Investor's Edge with Gary Kaltbaum - Dollar swoon! [07.21.2025]

Episode Date: July 21, 2025

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community, because we believe where you get your medicine matters. So visit us at cbs.com, or just come by store. We can't wait to meet you. Store hours vary by location. 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. It is the 21st. I had a look. It's July, 2000, 25. Hope you're having a good day. Hope you had a good weekend. I did a lot of traveling this weekend, ladies and gentlemen, and I must tell you, flying back and forth from the Northeast Corridor, what a pain in the rear. In case you don't know, there's some issues, and then if weather comes up, let's just say, whatever time your flight is, just to add 90 minutes for starters. That's what what's been going on. I'm prepped. I get the lounges. Anyway, I hope you had a good weekend. As always, we have a bunch to talk about. In the last couple of weeks, I have taken the time

to talk to you about froth and speculation and junk. And when we use the term junk in the markets, nothing personal against the company, but any company that has no sales in our world is junk. We'll get into that because we have some things to say. And of course, we'll talk markets, the economy, your job, your industry, the BS out of DC, and boy, it is being spewed a lot, both parties as usual. Well, we'll cover that. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter on our X feed, which used to be Twitter. And if you don't follow us, the next you should. And if you do not, If you'd like to email us, just be nice.

By the way, we'll post them on the podcast apps. And the biz radio, I got to get the name, their YouTube channel. They have one. We're going to start with froth and speculation. Every now and then you get into moments in the market. We have froth and speculation become what we call insane. And we don't put it down because if you can catch them, if you catch them at the time, there's some big money to make. We have highlighted stocks for you recently that went from like

one to 25 and two days, back to one though. But we always warn you about this because the loudest noise on some of these things are after the move. We're always wary after a big move in any company when it gets the CEO gets on the cover of newsweek or something like that that only gets reported after big moves so anyway we've been talking about nuclear stocks quantum computing stocks air taxis drones uh no driver vehicles And we've just been simply saying to you, don't be the last one in. We also say to you, we don't know how far it goes, how long it lasts, but we do know by precedent, and we did this few times in the last few weeks, by precedent, if nothing changes,

they'll go back to where they came from. And how do we know this? Well, we spend our time watching markets, but studying markets, going backwards, to when crazy happened. And what we mean by crazy is buy at any price regardless of the company because it's on the move. And again, we're not here to put down the companies. we're sure some of these companies may end up being big. But we've warned you on many occasions, if you recall, for you, Rivian. $78 IPO was 180 within a couple of days.

And we simply said to you that they hadn't sold a car. but the market cap was almost as big as Ford and GM and Ford and GM had $260 billion of sales well Rivian went from 180 the IPO was 78 right actually hit a low of 8 it's at 13 bucks right now and by the way they do sell a lot of cars now but they've never made a dime

So 1 78 to 13. That was one of the big ones. Because we got, I wouldn't call them death threats. We got threats from people because we came out and said, well, we think it's worth 10 bucks. Just based on shares outstanding in what they had. The NFTs, we told you it was nonsense. We couldn't believe it.

What was going on? I still remember somebody bought one for like $2 million and tried to sell it and couldn't get $50. When all hell is breaking loose, it's our job to keep your feet on the ground. Well, we're just letting you know, we do not know exact timing. No way of knowing. We are letting you know we think there's a chance. we're nearing a moment or at a moment where the froth is going to come off

because of how much of a move has been made in companies that just have no sales. Maybe they have promise, but no sales. And amazingly, we were able to tell you of companies with no sales that had been public for 15 years and they're being frothed to the upside. 15 years of being public

and promising sales and never having one. I don't even know how you stay public. So recently, you just had these moves and I want to repeat something if nothing changes. That's all.

And we've heard of news partnerships and the like. But we've heard that before. So if you want to pay $13 billion for a company with no sales or $9 billion, for a company with no sales or $6 billion with a company with no sales, God bless, don't be the last one in. I think I'm getting the feeling that we're getting close. if not at hand, that these things are going to have the snot beat out of them. Because

why can't a $13 billion market cap with no sales go down to $3 billion, which is more than 75%, and still be ridiculously overvalued? So just be careful, be smart. Again, would you buy a home that's being offered at 300 grand and hand them 2 million. It's just simple questions. It's just simple questions. So we're letting you know again. We think we may be close. They hit a few today,

but my thoughts are not on what happened today. My thoughts on, sometimes your handsome and buff toast has a decent feel of what's happening now. And I just think the attitude and the atmosphere, I'm seeing a little too much expectation that nothing can go wrong. and they're headed to the moon. Again, no sales. One of them with 13 billion market cap, a bunch of them between 5 and 10. Up next, Scott Sheffler.

