Welcome to the VRA Investing Podcast, your daily source for market insight and actionable strategies. It’s Wednesday afternoon, and Kip Herriage is here to break down another strong day in the markets. On today’s episode, Kip explores the powerful rotation back into interest rate sensitive groups—tech, semis, small caps, gold, silver, and bitcoin—that are poised to lead the next leg higher.

Foreign. Don’t look back because the market is closed. Good Wednesday afternoon everyone. Kip Herridge here with the daily VR investing podcast. Hope you had a good day today. Another good day. Today we’ll talk about exactly why that was. The things that should be going higher are going higher.

We are now. We believe this should be the beginning of a powerful rotational move back into the things that make matter, which means rates are going lower. Interest rate sensitive groups from this point forward should begin to really skyrocket. That’s our call. That’s how we’re positioned here. We’ll talk about that a little bit. Artemis 2 gotta say Artemis 2, how cool is this? We got four astronauts that about to go further into deep space than anyone’s ever gone before. And that launch is supposed to take place I believe in about an hour and a half.

That’s going to be fun to watch on 10 day mission. Godspeed to these four brave astronauts as they As a Canadian on there though I had a problem when I heard as a Canadian hey as long as he from Alberta, I’m good with that. Alberta by the way. And again Godspeed to all the astronauts. Have a great safe mission. Getting one step closer to headed to Mars. Right. That’ll of course be Elon’s job Right now this is being done by NASA.

Did you see that? Alberta has now gotten enough signatures to vote for their independence. This is going to be on an Alberta ballot. They’re going to vote to, to secede from Canada. And I think it’s going to be, my guess is the federal government is going to try to challenge this every step of the way. But right now the citizens of Alberta have taken the steps needed to vote for their independence. We’ll see how that plays out. I know a lot of us hope that there are 51st date uh, Albertans don’t really feel that way. They just want their independence.

Not that they don’t like the United States because they’re not like the rest of Canada. That of course is of course has TDS now. Right. But I just, I hope and believe this is going to pass. Look, I’ve spent a lot of time in Alberta on business trips. Alberta is just like Texas. It’s the people. I honestly I, I, I saw no difference whatsoever.

None. The way they live, the way they speak, they’re just good people. And then you know, then, then the whole all of Canada went crazy and went woke and our burdens fall back. So again very, very glad to see that for all our Canadian friends up there, you know Maybe, maybe there’ll be some more parts of some more provinces of Canada that wants a seating as well. Canada looks to be very lost to me. Look completely lost. And by the way, for all the people out there that really despise Trump, I mean, I get that there’s some things about him that aren’t that likable. But if Trump had not won, if Kamala had won, we would be on our way to the UK and to Canada and it will be happening at lightning speed.

[00:03:06]:
This is why Trump’s exactly right. We’ve got to do with the filibuster because the minute, the minute that they take back the White House and have, I guess at that point that only need the White House in the House. Right. And because you’re going to see immediately, you’re going to see a major change in this country for the worse, going to have more states, we got more Supreme Court justices. And it’s going to happen probably in the first hour that the new president, new Democrat president takes office. So again, Trump has done a lot of great things. And by the way, this is, this has been one of our major themes about this war. As you probably know, we said from day one, from the, from the first bombing, which we weren’t in favor of because I, I despise the military industrial complex and I have since 911 when I woke up to what’s really going on there and now what’s happening across the country, but in so many other areas, but all because of 9 11, by the way, Patriot act, etc.

But it’s just, if Trump hadn’t won again, we’d be going down a very dark road, which is why we said from day one, as much as we’re opposed to new wars, we trusted Trump. We still do, especially when it comes to the military not wanting boots on the ground. That may still happen. If it does, you’re going to hear from me. I’m not in favor of it. But you know, as I said yesterday, I still think something interesting is going to happen in Iran. By the way, Trump came out today and said, no, we’re not leaving until the strait is open, until this is worked out. That’s, that’s what I believed he would say.

And again, he’s going to give his address tonight at 9:00 Eastern. Well, I’m sure he’ll lead off with Artemis. Of course, he’s president. While it’s happening, he’s going to take credit for it again. That’s annoying. Is it not? The ego really gets in A lot of people’s way. I think that’s probably the biggest drawback about Trump is he’s just got such an annoying ego that everything’s got to be about him. But I do believe he loves America.

