Investor's Edge with Gary Kaltbaum - Breakouts! [06.24.2025]

Episode Date: June 24, 2025

https://garykaltbaum.com/...

Transcript
Discussion (0)
Starting point is 00:00:00 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 cbs.com or just come by store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,
Starting point is 00:00:49 your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's nearing the end of June, 2025. Hope you're having a good day. Lots to talk about. Man, oh man, there is a lot of jello moving on the plate. There is a lot of news across the country and across the world. We will cover it all. But first, if you do not get this radio show in your city, we'll post it at garyk.com.
Starting point is 00:01:19 We'll post it on a Twitter feed, which is now X. And if you don't follow us on X, you should. And, of course, if you want to email us, just be nice. And in case you don't know, this is serious talk about everything that affects you. The economy, your job, your industry, Iran, Israel, war, nuclear war, and all that crap. Ceasefires, but their markets. And we hope you have been listening. We have been highlighting the better markets.
Starting point is 00:01:58 We have actually given you out certain numbers that if price gets, taken out to the upside. Well, we got a little bit of that today. But I want to first start out with the news, if you don't mind. We have been doing the markets right out of the get-go. But we want to do the news because it's so vital. Yesterday after the close, we heard there was going to be a ceasefire. And throughout the night, we're hearing more firing of missiles back and forth,
Starting point is 00:02:33 and we're wondering where is the ceasefire? But it looks like as of this second, this second, there is some sort of ceasefire going on. There are no missiles going up back and forth. That remains to be seen. I'd like to say I'm hopeful. Let me just state remains to be seen. The other big news, it is something that we have warned you. about. We have warned you about something called over-promising and under-delivering.
Starting point is 00:03:14 It is something we have told you about overselling. Do you know what that is? Well, we'll see how this plays out. Reports are, even though the president came out and said, our attack on their nuclear, obliterated them, destroyed them. That's it for them and their nuclear capabilities. We blew them up to smithereens. That part I'm paraphrasing. It has come out today. And of course, we'll find out in due time that the strike by the United States on Iran's nuclear program
Starting point is 00:04:05 did not destroy the core components of the nuclear program and only set it back a few months versus what the president said obliterated. We warned you that day or about that day. We're big believers here of underpromising and over-delivering. It's one of the things we taught our Sunday. here. So we'll see how it plays out. Let's hope these reports are wrong. But it's coming out of U.S. Central Command. Now, the Defense Secretary has come out with a statement saying their own
Starting point is 00:05:00 U.S. Central Command doesn't know what the hell they're talking about. I'm paraphrasing that also. We'll see. We'll see. We are just feeling better that Hezbollah is no longer doing anything. Hamas has been pretty much destroyed, and hopefully their nuclear capability by these scumbags in Iran is shot to hell. We just don't know at this point. We're just letting you know the big news. it's been a very eventful time we have said to you even before all this blew up it is the most news-driven environment we have ever been in and it is because and by the way this is not a put-down but I'm just letting you know it is because this president is quite the active president between the tariffs and God only knows what comes with that next because that 90-day
Starting point is 00:06:13 window is up July 9th. We'll see. But that's the big story today. The other little story I'm reading, and I have not confirmed it yet, is that maybe Lebanon, and somebody else may join the Abraham Accords. Interesting. That would be terrific also. Anyway, oh, from the press secretary, this alleged assessment is flat out wrong and was classified as top secret but was still leaked to CNN by an anonymous low-level loser in the intelligence community.
Starting point is 00:07:06 The leaking of this alleged assessment is a clear attempt to demean President Trump and discredit the brave fighter pilots who conducted a perfectly executed mission to obliterate Iran's nuclear program. Everybody knows what happens when you drop 14, 30,000 pound bombs perfectly on their targets. Total obliteration. Okay. Let's do this. Let's cheer for the good guys and let's hope it's correct. Interesting how it's always CNN that comes out with negative when it comes to anything this president does. I must tell you when the Nice ceasefire was announced, I turn it on, they look depressed.
Starting point is 00:07:54 Seriously, the people on CNN, they look depressed. Okay, we move on. So, ladies and gentlemen, the peeps, we have been simply telling you as of late, regardless of the news, good or bad, the market was set up to go higher. And what do we mean by set up to go higher? Well, we've always explained to you, in order to go higher, there has to be be a setup for it. What do we mean by that? Well, a stupid analogy, if you are in Miami on A1A and you want to go drive to New York, well, A1A is not going to take you all the way to New York, so you have
Starting point is 00:08:58 to go a little bit west to I-95 and then take you. turn north and that'll take you up to New York. That's the setup to get you to New York. Well, in order for stocks to go higher, they have to set up to go higher. What do we mean by that? Well, they just don't happen by accident. Prices have to, what we call stair step. And they set up in these patterns that have great success from them. And we call them, flat action? What does that mean? Oh, things trading between two points for a good period of time and then break above that range. What else is another setup? The stair steps. Up three steps, back one and a half. Up three steps, back one and a half. In other words, trend up. Well, we've been telling you recently, the market had rallied up because the president got rid of the tariff, so we have V-shaped up.
