Investor's Edge with Gary Kaltbaum - Big Time Split

Episode Date: May 22, 2023

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

Tax season has arrived, and doing taxes without the right help can feel overwhelming. Intuit TurboTax is here now to guide you through it with confidence. Match with a TurboTax full-service expert who handles everything for you from start to finish. Your dedicated expert checks every single deduction and credit to help you get the best possible outcome so you can feel confident you're getting every dollar you deserve. And the best part? You'll see real-time updates on your expert's progress right on your phone while you live your life. Plus, you get unlimited expert help at no extra cost, even on nights and weekends during tax season.

Visit turbotax.com. Only available with TurboTax full service experts. Real-time updates only on iOS mobile app. Investor's Edge with Gary Cultbaum. 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 Kalpom, your host.

A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Monday, May 22nd, 2023. Hope you had a great weekend. If you're the Miami Heat and the Denver Nuggets, you had a great weekend. If you're the Celtics and the Lakers, and not so good. Then again, my Knicks went out early. And ladies and gentlemen, you know I'm a big believer in great.

As you know, I try to accentuate the positive on everything except. the politicians because they do nothing for the negative for the positive did you watch what happened in the pga tournament in case you don't know the whole story these club pros can qualify to get into the pGA it's one of the four majors a 46 year old club pro qualified and ended up playing four amazing rounds. Ended up top 15 where he can, he now gets to come back to the PGA next year. But his demeanor, his, what words am I looking for? Everything about him won people over.

When he was told on Saturday that he'd be playing with Rory Mackey, on Sunday, his reaction of a young person seeing their idol. And then he gets a hole in one where the ball just went on the fly into the cup. That's number one. And then on 18, he's dead. He needs to par the hole to be in the top 15. But he's already won everybody over and the crowd's going insane for the guy. He's dead.

there's no way he gets up and down from where he was. He hits the shot of his life out of deep rough to within, I guess, 10 feet. And on the last roll, the ball goes in, and the place goes nuts. It goes nuts. And then the bigger story, even after that, he gets interviewed. I'm going back. I'm going to be a club pro, and I've synced myself, wait a minute here. This guy is not going to be a club pro anymore. He's going to be beloved.

Or maybe eventually he gets an exemption for next week, the week after, an exemption for that. And my guess, I haven't heard anything yet. This dude's going to have an agent. He's going to get endorsements up to. Just remember golf. I don't know if you know how big golf is. It's, huge. He's going to get endorsements up the ying yang and just go look at some of the video, just a great heartwarming story in the midst of the storms that we're in. And it just took me. And, you know, Brooks Keppka walks up to him. You're buying drinks tonight. And if you don't know Kepkits' fifth major, very much injured the last couple of years, went to the LIV, got a hundred million bucks, and now wins his fifth, which is rarefied air. And I don't know the guy, but you can just tell he's just an ordinary guy.

He's just ordinary guy. You know, he just, you know. So that was just terrific because I mentioned the storm. so I'm not going to use any expletives. I'm just going to give you the straight. We have been lied to so often by our politicians on so many things throughout the years. Wow, are they supersizing their lies now to us? And of course, they have got the rating services to carry their water,

economists to carry the water with those lies. It's disgusting. And the republicans are just as bad. They're not telling you the whole truth either. It's on my website. I put it out. They can talk blue in the face all they want about this, that, and the other thing. Our government is growing from $4.4 trillion in spending the year before COVID to $6.8 trillion, a 50% gargantuan move.

and the Republicans act like, oh, look, we're trying to fight them. You know what the Republicans are doing? They want to cut it down a few pennies, which is meaningless. We have never had worse the Marxism, the socialism, the control freakism. It's so demoralizing. And the lot, you know, we had four years of Trump in his lying. and the Washington Post actually would list all the lies. They had a thing where they listed 10,000 supposed lies.

Joe Biden is making Donald Trump look like the most honest guy on earth. That is how bad he is. And I don't care whether you're on the right or left. Don't believe me. Go check it out. It is disgusting. what this man is doing to our future and the size of the government and the size of the economy. This Marxism, this control freakism to take over our lives in ways never expected with rules, regulations,

fees, fines, mandates, taxes, and control is beyond the beyond. Every one of those dimes is out of our hide. And the big excuse with the debt ceiling is, well, we spent it already. you know, we have to come. Well, why do you spend it if you didn't have it? Can you all do that? If you don't have the money, can you spend it? Well, you can use a credit card until you tap it out,

but then you have to pay it off or else. Not our people. We're getting so close. And the shame of it is this 350 million of us. How many of them? 435 in the House, 100 in the Senate, and administration. There's 350 million of us, and we can't stop them. They're crushing us.

