Investor's Edge with Gary Kaltbaum - Confirmation day? [03.24.2025]
Episode Date: March 24, 2025https://garykaltbaum.com__________Disclaimer:The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTal...kRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio et al does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing.
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Investor's Edge with Gary Coltbaum.
Straight talk about you and your money.
Now from the BizTalk Studios, here is Gary Cultbaum.
And welcome once again to Investors Edge.
I'm Gary Coltbaum, your host.
A thanks for being with us today.
Glad you're here, ladies and gentlemen.
Happy that you are listening.
It is, what do we have, six days left in the quarter.
It is the end of quarter moment.
in the markets, but as usual, we have a lot more things to talk about.
In case you don't know, this is best or Zedged, serious talk on everything that affects you,
the markets, the economy, your job, your industry, doge, tariffs,
scams, shams, corruption, you name it, we will cover it with no bias, no agenda, no ulterior mode.
And if you do not get this radio show in your city, we'll post it at garyk.com,
we'll post it on our Twitter feed, which is now,
And if you don't follow us on X, you should.
And if you'd like to email us, just be nice.
That's not too hard, right?
Just be nice.
So ladies and gentlemen, what we want to do is just state facts.
And as you know, we have a very, very active president.
I am not going to opinionize on it.
I'm going to state some facts that occurred Friday, over the weekend, and today.
I'm going to let you decide if these changes of facts matter.
So as you know, we have been in an excruciating downward move in the market.
I believe the small caps, the Russell 2000 dropped like 18.
I believe the semiconductors more than 20, home builders more than 20,
transports close to 20.
And remember, these are industries, ladies and gentlemen.
Individual stocks mauled.
mauled
mauled
I can sit here
and go through
name after name after name
mauled
and we're not talking fly-by-nights
black stone
you've heard of them
200 down to 135
you can add that
30% plus right
black rock
moie importante name
a thousand and eighty four down to 900
Goldman Sachs
672 down to
520
oh that's more than 20% right
150 something on 672
and I can go on and on and on
which took us to last week
and as you know the president
has been threatening tariffs left and right
As you know, the president has stated, this is not a paraphrase.
Tariff is the most beautiful word in the dictionary.
He also said we're going to make hundreds of billions of dollars from tariffs.
He's also said China and other countries pay for tariffs.
And every time he has talked tough on.
tariffs, the markets have dropped. Every time he has backed away, the markets get some relief.
Going into last week, we had two weeks of what we call backing and filling. What that simply
means is the S&P, use the S&P, drop from 61, actually I'm going to use the NASDAQ, if you don't
mine, dropped from 20,110, down to 17-238 and three weeks, one, two, let's call it two and a half to
three weeks.
That's 2,900 points, about 14.5%.
That's a big drop.
But in case you don't know, that's an index.
Average stock, much worse.
Much, much worse.
And then for two weeks, it did what we call backing and filling.
What does that mean?
Well, you have on a Monday where it was a highest 17-687, closed at 17-4-36.
The next day, it was between 17-4-36 and 17-8.
The next day, it backed down between 17-2 and 176.
The next day, 174 and 178.
The next day a little tease to 17.9, but close at 17.8.
The next day, 17.5 was the last.
The next day, 177, 176.
Then on Friday, we were getting blasted again at the open.
In fact, on Friday, the Dow was down.
We were switching to the Dow for a second.
500 points on Friday.
500 points on Friday at about 10.15 a.m.
And then we started hearing rumblings.
And we heard, and it came from different avenues of the White House,
that maybe they're not going to be as harsh on the tariffs come April 2nd.
That's his big day.
April 2nd.
and the market reversed 500 points into the close, but was still very rough, no great shakes.
We don't know what's next with him.
We come to the weekend.
And nobody's sure, because you heard a few different things, but when all was said and done Friday,
okay, a little moderation of the tariff thing.
Well, guess what gets promoted before the market opened today?
From the Wall Street Journal, White House scales back April 2nd tariff plan focuses on targeted levies.
That flies in the face, flies in the face of everything Trump has said, takes away all the tough talk.
and of course the market that closed 41985 on the Dow.
