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Classified Today, Commercial Tomorrow: Investing in the Next Advanced Tech Revolution
Recorded: March 5, 2026 Duration: 0:32:02Space Recording
Full Transcription
Good morning. Happy Thursday. Welcome into Wolf Financial Live. Super excited to have
Matthew Tuttle from Tuttle Cap joining us as well as StocksNight. But from the timeline
for discussion here around investing in classified or no longer classified technology, really
a play here on government defense, warfare, space, and so many other areas kind of coming
together into one. We were having a space about this yesterday. The government heard
about it. They shut us down in real time. They didn't want the people to know about it, but we're
back up live here on the live stream today. We cannot be silenced. We're going to tell you all
about it. Matt, how's it going? It's going good. And hopefully the men in black won't be knocking
on my door at some point here. Yes, that is a plan. God willing, hopefully things continue to
go smoothly. Kevin, thanks for joining this conversation. To, that is a plan. God willing, hopefully things continue to go smoothly. Kevin,
thanks for joining this conversation. To those that are listening, follow up from discussion
yesterday, just a reminder, we're going to be talking about specific tickers here. Specifically,
the ticker is UFOD. That is a ETF from TuttleCap. Reminder as well, investors should carefully
consider a fund's investment objectives, risks, and charges and expenses prior to investing. The fund's prospectus and summary
prospectus contain this and other information about the Tuttle Capital ETFs on TuttleCap.com.
That's where you can obtain the fund's prospectus and summary prospectus. Or I'm sure you can always
directly message Matthew as well, right on social media at Matthew Tuttle. Pretty easy to find
there as well. Excited to be working together with you. And thank you to SIBO for setting up this live stream.
With that being said, let's get right back into the topic.
There's so much happening right now.
Obviously, in the Middle East, people are seeing a wave of new technology and weapons.
There's discussions around aliens.
You know, Obama saying, yes, they do exist.
Not at Area 51.
Who really knows?
Technology.
But the idea of concept here is that there is just technology that we don't fully comprehend yet or is not out to the public yet that is going to be revealed.
And having the ability to invest in this, I think, at a high level. So Matt, I'll turn it back over
to you if you kind of want to bring the audience back into that conversation we were having
yesterday. And what excites you so much about this? Yeah. So what excites me about this is
all of the things we're seeing, Obama know, Obama coming out saying aliens are real,
Trump coming out, I'm going to release the file, you know, the New York Times article a few years
back, people testifying in front of Congress. It's setting us up for something. And forgetting
about the whole alien thing, which is really interesting, but not really
investable, unless you're on Polymarket, what really interests me is something we call the
secret gap. And it's the idea that a lot of technology starts off in the government, and then
eventually makes its way into the public.
Internet, GPS, self-driving, on and on and on and on. And, you know, our sense is that the next
kind of level of technology to be released is around kind of free energy, even though they'll figure out a way to charge us for it, and, you know,
advanced propulsion. And that's the stuff that excites me. I mean, the alien stuff, it's all fun,
but the idea that at some point, either by force of Congress or other people making developments
in some of these non-public companies, I think
some of this technology is going to surface and, you know, we've got a way to profit from it.
Yeah, I think the point that you made there is twofold. One, you know, what's inside of this is
a lot of potential, regardless of whether or not aliens get revealed, other pieces,
right? But at the core, what you were saying is like, we know that there is this technology that is out there that exists, that is beyond what we've been seeing. I thought you made a
great point on the space yesterday when you said, you know, hey, the Model T and the current car,
right? They just use the same fuel source. Everything else has changed. How is that
happening, right? Yeah. I mean, you've always got to, or you should always look at just what makes sense
and what doesn't.
So we've had massive technological advancement over the past 120 years, let's say, but we're
still using fossil fuels.
Does that make sense?
I mean, it doesn't to me. Nikola Tesla was working on, and those breakthroughs disappear, get classified.
