Investor's Edge with Gary Kaltbaum - 70% TROUBLE

Episode Date: April 4, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by store. We can't wait to meet you. Store hours vary by location. Investors 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 day. Thanks of being with us today. Glad you hear, ladies and gentlemen, happy that you are listening. It is April 4th, 20203. And lots going on. Let me do the short version, ladies and gentlemen. It's very simple. A lone district attorney that campaigned on him going to get Donald Trump has indicted Donald Trump on 34 counts with most of it overlap on one or two things. But that doesn't matter to me. What matters to me most is the equal justice. First off, Let's talk politicians. Can you name all the politicians that have ever been indicted for anything? You got to think about it, right?

You got to look it up, right? Now, let me tell you about some politicians. Well, first go get the book, throw them all out. That was the name of the book, right? I forgot who wrote the book. I know his name. Hold on. Throw them all out by

Peter Schweitzer. In that book, he highlights just the criminal activity going on D.C. By the way, on the left and the right, it's a book going back years. The criminal activity in Washington, D.C. by our politicians, here's the problem. It's not considered criminal activity there. only if we committed the crimes that they commit, would we be indicted and go to jail? So the equal justice for politicians, just on that note, it's bull crap. And you don't really need me to go through all the crap.

The Republicans and Democrats and their insider trading, knowing what they're going to vote on and how they're going to vote on legislation, how it's going to come about, and they're buying and selling stocks right before, if I worked for any company and knew what was happening in the company, and I bought and sold stock based on my knowledge, I am indicted, I am convicted,

I'm gone to jail, paying back all the money I made, and fines. That is the norm. in D.C. headed by the chief Nancy Pelosi, who they've actually put out a Nancy Pelosi trading system on the web because of how good she's been with the trading of stocks. But no mention. No investigation, no nothing. Why would that be? Because both sides do it. I mentioned to you, Ilhan Omar, you know, one of these Marxist, anti-Syssin. Semitic Jew-hating, Israel-hating,

ass clowns. She took $3 million out of her campaign approximately and gave it to her husband's business. That's paying yourself your campaign funds. That's booking your own campaign funds.

Go look to see if there's a law against that. Not in D.C. Because wait a minute, hold on. He worked for the campaign. Oh, Okay. Now, I can sit here for a few hours and go through a laundry list of the criminal activity in D.C. So back to Trump, I'm not commenting whether he's guilty or innocent.

He may be guilty. But the indictments are now out, and there was nothing more there that really stood out. And if I am corrected, I will let you know. Here's the other part of equal justice. This same DA, go look at it. up has changed a crap load of felonies to misdemeanors in New York. He's lowered the bar. And may I state for the record, not on white collar crime, but on crime crime. Go look. Yet they're now going to charge an ex-president going into an election from a DA who said, I'm out to get him with a felony. Now, you're going to be hearing from both. sides. One side's going to say it's bull crap. The other side's going to say, yay! We can't stand the

guy, but we know what equal justice looks like. This ain't equal. It's laughable. And the left even knows it too. I don't want the guy to run for president. I don't want him being my next president, but we have no agenda alternative or bias here. We tell you exactly what we think. This is a con job. to you by a horrible district attorney who puts criminals first in his own jurisdiction over the citizenry time and time again so i just wanted to start with this why these are people that are part of running the country that are doing these things seriously these are people that are running the country doing these things and don't take my word for it go read up

and of course you have the other ass clowns like Marjorie Taylor Green comparing Trump to Jesus Christ today she gets the vote on our future too yay so again I have never been more optimistic on most of us

I have never been more pessimistic on all of them every single one of them nauseates the hell out of me and they should nauseate the hell out of you and I do believe the president's going to speak at 815 tonight. Gee, that should be fun. But you know what pissed me off more today than anything?

They preempted General Hospital for all this. I love my General Hospital at 3 p.m. Excuse me, 2 p.m. here in Orlando, in late in the day. Well, guess so I will just have to watch it tomorrow. Anyway, that's my take on the whole thing. It's, you know. And just remember. If this was the other way around, the left would be pissed and the right would be applauding.

