is and that’s what makes it so significant again because so much broader, deeper. It’s going to last so much longer than just dot com.
So there we go. There’s my, there’s my little dot com story. Yeah. So we’re going to be doing some IPO business here. We’re going to make sure we hold our winners again. Tesla, do you see it this week? Right? Finally, finally, finally caught. You know, it finally got legs up another 4% today. You could have bought all you wanted four days ago at 375.
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Now it’s 428. And when I tell people, and I’m pretty vocal on Twitter, if you follow me, you probably know this. I, I believe in saying what I mean and I have a problem with so many people that just, they, they refuse to put on, on, on the record in exactly what they think is going to happen. I think it’s for that reason that I do it. I think everyone should be that way, look that way, that way when you make mistakes, the whole world knows it instead of just being vague about it. Right. Real pet peeve of mine. I do not understand.
I guess there’s no confidence in their calls or something, but I don’t understand that. And so, you know, I’ve made it very vocal as far as Tesla goes, you know, as you’re in, price target remains 1000. Right? 2028. Price target 2500 2036. Price target is 10,000. Those numbers haven’t changed that. Those are, these are our numbers at the beginning of this year. So we Got some catching up to do.
But here’s what’s going to make that easy. All right, first of all, people have this story so exactly wrong. I, I, I’m just blown away by it. How do you not know at this point in your life the Tesla story? Because it’s Elon Musk’s story. How do you not know that? There is no one that has a more visible lifestyle than this guy. Everyone knows what he’s building anyway. There are just a lot of people I think that just are haters or they like to hang on the negatives about you long which he over exaggerates timing. He does do that.
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But then all of a sudden it happens, right? It’s happened with every company he’s ever built. I think that’s a big part of it. I also know that Wall street, and this may be, this may be why I’m more bullish about Tesla than anything else other than It’s Elon Musk company. 42% of Wall street analysts have a buy wreck. Only 42%. What are they smoking again? The Wall street group think this is why they’re so bad at their job. I promise you this. Any tech analysts? Of course Tesla is not a car company.
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It’s a tech company. Even any tech analyst worth their weight would love to rate Tesla as a buy, but they can’t because Musk switched tides. It became a, he became a Trumper. Right now he’s, he’s conservative, used to be a Democrat. Can’t support that guy. They, they, they, they, the liberal Wall street, the elitist right, the group think that that is, cannot allow that to happen. That’s a big part of it. But if it was, if it was just an individual analyst, the one that runs the fund or the top analyst of the firm, if they could do it, I’m telling you, close to 100% would have a buy on Tesla.
That’s the, that’s the distinction. That’s the flaw, that’s a flaw in their system. Right? But I think the fact that we can see that again, that gives us a big advantage here because guess what? At some point all these firms will have a buy on Tesla. It’ll probably when the stock has 2,000 a share but it’s going to happen again. That gives us more impetus, right? That’s future energy. But we’re buying now. And that’s the big hole in the story of Tesla. This stock should not be for, was it What I say, 428 today? Yeah, 428.
This stock should not be 428 today. This stock should be 700 today again. But it’s not. Because the negatives about Musk are, are out there for all to see. Some is his fault. But if these Wall street analysts saying no, no, no, this, this story, it’s going to take much more time to develop. I’m, I’m writing some of this up on Monday, but I’ll go and tell you now. There was a post today about Optimus.
Check this out because again everyone’s saying Optimus is a next year story or a 2028 story. These are Wall street analysts saying this. We now have reports that consolidated supply chains have now been given the green light. Engineering verification and they’re entering small scale trial production production this month. I’ve read that nowhere else. I’ve seen no analyst that has a hold or sell on it that has said this. So this is the May trial period that is now underway. The roadmap that I think most people thought was a fourth quarter deal is happening.
There are seven key Chinese partners now. Again remember this is, these are being built in China at this point. These seven key Chinese partners of the company, Sunhua Tuopo leader drive among them, I don’t, I can’t pronounce the other names have already passed Tesla’s PPA certification. Right? That’s phase one certification. Right. So this is now starting and somebody’s put out a video online. It’s, it’s not, it’s AI about Tesla robots working, you know, Optimus working throughout facilities in China. That’s, that’s not happening.
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But Tesla’s work in China is advanced. Their work in California, of course the is advanced. If you know the story about the model, Model S, which is what I drive, highly recommend it they don’t make them any more new. I guess this month is the month they stopped making them. That and the X. I know a lot of you have also bought a Tesla. Maybe I had something to do with it. I hope so.
You love it. All your reports are glowing like mine. Look, it’s Friday. So hey, if you have not do me a favor, do yourself a favor. On a weekend there’ll be a Tesla dealership somewhere near you schedule a test drive. You schedule it right on Tesla’s website. Schedule a test drive and just you know, you’ll drive the car by yourself, but just have them show you how to initiate FSD full self driving so you can get on the road and let this car drive you with, with complete perfection. Right? The last seven trips we’ve taken.