Matter of fact, I believe that in my DNA. And he doesn’t want our military to, to get into forever war. And I believe that’s true. So I think he’s earned our trust. I know our military’s earned our trust. That was been our first point. Our second point is that very simple point in my opinion. If you’re in a war and your enemies are us and the Israel, just surrender, just, just surrender because you have no chance.

[00:05:33]:
Especially with this president best fighting men and women on the planet and doing it for all the right reasons. And again, with Israel as our partner, again, it’s the intelligence factor, the technology and intelligence factor that they just, that no one else can beat. And if something happens here like happened in Venezuela, who knows, we might have an officially new regime in the very short order, maybe this weekend, three day weekend for Easter weekend. I would think if I were president, that’s when I would want to try something like was tried and Venezuela. So that was point number two, point number three. The reason we stayed bullish and been adding to our positions selectively. So we’ve added to our gold miners, added a gold and silver. We always use dollar cost averaging on our ten baggers of course.

And now we’re getting very close to adding chart ETF position. So we had been adding, we certainly didn’t sell anything. And the primary reason for that is we knew this, this was a geopolitical shock. This, this was going to pass. And I think that’s what so many people lost because so many people, so, so many people have turned bearish. This is one of the reasons that we were so bullish this week. So many people have turned bearish. I’m going to tell you a story about one of those guys in a minute.

But the primary reason is that we’re, we’re in the early innings of what we’ve called a structural generational bull market driven by the Trump economic miracle, the innovation revolution and an absolute ocean of liquidity. That’s why it’s structural. That’s what’s going to continue to power this bull market well into the2030s. This will be the bull market of our lives. Even if new, new I think even if science progresses to the point that we all live to be 120, 130, 150, which that’s coming. You know that, that, that, that’s coming, right? New product announcements are coming, innovations are coming. It’s going to blow us away. There’ll be no disease inside of 20 years.

AI Unleashed is going to cause some problems, but it’s going to solve so many more. And it’s going to be amazing. It’s going to be, it’s an amazing time to be alive. As we’ve said for a long time, it’s a great time to be an optimist. But this is again, from an investment point of view, dips and corrections will remain a buying opportunity well into 2000-30s, no matter how long you live. I think even if you live to be 120, 130, let’s say that for me, that’s another 60 years, right? I don’t think I’ll see another bull market like this one. All the pieces of the puzzle are in place. And again, I love the fact, love the fact that so many have gotten bearish.

I’m going to tell you a quick story about one of those guys. This is, this is fascinating. A lot of you know the name Carson Block. All right, Carson Block and I got into a Twitter skirmish. I challenged him to a debate and he didn’t. He never got back to me. But he didn’t like my, my, my bullish views. This was right after he published the, published the Big Bribe.

Carson Block is a well known short seller of Muddy Waters. That, that, that’s, that, that’s what he did since about 2010. Now, the guy’s done some very good work. He exposed a lot of fraud in China. And again, I give him, he’s a very bright guy. I give him kudos for that. But the one thing Carson Block has not done in his career is make people money consistently. Matter of fact, he’s lost a lot of people a lot of money.

He stayed short everything for way too long after the financial crisis, okay? And he did so poorly that he closed down his, his bear fund. His short fund. This was about, I believe, two, three years ago he closed it down all of a sudden. He resurfaced last year. And again, this is after he battled me and said I was, I was basically an idiot for saying that we were starting a generational bull market. This is in 2022, when Biden was still president. That’s one of the issues that happened. The bottom line, we were super bullish.

[00:09:24]:
We were right to be. So Carson Block was still super bearish. However, he then closed his short fund. Excuse me, you drink water here and Then he resurfaced last fall and he said this is a bull market that can’t be stopped. All of a sudden he changed his tune. Like what, what? I saw him on Bloomberg and he goes, we’re buying AI is the real deal. We’re buying tech stocks. We’re long this.

And you know, the, the, the, the interviewer said, well you’ve really had a conversion, haven’t you? Because you were bearish for 15 years. He’s I really have. And that’s because this is Chebo, right? I saw him again on Bloomberg yesterday and this was news to me. I did not know he had, he had changed. He changed horses already. Carson Block went from being bearish for 15 years to late last year becoming a bull and now has flipped to bearish again. When I saw it yesterday, I said this is a bottom. This is a bottom.

