Investor's Edge with Gary Kaltbaum - Crappy end of the week in review [10.10.2025]

Episode Date: October 10, 2025

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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 here, ladies and gentlemen, happy that you are listening. It is Friday. It's October 10th. And we'll explain the market to you in a second. We're glad it's Friday. We'll explain in a minute. As always, plenty to discuss. Serious talk on everything that affects you.

We'll do the markets, the economy, your job, your industry. This president, and he comes into play in a very big way today. 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 X feed if you don't follow us on X. You should. We'll also post it on YouTube channel, Biz TV, the podcast apps also. And if you'd like to email us, just be nice. So on a day where it was calm, market's fine.

I'm thrilled with the things we own. We've rode up the big indices since right after April 24th, as they have not once broken the 50-day move-in average. We got past tariffs and exemptions and exemptions and tariffs down to the point where there's a couple of big ones, but mostly small, and they're pretty much off the table. On a day where we were going to come in today and praise the president

and blast the Nobel Peace Prize people for not giving him the Nobel Peace Prize. By the way, they gave it to somebody who deserved it, but so did he. And if you do recall the Nobel Peace Prize people, gave Obama the Nobel Peace Prize. He wasn't even in the Oval Office, so we know just another biased outfit. We were coming on the show to praise him profusely for his diplomacy. in the Middle East. As the hostages look like they are coming back, and of course we mourn the deceased hostages that are also coming back.

And then the hook. And as you know, we do everything here without agenda, ulterior motive or bias. And we've ended up with a love, I don't want to say love-hate relationship with the president, because hate's a big word. Hate is for Hamas and the people who love them. Let's call them a love, dislike relationship between myself and the president.

You know what the dislikes have been, the tariffs, the interference, and all kinds of other crap that is not free market conservatism. But the markets have performed admirably. They got back the Trump. tariff crash and more. And out of nowhere today, the president puts out a huge paragraph. I will not read the whole paragraph, but it basically is blaming China. By the way, we're not disagreeing or agreeing with them on them. We're just stating that China is cheating and they're doing this and they're not doing that.

and they're bad on trade, and we were going to have a meeting, and now we're not. But then there was a money quote at the end. And the money quote was, one of the policies that we are calculating at this moment is a massive increase of tariffs on Chinese products coming into the United States of America, which means everything that comes in from China. that we buy and are bored here, we pay those tariffs, which is a,

depending on what the president comes out with, a big tax hike on us. They can affect China. So, what was a very calm morning, right now, it's 3.25 p.m. We're doing this in the last part of the day. The Dow's down, 725. The S&P's down 147. The NASDAQ's down 660. The NASDAQ 100 is down 709. The Russell 2000's down

about 2.5%. The Philadelphia Semiconductor Index that has been pretty darn good is down 5.5%. The transports down 3.4% down about 500 points. Our favorite stocks slammed. No stone left unturned today. Of course, do you know where the money flows today in the food beverage and tobacco? But mostly everything red, they are, and I'm careful with my words. But when Alibaba, these are Chinese names, drops 15% off this news, when Baidu falls 11%, how about FUTU down 12%.

That's a slaughter in one day. So the China markets get in whacked, emerging markets getting whacked, foreign markets getting whacked. And if you, are left with a 3% drop in your stock today, you're good. There's your story. And my commentary on this is simple. Doesn't the president know he already crashed the markets once with big tariffs and big tariff talk?

It's a simple question. I gather he does. I gather the Treasury Secretary does. and I gather it's now 327. The president knows what the market's doing today. I have no clue what happens Monday. I have no clue whether the president changes his mind and comes out with a little nicer rhetoric.

Oh, I have no clue if he comes back on the weekend and puts the fork in with big tariffs. And of course, I watch some people on TV after all this is going on. Oh, don't worry. Worry! Why? I don't know about you. But in the last go-round in Tariffmania, the S&P dropped 22%. Anybody want 22% drop?

By the way, we're not predicting that. The S&P's down 2% right now, maybe a little bit of 2%. NASDAQ 100 is down worse than that. 2.8. Make that three. And leave no doubt this is all because the president, the most powerful man on earth that controls the purse strings of a $30 trillion economy comes out and talks big tariffs again. That's today. Monday, I don't know. I must tell you I am disheartened. I want the president out of this.

