Investor's Edge with Gary Kaltbaum - CHOPPY [08.18.2025]

Episode Date: August 18, 2025

https://garykaltbaum.com/

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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, I'm your host.

A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you're listening. It's Monday. It's August 18th. It's 2025. Hope you having a good day. Hope you had a good weekend.

In case you don't know, right off the bat, it's serious talk on everything that affects you. you, we'll do the markets, the economy, your job, your industry. What's going on with this Russia, Ukraine? How will it affect things? Tariffs, debt, deficits. You name it, we'll cover it. And if you don't get this radio show in your city, we'll post it at garyk.com.

We'll also post it on our X feed. And if you don't follow us on X, you should. Also, the Biz TV YouTube channel. And if you'd like to email us, all you got to do is be nice. Because we're nice back. We really are. You can agree with us. You can disagree with us.

We will be nice back unless you say you like Hamas. Ladies and gentlemen, let me just, for the record, we were going to give the show to Adam this week. But therapy for me is to do the show. I pretty much canceled all my TV this week. The past two days, I think probably two of the most draining days I have had emotionally in a very long time. My father is in the hospital and he's that way.

And we're now going to be putting him into a home hospice. That was the recommendation. And we agreed in case that, I guess they can call it like end of life. but they did say it's still your decision if you want and something happens you can definitely call and they'll go back to the hospital. But their goal, as they say, is that for him to be comfortable, it's just very tough to see. And I stayed with him. about 18 hours over two days and I got one smile and a little response

and he was talking about the giants a lot but pretty much to himself and the age is really taken over and I have to tell you I think I said this to you when my mom passed in the Thanksgiving last year heartbroken but relieved at that time because what was going on. And we got a lot of emails. I wasn't sure if I was going to get some hate mail and everybody completely commiserated

because a lot of you have gone through the same thing. My father's 93. I constantly look up the average age of a male in the United States. It's 78. So, so thankful. And really not until the last, well, in the last month, really downhill, but not until the last three to six did it start to get real troublesome before that? You know, he was old age. Anyway, just let you know.

And I just, I'd rather talk to you than sit around. Why not, right? So we are here. We'll talk everything we need to talk about and take it from there. And in advance, we have thanked you for all your well wishes and emails and your stories. We're getting a lot of stories about your life and your experience with your parents and loved ones. And it's been a big help, a big, big help. Okay.

Now, that's that all said, and we started off in that fashion, a couple of things I wanted to bring up because I'm no General Patton. I'm no Norman Schwartzcoff. I've never been President of the United States. I have never been the Secretary of State or Secretary of Defense. But I do call myself Mr. Logic. and if you've been listening throughout the years, our logical voice has really worked out pretty darn well. We predicted Trump to beat Hillary Clinton.

We worried about Trump losing to Biden. Remember that? We weren't sure what was going to go, and we thought it would be close, but everybody was thinking one way, and we said, don't be surprised. And then, of course, we predicted Trump to beat Kamala Harris. And also, we've also logically walked you through a lot of important events out there. And one thing that's going on right now is Russia, Ukraine. And it doesn't really have much.

Well, I take that back. It could have something to do with the markets if it really gets out of hand. Could have some, maybe a little bit to the economy based on commodities and things like that. So the big story is the president met with Putin. And the hope was ceasefire apiece. And I got to tell you, to the president's credit, God bless, he got all these major European leaders to come to the White House today. And they're in there right now in talks. And the goal is to try and figure out and hammer out something with Russia so we can get off this Russia-Ukraine war.

There's one problem, as Mr. Logic says. You're dealing with a man that kills his own people. Poisons them, has him thrown off buildings. Anybody who disagrees goes missing. And you're also dealing with somebody that invaded another country. And he can talk the reasons why, and they were all BS, but he invaded another country. And now there is talk about. How? Well, we'll let him keep what he took. But that's all. And I'm just thinking to myself, and I'm just, listen, this is almost cartoonish to say.

