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Crappy week in review [10.23.2026]

October 23, 20260 comments♥ 0
00:00Investor's Edge with Gary Coltbaum.Straight talk about you and your money.Now from the BizTalk Studios, here is Gary Coltbaum.And welcome once again to Investors Edge.I'm Gary Coltbaum, your host day.Thanks for being with us today.Glad you here, ladies and gentlemen.Happy that you are listening.
00:19It's the 23rd of October, Friday, 2026.Hope you're having a good day.Hope you will have a good weekend.I have nothing good to say.Sorry.But we have warned you.Hopefully you've been listening.We'll cover it all.
00:42And we will be pointed, blunt, with no ulterior motive, no bias, no agenda.We'll get into it in a minute.Hey, this show is about everything that affects you.We'll do the market, the economy, your job, your industry, the corruption in D.C., the scams and shams, the disgust I have for them, the election, and whatever else.And if you do not get this show in your city, we'll post it at garyk.com.All's posted on our ex-feed.And if you don't follow us on next, you should.Just put our name in.
01:32If you'd like to email us, just be nice, just be respectful.I have to tell you a story.Last night, as you know, I'm on X.I don't post that much on the market.Because regulatory environment, I'm very careful.But I have been posting lately on occasion about how bad the markets are.what they're doing, you get that.So last night in a continuation, I wrote innocuously, notice the big word,
02:15with artificial intelligence area and semiconductors, this is not a garden variety correction.It's not a dip.It's now a, I don't remember the exact word, but brutal bare market.meltdown type of thing. And then I went on to say, and I must tell you, seeing the CEO ofNVIDIA come out twice to defend core weave, which they're tightly close with, gives pause.I had about 25,000 views, which is a lot, not monstrous, and just select a few more.And I'm careful with my words.Oh, you're just trying to talk things down.
03:08You're the worst types of a person.I mean, I got attacked.And you know when I say the words tic-tac-toe, you can't win, so don't even play the game, meaning debate?I decided to answer a little bit.I'm just reporting what's going on.It didn't help.You know what I did?I blocked people, and I don't do that often, and I just deleted it.
03:37And I left it at that.People, select few, are just nuts.Hateful, moron, nuts.And I can only imagine what others get.I can only imagine.I got so pissed off.What does a matter with these people?But anyway, I just knocked it out.
04:09What can I tell you?So, Brent Crude, Brent, 117, up four bucks today.Another high.Light Sweet.103.65 up $4.You know, we have told you on this show, just unbelievable miscalculations by this administration on Iran.Unbelievable. We have told you on this show we cannot believe that this president conducts a war over social media.We cannot believe that this president daily just comes out and lies about everything and it's all easily able to trace.
05:06They had two weeks to nuclear. Complete lie. Even their own intelligence came out and said it's a lie.We won, lie, one, lie, one, lie, knock them, lie, lie, lie, lie, every day, another lie.And now we're hearing rumblings that they're going to knock their asses out again after the election.I'm like, why?Why would you have to do that when we're being told by this president, we have destroyed their nuclear capability, they've destroyed their army, we've destroyed their navy, why all of a sudden?Let's backtrack.Oil 117 on Brent, light sweep crude, 103.61.That is terrible news.
06:04And it tells me, regardless of the protestations from this president and the administration that they're in control, they have no control.Except we have a great military.We're also finding out that they've also covered up.A lot of our bases in the Middle East have been destroyed.They covered it up.They covered up how many injured?Covered up.But for our purposes, no control.
06:36And today, Dow down 652.Why do I start with that?Because the Dow outperformed yesterdayand came out of the box today dropping like a rock.Remember yesterday some of the areasthat have been dead had a real strong day.They got creamed today.Remember we came on the show and reported to you?
07:00Geez, the retail stocks, good day.Creamed.We said transports and airlines, better day.Creamed.We said insurance had a great day yesterday.Creamed.Staples yesterday.Creamed.
07:19Restaurants, creamed.Financials, creamed.Dowed down, 652.But don't worry, everything's okay.What got creamed yesterday was the artificial intelligence trade and the semiconductors.They actually outperform today.But I don't believe that outperformance is based on strength.It's outperformance based on, they've been creamed.
07:53Do you know the socks, the Philadelphia Semiconductor Index, went down 20% in 12 days?Well, we know.So they outperformed today.The socks was up 47.But that's not the area of technology I really want to discuss.What had a very good day today was those software names.The ones that got creamed a couple of Fridays ago and may be resolving better.I'll cover them in a few minutes.
08:27But oil prices.And by the way,Presidents out every day, well, it's the price you pay.No, it's the price you pay for stupidity.They weren't two weeks from nuclear.Their own intelligence said they're years away.The miscalculations all the way.And look what's happened.