I don't want any more tariffs. It hurts us, not them. We already know that he hurt the farmers with tariffs and he's going to pay him back with our tax dollars so he knows they're no fun. But guess what? We have no control of the situation, except we know how to control the money. Where this stops, I don't know. What he does, I don't know. All I can tell you that some very harsh words out of him caused a nice little dump today. And again, I wish I had better things to tell you, but he is the most powerful.

man on earth. And whether he learned the lesson or not, I think ego gets in the way. And that's the story. Now, there are those that say, don't worry. We'll have thoughts. That's up next on this, the one and only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.

we manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you, to where you would like to be, call us to make an appointment for a complimentary portfolio review.

The number to call is 888-4-2-5-59. That's 888-4-2-5-59. That's 8-5-59. That's 888-4-2-4-2-5-9. Investment. Investment Advisory Services offered through Call Bomb Capital Management. Guys, it's no use putting it off. The best time for an underwear refresh is now. is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

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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 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 Sprinker 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. Spreaker, 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, called Bob. It doesn't get better than this. And you know what we always say about football games? Whoever controls the line is going to win. And they really controlled the line. And they ripped their hearts out to the point where I have to tell you,

the Eagles just look dead in the water at the end of the game. my new Giants quarterback looks real deal I hate to say that so soon but he looks really good Jackson Dart yay anyway we're still two and four Phillies four and two but man everything's about the offensive and defensive line if you can control that right that's our sports for the day. So let's talk the market here. Kind of simplistic. Before we even came into today, what did we tell you about the market?

Well, we told you, restaurants, housing, housing related, most retail. Recently, the travel related like airlines and cruise lines, hotels, auto dealers, and autos. We have been telling you that some of the financials were going by the wayside, especially private equity and investment managers, truckers and rails. We have been telling you there's some oils that are better, but most blah. We have been telling you our left screen is laden with very, very weak technology slash stocks, while a select group has been the strength.

Well, they're getting the select group today, unfortunately. To what extent we don't know, it's just one day, but it's icky. And right now, as we move towards the close, Dowdown 760, NASDAQ down 715. Wish we had better news. I can now throw in the fact that, duh, today's worsening. Yesterday we did a little dissertation of stocks breaking the 50-day moving average. Guess what? More stocks broke the 50-day moving average today.

The problem we have now is we don't know what he's going to say next or do next. We don't know what the president's going to say. going to say next or do next. Therein lies our problem. And it's a pretty darn good problem. Because when you have one man that has such control, and just remember, he crashed the market back in April personally with Liberation Day and the uncertainty before Liberation Day. The banks broke the 50 day today. The regionals were already weak. The big banks and the banking area. That's a near-term top.

Worsening just everything. And as we've told you, the consumer areas like restaurants and retail and housing and airlines and cruise lines and hotels. Yikes. Something like a booking holdings? Yikes. Smeared. All because. the president, big tariffs on China. And why does China matter so much? Because they make a

crap load of stuff that comes over here. That's why. That's why they make a crap load of stuff that comes here. And they are the second biggest economy in the world. I think Europe together is close. I don't want to say here we go again, but I think that's apropos. Because as bad as it is as we go to the close, we don't know if he just changes his mind or pulls back over the weekend and we bust open to the upside Friday on Monday, excuse me. That's the deal we have with this man, who by the way, we praise profusely for what he's done in the Middle East. Thus my love dislike with the president, not love, hate. And there's your story. And it matters. There's your story. And it matters. As I look at the big indices in real time right now,

they have still not broke the 50 day. And really, all they have done is give back the last eight days of trading. So in the big scheme of things, not the biggest deal, but it's still sucks because it should not have to be it shouldn't have to be so we want to repeat a couple things we have absolutely no idea what's next from him zero percent as john vernon said in animal house zero point zero have no clue no clue if he changes his mind what do i think happens the market bounces is the die cast no matter what i don't know And what that means is, do we have wheels in motion no matter what? Meaning we would do for this to happen and this is the push?

I don't know. How's that for a lot of certainty? What else up next? On this, 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's stays put all day. Their zero-chafe thanks to four times more stretch than competing brands,

and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com Code Comfort. Tommy John. Comfort perfected. 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 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. 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 Coltbaum. It comes highly recommended.

You're going to feel better if you talk to him. And welcome once again. again to Investors Edge. So let's pieces of the puzzle number one. The technical condition is definitely worsened today. And what the technical condition is is chart patterns that typically play out. That said, when we're dealing with the President of the United States, the leader of the free world that has so much looking for a word, so much reactionary to him and his moves, you just got to throw up your arm to say you just don't know. Except to say we knew going into today.