You know, all sorts of things happen, and we're still using fossil fuels. It just doesn't make
a whole heck of a lot of sense to me that somewhere in some secret government program,
we have not made advances in that area. Yeah, I think those are great points.
Kevin, Sniper, I want to pull you into the mix here, have a conversation.
This is an area where you've heavily focused, and I really enjoyed some of the back and forth that you were having yesterday.
What stands out to you about this when you look at it as a concept in an ETF?
You know, I have to say it has multiple exposures.
It is obviously positioned for classified technology being released.
And, you know, Matthew is pretty much explaining it very thoroughly and very well.
This isn't a poly market bet.
There's multiple exposures in multiple ways where this concept or this ETF thrives.
And a great example is the Iranian tensions.
You're seeing Lockheed Martin at all time highs.
You're seeing Northrop catch bids.
You're seeing all the legacy defenders, you know, and again, a lot of their technology
is now combat proven and it actually has legit testimonials behind it.
This is something where UFOD also does get a benefit from.
It's not only exclusively towards this, but again, there's multiple ways where, you know,
or multiple paths to where this ETF could ultimately thrive, which is pretty cool.
And I like the idea of multiple exposures.
Could I go ahead and ask a couple of questions?
Yeah, let me just hammer on that point before you do so I don't forget.
Absolutely.
Because that's a great point.
So, for example, we are launching a space ETF next week.
11 space stocks, you know the names. That is a one-sided bet on space. If space does
well, those stocks do well. If space doesn't do well, those stocks are going to suffer.
The cool thing about UFOD is Trump could come out and say, we looked at the files, aliens don't exist. Everything you're
seeing is, you know, swamp gas. And the government can come out and say, hey, look, Congress came in,
we have no technology. This is still a basket of stocks you'd want to own. It's not going to go
down on that news. You know, so to me, you know, it's it's kind of like our SPAC ETF.
So we have a SPAC ETF, pre-merger SPACs.
SPACs are investing in T-bills.
Worst case scenario, I get T-bill returns.
Best case scenario, a SPAC announces a deal, the market loves it, and it pops.
So to me, you know, worst case, I'm in a basket of stocks that I like anyway.
And I've got a call of stocks that I like anyway.
And I've got a call option.
If this technology exists, it comes out, you know, it could pop massively.
So I'm sorry.
I just wanted to make that point.
So, yeah, go ahead.
Ask away.
Yeah, no, I think that that's a great point to emphasize also just the legacy aerospace exposure that you have here.
And obviously, you know, you're positioned for a disruption of conventional flight flight it could be like some kind of anti-gravity technology it could be
hypersonic it could even be commercial supersonic uh speeds and uh other things that would be
obviously a massive disruptor of the current uh aerospace uh technologies that are out there
you know but if i'm going to uh kind of you know, you made a couple of interesting points and you were kind of talking about Trump.
And one thing I want to say, you know, with Trump's recent directive to release classified UFO and UAP files, which we heard about him talk about this last February, if I'm not mistaken.
What specific portfolio changes or re-weightings did you make off of that news when you heard him say that he's interested in declassifying things? None. From the standpoint of what stocks I want to own, that's a non-event.
But from the standpoint of when may this come out, that's massively important. And again, we talked about on the space, there's so much
misinformation, disinformation on this topic. If you believe kind of the main narrative here,
there's a legacy program where this technology exists. And Congress, for the past couple of years, I mean, they've been
having testimony. It's amazing to me it's not covered in the news, but Congress is trying,
it's outside of Congress. Congress is trying to get control over it. What I think Trump is really saying, if you read between the lines, is I want to bring this program back under presidential purview.
And again, if you believe the story, Eisenhower was the president who lost control over this.
Kennedy tried to get control back.
No president has ever been able to get control
back of these programs. Trump is trying. And that was where I read into him saying,
you know, I want to release the files. So it got me excited. It didn't make any portfolio changes.
I see. Yeah. I mean, I know what you mean.
And it seems like you're already positioned accordingly prior to him saying that yesterday.
