Investor's Edge with Gary Kaltbaum - DC VERTIGO [04.22.2025]

Episode Date: April 22, 2025

https://garykaltbaum.com/

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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 of being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. April 22nd, it's Tuesday. It's 2025. And as usual, serious talk on everything that affects you. With no agenda, no ulterior motive, no bias. And we have to bring that up every single day now because we used to do a radio show that was basically the markets and the economy.

What's happening in the markets? What's leading? What's lagging? What to look at, be in, what to avoid. What we thought's happening in the real world and in business. We used to bring CEOs on the show. We had Scott McNeely of Sun Microsystems, Linda McMahon of the WD, I think it was WWF at that time. IBM, Gary Kelly, when he was the CFO for Southwest Airlines. but we stopped because we could never get any CEO to ever say anything untoward. Everything was great.

We never really talked politics. We never talked about the Fed. We never talked about printing money. Did we ever even talk about who was running? The White House? Every now and then. But then something happened. We noticed the compassionate conservative George Bush

spending and putting us in a lot of debt. So we had to talk about it. And of course, the Iraq War. We had to talk about it because not on whether it was the right thing to do, As you know, they handled it piss poor, but when all was said and done, our debt and deficits were going much higher. And then we got to Barack Obama. And he was worse. Debt and deficits.

And then the big lies, you can go Google Jonathan Gruber. and you will see a video of him. He's one of the architects of Obamacare that he admitted they had a lie about Obamacare and how it was done and the costs and the taxes and calling it this. And the reason they were able to get away with it is because they knew you were stupid. That's what Obama thought of you. As he quietly and silently raised taxes on your investment gains in Obamacare. just letting you know, as our debt and deficit skyrocketed.

And of course, at that time, Ben Bernanke, the central banker, who was one of the causes of the massive outage in the banking system, was able to convince, under Bush, by the way, it was Bush, not Obama, $800 billion of our tax dollars to save their arses. and you know who they are, the frauds, the crooks at the financial companies that nobody got indicted because they're so well connected to Washington, D.C. So we had to talk about it. And then Bernanke says, I got to print money, don't worry, it's temporary. Another lie. And then Yellen came in and she was the next, but she was part of the Ben Bernanke contingent. Ground Zero. So we had to talk about it as debt and deficits skyrocketed.

Oh, and who came in after Barack Obama? Oh, a guy named Donald Trump skyrocketing debt and deficits and spending, even though right before the election he said, oh, I'm Donald Trump, art of the deal. I can lower debt and deficits easily. And he came in and became just another politician and spend our way into oblivion. And then Joe Biden, you know, Joe, we consider him the worst ever president ever. Why? Four years of lying.

Four years up, I take it back three and a half years of open borders, just letting anybody in and not vetting. and then flying them in airplanes at two in the morning to different cities. And then six months before the election, they see their poll numbers on immigration are worse than Root Canal and Jockich. So all of a sudden, immigration was important and the border was important, and they got their corrupt friends at the media to start talking about it and blame the Republicans and run with it. and of course

$2 trillion yearly deficits massive inflation caused by about 80% Jay Powell, 20% his outer control spending his corruption, his giveaways don't tell me about the women of Afghanistan back in the dark ages

that the media is completely blacked out so we had to talk about all this stuff had no choice do you know why as we stayed on this show it affects you, your life, your job, your industry? Because we're now at $36 trillion of debt. Actually, I think we're about $37 trillion of debt.

$37 trillion of debt. Our first trillion of our tax dollars are going to interest. Not to the roads or bridges. Not to the elderly. Not to the young kids that may be hungry. Not to the indigent. Not to schools. Not to anything.

Interest because of them. And Social Security. As we have told you, it's a Ponzi scheme. What's the definition of a Ponzi scheme? Somebody else paying you off. All you retirees that are getting your Social Security right now, that's not your money. You're getting your Social Security from the workers today because all the money's gone.

But they say, don't want. worry, it's IOUs. And in 2004, when I did a radio show from the White House, because they wanted to talk about Social Security, and I interviewed people, the next week I got a call, they dropped it all because they said they're losing politically. And any time it's brought up, oh, you're throwing Grandma off the cliff. So we have to talk about it. Well, we're going to have to talk about this administration today because it's run amok. And we want them to succeed so badly. What a wonderful job they've done on the border.