We're going to call it up 15, 355 points pretty much at the open on the Dow today.
And within 15 minutes, we were up about 500.
And of course, the NASDAQ had a good day also.
And interesting enough, in the middle of the day, back and forth, but was pretty much strong.
And interesting enough, though, we had 42, 582, but dropped 200 points into the 2 o'clock hour.
And then, and we don't make this up.
We're telling you just facts as they come out.
At around 2.45, we get this.
Mr. Trump said this was in his cabinet meeting
may give a lot of countries a break on the reciprocal tariffs.
He's been driving to the hoop on reciprocal tariffs.
Now, no, not all tariffs will be included on April 2nd.
This is a complete 180 from what he has said.
And last, tariffs on 4,000,
pharma, autos and chips will be announced at a later date.
Now, in case you don't know, I would suggest that autos and chips are the two most important parts of the equation that all of a sudden, there's not going to be any tariffs on it April 2nd.
So the president is backing away.
And of course, the market rallied a little bit more into the close and had a very good day today.
and I'm going to give percentages if you don't mind.
The Dow was up one point, let me see if that's on the close.
About 1.47% today.
Doesn't seem like a lot, but it's important day.
The S&P was up 1.8% today because of the technology part of it,
and the NASDAQ was up 2.27% today.
So, fact, the president blinked on tariffs.
The market gapped up.
Well, first on Friday, finished well, and then had a big gap up today,
and into the close on the cabinet meeting,
had a nice finish off of all that.
Now, I heard some people say today,
Oh, it's not just all tariffs.
Your handsome and buffed host says, right now, I give it 95% tariffs.
How do I know?
We watch the market.
Up next.
The outcome.
What do we think?
I'm Gary.
This is the one to only Investor's Edge.
Hi, I'm Gary Kalpom.
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It's time to switch on the integrator units and get the brain cells.
working you're listening to hey this promises to be fun investors edge the last bastion of quality
programming with gary cult bomb it doesn't get better than this so those are the facts at hand case closed
time and time again markets moving on this and why is it so important this whole tariff thing
well, in case you don't know, they're catching a lot of crap.
Remember I told you that we were invited to the White House when George Bush II,
one re-election, within two weeks we were invited to the White House to interview people
from the administration on Social Security.
Remember that?
That was the second time we were invited.
and we got to interview John Snow, the Secretary of Treasury,
Call Rove.
Did I interview Condoleezza Rice?
No, I did not, but I did meet her, though.
And whoever else, I met Donald Rumsfeld, the whole works.
A week later, I got a call from my contact saying,
we're dropping it because we're catching all kinds of crap.
What happened was at the time,
all they were doing is having a conversation,
and the left was out yelling and screaming about throwing grandma off a cliff.
And I guess they do poll numbers every hour on the hour,
and guess what happened to their poll numbers?
In case you don't know,
this administration has been catching a lot of crap on the tariffs,
on the tariffs.
And why is that?
because we are correct on the tariffs.
If you are in administration and one of your lynchpins on making the economy better is lower taxes,
then how can you have a major tax increase via tariffs and use the numbers hundreds of billions of dollars?
Well, you can't.
So they have been catching a lot of crap.
They're hearing from industry, they're hearing from chieftains.
There's too many moving parts.
There's too many changes.
There's too many dates, too many products, too many this, too many that.
And then, of course, the markets.
What does the market represent?
Well, I think to a big extent the wealth effect,
you lose the wealth effect in a debt-laden economy.
that could lead to big trouble.
Thus, this is my opinion part,
they had to back away.
And I gather by now they can see
by backing away helps the markets.
To what extent we don't know,
that will be in time as the cards come out of the deck.
But they must understand by now.
And again, let me repeat, how is it possible to have one of your lynch pins for a better economy is lower taxes, but then go in raise taxes by your own words, hundreds of billions of dollars via tariffs?
And in case you don't know, again, a tariff is a tax on whoever is the purchaser of the product from wherever it's coming from.
from. And what
it happens is you pay that
tariff to our treasury. Thus
the president says, oh, we're
going to make hundreds of billions
off of it. Well, you could, but it's
still a tax on
that business. And you're
taking money out of the economy. You're
raising taxes. And
of course, that company
or entity that's buying that
product can choose to,
A, eat it,
negotiate with
China, Canada, or Mexico, wherever it's coming from, to, hey, eat it with us, or put it to the consumer.