So for anybody also who did not hear the discussion yesterday, you'll find that on the last 30
minutes of yesterday's stocks on space is clipped.
The recordings are posted on that account.
Very interesting discussion there.
And I encourage everybody to also check that out.
But yesterday we were talking about the black budget or partially about 50 of the US defense budget is at $1 trillion approximately
and 5% of that is going to be black budget, which equates to about $50 billion. Now we were talking
about which, who would be the biggest beneficiaries of this $50 billion of the classified technology
and you highlighted our momentum holdings, momentum holdings, I'm sorry, I can never say that name correctly.
And we pretty much, or you pretty much said how it would be one of the easiest to recognize
based on the numbers, because Lockheed is going to consistently be putting up very high numbers,
especially considering $194 billion backlog for them.
And, you know, a couple billion dollars added into there might not be as noticeable on Lockheed as it would be on some of the others. Could you elaborate a little bit on why you see
this as the purest play? Yeah. So really what you want to look at when you're doing anything
thematic is you've kind of got the obvious winners, you know, the first order thinking, and that's the big defense primes. But then you also want
the suppliers to the winners. Then you want the asymmetrical plays. The companies who disclosure
of this would be a massive impact on their stock price. So if it came out, all right, Lockheed Martin's got this technology,
that's going to have an impact. But Lockheed Martin's a massive company, all sorts of business
lines. They're not going to 20X, maybe over time, but they're not going to 20X immediately on something like this where, you know, an momentum could.
So I want a mix of kind of those asymmetrical plays
with kind of the stodgier, obvious winners.
And, you know, same thing with everything.
You make money on the obvious stuff,
but where you make your real money is finding the asymmetry. So you
want the obvious stuff, but you've got to find where's that asymmetry and put that in there if
you really want to do well. And to me, omentum is the real asymmetric play here. And also,
I would love to ask, because I mean, again, I believe if I'm not mistaken,
you're at 5.2% momentum. Obviously, I know that changes on a day to day basis based on given
values and market. But last time I looked, it was sitting around 5.2%. How concentrated is the
portfolio? Is this by design? And is there a max position size you would be willing to allocate on a single stock there isn't i like concentrated so the space etf we're coming out with next week 11 names
because there really are only 11 names what i find oh you know nine times out of 10 with etfs
that are out there is there just way too many names. Like, you know, quantum,
there's like five quantum names. I don't know what the quantum ETF has. I think it's like 75.
Yeah, it just it doesn't make any sense to me. And there are probably about 52 names in here,
which honestly kills me. I don't want 52 names in here,
but if this technology gets released, it's going to have impact over so many sectors
that, you know, I kind of, I don't want 52 names in here, but I really, I need exposure here. I need here. I need here. I need here. Now, my goal would be,
let's say this technology does get disclosed. You're going to get a lot better sense because
right now I'm the only one. I'm not the only one. I've talked to other money managers or
venture capital firms, but I'm one of the only ones and I'm the only one doing this out loud,
trying to find these companies. Once this technology gets released, everybody is going
to be doing this. And you're going to get a lot more intelligence because now I'm going to be
seeing, all right, you've got, you know, a hundred of the top hedge funds, where are they putting
their money? And that will allow me hopefully
to bring the portfolio down. I'd love to have it only be 25 names. Right now it's 52. And again,
I don't want it too concentrated right now because again, we don't know for sure anything
here. Once I know for sure, then I got no problem with concentration.
Yeah, I got to say I agree there, especially considering your thesis on this technology.
Let me ask you this. In this scenario, let's hypothetically say there's no disclosures.
Looking ahead, do you plan to evolve this strategy you know to add let's just say
uh-oh we cut them off i'm sorry uh you're hearing me now you're good we got
there's no way this happened again
you're about to ask me probably about raytheon technology they knew it and they cut you off
asked me probably about raytheon technology they knew it and they cut you off
well i i'll get him back that is amazing this two times in a row i hope he's okay yeah
they found him
sniper we got you back yes yes i'm so sorry about that. We can. Yeah, so looking ahead, do you plan to evolve the strategy into maybe adding some international names, maybe some of these private space plays, even some of these energy disruptors that are kind of coming out here?