08:58At the pump, where you get your gas,and another 10 cents in the next week, maybe more.And I keep asking what the hell is going on.You know what they're telling us?There's more oil than ever before.Pumping more oil than ever before.Oil this and that, whatever before.We want to name the Hormuz straight, the Trump straight.
09:28We control it.The outcome.Brent, 117.13, up $3.96, the $3.96 in $3.96 in new high.light sweet 103.67 up $4.20.20 cents.But don't worry, everything's fine.They got you back.While they lose their arses a week from Tuesday because of this,while the president every day on the stump is saying,
10:06you know, affordability is a con,conjured up by the other party.We're just reporting the news, ladies and gentlemen, whether you like it or not, whether you like him or not, whether you hate him or not.We do it without any agenda, ulterior motive, or bias.We take no joy.Up next.What else in the markets?This is the one only Investors Edge.
10:37Hi, 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.
11:28Understanding not all individuals have the same needs,we'll carefully evaluate your personal goalsto 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 888-4-22-5-5-9.That's 8-8-5-9.That's 888-4-2-2-5-9.
11:57Investment Advisory Services offered through call-bomb capital management.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.
12:34All right, let me finish the president off with a couple of more things.Go read up about this yachts in Ohio.Is that right, Ohio?Ramaswami and an ad they're running.Go read up.President said he's all for it.Tells you what type of people you're dealing with here, unfortunately.But here we go again.
13:04I hope you're happy about this. We're not.President Donald Trump on Friday said he told his administration to file its lawsuit to block certification of the U.S. Senate race in Alaska if the Republican loses, kicking off what many fear could become a lengthy battle between the government and states over certifying an election where the president's party is struggling.The president came out and said, I'm the one that said to do it.Do you hear my silence?Do you hear my silence?The lawsuit filed late Thursday centers on one of the president's longstanding complaints.The presence of a second candidate named Dan Sullivan, who Republicans fear could siphon away votes from the incumbent at what's likely to be a photo finish.Contest with Democrat Mary Peltola, the state's former congresswoman.
14:22The second Sullivan, who is Daniel J. Sullivan from the tiny fishing community of Petersburg, has said he decided to run on his own, but Republicans have contended.He is a Democratic plant to siphon votes away from their candidate.I bet I'm going to have people say good, because that's wrong.We'll see how next Tuesday goes.We'll hold our thoughts after Tuesday on this.But you know what he did in 2020?bull crap that led to January 6th, who he pardoned, blanket pardoned every one of those criminals,and it looks like his modus operandi has not changed. I expect more of the same out of the
15:26sore loser. And again, I wish this was otherwise. We don't have TDS. We have proofed arrangementsyndrome. And we're tired of all this. And we're already tired of what we think's going to happenon Tuesday when they lose the House and possibly the Senate from this sore loser. Notice my silence.And when you do have a chance, go look at how sickening that ad from Ramoswamy, Vivek, is running.Remember, we don't see R or D, we see policy, we see people, and their modus operandi's and their actions.We can't stand the left.These lefties suck.They're illogical.
16:49But we're looking for heroes otherwise.And I got news for you.I have none.from the top down, corrupt, lying, thieving, cheating, stealing, on and on, and two trilliondollars deficits.You can tell how frustrated I am with some of this new news.And if he loses, I can only imagine what the next two years are going to be like.and your Brent oil, which ties to your gas tanks, $117.
17:44You should be pissed.You really should.And we know you are because we see what the poll numbers are,and we don't believe in polls unless they go to extremes.Oh, and they're extreme.So Dow down 652, S&P down 39,NASDAQ only 53, and the NASDAQ 100, down 1.but I think it was down like 800 yesterday.
18:16In the Dow today, just everything tanked early.Amgen 8, American Express on earnings, down 12, Caterpillar being murdered down 17, Goldman Sachs 15, Google another three.Home Depot, 8.Home Depot had a good day yesterday, gives it almost all back.Why?Oh, yield started backing right back up after a great day yesterday.Johnson & Johnson 4 JPMorgan 5 coat two and a half Mert 2 McDonald's 4 3m 2 and video 1 Nike 1 when are they taking Nike out of the DowProcter & Gamble good action yesterday on earnings down 3 and change today Sherwin Williams down 8 Travelers down 7
18:59United Health down 7 Visa down 6 and change that's been strong Walmart down 1 in changeOn the upside, guess what?Chevron.Oil, up six and a half.I mentioned software.CrowdStrike 19, data dog, 11, net up 22, octa up 10, Palo Alto up 25, snowflake up 11,Twilio up 8th, Z scale up 16.Very strong day for those names.
