Investor's Edge with Gary Kaltbaum - A start? [03.25.2026]

Episode Date: March 25, 2026

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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. Glad you here, ladies and gentlemen. Happy that you are listening.

25th of March. It's Wednesday. 2006. I'm getting old. By the way, you know how I fight this? This morning, I wake up. up, seven sets of chest, seven sets of biceps, two sets of traps, three rounds of jacks, jumps, and knees, all before I even wake up. And I double it tonight. I'm going insane shape. I mean,

I'm already in pretty good shape. But in case you don't know, I'm going to let you in on a secret. it gets so much freaking tougher as you get older. So much tougher. Now, twice a week, I'm at the gym. By the way, this is our exercise part of Investor's Edge today. I do legs because that's what you lose a lot of. I do, by the way, I squat 400 and I do leg extensions. I'll do 15 sets of that twice a week.

You got to keep your legs strong as all hell. I must tell you, I try doing the Stairmaster. I got to work on my win. That's my next big thing. I can go for like three minutes on the Stairmaster, you know, those step things. And then I'm, so that's the next big thing I'm working on right now.

My advice to all of you, as you get older, stay in freaking shape. I'm telling you. It goes fast. It goes quick. You have no idea. Anyway, again, that is our exercise section of investors. Hey, in case you don't know, this is serious talk, whether it's exercise or not, on you that everything that affects you, the markets, the economy, your job, your industry, wars, tariffs, corruption.

Ooh, we got a good response from yesterday. And if you don't get this radio show in your city, we'll post at GaryK.com also at our X feed. Follow us on X, put our name in on the Biz TV YouTube channel and podcast apps. And if you'd like to email me, you just got to be nice. Do you know I have people that completely disagree with me, but they're nice and respectful because I'm that way back. Unless you like Hamas, then we got a problem. Okay.

So, first let me give you some general thoughts. when the market opens up big and gives half of it back by the clothes, usually I'm on here saying to you, that's not great, that is distribution, probable worry signs. I'm not going to say that today. Here's what I am going to say.

Software continues to be a nightmare. Even with the NASDAQ up 167 today, it was up over 300. Adobe, Salesforce.com, Microsoft, Oracle, SAP. We're all down. Those are the big five software names, which means Autodesk, CrowdStrike, Palo Alto Network, Snowflake, Viva Systems, HubSpot Spot was up 13 cents, Workday, Service, they're all down. They can't find a friend. And what it does is has me.

I'm doing a deeper dive because all I keep hearing is artificial intelligence is going to kill the software industry. And I got to tell you, I don't know about the industry. It's killing the stock still. Let me tell you, when you are these institutional-type favorite names and you are in brutal bare markets while the indices are down between five and eight, it's telling. So just letting you know, wow, a crappy day for software stocks again today and absolutely positively complete avoids. Complete avoids. Week remains a lot of the retail. I got a few retail names that act well.

Five below raw stores, T.J. Max. And Burlington looks like it wants to break out. But I have a ton of them that are just weak. Housing, weak, very weak. Just a lot, just a lot. A week. A lot of them bounce today, but anemic bounces. And what do we mean by that?

Well, something down 20 and it rallies up one, and it drops on 10 million shares and it rallies up on one share. A little hyperbole there, you get the point. financials. They bounced today a little bit. By the way, Morgan Stanley was down, PNC was down, U.S. Bankrupt was down, Apollo was down, Ali Financial was down, Berkshire was down, Jeffries was down, KKR was, anyway, with the Dow up 300. So, there's just a lot of areas that are just weak. Oil was down a little bit today. They bounced, you know, little cruise line airlines. But something, you know, sticks in my craw today that I have to mention and that is as you know the president said something about something that wasn't true again no really any of you believe anything he says any of you don't have to at this point verify really you want the list we won the war my favorite ones by the way is we obliterated their nuclear

and they couldn't have nuclear for another 10 years. And then at the start of the award says they have two weeks to get nuclear. You do know that the Democrats are putting those videos side by side, just so you know. Anyway, what has me is that oil, which has been a defining force. The USO opened today at 109. and finished at 1.13 and change. So they gapped it down nicely, but bought up throughout the day. We're going to be watching that closely.

