In today’s episode, Kip breaks down the latest market activity, exploring how recent political announcements, particularly from Trump, are impacting key sectors like housing, defense, energy, and banking. He also shares his perspective on why the current bull market remains strong and explains the VRA strategy for navigating short-term dips, specifically in semiconductors and small caps. Tune into today's podcast to learn more.

Don’t look back to the market is closed. Good Wednesday after everyone. Kip Herriage here with the daily VRA Investing podcast. Hope you had a good day today. Not as great a day today as we’ve had the last couple of days. Again, this is a structural bull market that will continue higher. I think these dips can be short lived and there were some other reasons by the way that the market Dow Jones really everything else was, was either flat or slightly lower or slightly higher meaning NASDAQ the Dow Jones led the way lower down 9/10 of percent. It’s very specific to Dow Jones and it gives 30 stocks in that index in that Trump came out without.

We’ll talk about more in a moment. Trump came out with the announcement about housing stocks. Institutional homeowners, institutional buyers in his words, will no longer be able to purchase single family homes. Corporations don’t live in homes. People live in homes. He’s not wrong. Frankly. I don’t think it’s as big an issue as a lot of people like to make it about the black rocks of the world.

[00:00:59]:
But it is a, I think it probably is a midterm issue. I think it’ll score some brownie points. I am seeing some positive thoughts about it from that. And again we, we need change in the housing market and it needs to come so, so younger people can buy homes. Maybe this will help bring housing prices down. Other again, getting rid of illegal aliens is certainly already making that happen as well. But that hit the financials today that news and we also got news today to the defense industry and I just got to give Trump a huge round of applause on this one because these defense company executives, to say they live high on the hog is a massive understatement. They are enriching themselves of government contracts and they’ve been doing it for decades.

It’s outrageous what happens. You know, these people leave the military, high ranking officers leave the military slide right into defense companies. Next thing you know they are just booking millions and millions of dollars and these, these, these other benefits that they’re given via, via the company Lockheed Martin, okay, Martin married the companies they work for, Rockwell just giving them massive payouts, long term retirement plans. And today Trump said we’re gonna, we’re gonna, we’re gonna try to put an end to some of that, at least from this point of view. The dividends that, that they issue to shareholders, defense companies and the dividends and the share buybacks that take place again to enrich their institutional shareholders and to their key employees, that’s those days are over. And so again I don’t know how much of this between housing and in the defense statements from Trump today, I don’t know how much of this he can do by executive order. Some of this might have to happen via Congress. But anyway there you go.

There’s a reason bank stocks were down today, defense stocks were down today and energy stocks by the way lower today as well. Of course they’ve had a pretty good run after the operation of Venezuela. What do we call it? This is a, certainly not a war. I think operation is the best word because it took place in just a few hours and again thank God nobody on our side was as I understand it, not only not killed but not even injured. I think we had one helicopter that took some fire but even that was able to, to carry on. So the energy stocks rallied even as oil kind of is, is, is teetered back and forth. Energy stocks were strong, they gave back ground to there. There’s a reason the Dow was down today.

[00:03:32]:
And again I got to repeat this, this move we’ve had to begin the year and again when bullets fly, stocks are a buy. That’s, that’s just an old adage. It just, oh it always holds up. It just always does. That, that, that, that really produced a lot of the big gains we saw the last two days. We are reaching slightly overbought levels. The semis. By the way, as we wrote to you this morning, the semis have had a massive run higher to all time highs.

They gave back some grounds today. They’ve hit by some metrics extreme overbought levels. Only on our short to make this point clear, only on our short term momentum oscillators. This is by no means a sell signal folks. These semis have broken out to such a degree. This is such a strong breakout again compared to the broad market. This is that relative strength chart that we talk about so much with you. This breakout is so powerful that these semis I think you’re going to have an extraordinarily good year.

You know last year was a little mix in the second half. I think that’s that consolidation period is over now. The breakout the last couple days we’ve seen the all time highs is on and again I think the dips will be very short lived in these semis. I think they’re buying opportunity. That’s how we’re going to treat it here. As I, as I noted this morning in our letter, we, we have stopped buying our leveraged ETF in the semis. We got you Know, very good game. We, we’ve done well in, in this, uh, in this large ETF over the years.

