Investor's Edge with Gary Kaltbaum - Confirmation Day!

Episode Date: May 26, 2022

More Info At: http://garykaltbaum.comMore

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host day.

Thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It's Thursday, May 26th. 2022. Hope you having a good day. The pleasantries out of the way. If you do not get this show in your city, we'll post it at garyk.com.

also posted on our Twitter feed. If you don't follow us on Twitter and you love a lot of sarcasm, but good information, follow me on Twitter. Just put my name in or press the button, the Twitter button at GaryK.com. You can email me anytime and just be nice. And you know what the great news is? I have nobody being not nice anymore. What happened? You know, every now and then we get the, you know, everybody's nice. This is terrific. So thank you. This is a show about everything that affects you. You know, we're markets. One of the best eyes in the business.

But everything that affects that and the economy, your jobs, your industry, your kids, everything under the sun. We used to be able to do market, market, market. but due to the fact they've injected themselves into everything. Remember what we've said to you. They're our opponents now. They're not our advocates. They're not standing side by side. They're facing us.

How do we know? The numbers. What have we told you? They spent 30 trillion bucks more than they were supposed to. A lie. Never supposed to happen. Campaign finance reform. They changed it.

And now it's unlimited. They conned you. They scammed you. Obamacare? Your premiums are going to go down? No, they've tripled. I can go on and on. We did it yesterday.

And some of you got it, what I was trying to explain yesterday. Some of you did not. So the one-minute explanation again, when I went and told you that we just had another tragedy in Texas, and they're not going to do anything about it. But they're going to be yelling and screaming at each other and blaming each other. and blaming each other and cursing each other. And nothing's going to get done. How do we know?

Because nothing's ever gotten done. And we know there's one side that's pro, one anti. But the anti is a full of crap. They had unfettered power to do what they want. They did absolutely nothing. And the only time they really whine and complain is when they know they can't do something. Now, that's how it works. and I am telling you

I am sure they are laughing their arses off at us after they curse each other out they're going into the backrooms and going that's sarcasm but you get my point and you know the only thing we do know since 1999 they have spent between the money we've spent them and the debt 75, 80 trillion bucks

but the school did not have any body there to defend these kids. That's what we're finding out today, even though there's been a lot of rumors. Small fence. Nothing to defend against. And you know what? I know. Why the hell do we even have to defend that? Well, we deal in reality here. So my point was is that in about, I give it 10 days. this is going to be off the front page. They'll get past it, and they'll move on to something else. And you know what the outcome of all this is? The outcome.

Today, 1.5 billion, that's probably 1.6 now of our tax dollars went towards interest on their debt that they created. 3 billion was added to our debts. and every day it grows a little bit more. While they're yelling and screaming each other, those are my points. Not only do I not have any love for any of them, I have no like for any of them. And now we have massive inflation because of them. Just so you know, inflation doesn't come from you and I. It comes from them.

We have massive market interference because of them. bubbles up the wazoo that have popped big time people losing crap loads of money because of them and all we want to do is wake up every morning and try to do better for ourselves and our family but they keep putting the headwinds in front of us and they continue to be our opponents that's all that's my take and i got one email what does that have to do with it has everything to do with it They've taken over. We used to have free markets. Every now and then, we used to have a central banker, raise interest rates a quarter point, lower them a quarter point, talk once every month at most, no longer. Those are my points. And they all intertwine every shred of it. And when I tell you what they have done with the insider trading of their own money, we would do.

go to jail for. The things they have all done with insider training from Pelosi on down, making zillions of dollars based on what they know is going to happen emanating from D.C. that has major impacts on industry or companies. Central bankers have stepped down for doing that. They should be in jail. We would be in jail for what they did. They were buying stocks knowing.

what their monetary policy was ready to be. We go to jail. Any of you that work at a public company, if you find out material information and you trade on it, you're going to jail. Anybody you tell and they trade in it, they're going to jail. In D.C., nothing.

Central banks, how they retire? And now D.C. is now kind of talking to each other about doing something about insider trading. Oh, we want to come up with something. Do you really think it's going to pass? It's not going to pass. You know what they're doing? What's the three words?

Flapping their gums. So again, our opponents, we're not lucky to have them. They are big-a-lucky to have us. It's topsy-turvy. And until we have a multi-million person march on the Capitol, know a march on the capital, not jumping into the capital like January 6th, demanding money out of elections like they did. Term limits, balance budgets, accountability, central banks not being able to print $9 trillion and interfering with markets. Until they know they're going to lose power, ain't nothing going to change.

Yeah, the decks of the Titanic chair's on the deck. Those are different people being elected and under. You know many people retiring this go-round? It's like 50, 55 of these people that have been voting massive debt and deficits on our back for years. They know what's coming down the pike. They're getting the hell out of there. It's like 32 Dems, a bunch of Republicans.

