Investor's Edge with Gary Kaltbaum - 10/7 [10.07.2024]

Episode Date: October 7, 2024

https://garykaltbaum.com/...

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Starting point is 00:00:29 subject to a I'm going to go. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks of being with us today.
Starting point is 00:00:45 Glad you here, ladies and gentlemen. Happy that you are listening. It is October 7, 2024. Today on the show, we're going to start with October 7th, 24. 2023. We're going to have some pointed things and comments to say because it really does matter. The next thing we're going to talk about is the hurricane and then we'll go into the markets, which got roughed up a little bit today. But first, if you do not get this radio show and you see, By the way, it's Investors' Ed, serious talk on everything that affects you.
Starting point is 00:01:31 And every now and then we'll get, well, you know, Israel, what does that have to do with the markets? Well, if the world blows up, anyway, everything that affects you, we will do the election, the markets, the economy, your job, your industry, everything that really does matter and really does intertwine. into everything that does matter. If you don't get this show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email me, you just got to be nice. So it's October 7th.
Starting point is 00:02:14 It's a year later. And we don't know the numbers exactly, but there's still hostages. And I'm going to say some things you may agree or disagree. Welcome to the world of opinions. It has been very unfortunate in the last year. The movement of lies. The movement brought to by anti-democratic, anti-United States, anti-Israel scumbags.
Starting point is 00:02:56 And I'm sorry to say, terrorist, advocates. Anybody who's marching today against Israel on the one-year anniversary of what would have been 10 9-11s here can basically go screw. And you know, we use this term tick-tac-toe. You can't win so you don't play the game. I wouldn't even get into a conversation with these people. I wouldn't even talk to these people. I wouldn't try to convert these people. I wouldn't try to explain to these people. They are dirt in my world.
Starting point is 00:03:39 That they would praise terrorists in the name of a lie. My favorite one is Israel deserved it because Israel is an occupier and apartheid. Israel hasn't occupied. It's not been in Gaza since 2005. they left it to be. There's not a Jew in there to be found. And the Hamas, they destroyed the place. They stole all the money, but that's all Israel's fault.
Starting point is 00:04:11 Apartheid. It's one of the greatest lies I've ever seen in plain sight that Israel is an apartheid state. try to find the Jew in some of these Arab states. How many Arabs and Muslims are in Israel? A ton. The gays, I'm watching gays for Hamas out there. I'm watching gays praise Hamas.
Starting point is 00:04:44 And what goes on there, they would be murdered instantly, but no, not true. I'm watching people saying that. that October 7th was done by the Jews, that it was a setup so Benjamin Netanyahu can keep his power. I'm seeing that. Again, tick, tack, toe. What a shame. My biggest problem is reserved for Joe Biden.
Starting point is 00:05:22 And I'd like to say Kamala Harris, but she's just the Fice president. Joe Biden. And there's a kind of, you got to juggle it a little bit because still sending Israel arms. Still, when it happened, came out and forcefully came out and blasted Hamas and what happened. Still keep saying we're all for Israel. We're backing Israel, backing Israel. What's the problem?
Starting point is 00:05:54 it's the word but I have never seen more statements of backing with more butts with one T than Joe Biden in the last year. There were no butts for Black Lives
Starting point is 00:06:10 Matter. There were no butts on that Charlottesville thing. Which by the way and you know I'm no Trump guy but go look at the whole video which they don't talk about. just another media lie.
Starting point is 00:06:27 Everything I do and say is based on what would I do if I was president of the United States. And I got news for you. The freaking pressure as the leader of the free world I would have been putting on all the Arab states that are around there and the bad guys, them hostages would be back now. And these Hamas people would be scared out of their living wits. But we've got a lot of buts. But-isoms. Kamala Harris on 60 Minutes tonight was asking about as Benjamin Netanyahu's an ally.
Starting point is 00:07:12 Well, you know, but we're with Israel. Do you believe it? Politically, they don't like the guy. He's too far conservative for them. So maybe he's not the budisms. I think Joe Biden on Israel sucks, and I say that that he's come out. I back Israel. I back Israel.