Carson Block said, we have a. Yesterday said, we have a credit crisis that’s likely going to blow up because this is the new bear theme, right? This is the new bear theme. And he just happened to mention, you know, junk bonds and lower rated paper. So I ran our VRA system on this and yeah, all of a sudden it looked like he might have been onto something. Just to give you an idea, J and K, the high yield junk bond fund and hyg, the, the other high yield junk bond junk bond fund just had just fallen below the 200 day moving average on rising volume. And I’m like, okay, you know, look, if it’s something we need to pay attention to, we will. I think this is not systemic. I think it’s actually going to be very tame in nature.

That’s how we see it. Well, since Carson Block was on and the word broke that he had turned, turned back to a bear, H, Y, G and J, N K, the primary junk bond credit funds have gone parabolic. All right, they’re both back now to the, they’ve climbed back over the 200A and now back to the 50 day moving average. Some people are a great reverse indicator. My point I’m trying to make here is that we try to live by this. Never be a forever anything. Don’t be a perma bull or a perma bear. You can’t just have a methodology and try to force that into a market structure.

And again, that’s the key. This is a structural market. Look, would I have liked to been short a month ago? Would I like to own a bunch of puts and play from the short side? In hindsight, yes. But as we said, and this our Conviction is even stronger about this now, again, this is a geopolitical shock. We have these moats in America that make us the place to be. We’ve been talking about the, over the last week. These were, these were counter trend moves lower. We, we just went.

[00:12:22]:
And I believe, I do believe the lows are in Monday’s lows. Monday’s lows will be the lows and the next big move is sharply higher. So the primary trend remains super bullish. The counter trend was bearish. But that happens, right? Every 13 months we get a 10% correction. That’s just going back to 50, 60 years. That’s just what happens, right? They’re always painful, they always suck, and then they’re over. And then the primary trend kicks in again.

Also in midterm years, I think we shared this with yesterday. In midterm election years, it’s very common to have a correction or, you know, a move lower of 4 to 5% or at least 10%. Like we just saw some of these are 15, 20, 25%. The average correction during midterm election years is 16%. When they take place, the average is 16%. So that’s, that’s kind of painful, right? But it’s what happened next that’s most important because the move once the correction is over, and again, I believe this one is absolutely over once we’re seeing all the signs of that once the correction is over, the average move higher over the next 12 months is 38%. So that’s what we’re in now, right? We’re back in the, into the primary trend up mode. These dips are buys.

And I’ll, I’ll tell you what we’re looking for to, to be adding to positions because, you know, look, yesterday’s move was a rocket ship of a move based on the war ending or at least word that the war is ending. Right? We’ll find out more from Trump tonight. Um, do. I think it’ll be straight up parabolic? I really don’t because I think we’re going to be there a couple more weeks. I, I think something bad, some, an event could still happen again. The news media is going to drive a lot of this. So the short shorts are covering. That’s what’s driven this move higher.

We’ve been telling you this last two, three days. The shorts got in the extreme fear got so deep again. Fear and greedy down to nine. We had the highest level of short sales that we had going back many years now. Nasdaq, this is crazy. The NASDAQ MAG7 are trading at an equal valuation to financial stocks, SPF 100 etc right. Again, this hasn’t happened since 2018. So we’ve had that rotation this come out of the mag 7 out of growth stocks, out of momentum and guess what’s going to lead higher now this their time to move higher.

And again remind you I’m talking about interest rate sensitive groups, right? Technology semis. These are high growth companies. Very interest rate sensitive. Small caps, highly interest rate sensitive. Gold silver miners. Again things we’ve pounded the table. Highly interest rate sensitive. Bitcoin and our new, our new favorite towel.

Highly interest rate sensitive. So that’s how we’re positioned here and we again we’re using this as buying opportunity. Our forecast remains by year end oil will be below 70. I know a lot of oil fans out there probably don’t. Don’t hear me say that. A lot of energy stock fans don’t hear say it. But you know we’ve been sharing this data with you. We just saw some very compelling we think is evidence that oil was good, is, was going to and go a lot lower.

[00:15:34]:
Again the perma bears, you’ve seen it like I do. Oil’s going to 150. This other guy says 200. And they’re so confident, they’re just supremely confident that closing the street of Hormuz is going to rock the entire world. We did the math. It’s just not true. It’s just not true. In a matter of what the war has been a month, the strait was closed just a week and a half ago.

In a matter of two weeks. Really In a matter of two weeks. They’ve already found replacement for the lost oil in the Hormuz of 60%. So you know the world’s great about solving problems. That problem is, is now largely solved. The structure moves. You seen the traffic. It’s, it’s flying through there now, right.