[00:04:52]:
Pretty well, matter of fact, very well. But there’s a time just to, to, to pause your buying. A time to use some discipline, and that’s what we said we’re going to do today. The group did close down today, 1%. So again, a little bit of normality here after the big run up we’ve had here. And I also want to say, because this happened today, I’m sure you’ll obviously see this in the news. Again, it’s a midterm election year, so unfortunately, we’re going to be talking more and more about the midterms, but from a, a market point of view, as much as possible. But I have to say, you know, I don’t know about you, but I was raised that if someone in law enforcement tells you to stop your car and get out of your vehicle, I was taught to stop the car and get out of the vehicle.

What do these crazy people think is going to happen if you try to charge at an officer in a vehicle? They’re just going to let you go? You actually think you can get away? You know, the leadership in Minnesota, look, we already, we already know about the Somalian daycare centers. We know about the massive tens of billions. Who knows how much fraud is taking place. And of course, it’s not just Minnesota, right? This is happening in blue cities, blue states all over the country. And thank God, you know, this is, we’re starting to find out about this stuff, right? Even if it had to come from young independent journalists here. But at least we’re finding out. And, you know, the leaders of these states waltz and then the fry. The mayor of Minnesota, of Minneapolis, you know, they’re, they’re, they’re just egging it on.

If you saw their press conference today, they’re hoping for another George, George Floyd situation. They mentioned him, his name today. I saw, I saw George Floyd’s name mentioned four times between the two of them today in the press conferences over the last hour. They want, they want the cities to burn, right? They. This takes, this takes these Somalian daycare centers and the other fraud, Tim Wat’s legal issues, takes it off the front page. So they, they, they’re just, they’re happy as a pig, and that’s what they are. And they just love the fact that this poor woman has been shot and killed. But again, when you call law enforcement Nazis at every name in the book and you demonize them, this is what they want to see happen.

[00:07:07]:
I think that most people realize this, but I also have to say as it, as it applies directly to the midterms, if it’s pro law enforcement and ice, if this is the battlegrounds, right, Pro law enforcement and ICE versus anti America, far left, crazy liberals. I like the Republicans chances this year, come November. I, I like them a lot. Of course. Look, we know what the big issue is. It’s illegal, it’s vote rigging. We all know this. Everyone I talk to is like, yeah, it sounds great.

We’re tackling this, we’re tackling that, tackling this. But when are we going to get change at the voting booth? When are we going to go back to paper ballots? Right. And of course, to do that immediately, we need the filibuster act to be removed. We need to build to Pass votes with 51 votes in the Senate. And of course the uniparty again, so many Republicans in that they don’t want to see that happen. This is their bread and butter. This is their, they’re becoming enormously wealthy off of all the fraud taking place. They don’t want it to stop.

So that’s the battle. That’s why we’re probably not going to see massive change headed into November. And it’s really unfortunate. But I do hope, but again, I hope that we can come together as, not, not as Republic. I’m a lifelong independent. Okay. I hope we can come together as common sense Americans and support the Republican Party because we know what’s going to happen if Democrats win the House. We, we know what’s going to happen.

[00:08:37]:
Trump’s got the presidency for three more years. But if, if Democrats take the House and possibly even the Senate, we know what’s going to happen. It’s going to be crazy all over again. Trump said today he’ll be impeached. It’ll be the first thing they do. And, but I also have to say this right, always come back to the markets and the reality of the markets. I have to, to everyone worried as an investor, oh my God, what does it mean? For my money, it doesn’t mean much of anything. I believe that what Trump’s done in his first year, as far as setting, you know, the economy up again as a structural bull market, one big beautiful bill the of course is tax cuts, deregulation and tariffs, which again we’ll learn on Friday probably from the Supreme Court, whether or not that’s going to stand up again.

We also don’t think that’s a big deal. Talked about it yesterday because they’re backup plans. And in worst case scenario that money’s going back to the importers that pay us to begin with. It would act like a fiscal stimulus program for corporate America to some degree. So again I think the markets are basically going to look past Friday and the Supreme Court. We’ll see some volatility, but I think weakness would be a buying opportunity. Again, this is just how strong this market is. The structural nature, the strength of this market with the ocean of liquidity, the internal strength of the house.

Again, housings are most important leading economic indicator. Look, housing stocks may not be doing well, but the housing market, as far as homeowners, we’re doing just fine. Fortune Americans have no mortgage, average home equity 70%, $35 trillion in home and equity. We just want to get that freed up. Right. We need race to fall. That’s beginning to happen again. Mortgage rates of course, 30 year mortgage down to about six and a quarter again it was over 7% when Trump took office.