A lesson. 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,

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Investment Advisory Services offered through Call Bomb Capital Management. Hi, I'm Dr. Jay Goodman, host of Beyond the Script. where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

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right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. It's time to switch on the integrator units and get the brain sales 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 uh welcome once again to investors edge

uh final numbers the dow uh was up 250 and finished down 19 i wouldn't take too much from that except maybe We're at a little moment here. The S&P was up eight. I'm going to guess the S&P was much higher. Yeah, 63.36. It was up 40. Finished only up eight. The NASDAQ finished up 78.

Okay. At one time today was up 180. NASDAQ 100 finished up 114. Transports finished down 21. So you got a little sell down. I just noticed at the end of the day, the financials, banks were strong early, they got sold into.

Economically sensitive things, well, whenever I say to you, something like, hey, United Rentals was down 30 bucks today, that's something. So economically sensitive got hit. But I also want to reiterate. We have been stating to you certain areas that we would avoid. One of them, and I kind of think it's kind of sort of one A, one B,

managed care, HMOs, and insurance stocks. We've been telling you to avoid those areas. They are in bearish phase of unknown price and time with the managed care HMOs have just crashed. Crashed. United Health 606 to 282 is a crash. Centine 80 to 27 is a crash. And we really hope you've been listening. Manor 400 to 223.

How about this Elevance? 567 to 276. So when we say to you, avoid an area, we always give you the other part. We don't know how long that lasts, how far it goes, but we've stayed a void and boy, oh boy, smoked. Now, insurance stocks are in a bearish phase, but nothing. to get twisted over. We think, along with the managed care, go look at the XLV.

It's the Healthcare Select Index Fund, ETF. We'd avoid a lot of the medicals, a lot of the medicals, whether it's thermo-fisher scientific, or whether it's Merck, or whether it's Regeneron Pharmaceutical, brutal bear market 1200 to 545

and 11 months we've been telling you to avoid these areas even they just topped out places you get your blood nothing bad but they've topped that's Quest Diagnostics and LabCore

I just got my blood done at LabCore recently and she was very good I didn't feel the thing drug stocks Abbott Lab just got smoked on earnings. How about ABV, 218, no, it's 184, not the end of the world.

Eli Lilly, supposedly the end-all-be-all. By the way, Eli Lilly hit that big high back in July of 24 at 966 at 762. So we would avoid health care. And those are kind of sort of name. We've also told you waste management. which was stronger now in their own bearish phase. Go look at WM and RSG and things. And anything breaking below the 50-day moving average?

Avoid. And whatever else. But those are the main ones. Oils for the most part, not all. Avoid. So just keep all that in mind. And if the changes, we'll let you know. But the big thing for me this second, I think the froth may come off a little bit here.

Thinking the froth is going to come off, which takes me to the dollar. In case you don't know, the market has been liking the dollar swooning, our dollar versus other currencies. And what does that mean? Well, if it takes $1.30 to buy a pound in London when it was $1.10 a year ago, well, you know, that's a tougher trip to London. And of course, it's better for the Londoners to come over to the United States. Also, it helps our multinationals because they have a bunch more, can buy a lot more of our stuff. But when does it come a point where the market starts thinking about what's wrong? Why is our dollar swooning?

What's the story behind that? And when we ever get a point where the market gets in trouble because of that, my only two words for that are stay tuned. The weak dollar has helped as of recent. including today, we're getting a little wary about the weak dollar. On that note, gold today, I'm going to quote my good buddy Gil Morales. I think he would say today was a pocket pivot on gold, GLD, as it's been about 13 weeks of tight range bound,

and looks like it's trying to turn up off of that tight range bound action as of today. And the gold miners looks the same. And why would that happen? Well, go look. Go Google the words. Why would gold go up if the dollar goes down? Why would commodities go up if the dollar goes down? And vice versa.

Check it out. Learn about it. The story goes, things are denominated in the dollar and that's how it works but go look it up the dollar swooned again today gold

had this little pocket pivot didn't break out yet but could be on the verge and just a not so great finish to today maybe getting a little bit tired this market we'll see not 100% sure and why would the dollar keep swooning?

Well, I think the president up next. That. And then Scott Sheffler. This is the one only investors out. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health. with CVS pharmacist Victoria Motola,

who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like, I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that, generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Cashflow crunch? OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover, seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat.