And let me just tell you the end result. They're all going to retire or die. They're all going to just retire or die while they're doing this to us. And the journalists can't ask the questions that we would ask because they would lose their spot. President Biden, how can you say you're lowering the deficit when you're going to run a $2 trillion deficit with your proposal on record by far the most ever? Have you heard one of those? President Biden, you said you cut deficits big time the most ever. But it is a known fact.

It is all COVID-related, all that deficit spending that went away. How are you able to claim you lowered the deficit? it. Nope. You've been warned. But right now, big tech, software, semiconductors. That's the place. We'll keep telling you about it. Hopefully it continues for a while. We're just letting you know, it will blow up. We'll let you know when it blows up. the market does not hide blowups. We're not there yet. But you've already seen inklings of what government is done. The banks, government.

Central banks. Caused it. The bubbles? Government. The inflation? Government. That's the storms. 350 million of us and we can't stop.

535 plus an administration. We can't stop them. The greatest common. artistry ever. We voted in a lifer in D.C. that marketed himself as a moderate. He makes Bernie Sanders look like Ronald Reagan. By the way, that's not sarcasm. Up next, another divergent market wrap. 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 888-4-22-5-59. That's 8-8-8-5-59. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter.

In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat and it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.

Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dim or dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. 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 let me say Sorry to harsh your budget buzz a little bit But I have to tell you I'm watching them

I'm watching every word I tape the Sunday shows And listen to them and watch them It's sickening They're disgusting They're corrupt and they have no shame. They've spent $32 trillion more than they were supposed to.

Oh, no big deal. And worse than all is Janet Yellen, our Treasury Secretary. You know what her job is? Her job is to defend our treasurer. She's calling for global taxes. Hey, you want to do that? She said it's okay if we go to 50 trillion of debt. I'm not kidding.

She said that. Our Treasury Secretary said it's okay. She's sickening, disgusting, demoralizing. I'd say it to her face. Of course, with the first two words, nothing personal, you just suck at your job. And you were part of destroying the country. By the way, she was with Bernanke when he started the nightmare of printing money. And then she was the head of the city.

central bank for a while. She doesn't have a clue. She knows nothing. Her and her buddies is just a bunch of debt-laden control freaks. And we're paying the piper and it's going to blow up. And you do know we predicted the bubbles to occur, the bubbles to pop, everything we predicted based on sound logic. You think we can keep going with this trajectory? The people that caused all the problems are still running the show. I'm demoralized. And who's the chalk for the next president? Biden or Trump?

Two debt-lating liars. I don't think I've ever met two bigger liars in my lifetime. That's who's going to be the chalk. Oh, but Trump had good economic policies. Screw that. I want a mensch as my president. He's the opposite of a mench. he agrees to a CNN

Town Hall and she asks a tough question and he calls a woman nasty if I were how would I pop them in the jaw that would have been great TV a woman popping trump in the jaw for calling her nasty frankly if I was the husband

I'd walk on stage and pop them one here you go I'm a little demoralized after watching what I've been watching in the last couple days. By the way, they're going to raise the debt ceiling. You do know that, right? This would be number 79.

They used to fight over it. Joe Biden used to vote against it. Today's market wrap brought to you by Investment-Dashmodels.com. That's Jim Rohraback, one of the great market timers. No great areas with the man you're either in or out of the market with his proprietary indicators. Go check it out.

Investment-dashmodels.com. By the way, you're getting a lot of spam calls lately in the last couple of weeks. I'm the king of spam calls. I answer no calls now. And all my clients have my direct number. I have to now tell them, listen, call me. Leave a message. I'll call you right back.

The Dow was down 140 points. But the NASDAQ up 62, NASDAQ 146. Let me stop right there. You ready? Housing stocks look like their final. finally topping. Consumer staples. We mentioned this last week, look like they were done. Retail remains gross. And when I mean Procter & Gamble, slices through the 50-day moving average like there's no tomorrow. Nike in the Dow crumbled, crumbled. McDonald's. I noticed at the end of the day,

some of the restaurants, Starbucks breaks the 50-day, gaps down, breaks a bare flag. Cracker barrel, love their stores, which rallied up for a few days, smoke today, they do report tomorrow. The food and beverage, yum brands topped out too. Food and beverage, as mentioned, the staples. Hershey's, remember how I was talking so nicely about Hershey's for a while,

has rolled over. If it breaks the 50 even worse. A lot of jello moving on the plate is the best way to describe it. On the other end, Mega Cap Tech. Though Apple got a downgrade today. Software has been coming on.

Financials had a better... Let me stop. Software really coming on. You know all those bombed out, down 70, 80% from the highs? A lot of them rallying the last few days. We'll see if it lasts. I'm trying to measure it very tough right now.