Starting point is 00:10:04 and things have been better. What has been missing is a lot of new yearly highs. That's because of all the damage that was done. But we had said to you that the indices, the big indices, were getting close. And if they did indeed move out of range, that's going to bring a lot of stocks with it. And yesterday, I believe the last two days, we actually gave you some physical numbers. that if the indices break above that range, it would be very good news.
Starting point is 00:10:37 And today, we got that. Now, does that mean it's going to be successful? What we mean by that, are we going to get continuation? Is it going to continue to go higher? Well, we'll see. Odds favor? It works, because when you see indices, which are a lot of stocks, that strength.
Starting point is 00:11:04 If they tuck their head in like a frightened turtle, that'll be another story. But the S&P, NASDAQ, NASDAQ 100, will go through the numbers up next on Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investor's 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.
Starting point is 00:12:10 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 complimentary portfolio review. The number to call is 888-4-22-559. That's 888-4-2-2-5-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. 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. Luckily, things are a lot easier these days, even screening for colon cancer.
Starting point is 00:12:48 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, 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 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 does not confirm the absence of cancer. Patients with a negative test result does not confirm the absence of cancer. Patients with a negative test result does not confirm the test results should discuss with their doctor when they need to be tested again. False positives and
Starting point is 00:13:48 false negative results can occur. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to Verdict with Ted Cruz on the Iheart radio app by clicking the attached link today. Paid for by Truth and Courage Pack. Not authorized by any candidate or candidates committee. Truth and Couragepack.com. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, On Dex loans up to $400,000, make. it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews. On-Dec delivers funding you can count on. Apply in minutes at on-deck.com.
Starting point is 00:14:24 Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On-Dec does not lend in North Dakota all loans and amounts subject to lender approval. 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. So, the first number on the S&P 500,
Starting point is 00:15:10 the high of the last couple of weeks was 60.59. Well, we closed at 6092 today. We broke above that. Where is the next stop? Well, the big one. The old highs of February, which is six. 61.47. So good day for the S&P. We'll get to the numbers in a minute. The NASDAQ needed to get above 19,800. We gave you that number yesterday. We finished it 19912 today. So we moved above it. Does that mean it sticks? No. But odds favor, there's a good chance it will. The NASDAQ 100. we gave you the number
Starting point is 00:15:59 and that would have been 22-0-4-1 we closed the 22190 today strong move today and interesting enough NASDAQ 100 did that strong move without Apple it was down a buck and change
Starting point is 00:16:14 and it's still having trouble the Dow well as we have told you we're not giving a lot of credence to the Dow because it's much weaker than everything, and that's because of United Health, which is down about 2,000 Dow points
Starting point is 00:16:33 with all the trouble they have. But even the Dow had a strong day today and is trying. And we'll go over the Dow names in a little bit. But the Dow is up 507, the S&P 67, NASDAQ 281, NASDAQ-1304, transports 277, advanced declines were good.
Starting point is 00:16:58 The Russell 2000, almost above range. Keep in mind the small caps are much weaker than the large caps, and we've been telling you that forever. Strength today. The banks, the financials, the semiconductors, what did we tell you about the semis? If the socks breaks above 5302 closed at 5441, almost up 200 points today. a huge move and what do we tell you is the two most important areas of the market
Starting point is 00:17:40 well it's the semis and the banks slash financials so they had a really good day today does it guarantee further no what do odds favor probably we take it day by day here on top of that you just get it more participation, good leadership, good tone. We do know tomorrow's another day.
Starting point is 00:18:09 We do know anything's possible. But in order to go higher, you have to move higher. Duh. In order to go higher, you've got to keep breaking above certain levels. And I will tell you, if we break into new high ground, a chance for some decent smooth sailing to the upside, That is how it works. New highs usually beget new highs.
Starting point is 00:18:36 That's how it goes. New yearly highs, J.P. Morgan in the Dow. Closed at new yearly highs today. All-time highs. Goldman Sachs, no but getting close. These are of import. Big time. And even some of the weaker financials,
Starting point is 00:19:04 woke up. State Street Bank. That's at New Yearly Highs. That's just an investment manager. These are the type of things we want to see. And then the semis, just a nice, strong day, pretty much across the board. Broadcom got upgraded today. It was up a 10 bucks. Good chart in there. Nvidia is still lagging but trying trying to get to the old highs. ASML Holdings broke above a bottoming range today with a little decent volume. And I can go on and on in Semiconductorland.