They're saving lives. People are not dying, crossing the river anymore. Or in the back of trucks. Under Biden, tons of missing children. But there are other things that go on that need to be. talked about why because it affects you and it affects going forward but the first thing i want to do when i haven't even introduced ourselves today we'll do that in a bit i just want to let you know this week this week the dow is up 13 points oh excuse me 13 point 97 this week the nasdaq this week

excuse me, the NASDAQ this week is up 13.97. The Dow this week is down, let me make sure I got this right. The Dow this week is up 40 some odd points. The S&P 500 this week is up a measly five points. One tenth of one percent. The Dow is up 1,016 today after being down 971 today. The NASDAQ was up 429 today. After being down, I got to get the number right, I got to, after being down, what, 417 yesterday?

These wild swings will start with that and we'll explain everything else. This is the one 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 888-4-22-5-5-9. That's 888-4-2-5-9. That's 888-4-22-5-5-9. Investment Advisory Services offered through Call Bomb Capital Management.

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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. 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. Unbelievable, huh? On Monday, the Dow's up 971? Down in 971, the next day just above 1,000? What hell's going on? Well, first, let me state for the record, Tesla reported numbers and they were terrible. Their expectation was 41 cents. They came in at 27.

The expectation of revenues, $21.34 billion, came at $19.34 billion. But guess what? The stock is only down $3 to $238 on just terrible numbers. Why? I would suggest two things. it's already down from $488, and I'm gathering they're going to be talking up robotaxies and all that crap.

But also, listen carefully, I think there's a chance here that the market is making its first higher, low. And that's a day after we dropped almost 1,000 Dow points. What does a higher low mean? It means we went down to a number, rallied up, drop back down, let's say halfway or maybe two-thirds of the way, and stops going down and rallies off of a higher low. We think there's that chance, which could give some more impetus to go higher in the next.

near term. From the highs, all we have had is drops and bearish wedges. The way to stop that is a bearish wedge to only come down a certain amount and build a higher low and then do better. The jury is still out. Trust is low. tolerance is low. But today was a very strong day, the day after, a pretty ugly day yesterday. Now notice I said trust is low, tolerance is low. Why? Because the action has been insane.

What is about eight days ago? They did the pause. And we rallied up 2,000 some odd points. in a half hour. Two days before that, there were rumors of the pause, and we rallied up $2,500 in an hour and gave it all mostly back because they decided to change their mind that day. The high of last Monday, on the Dow, if I got my bearings right, and my screens work, actually the high of last Tuesday was 40,0791. You hit a low yesterday of 37830.

In four days, 40,000 797. You add that up. So maybe just maybe the market is exhausted to the downside, near term. I don't think we want to go any further in that. My screens today, where green as greens could be, except for gold, where I told my peeps today, if you're interested in buying gold or gold miners,

you probably want to wait as they went vertical. And the other part of the equation, why gold went vertical, is because the dollar just had been getting smoked, and that probably hit a low today. and that's why we may get some upside testing in the days ahead. Is it possible we have seen the final low? Anything is possible.

We're open to any and all outcomes, but a chance for a higher low, notwithstanding a crap load of earnings reports coming out, starting with Tesla, and boy, oh boy, those were crappy numbers, but the stock is, is it actually up in the aftermarket now? It may be up a buck or two. There you go.

That said, intuitive surgical, important medical name, is down 30 bucks in the aftermarket. You catch in my drift, you just don't know what earnings are going to do. That's why as we get close to any earnings reports, we ain't looking to buy that stock until afterwards. So strong day, strong advance decline day. I have no complaints of today as I speak. The NASDAQ volume was higher than yesterday.

That would state that this is a William O'Neill confirmation follow-through day, which is a characteristic that has always occurred before a bullish move, but not every follow-through day has led to a bullish move. But good to see. Tomorrow's another day. And as we stated, a ton of earnings to come out. And maybe it's noteworthy that Tesla's not getting smoked on crappy as all heck numbers, which may mean exhaustion of sellers.

I also want to mention Bitcoin, which broke back above the 50 days. yesterday, nicely up today. That may be a little bit of a harbinger also. We'll see. And again, muche earnings to come out. And we don't know what's going to win. We don't know what's going to lose. We don't know what's going to gap up. What's going to gap down? We'll just be paying a lot of attention and may I state for the reckon there is a ton of earnings to come out in the days and weeks ahead oh I got SAP reported earnings a German software company closed at 252 it's 265 nice move was 294s about eight weeks ago but nice move and maybe just maybe if things are wrung out WR you NG wrung out

maybe bad news is good news. We'll see. We have yet to do our final scans today, but very good day today, after a gross day yesterday. What does tomorrow bring? Beats the heck out of me. I'm just pissed the Knicks lost last night to Detroit Pistons.

They better get their act together. They should not go out in the first round. They've got a good team. Boy, is that irritating. So that's the market. Most everything green. Most everything is in downtrends, bigger picture. But the near term, maybe have that little higher low.

Up next, confusion. 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 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. 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 America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy.