Financials had a good day-to-day, though. J.P. Morgan opened up 2.30, finished down a buck and change, but every other financial was basically up. And as I have said to you, I ain't buying them, but the regional banks. We thought about a week ago, we said to you, felt like the selling was gone. and that it dropped for a day. Well, now it's rallying up a little bit. I am not buying any.

But we're just letting you know there's a little bid there after the crash. We'll see if it continues. Up next, more on these markets. This is the one known investors at. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions

you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut. health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where oh yeah, you know, I just have a stomachache every day or I'm constantly feeling like gassy. And all of those things are not something that generally if you have a healthy gut, you should be

living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. This is a one. once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation,

temporary, dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low,

Listen. So we sat there. Listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. So a lot of Jello moving on the plate.

They bounce the oils today a little bit. Okay, fine. And advanced declines were not so bad today. Small caps are up today. We're just letting you know in our universe of a couple of thousand names that we go through every day. We still think about 65% of them are in downtrends. Then there's a decent percentage in no trends. and then there are a percentage of trend up.

And again, mega cap tech, other tech, software. If you go look at the IGV, that's coming around really nicely. But on the other end of the spectrum, those staples that were doing well has rolled over. The XLP broke the 50 day to day. Housing, as mentioned. retail is just abysmal. You know, if there's anything we do for you, that makes a difference. One thing is when we tell you to avoid, just avoid this area in general.

And then you have other areas that they ain't going, most of the transports. Though not really hurting you, they've been, you know, back and forth for the last three months. but way off the highs of February. So we'll just take it as it comes. We're being asked, so what if they get through the debt ceiling and everything's a-okay? It gives a crap.

Of course they're going to raise the debt. How do we know this? It's what they do. What do are birds do? They fly. That's what they do. our politicians keep spending us into oblivion and keep raising more debt so it's going to happen when i don't know what point i don't know and the sickness i call joe biden this here's the amazing

part about this all the republicans are asking is some work requirements of 20 hours a week from able-bodied people under 50 years old in order to get and notice the word able-bodied if you not able in order to get welfare. The horror of it. But the sickness I call Joe Biden, who's a Marxist, control freak, wants to keep everybody down. Stay down. I'll send you a check. Vote for me. It's a sickness. It's an illness. The Republicans, they just want to slow the spending. They don't want to stop the spending. Just slow it. In other words, oh, we're going to still spend $6.8 trillion up in 4.4. But the sickness we call Joe Biden is out there saying that the Republicans are going to take food off your table and money out of your pocket.

It's gargantuan, gargantuan bull crap. It's just if he was attached to a lie detector, it would blow up. It would absolutely blow up. And the media sit there on their arses and don't ask. They assume. And they know, oh, I can't make him mad. I'll never be able to ask another question. Why should I represent the people of this country?

Even though that's my job. The defender of people, the journalists. So, yeah, they're going to pass the debt seal. I don't know what day. That's all. So there's your answer. How does the market react? Beats the heck out of me.

All I can tell you right now is 65% of the market is still in downtrends of differing levels with some areas crushed. All I can tell you, the regional banks feel like they're better here. Keep fingers crossed, nothing else happens. Financial's a little better tone. All I can tell you is retail's a horror show. Housing looks like it's topping. And money flows. Software, technology of different stripes and different size.

Semiconductors, though, they were relatively, they were actually up today, but nothing special. And a smattering of other stuff. And we don't think that's going to change based on the debt ceiling being passed. By the way, guess what happens after the debt ceiling gets passed? Oh, we'll have another debt ceiling down the road. And by the way, part of that $6.8 trillion, $380 billion is being given to John Podesta to dole out for climate. John Podest is a Democrat hack. Big Democrat, top-of-notch Democrat Politico.

They gave it to him, the handout. Who do you think is getting that? Yay. Yields up to 3.719, so we still ticking up a little bit, and that means mortgage rates are ticking up a little bit here. Oil prices bounced a little bit, no biggie. The dollar has been rallying up a little bit, but nothing special. The good news is every time it rallies up, it helps me when I go to Wimbledon next month. Yay.

And in case you don't know how the dollar works, and a lot of people don't, and that's not a rub on you. If the dollar goes up against the euro or the pound, it costs less of the dollar to buy that. The first time I ever went to London, it cost me over $2 to get a pound. I think it's a buck 25 now. I haven't looked in a bit. The euro, the first time I went to Europe, it's like a buck 60. We've been right around parity, give or take a little bit. bit on the euro, which means it's much cheaper for us to go over there than for them to come over

here. The Japanese yen has been getting crushed, much cheaper to go to Japan. That's how it works. And of course, we have told you if you want to know how our multinationals benefit or lose by a stronger or weak dollar, go look why. Just Google it. That's all. Strong dollar bad. weak dollar good believe it or not and that's a little bit of currency have I thrilled you yet and currencies have been all over the map because of our central bank getting in the way dollar to euro I'm looking at it right now let's go euro to dollar 108 it was at 98 it cost 98 cents to buy a euro in October of 22 but it's gone up to 108 still great pound to dollar i'm going to guess one 30