Starting point is 00:19:45 KLAC, up 32. Just good, good stuff. Good, good stuff. And of course, as things get better, the new high list picks up. That's where your leadership is. Economically sensitive stuff. Strong.
Starting point is 00:20:06 United Rentals has been weak. That moved above some resistance today. That's an important name to us. Caterpillar, our second most important, moved above some resistance today. This is what we want to see. If anything changes, we'll let you know, but very good day and what some of the outcomes today. Unbelievably, oil prices down another 350. they're down like 13% from yesterday. Unbelievable. And you know what that tells me? The rally up
Starting point is 00:20:39 in oil in the previous five or six days was the bet big, big trouble in the Middle East. And now, oh, they're not touching the straight of Hormuz. And oil prices have cratered the past couple of days. And I must tell you, surprise, surprise, surprise, if you ask me, that is stunning. Best way I can put it.
Starting point is 00:21:15 Stunning. Oil prices, that far down that quick. Then again, it was that far up that quick. Let me repeat. There are no guarantees. Moving above range. Not a
Starting point is 00:21:30 guarantee, news-driven environment, who the hell knows what's next? All we can tell you, ceasefire had futures up, then they're bombing each other again, and futures didn't come down. That was pretty weird. What else? So oil stocks were weak today, recession resistance stuff was weak today, you know, the food beverage and all that, gold was weak today. but I did notice gold held back right at the 50-day moving average.
Starting point is 00:22:08 That's the place it would hold, just like Bitcoin yesterday held right at the 50-day moving average. These are vital areas of support levels that markets, stocks, sectors seek out on pullbacks, and if it's going to continue to be a bullish phase, they hold, they take turn up, and away it goes. So I'd like to complain. It was just a good day. And if we can take out the old highs, even better.
Starting point is 00:22:47 We took out a little bit of resistance. Actually, we took out some important resistance today. Needs to stick the landing. As I look at my weak, screen had a good day. If the weakest names are coming on, that puts a floor under the market. So, I repeat, tomorrow is another day, but very nice day today. Up next, what else? And whatever, 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.
Starting point is 00:23:43 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 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,
Starting point is 00:24:23 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 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.
Starting point is 00:24:49 Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court. Subscribe to Verdict with Ted Cruz on the Iheart radio app by clicking the attached link today. Paid for by Truth and CouragePack.com. On deck is built to back small businesses like yours. your buying equipment, expanding your team, or bridging cash flow gaps. OnDEC's loans up to $400,000 help make it happen fast.
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Starting point is 00:25:40 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 gonna feel better if you talk to him And we're once again to Investors Edge
Starting point is 00:26:15 What else The 10 year yield down again today Good And as we said oil prices down again Big time today Very good There's all this talk by the president that Jay Powell sucks and he's a horror show and needs to be fired and he's an idiot and he's a moron
Starting point is 00:26:44 I abhor the president acting like me I can come on this show and call Jay Powell a moron the president of the United States should not but then again what does he care what I think anyway we're just letting you know the president is in the wrong There has been nothing wrong with what J. Powell has done lately. The fact that he has done nothing is actually a good thing. Why? Because the market says so. He's at 4.5%. The 10-year yield is at 4.29. Now, can he cut? Does he have room? Sure.
Starting point is 00:27:33 But the president, the United States, was saying he should cut two or three points down to basically zero percent. That's insane. And let me tell you, if the president hires somebody who kisses his butt next year, and this guy comes in and does his bidding, what Donald Trump's going to do is bring back the 8, 9, 10% inflation, because that's what caused it, the inflation. It was J-PAL printing to 9 trillion bucks. The President of the United States does not have a clue,
Starting point is 00:28:11 not a clue, about what drives. the bus. And if I had his ear, I would say, Mr. President, don't piss on prosperity. The markets are calm. The markets are stable, and we're talking bond market. This is good news. Too much of him could cause distortions. If you want him to cut rates fine, but it is insane to cut down to 1%. You are going to cause all kinds of trouble when you've fight the markets. Remember how right we were. When Jay Powell was fighting the markets, as the 10-year yield was spiking, and he sat there like a doofus, and he and Janet Yellen and Joe Biden, there's no inflation. And then it showed up, and they told us it was transitory,
Starting point is 00:29:13 while the markets were screaming at them. And guess what he ended up having to do? Play catch up. We don't want to get into that position again, and I can tell you, President Trump will put us in that position again if he brings somebody in, that is not independent.