We don't own retail, housing, housing related, rails, truckers, most of the oils. Well, we don't own any oils, but the oils, whenever a group is 90% not good, we're not buying the 10%. auto dealers, autos. And when we say retail, we mean retail of all kind. Recently, the airlines, cruise lines, hotels topped out. Waste management has been barris. The rails, truckers, transports, bleh. Insurance has been no friend, though they never get real, real bad.

What else? They just topped out recently some of the stronger casino stocks. the non-AI economically sensitive names. There's a bunch of them in down trends. As we said, I mean the restaurants, those aren't just bear markets. Those are brutal bear markets. The financials, we have been telling you recently, boy, these private equity companies, we even told you yesterday, look up first brands.

And we also mentioned yesterday these auto equipment stocks yesterday. Well, first brands is in that business, and that's cause and effect. There's a bankruptcy and there's worried about credit and all that crap. What else? The junk bonds, the junk bonds had topped yesterday. And guess what they're doing today? They're worse. So we got some market issues going on here right now, just letting you know.

And it's on the president, just letting you know. we say that with any bias, agenda, ulterior motive, but as fact, we have no clue, let me repeat this again because this is imperative, we have no clue if he looks at the mark and says,

holy crap and backtracks, or makes nicer. Because as I stated, these are his words. One of the policies that we are calculating at this moment is a massive increase of tariffs on Chinese products. That was the money quote. That was the money quote.

What we will do now is always when the market has a little strife. What ain't going down? What's holding up best? What's going on? The problem with that is at its initial move down, usually everything's taken down. And I do want to report to you. Next week, are you ready?

Tuesday before the open, get this, Black Rock City Group, Goldman Sachs, J.P. Morgan and Wells Fargo, monstrously sized banks, and Domino's Pizza. Wednesday before the open, ASML, very important semiconductor, which is getting trashed the last three days. Bank America, another big bank in Morgan Stanley. After the close on Wednesday is J.B. Hunt, Port and Trucker, and U.A.L. and Las Vegas Sands. Thursday before the Open Bank and New York, another big bank. Schwab.

M&T Bank, Key Corp, U.S. Bank, three regionals and travelers that's in the Dow, big insurance company. Thursday after Taiwan semi, or maybe in the morning, very important semi, and then Friday, American Express in the Dow, State Street Bank, Truist, the old SunTrust, and I still don't know why they change the name to truest. I don't get it. SunTrust is such a good name. SunTrust. Trueist. That's so stupid. Trueist. Does truest even mean anything, by the way? I'm Googling it. Truist. No, I got to do truest definition. Let's even this a word. Trueist can refer, oh, referring to a financial services company. How's that? Purpose driven financial service company.

So it's not even a word. So you go from SunTrust, SunTrust, the truest. It's just like Outback Steakhouse, went to Bloomin Brands? What? Facebook went to Meta? Huh? And I think they lost billions on meta anyhow. markets bounce a little bit

it's just down 820 it's now down 720 NASDAQ down 693 NASDAQ 10734 The SOX 370 transports 483 advanced declines of putrid Of course In the doubt of day

McDonald's is up Do you know McDonald's is like a defensive restaurant every time the market gets trashed It seems to like go up a little bit But that's been dead money For a long while anyhow McDonald's stock is done same as where it was March of 23.

And I used to live at McDonald's. In college, chicken McNuggets. I was the king of chicken McNuggets, but I never checked what they made chicken McNuggets with. If I did, I probably would have had them. So anyway, that's your market day. We're kind of sort of taken into the clothes. I mean, I really wish I had better news.

And I really wish I can give you some sort of sense of certainty. I can't. I the sense of certainty is the bare areas we're staying away from they worsen today the other sense of certainty is they're getting some other areas and names today and will avoid them to they until they get better but if president trump says never mind on the weekend get back up 700 points by the way i'm not kidding when i say that and it's that tough you know what else happened today which is actually a little bit of good news The 10-year yield is down a stick.

Down to 4.051, down 0.97, almost a stick. That's a huge drop. That's great for mortgages. Interesting enough, housing stocks aren't up, though, because the market's weak. But that's good to see. And oil prices. Down almost three bucks. That's good.

fundamentally. Can't ask for anything better. And by the way, oil prices looks like they're breaking to the downside here. That's good news. There's nothing better fundamentally than oil prices and interest rates dropping. Cost of capital and the cost of energy dropping is great news, but if it's dropping because of nefarious, that's not necessarily good news. But we'll take it for Now, as I'm looking at my screens, beat red except for food, beverage, tobacco, and why do they do well today? Oh, by the way, waste management also, because they're the most kind of sort of defensive areas. Gold's bouncing after yesterday's trashing. I will promise you gold would have been down today if the market wasn't down like it is.