[00:10:16]:
So we are seeing progress there. But it’s the, it’s the remaining parts of this strong economy. Corporate America, corporate debt to, to a market cap, it’s a 50 year lows. We’ve been saying that by the way, for now, for three years. So it’s 53 year lows. American companies don’t have debt. The first America does not have debt. And unfortunately, and I always hate saying this because it sounds so cold, but I’ll say it because I come from the second America.

The markets do not care about second America. That’s just, that’s the heart cold hard truth that it just is. Markets don’t care. So to everyone concerned about that, everyone concerned about our national debt, when you have the world’s reserve currency, your national debt simply doesn’t matter. It just doesn’t matter. Not certainly not at this level, we start getting to 67 tree, we get our debt to GDP up over 200% then you’re going to hear a change in tone of voice from me. But right now the we’re growing our GDP, right? $38 trillion in debt is just not as big as it sounds. As hard, it’s hard to hear as that made the sound to say again, the markets are looking past it because it just doesn’t matter.

We’re able to make our interest payments. It’s not a problem. The economy’s growing. Do we have too much debt? Absolutely. Do I think Trump’s going to tackle that investment? Absolutely. We’ve talked about this a lot. I think we’re going to have a long term treasury bond issuance that can be backed at least in some part by gold, silver, bitcoin, maybe other assets as well. And I think our, I think we’re gonna, I think we’re gonna replace, by the way, our average debt.

[00:11:52]:
In case you didn’t know this. I just had to double check this this morning. The average yield on our national $38 trillion in debt, the average yield on that debt is 3.3%. All right, so you know, the 10 years over 4%. So it’s lower than that. But if Trump could do a long. And again, we keep talking about this because I, I have a high degree of confidence this is going to happen, maybe not for the midterms, but certainly in Trump’s second term here that we have a, again a long term treasury issuance at like 2% rates because it’s going to be backed. So now you’re talking about having the world’s most powerful, strongest economy also with debt backed by things that matter.

Right? And of course we know it’s going to happen. The rest of the world’s going to do the same thing, you know, with, with, with their, with their, their national debt. And so again, this is a monetary reset of sorts that not enough people, not enough smart people are talking about this. Because I do believe this is coming. I think the markets know it’s coming. So it’s all those things we just talked about, the things we’ve been focused on here for three years and what I mentioned yesterday, I wrote this up this morning too. There is a global reflation trade taking place here. You’re going to hear a lot more about this in the days and weeks and months to come.

Right. This is the result of a U S Economy that is really beginning to percolate. Again, we, we on record saying we, we believe we’ll hit 5% GDP growth this quarter, 8% GDP growth sometime in 2028, likely before Trump leaves office with this kind of growth. And it’s not isolated to the U.S. look at, look at, look at the global stock markets. I mean, all time high, after all time high. China rallying big time. Even China is heavily in debt as they are.

[00:13:43]:
But with the, the markets as a discounting mechanism, they’re telling you that good things are coming, right? That’s what the markets are telling us. Right? The markets discount anywhere from three to six months out. I think I’ve seen cases where the market’s discounting nine to 12 months out again because the markets are smaller than all of us combined. That’s, that’s why it makes so much sense and that’s why we are trend followers here. Because if you try to fight the markets, you’re going to lose. You are going to lose, and it’s going to be painful. I know I tried it too many times. I tried it after the, the long.

My, my most painful period of fighting the markets was after quantitative easing started. I was short the markets for four months and the market continues to steamroll me. And it was painful. I know a lot of you were here with us then. And after that period, like 2010, 2011, I said, you know, what can I. It’s one of the years we lost to the market to beat the market. 1922 years. That’s one of the years we did not.

It was a horrible four months. And I made the decision then. You know what I was taught to be a trend follower. What happened, Kip? Where’d you go wrong? Right? So we’re trend followers. There’s just no reason to fight the markets. Right. Mr. Smarket is smarter than all of us and he wants to crush us when we are in the majority.

[00:14:56]:
That’s a very simple rule we live by here. But this global reflation trade is just now beginning to really catch hold. This is why you see so many asset classes that are all soaring higher. Because the. The global economy is really picking up steam. Corporate earnings will continue to grow. We think this year we can see corporate earnings growth of 20%. Wall street is finally starting to get a little more optimistic.