You know, if there is no disclosure coming, do you see this strategy kind of evolving on some of those fronts?
I mean, even if there is disclosure, I'd see it.
It's always going to evolve.
I've never been a fan of index funds.
I think there are some things that you do want to do an index for, not this.
So I think it will constantly evolve. And the interesting thing is I get a lot
of people now coming out of the woodwork. I mean, some of them are weird, but I mean, I got like
physicists calling me and giving me ideas. And that's really cool because I'm not a physicist.
ideas. And that's really cool because I'm not a physicist. So some of the ideas, like most of
them came from me and my research. Some of them came from people reaching out to me who, you know,
are in different disciplines that I'm not in saying, hey, you know, take a look at this company
or why isn't this company in your portfolio? And I'm like, well, you know what? It should be. So yes, I definitely think it will continue to evolve. And, you know, we're
researching this topic every single day. You know, we just came across a company the other day,
Ouster. And we're like, you know i i think that that fits in here for a small
allocation i mean i'm not going to add just to add again i don't like having this many names
but you know if i find something that fits in here i'm going to put it in
and now let me ask you this uh on a scale from a one to a 10, how interested are you in the SpaceX IPO?
A 10? Not interested from the standpoint that I'd buy it day one, but interested from the standpoint that it makes sense in this portfolio. It makes sense in my space ETF that I'm doing next week.
And we're going to be filing for some other things around SpaceX as well.
So I am very excited.
I am still holding out hope.
So in my SPAC ETF, the symbol is SPCX.
I'm holding out hope that Elon buys it.
I'm thinking that's probably I would have heard
from him by now. I think he's going to go with X. Yeah, probably X. What's that?
Probably just the X, right? Yeah, but that would on a scale from one to 10, then I'd be at a 20.
That's a great answer. I got to say, I'm sitting at a 10 as well. And I agree with your take there.
I might not necessarily buy it the first day it's available.
I want to kind of see how things set in and see how the market kind of reacts to that.
Given like all the crazy volatility that we've seen in this defense and aerospace slash space sector within the last month,
how much of this would you really attribute to defense sector news coming up?
And how much of this would you kind of attribute towards disclosure or headline flow?
I'd say 100% on what's going on now.
I don't think, again, I've talked to some big money managers who are doing something similar quietly,
but not big enough that they're going to move the needle.
So I think it's all Venezuela. And then we weren't 100% sure
we were going to attack Iran. I mean, Trump, art of the deal, you never really know. But I think
there was a fair degree of certainty that at some point we're going to attack our own. So I think the run-up we saw in defense
stocks was pretty much 100% that. Let me ask one follow-up question to this.
In terms of a disclosure, what do you think would need to be said for a price to really
significantly move? So what we need is we need not disclosure that aliens are real.
So what we need is we need not disclosure that aliens are real.
You know, that doesn't do anything for my basket except just makes it fun to talk about.
What we really need is disclosure that we have this technology.
And again, alien or human, I don't care.
Alien is way more fun.
But if it's human, I'm fine with it too. Disclosure, we have
this technology in that it is moving towards being commercialized. That's the game changer for me.
I think the one step, and I talked about this yesterday, that you need for this to happen is some sort of immunity,
because there are tons of people testifying in front of Congress that we do have this technology.
Almost all of them are from the intelligence field. What you need is the guy at Lockheed Martin to come in and say, yeah, I'm working on it. It's right over here in
my lab. Come see. And if you believe the narrative that there's this program going on that's been
outside of Congress, well, that guy's breaking the law. So you need to give him protection
from retaliation, obviously, but also protection from prosecution because dude you've
been working on something outside of congress taking you know defense department money with
no oversight you broke the law yeah you know i i have to say there could be somebody right now
listening that meets this exact description.
And I hope that for our sake, I hope he would go ahead and come forward and say something
to kind of do this.