We got another one coming up. The last seven trips we take long trips. We, we’ve used allowed the car to do all the driving and we’ve not have it to have to take over the steering wheel single time. It is perfection. So again the Optimus is moving. I think one of the reasons stock was up this week, the other reason is a robo taxi. There are now I think I’ve got this number right, 36 or 38 fully unsupervised robo taxis on the road picking a passengers to take where they’re going in in between Austin, Houston and Dallas. So it’s happening, right? These numbers are going to start doubling in the very near future and then they’re just gonna all of a sudden, you know, they’re just going to be there, right? Slowly then all at once again.
That’s another reason the stock really started jumping this week. Just the combination of these stories, words getting out, right. And they’ve got like eight different things they’re working on at the same time that are all company makers. Each one of them is right. So it’s a, it’s a great story. And so the point I was going to make here again from my dot com experiences. When you find a winner, and I mean a real winner, right. When you know it down to your soul, you know the company, right.
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It’s not a fly by night, it’s not a flyer. When you find the right companies, do not sell those companies. Don’t be tempted to take profits. Don’t put stops in right. We’re not, we did that at the leverage etf. We’re not going to deal with stocks. Don’t even be tempted to sell it. Just keep averaging up, keep averaging up.
When this stock’s a ousand, when it’s 2000, when it’s 5000, you’ll look back, maybe remember this conversation and be very glad because that’s the lesson I learned from dot com. Do not sell your winners. Right? I mean I made that mistake you make when you make a thousand percent of something. The temptation is I thank you. That was great to me. Let’s sell. Big mistake. You know, Amazon went up another 5,000%.
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You know, I sold that too soon. Same thing with Broadcom. So one is that one of our 10 baggers. It’s Friday again, portfolio holding Nvidia, you know, we’ve got, you know basically a double in it now which is nothing, it’s just starting. But again, stock hit an all time high today. Do not, do not sell that stock. Do not Sell that stock, they report earnings on May 20th. I think the stock will be 300 on that news or 215 today and then from there it’ll double again within a year.
This is, we’re entering that phase now. So don’t sell your winners know where you are in the cycle. Well, again, I’m going to lay all this out for you next week, but that’s kind of what I’m working on this weekend. And of course we use the VRA system which by the way, doesn’t really work that well in this kind of a bull market. You know, we had to extreme rebound on steroids. We’re putting stops in. That’s, that’s probably something. We have to stop doing it, it again, know where you are in the cycle.
That applies to me too. But you know, when our positions leverage ETFs hit extreme overbought on steroids, we stop buying and we start putting stops in. Well that, that, that hit us yesterday. Again, I’m just being, you know, honest with you. So we’ll make some adjustments along the way. We’ll tell you where we are, what we’re doing and of course then it’s your money. You’re free to do what you want to. But you know, again, know where you cycle, you’re in, have a game plan and that’s, that’s something we’re all working on right now.
And, and so that we’re really prepared for the true melt of phase that’s still dead ahead. You know, again, people that think this is late innings. I’m sorry, you’re clueless. I just, I don’t know what it’s going to take to wake some people up. I think some people don’t want to be woken up. Right. I think they think that if they, if they change their mind is viewed as weakness or something, you know, but, but I don’t like staying wrong. Do you? That’s why we’re trend followers.
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It’s so easy because the market tells you what it wants to do with this price action. All you got to do is follow along, especially where you’re in a, again a series of megatrends like this. All right. Oh, the jobs report this morning. I’ll just spend a minute on this. I wrote this up this morning. Again, so many people are committed, locked in to, you know, where we are. They think this is so bearish.
Well, we got another indication today that’s not good jobs report. Even more importantly, private payrolls almost doubled over over the estimates. This, this is the real story. Because again, we’re still dealing with more than 2,000 illegals that have been, you know, shipped out. Right? I mean, that’s a hit to your GDP. It’s a hit to the economy. It just is. 350,000 government workers are off the government payroll.
That’s a hit to the economy. It just is. So people are like, kip, you’re so bullish. 5% GDP growth. Why aren’t the numbers getting close to that? Give it a little time. We’re just out of year one. But again, the data is starting to improve. We’re seeing in manufacturing.
We’re seeing again in private payrolls. We’re seeing in everything. Right. Trucking. We’re seeing in everything. It’s starting, but again, it’s only starting. It’s gonna be a lot of fun, folks. It’s gonna.
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It’s gonna get a little stupid. Okay? It’s gonna get a little stupid. Maybe a lot stupid. It. It. People aren’t going to believe what’s about to happen. I want to make one more point because it’s funny. I wrote this up this morning, a topic near and dear to me.