Starting point is 00:07:38 They've also negotiated behind Israel's back with Hamas to the point where Israel's doing things without even letting the U.S. know because they don't trust them to open their mouths. That's how bad it is. Israel is doing exactly what they got to do. These people that didn't 10-7, they have been murdering Israelis and lobbying rockets into Israel for ages. I told you when I was there. When I was there, rockets over my head.
Starting point is 00:08:17 Israel never answered. And Israel's had enough. And the number one job, number two job, number three job, number four job, number five job of a country is the defend the citizenry. And when the terrorists hide, you find them. And when the terrorists say there will be a thousand October 7th, you get them. Just like we got bin Laden and the rest of those scumbags. You don't give them any quarter. This whole negotiation thing, I keep hearing from Biden about how Israel needs to, needs to. It's Hamas that doesn't negotiate. They've done this on purpose.
Starting point is 00:09:04 It's Hamas that murdered and raped and destroyed and burned and kidnapped. You don't negotiate with those people. You take them out. It's a year and there are still hot. By the way, I think there's five Americans. President Colt Bomb, I would guarantee you those Americans would not be. be hostage anymore. Happy New Year to those who celebrate. Hurricane Milton has turned into, we segue now, a cat five. I am looking on GPS right now, how traffic out of Tampa into going north on 75 is bright red. That means traffic up the wazoo. I am here in Lake Mary, Florida, and what you hear is the I-4 corridor. I am approximately 150 miles from where it will hit land. it'll take 150 miles to get to us
Starting point is 00:10:25 the cat 5 will probably probably be a cat 3 once it hits lands because we hear it's going to get shorn sheer they say I expect that Wednesday night through Thursday we're going to have some serious weather where I'm at to the tune of 70 to 100 mile an hour gus
Starting point is 00:10:49 if not wind, lots of rain. I am quite the inland. I am moving my office to a hotel. Got two adjoining rooms. I am not screwing around. Up next, some words to the wise of anybody listening in the crosshairs. I'm Gary. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge.
Starting point is 00:11:36 We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs,
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Starting point is 00:12:32 This message is brought to you by Kola Guard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45 if you are at average risk. The coliard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your coliard
Starting point is 00:13:01 test is easier than finding the right track on your mixtape. If you're 45 or older, and at average risk, ask your doctor about the coliagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history of colorectal cancer, or a positive result from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result
Starting point is 00:13:35 should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Economic headlines keep shifting, but the uncertainty remains. Market volatility, rising debt, and global tensions are affecting retirement accounts and long-term savings. Many Americans are turning to physical gold and silver as tangible assets to help diversify their portfolios. Preserve gold provides educational guidance, including how metals can be held in an IRA. Get your free wealth protection guide when you text Iheart to 50505.
Starting point is 00:14:09 That's Iheart to 505.05. For delicious meals, you could go out to eat, or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious, with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callenderson, what having it all tastes like.
Starting point is 00:14:43 It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Welcome once again to Investors Edge.
Starting point is 00:15:18 I really don't know what the schedule will be, but Adam will be on hand. need be. It looks like landfall, looks like north of Tampa now. And nice little right turn. I think where I am Lake Mary is going to get probably the bottom 30 to 40%
Starting point is 00:15:37 of the cone, at least I'm seeing. It's going to be a freaking doozy. It's moving 9 miles per hour. Damn, I wish it was moving 15. Hopefully it speeds up. And it's going to go out into the ocean.
Starting point is 00:15:56 So it's not going to hit a ton of land, but the land it hits, especially on the West Coast, water surge and all that stuff. Get the hell out of there. That's what my recommendation is. You all decide. I have been contemplating, actually, either driving way south down to Miami or way north up towards Savannah, Georgia. it wouldn't take me much to do that. Right now we are going into a real nice hotel that I think it's about six, seven stories, so it's not like 20 stories up. I can tell you we got hit by a hurricane a long while ago. We went to the Hyatt Grand Cyprus and the sides of the building would take, not the structure, but it's stripped off the side. So who the hell knows? Thursday 7 a.m.