They’re looking for growth of 15%. We’re talking about the SB 500. We think we’ll see 20 to 20 to 22% corporate earnings growth this year. Of the S P 500, again, no one is as high as that. We’re the most bullish people out there. We have been for three years. As you know, we’re looking for big gains this year, 30 to 50% for 2026. And this global reflation trade, Dow is really.

This is synchronized global economic growth taking place. It features moderating inflation. We actually think we’re going to have disinflation that begins this year. Disinflation, right. Where inflation’s going lower and doing it significantly compared to where it was last year. So we’ll see lower inflation to disinflation, monetary easing. That’s rate cuts again, new Fed chairs coming, massive fiscal stimulus. I’m not talking about government stimulus programs.

[00:16:12]:
I’m talking about stimulus programs coming from the people, from us, Right from the Trump economic miracle. Lower Taxes. Right. Look at the money being brought in by his tariff program. Again, if that doesn’t work, they’ve got a plan B on that. Again, I don’t think we have to worry about the Supreme Court ruling on Friday. It looks like it may well come on Friday. And again, the bottom line is again, soaring economic demand.

So this environment is going to continue to, to push everything that we own higher. You know, the only thing again that I’m surprised by, honestly surprised by right now, is the home builders. Again we got Trump today speaking about this and home builders, they went down. You know, we need more homes built, not less. And the home builders are not acting well. But again, look at the chart. It’s also not the kiss of death. I actually like the chart.

You know, we’ve got a well established, established load that we’re off of. We’re traded back to the 200 day moving average. We bounced off that. The home builders are now hitting extreme oversold levels and some of our momentum oscillators. I think this is setting up for a fantastic trade for 2026. It just needs some impetus. And we all know what that’s got to be. It’s got to be lower rates.

[00:17:24]:
You know, it’s going to have to take a new Fed chair that forces his Fed governors and voting members to, to, to cut rates. Because with disinflation, again, why would you need higher rates? You won’t. And so that’s the distinction about this era we’re hitting now. We’re not going to have a Federal Reserve that will snuff out economic growth. I think, as I said yesterday, I think Trump and Bessant have effectively neutered the Federal Reserve, at least on this issue. And it’s about time the Fed gets out of the way and allows the US Economy to grow, especially the Trump economy. You remember again, Powell’s been here since 2018 that every time during a Trump administration, not during Biden, no rate cuts, no rate hikes then. Right.

But only under Trump administration. We start getting a strong economy. What does Powell want to do? Hike rates every single time? Well, that’s not happening this time. We don’t expect it will happen. So it’s a global reflation trade driven by our big three, the innovation revolution, the Trump economic miracle, and an absolute ocean liquidity that will continue to force stocks higher, all on the backs of rising corporate earnings and a very, very healthy financial America all around. Again, second America, not so much as we covered earlier. Unfortunately, that doesn’t matter to the markets. All right.

What else today? Let’s see here. You know, I haven’t talked about Tesla here in a few days and I’ve gotten a number of emails. I wrote it up this morning. But look, you, you all know this, right? Tesla is our, is our number one stock to own the innovation revolution. It’s down 12. We told you, we told you. At the beginning of 2025, our target for Tesla was 500 a share by year end. Right? Well, we missed it by a buck fifty.

[00:19:09]:
Okay, we got to 49850 and then here came the shorts. It was a wall of short selling at 500 because the short snoop the markets know that If Tesla breaks 500 off to the races that, that is an important point because then we get very close to talking about the next stock split, which I think will be a 3 to 1. I think it’ll be announced when the Stock is about 600. And again, Trump’s competitor to me, Musk. Competitors don’t want that, especially now that Musk is back on the Trump train, right? He’s now Persona non grata again. So there are a lot of enemies and short sellers that don’t want this stock to break 500. But it’s now pulled back 12%. It looks sensational in the charts.

Pull back to not just a, a fantastic rising trend line, it’s been in place since April last year, but also the horizontal trend line pulled back to an area of very strong support, the pullback. This 12 pullback is taking place on light volume. And now our momentum oscillators are hitting heavily to extreme oversold. Stochastics is at extreme oversold levels on Tesla, it’s the third lowest, third most oversold Tesla has been in the last 12 months. So I think we’re setting up for. All we need is one piece of big news. I think, I think. And you know what, you know what I want to see happen, right? I want to see Musk announce that Tesla shareholders are going to be rewarded.