Economic growth does not cause inflation because again, cm, CNBC ran an article this afternoon after I wrote this piece and said the Fed’s running out of reasons to cut rates. And they’re talking about because the economy is so strong, right? Well, thank God we finally have a Fed chair combined with a Treasury secretary and a president. All three. The triumphant, get this, that economic growth does not cause inflation. You know what causes inflation? Money printing. This really matters now because again, we’ve got a fetch here that gets it. But you’re going to hear, and again, the fact that CNBC ran this like two hours after I wrote this piece, I find very interesting that they can’t cut rates because economy’s too strong. Again, we know from history that Kevin Wash, Scott Bessant and Trump know that’s bullshit, right? And so we’re finally going to have a new attitude at the Federal Reserve along with all the other changes going to make, right? To get them out of our lives.
You know, these people shouldn’t be rock stars, right? Shouldn’t be monthly Fed meetings. Who needs any of that? Get these people to shut up. Stop doing all these pressers. We don’t. We don’t care. We don’t want to hear from you. We just don’t. So they’re about to be.
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Their limelight days are about to be adios. Is it. That’s worth a clap, isn’t it? Oh, These, sorry, these morons, they just are 400 economists on the Fed payroll, another 500 that are called consultants. They’re essentially economists. 900 people on the Fed payroll. We don’t need any of them. Not one. So a lot of changes coming at the Fed.
Looking forward to Kevin Warsh. That’s next week, by the way, the 15th. Right. I won’t get into all the reasons, but I think this is important again, because we’re going to have, you’re going to hear them shouting for the mountaintops. All the, the deep state Fed people. Jay Powell Hill even, even said, he said he was going to be, you know, in the background. I don’t believe that for a second. Not for a second.
This guy’s the most political Fitch here of our times. And of course, also the worst fetch here. Bad combo, by the way. But every one of these Trump critics is going to be saying, you can’t, you should be hiking rates. What are you even talking about? That means Bloomberg, CNBC, this is going to be 247 propaganda. Fox, I’m sure, will even be hit by this. Not Fox Business probably as well. Only our friends at Real America’s Voice.
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Again, because I’m on the shows, Tyler’s on those shows with them. We’ll make sure they know the truth. Right? And whenever I’m a Fox Business, I’ll make sure Charles knows this, Charles Payne knows this. Right. But again, most people are afraid to go on the air and say anything that might get them in trouble with the Fed because, you know, look, I’ve had my bank accounts canceled, right? I, I, I know, I know what the retribution they can bring. I just, I just don’t care. I just don’t care. But, yeah, I will be speaking the truth to these, these networks.
But why would they say that? Because they don’t want rates going lower. Because what’s going to happen when rates go lower? The housing market is going to flourish. The next boom in the housing industry. We are so close. We are so close. We’re so close. And it’s going to happen. But they don’t want that to happen because it’s just going to make Trump’s economy Trump economic miracle as we, as we coded it.
It’s going to make it that much more powerful. The midterms are six months away. They can’t have that. So get ready for a lot of that nonsense. But again, economic growth, wage growth does not cause inflation. Just remember that. All right, what else here? All right, talk. The war being over.
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All right, let’s Just get to the internals now. Let you get about your weekend. Not great internals, but again this also happened your.com Again this melt up is, is going to be broader but value stocks may not participate as much. Now again, gold and silver and the miners are going to for other reasons. Okay. The demand for gold is just off the charts. Again. That, that whole story is about to change.
The, the bitcoin, it’s not really a value stock. It’s been trading like one kind of, but that’s going to do well. And our other favorite cryptocurrency, Tau. Do you see it? Have you seen what it’s done? Tao’s up 118 in the last two months. And I’m going to share this chart on Monday. The relative strength chart of tau to bitcoin. Again, I think it’s like we’ll use this like we do the semi S 500 and GDX, the gold miner ETF to gold. These are tells, right? These are, these are, these are leading indicators.
[00:31:28]:
It tells which way this, this group’s going to go by the leader. Believe it or not. TAO is dramatically outperforming bitcoin. And maybe you do believe it. But again, 118% in the last two months. Really ready to go, go, go. In three years, Tower will be 10,000. It’s.
It’s 312 today. All right, we got the bitcoin call, right? It may be, maybe there’s something to what we’re saying here. Anyway, I almost come across like a completely crazy person to someone that’s. This never that doesn’t know me. Right? And I, I would understand that. I feel the same way if I was listening to this guy. All right. Hood today again, not great.
Internals not, not a concern. Again, we are fully extended. We are extreme over but on steroids. Again, this is normal. Advanced decline 1 1/2 to 1 positive. NYC NASDAQ 1.3 to 1 volume only 50.1% up. Volume today. NYC NASDAQ much better, 64.9% and we had 408, 78 stocks.