Imagine if Canada swooped down and invaded, what's right there, the North, Minnesota maybe? How about if they invaded Minnesota? What do you do? You get my point? And of course, there's variables. They can't afford the war. been giving them a lot of money, so what do you do? I know there's a lot of variables, but I think the president and everybody else is forgetting what they're dealing with here. In case you don't know, this guy doesn't want to take over just Ukraine, he would like to take over a crap load of stuff. Poland, he would. And I just worry that if you give an inch, you know the old line if you give an inch and what's the other part of the equation? Well, you have the guy running China really wanting to take over Taiwan and you have North Korea, South Korea. I can go on about all the thugs

that are out there. So what if you give license to somebody who just because he invaded a country illegally, you're going to give him it? So that's where I completely disagree with the president talking about having to do this and that. I would go tell him to F himself. And then you know what I would do? I would get together with these countries. And you got, look, you got some might with these European countries. You know, I know there's a lot of political cartoonism of them and stuff.

But no, no, no, they got some might. Imagine if we all got together and told Putin to go screw himself. And you do one more thing. By the way, in case you don't know, Putin bombed Ukraine last night, the day after they met with Trump. If that's not a middle finger, I don't know what is. So I hope it works out. Listen, I am given the president unbelievable credit for getting all these leaders there because maybe that is some pressure on if Putin sees these or maybe he doesn't even care. So we'll see how it plays out.

Right now, it's just geopolitical. Of course, people are dying. And by the way, Putin doesn't come out all his soldiers that are dead. There's different body counts of his soldiers, but supposedly it's up there. So we'll see. Quite interesting. Zelensky's there also. My favorite one there is Maloney from Italy.

I dig her. I think she's a great leader. But all of them are a little bit kooky on what's going on. with their countries with immigration and stuff like that anyway so that's a little bit of that i just wanted to start with it because it's of note it's going on and mr logic just wanted to speak his mind on it because i think they're all missing the point about what they're dealing with and a deal is only as good as what's on the other side of the table yeah we'll see all right markets notice the segue A couple of things. When you see today that the market didn't move and it really didn't move,

don't be swayed. There's a lot of things underneath the surface that I think are of potential imports. That will be up next on 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,

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That's 888, 4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum,

or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points.

Look for in-store tags to earn on eligible items from Celsius, Body Armor, or I, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply. See website for full terms and conditions. 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. By the way, flying back and forth from the northeast of Florida right now,

you just set your time clock two to three hours late. I mean, just, and by the way, it's just, you know, nothing you can do, weather. I saw some flights last night that were coming to New York that actually circled around two or three times just to waste some time. because they couldn't land because the weather came in and then it let just too i got to bed at two a.m. last night getting in very very late what can i tell you by the way one other note

before we get into markets scott sheffler wow huh domination on the golf course domination like we haven't seen since that other guy who was pretty darn good All right, so whoopty do the Dow didn't move 34 points down. The S&P was flat. NASDAQ was six points. NASDAQ 100 was 1. Transports were 13. Advanced declines a little better than, oh, thunder out there.

A little better to the advanced side. But I'm just letting you know you may want to write these things down. And whenever we say to you, something may be starting or, Remember we said to you we thought that housing was potentially. We love that word potentially because when you were dealing with tariff this and tariff that, you just don't know. There's just a lot of moving parts. But what we just try to do is look at pattern recognition, we call it.

And the housing and housing related looks like stage one, which is the bottoming process after a bare market, It is reverted into stage two, which is somewhat of the ascending. To what extent we don't know how long. And I've seen plenty of times where areas or stocks bottomed, started rallying, and maybe rallied for a bit, and that was the ascending, and just hit the wall and rolled over badly. I've seen that plenty. So we're always on top of it. But just letting you know, for start is the housing.

next is the small caps. As I have told you last year, the small caps teased quite the few times. We attempted twice and got stopped out twice, small, no big deal. But we were hopeful and just died pretty quickly. Right now it feels like it's got a little bit of the bid. and when we go through names and things like that, that's going on right now. We'll keep you up to date on it because it has really been dead money.

The Russell 2000 is trading where it did February. I take it back. Yeah, February of 21. Four and a half years of no gains. And that's representative of 2000 stocks. and by the way that's after this rally at the lows you ready for this

at the lows of the Trump tariff crash at the lows it was trading at really March of 2013 I take that back

2014 no 2013 12 years at the lows I take it back again. I get my bearing straight. I apologize. Let's call it 2000.