With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Uh, ladies and gentlemen, Because I am a critic on some things of the President Trump, I get people email me, not many, because I think most people know me. My music's still going. It's still going. My music's still going.

Is anybody there? Thank you. No, it's still going. It is Boston, though. We critique them to help. them. We're not trying to persuade anybody. We're trying to give them a dose of logic and what the many you're thinking, because I got news for you. We're getting a lot of emails from people that love Trump that won't vote for them again. Well, they can't vote for again, but you get my point. They're pissed off. And not just because the markets are down. They're seeing the same things we're seeing. And the first question is just who are they? Who's Donald Trump? I bring that up because he said he's considering raising taxes.

What? Yes, they're considering raising taxes on anyone making more than a million dollars. Oh, but Gary, they make more than a million dollars. No, he's raising taxes. For people that have yelled and screamed about the Democratic Party that propose raising taxes. It's interesting they're considering raising taxes. Gives me the question of, who are they? Because we're not done. You know, everybody I know was very upset that Joe Biden was paying off student loans with our tax dollars to the tune of about 150 billion

of our tax dollars. Breaking contract law in order to buy votes. You see, I don't know if you know this when a student signs a loan. That means they own money and they're supposed to pay it off. Yet Joe Biden said, yeah, we're going to give you, give you, and he was picking and choosing who he liked. Screw the people that didn't go to college. Screw the people that paid off their loans. Ha, ha, you paid off your loans. Do you know Elizabeth Warren was once asked?

it's on video what do you tell the people who paid off their loans she's like laughed and why do I bring this up because it was all taxpayer funded which brings me to the next part the president is considering giving taxpayer dollars

to have a baby they're considering paying $5,000 for you to have a baby for women to have a baby and I think it's only the first baby. But it's our tax dollars. And if I'm going to be pissed off about our tax dollars paying off student loans, why do my tax dollars go to somebody to have a baby?

And yes, I know there are child tax credits and this and that. I'm dealing with the here and now, kids. And it calls into question, conservative? Tariffs. A tax on us. Conservative? That's just one part of the equation today. Because here's the other part. I'm really tired of their BS.

And I'd say it to their face. At 111 today, the Treasury Secretary said, we're looking to de-escalate with China. at 111 today. And then he said, and by the way, we don't make any of this up. He's optimistic on trade with China. The president came out and said,

things are moving in the right direction on China, and that's a quote. Bessent came out and then said, a deal is close to being done with China. A quote. The market ramped a couple of hundred points on that. and then said there have been no formal talks with China

the president came out and said things are moving in the right direction on China Besson said they've had no formal talks so why would the president say things are moving in the right direction on China you're catching my drift this has got to stop enough

they don't stop Then it came out that the White House is, this is all from them, close to agreements with India and Japan to prevent tariffs, but the final trade could take months. So they're echoing what I already told you that trade deals usually take a very long time, they don't happen in days. Then they came out and said there's 18 deals on the table, but won't mention who and what kind of deals. You're catching the drift? they've got to stop they're trying to move mountains they're trying to move the needle

they're trying to move markets and I worry one day of the boy who cried wolf syndrome they don't have to do this just say we're working on it we're trying to expedite it and we know what we have to do

no they're making it up as they go along and they are contradicting each other into oblivion. And this isn't just me talking. I'm getting it from people who are MAGA. And if we hear complained about the BS coming from Biden every single day, I've got to call this out. And again, they don't have to.

We're working on it. we know it has to be done nope a whole day of contradictions the good news is fortunately the market had a good day and that's what we are going to be concentrating on we don't care what the reason why

we don't care about the outcome and reaction and we think what's happened here near term is the dollar that has been sinking like a stone is now going to do a countertrent and should help the market? Maybe. Why do we say maybe? A thousand down yesterday, a thousand up today. And that's after recently 2,000 point moves.

So we'll be hopeful. We always believe in us and the business of us. But man, oh man. Exhausting. Exhausting. Moving on, new yearly high list. I've got Kroger, a supermarket. All the golds are now off the new yearly high list.

I got a tobacco stock. I got Hertz because somebody's taken a position. Netflix hit a new yearly high. Today it was up 75, finished up 51. Remember, that's our number one name. But how to wait for earnings. And the next day is up strong. We'll see how that plays out.

And now we'll await a ton more earnings. And I actually think it's decent that Tesla, as I speak now, is flat in the aftermarket. Yeah, it's flat. If it stays that way, the option traders are going to lose a bunch of bucks. Because I think there was an 8% whatcha-madugi after the close on which way they were betting on Tesla up or down. We think that may be, exhaustive. exhaustion of sellers, and Tesla is down, let's call it about 50. It's more than 50% from the highs of December. And let me repeat, the numbers were not good at all. Earnings and sales both down.