124 that's close and there's your currency and it's something you should probably know a lot of people don't and that's our currency of the day our earnings this week not a lot but enough that matter when I look at them lows Costco Gap, Alta Salon workday,

restoration hardware, Best Buy. NVIDI is the big matzabal, at least that's what everybody tells me. Yeah, I'd say so. Snowflake. Money losing

software, but people watch. Up next. Yeah, we'll figure it out. I'm Gary. This is the one to only investor. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter.

In this episode, we are diving into gut health with CBS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive.

We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness.

Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. One sweet, melty bite of a Hershey's bar and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I opened my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full.

Hershey's, it's your happy place. 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 Kaltba. I know what I wanted to talk about.

I told you that on this weekend, we did a little bit of sampling. Businesses slowed down in different places that I went to. From higher levels. Went to some malls, outlets, restaurants. and just a little, asking around. Small sampling,

but think it's meaningful. Yeah, it's slowing down. We also get a lot of emails from people in different industries, and we always want to hear from you what is happening in your industry. We're hearing a lot of slowing down. I heard from some landscapers that business fell off a cliff. I heard from construction people, business in trouble.

We'll see. Small sampling. Small sampling. In case you did not know the consumer 65 to 70% of the economy. As I have stated, savings rates have plunged. Credit card usage is skyrocketed to a record at higher interest rates. Very high interest rates. If not paid down.

I have never paid a dime of interest on a credit card. You should not either. I always pay it off every month. So we got a little bit of that, especially some of the restaurants I spoke to. Slow and down. Auto dealerships. A little more inventory than normal. And you know how you know things have changed?

Watch your commercials. What has happened with interest rates? They've gone up. You know what I'm noticing on a lot of auto commercials here, at least in central Florida? Zero percent financing. Why would they offer zero percent financing? To move cars. So we think a little bit of that is going on.

We'll keep you abreast of the situation. And one thing that has us, you know, the retail. stocks are a horror show. Now there are some other reasons for some of these to be down, but not all of them. You know the ones that were holding up were the sports? They just crumbled. Decker's Outdoor, that just crumbled. Lulu Lemon, that just crumbled. One name that's holding up is the LVMH, symbol LVMUY. Highest end stuff.

That's what's doing. Now, I didn't go to the mall and millennia here in central Florida. That's the high end. That's not your average person. And in case you want to know what LVM is, go look, watches, U-Blow, tag her, Tiffany, perfume, well, who needs, Whatever. You get my point. Watchers and jewelry. Leather goods. You're ready for this one? Louis Vuitton. Or as they say in the hangover, Louis Vuitton. Fendi, Gavanchi, Christian Dior, the highest end. I got news for you. That ain't going to cut it for the economy. So stay tuned. We're on top of it. And we're watching transportation very closely. Delivery. very closely.

That tells us a lot, too. We already had a blow up on UPS. FedEx report sooner rather than later. We'll keep you up to date. What else? Tim Scott, running for president, announced it today. South Carolina, I believe Governor DeSantis of Florida,

will be announcing this week. So the table gets a little bit more full. We're hearing Chris Christie. Ye of shutting down bridges in New Jersey may be running also. After that, I am unsure, unclear, but I suspect there'll be more. Whatever. Until somebody that's got some grapefruits to take a machete. to the size of government and the debt of government, which is our ass, not theirs,

comes in and does something about it, the eventuality. You know what we think. And due to the fact we've been right as rain, you may want to be listening to that. On the webcast tonight, we will isolate the topping in the housing. We will isolate the software names and some of the big tech on the other way. We will isolate the staples starting to break down, as well as a few other sundry things, and see what we can find. Nevertheless, there's some people banging their heads. Oh, how's tech doing this?

We just follow the bouncing ball kids. I got news for you. if it was fundamentals and valuations on some of these tech names, I wouldn't own them. But they're on the move, and we're very good at deciphering institutional accumulation versus distribution. Tomorrow, TV. Hmm, not sure. Sorry about that. But same time for radio.

You have a great evening drive carefully when you get home, do like we do. It's quite simple. Make sure you hug your family. Hug your children. They will feel better. You will feel better. I promise. No, really, big time.

I promise. Have a great one, everybody. Always appreciate your listening to us. And I mean that big time. Until tomorrow. Bye-bye. This has been Investor's Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

That's GaryK. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice.

Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusion supplies. See terms at Venmo.com. Me slash stash terms.

Max $100 cash back per month.