If it’s too high, just 213 at 50 week low in our sector. Watch today, pretty much the same thing again. If you only track the internals and sectors. Again, that’s part of what we do. But, but only part. You would not think this is a great day. Again, Dow Jones barely higher. We had six sectors higher.
[00:32:48]:
Five lower. Tech tech leading 2.7%. There’s. There’s your tell. Semis up 5.4% today. Again. Semis leading tech. Tech leads abroad market.
That is the way a textbook bull market works. By the way. I’m just seeing the story now. I cannot tell you how much I love this Michael Burry. Michael Burry, right. Big, big short fame just has a piece again. Just ran across my cm CNBC as I’m, as I’m talking to you, says the market today feels like the last months of the 1999-2000 bubble. What is this guy smoking? I gotta find a new, you know, metaphor or whatever for that.
I use that all the time. It’s gotta be something better. He should listen to this podcast. He really should. Why? By the way, while on the subject of Michael Burry, he used this pump and dump and it was, it was a pump and dump. He bought GameStop before he told anybody. Loaded the boat. Then he came up with his buy recommendation.
Then he had everybody sign up for his stub stack. I don’t know how many thousands of people sign up for that and bought GMA GameStop. And then what was it, two days ago, you know, three days ago when GameStop announced they’re, they’re going to try to buy ebay, which I doubt is going to take place. I’m not even sure that, I’m not even sure that Ryan Cohen really wants to do that. We’ll see. I think there are other things at play here, very interesting things. He’s a, he’s a next level thinker but again, the stock hasn’t done anything for two years. So you know, let’s get it going man.
[00:34:26]:
Show, let us know what you’re all about here. But anyway, buried in came out and said he sold all his GameStop. That’s a rug pull. That’s a pump and dump. Because he just crushed people both in the stock and on his sub stack. That’s a double rug pull. It’s a double pump and dump. He should be ashamed of himself.
Guess what? Guess what this guy does. I went to his Twitter account. He turned off. The feedback from people was so horrible. Horrible, right? Real hatred toward this guy, GameStop people. If you know the shareholders, you won’t find a group more passionate than them. Right? I, I’ve run a foul of them. They are brutal, just brutal.
But he turned off replies to his Twitter account. Who, who, who does this? Dude, dude. You scam people. And it was a scam. You scam people. Just four hours before he said he liked the deal. Four hours before, now all of a sudden changed his mind and then you turn off your replies. That is Weak as fuck.
[00:35:39]:
Michael Burry made one really good call. He’s made a lot of Back again. There’s so many people that are attached and locked into his ultra bearishness. Perma bear. Yes, he’s on my list. So many people locked into that they. That they can’t see through that they believe Burry’s the smartest guy. Prove it man.
What good calls have you made besides the one in 2008 which by the way I was making at the same time anyway. Again just find it entertaining. We want more Michael Burry’s. We want a lot more of them. It’s fantastic. We should all welcome it and celebrate that we have people like him that are. David Rosenberg. Right.
Peter Schiff. I’ll have to cover my list with you one of these days. But they’re vocally bearish and we love it. We don’t want them to capitulate. All right. So again very very good. Does very good leadership today Semis and and tech in our commodity watch today Goals. Had a great week.
We’ve been covering that with you pretty much ad nauseam this week. Why that move started and while it will continue and it will gold today up 12 bucks at the 4723 I think all time highs in two months. Silver had a really good week up another 2.4% today to 8035 an ounce. Copper today up 1.7% again a very good week up 6628 a pound. Crude oil down slightly today. It actually had been higher earlier69468 Again I think it may remain in this range for some time but it is going lower. And the filing of the day. Bitcoin80231.
You know my favorite crypto it’s not bitcoin but of course we still own it and it’s going to be just fine to get all time highs by year end. All right folks thanks for hanging out with me. Thanks for your patience with you. Thank you for being here. We really appreciate you. Love your feedback by the way as well. Listen, I appreciate you. Listen have a great weekend.
[00:37:30]:
We’ll see back here again Monday after the close. It.
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Welcome back to the VRA Investing Podcast! It’s a jam-packed Wednesday as Kip Herriage returns after three days away with an in-depth market update. Today, Kip Herriage breaks down the end of the market’s nine-day winning streak, why he believes this is a "buy the dip" moment, and how the VRA System signals there’s plenty of room left in this powerful, long-lasting bull market. He covers headlines from a parabolic surge in semiconductors and AI stocks, to the impact of global events on oil and rates, and the market’s anticipation for the SpaceX IPO. On the company front, we get updates on Tesla's breakthrough robo-taxi rollouts in Austin and promising news for Lost Soldier investors. Kip Herriage also unpacks the latest in Bitcoin volatility, gold and miners, and why retail investors may be selling the recovery short. Strap in for a fast-moving, insight-packed episode that puts the week’s major financial headlines into sharp focus!