That's what we were talking about yesterday. And it has everything to do with Mark. It has everything to do with jobs. It has everything to do with wealth. But because they created all this money out of thin air to screw Aunt Mary and Uncle Bob, the average human being in this country with 0% rates and make their rich buddies richer. And have you noticed where they go? The politicians go work on Wall Street and Wall Street goes work in D.C.

Incessuous cesspool. While today, $1.6 billion. Of our tax dollars went towards nothing, not toward the kids who need food, not towards the elderly, not towards infrastructure, not towards the downtrodden or the homeless, interest. Nothing. Because of them, that's what I was talking about yesterday, and most of you got it, a few of you didn't, hopefully you get it now. It all intertwines.

And sadly, the husband of the teacher that died died of a heart. heart attack today. They said he had a broken heart. I didn't make that up. Up next. This that and the other thing. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same

needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-5-559. That's 888422-5-5-9. That's 888-422-5-5-9. Investment Advisory Services offered through Call Bomb Capital Management. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide.

The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital1.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,

and saying things like, Sorry, I can't talk right now. I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at Spreker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

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 as I said, the husband of one of the teachers that passed away died of a heart attack.

Family said just lost it when his wife, the teacher. The one that jumped in front of the kids to protect them. The husband died of a heart attack. In other news, Ray Leota died at the age of 67 in his sleep. I am a big Goodfellas fan. I've watched it. I can't begin to tell you how many times. I'll probably watch it again this one.

weekend. Have I harshed your buzz yet? Just remember kids we deal in reality here. We deal in facts in reality. We deal in facts, reality, and numbers. Can't hide numbers. You got that? Can't hide numbers. You can't hide outcome. Just like we tell you can't hide bull and bear markets. They all have the same markings. Well, each have different bull market certain you get my point. So in the last day or so we were talking about and we were doing in our webcasts how we thought that we were really due to have another one of those counter trend rallies. And what we mean by that is and we just throw numbers out to you, stock goes from 100 down to 20 rallies up to 30. That's all. And of course, if everything does it at once,

That's the market rallying. We call them counter trend. And what that simply means is if the main trend is down based on our eyes, well, you rally up. Remember two steps up, one step down? In bare markets, it's one step up, two steps down. But you get those one steps up. Sometimes you get four steps down, two steps up.

So we're in the midst of some of those steps down. steps up. The Dow had been, we've had better action, Dow S&P, couple NASDAQ. We had no idea what would happen today, though we just thought, it just felt, and we showed them in our webcasts how much territory there is between the market and its price, not opinion, and its norm. What do we mean by the norm? Well, markets follow a certain roadmap and sometimes we use the same terminology. It gets stretched away. In a bull market to the upside and it has to pull back in a bare market to the downside has to bounce up. And we had a very good day today. Could have been better. Could have been a lot worse. And we'll see if there's some follow through. I will tell you the best thing that can

happen right now is to get a little bit of a pullback. would be nothing wrong with that, but a good day today. The other thing we saw yesterday, and we mentioned it, and it's only one name, Dick's Sporting Goods, down seven on terrible numbers, finished up, big. That's what is known as a stock that has crashed, that's done crashing, and by the bad news. Guess what happened with NVIDIA today? Remember what we said to yesterday? I wouldn't be surprised if NVIDIA is up.

It was down 17 early in the aftermarket last night. Think off the year it was still down 10. It opened down six or seven today, finished up eight. On A, they have lowered their numbers. Well, why would that be? Well, the stock's already down 50%. Is it the low? Don't know.

It's a low. We're in the midst of a bounce. now, and to be clear of unknown price and time. The last day at the time we had something like this on March 16th, good confirmation day in the market, it lasted another eight trading days before we rolled over. We played that a little bit and got out on the first, I think it was the first, the second roll over day. It topped, bounced back up to little retests, then the roll over, we were gone. See ya. So we think, we think, maybe, nothing's 100%. We're in the midst of that right now.

The Dow started leading a couple of days ago on the move. Other things catching up a little bit here. yesterday we said to you all the stuff areas you know the areas we've been saying to you just bear bear bear bear bear bear bear woke up yesterday had further gains today I've yet to scan we'll see what it looks like thought process very simple counter trend move interesting the most bombed out area retail

getting like a real spiky move, even though spiky I don't think is a word. And again, what happened? They were crushed. Five below. You've heard of them? Discount retailer was up 12 and a quarter percent today to 135 in change. What's the issue? It was 186 four or five weeks ago.

bounces. Is it the low? Don't know. Definitively looks like a low. You catch in the drift? We can do that on many of the names. A lot of down 50 up 10. That's what we're getting. And now we have to figure out. And it's not even a matter of figuring out. It's just a matter of hanging out with whether this has, the makings of better than 11 days and whether it can really get on the move. If the NASDAQ, which closed today at 11740, just goes to the 50 day. Do you know where that's at? 12.9.