19:32A reminder, though, they got clipped but good.Recently, this is recovery, some of the names, new highs.That is amazing relative strength versus everything else in technology,because everything else in technology, most everything has crashed.Not Microsoft, not Apple, not Salesforce, but a lot else.And as I said, yesterday, very good day for the broad market.Today, I'll just give it back.And again, oil prices.
20:17117 on Brent, 103 and a half on LightSuite.Brent is most tied to what happens at the pump, and that ain't good news.Up next, what else can I thrill you with?This is the one that only investors are listening to.Investors Edge.He's got to be pleased with that.The crowd is just on his feet here.He's a Cinderella boy.
21:22With Gary Colbomb.It comes highly recommended.You're going to feel better if you talk to him.Welcome once again to Investors Edge.Some sad news.It looks like I have not made it into the top five of who is going to be the next James Bond.I was hopeful, but it's not going to be me.Oh, well.
22:02my favorite well my two favorite Sean Connery who was the original I loved Roger Moore because you had some comedy you ever watch Live and Let Die with the sheriff J.W. Pepper?I thought I was fantastic. I thought Roger Moore was terrific. But Sean Connery, this new guy did what was a Daniel Craig?I was cool with.It didn't feel like James Bond, though, that I'm used to.But it was good, and that's some good storylines.Who else was it James Bond?Timothy Dalton, I can take him or leave him.I can watch all the Roger Moore and Sean Connery movies, all of those.
23:06Speaking of those movies, those times.I watched Raiders of the Lost Ark last week.I think for the 50th time.I'm pretty sure for the 50th.I think the only movie I've ever watched more.Well, two.Shawshank and the Godfather.Shawshank, what a movie.
23:37And didn't even do well at the theater.And then all of a sudden got word of mouth and boom,get busy living.And just the Godfather.And Godfather, too, I haven't watched a lot,but that was incredible also.Godfather's, what a, what a,unbelievable put-together movie.
24:06And you always think, can anybody else play that?No.Absolutely not.Hey, we move on.So we'll go into next week.The market sucks.Artificial intelligence, semis have crumbled.Semis were down 20% over 12 days,
24:32and that's from the lower high.But the artificial intelligence rate,that is, that's a crumble.We can call,listen, when you haveCoreWeave go from 187to 54, that's a crash.And you know, we are not
24:50in the predicting game.We're in the interpreting game.But I am letting you know it feels likejust based on what I remember fromyesterdayPandora's Boxis this core weave.And I think there was reasoning
25:10why the CEOof NVIDIA came out to defend their stock and their bonds.They're tied together.Being banned news for NVIDIA, of Corweave has problems.And you know what the problem is already?They're paying 15% on bonds now.Their credit default swamps have skyrocketed.That's investors paying up to protect from default on bonds.
25:42Think about that.Yet Goldman at 62 bucks, upgraded it, it's 54 now.And I'm wondering what was that about?Because I got news for you.I'm a dummy.Goldman's smart.They got brilliant people on these things.And they put a buy recommendation on a company
26:11whose bonds are crashingand yields of skyrocketingwhere the credit default swapsto ensure skyrocketing,where they're losing their assregardless of their sales,very weird if they ask me.But yet also,
26:40oracles gone from 345 to 126after announcing a $500 billionbacklog.Again, we don't.predict but something's wrong and we're already seeing data centers beingcanceled Microsoft just did we're seeing access to debt tougher because ofyields higher SpaceX they just did another they just did 40 billion dollars likeit's nothing eight and a half percent they're paid eight and a half I
27:25wouldn't even buy it at eight and a halfSo we really hope you've been listening on this. If you have, you have sidestepped the brutalbare market where, by the way, today, fix down 118 on their earnings. Highly touted symbol B.E.Bloom Energy down 24 to 193 on their earnings. Western Digital down another 12 to 342 on theirearnings. Meta down 50 bucks on their earnings. And meta announced some weird numbers on what they'redoing going forward to pay for this, that, the other thing. And that's what kicked the stock inin that, you know what. We will stay on this for us and we'll stay on it for you. But in the AI space,and the semiconductor space, more in the AI space, this is a crumble.
28:47And I can list a couple of dozen, if not a few dozen, of things down 50, 60, and 70.Go look at A-A-O-I, FPS, GLW.That's Corning.V-R-T, highly touted data centers.I think that's in the 40s.FN, I think that's in the 50s or 60s.If anything changes, we will let you know.But this week, headline worsening, except for those software names.