In any case, it's a higher tax.
So I believe they've been catching crap, thus the changes.
Now, I must tell you, I don't know what he's going to do next.
I don't know if he's going to change his mind.
of the clothes today, he's backed away. And as I stated to you, went from Major League,
tough talk, tariffed the most beautiful word in the dictionary that he's going to give
countries a break on reciprocal tariffs. Not all tariffs will be included on April 2nd,
and tariffs on pharma autos and chips will be announced at a later date. You know what that's
called saving face and whichever way you cut it good remember fear and greed the fear of markets
going down is the president of the united states will change minds the fear of industry going
into recession will change minds and that's what we're getting so the dow up 597 s and p
P up 100, NASDAQ 404, NASDAQ 104, NASDAQ 146, the semiconductors, even the transports, the lowly freaking
transports that have been slaughtered was up 300 today. Keep in mind, it's still down 3,000 points
from the high. Wow, when I say that, that's the story. Now, what's the most important thing that
happened today in the market. Technically, of imports, the S&P broke above the last two weeks
highs. The NASDAQ broke above the last two weeks highs. The NASDAQ 100 broke above the last two weeks
highs. The Dow broke above the last two weeks highs. What do we tell you about potentially
transitioning from down to better, you got to start stair steps up. And we got that today.
The first stair step off of a lot of nausea. Everything rallied pretty much. Big Banks,
mui importante to us because they were leading before this deluge, good day, and we'll see what tomorrow brings.
Oh, there's hardly any.
The move?
A lot of things off the lows.
You know what the strongest name was today, I believe?
Tesla.
Tesla was up $29 to $278 today.
That was 12% today.
It was 488 12 weeks ago.
Why would Tesla get going?
Beats the hell out of me.
Oh, wait a minute.
No tariffs on autos.
So that rallied nicely.
and moved above the last two weeks little shelf.
We'll call it a little shelf.
And there's your story.
Do I think there's more upside?
Yes, I do.
How much?
I don't have a clue.
What's the president's next move?
Really don't have a clue.
Up next.
What else?
And the Doge moment.
This is the one only investors' edge.
Guys, it's no use putting it out.
off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect
fit that stays put all day. Their zero shape thanks to four times more stretched than competing
brands and their innovative horizontal quick draw fly is a game changer. With over 30 million
pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.
Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com
code comfort. Tommy John. Comfort perfected. 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
My 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 confused relatives,
and saying things like, sorry, I can't talk right now, I'm editing audio.
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The good news is Spreaker makes the whole process simple.
You record your show, upload it once, and Spreaker distributors.
It's everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins
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. You're listening to America is talking. Investors Edge. He's got to be pleased with the
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 walk once again to Investor's Edge.
Some of the best moves today was in the worst stocks
because of how far down they were.
And you get short covering in the daylight today.
I've been in the midst of doing scans.
And what's funny is some of the biggest movers are like a blip
compared to how big the drops were.
But they can improve pretty quickly, I must tell.
you. Hey, Doge moment. Mr. Musk, who by the way, is being threatened with his life. His Tesla
owners are getting keyed and cars destroyed. Some of the Tesla places where you buy the cars are
getting destroyed. Yeah, the tolerant left. Anyway, he revealed that Doge found $330 million
in small business administration loans to people under 11 years old. The youngest was a nine
month year, nine months old received a $100,000 loan. By the way, I'm not making this up.
one would think I was making this up.
I am not making this up.
It's amazing.
It's amazing.
It's amazing.
More in a Doge moment.
From the Secretary of Defense, over 580 million in contracts and grants were terminated,
There was actual HR IT development program called, the symbol is DCHRMS.
That is $280 million over budget and five years behind schedule with two more years to go.
Government.
They shut it down.
They found this.
and remember what we told you
they're going to be amazed at what they found
just remember when you have access to trillions of dollars
with nobody looking over your shoulder
you don't give a crap
it's not your money
if it was your money
maybe you would
NASA
they eliminated unused purchasing
cards
and terminated 420 million
and unneeded contracts, including
45 million and three separate contracts
for change management support services.