Starting point is 00:16:56 It's showing it'll be down to Hurricane 74 to 110. But it's going to be a doosy all the way the I4 corridor. If I was in Tampa, I wouldn't be in Tampa. That's all I can tell you. In that surrounding area, by the way. I'm give or taking north and south from there. And from what I see, there's some. serious movement of cars to get the hell out of there. That would be the safest move. These hurricanes
Starting point is 00:17:31 have no bias. You can be rich or poor. You can be in an apartment or the biggest of mansions. And hurricanes will take you down. We just want you to know that. And low-lying areas with that water surge how do we know this you know me by now right first off i've been a bunch of them i wasn't in andrew which came across from east to west but i lived in boca and me and a couple of buddies went down there the day after to help out it looked like a nuclear bomb went off so anything is possible and that is why I'm contemplating just getting the hell out of here. I'm going to decide probably by tomorrow afternoon, and that's that.
Starting point is 00:18:36 Let me repeat, these hurricanes don't care about you, care about your life, don't worry about your stuff. If you've got very important papers or very important whatever, get them locked up, in the best way possible. And again, get the hell out of there. They're looking at up to 10 to 12
Starting point is 00:18:59 feet all the way from Bradent, well, actually south of Bradenton all the way up to Clearwater. I'm looking at it right now. Actually, they're talking Fort Myers Beach all the way up. Yay. That is your hurricane whatever for today. I think I've been in maybe seven or eight of them. You know, we had one year where we had three of them. Three of them came through within, do you remember that? What was that? 2000 and I don't even remember. So I'm looking at this right now where I'm at.
Starting point is 00:19:41 They're saying 75 to 110, Tampa, 110. Port Charlotte, Tampa, all the way around there. And there's your hurricane report for the day. I'm already getting emails from idiots. Oh, you see, climate trains for real. I mean, they're making a point while people may die. Like we haven't had hurricanes before. No, we've never had hurricanes, right?
Starting point is 00:20:17 Anyway, Hurricane Milton. We'll be on air tomorrow, Wednesday and Thursday. We're not sure. Probably Wednesday, too. which has us segueing to miss the crappy market today. You know, we pride ourselves. By the way, I never buy insurance stocks. I bought Berkshire Hathaway.
Starting point is 00:20:48 I just got out, lost 1%. The pure insurance stocks today, oh, I got a couple down 10%. I have a bunch down 5%. Berkshire was 1% drawdown for me a little more than 1% because it's not totally insurance but I'm not letting a Cat 5 hurricane and the uncertainty
Starting point is 00:21:13 I can always get back in that was my Berkshire play we're also we're pretty darn good at leadership they were acting really well today versus the market and then they came after the market late and except for NVIDIA which is up another three and a half bucks today
Starting point is 00:21:28 amazingly but the Dow was down 398, S&P 55. There was just a couple of air pockets on the NASDAQ today. 214, NASDAQ-134. And may I state for the record, there's some big cap tech that just that Adobe X terribly. You already knew that.
Starting point is 00:21:52 Amazon, very bad day on a downgrade. Microsoft below the 200-day moving average. Now, we own meta, the strongest of. It dropped a couple of percent today. We're still up nicely on it. But Microsoft, below the 200-day moving average, earnings in 15 days, a big wow. Tesla down 9.
Starting point is 00:22:22 I hear robotaxis this week. What have I told you about? I don't think, I think Elon Musk is really. one of the smartest people on Earth, I just don't see the robotaxie thing. Is it me? And I know there's areas and flying jets. I know you got some waymos going on in certain areas. I just don't see them proliferating.
Starting point is 00:22:49 I'm never getting in one. You ever think I'm getting into a car with a robot driver? Have you seen the regular drivers, let alone a robot driver? Not happening. Anyway, that not acting too well. And just I can run the gamut. Very rough day to day for leadership. Up next, we'll continue with the markets.