He said this in the past, he said it many Times, that when SpaceX goes public, he believes Tesla’s shareholders should benefit. Where’s that news? Elon, bring us that news, right? Is there some kind of a warrant program or some kind of ability for Tesla shareholders to buy SpaceX shares before it goes public? But you got to own the stock. Imagine what the stock’s going to do. So all it takes is something like that. I would not, and we’ve said this a lot over the years, we, we’re big believers in Elon Musk. We would not want to ever bet against him. If you remember, you know, what was this seven, eight years ago? There were these Tesla short sellers that put a Q on the end of Tesla tslaq. And that Q represents a company that’s in bankruptcy.

[00:21:19]:
Well, it wasn’t of course, but they just said it, you know, it was just a, it was a, just a chance to troll. And at the time Tesla was struggling, you know, Musk was struggling. SpaceX couldn’t get a rocket off the ground. Things look pretty bleak. And so the shorts really tried to bury him. Well, we saw it happen here. We saw what the big winner is. The winner was Tesla and the winner was Musk.

So I think betting against this man is a very dangerous proposition. And I’ll just close with this. I think the stock will be a thousand dollars a year by mid year and I think we’re looking at $2,000 a share by 2028. Probably before then. This stock is going to get on a roll. We’ve got six major, major product launches this year, excuse me, in the first six to nine months of this year. And again this, look, it’s our second largest position. Our largest position is gold, has been for a long time.

And our second largest position here at the VRA is, is Tesla. So again we are. We are, yes. Monthly dollar cost averaging. That is the correct approach, which I can tell you it’s rewarded us extremely well over the years. All right, let’s move into the eternals now. Again, not a great day today, but also not horrible. Again, Nasdaq finished higher today.

[00:22:28]:
The Dow was the leader to the downside, small caps. You know, we’re up 1.8% yesterday. Again, we think this is going to be a phenomenal year for small caps. The market continues to broaden. Rates are going to come down. Small caps will be a major benefactor of this as the dollar continues to stay weak. Ish. I don’t think we’re going to have a year like we had last year with the dollar.

But again, all of this is bullish for small caps. Then we’re down today 3, 10 of a percent. So again over the last two days, small caps up 1.5%. I think that again, I love the chart title night apps. This is our favorite chart setup where everything is starting to get a little overbought. The other broad market indexes are starting to get a little overbought. But we have one sector, one, one index that’s oversold on heavily oversold stochastics. That’s small caps.

This is our favorite setup. And it’s time again, when the small caps run, they tend to run hard and they do it over like a three, four, five month period. And again, I think that’s. I think we’ve entered that time frame now. I would just encourage you to, to buy these small caps on dips again with your, with us. You know that we have a leverage ETF we like for the small caps. Tna. I’ll put that out there.

[00:23:40]:
And I think that’s going to be a great play for 2026 as well. There could be a lot of Great plays in 2026. Our job is to find the best ones without taking undue risk. You know, that’s the balancing act. I see a lot of people and again, we get these emails all day. By the way, thank you again for that. And I’m not, I’m not poo pooing any of your ideas and questions you send. Please understand that every question you send we take seriously and give it serious thought.

But one thing we don’t do here is we don’t jump from one to another. It’s tempting. Okay. During the dot com melt up, it was the hardest thing not to do, is to buy the next hot stock. Oh my God, look. This Stock just jumped 100%. We gotta own it, right? And I saw so many people get hurt that way. The money is made in the waiting.

Okay, Find your stocks, find the companies. You want to build a position over time. This is the Peter lynch method. It’s the Warren Buffett method. Buy those companies, continue to add your positions, hold your winners, and if you’ve got a loser, it’s okay. Stocks don’t always go up. But if you’ve got a loser, that just isn’t. They’re not executing.

[00:24:47]:
The management team’s not doing what they told you they would do. Sometimes it’s just time to fish and cut bait. But again, hold your winners. That’s really what our focus is here today. Right? Find your. Find your favorite companies, buy them, keep buying them, and over a period of five to 10 years, you’ll be very well rewarded, especially in this bull market that we’re in right now. All right, let’s take a look under the hood today again. I’ll cover quickly.

Internals were one and a half to one negative. Between the two, NYC and NASDAQ on advanced decline. NASDAQ up volume was 55.7%. NYSE down volume 68.3%. Again, no damage done here. Sector watch, not pretty. Today we had. What is this 8 sectors finished lower, 3 finish higher.

Led the downside by utilities down 2.4. Who knows why? I have no idea. Utilities trade with a life of their own. Industrials again because the other news we talked about by the way, we got a down three bicycle yesterday. So we will allow the industrials and trainees to be weak for a day or two. But to the upside, healthcare up 1%. Communication services essentially tech also up 910 of 1% today. And a commodity watch again.