So again I don’t think Trump’s going to leave until this final solution to that. But we saw charts and we saw evidence that oil was going to peak and that’s exactly what’s happened so far. I think it will continue to look. We may stick around this range say 95 to 105 for another week or two until we, until this is officially over. But, but when you see futures, right. A December futures for oil that are now today at 7,150 a barrel, right. With oil right at 100. Right.

That’s telling you the futures markets don’t believe this price is going to stick Also, as we’ve been talking with you about here, energy, it’s like, you know, the gold miners leave lead, gold in both directions. Right. The semis lead the SPF 100 in both directions. These are great relative stream charts. We also know that energy stocks lead oil in both directions. If you remember, over the course of the last year, we’re telling you, as so many people were bearish on energy stocks, you’re like, but they’re going up. Why would that be with oil going down? And that told us then something was going to happen. And we thought it would be a geopolitical event.

[00:17:23]:
And what did we get? We got the Iran war. But now that that’s happened, it’s buy the rumor, sell the news. Right. I think a lot of people so caught up in the, in the, and the euphoria of the propaganda of the media and also the propaganda of the military industrial complex, remember, a lot of what they’re giving us is disinformation, misinformation, because they know that our enemies read that as well, too. See, so many people reading stuff from the military, either ours or someone else’s, and taking it like it’s gospel. They’re planting these stories. They want the enemy. They want you and the enemy thinking something totally different.

Then what’s the truth? Uh, that’s why when Trump says, we’re leaving again, I’m not so sure. I think the job’s not done. I think something else is going to happen here. If you’re with me yesterday, I shared my dream I had with you. I’ve had vivid dreams in my life. A lot of these have come true. Four, on four occasions. Four occasions, vivid dreams where something really big has taken place.

And I’ve dreamt about it in the days leading up to it. Okay? And I had that dream now five days ago about, about Iran surrendering. Bright lights in their eyes, hands in the air, just completely. You could tell they’re not decapitated, but they’re. They’re incapacitated. Yeah, they just, like, lost control. They’re just giving up. Please stop.

Please stop. So, again, I don’t mean to be weird about it. I know that, that if somebody else was saying that, I would say, you sound like a weirdo. I can’t believe anything you’re saying after that. But anyway, I think a lot of people that know me for a long time, I’ve shared these stories before. So anyway, there, there, there is some, some relevance there, but I do think that this, I don’t think Trump’s leaving Until this is a truly a new regime. Now, there, he’s not wrong. Neither is Pete Hegseth, who said yesterday there is a new regime.

Well, that’s actually true. That’s, that’s, there is. But I’m talking about a regime we can work with. I’m talking about getting rid of the religious craziest in Iran. In Iran. And letting the other 60% of the country that doesn’t want to practice wearing mailboxes if you’re a woman. Right. Being able to drive a car.

I’m talking about returning that country to normalcy. They’re very close. Trump is very, in my opinion, very close to making that happen. I don’t think we’re leaving until that happens. That’s why there may be some more volatility. But again, we want the money as long as the Monday lows hold, the midday lows on Monday. Right. That, that was kind of our, I think that’s going to probably serve as our flush moment.

[00:19:52]:
Then. I, again, I, and I do think high confidence call that the lows are in when Trump pivots, if you’ve noticed, right. With the lockdown, Trump saw the destruction taking place, raised it, stopped it, the pandemic. All right, with, with his terror policy, which was completely unnecessary. I mean, it just was. But he didn’t let Trump be Trump. Right. That’s what Steve Bannon always said.

But in the end of the day, tariff mania, market the markets. If Trump had not paused his tariff policy after tariff mania, right. I’m telling you, the market would have crashed the next day. I also think Monday, had he not the word leaked out, I’m telling you, the word leaked out that Trump was going to say, hey, you know what? We’re mission accomplished, essentially. Objection. Accomplished. I guess it should more accurate to say, I think, I think Tuesday could have been that flush day. But, but, but, you know, with, with every administration and yeah, Trump’s as well, there’s a whole lot of insider trading going on.

Right. It really, we’re seeing it very clearly in this Trump administration. And, you know, I’m, I’m, I, I don’t have a problem with it. I mean, look at these prediction markets. That’s, that’s most of that activity with these large bets is all based on inside information. All right? You know, I mean, is it morally correct? No. But remember, folks, we are living, we are living in a very interesting time, right? This is the Roaring Twenties. This is the Roaring Twenties.