Starting point is 00:23:17 Got to talk the China thing again. I'm Gary. This is the one only investor's edge. This message is brought to you by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. caught early, colon cancer is treatable in nine out of ten people. With more options than ever,
Starting point is 00:24:03 it's key to start screening at 45 if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding the right track on your mixtape. If you're 45 or older, and at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Do not use the colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree
Starting point is 00:24:39 family history of colorectal cancer, or a positive result from another colon cancer cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Economic headlines keep shifting, but the uncertainty remains. Market volatility, rising debt, and global tensions are affecting retirement accounts and long-term savings. Many Americans are turning
Starting point is 00:25:11 to physical gold and silver as tangible assets to help diversify their portfolios. Preserve gold provides educational guidance, including how metals can be held in an IRA. Get your free wealth Protection Guide when you text IHeart to 50505. That's IHeart to 505.05. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken Parmesan bowl is delicious with scratch-made marinera sauce,
Starting point is 00:25:48 creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callenders, what having it all tastes like. We're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here.
Starting point is 00:26:13 He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. By the way, I have this little report. Insurance names continued on to perform in late trade. Get this.
Starting point is 00:26:33 You ready? these are down for the day 4 4 4 4 4 4 oh by the way travelers is 4 and a half that's in the Dow almost 5 almost 5 almost 5 5 and a half that's all state 6 6 and a half 7 7 and a half these are down today percentage 8
Starting point is 00:26:57 8.9.3 20 and 23 I'm fortunate I lost the percent and change on Berkshire. And who's to know this is going to be a cat five? And let's hope by the time it hits, it's not. Looks like they're saying it's going to be cat three. So that's your insurance.
Starting point is 00:27:25 Just a rough day, which has me going to something we've been talking about for years. And it's something that has to be watched. How many times have I said to you on this show, watch the 10-year yield, not the Fed. when the Fed prints money, that's when you watch them, when they fall very much behind. But most of the time, they're just, you know, remember what we say here. The economy is us, not them. We're the economy. Them moving a quarter point, half a point doesn't matter.
Starting point is 00:28:11 And for markets, they can move the market for a day or two, but after that, watch the 10-year yield. Last week we have been saying to on this show, we're going to need to watch this. And it's a simple reason. It's been a driving force in the market. You can go back to last November. The market bottomed out at the same time the 10-year yield topped down. The 10-year yield was at 5%. Seriously.
Starting point is 00:28:43 Seriously. And then you can go to April of this year where the yields topped out and we had another leg up in the market. And it hasn't been picture perfect yields, but dang, I'm going to guess 75 to 90% of the time. So now we're going to watch very, very closely. And we had a drop because of Japan. that's not yield based.
Starting point is 00:29:21 When we rallied up in yields from January the beginning of this year, the market still kept going up. Because the Fed was done raising their rates, whatever. But now, and by no accident, what did we tell you last week was going to underperform? Interest rate sensitive. What's interest rate sensitive? The utilities, which have been doing pretty well, the reits, the real estate stocks, the housing and housing related. The mortgages, rocket mortgage things like that, Zillow, real estate.
Starting point is 00:29:59 And guess what's happened over the last week to 10 days? They've been coming after the interest rate sensitive stuff, not all, but a lot of it. And I just noticed today they really cracked a bunch of utility names and some real estate stocks. not to mention they're cracking now junk bonds. I don't know exactly what that means, but we'll see. And now with interest rates going higher, by the way, 4.026. We have gone from 3.6 on the 10 year. That was September 17th to 4.026.
Starting point is 00:30:39 And I feel like I have to do this again to explain. because I know what you're hearing. The Fed's lowering rates. What is this rates going up? With the Fed lowering rates, what gives? How can that be? The Fed controls the short-term rates. The Fed funds rates, your money markets.