By the way, there's already people who are putting articles out. I'm reading about, let's see, career criminal William Rowland, 30 years of crimes under his belt, and he just lets out every time. Rodney Johnson has gone to prison twice, nearly 90 arrests, but was let go last week on one dollar bail. No, we're not making this up. Here's Isaac Rodriguez, 50 different arrests, led out every time. Why I'm going to continue? Anyway, you get the point. Equal justice. There ain't any. And may I state for the record, don't ever piss off a corrupt DA. Trump did. Okay. That's that. In case you don't.

don't know this is show about you and your money and everything that goes along with it, the job, the economy, the people run in the joint, and our job is very simple, simple, to make sure you are not in bare markets. That's first and foremost. I want to make sure that you are not in bare markets. What? Huh? Gary, I keep hearing we're in bull markets. well they're lying so in our effort efforts to make sure you are not in bare markets we got some things we got to cover today as you know as we have rallied up we have taken pains to say to you but this area that area this area that area this sector that sector this sector that sector are in bare markets avoid yesterday we set

to you. Hey, OPEC did this thing. Oil stocks popped up above the 50 day. We'll take them off a void, but we're certainly not buying them. There's a lot of work to do. And we'll let the jury be out. We'll know soon enough. Oh, they hit that right back down today. Up next, we are going to start with what to avoid because it's getting accentuated. I'm Gary. This is the one only investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. 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, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-9. that's 888422 55559 that's 888 422 55559 investment advisory services offered through call bomb capital management for many men mental health challenges aren't recognized until they've already taken a toll work pressure financial stress changing relationships and traditional expectations around masculinity can quietly wear men down often without clear warning

science. In Season 3 of the Visibility Gap, Dr. Guy Wynch and his guests explore how these pressures show up, how to spot them earlier, and how men can access meaningful support. Listen to the new season of the Visibility Gap, a podcast presented by Cigna Healthcare. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate. With 30 grams of protein and 10 grams of collagen peptides. It helps support healthy hair, skin, nails, and joints, and a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay vital. Visit VitalProtene's.com and get started. These statements have not been evaluated by the

Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. 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 and welcome once again to Investors Edge okay so we're gonna be a little bit repetitive but accentuated repetitive accentuated notice the big word accentuated to the downside areas we've been telling you to void we shall accentuate okay number one We have been telling you, for starters, economically sensitive stocks.

What do we mean by that? You know, the ones that kind of sort of benefit from a real strong economy. Machinery, the farm machinery, the caterpillars and dears, things like Illinois Tool Works, Masco, United Rentals, things like that. They crushed them today. What do I mean by crushed? United Rentals down 30 to 359 today. And let me explain by Accentuated.

A lot of these names have already been in bearish markets of their own. They took another leg down today. While we've been watching the market, market do better. And volume was double on United Rentals, URI. A Parker Hanifan, that's industrial machinery. Oh, down 19 today, 5%. How about acuity brands? What do they do?

Lighting products? Down $20 today, 11% on 388% increase in volume. Or, well, I don't even say, Carlisle Company. That's been the bare market for the last nine months. Well, I can spend a while going through a bunch of these names. I'll do one more. How about Snap-on? Snap-on tools.

Down $10 today. And not as bad as the others, but the strong names, good topping process being put in. So that's economically sensitive. You know about the financials. In case you don't know, in this little rally up, the financials have not. and when I mean they have not doesn't mean they haven't bounced up a little bit but that's just a matter of

down 15 up to when you have a chance go look at the regional bank KRE you finished almost at a closing low of this crash as it rolls over don't worry they're only regional banks

now you say but don't worry they're telling us oh the big banks well no if you look at the XLF, which is stronger than the KRE, it's still in what we call bearish patterns. Barish, the big banks. But it's not just that. It's the, as I said, regionals.

It's the European banks, the Japanese banks. That was strong. Some of the credit card companies, you know the bookies. How about the black stone and the black rock? Blackstone looks like it's bare flag, black rock going no place fast. So the financials. So just economically sensitive and the financials. What else have we been telling you?

Oh yeah, the airlines. They're just bare markets. That's all. Bare markets. And maybe rolling over from lower levels. And if the airlines are doing that, I can tell you the hotels are no great smacks in here either. bearish the cruise lines not good so let's call it all the travel related type stuff and then there's the transports we've already told you about the rails Union Pacific CSX the truckers

J.B. Hunt and the other transport there are others you know like Ryder C.H. Robinson Worldwide, they are bare market charts, bare market patterns. They never came out of it. What else? Landstar. That one's stronger than most, but topping also. So there's a bunch of transport types. What else are we been telling you?

To avoid. Well, we've been telling you the oils until yesterday where we just said, hey, they gaped them up on the OPEC news, but it's news. They got smacked down today. especially the refiners. So nothing to do there. And very bad day. Go look at Valera and what they did to that today. So one day wonder, we're not done.