[00:21:27]:
And this is free market capitalism on steroids or the Wild west. As we Called it the, this. We’re in the wild west of free market capitalism. And so this administration, this Justice Department is just not going to go after people for things like this, for insider trading, et cetera. This SEC is not going to. Have you seen the evidence of that? I have not seen an SEC insider trading charge in a very long time. That’s pretty good evidence of that right there. But bottom line is this, yeah, not, not wild about the leaks from the government but that’s, that’s why the market reversed on Monday.

I’m certain of it. And so look, the lows are in. Not to be too repetitive. Oil’s going to less than 70. I don’t think that means energy stocks are going to crash by any way shape. I wouldn’t buy them here. They’re still way too overbought. But if we get a pullback that lasts about another week to week and a half in these energy stocks, we’re going to be buying them using our favorite leverage etf.

So again I think the uptrend in energy stocks is, is, is well in place. Right. I just wouldn’t buy them here. And oil’s going lower. 10 year yields. Our year end target remains. This has been our target from the beginning of the year. Okay, We’ve not changed anything.

[00:22:44]:
10 year yield finished the year below 3.5%. Of course we had backed off from the highs up just a bit today. 10 year right now as I speak is 4.31%. Just, just up a fraction today. Not much. Again we think the 10 year yield will finish the year below 3 and a half percent. 30 year mortgages will finish the year below 5%. And again that’s why interest rate sensitive groups are going to so well, housing included that by the way, SBF 100 is going to put up gains of more than 30% this year.

I’m not talking about from here, I’m talking about from the beginning of the year. Right. With again interest rate sensitive groups is our focus. Semi tech housing, small caps, gold, silver gold miners and bitcoin Tao, this is our focus and it has been for the beginning of the year. So the last month was pretty painful. But again, you know, again we’re long term investors and the only thing that changed was we went to war. It turns out was going to last about a month anyway. I heard someone say, I think it was Ryan Dietrich said this a couple weeks ago.

Volatility is the price of admission for investing. And I’ve heard that before but he said it reminded me because it’s Just the case, right? It just comes with being an investor. But you have to. The hard part is not getting wrapped up in the propaganda, right? Not getting wrapped up in the emotion of the moment. That’s the hardest thing for most investors to do. And I will tell you that the emails we’ve gotten from our subscribers over the years, the primary theme of those emails, and we get this, we get this comment a lot. I know a lot of you listening will go, yeah, I sent you one of those emails because we get these a lot. The primary theme of these is, you know what, I’m just glad you guys are there because you keep me from freaking out, you keep me from getting too greedy at the top, you keep me from freaking out and selling at the bottom.

But because I’ve done that, you know, and who hasn’t, right? But again, that’s why having our very investing system so powerful, by the way, we’re right now 8 to 12 screens, bullish. We were at 10 to 12 when the war started. We only lost two. The technicals haven’t been great, but again, they improved because we got to extreme oversold on steroids, right? And so that actually ticks us back up a notch. We get down to 7, 7 of 12, and now we’re 8 of 12 very quickly again, I think in a week or two we’d be back to 9 to 12. And of course, we’ll pass it on to you when it happens. But it really helps us, helps us, helps Todd and I and Sam and Josh and Danielle to manage the, the emotions of investing. All right, what else today? Oh, by the way, for the people asking, how long is it going to take these shorts to cover? Right? It’s going to take them a couple of weeks.

[00:25:33]:
Bottom line, these are CTA’s hedge fund, CTA’s commodity trading advisors. These are systematic traders, momentum traders, computerized traders, right? They. Everything they do is very disciplined, right? It’s, there’s no, there’s no guesswork in it. It’s based on what their models say. And right now, their model said, you got too short, frankly, it would matter. They were behind the covering move higher yesterday. The good news certainly helped, right? It was going to take a week or two for them to cover, depending how fast they do it. But see, remember, there’s a flip side to that too, because now, in addition to covering the shorts, they now have to go long and that’s what they’ll have to do, right? These people manage a lot of money.

By the way, CTA is alone. This is over the Last month, last 30 days, CTAs have sold $184 billion in global equities. And because so many people piggyback off what they’re doing, right. This spreads very quickly. So I would imagine that we’ve had probably short sales totaling more than $2 trillion over the last month. And again, all that now has to be covered, followed up by going long. So that’s the two for we’re talking about. And that’s, by the way, rocket fuel for the markets.