With flexible draws, transparent pricing, and control over repay. get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by on deck or Celtic Bank. On deck does not lend in North Dakota, all loans an amount subject to lender approval. 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. And welcome once again to invest.

As you know, I have a love-not-love relationship with the president. And one of the things I really don't like is now he is sicking one of his departments on Jay Powell with a criminal referral over refurbishments of the buildings therein. Give me a break. Please. Give me a break. President promised, no, he's not going to retaliate. They're talking about criminal referrals on Obama now.

And don't get me wrong, I'm no fan of Obama. But I digress. The president is going to have a new central bank head next May of 26, but he's trying to get Jay Powell out now and bring somebody in. To the point where, let me be clear about this, President Donald Trump will be running our central bank because he will put a puppet in to run the central bank.

I'm 100% sure. I think he'd tell you that. If he even thinks about taking the Fed Funds rates down to 1% from 4.5% all hell's going to break loose. I wish, maybe I'll try and get a hold of him and see if I am a Fox News business contributor. I am somebody.

Maybe I can sit down and explain to him. You know, that old line, don't screw with mother nature? Well, don't screw with the free markets. That's what Jay Powell did and cause massive inflation. Well, if the President of the United States screw with free markets, all hell's going to break loose. you think a market with a 10-year yield is at 4.37 at the close today wants 1% fed funds in the economy where the president says is the greatest in the world you don't do that that's insanity but that's why the dollar's swooning the market knows that he is going to

be running the central bank next May and yeah there are voters and things like that, he'll fire all their asses and put 12 puppets in. No, not kidding. You think I'm kidding? I'm completely against it. I'm completely against these Justice Department criminal referrals against J. Powell, and you know I'm no J. Powell fan. I worry, I got to be careful about what I say.

And that shouldn't be. that's why the dollar is sruining because it is betting on what he's going to do we'll see what the outcome is the good news is we will be here on a daily basis see what comes of it

but call me unhappy on the president on some of the things he wants to do and some of the things they are doing let's segue oh by the way I mentioned the gold and silver next

and by the way, you should spend a few minutes on the dollar because it's important now. Mui importante. Another thing I'm not happy about, I'm not going to mention who. They had an ex-Trump employee from the first four years who's just a pundit now come out and say today, oh, they are paying the tariffs, which is helping our budget deficit. We are paying the tariffs. And I know this person knows the truth.

So not mistaken, lying. Liars irritate me on either side of the aisle. Remember, we have no agenda, no bias, no ulterior motive. We couldn't care less if it's an R or D. We just want good policy. That's it. And you know what that policy should be. Low taxes, less regulations, get the hell out of the way.

Not tariff the hell out of everybody. We move on. Oh, by the way, here's a... Didn't even see this one. This one, next generation solid state lithium metal batteries for use in electric vehicles. Been public since 20. Hit a high of 120, hit a low of 4. it's gone to 12 pretty quickly, has a $7 billion market cap, how many sales, none.

It was down 15% today. But admittedly, it went from 4 to 15 in the last four weeks. Sometimes it's a nut house, ladies and gentlemen. Sometimes it's a nut house. Scott Schaeffler won the British Open yesterday. Royal Port Rush, I played the course. And the year I played the course, I went there with the, the fish man and my friend Dave and we stayed at the Bush Mills Inn. They ate haggis and the

Irish breakfast. I couldn't. Blood sausage. Anyway, we played Royal Port Rush and I played horribly that day. It was a very windy day and rainy. But when we went into the clubhouse, they said, yeah, we had this young guy, 16-year-old, break the course record. It was a 61. That was Rory McElroy. That's when I played it. He broke the course record, 16 or 17? Anyway, Scott Sheffler, you notice anything? Doesn't care about celebrity. Happy that he's won. Happy got another trophy, probably made a few million, but said, again, what defines me, my wife, my son, my family, my health. And I saw some people pissed off about that.

Would you rather have them dancing cartwheels? We need to get back to a time where that matters. You know, these days are in this TikTok, everything posting, and everybody's a celebrity and this and that. and you know what the good news is? There's a lot of Scotty Shefflers out there. They just don't pump themselves and promote themselves

so you don't see it. Anyway, I love seeing that. And more importantly, less importantly, that dude can play golf. He has the one thing better than everybody by far distance control with his irons

Ben Crenshaw one of the greatest putters said I think I'm one of the greatest putters because I have the greatest distance controls with my putter on the greens so he knew how to hit a 40

a 30 a 20 and if it got straight it would go in the hole Scotty Sheffler is doing it with his irons from 200, 180, 150. Don't put a wedge in his hand. Forget it. I hate him.