What else did we told you to avoid most commodities? Not gold and silver because gold and silver and now silver catching up. They crushed steel stocks today. Go look at SLX. It's the NYSC Steel Index. And may I just state for the record, that's how bare markets start. And they came after famed names like New Corps. Absolutely blasted today.

End on volume. Steel Dynamics. Blasted today. That was a strong steel name, not anymore. And other commodity types will call it metals and mining. Avoid economically sensitive, which is a lot of different things. because Caterpillar, horrible, horrible pattern. Horrible action, deer, horrible action, floor, horrible.

They crashed that one. Agco, another farm machinery, toast. So there's more. Look what I'm able to do. And by the way, they accentuated the bearish action today in all these. areas they just made them worse and amazingly new yearly lows on the NASDAQ more than two times the amount of new yearly highs and it's actually more than that because a bunch on the NASDAQ are non-operating stuff oh I'm not done insurance

stocks have just melted down I think I got one name that held up I think it's progressive that's held up but from all state at the A's to W.R. Berkeley and the W's, they've crushed the insurance stocks. I ain't getting any better. So I watched somebody asked today about the market. Oh yeah, it's really a good bull market. And I'm like, what are these ass clowns saying? Do they not even work at it? Oh, that's right. They're looking at an index that is chiefed by nine names. That if they get those nine names, look out below so much BS in my business unfortunately up next what else to avoid thanks to being here I'm Gary this the one only investors edge for many men mental

health challenges aren't recognized until they've already taken a toll work pressure financial stress changing relationships and traditional expectations around masculinity can quietly wear men down often without clear warning signs in season three of the visibility gap dr. Guy Wynch and his guests explore how these pressures show up, how to spot them earlier, and how men can access meaningful support. Listen to the new season of the Visibility Gap, a podcast presented by Cigna Healthcare. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate.

With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints, and a smooth, ready-to-drink, shake. So your afternoon reset actually sets you up for success. Vital Proteins. Stay vital. Visit VitalProtteens.com and get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease.

By the time I hit my 50s, I'd learned a few things. Like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk. the hard way talk to your doctor or pharmacist today sponsored by gs k

you're listening to america is talking investors edge he's got to be pleased with that the crowd is just on his feet here he's a Cinderella boy with Gary Colbomb comes highly recommended you're gonna feel better if you talk to okay what else we have been telling you to avoid managed care but yesterday they got big dollars from the government oh that's right the taxpayer. They had one day bounces and that's it. We'd still avoid. And there's something like Cigna, brutal bear market for that stock. Now, Eumato was up nicely yesterday, much stronger than Cigner, but nothing doing and the same for United Health in the Dow. So certainly not bull markets there, a little bit of recovery, can't go further than that.

autos, not Ferrari. Ferrari stock is strong. Autos and auto dealers. Bare markets. So just stay with me. Economically sensitive, which covers a lot of things and industrial machinery, whatever. Financials of all stripes.

And by when we say financials, banks, regionals, investment banks, lenders and the like, insurance. The transports, pretty much all the transports. and in the transports as rails truckers and you know logistics and stuff like that travel related airlines hotels cruise lines yuck couple of the uh china gaming stocks on the strong side though we'll give it that energy strong gap yesterday on opec they gave a ton of it back today remains in yuck autos and auto dealers managed care farm machinery metals and mining, which includes steel, copper, aluminum, and the like. You know, commodities. You got me?

Because we're not done. Retail! Now, not all. I can tell you that Academy Sports has been strong, except they dropped it four bucks today and maybe not as strong. What's my problem? Why I'm not buying it earnings down 11 down two down three well little better this quarter but sales minus seven minus six minus six minus three doesn't do anything for me uh dick sporting goods sporting goods have been on the strongest side no argument there uh deckers outdoor the ugs strong and then i go look at ooh the gap Nordstroms Coles Targe

Which at least It stopped going down The last bunch of months After dropping like a rock And I can just go through a laundry list Or retail stocks that Remain avoids Home Depot and Lowe's

They bounced them up a little bit The last few days But No uptreants And there's different retails You know There's all kinds of retail There's a best buying in the electronics

Barish There's a Burlington Which I never understood how they rallied it up But now in a downtrend after rallying it up Or pool What do they do? Pools, bare market Or restoration hardware

What do they do? Hardware, bathware furniture Bare market We don't need to go into bed bath and beyond By the way, in case you didn't know It's 35 cents You want to go buy that at 30 bucks again on a short squeeze Go right ahead

you are welcome we screamed at you back in August stay the hell away it's 30 I didn't even see that I knew it was a buck but now 35 cents and then there's all the growth names that never really got going

that remain a voids and you know the names we've talked about them a thousand times the PayPal's, all those names, the squares. So I just want you to think about this because Apple NVIDIA and Microsoft have contributed to 91% of the S&P move this year. Apple, NVIDIA, Microsoft, Facebook, Tesla, Amazon, Google, Salesforce.com, and AMD have contributed to 160% of the S&P 500 gains. Nine names, 150% of the S&P 500 games.