You know, I don't want to take up too much time in this.
I'll pass it back to Gav here.
I know we just have a couple of minutes left, but I have to say that was an amazing discussion.
And I think that there's a lot of things that I'm very excited to read about following this stream.
Cool.
Yeah, great questions there from Snipe.
Thank you again, by the way.
We're going to run another several minutes here.
But to all those that have been joining in, we've been talking about the UFOD ETF from Tuttle.
Excited again to have this live stream sponsored collaboration effort here
from SIBO as well as Tuttle, as we mentioned in the beginning. And again, if you want to find
the prospectus or the summary prospectus for UFOD, it is available right on tuttlecap.com.
And also, as we mentioned at the beginning, you can also tag, tweet at Matt Tuttle directly,
right on X, ask any questions that you have.
He's very available in that area. One thing which I always like to discuss is just trying to understand exactly where you see an ETF fitting into the average retail
investor's portfolio. I think a lot of people have broad-based index funds, maybe some single
stock exposure. Do you think this is something that they're carving out some of their QQQ,
or is it taking place in some of those single stocks? Just how you see it fitting in. Yeah. I mean, I really see that this can be
a core holding. Everyone's going to be different with what they do, but it touches so many areas.
It's got the aerospace and defense. It's got kind of that, you know, the engineering, the quantas and things like that. It's got photonics in there.
You know, it's got like the Palantirs in there, you know, the rare earths in there.
So it touches so many areas that I would argue you want in your portfolio.
And it's a lot of areas like, you know, where I was saying before that we don't need disclosure for this to work.
A lot of this is AI infrastructure, you know, the photonics and the, you know, the quantas and all of that.
So it touches on so many different themes.
think it could be a core holding and I'm using it as a core holding in our wealth management firm
and in my portfolio because it touches on so much. Got it. So potentially could be a core
holding for those, especially ones that want the access to, like you said, AI plays, a couple other
areas. You talked about obtaining certain levels of certainty to make sure that this portfolio is more concentrated.
I'm curious, what are some of those catalysts of some of those things that you'd be looking for to create change within this portfolio?
What would cause you to have any balance?
Really, it's the disclosure of this technology.
Then you're going to have every smart analyst on Wall Street looking at this, and you're going to be able to see where they're moving money.
And, you know, and that'll help.
And, you know, for that to happen again, I want to see some sort of immunity for whistleblowers.
for whistleblowers. And then I want to see, you know, people from the military contractors
testifying in front of Congress, not intelligence people. You know, I don't trust the intelligence
people. You know, is it a full truth, a partial truth, a total lie? You know, I mean, who knows?
I want to see the guys from Lockheed and Raytheon testifying in front of Congress.
Interesting.
Okay.
So heavy distrust for the government if they were to make the disclosures themselves.
I mean, when you've got to clear your statement with the Department of Defense, I take it with a grain of salt. And knowing how much misinformation the government puts out on the whole UFO issue,
it's just hard to know. And within the UFO movement, there are factions that have different
agendas, different feelings about things. So it's impossible to know who to believe
until we get the actual truth out.
Got it.
That makes sense.
I think that that's a healthy framework as well because some people might see someone
in the government testify about something and be like, oh, catalyst.
I'm going to go purchase something.
But they don't understand, right?
Those statements are cleared.
Who you really need to hear it from.
Some of those different pieces.
That makes sense to me as well.
Just to kind of close this out, just for the last few minutes,
I'd like to talk about the current conflict that we're seeing and how you think this could
speed up some of the disclosures and other pieces. So seeing a lot going on right now in the Middle
East, Iran, but also there's talk about Cuba and other pieces. Do you think just the environment
that we're in right now really is going to speed up the process of these disclosures and these
potential catalysts?
So I think it very well could. I mean, certainly it helps our basket regardless. But what you tend to see is some of this technology surface. So in Venezuela, we saw the discombobulator,
whatever that is, you know, probably some sort of like directed energy sonic weapon.
whatever that is, you know, probably some sort of like directed energy sonic weapon.
