Thanksgiving is my favorite holiday of the year. It's not even close.

So from the bottom of my heart, THANK YOU for all of your support over the years. You have no idea how much you mean to me and how appreciative we are for all the emails, comments, feedback and love that you gave us throughout 2024 and all of the years before that.

Seriously. Thank you. 

Thanksgiving to me means Family, Friends, Football, Red Burgundy and Good Eats.

I know there are a few unfortunate souls out there who don't like Turkey. So if you're one of those, I can tell you for a fact, that it's only because you haven't had my Turkey yet!

You're invited next year.

I love Thanksgiving so much that we celebrate it at least one or two more times throughout the year, once in the Spring and probably one more time in early September.

Don't come at me with "Turkey isn't good". Maybe your turkey might not be great, but for the rest of us who know how to prepare it properly, there are few meals throughout the year that are as good as this one! 

Facts only.

Did it feel as good for you as it did for me?

The stock market is on fire and everyone is making money.

But are we making enough money, considering just how good things have been?

Let me rewind for a second. Do you remember all the promises about a recession that was definitely coming? The yield curve. The money printing. Trump is literally Hitler???

We were even told that we would get a credit crisis of some kind. Maybe even another black Monday...

But all we got instead was one of the greatest years for the stock market in American history.

Here's a chart from our pals over at Goldman Sachs showing this year's performance compared to all the other years over the past century.

It's hard to find a better year for investors:

When it comes to how we approach markets, the first thing we want to do is identify which type of market environment we're in.

Then, and only then, can we decide which tools and strategies are best for that type of environment.

We did that today during our LIVE Breakout Multiplier Event. Watch the Replay here.

A funny thing happened after Donald Trump won the U.S. Election by a landslide....

Everyone just assumed it would be bad for Solar stocks.

And it was, for a moment anyway...

But when everyone just assumes a specific outcome, and everyone is already positioned for that, we love to take the other side as that positioning unwinds.

Remember, it's not the fundamentals that drive asset prices. It's positioning, and the unwinds in extreme positioning that moves asset prices the most violently.

The latest example of this market anomaly is in Solar. Notice how during this sell-off, Momentum never reached oversold conditions. 

If you're not making a lot of money in this Bull Market then you're doing it wrong.

When it's money making time, the idea is to make as much money as possible to be able to withstand those periods where it's "money keeping" time. 

Tuesday @ 4PM ET I will be hosting a LIVE event with Steve Strazza to walk through the Breakout Multiplier Strategy that everyone is talking about. I've never seen something work this well, this consistently in my entire career. 

Editor’s Note: Click here to download the Hot Corner Insider Baker Bros FREE Special Report.

Small-caps are hitting new all-time highs, joining all those Large-cap and Mid-cap Indexes that have already being doing that for most of the year.

Here is the S&P600 Small-cap Index, officially completing this multi-year base and now beginning its new leg higher:

A new secular uptrend is beginning for Oil & Gas stocks.

It was a stand out last night during our LIVE Conference Call for Premium Members of ASC Research.

The underperformance from Technology stocks continues.

And keep in mind that you've been seeing it in Large-caps for most of this year, but you've been seeing the underperformance from Small-cap Technology for over 18 months.

Small-cap Tech peaked in the summer of 2023 relative to the rest of the small-caps:

It's really been a disappointment for Technology investors.

Granted, there are Tech stocks working, but they are few and far between, compared to what we have seen in the past.

Look at the returns of these Technology ETFs relative to the performance in Bitcoin over the past month:

We're now well into Year 3 of this bull market. 

So the question becomes: Is this fresh breakout the beginning of the next leg higher for equities?

Or is this market behavior evidence of exhaustion and it's time to get out?

Let me remind you of the "Fab 5" charts from the beginning of 2024 that helped determine whether we were starting a new leg higher this year or if it was time to bail.

With the Stock Market making new all-time highs every month, you would think that American consumers would be a little more optimistic.

You would think...

The S&P500 keeps hitting new all-time highs. Same for the Dow Jones Industrial Average and the Nasdaq100.

More recently the S&P600 Small-caps, Dow Jones Transportation Average and Bitcoin all joined the New All-time highs list.

And yet...

Sentiment is still way down in the dumps.

The University of Michigan Consumer Sentiment data goes all the way back to the 1950s. So this isn't some kind of random johnny-come-lately poll.

There's real data here that reiterates how bull markets end with too much optimism, but thrive throughout periods with too much pessimism.

Bitcoin just broke out to new all-time highs. The new bull market in Crypto is alive and well.

BTC actually closed yesterday at the highest level in history, and now has a market cap of over $1.5 Trillion.

For perspective, there are only 5 companies in the S&P500 that are worth more that Bitcoin: Nvidia, Microsoft, Apple, Alphabet and Amazon.

Every other stock is worth less than Bitcoin. As we say around here, Bitcoin is the 8th component of the "Magnificent 8".

But as we know from prior cycles, as well as Bitcoin performs, it doesn't even come close to the real winners.

Remember the last Crypto Bull Market? DogeCoin rallied 37,000% in a little over a year to reach an $85 Billion market-cap:

The goal this cycle is to catch moves like this.

And we're already seeing it.

Dog Wif Hat recently rallied 7000% in just 3 months to reach a market-cap of $4.5 Billion:

The market has spoken.

It's only a bubble if it's going up and they don't own enough of it, or any at all.

They only call things bubbles when they have a hard time understanding why prices are doing what they're doing.

As someone who studies human behavior every single day, I can tell you with a high degree of confidence that 99.9% of people who call things bubbles haven't actually done any of the work required to determine whether something is in a bubble or not.

And that's the key thing here.

There is a huge arbitrage between the people who put in the work, and actually take the time to analyze markets using real data, and those who are too busy doing other things to truly have an honest opinion about whether a particular period of time is, in fact, a bubble.

Bubbles, as those of us with common sense know, are incredibly rare, by definition.

So when someone calls something a bubble, they are almost certainly wrong about that, or in most cases, just making it up because they don't know how else to describe certain market behaviors that they can't wrap their heads around.