And here's the problem with that. Apples, last quarter earnings down 10 minus 5 in sales. Nvidia, last quarter earnings, minus 33 and minus 21. By the way, that was an improvement. Facebook, 52, minus 52 and a minus 4. on minus 98 earnings, a plus nine sales, a deceleration. You get where I'm going with this? Google, minus 19 earnings plus one sales, AMD, minus 25% earnings.

And these are the companies that have helped the market so much? We're not saying that their earnings and sales aren't going to recover. We're just letting you know how hellaciously narrow it has been with so many areas just sucking wind and so many names. All I kept thinking about today is, man, if they get these nine names with everything else being so weak, the good news, they didn't do it today. In fact, in a very rough day, a few of them were up today, and we'll explain the market up next. There is some good stuff. It's just not broad, and it's worrisome as we move forward. And if I was to categorize what's not working, everything that has to do with the economy.

The economy. What did we warn you about six weeks ago? Out of nowhere, we said to you, we're going to time this. The job market. Well, they came out with the jolts today. You know what the jolts is? Much less than expected. That's job openings.

Under 10 million for the first time in ages. you know what that means the job market's starting to loosen up a bit not sure if it gets real bad but we're letting you know we think we're even on the timing of the job market we may get it right it was about six weeks ago when boom we just hit you in the forehead and we did our little dissertation you better be a go-to person at your firm just in case you know there's a lot of companies daily right now that just knocking off. And of course, if we go into a real recession, I will guarantee you there's going to be more of that. Garin damn teed, unfortunately. So make yourself not expendable. Just remember that. We mean business here on everything. We cover everything.

You got that? And the joltz. I believe it's job openings. I know S is the survey. L.T. Joltz. Job openings. Do I dare look it up? Labor. Job openings and labor something survey.

I'm going to get it before this shows off. By the way, it was small, but we said to you, We're going to probably take the over in the NCAA game last night, and our preference would be Connecticut. We didn't bet the game. We just bet the over, and we won, and actually during the game, we thought we were going to lose because the other team couldn't put up anything for a bunch of minutes, but fortunately, they went over. And congratulations to Connecticut. As we said, we thought they were the team of a tournament. Early on, why I bet small on Miami in the final four is, that was just dupist me.

But congratulations to Connecticut. They actually had eight losses during the season. I've got to look that up to see how many teams have won the NCAA with eight losses. I bet not many. All right, we've got to do today's market wrap. And then whatever. I'm Gary. This is the one only investor's edge.

For many men, mental health challenges aren't recognized until they've already taken a toll. Work pressure, financial stress, changing relationships, and traditional expectations around masculinity can quietly wear men down. Often without clear warning signs. In season three of the visibility gap, Dr. Guy Winch and his guests explore how these pressures show up, how to spot them earlier, and how men can access meaningful support.

Listen to the new season of the Visibility Gap, a podcast presented by Cigna Healthcare. When energy dips, your reviving routine deserves more than a quick fix. Reach for vital proteins, collagen, and protein shaking chocolate. With 30 grams of protein and 10 grams of collagen peptides, it helps support healthy hair, skin, nails, and joints, in a smooth, ready-to-drink shake. So your afternoon reset actually sets you up for success.

Vital Proteins. Stay vital. Visit VitalProtene's.com and get started. These statements have not been evaluated by the Food and Drug Administration. These products are not intended to diagnose, treat, cure, or prevent any disease. By the time I hit my 50s, I'd learned a few things.

Like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop. it, but I did. The painful, blistering rash disrupted my life for weeks.

Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSC. You're listening to What are we waiting for? Well, what are you waiting for? One, two,

ready, go. Action! In the Gester's Edge. With Gary Culpa. But da, by the way, as we always say, we take no joy in ripping Washington, D.C., and all these people, but they've earned it in a big way. We would love to be able to Marr to come back. I guess the DA did a press conference. I'd like to come back and believe, okay, he's on to something and he had every right to do this. I'd love to do that. I'd love to praise these people, but they all suck. The one that acted like he was above it all Joe Manchin, he sucks worse than all of them. You always got to be wary of the soft, spoken. We're down the middle, you know, we're just trying to do the right thing.

As he signed off on a $1.8 trillion bill that he now says, they lied to me on. You know that, right? Joe Manchin is out there saying that Joe Biden lied to him. And that if he would have known better, he would have never signed it. Wow. A politician lying to another politician. Never thought that would happen. and now 380 billion of our tax dollars is given to a democratic hack for climate and we'll never know where it goes but we do know a lot of friends of that party are going to get very wealthy in the next few years with no accountability or oversight I hope the

Republicans get all power just for that anyway today's market wrap is brought to by the investment dash models.com. That's Jim Roback, one of the great market timers. No gray areas with the man you're either in or out of the market was proprietary indicators. Go check it out. Investment dash models.com. The Dow was down 198. But I got to tell you, I mean, it's happened a couple of times recently. The Dow rallied like 80 points in the last three, four minutes. It was down like 270. Nasdaq only down 63. The NASDAQ only down 63. The NASDAQ, was down 104 at, oh, in 10 minutes, 104 to only 63. Cut through the last hour and a half of drops in like minutes.

Not so short chains playing field. S&P down 24, NASDAQ 100 down 48, the socks down 58, transports down 255, advanced declines were terrible. Just so you know, and I said this early to my peeps, the advanced declines were terrible. When the NASDAQ was hardly down, they finished down 1,200 to 3,000 today. Normally you would see the NASDAQ down 150 to 200 on that, but guess what? Google was up a little bit, Amazon was up a little bit, Adobe was up a little bit,

catching the drift, Oracle was up a little bit. A select few names doing the trick, which has me saying to, and I want you to listen carefully. Listen up. If the market, for any reason, loses these select few names, all this talk about bullish and indices, going to go buy-bye on nine stocks and a few others. But that's really what's happened here. It's that rough. The NASDAQ 100, the top seven names are 51% of the NASDAQ 100, the other 93 or are only 49%. It's amazing. I believe Apple and Microsoft may be just two names, like 15% of the S&P. They better pray they keep going.

And here's the worry here. We've always talked to you about this word parking. Parking. What is parking? Well, when institutions de-risk, they will park their money and what they believe to be is the most liquid easy to sell stuff out there. And guess what that is? The big stuff.

And I can tell you Apple was parked into from July to August. And we'll see if they're doing it this go-round. And you know how we'll know earning soon. We'll see. So it could have been a lot worse than the indices, but a bunch of things are masking. Next up, I got to read this to you. U.S. Treasury Secretary Janet Yellen, the IRS is going to release its strategic operating plan for spending the $80 billion in the new funding in the spending bill that Biden just got passed.

You know what it's for? What they're calling fair enforcement. And it's expected to reduce deficits by hundreds of billions of dollars over the next decade. Do you know what she's actually saying? We think if you make too much money, you're a bunch of freaking crooks, and we're coming after you. This is what a government official thinks of people of wealth and success. Think about that. Biden has said it out loud.

Oh, this is only for the people about 400,000. You're cheaters. Oh, Gary, he didn't say that. Oh, yes, he did. And they don't even use the words, we know most of you don't cheat, but we're not. We will catch the cheaters, which is actually what he should be saying, no. General statement, that's what socialism and Marxism and control freakism is. Rules, regulations, fees, fines, mandates, penalties, threats, and giveaways.

They are professionals at it. And now they're going to give the IRS a bad name. They're going to make the IRS the fall people, the fall guys. You've got to say people these days, right? even though 99.9% of the people work at the IRS just do their jobs and want to do them well. It's the people, the political people that suck. And on that note, this could be a good scan tonight. You have a great evening drive carefully.

Tomorrow, we're going to cover a symbol called AI that dropped nine bucks today to $25. Why? Because we were asked about it 300 times in the last two weeks. Until tomorrow, how to have a great evening, drive carefully when you get home, do like we do. It's simple. Make sure you hug your family. Make sure you hug your children. They will feel better.

You will feel better. I promise. Thanks for joining us, people. Love you. Honored by you. Bye bye-bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

That's GaryK.com. Success starts with your drive. and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.

You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. By the time I hit my 50s, I'd learned a few things. like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did.

The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today, sponsored by GSK.