Starting point is 00:31:01 And a little bit on the adjustable loans and things like that. Unless the Fed is printing money and buying up bonds, they have no control that. The bond market is the free market. Remember what we said? The Fed manipulated in rig by printing to. to nine trillion. They're not doing that anymore. So all of a sudden the Fed is lowering rates. The long bond rates are going higher. What gives? And what we had said to you, well, they were
Starting point is 00:31:29 seen as inflation fighters. Hey, we're staying tight. We're not lowering rates. We're not doing this. Don't worry about it. But guess what? Now that they're not seen as fighting inflation anymore, what do bondholders do? They sell the perception. And if they sell, yields go higher. And that's what you are seeing. Simple as that. And what affects markets a lot, that 10-year yield. And as I said, not 100%, but a good portion of it. And now we're up again today. And that is something to watch big time as we move forward. And of course today, not a friendly day when all was said and done. The insurance stocks, that's hurricane related. Everything else, not so. And may I state for the record, they went after retail today, possibly because of that, and other sundry areas that are of import. And when I say retail most. So stay tuned, getting interesting, don't want to get all dire, leading stocks still leading, though they pulled some of mine in today, how dare they? They got nerve. And we'll see what
Starting point is 00:33:00 tomorrow brings. And that's the story. We even told you what we sold. We try to be careful about that. And no one, that's not a bet against Buffett. It's just that we're looking for launching pads and uptrends. And if the launching pad doesn't work or deemed not to, we take action. And with a hurricane coming, we don't want small hurricane no biggie. Well, biggie, but no biggie. This one, there be some potential in it. Okay. October 7th. the hurricane, the markets. A lot going on. We're going to lay off the election today,
Starting point is 00:33:59 except Kamala Harris is doing a bunch of interviews with buddies. We have offered now a quarter million dollars to our favorite charity for me to do an interview with her. I have yet to hear back, which I won't hear back. And the reason why is, A, you can't. handle the questions. We have reached out to the Trump's. No answer. Trump would not be able to answer my questions either because we would hold the powerful to account respectfully. But we have a very important election coming up and there's some doozies of proposals out
Starting point is 00:34:49 there from both. Proposals I completely disagree with. From both, both talk a big game about people. And then I keep hearing what they're going to do and they're going to do and they're going to do and they're going to do and they're going to do. And we're trying to tell you between Trump and Biden Harris. How much debt have they added to the system without COVID? Just that. You do know that matters. You do know that's important, right?
Starting point is 00:35:38 And I know you love Trump. These are the reasons why. Others, hey, we're with Harris, even though, I don't know what the hell she is. And that was not a religious or gender or anything else comment. It was based on policy. before you email me. One month after tomorrow, the election.
Starting point is 00:36:07 I stand by it, unfortunately. The Bola Virus versus the bubonic plague. But whoever wins, I will back 100%. I will try to put my two cents in. I got connections. Doubt they'd listen. Up next, what else we got for you? On this day, I'm Gary.
Starting point is 00:36:31 This is the one only investor's edge. message is brought to by Colagard. If you ever printed out directions and hoped you didn't miss a turn, it may be time for you to screen for colon cancer. Luckily, things are a lot easier these days, even screening for colon cancer. When caught early, colon cancer is treatable in nine out of ten people. With more options than ever, it's key to start screening at 45, if you are at average risk. The Colagard test is non-invasive, requires no special prep or time off, and it ships right to your door, so you can use it in the privacy of your own home. With just three simple steps, setup, sample, and ship, completing your Colagard test is easier than finding, the right track on your mixtape. If you're 45 or older, then at average risk, ask your doctor about the Colagard test available by prescription only. Learn more or request a prescription
Starting point is 00:37:44 at colagard.com slash podcast. Do not use the Colagard products if you have had adenomas, which are a type of colon polyp that can sometimes become cancer, inflammatory bowel disease or other hereditary syndromes, a personal or first-degree family history
Starting point is 00:37:56 of colorectal cancer or a positive result from another colon cancer screening method within that test's recommended screening interval. Colagard results should be interpreted with caution. A positive test result does not confirm
Starting point is 00:38:05 the presence of cancer. Patients with a positive test result should be referred for a colonoscopy. A negative test result does not confirm the absence of cancer. Patients with a negative test result should discuss with their doctor when they need to be tested again. False positives and false negative results can occur. Every day, the headlines shift, but the uncertainty never seems to fade from rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing. Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and and long-term financial plans.
Starting point is 00:38:37 More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real, tangible assets during unpredictable moments like these. They're not about replacing existing investments, they're about adding a layer of diversification that has historically helped provide balance during volatile periods.
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Starting point is 00:39:15 Text IHeart to 50505 today. For delicious meals, you could go out to eat or spend hours in the kitchen. Or you could just make a Marie Callender's meal. Yeah, you heard me. Marie Callender's classic chicken parmesan bowl is delicious. with scratch-made marinera sauce, creamy mozzarella cheese, and no preservatives. It's high in protein with 30 grams per serving. Marie Callender's what having it all tastes like.