But I'm sure they'll be talking a big game in the conference call. And I'm sure we'll hear Elon Musk will be done with Doge soon, which we already know. Up next We'll stick with the markets 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 chafed thanks to four times more stretch than competing brands And their innovative horizontal Quick Drop 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 last. 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 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. 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 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. Investors Edge with Gary Culper. And welcome once again to Investor's Age.

Thanks for being with us today. Dang, my screens are green, green. Green as green can be today. Anything that was down today, that's bad news for that stock. What was down today? Northrop Grumman, down 67 on their earnings. Raytheon, another defense, down 12, and it's about 10% on their earnings. Hey, two names were down.

Wingstop was down. I can hardly find the stock that was down today. Canadian National Rail was down. Canadian Pacific Another Canadian rail was down Ew Not much else Kimberly Clark was down

I guess they didn't sell a lot of diapers Anyway good day So let me say it again I think there's a chance We just put in a higher low today And I save that knowing A thousand down yesterday A thousand up today

I say that I'm also just adding in Maybe Tesla's numbers were brutally bad and the stock's up a dollar in the aftermarket. After a 50% drop, we'll see. I wouldn't be surprised some upside testing from here in a bigger downtrend.

So that's really near-term stuff. Father out, I think the market's got a lot of work to do. What we will do with you, if it does improve, For all I know, we drop a thousand tomorrow. What usually happens is cream rises to the top pretty quickly. Usually. But of course, we've got earnings that we have to deal with. And we watch them closely.

We start posting up all the gaps to the upside and downside. Doesn't matter. We do it without any bias. And as I said, SAP is up nicely in the aftermarket, though I'm seeing where it would open tomorrow. it still needs a lot of work. But intuitive surgels getting yonked. Now down 35 bucks.

Tesla, up a buck. I ain't going to do nothing for me. But we're going to recognize that around 220, it's showing some support, though the number is really bad. And we'll just see how Netflix was up, I don't know how much yesterday. Only up in the teens, it was up 40 at one time.

Boom, up 50 today. Wanted to go up yesterday, but a thousand point drop was keeping it down. I even said to Charles Payne yesterday that if the market was flat yesterday, it would be up 50 bucks. Looks like it did that today. And what we're going to do tonight is we're going to scan and scan. We kind of know what we're going to find is near-term lows that maybe can turn into better. I note 3M reported in the Dow was up 10 bucks today, and that was 65 Dow points. And on the minus 1% sales growth, well, I have an interest in it hell now, minus 1% sales growth.

I notice McDonald's in the Dow hasn't reported yet. That looks like it's about to break out of a six-month trading range. on zero percent sales growth and four percent drop in earnings but they i guess people are saying that was part of that i guess they had an e coli incident am i correct in saying that the problem is other restaurants have been smoked we'd like to see better of the group though domino's pizza is trying to come up the right side right now but needs a lot of work yeah domino's needs a lot of work Dang it. It's not even where it was in 21.

So we're on earnings notice. We're going to continue to pay attention to them. We hope one day they stop with the noise on the tariffs and just get the crap done. And they don't have to do all the extracurricular activity. in yapping. We don't get it. If they really believe in the markets and going forward, they can just get the job done.

The markets will take care of themselves. But it feels like they're just trying to goose things. And I'm hoping they don't goose it the wrong way, because I got news for you. This year, this year, I'm pretty sure NASDAQ still down about 16%. The S&P 10. The Russell 15 and that's dead.

Even the Russell was up a little bit today. About 2%. If anything changes, we'll let you know. But the theme today, potential for the first higher low, meaning we did not go back to the crash lows and this

laided nasty as hell pullback aborted today with today's action of course if tomorrow we drop below today's lows

that would not be good news that would change that complexion but I would suggest I would suggest I think we're okay the second. Notwithstanding anything that decides to blow up on earnings reports, and we got one in the after market with intuitive surgical.

We'll see what Tamar brings. By the way, Tomar, Boeing and the Dow, Norfolk Southern Old Dominion Freight, couple of tobacco stocks. After the close tomorrow, IBM, Lamb Research, Las Vegas, Sanzaro, Riley Automotive, Chipotle, Alaska Air, Raymond James, Reliance Steel. Yay. Game on. Let's hope.

I forgot to mention this is Gary Kalbaum and this is Investor's Edge. Serious talk. And if you don't get this show, check out GaryK.com. We'll also post it on our Twitter feed, which is now X. And if you'd like to email us, just be nice. You'll 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. Good night.

This has been Investor's Edge with Gary Coltbaum 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 underwear refrable. 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.

access is subject to change. See Capital One.com for details.