And that’s why these recovery moves from, from Trump’s two previous events, right, the plandemic and, and tariff mania. That’s why the recovery moves were near parabolic. Right. And so that’s, again, we’re, we’re going to get something, I think, very similar to that. And the rest of this year is going to be extraordinarily good. Trump’s focus, by the way. Now this pivot is happening, what’s it going to be? All domestic. You’ll see.

No international news from Trump now. He’s got a trip to China scheduled. Right. But his policies are all going to be domestic driven because that’s what everybody’s complaining about, rightfully so. Right. Why are we doing Israel’s work, I mean, plus ours as well, right? With it, with, with Iran? Why are we, why are we handling the rest of the world’s problems when we can’t get these basic things passed in our country, like the Save America act, you know, basic economic policy. How about. I don’t want to get into it.

There’s so many things that haven’t happened. The jabs are still in the market. I don’t want to get started because there’s so many things that I thought would be handled by now. But I’m telling you, with this pivot, Trump will be laser focused on domestic policy from now to the midterms. And I think, again, if the same America act can be, can be passed, then Republicans win the midterms easily. It won’t be close, I think, I think most of us realize the level of rigging that’s going on. That’s treason, folks. You’re changing the entire course of history for the country.

If that’s not treason, I don’t know what is. So there are also some rumors, by the way, that Trump’s got some bigger things in the works here. I don’t want to stand like Q, but I know a lot of you know this, this stuff better than I do, and I’ve got a lot of friends that know this, have done their research on this area and they’re telling me that something very big is hack is in the process of taking place and that it’s going to happen in the next one to two months and it’s going to blow people’s minds. So let’s, let’s hope that’s all true. Again, one of our big bride megatrends was the red pilling of America. Animal spirits coming back. Right? And how great that’s going to be for our country. Of course it’s happening.

[00:29:11]:
But if we get the Save America act passed and we expose these traitors for who they are, the 250th anniversary coming up this July is going to be a party for the record books. We’ll probably throw a party here in Sugar Land, invite all you to come because I’m talking about it could be that kind of a party where we’re back to all the way. The criminals have been fully exposed. It’s not Democrats. That’s not really our enemy. It’s the intelligence community, folks. It’s the intelligence apparatus. It’s the shadow, it’s a shadow government.

The deep state. Now the Democrats are their partners, but the Democrats are powerless. Right. Without the intelligence community that wants to take the US in a very different direction, what direction is that? Communism. Right. They want us to be on the way to Canada, the way to UK because the obvious reason, you know, in that kind of setup, the people are pretty easy control and you just lock them up if you have a problem with it. By the way, if Democrats take the, take the, the White House again, I think a lot of us are going to get locked up. You know, I think a lot of us are going to be in serious trouble because they, they play to win.

We saw that with Jan6, didn’t we? All right, what else? Today I’m making a comment. We been pounding the table on gold miners and I think, you know, beginning a week ago we said whatever you don’t sell your gold miners, matter of fact buy. And, and that’s, that’s been the right move. GDX and GDXJ were both up like 7% yesterday. They tacked on another 5% today. Again, that’s, that’s key. You want to watch what bounces back first from these corrections. What’s it been so far? Semis, tech, gold, silver miners.

[00:30:56]:
Right. Momentum. This is going to be again the rotational group that we want to be in for the rest of this year minimum and probably beyond that are going to be these stocks. It’s just not going to be a good time to own most value stocks anymore. All right. I know people can say, well gold and silver are value stocks. I know they’re, they’re trading like momentum stocks now. I’m talking about the classic energy stocks.

I just don’t, I think that that trade’s done right. Banks, no, they, they had their day in the sun. But interest, lower interest rates. I would say that, I would want to say that help banks. But no, banks actually thrive of higher rates. So again that’s our call. We’re sticking with momentum growth, tech, semis, gold, silver, small caps, housing. That’s, that’s our focus for the remainder of this year.

And again, that’s high confidence call. All right, what else here? All right, let’s take a look under the hood today. By the way. I, I, I, I’m so happy because, and this doesn’t happen much anymore, we got both the boys home, right? Both the boys are home now. And Todd and I are going to do a joint podcast tomorrow, by the way on video. First time we’ve done that in some time. So looking forward to that from here in my office. Tyler and Sam are both here.