[00:25:57]:
You know they tried to, they really tried to hit gold overnight. The low is 44.33 and it’s backed up 35 bucks. Announced already at 44.65. Did finish down 7/10 of a percent again been red hot. What’s interesting though is this group is as hot as this group has been. Even silver they’re not back to extreme robot levels. This group looks ready to run to me. Continue.

I should say continue to run. Love this group in 2026 again when this group runs like small caps run for months commodities and, and, and the miners run for years. Two to three years. Hot streaks, right? And again last year was the beginning of the hot streak. We’re going to make fortunes in this group, especially in the miners that we own. Silver today down 3.8%. 70, only 7. Silver is only $77.92.

Can you believe this? I mean I remember backing up the truck to buy it 5, 6, $7 an ounce and watch it do nothing for years. Like why am I buying this? You have to buy so much, it’s so heavy, right? You got to buy these big bars and when they, where do you put them, right? You got to find storage for it. It’s not easy but man has it been well rewarded. Now you’ve probably all seen this I got to say since, since the, the, the the turn of the century 2000 on if you only own gold, you whipped Warren Buffett. So over the last 25 years you smoked Warren Buffett, one of the of course biggest names in the business. And again we might have our own issues with Warren Buffett but it’s hard to argue that he was a historically important person. Loved. He was very good insider trader.

[00:27:37]:
That got me in trouble in the past. Got some accounts of mine closed. But uh, he’s gone now. Maybe it’s okay to say it again, uh, but uh, again uh, gold has outperformed everything. Now will silver do it? Silver’s playing a big catch up trade. It’s got a long way to go. I think this is going to be A massive move higher in silver. I think there’s a big short squeeze taking place here and I think we’re seeing a true price discovery.

So we’re going to continue very long and strong with both gold and silver. Copper today down 3.4 to get, also coming off all time highs 5.85 cents a pound. Also going much higher. Again, global reflation trade. We’re seeing it an asset after asset. Crude oil today back down 1.3%. 5636. This is what Trump wants.

Trump knows that these majors can make money at $35 a barrel. Trump would probably like to see oil at about 45. He doesn’t want to put the independents out of business, so maybe he’d be happy with 50. But he knows this is how you crush the inflation fear mongers. This is how you shut up the likes of Jay Powell and all his cronies at the Federal Reserve keep oil prices going lower. And you cannot have inflation because oil goes in everything. That’s just the way it works. Finally the day.

[00:28:46]:
Bitcoin again got a bit of a boost yesterday on the news that MSTR strategy, Michael Sailor’s company is not going to be delisted from msci. It’s a big deal. But at the same time, again, we’ve talked about this with you a lot over the years. MSTR, by the way, is up 2.3%. Still down like 65% from its highs of last January. We just, we prefer bitcoin, you know, But I think that’s very good news for mstr. We’re rooting for Michael Saylor. We just don’t understand his investment.

And that’s why we, we don’t like the leverage inside of mstr. And we’re going to continue to, to, to purchase bitcoin. Last trade now 91 100. And you know, as I wrote this morning, we have a new favorite cryptocurrency. I mean, it’s going to say this. I’ve mentioned it once on a podcast. I’ll say it one more time. I’m not going to say it today.

Just come and join us. You get two free weeks@vrainsider.com. check it out. Find out about our new favorite cryptocurrency. I’m in love with it. I got to tell you the truth. I buy it about every week. Okay.

[00:29:50]:
A lot. Again, a lot of you listening know what I’m talking about here. I get accused of giving away all of our holdings for free on this podcast. So I’m gonna try to be a little more care. It’s fair. I understand that. I understand that complaint. I totally get it.

Right. Totally get it. So I’m going to be more aware of talking about all our investments on these, on these podcasts. But, you know, this, this, this new cryptocurrency is the. I’ll just say it’s the bitcoin of AI it’s the bitcoin of AI And I think it’s an extraordinarily exciting play that’s going to do something really special over the next several years to decade. I, I’ll tell you the truth, I think it’s going to put better numbers in bitcoin. I think, I think people in, I think in 10 years, people will look at this crypto and say, how did that just beat bitcoin over a decade? How did that just happen? And I think that’s what’s going to happen with this one. All right, folks, that’s it for today.

Hey, hope you had a great day and even better night. We’ll see you back here again tomorrow after the close.