Starting point is 00:39:47 You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge. With Gary Culpa. And welcome once again to Investor's Edge.
Starting point is 00:40:24 Let me just put a bow tie on. something I said earlier on Biden and Israel. In case you don't know, there's diplomacy in the room, and there's a diplomacy out loud. It nauseates the living crap out of me, that he had Schumer go out and blast Netanyahu of Israel about how he should step down. And then finally Biden came out because he whipped out by putting Schumer out there and would not back him all out of politics, nothing more. And I'll never forgive him. There's plenty of policy proposals I can't stand about Biden. I think he's terrible. But the big story is he let Israel hung out to dry. And now Kamala Harris, in an interview with 60 minutes, I think that's tonight. Netanyahu out to dry also,
Starting point is 00:41:43 the leader of Israel, the defender of Israel. And I can't tell you how much that pisses me off. all because he's not his kind of politician. That's nothing to do with anything else. And the media, unforgivable. They actually asked the parents of a hostage today on blaming Israel for what happened a year ago today. And Netanyahu. That was the Today Show.
Starting point is 00:42:27 They suck. I can't begin to tell you how badly. I can understand how pissed off Trump is. and what they do to him on a daily basis. I get it. But some is earned, some isn't. A lot isn't, actually, while they kiss the behind of the other side.
Starting point is 00:42:58 And it's sickening. Look no further that the lefties go on Howard Stern now for interviews. A man who did blackface and used the N-word. Oh, he's excused. and you know what else he's done on that show as far as women are concerned, but he's excused. Let's go sit with him because he's the glitterati. And you wonder why the other side gets so p-oed? We got a segue again because I forgot something very important that happened today also,
Starting point is 00:43:56 along with yields going up, and this is important. Oil price is up another almost $3 today. They've gone up about 15% in five days. Oil stocks better. We've been saying avoid oil stocks, most of them, except a certain few. And we've been telling you Exxon's the best of the biggies. That's at a new yearly high. What's with the oil?
Starting point is 00:44:21 Is Israel going to take out some oil tankers or whatever Iran's got going out there? You restrict supply, price goes up. Simple as that. I have no clue whether Israel is going to do that or not. But you have a little one-two punch this second. Oil prices and the 10-year yield. So stay tuned. We've rode up the S&P about 80% of the move from last November.
Starting point is 00:45:04 Twice we sold when it told us to. As of this second, it has not given us a sell signal. We suspect a break below 5.5.000. 64, which is the last little breakout would get us thinking. A big cell breaking below 555 on the SPY, by the way. Let me take that back. Not a big cell, but A, but that's for another day. We already got some emails on Nvidia today because we had mentioned we picked it up off the 50-day moving average.
Starting point is 00:45:47 Almost broke above range today. That 131 in change, but pulled in because of the market. definitely has relative strength here for whatever reason. And of course, the CEO said demand was insane last week. We'll see. The China stocks, they started slow today and finished okay again. Let me repeat again, though. They are the redwood trees with the Eiffel Tower on top,
Starting point is 00:46:26 with the Seattle Space Needle. top of the Eiffel Tower, that's how stretched and extended to the upside on the near-term basis. Most of it on gaps overnight. On a daily basis, I am agnostic because I don't know about the next day. The normality would be a 10% pullback in the next weeks ahead for potential entry. but there's no normality when you have a government going all in because the government knows they got issues there and they want to stay popular.
Starting point is 00:47:08 Remember, this is about popularity. This is about keeping your power. So they are unleashing. In some cases, a lot more than Powell ever did during COVID. We'll see where it goes. Ladies and gentlemen, you'll have a great evening. I hope I didn't rub anybody the wrong way today. We just care and mean business.
Starting point is 00:47:40 Tomorrow, actually I'm not even sure about TV tomorrow. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. If you're in the way of that hurricane, you know what we think.
Starting point is 00:47:54 Peace out all. Have a great night. Bye bye. This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episode. or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Every day the headlines shipped, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing.
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