That is one of the defining forces, along with interest rates that have spiked higher recently, but we're lower today. Anything else that really bothered me today? Well, again, you know, we open up, we're up 600. finish up 300. The NASDAQ was up like 320 or 330, finish up 167. Yeah.

I'd like to say micron break in the 50-day bothers me, but it's not as of yet. Yet a few things get hit today, but LIT for 24 bucks, Sandix for 24 bucks, but I've seen that before. In fact, Sandus today, 630, was down $64 and finished down 24.

So that really doesn't bother me. The same areas are strong, and that is the artificial intelligence, data, storage, memory, building, construction, energy types. I have not, there have been a few that went by the wayside a long time ago, but the crux of them are still off the highs today, but all above the imperative 50-day moving average, some secondary semiconductor stocks were breaking out to the upside today. And when I mean secondary, not mainstakes, V-Go instruments, V-E-C-O,

earnings down 18, down 14, down 22, down 41. So deceleration, stock broke out of a one-year base today. By the way, with good volume. By the way, we're not telling you to buy sell shorter cover. We're just making a statement. So just letting you know, and a couple of down and out semis arm holdings. Well, they announced today, well, we've been nothing more than licensing of chips, but we're now going to create a, I don't think they said artificial intelligence chip,

but something to the effect of data chip. The stock was up 16% today, up 22 to 157. I didn't see any news on AMD. That looks like it turned up off the low today on a little better volume also, and both of those have been on the very weak side. So the semiconductors had a good day today, off the highs, but back to the 50-day moving average, that's vital. and it just seems every time they look to get in trouble,

the nasty gets staved off. That's what it seems. So in the realm of the great stuff, I just don't see anything breaking down, except for Micron. Break the 50 day, and that's not the death knell. That's really the only one. If we get more, oh, I'll be yelping.

Hey, up next, More on the markets. News of the day. Oh yeah, yesterday. This is the one only Investors 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 888-4-22-559. that's 888422 55559 that's 888 422 55559 investment advisory services offered through coltbaum capital management 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 cult bomb it doesn't get better than this by the way I get emails every now and then that I have Trump derangement syndrome. As you know, we have truth derangement syndrome, just so you know. We believe the ones that ignore all the foibles, you got the Trump derangement syndrome.

Since Friday, we have gone from you at 48 hours to meet our demands or we're going to destroy you to Monday morning. Let's have a five-day window. back to you at the end of the week, be nice about it, to, hey, let's have a one-month ceasefire. Oh, by the way, Iran said, ain't happening. And then we'll send in our U.S. troops. That's where now. We're actually sending U.S. troops over there, by the way. And I don't know what that means, what's going to happen.

They better be careful. We are 1,000 percent behind the president and our military. We just think they have miscalculated all the way, and you know that by now. Okay, a few tidbits. The national average for gasoline is officially up a dollar from 25 days ago. So if you have a 20-gallon tank, you're spending $20 more. That is what's going on right now, whether or not. I think it's probably got a little bit more to go.

and again, I don't know if oil prices worsened here or not. Other tidbits. U.S. new home sales continue to drop like a rock. Just letting you know. Like a rock. Like a rock. Tidbits. For the first time in history, the U.S. Postal Service is announced.

announcing an 8% fuel surcharge on all packages. Just letting you know. Little tidbits. Tidbit, the Mag 7th, all double-digit drawdowns now. Apple, NVIDIA, Google, Amazon, Tesla, Mehta, and Microsoft. They're all down more than 10% from the highs. Now, as you know, we include eight broadcom is in there also, and that's more than 10% also. So that's not good news either.