Not one person can explain what it was for.
Think of the dollars that I am mentioning to you.
Think of the size, these dollars I am mentioning to you.
It's stunning.
And they're going to find more.
they're going to find a hell of a lot more
and I am still hoping
they are going to haul a bunch of arses up on Capitol Hill
there has been so much thievery they're going to find
I can't even begin to tell you
they're going to find people and politicians
and ex-politicians
getting 100 million dollar grants
and just 2.5 million going into their pockets
Yeah, it's my commission.
They're going to find that.
Your government.
Yet.
By the way, that's your Doge moment.
But I segue,
because Bernie and Alexandria
Acacio-Cortez were out this weekend.
I heard they had like 20,000 people
at one of these get-togethers.
The big word now is the oligarchy.
Their complaint
is about control by the oligarchs, the billionaires. Too much control. Well, let me give you the definition of a Marxist. A Marxist is a control freak. What they believe in is gargantuan government, rules, regulations, fees, fines, mandates, taxes, oversight over you and your lives to where you can't take a step without them looking over,
over your shoulder. That's Bernie Sanders and AOC who are telling you that others are trying
to control you. Let's see, you got Trump wanting to lower regulations. Is that a control freak?
No. He does want to lower taxes. Is that a control freak? No. Interesting. But Bernie Sanders is
called for 100% tax rates on anybody making over a million dollars. He did that in the
pass, he called for that. That's a control freak. And we want you to remember Marxists hate success.
They hate wealth. They hate successful. And the reason why they hate is because Marxists cannot control
successful people and wealthy people. They prey on the less than successful and the less than wealthy.
They are con artists. Some of the greatest con artists of the best.
of all time.
And the amazing part of it is they actually talk some people into believing what they're telling them.
Bernie Sanders has praised the Cuban economy, the Cuban healthcare system.
I'm not making this up.
Go look it up.
Yet they are complaining about others trying to tighten up.
tighten up the size of government.
Who's the control freak?
Who's the Marxist?
I've made my point.
And by the way, I took five minutes out to listen to what they had to say.
Stand up comedy at its finest.
But so many, they had 20,000 people,
and people are saying a lot of them have been bust in and things like that.
Whether or not there are people that are people that actually
believe and want people hovering over them? Really? You know, I was looking at my son's tax returns.
They live in New York City. You got to see what they're paying in taxes that I don't pay in
Florida. Control freaks. California, even worse. And they still run big deficits.
in California, while Florida has no state tax and is running a surplus. You think California
would learn a lesson? Doubt it. Anyway, that is your Doge moment. That is your complaint department
on the Marxists. And amazingly, in some circles, they are popular. It's so weird.
Why would anybody want people controlling their lives that way?
Why would anyone? Bernie Sanders has never had a job, has lived off the taxpayer's whole life.
By the way, I heard he has three houses now.
I made millions and billions off my books.
Well, why aren't you sharing that money, Mr. Marxist?
And don't forget what Alexander Casio-Cortez did.
She stopped Amazon from open a big place in Long Island City, almost single-handedly with a bunch of our Marxist friends.
and Amazon just said,
go screw yourself.
And I think the average job was going to be like 100 grand.
Meanwhile, here where I live,
right at the airport, there's a big Amazon fulfillment center.
There's one right here in Deltona.
Job creation.
Ocasio Cortez, job destruction.
We'll keep you happy about it as we move forward.
And we'll keep you up to date if the president,
the United States decides to change his mind again on tariffs, hopefully they're learning a lesson.
Hopefully they learn a lesson. We'll see. The most important part of the day, though,
price moved above first stair step on the big indices. The first step in what was needed.
Again, does it stick? Beats the heck out of me.
Let's hope it does.
Leadership, again.
New yearly high lists, hardly anything.
If things get better,
things will show up.
Up next, this, that, and the other thing,
and whatever else.
This is the one only investor's edge.
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.
There's zero chafed thanks to four times.
more stretch than competing brands and their innovative horizontal quick draw fly is a game changer.