Sam has actually moved back to Houston. Austin just wasn’t for Sam. Right. They’re both single and, but you know, they’re, they’re, they’re in late 20s, early 30s. They’re ready to take that next step and find Mrs. Wright. And for Sam, that just wasn’t going to happen in Austin. Sam is, there’s not a liberal bonus fans body.

[00:32:38]:
I’ll just say that way. He’s, he reminds me of Wayne. All right. Wayne Allen root. Tyler is, is much more now he’s conservative and he’s, you know, he’s a common sense guy but he’s much more centrist on many things. Socially speaking. Austin is a great feeling for him. He’s been a lot of great friends.

There’s in a great church that he’s really happy with. But anyway, both the boys are here now and spending the week here with us. So all is right in the Heritage household. It’s been a very good couple of days here. Okay, let’s go to the hood today. I apologize for my voice again. Semis up 2.2% today. GDX up almost 5%.

GDXJ almost 5% again. December oil 7146. That’s telling where we’re going. Put call ratio by the way. Open well over one. Close at a point nine seven. We’ve had back to Back really very good days. Right.

Yesterday was incredible blast off. Right. And then today was strong as well. We never saw weakness. We never even challenged being negative. Uh, the, the, the final smart, smart money hour trading was essentially flat. I kind of thought we’d get a ramp. I think there’s a little trepidation about Trump’s address tonight.

You know, is he going to take a step back again? It’s always misdirection with this guy. You know, that’s just, that’s what he does to keep his enemies off balance. It’s hard for a lot of people to get accustomed to that. I just, I’ve learned to accept it. But I think that tomorrow is going to be a very good day, seasonally speaking. The day remember Friday is Good Friday so the market’s closed the day before Good Friday is one of the best days of the year. I, I think tomorrow could be a little bit of a rocket ship. I think the shortcoming move higher is going to continue and yes, I think it continues in the next week as well.

[00:34:23]:
Even if we get like a three day military action in Iran because let’s just pray that if that happens that it goes well with our boys and girls overseas. The, the best of us really is what they are. And thank you again to all of our, we have so many veterans here that served. Thank you, thank you for your service. And I, I, I, I don’t know that I could imagine doing that. Frankly. I’m not, think, I don’t think I’m built for that. But God forbid we have a bad war breaking.

If my boys are going, I tell you, I’m going to. But again, thank you for your service and all that you’ve given to our country. What else today? Sector watch today also very strong today. 9 of 11 sectors higher led by tech really communication services, industrials also up 1.6% and tech up 1%. 4, 4, 5, 5 sectors up more than 1% today. To the downside. Energy down 3.9% again had a hell of a run. Got to extremely bottom steroids and that’s just when bad things happen.

We’ve seen that movie play out so many times. Good day though all the way around in our commodity watch again you want to buy what comes what’s strongest out of a correction. That certainly means gold and silver. Gold today up another 2.2%. Last trade 4784 again our price target is 15,000. Remains 15,000 on gold. 2030 ish. Copper excuse me, Silver today was also up.

[00:35:52]:
It lost some of Its luster today but still finished up 410 of a percent. 75 15. Our target there of course is 300. I think it’ll break 300. To the upside, by the way, copper, this move just starting in precious metals and miners folks, we are so early in this move. It’s just the stars are aligned in a way that they’ve never been and I followed this group for a very long time. Copper today, flat on the day. 561 a pound.

Crude oil today again now, now, now, now losing steam late in the day. Now back to 98, 90. That’s just off the lows of the day. That’s down 2.4%. And finally the day bitcoin. Been a lot of chatter about quantum computing and it’s going to really damage bitcoin. It’s taking a little bit of the steam out of it. I don’t think it’s a concern at all.

Maybe in a few years but, but I think they’re, they’re, they’re, they’re, they’re there are counteractions moves that, counteractive moves they can take. They’re going to deal with that with, you know, hacking either the blockchain or wallet, et cetera. So I’m not concerned about it. Of course if it did happen, it would be, it is one of the biggest risks. There’s just no question about that. Right. Last trade 68 390. We remain buyers of bitcoin and our other favorite crypto, our new favorite, which I like more than bitcoin here and if you’re with us here, v.

You know what that is. If not, come and join us. V.insider.com Again V insider.com God bless our astronauts as they lift off to, to, to the around the moon and back. And folks, thank you for being here. Have a great day. We’ll see you back here tomorrow after the close. It.