Gary, you see what happens when you get into 2 a.m.? 2018. I was looking at a different low. Glad I fixed that up. I also want to add that we're pretty good about telling the market by things breaking down. How many things are breaking down? How many sectors are breaking down? How many names are breaking down?

That's what we're constantly on the lookout doing. And in the recent past, we have told you that, oh, look, some of the software. Oh, look, big banks had a bad day. And we can go on. You know about United Health and stuff, which got the Warren Buffett certificate, which got that. moving last week. Just letting you know, there's just not a lot in the way of big gigantic breakdowns except for the big blowups on earnings reports. And there's been plenty. And there's been plenty. Remember those software names that got smoked recently? And that's after a drop? They bounced back

in the last few days. Not all the way, but that tells me that underneath there's some defense in there. So in no way, shape, or form do I see any big danger in the near term yet? The big indices are trading above the 21-day moving average, had only one day below a couple of Fridays ago. And by the way, I sold down a little bit. and then we bought back a few days later a little higher because we wanted a good position in the

in the S&P and the NASDAQ 100 and so far so good watch those levels that'll tell you everything and you had a little pullback here the last few days I just am not seeing a lot of damage if that changes we'll let you know

and remember the semis on Friday Well, they smacked the heck out of the semiconductor equipment stocks. Guess what? No follow-through. Semiconductors were up today. Remember KLAC on Friday down like 70 or eight? It was up only 10 today. But it was still up 10.

Applied Materials was up. So again, just not feeling the nightmare yet. And as you know, we called it at the beginning of this year. We didn't know we were going to get a tariff crash, and we got out. We called the 22 top. That November, well, leading it to November, a ton of growth names were breaking down. And then November, good night, everything all at once. So we'll be ready.

And we know which areas will make the difference. And you know which ones, right? The semiconductors, the big banks. and leading growth names. That's typical. And if anything changes, we'll let you know. And of course, I can tell you that a couple of the exchanges today are breaking down. No biggie.

That, by the way, they're stocks. I can tell you that the ADP and paychecks have topped out for now, and especially paychecks, as well as others. but overall, just not feeling it yet. Up next, what else we see in? I'm Gary. This is the one only investors' edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines.

Yeah, it's why I came to IBM. I wanted the experience, the culture of building high. hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point.

How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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. www.edu. Hey, it's Ryan Sechrest for Albertsons and Safeway.

It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery.

Restrictions apply. See website for full terms and conditions. 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. Next. So, recently I told you that the solars were turning the corner. They just popped up big. Friday and today. Some government stuff, you never know. I don't know. Number one, they've already been tradable. I mean, some really good moves. First solar was up 9% today. By the way, let's see, a close Thursday at 180. It's 219 at the close today. It's like 20-something percent in two days. What's this other one? NXT? Close Thursday at 15. 54, closed at 67 today.

That's like 25%. Keep in mind, this has been such dead money for so long. First solar, oh, I didn't want to start with it. Do you know First Solar hit an all-time high in 08 at 317? It's 219 today. That's right, think long term. So we're just letting you know the solar's a perking up here. I don't know if it's investable, but technically,

that's a pretty darn good move. Got to add that in before I move on. And then I want to be a little bit repetitive. Repetition. Bullish. That's that recent IPO that opened in 90, I think from 30. And they ramped it up to 110, about 135 Wednesday. 63 today.

By the way, the day it hit 135. it closed at 68. And I'd like to say I was making this up, but I'm not. It's 63 today. That's one IPO. As I mentioned, FIG, another hot IPO that hit 143. Now it's called two and a half weeks ago. 76 today.

How about fly. Hit 74, six days ago. It closed at 48 today. And we just want to repeat. Everything we do we take from the market. Oh, all the IPOs are opening hot and getting hit. Guess what we don't want to do until that changes. It's the best way I can explain how we work.

How about something called chime? They opened that up at, well, the day it opened up was $45. Not as bad. It's 30 today. 45 to 30. How about symbol E-T-O-R hit 80 bucks within the first three weeks of its open? And by the way, these all opened in a pretty big premium. 80 to 47.