Starting point is 00:29:38 And we'll just do everything he says. I get it. Presidents want the easiest money possible. Easiest money possible always causes big, big problems. Look what it did in 2008. It almost took down the financial system. Look what it did in 21, 22. Massive inflation. It will happen again. of course Even if I had his ear We'd tell me to go screw
Starting point is 00:30:19 Why? He thinks he's omnipotent He can do no wrong Ego We all have it Well Let's hope he remembers He caused the market crash
Starting point is 00:30:34 Because of his tariffs Which Hopefully Never come back again But back on the market It's very good day. No complaints. Next thing up is they're trying to get the bill for July 4th.
Starting point is 00:30:58 The big beautiful bill that sucks. It's big, all right. Massive debt and deficits as far as the eyes can see. Oh, well. I'm pretty sure they'll end up passing something. We'll end up going to $50 trillion of debt, as I've said time and time again, let's just hope the bond market
Starting point is 00:31:20 never wakes up and says, holy, you know what, and all of a sudden we're seeing 10% mortgages. And do not think that won't happen. It could. What else do we see today? As I mentioned gold, I think it's just range-bound in good stead,
Starting point is 00:31:42 held where it needed to hold today. Foreign markets, which were getting weak, they're coming back on. If you go look at the emerging markets, EEM, really good day. And I got to tell you, I'm going to write that down as I sit here, ladies and gentlemen. The FXI, which is China, pretty good day also. I'm writing that one down also. By the way, the Israeli market, New Yearly highs, while they're being bombed.
Starting point is 00:32:17 Quite interesting. We live in quite the times, ladies and gentlemen. And we're getting email after email. How is the market going up with all this going on? And we just say because it wants to. Remember, oil prices plunging, yields coming down. Markets are usually happy with that. Then you have this AI trade, which is,
Starting point is 00:32:50 come back to life after crashing into April. And that is also of help also. And I must add, we've had some hot IPOs come out, gets the juices flowing. So that too is going on right now. And by the way, you put back the 2,000 points for United Health. And I can safely tell you that that would be near highs also. But of course, everything does count. In fact, yeah, just about the highs.
Starting point is 00:33:30 Everything counts, though. In the Dow. Big moves in the Dow today, American Express a little bit above range. Goldman up 15 bucks, as we mentioned. Visa bounced. They have to get hit recently on some news. That was up 7 or 8. Salesforce.com.
Starting point is 00:33:52 Very weak software stock up 7 and change. Caterpillar 6. but Apple down again Dang Apple is a real weak stock that is a big wow then again
Starting point is 00:34:10 valuations up in the trees and growth they just very tough to grow businesses at that level and there's been a lot of talk what is Tim Cook did differently what has he created he's just more and more iPhones
Starting point is 00:34:28 anyway that's a weak stock and we don't own any on purpose because we don't own stocks that are in bare markets or in downtrends with bad relative strength we only want to own great strong stocks with great strong earnings and sales it is a rare occasion when we de-rength when we deal from that. Very rare. Aftermarket FedEx is the only thing coming out. And their numbers weren't very good.
Starting point is 00:35:12 Stock's down $10. And FedEx has been a weak stock anyhow. Let's see. Yeah. It's been very, very weak and won't have a good morning tomorrow. Not a lot of earnings this week. I believe Mike Ron is tomorrow. We'll get a General Mills whoopi-do and a paychecks.
Starting point is 00:35:31 anything else this week oh Nike later in the week that's a down name and that's a company that needs lots of help probably the worst that United Health is worse but Nike is gone in the last year
Starting point is 00:35:50 well by the way the all time high was December of 21 at 179 it's $61 now yeah don't worry just think long term. Isn't that what they tell us? What do we tell you? Think long term. Just make sure what you own is working long term. Up next. What else? News of the day. Much more. This is the one only investors' edge. This message is brought to you by Colagard. If you ever printed out directions
Starting point is 00:36:42 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 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 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.
Starting point is 00:37:17 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.
Starting point is 00:37:38 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. Do you still trust the corporate media? I know I don't. Get the real facts, the inside story behind the scenes in the Senate and the White House and the U.S. Supreme Court.
Starting point is 00:37:58 Subscribe to Verdict with Ted Cruz on the Iheart Radio app by clicking the attached link today. Paid for by Truth and Courage Pack. Not authorized by any candidate or candidates committee. Truth and CouragePack.com. Cashflow crunch. On-deck's small business line of credit gives your business immediate access to funds up to $200,000, right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat, with flexible draws, transparent pricing, and control over repayment.