But that's bouncing also. and in the Dow, you ready for the up? Johnson and Johnson, Coca-Cola, I mentioned McDonald's, and Walmart. And there's your day. It's 3.49 p.m. And again, we were coming into today. We were just going to praise profusely the president and blast. Have you noticed the free Palestine people and politicians are not out there?

Have you noticed that? Just so you know, they don't care about Palestine. They don't care about the Palestinians. They hate the Jews. They hate Israel. They hate democracy. That's really who these people are, by the way. Remember, all they cared about.

And you had a couple of mudhounds out there still talking apartheid and talking about occupation. And we just want you to remember again, Israel left Gaza in 2005, uprooted families, Jewish families took them out. and Gaza turned into a crap hole. Why? They plundered everything. Up next, we'll take you to the close. I'm Gary. This is the one only investor's edge. It's no use putting it off.

The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort.

Tommy John. Comfort perfected. 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'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. Spreaker, 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! Investors Edge with Gary Colpa.

Welcome once again to Investors Edge. It's 351, down 750 and 720. that's the Dow and the NASDAQ as we head into the close. And we just have to repeat again, and we mean this. We have no clue what happens on Monday because we don't know what the president's going to follow through with. And he has been known to backtrack. He is known to change his mind based on markets. We know that.

When he crashed the market back in April, they changed their mind over the weekend on the liberation trade. the Liberation Day tariffs because the markets were crashing and the economy was going to slow to a crawl. And on that Monday, they were rolling it back. But then a rumor came out that they were going to pause the Liberation Day. So because it leaked, they waited to Wednesday. And on Wednesday, boom. That's the whole story.

So we don't know. And we don't know if we gap down on Monday. We don't know if we gap up on Monday. We just know that before today, there was some freaking issues in the market already, and today it worsened. And typically the market is a forecaster of things to come. These days, it is a day for day based on the president. Whether it's the next deal, we've seen stock skyrocket in the last. three weeks, some very speculative stuff because they took positions in companies.

Or they announced this industry or that industry. So there's a lot of moving parts. And again, we hate that part. We want government out of the free markets. Republican or Democrat or Whig Party or independent does not matter to us. Again, no agenda, ulterior motive, or bias on that. And here we go again. What were our tactics today?

We took some off the table. Without name and names, ones that really had a China component to it. But we've still been writing up the big indices since right after April 24th. But I must tell you, we're going to make some decisions on that. Just in case. And we'll see what happens Monday. And Tuesday and Wednesday. And Thursday and Friday and Saturday.

Some of the strongest stocks in the market, just the machete came out and cut them off at the knees. That's what happened today. Even the best of the best. Names that look ready to break out? Nope. Names that were hanging in there? Nope.

and into the close we're falling off again down 820 down 774 yippee a again wish we had more to tell you but uncertain times it is and we like to put a good spin but it's very tough market doesn't care about us and we'll see what comes up if you'd like to email me over the weekend any questions but again we're in the midst of this moment where again the president goes front and center and causes some upheaval and what's next really don't know really don't know but come Monday we'll have a better idea and I can't begin to tell you how important this tariff thing is I can't begin to tell you how important this tariff thing is.

The hope is, the big hope is that he sees the market and recognizes the market's bigger than him. I can promise you that. We'll be doing big webcast this weekend if you want to join in. And I never even, I've never mentioned this, but why not this weekend? You go to GaryK.com and sign up for conviction leaders. There's one month free, no obligation. We'll do probably 500 stocks this weekend. Should be quite interesting.

We're really rooting for the guy, but he's getting in the face again. This should be easy, and he makes it difficult. Oh, but Gary, the market's been strong because they've gotten out of the way. and some bubbles besides the fact. In other news, I don't think I have other news. Wish I did.

You can read all about other news. The most important part of our equation will be scanning this thing into the weekend. As we head into the close, got about a minute left, 865 on the Dow, 812 on the NASDA.

try to have a great weekend. We will and 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 they will, be well. Thanks for joining. Good night. 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. Guys, it's no use putting it off. The best time for an underwomen.

refreshes now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John, Comfort perfected. 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.