And this, I think I mentioned this list week, W-Y-F-I. Hit 25, five days ago, it's 18 today. And by the way, that was up a buck 60 today. So it's still going on and just be careful. They're coming out what IPOs, and I must say some of them are quite suspect. And when I say suspect, just losing money. And SPACs are back. You know, those crooked pieces of crap people that are putting out very suspect stuff to you.

and I have a whole list of ones that came out at 10 bucks a few years ago that are trading at one now. Catching the drift. So just letting you know, we're big on themes. That's a theme going on right now. If you're able to get initial public offering, God bless you. Typically, the consumer, the investor, the small investor, gets as many shares as they want on terrible deals that don't open up well. and get no shares of the hot deals. And just so you know, the people that issue that stuff do do that stuff,

know which one's hot and which one's not. They use the term oversubscribed or undersubscribed. So we're just letting you know careful of the hot deals because they don't care about you. United Health. Oh, I received 50 emails on United Health this weekend. Do you know why? Oh, that's right. It was up big on Friday. Oh, that's right. Warren Buffett bought a bunch of it. Oh, that's right. A bunch of other hedge funds bought in the last quarter. Let me repeat. By the way, we'll never put down Warren Buffett ever. But we're just stating facts. Every one of these people that bought last quarter were losing a lot of money up until about seven, eight days ago. And then it gets announced. And I don't want to say there was collusion.

but how is it all of a sudden, but we'll see. Anyway, we'll just repeat what we told everybody. We're just really agnostic on this. We don't know. We can tell you, well, hit 316 today, close the 308, no big deal, but that's after going up big Friday. We'd rather see a stock go up because of some good news, some good earnings, good revenue growth, not because some hedge funds bought. And not to say, they ain't going higher. It's just a thought process and we'll watch it.

We'll see how it goes. Technically, it's just a little recovery after getting slaughtered. Unlike, if you remember David Tepper, when China really first, excuse me, in 2008, when he said buy the hell out of the market because they were printing money, well, the market just started going and then breaking out and breaking out and more and more more stock showed up. So just letting you know, it's things we follow, but they're not fallible. And again, I would guess the average price they bought was around 3 to 320. It was 240 bucks nine days ago. Oh, and by the way, they may have sold the $240 and you don't know it yet

because all this is late. It's not real time. So again, we urge you to be very careful. There's a lot of noise out there. Oh, there's a lot of noise on AI like you wouldn't believe. And we'll see how it goes. A few other tidbits for you today that I got for you today because I get to send all these stuff and I verify. Do you know that the Magnificent Seven, you know those seven, just recently at an $18.8 trillion market cap. 18.8, seven stock. The bottom 4333 stocks in the S&P 500 had an 18.8. No, not kidding. Do you know that two stocks this year are 4.2% gains of the S&P gains this year? Just two. Add the next two and I think it's about seven. So four stocks. Just want to keep that in mind.

that in mind. This was our worry, but things have got better. We broadened out a little bit. We had a couple of very good advanced decline days and the small caps are perking up. Like to see that continue. What else was sent to me? Well, you know, I think that covers it. It just talks about how without AI the S&P would be like nothing as of right now. And that is true. And we've also reported to about the advanced declines on the NASDAQ versus, that's true. Hopefully things get better. And that'll be based on the advanced decline figures every day and more stocks showing up. That's all.

That's how we'll roll. Close our eyes, hold our nose and pray. Oh, of course, that doesn't work. We've tried. Also on this note, we'll stick straight with the markets. 10 year yields back to 4.34. And I watch some Trump in the tank people that anything he says they just mimic. We repeat.

We think Donald Trump making Jay Powell so famous is wrong. We think if you cut a quarter point, it's not going to mean anything to you and I. May help the market a little bit. If he cuts a half and it can help you or I maybe help the market a little bit. He's made it too big of a deal. And of course, if they went crumpt, crazy and they lowered rates down to 1%. I think inflation would spike.

And while they lowered a 1% to 10-year yield would spike to 5 or 6 and then look out. In other words, I don't think the president has a clue when it comes to Federal Reserve policy. And unfortunately, the people in the tank just agree. Up next, oh, you want a bigger explanation. This is the one to only investors edge. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna,

and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive.

So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept. that there's a different way to do things. To listen to the full conversation,

visit IBM.com slash smart talks. Success starts with your drive, an 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. APU. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points.

Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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. So, for those who haven't heard, again, two things. I have watched people I know, fiscally conservative Republicans that think like me on debt and deficits.