It'd be 10% from here. You know what the 50 day is? The norm. But every day the 50-day moving average gets lower and lower and lower. Up next, I think I explained that right. Movers of the day, news of the day, whatever else today. I'm Gary. This is the one only investors edge. This message is brought to you by the Capital One Venture X card. Venture X offers the

premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker.

The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confuse. used relatives, and saying things like, Sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing.

Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide.

The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. We're listening to. America is talking. Investors Edge. He's got to be pleased with that.

The crowd is just on its 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. So very good broad market day with some really good moves in retail. All the stuff we've been bearish on for months and months and months that we thought

counter-tren rally time. And we're getting it. Do I already have some worries about what I am seeing? Well, do you remember the last counter-tren rally that it started up and the market started rallying for a few days? Remember what I said on the second day? Do you got a good memory? I was worried that there is no way this is the bottom of the market. It's just countertrendtrent.

How did we know at the time? My exact words to you was, there's already froth and speculation. And bare markets never bottom with froth and speculation off the bottom. the exact opposite. Bare market bottoms are made of doubt. No way. No way. I'm not touching. I'm done with markets. GameStop was up another 12% today. After Bing up nicely yesterday. But by the way, we warned you about this. It hit 148 today, closed at 128. Hey, let's play markets. That sticks out for me. It sticks out.

You don't have froth and speculation at bare market bottoms. You know, bare market bottoms do? Bear market bottoms ring people out. W-R-I-N-G. They're already speculating. They're already freaking speculating. What the hell is that? Catch in my drift? That already gives me pause. not P-A-W-S, P-A-U-S-E. I've got froth and speculation already. Keep that in your file manager. But man, I got to tell you, you got 5 to 10% moves in a bunch of retail stocks

that are down 50, 60 from the high in just major downtrends. Good moves. Tech started weak, but soon as NVIDIA went in green, tech lit up. So you got some counter trend there. I'll give you some examples. Amazon was up 85 today to 221. It's down 1,200 points in five weeks. Down 1,200 up 85. That's what we mean. Tesla, that was up 48 today to 707. Well, it was $1,152 about six weeks ago, 1092 about four weeks ago.

Almost 400 from four weeks ago. That's what we mean. So there's always this eventuality that you're going to get what we call again, counter-trend moves. But let me repeat again. Because we have a pretty good eye, but we can freely tell you we have no clue how long it lasts, how far it goes, but we will doubly scan. And we're finding some names that look better than others.

We're finding some names that are moved above, some initial resistance. We find some names that are more constructive than others. But gets a little bit random in here. Very tough. But a good, good day for the market counter-trend move. We're going to gauge tonight how many people say it's the bottom. If everybody says it's the bottom, it ain't. we've been hearing a few too many of that already.

We'll see. You know what we do, we let the market decide. So my whole screen to my left of all the worst areas, completely green. Goldman Sachs, let's throw that one out, you. It's up nine points in two days. 323. It's down 103 points.

from October. But Gary, don't we want to buy low and sell high? Well, we're not so sure what low is yet. Well, what do you mean by that? Well, let's see, low, huh? Was it a low when Peloton went from 171 to 150? Was it a low at 120? Was it a low at 90? 60, 30, 20. Is it a low at $13.90. That's what we mean, how low is low. And of course, you know, because we have covered it, there's a crap load of stocks that have been absolutely trashed. And I'm not just talking about the high flyers.

Netflix. Bounced up a wee bit in the last couple of days to be down 72.7% from November. Just letting you know. Alibaba was up 12 today to $94 from a high of 320 and I can do a bazillion of those. Bidu reported was up 9% today to 136. The high was 354 and that's what we mean. Our job is to always continually keep your feet. feet on the ground with a specific disciplined thought process and roadmap and not willy-nilly

crap you get from so many out there remember wall street is a fully invested vehicle in bare markets you ever catch a fish and you bring it on to the dock and the and the fish is still live and this laying on the dock what does the fish do well that's fully invested in Wall Street, flopping all over the place. Don't worry, everything's okay. But wait a minute, my 500,000 is 350. How you tell me everything's okay? Oh, it'll come back.

But you never told me in the first place I would drop 30%. So how do I know it's going to come back? Well, it's happened before. Well, what if it's a 50% or what do I do then? Well, it'll come back. How do I know? and how do I know I'm going to be so pissed off that I just get out because I'm so worried about

losing more well you know kind of like you know flopping around on a dock like a fish and hopefully you throw in the fish back into the sea and we take no joy in indicting them and we're not we're just state in fact Wall Street's a fully invested vehicle and you get no help from them in bare markets. I get help from them because when they all turn bearish after a big drop, we're

usually close. That's actually how it works. Believe it or not. So let me repeat. Very good day. In the Dow, good moving Home Depot up nine today to 302. It was 420 in December. You got it? That accounted for six. 60 Dow points today. Goldman Sachs accounted for about 55 Dow points today. Boeing was up five and changed today to 127. It was 189 four weeks ago. It was 25080 a year ago.