The amount of homes, the amount of homes for sale are at a record. Sellers versus buyers are at a record. that's a little tidbit for you. Tidbits. What did we warn you about? And we're good at this. You know that, right? Nobody believed us when we were on with Neil Cavuto on the Friday before the Tuesday of the election Trump against Hillary Clinton. And I actually said, do not count out Trump, even though what was she up by, six or seven, which should have been a landslide. And do not forget, against Biden, I'm on this show stating, you better be careful. This is going to be close.

You better be careful. And Biden won. And of course, we thought Trump would be Kamala. Well, our major prediction of the midterms is a slaughter of the Republicans. And it's based on, you could say it's the war now, or you can say it's oil prices now, or whatever. What did we tell you? It's demeanor and it's optics. That's all.

You know what we mean by demeanor. You know what we mean by optics. You're not getting the women vote when you call it. woman piggy. You're not going to get the nice people vote when you say somebody's retarded. Two people dead in Minnesota. You're not going to get the, you're not going to get a vote for that and deporting anything that moves. And you know what I mean when I say that. You're going to lose the Latino vote. And that's what's happened. And when you are not a free market person, you're going to lose the independence tariffs. So we call the slaughtering, and just so you know, they just lost the Republicans. Iowa, twice, Arkansas, Mississippi, twice, Pennsylvania, Florida, twice, Georgia, New Hampshire, Mississippi.

Different state senator seats and things like that. And not only that, Trump's, where Mar-a-Lago is, a Democrat. You have a Democrat mayor in Miami now. They are going to be rolled in November. Rolled in November. Both Trump endorsed candidates in Florida state special elections lost. Two state seats in Florida flipped Democrats. Florida's been read.

And as I said, the Palm Beach District that Donald Trump won by 11 points where Mar-a-Lago is in 24, bye-bye. You are going to have two years of impeachment, and boy, are they going to be calling up people via subpoena like there's no tomorrow? Which takes me to my last point. Yesterday, at the outset of our show, we talked about the scam trades done before Monday's announcement by the president, shorting oil and longing the market. and we're telling you that's an insider that had information. The trades were too big, too much put up. Nobody would have that type of great fruits to do that. I'm letting you know, number one, it is now gone mainstream. It's gone mainstream.

All the major outlets are now reporting it. Even some outlets that are friendly to the president are reporting it. It's in every newspaper. It's on every website. You name it. They are covering it. The White House was asked about it. Cush Desai, the spokesperson,

that suggestions that administration officials may have been profiting baseless and irresponsible. Well, he may be right. But up next, what's the big issue? It's called Fairplay. We'll explain that up next. And then the rest of the show will hit the markets. This is the one only Investor's Edge.

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. He's a Cinderella boy. With Gary Coltbaum. Highly recommended. You're going to feel better if you talk to him.

So, you're the White House, the head honcho, top dog big cheese, leader of the free world, head of the military, number one crime fighter, and 15 minutes to a half hour before you make a major announcement on war and national security. that without a doubt would have oil prices dump and markets better. Someone makes a big gargantuan bet on shorting the oil and long on the S&P. Before the market, and you're the White House, and you don't care? By the way, we're not accusing anybody, we're not accusing a Trump, but this has to be, somebody in the know. And I'm just thinking two things. Number one, if I'm the White House, and I don't know anything about this, I'm pissed off. And number two, I make one phone call. Let me know where these trades were done and let me know who did them. Because all you have to do

is call regulators and they're on it. But they have no interest. Now one would Say well they're showing no interest What are they trying to hide Are they trying to hide something Well I sure hope not But doesn't you piss you off That they don't care

And as of now no investigation It should I had one email from somebody Gary you spent nine minutes or whatever I spent on this We just want you talking markets. That was talking the markets. Somebody taken advantage of our markets and our fair play. Imagine if we let everybody do that.

And nobody gets in trouble. So we're just letting you know. From me to you, they, this White House may not investigate. Oh, come January when the Dems take over. The people or person that did this, they better be in the outer parts of Mongolia where they can't be extradited because they're going to be found out next January.