Man, oh man. His distance control, I have not seen that. I don't think Tiger had that great of distance control. Anyway, congrats to him. I think he's a man's man. It was good to see. I did not win my golf pool. You had to either pick Sheffler or Rory, I picked Rory and other people.

Oh well. Such as life. I just thought it was a good story. Again, strong market fell towards the end. No biggie. Of note, though, I think maybe the blue may come off the froth. Of note, When I see United Rentals down 30, I'm what's up.

We'll see. And of note, the avoids. Up next, some news of the day. And whatever else, I'm Gary. This is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CBS Pharmacists.

Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know, I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So, that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio.

Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription I drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Dex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews,

On-deck delivers funding you can count on. Apply in minutes and On-Dx. Deck.com. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota all loans and amounts subject to lender approval. 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 Investors Edge. Thanks for being with us today. You know what I pride myself on? We haven't even brought up this Jeffrey Epstein thing while all this thing goes on. Just remember our thoughts. We think they're full of crap that he committed suicide. Guards weren't gone. No video.

Dr. Bodden, one of the great coroners out there who looked it over, said, this was no suicide. What does it come down to? Don't wee weed down my back and tell me it's raining. And now this administration is trying to tell us, No, there's none of this and none of that. Well, that changed quickly. We'll see how it goes. Back real quickly on the market.

Just think a little bit of the momentum's waning. That's all. And I think some of the froth is coming off. That's my thought. That's all. Not the end of the world. Netflix was up 24 today after being down 68 on Friday. Normally, when something's down $68

on an earnings report, I would just ignore it for a while. Every now and then, you get this, how do I put it, gap to the downside, defense, turn back up. We'll see if Netflix does that. We've seen it on rare occasions, and it's usually on big institutional names. So that was of interest to me. that it came back pretty good.

Also of interest this week. Coca-Cola, PACR, Pulte Holmes, SAP, Texas Instruments, Capital One Financials,

Sherwin Williams, Hilton Hotels, Boston Scientific, IBM and the Dow, Google, which, by the way, had a good move today, two days before earnings.

Service Now, Tesla's on Wednesday. day. Blackstone, Union Pacific. I can go on and on. There's about 11, 12 pages of earnings this week. Stay tuned. Today, Domino's Pizza opened up big and finished down. So they distributed stock on a big gap to the upside. Yippie, yeah. In the news, I'll tell you one little thing stood out. You know how I always say people, business, a capital. If able, two very important words, if able, will flow and go to places where they are treated best. I've always wondered how this guy running California

continues to disrespect his citizens with ridiculously high taxes, income taxes, other taxes, and gas taxes. They just raised them again. Anybody ever heard in and out burgers? Well, it's an institution in California. They're moving.

From California to Tennessee, their headquarters. and they said the reason is exactly what I am telling you, treated poorly, disrespected, taking out a machete and cutting you at the knees and taking out a mallet and hitting you over the head. Many have left California. And do you know what Gavin Newsom has going for him? And they know it. It's a beautiful, fantastic state. It's a gorgeous state. It's a beautiful state, but they keep electing them.

And if other areas keep electing people that disrespect the taxpayer and are what we call simple control freaks, look out. Namely in New York City where this schmuck says we shouldn't have billionaires. Go Google how many billionaires live in New York City. That's how many billionaires will be. leaving if this guy wins. And by the way, billionaires pay a lot in taxes to pay for everything in New York City. Oh, and by the way, when they say we don't think there should be billionaires, they don't think there should be millionaires.

That's what communists, Marxists, and socialists are all about. But I go back to what I said, an institution, in and out burgers. A woman who runs the place, she inherited it from family and does a fabulous job. They're out of there. They're not the first. They're not the last. I'm just letting you know. People, business and capital, will flow with their treated best.

Norway tried it. Big wealth tax. instead they said they were going to raise a bunch of money they lost a ton of money why wealth told Norway and we mean the government to go take a flying leap through the fjords

that's how it rolls why do you think people have been moving to Florida left and right simple they're treated well here low taxes less regulations. Crime doesn't pay. Go on campus and threaten somebody, see what happens to you. Shut down a highway or a bridge, see what happens to you. It's pretty simple. We're amazed anybody would vote for the opposite. But welcome to the world. Hey, you have a great

evening drive carefully when you get home to do like we do quite simple make sure you hug your family make sure you hug your children uh they will feel better you will feel better i promise stay well be well until tomorrow good night this has been investors edge with galt bomb on biz talk to listen to past episodes or to get in contact with gary go to gary k dot com that's gary k com 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

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