It topped out at 446 in 2019. That's when they had those unfortunate tragedies, the crashes with the 737 max. Up next, we'll continue. It's the one only investor's edge. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase,

bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker.

The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process. simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones.

Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital One.com for details. You're listening to. What are we waiting for? What are you waiting for? One, two, ready, go. Action!

In the Gester's Edge. With Gary Culpa. Do not forget, Monday's Memorial Day, please remember why we celebrate Memorial Day. Unfortunately, I think a lot of very important things are forgotten. You may want to watch the beginning of saving Private Ryan to see what some of our brave men did and women. I whine, I whined and cried when I got hit by a paintball gun shot in my hip.

And what's got paintball like it in my mouth and went through the mask? Our men and women in service dodge bullets, real ones, in order to protect us. Memorial Day. Go Google the words Memorial Day and go, you know, check out what is it about? What does it mean? Okay, so lesson time. I want you to listen carefully. It's not the news.

It's how things react to the news. How can the market even rally? Oil prices were up another $3.60 today to $1.14. That cannot be good. A major league top-notch, one of the best ever. for hedge fund managers, Ray Dalio says, we got stagflation. That can't be good. And he's a smart guy.

Yields while little off the highs are still elevated from where they were. That can't be good. The numbers we're hearing out of the housing business are showing trouble lies ahead. Not so sure. That's good. Dick Sporting Goods warned Envidia warned That can't be good

Target stock crashed on earnings Walmart They only do 600 billion That stock cratered On earnings That can't be good

Usage of credit cards Is skyrocketing People taking on more debt that can't be good subprime auto lending people paying off loans is stretching out more and more and more lateness on those loans

that can't be good I was at a public supermarket last night the price of chips is skyrocketing just from two weeks ago that wasn't good go look at the price of toilet paper

and paper goods. That can't be good. This administration is backwards arse on all their policies. That can't be good. They're also lying about what they've done with debt and deficits, and forget to mention the only reason it's down is because we come off of COVID spending. That can't be good. A central bank that is zero for 100 on all their predictions,

And they still don't shut up. That can't be good. So how did Dick's sporting goods reverse and go up? How did NVIDIA reverse and go up? Because it's not the news. It's how things react to the news. And very often, right now, everything's factored in. Because in less than two months, the NASDAQ was already down 25%.

And the S&P down 18%. That's a gargantuan drop. Those are indices. Average stocks much worse than that. so be careful it's not the news it's how the markets react to the news we're getting bad economic numbers right now the GDP that came out

the updated GDP was worse than the last report a negative report on GDP indicating contraction that's not good news so how can the market rally because it was down 25% on the NASDAQ from a lower high and 18% from

a lower high in less than two months that's why and when I tell you Amazon's up whatever it is today but it's down 1,200 points that's why when I tell you bare markets about two steps up four steps back that's why maybe we got the two step here and these reporting from some of these retailers are because the reason why their stocks were up is because they crashed retail stocks crashed it wasn't just a bare market for a lot of them. They crashed. So I want you to remember that. It's not the news. It's how things react to the news. And we will keep a focused and keen eye on anything else that gets reported. It was by no accident. They sent two Fedheads out to try and, you know, jawbone the

markets with, well, maybe we can lower rates in 2024 when they've been 0 for 100 and 21 and 22. Well, maybe we can stop raising rates in September when they've hardly even raised rates already are still way behind the curve. But it's not the news in their stupidity. It's how markets react to the news. Now, after the close today, Costco reported it's down $17.47. We'll see how that goes in the morning and see whether it's the news and how it's going to react. Alt the Salon in the aftermarket. Beat estimates by a mile.

Closed at 378. It's 402 in the aftermarket. Guess what I'm about to tell you? Actually, not so bad. The old high was 439 in April. But still down 30 some odd points from the high. So the job is very simple. Gage.

And work our arses off to make sure we stay in lockstep or just one little. step ahead. Stay in gear. We're in a little bit of mode now. We'll see how long it goes, in time and in price. That all said, you have a great evening. Drive carefully. When you get home, do like we do, it is quite simple. Make sure you hug your family. Make sure you hug your children. I promise you, they will feel better. You will feel better. Tomorrow I'll be on with Neil Cavuto between 12 and 2 on Fox Business Network. Check it out until the same time tomorrow for this show. Have a great night, everybody.

Peace out. 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. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect. $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.