I'll guarantee you that. And let me hope. Let me be the positive guy. It was not an insider and it really was just somebody doing something and thinking this is the president's modus operandi that come Mondays, which he did with the tariffs also after Liberation Day, is a change of the mind. I hope that's what it is. I don't want to believe anybody's criminal.

But dang. Let me finish up with this word. Again, dang. Dang. Anyway, inflation remains problematic. Just so you know, the import price index for February was expected to be flat with January at 0.6, but it came in at 1.3, the highest since April 22nd. The export price index was expected to fall a tick from January's 0.6,

but came in at 1.5%, the highest since June 22nd. we're going to be watching the 10-year yield very closely. It did come down today because oil prices pulled back. We'll be watching closely. I promise. But the rest of the market still mushy. The worst bounce today. Software stunked up.

Anything that stuck out like sore thumbs. As I said to you, there was some secondary semiconductors actually breaking out. Some pulled in, no biggie. There was some news about memory that artificial intelligence is going to affect that also. So initially, they were selling, as I mentioned, sand disk was down 64, finished down 24, C-gate Western Digital were down. They still finished down, but way off the lows. So not a biggie. The big indices still,

now just a tad below the 200-day moving average. You've got to get back above that crap. S&P definitively below. The Dow definitively below. The NASDAQ very much below. And the NASDAQ 100, same thing. A couple of good days can resolve that. but that would just only put your back in the midst.

So plenty of work to be done. My assumption continues to be, oh, we're going to get out of this war soon. That's my assumption. Why? Politics. Well, first off, we kick their asses. Our military is unbelievable.

The president says we destroyed their navy and their missile, but there's still missiles going up. But I gather a lot of it's been cooked. And again, I'm pretty sure if I had a guess a couple of weeks, we're going to get out. But what that means we don't know, why? There's two entities now. There's two entities.

And Iran is far away from here. Very far away. It's not like Venezuela right underneath us. us. We'll keep fingers crossed. Anything else that stuck out today? There's not a lot of earnings this week, not much going on. It really is about oil prices, where we're going with this. I must tell you, I was wrong on one little thing today. It didn't affect me. Defense stocks were up today. I'm thinking, you know, if oil's down and maybe we're getting closer, defense stocks will get hit. No, they were up today. Just overall, it's just a lot of mush.

Mortgage rates back above 7%. I believe we were just under 6%. Am I correct? Yeah, I think we were under 6%. I remember seeing 585? Not good. That's not going to help the housing market. And as I said to you, my goodness,

the amount of homes for, say this is the buyers market and as I tell you every day I'm on zillow and realtor.com and I get automatic updates from certain cities on realtor.com and you know what the updates are new listings and prices dropping I'm getting prices dropping every day from a ton of homes in a ton of areas in Florida and that's how it works there's one country club with 30 homes for sale, 30. And do you know what that means? They're in competition with each other. And do you know what that means? They're going to have to keep lowering prices in order to move the merchandise. That's how supply and demand works. There are people predicting disaster in the housing market.

We're not predicting disaster like we did back in 2007. And boy, that was a doozy. I don't think I'm seeing that, but I do think normalization. Just remember, these drops is a normalization of the Yutz J. Powell that has caused all this. Remember, this all emanates from his taking the 10-year yield down to half percent by rigging the bond market, by printing to $9 trillion, taking all that money and buying the bonds up to take it down to a half percent, giving you 3% mortgages or less, having people say, screw that, I'm not selling and buying a home with a higher mortgage. And of course, forcing up prices because nobody wanting to sell.

And now, a lot more want to sell, prices come down. Up next. Yeah, we'll think of something. Oh, yeah, I need some help. This is the one only investor's edge. 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 Culper. Okay. I need help from an annuity, annuity, tax accountant genius.

