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00:00 Speaker A
Bullish on all sizes. Let’s go through it because I haven’t seen this in a while and uh, interesting study. I’m sure somebody will tell us the exact date this has happened before. Here’s the S&P 500 today. Not a big gain, but that is a win.
00:15 Speaker A
So we got the large caps, S&P 500. S&P 600, that’s a small caps. Another small gain, so we’ll win there and that’s also a record high. S&P 400, uh, that is a mid caps and another record high. And I got one more for you. This is a bonus. The micro cap. So we don’t have the micro cap index for the S&P, but we got this one, CS RP uh CRSP US micro cap index.
00:38 Speaker A
So everything basically firing on all cylinders. And I’ll just show you a quick year to date. The micro, the smaller you get, the bigger the returns are this year. and this is something that kind of started last year. So this is something I’ve been tracking, um, and it just shows you how much bullishness there is across the spectrum. So there is a lot of breath right now. That doesn’t necessarily mean that there isn’t a concentration issue, but we have a lot of participation, Brook.
00:54 Speaker B
Yeah, and up near more than 5% year to date. Any standouts in today’s market based on what you’re seeing?
00:58 Speaker A
That. And so that leads me to the second point. C is for chips. Now, let’s go to the chip board first and then stick with me here because we’re going to talk about chips in a different dynamic in just a second. This is my leaderboard and these are a bunch of ETFs. I know this might be a lot of gobble gobbledy goo to some people.
01:13 Speaker B
Lots of green I’m seeing.
01:14 Speaker A
Lots of green. This is year to date. And you’re going to see in the upper left, EWY, that is the South Korea ETF and guess what they produce? Chips. So that is highly levered to the chip trade. That’s up 12% in number one position. Kweb is China. That’s kind of a surprise for me, but that’s in number two. Then we got home builders, then we got aerospace and defense. Then we got the socks. Those are US chip stocks right there. That’s up 10%.
01:34 Speaker A
We take a look at the semiconductor board here. Forget Nvidia for a second. That’s kind of big, but look at some of these out performers. SanDisk up 64%, applied materials up 55, lamb research up 30, Western Digital 23 and Micron up 21%. Now, you and I also spoke to Dan Newman, Daniel Newman of Futurum Group today. This is a stocks in translation episode that is dropping early Tuesday morning.
01:52 Speaker A
He talks a lot about technology and the C for C for chips, that actually came from him. So let’s listen to him break it down.
01:58 Speaker C
You know, the C in CES used to stand for consumer, but I think it’s the chip show now. You had the big announcements coming out from Nvidia and AMD, uh next generation rack scale, two-ton, uh systems that are going to be going in and building the future of this AI revolution. and you know, taking a step back, I mean, look, we’re getting these cycles and you know, nine months you said is a long time. Well, every six months now, we’re basically seeing the next wave of upgrades.
02:22 Speaker C
We’re seeing multiple cycles a year. We’re seeing this race. It’s an absolute arms race between the world’s largest uh hyper scalers to build out the future and they’re all competing. They’re competing on talent, they’re competing on technology, and they’re competing on of course building services that the market wants. But 2026 is really being set up as the year of monetization of AI.
02:46 Speaker A
Year of monetization. I don’t know, did you get anything out of that conversation? I mean, I got a lot. I don’t want to put you on the spot there, but Dan Newman has a lot of insight, so I was really happy to participate.
03:00 Speaker B
Also, he really was looking at the next few years of how this is all sort of going to play out and roll out and he has a lot of optimism about what could be the returns we see. Also, space. Don’t discount space.
03:07 Speaker A
Yes, and we’re going to be talking about that in with a future guest, but that’s not going to drop till next week.
03:11 Speaker A
All right. I think we got a next one here.
03:13 Speaker B
Yep.
03:14 Speaker A
Uh, all right, so let’s go to gold silver because those are once again hitting fresh record highs. And I’m going to go to our futures board here. We got another uh, nice collection of symbols here, but in the upper left, if you can hit that, that’s the silver um futures right there. Just let me show you what’s happened year to date. So
03:32 Speaker B
Up nearly 7% today alone.
03:34 Speaker A
Yeah, 20% year to date and we’re what, you know, 10 days in, 11 days in. And if we show the trailing year, you’re going to see All right. 182% right there. Gold also hit another record high. Let’s see. we got that right here. That’s up 2%. and uh it keeps going and going. We had a little consolidation here, fresh breakout. We’ll see how far this leg can travel.
03:40 Speaker B
A tremendous run.
03:53 Speaker B
Right. Lots to keep up on, definitely precious metals one to watch. Jared, thank you so much for your time. you.
03:59 Speaker A
Thank you.