Starting point is 00:38:24 Get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready.
Starting point is 00:38:45 Now! Action! Investors Edge With Gary Culpa. And welcome once again to Investor's Edge. Winston is sitting right here asleep while I'm doing the show. As we've told you, Winston's now 13, has aggressive cancer. But he started, he had that two and a half years ago, three years ago, and he's been great.
Starting point is 00:39:28 But I can tell you he's not able to hear as well now. he sleeps a lot more so I'm paying a lot of attention to my Winston you know all you dog lovers and I have dogs this dog is my shadow everywhere
Starting point is 00:39:47 I go if I take three steps he takes three steps in stop stops if I take 10 steps 10 steps in stock hope he lives to 20 I know that's not happening in the news well
Starting point is 00:40:06 we have warned you in the past about SPACs, special purpose acquisition companies, a lot of scams, a lot of bull crap, a lot of losses. People became billionaires foisted that crap onto you. Do you remember they all started merging with electric vehicle companies and they never even produced an electric vehicle vehicle, just a bunch of scumbags. Oh, well, we're not going to say this one's a scumbag, but you know Alex Rodriguez, right? He did a SPAC called Slam Corp. It raised $575 million. It's down to $4.4 million. After three rounds of redemptions, now Slam is suing its merger target, breached its obligations.
Starting point is 00:41:02 What do we tell you? These SPACs got a lot of scumbags. involved. Just letting you know in the news. In the news, I'm sure you're seeing a bunch of lefty Democrats. We can't stand any of them. I got to tell you, Federman amazingly has become the normal guy. He's Mr. Logic.
Starting point is 00:41:33 Anyway, you see how they're all complaining? Just remember they're full of crap about Trump. doing what he did in Iran saying it was unconstitutional, they're full of crap. Bernie Sanders, full of crap. Chuck Schumer full of crap. All of them full of crap. Do you know Barack Obama dropped 26,172 bombs in seven countries during his eight years? And there was not one single vote in Congress on that? In fact, at the time they said it was nuanced foreign policy, just that's in the news for me. We just want you to remember this.
Starting point is 00:42:28 We just want you to remember this because it nauseates the hell out of us. You would think maybe, maybe during this time, just back it up. You don't have to praise. Just shut up. but no, lie to the American public, just like you've been lying to him for years about the debt and the deficits and the spending by your wonderful Joe Biden. Straight of Hormuz. Just so you know, the Iranian parliament did approve the closure of the Strait of Hormuz, but guess what happened? Just want to make sure you know what's going on.
Starting point is 00:43:19 China told you Iran, you're not shutting the Strait of Hormuz. Just so you know, China is very generous to Iran, and Iran knows that they can't piss off China, so they did not close it and believe me they wanted to. We're just letting you know how things work. In fact, China made the announcement from their foreign ministry that the Strait of Hormuz will not be shut down. Just letting you know how things work out there. China's got, you know, whatever. I did also want to mention Bill Clinton bombed Afghanistan and Sudan, Bush, well, you know, Bush and Iraq. I can go on and on. Have a memory. Remember, these liars in D.C. are in hopes that you're not paying attention, and you're
Starting point is 00:44:26 don't have a memory. Last but not least in the news, the mayoral election, I guess the primary tonight, do you know there's a guy running that he may be ahead in the polls over this guy, Cuomo, and he's calling for getting rid of police. He's totally, total anti-Semite, racist anti-Semite, wants government-run supermarkets, No, no, no, really. Government run supermarkets.
Starting point is 00:45:00 Government run everything. You know how people are called socialists, Marxists? This guy is a communist. And I mean that. And I don't use that as a pejorative. And he's leading Cuomo. That tells you how unpopular Cuomo is. The guy's a communist.
Starting point is 00:45:23 Or it also tells you what kind of morons are in New York City voting. go read this up because I got news for you you get a communist running New York City which is a big engine of this country holy crap-a-matic all I know is he's leading in the polls as they go to tonight
Starting point is 00:45:46 and that is all by the way Obama authorized 542 drone strikes killing an estimated 3,797 people including 324 civilians no Congress I just like telling you these things. Because just remember, they don't give a crap about you.
Starting point is 00:46:12 None of them do. And that's how you get the $37 trillion of debt. Go into $50, $60, $70, $80, $90. But back on point and circling back, just good day in the market. I'll take one day like this every month. That would be nice. Until tomorrow you'll have a great evening drive carefully. Hope you've been writing down those numbers.
Starting point is 00:46:37 And 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. I promise they will be well. Thanks for joining. Peace out all.
Starting point is 00:46:46 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. 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.
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