Here is the scenario. Imagine you inherited an annuity from somebody. And it was not a retirement account. It's a regular account. And you decide, and they tell you over a certain amount of time, and then you have to shut it. And then that time is up, and you take the whole annuity. Well, how are you taxed? I'm sure, and I read, you're not taxed on the distribution.

It's a regular account. you are taxed on the gains in that annuity. So in other words, you put in 100 grand and it's now 200 and you, boom, you're going to pay taxes on 100. If it was all a retirement account, oh, that you're paying, you know, because you had the tax advantage from the get-go and you've got to cover that. So here's the question. you go to the annuity company and you ask them to give you some sort of a composite of what's gains and what's not and they don't know. Is there a possibility they don't know what the gains are? Because I guess the annuity that the person had was for like 20 years.

and then a person died a few years ago and they said five years, you have to take it out, done, capish. So somebody emailed me and they're running into that, and I'm not smart on this stuff. On the annuity stuff. I just Googled it and it said, if it's not a retirement account, you are only taxed on the gains,

but if the annuity company can't tell you what the gains, were, how the hell are you going to, and what are you going to pay taxes on? And they got the distribution thing. It said, here's the distribution. And then it said taxable amount. And I believe it said something to the effect of not, I don't know if it was not available or something like that, or did not know or something like that, something like that. So if you are a genius at this stuff, email me at gary k.com. Oh, taxable amount not determined. That's what it said. Taxable amount not determined. And it was a total distribution because the year was up. The years were up. And I guess there's a rule about you have to splat by that time.

And that's my ask. email me at garykhae.com or g callbom at callbomb.net if you know what the hell's going on. I'll figure it out in time and that's it. I mentioned software. Remember I said Google yesterday was breaking down big again? It was up 49 cents today with the NASDAQ up 167. So that's troublesome. And you're just not getting any umph.

from the big names the only one is dell that was up another seven bucks today as they got i'm told since super micro everybody's going to jail they're going to benefit from that and so far it's sure as hell has happened del's had a very good week but just a lot of mush a lot of mush a lot of mush. A Bitcoin bounce today, but remains in a bare market. I told you yesterday some doofus went on TV and said, oh, it's acting well. And I'm thinking to myself, if I was interviewing him, I'm going to say, wait a minute, it's gone from 125,000 to 70,000. That's acting well? What's acting bad? The guy again was talking his book, and just be careful of all that. there was the Yuts out again calling for 1.5 million by 2030.

By the way, sneakily, she's now dropped it to 800,000. But her high would be 1.5 million. Don't you love people? We only love certain people. Anyway, everything is going to be determined in the near term on oil prices. But let us not forget before the war GDP 7 tenths of a percent Lost eight what 90,000 jobs in the month prior

Inflation was already picking up yields were going higher This is before the war So stay tuned There was a lot of ifiness Before the war And I just wonder if them tariffs Which are tax hikes

What's doing the job but I also do believe this artificial intelligence thing, that may be at work. I'm not 100% sure we'll know in time. But I just wonder, we hear from a bunch of companies recently, oh, we're letting loose 4,000 people, and we're going to be able to replace them with artificial intelligence. I don't know how you do that, but they are.

And we're hearing it. It's in a lot of, in consulting, we're watching stocks like Intuit get slaughtered. And all that crap. We were asked about this ruling today on Netta and Google and all that and kids and all that. Ladies and gentlemen, if you don't know that that Instagram and some of these other things are addictive, I can't help you because they are. They got you. You know, I was on my computer last night looking at cruises.

I went on my phone on Instagram. They were shooting 100 different cruise companies at me. A few months ago, somehow I got a video of a car crash from a dash cam. I looked at it. 15 minutes later, I got 50 of them. They got you. I guess that's their business. Anyway, you have a great evening, drive carefully, and when you get home, do like we do.

Quite simple. Make sure you hug your family, hug your children. They will feel better. you'll feel better. I promise they will be well. And I don't have TDS. I do have truth derangement syndrome. Have a great one, everybody. Good night. This has been Investors 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.