Think like me on free markets. Think like me get out of the way. Because they are pundits and they are afraid of the president ripping them to shreds, go on and just completely blank out their whole life and beliefs. all of a sudden interfering with markets is okay. All of a sudden, taxing corporations or else, shakedowns are okay. Rigging markets are okay. Rigging, what are you talking about?

Well, if the president wants to take Fed funds rates down to 1%, for no reason at all, and that's what he's calling for, that's rigging the market. firing the head of the BLS because he said they rig that. Oh, they're not ripping Trump for doing that. They're saying, well, the BLS needs to be worked, really. So the jobs president fires somebody for no reason, and that's okay.

Catching my drift. Trump is not a free market guy. He's a protectionist. Trump is not a free market guy. guy, he is a taxer, tariffs are a tax, and longer term, that is going to worry me. We'll see how it plays out. Hopefully, cooler heads prevail, but all around him and punditry, all of a sudden, eh, you're good. They blasted Kamala Harris and Joe Biden for four years on massive debt and deficits, yet Trump just amped it up, but that's okay. Growth will fix it. Yeah, sure. That's what it'll do.

They blasted Kamala Harris and her tax proposals because she wanted to raise taxes on everything, but they're good with tariffs. They're good that Apple just paid $1.9 billion in tariffs and had to kiss Trump's butt to get exempt because of the threat. In other words, not. Not. free markets so we're just letting you know we're not gonna move away from our principles and we are in hopes whatever he's doing works we're not rooting against him we're rooting for him but you cannot tell me you are for free markets and you're okay to threaten Apple with higher tariffs if you don't and of course Apple announced they're gonna spend this that and the other thing no a

The president should not be able to do that. And of course, the president is going to hire his own Fed head person. And unfortunately, it's basically going to be the president. He just replace a Fed head head of the Fed, but with somebody who, guess what came in and said, we need to have a bunch of tax cuts. Excuse me, rate cuts. Duh. So there's no independence.

And he hired somebody to run the BLS. A guy I love, E.J. and Tony. I love the guy. Conservative. Great guy. But will he be independent? He's already calling for, well, we shouldn't have this monthly anymore. Okay. We'll see how it plays out. We don't like a president taking over all these swathes of the economy. We don't want it. Too much. and you can seize correcting mistakes no longer they're going to deport farmers hotel workers that are illegal here

yeah the word is illegal why because he heard and that's good news I would suggest but for those of you want everybody deported but all of a sudden saying okay you get my point moving in the waves

again we'll see out plays out. We had this big producer price index number. I don't think it's going to be that bad. I think it could be not necessarily one off, but I think we could be elevated. But here's my final statement on this. Watch the 10-year yield. If it goes higher and keeps going higher, if it breaks above 4.5, it's going to be tougher for the Fed to lower their Fed funds rates. And a market that I think has the expectation of it right now, that could get interesting as we move forward. And right now the chalk is that they're going to lower rates a quarter, maybe even a half point. I don't know whether it's in the market or not, but they're not saying no to it.

A couple of Fed heads that did know last month are now saying yes. So definitive possibility, I'm pretty sure of it. But if the 10-year yield keeps going higher and if we keep getting hotter inflation numbers, the worst thing you want to do is easier money. just letting you know because that will incite inflation again and not just prices at the supermarket which by the way have been going up a little bit even more

not because of Trump it's not his fault but just giving you an overall idea just in case you haven't heard it before we will never be in anybody's tank as much as I love Trump's golf courses that Scotland golf course I played my one-two as far as best I've ever played or a royal county down in Ireland and Trump Scotland.

You got to play Ireland and Scotland golf courses, by the way, if you are true golfers. I just want to let you know. And that's a little bit of this, a little bit of that. We'll keep you up to date on the family affair. And again, I got to tell you that this weekend, draining. And all I was doing was thinking about the years that go back. and I was thinking of, you know, my sons turned me on to the office many years ago. And something Andrew Bernard said, I think it was in the last show, that was, I wish there was a way of knowing.

No, you're in the good old days before you've actually left them. Food for thought. Have a great evening and drive carefully. When you get home, do like we do, make sure you hug your family and hug your children. and they will feel better, you will feel better. I promise, stay well, be well. Until tomorrow, I think we'll be back. 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

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