29:34Oil stock strong today.Oil services recovered a bunch, that's been the weak area.But the big oil, the X-L-E, and the Explores X-O-P, new highs.And of course, oil prices causing that problem.Maybe next week it'll be better.Don't know.It's a long weekend.And do not forget, there's a lot of states with early voting.
30:13if you can get your buts there get it all doneI think what did I say I did it?Tuesday I voted on Tuesdaydidn't have to wait one seconddon't wait till they line upand vote your conscienceand we wish you the bestit's going to be very interesting the house has gone
30:48for the Republicans, the Senate going to be real interesting.And guess what happens the next day?They start quietly lining up to run for the president of 2000, from 2028, which would starton January of 2009.That's when it's, it's going to start that quickly.That's how it rolls.Going to be interesting.I keep hearing Kamala may run
31:27that the woman should justtake a powderhey up nextwhat else we're seeingany better newsthis is the one only investors edgeyou're listening towhat are we waiting for what are you waiting for
32:18one twoready goinvestors edgewith Gary Culperonce again to Investors' EdgeHey, thanks for being with us today.Hey, just another big thanks.We're still getting emails from people on My Winston.
33:08We're still getting emails.And I have to tell you, and I'm pretty sure you all feel the same way about your pet.They make you feel like you're so important.Winston made me feel important and needed.24-7, my dog.Before Winston, we had Cosmo and Winston.Cosmo was more laid back.You would have thought Cosmo was on weed.
33:55Just laid back the cool kid.Yeah, you know, I'm good.Hey, you know, put on some Bob Marley and some Grateful Dead.Let me just hang out.That was Cosmo. Winston, he was at my feet. Every step forward he would take, every step backward he would take with me. Left, he'd go left, right, he'd go right. If my wife was walking him, he was 50 yards away and he sees me, she lets go with a leash, and he runs right down to my feet and stops, looks up at me with those beautiful eyes.what can I do for your dad?But actually it's what you can do for me.That was Winston.
34:55When he could hop on the bed, which stopped in the last few months,my feet.I could not move in between my feet.And I got so used to it.Once he couldn't get up on the bed, we got a bed for him,we moved it around from one room to the next.and up until about a week before, he was still barking up the storm, but we knew.We knew.
35:30Anyway, we're still getting emails.We thank you so much.It is a definitive void in my life right now.Definitive void.When Cosmo went, I had Winston.to help out.Now, the big void.You all have helped.
36:00We thank you.And you all told me your stories also.We thank you.I wish I had something better to say,those software stocks,strong into Monday.Big oil, Chevron, B.P., Conoco, Exxon,strong.
36:31Refiners, strong.Oil services not strong.A bunch of those, but did have a good day today.Healthcare, been strong.But had a rough day today.We'll see if that lasts.Moderna looks like it may have topped out.Insurance stocks have been strong.
36:56Got yonked today.Financials, MasterCard and Visa is about it.The rest of the financials from the regionals, the S&Ls, the big banks.Fairface.Retail.Some ports in the storm.Not today.But still, Abercrombie and Fitch, BJ's wholesale, Best Buy, FIG's,
37:29Coles, Sinette Jewelers, Urban Outfitters,act pretty damn good.But things like Burlington and Boot Barn,acting like the north end of a south end jackass.So a lot of difference there.Just overall, it's a mess.17 up 29 down on the New York today.18 up 29 down on the NASDAQ.
38:02Again, new low swamped, new highs.and I gather when I go to look, there can be a bunch of new highs in oils today,and maybe a few in the software, but that be about it.Be patient, protect a capital, bearish phase happen.The big indices have held up much better than average stock,but they got them to a certain degree this week.If they get big stuff going forward, remember 15.Stocks are 47% of the S&P 500 market cap, 485 is 53%.
38:53Think about the influence on that 15.And you know where they are.You know who they are.Starting with, I believe, Apple now is number one again.And that hit new eye ground today before falling back at the end of the day.on their new $2,000 iPhone, which, by the way, is selling fabulously they're saying.I think they called it extraordinary.But at 40 times earnings, I believe that's where Apple's sitting right now, that's heavy duty.
39:33Heavy duty.So into next week, oil yields.Yields nice drop.Oil, not a nice move to the upper.upside. And the rumors that were about the clunk Iran again, no help. But I still have the question,why are we at new highs if supposedly we won? We knocked their asses out. We control the straight.We've got more oil than ever. Something is not right. And let's hope it changes.Have a great weekend, drive carefully when you get home, do like we do, quite simple.
40:14make sure you hug your family, hug your children, hug your pet.Until Monday, peace out all.Good night.This has been Investors Edge with Gary Cult Bomb on BizTalk.To listen to past episodes or to get in contact with Gary, go to GaryK.com.That's GaryK.com.