With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort.
That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.
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 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'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 spreeker.com.
Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.
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 Culpa.
By the way, I completely forgot.
but I would have given you Florida to win the NCAA's men's tournament.
And they had their tough game,
and I still think they're the chalk to win the NCAA tournament.
I think the next games are on Thursday.
We'll see how it goes.
Duke, though.
They got this guy named Flag that looks just,
boy, does this guy have game.
The total package.
I think those two, and I'm not sure, I think they would play in the final game.
I think they're in different parts of the country.
I think.
I completely forgot.
And of course, I did one of those bracket thing.
I have Florida in there, but I lost a bunch of teams already.
Welcome to the world.
Yay.
A few tidbits. I flew to New York Friday. I flew back yesterday. I can tell you under no uncertain terms, quite the few less flyers. And I fly the same times each time. And let me repeat, quite the fewer flyers. Maybe it's a small
sampling, but this isn't the first time where I've seen quite the fewer flyers.
And of course, what do I do?
I stop at Nathan's hot dogs, and I ask them, business, slower.
I stopped at the outback, business, this is at the airport, slower.
I park at the Hyatt
slower
Now this is just Orlando
But I can tell you LaGuardia
As I
Went up the stairs of the escalators
And go through I have a digital for Delta
There's nobody online
Nobody
Again
Not so sure
That's a big sampling
But I am feeling
lesser
right now
as far as traveling
is going
just letting you know
I will tell you this though
I saw
somebody on TV
I think it was maybe the Today show
talking about how travel
and air travel prices
have come down
horse crap
prices haven't come down
I used to pay 300 round trip
I pay 500 now
economy
and then hope to get my upgrade because I am a whatever, whatever member.
So just a little factoid for you, just for me.
And as you know, I put it out to the peeps.
Send me information on your industry, your job, how's business, what do you see?
Getting a lot of slowing down.
I've had a couple of truckers say, no, business is great.
but I've had quite the few of a little bit worry.
And just so you know, everywhere I go, I am asking all the time.
Went to a sporting goods place, slow.
I went to a car wash, slow.
So a little bit of that's going on right now, whether or not it lasts or not, I don't know.
The reasons they gave, they didn't say.
I do know with travel, by the way, this is true.
A lot of Canadians that would have been flying here are not.
They're pissed off at whatever's, you know, for whatever reason because of the Canada thing.
And Trump's saying he wants them to be the 51st state, which by the way ain't happening.
And there's a big thing that European countries, there are a few that are telling their citizens not to come to the United States.
because they're worried about what would happen to them off of immigration.
I'm not making this up.
This is true.
Maybe that's going on also.
I don't know.
So we're just letting you know we really do follow a lot.
And we think we have a good...
And again, we don't have a thousand analysts going out there.
But look how many things we have called right.
Just with our small sampling, member inflation,
while the
DOLTS at the Fed
and the administration was saying it was transitory
We were saying,
oh, and before they said there was transitory,
they said there wasn't inflation
And we were saying what?
Oh, you damn right, there's inflation.
So we think we do have a good feel
Not perfect for what's going on
And we'll keep you informed as we move forward.
We do think somewhat of a slowdowns going on.
And again, I don't know whether it's just tariff this and tariff that.
I don't think people feel tariffs at this juncture.
So I don't think that's it in time.
One other tidbit, just letting you know in Florida, fantasy land is coming down.
As we said, these people are putting out homes for sale that were 2 million three years ago and putting them up before.
They're not getting sold, and they have to lower their prices.
Inventory is huge now in many areas in Florida, and typically that leads to lower prices,
or people just take off the sale.
We'll keep you informed on that.
We looked at other cities also.
Man, there's a lot of cities with a lot of inventory.
That's to watch.
Why?
People tie their wealth to their real estate.
And I can tell you, there's a lot of people that have houses that are worth 800 that think they're worth 1.3.
I'm pretty sure a lot of that's going on.
And as I look every day, it's worsening.
We'll keep you in form.
That all said, you have a great evening drive carefully.
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 stay well, be well.
Serenity now.
I got a big scan coming tonight.
Good night, all.
Bye, bye.
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.
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