In this conflict, you saw like some advanced drone stuff that I don't think people realized we had.
And then you also saw Israel shooting down missiles with lasers.
So that's all interesting.
You know, what else might you see surface?
Because that's generally where you see it you know with um you know it
with prior gulf wars you know we saw stuff oh my god i didn't realize we had you know missiles that
we could fly 3 000 miles and go through your window um you know we didn't realize we had
stealth fighters you know stuff like that that was surfaced in prior wars.
There is a chance some of this technology could surface here.
Yeah, yeah, that makes sense to me.
And I think that, you know, you mentioned it with the discombobulator.
And then I think with this type of what we just saw, what recently happened with Iran, where when they went in to kill the Ayatollah,
I know that there's been Americans on the ground now, but initially, right, that initial force and
attack was largely done remotely with a lot of different pieces as well, obviously with drone
strikes and other areas like that. And so once the government uses it, there's a much bigger chance
that the public knows about it. And I think that that's kind of what you're getting at.
Definitely. Yeah. Sniper, do you have any last questions,
pieces that you want to go over here? Yeah, sorry. I accidentally rugged out. Could I get a
confirmation? You can hear me? We can hear you. Nice. Yeah. It's also very sketchy that that
happened as well. But I want to say or ask, if there was a disclosure to come,
would you focus then more concentrated on the particular names
or the particular beneficiaries of the disclosure?
Yes.
I would definitely like to get this more concentrated.
Yep.
Honestly, I think that's it for me
nice yeah i think we covered this pretty well uh you've definitely made the outline in the case
i really like that comparison right if you want to bet on if aliens are coming you've got you know
caution polymarket if you want to actually bet on uh disclosures from the government based on
technology that's being used this is an area for you to gravitate towards.
Also, if you just are of the opinion,
hey, conflict's going to escalate
and the governments can be forced to show their hand
on certain weaponry, right?
That could be this area
or we're going to be going to space
and we need new energy sources, right?
That are going to be revealed there.
It's kind of a play on innovation, I think,
and a reveal of innovation,
but specifically in a defense
aerospace area. So pretty interesting stuff. Matt, any final comments you'd want to share on it?
No, I mean, I think we hit all the good points. For more information, go to my website,
TuttleCap.com. We do a lot of thematic stuff. We have a free newsletter.
We also do a lot of thematic stuff.
We have a free newsletter.
We write about investment themes every day.
But yeah, I think we hit the main points here.
Yeah, exactly like you said, and I'll show that real quick just before we do close out.
Again, titlecap.com, Total Capital.
You can look through a variety of different ETFs that are here.
UFOD right up at the top for people to be able to check out.
Engineered for Alien Alpha.
Full fund details, fact sheet as well within here can be found.
The prospectus and the fund prospectus is right there.
You can go through all the holdings.
We talked about some of those holdings on this call in terms know, in terms of what has upside, what has further upside, potential consolidation,
all those different pieces were covered. Thank you again to everybody that did tune in. This
will turn into a recording on both X as well as YouTube. I see we got a good little YouTube
audience watching here today as well. So thanks for those tuning in from there. If you have any
there. If you have any questions on this, Matt, I'm assuming they can just tag you directly,
questions on this, Matt, I'm assuming they can just tag you directly, message you.
message you. Yeah, feel free. I answer all questions that compliance lets me answer.
There you go. You heard it there. And this is green since launch. It was launched back on
February 5th and it's up 2.78% since then, despite some of these turbulent markets. So thank you
everyone again for tuning in. Thank you, Sniper, for being part of this conversation. Tuttle Crew, the SIBO team,
thanks for helping make this possible.
Wishing everybody a great rest of your Thursday.
We have a lot more content coming today.
We'll be live for Stocks on Spaces
and a couple of other shows.
Our live trading show
always runs throughout the day.
Go check it out.
That's going to do it for this one.
We'll take care and see you on the next one.
