Investor's Edge with Gary Kaltbaum - Energy?

Episode Date: July 25, 2022

Follow Gary on GaryK.com or http://garykaltbaum.comGary Kaltbaum is a registered investment advisor with more than 30 years of experience in the markets. He is owner and president of Kaltbaum Capital Management, a financial investment advisory firm headquartered in Orlando, Florida. He is a Fox News Channel Business Contributor regularly appearing on Fox News Channel and the Fox Business Network. Gary is the author of the book “The Investors Edge” and is also the host of a nationally syndicated radio show with the same title “Investors Edge” which is broadcast on numerous stations across the U.S. The show is also available on demand and airs live 6-7 pm EST Monday-Friday.

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 CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. Investors Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. Thanks for being with us today. Glad you're here, ladies and gentlemen,

happy that you are listening. It's Monday, July 25th, 2002. Thanks for being with us. hope you have a great, had a great weekend. Lots to cover as always. And, you know, we're quite famous for saying to you, if anything changes, we'll let you know. We're quite famous for that. Why? Because we are very much in tune with the markets and what they're saying, what they're doing, what they're thinking, what they're yelling, what they're screaming, and the potential for the next moves. And we're pretty good at seeing them setting up to make the next move both up and down. And of course, the markets are so crazy. We're going to go over the last 10 minutes of today's market to give you an understanding of that. But maybe some things change today. Maybe. You know, we always also say,

there's nothing ever 100% certain. But, but, you know, we always also say, there's nothing ever 100% certain. but we're pretty good at seeing the potential for things to change. And we're not talking the Dow, the US&P, the NASDA. We're talking about areas of the market, as we always talk about 200 sectors, every country, every commodity, you name it, we cover it. But first, if you do not get this show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, where you can follow. us. And you can also join us on that Twitter feed by going to Twitter and put our name in, or right there at garyk.com. Also at garyk.com, you can email me, just be nice, and everybody's pretty

darn nice. I will read one email to you today. That wasn't mean, I'll explain a little bit. and you know people are mad at us sometimes because we don't really post any notes at the site gary k.com what we mostly do is put up the radio show we'll do better going forward meaning we'll start putting some nightly notes up there we just don't want to steal away from our members and you get the hint of that anyway what do i want to start so just so you know number one this is a huge week and we don't usually say that often

because it's used too often but you have just just in Apple Amazon Google Facebook and Microsoft those five make up 41% of the NASDAQ 100 amazingly the other 95

stocks make up 59%. Every dollar Apple moves is 16 billion market cap. Every dollar Amazon moves is $12 billion market cap. I think Google is right up there. We're talking serious amounts of cake on the move

$13 billion on Google. So they will matter. But you also have I think it's somewhere around 70 percent of the market cap of the S&P is reporting this week. And then you have Jay Powell of our central bank to make his move this week. And as you know, we have taken him to task.

We have ripped them to shreds since Christmas of 2018. We have nailed him like nobody else has nailed him. yet we remain under the radar, which you know what? That's fine and dandy. We're hearing so many in the last three months echoing what we have been telling you for two years, but they get to be front and center and they have op-eds in the Wall Street Journal. They're all over the place, yet nobody knows us. And I must tell you, it's a little bit disappointing, but it's also good. Under the radar is actually good because really our only goal is not to be celebrities, but to make sure we don't lose money in bare markets

and make money in bull markets, knowing what we know and what we see. Inflation was caused by Jay Powell. How do you know it? Well, those that have listened for a couple of years, we predicted it two years ago. Before anybody else even uttered the word inflation, we told you printing trillions of dollars,

is creating all kinds of money going nowhere. And we told you that so's the seeds of inflation. Of course, then you had the president with asinine spending. And I will say at the get-go of COVID, we needed to do the spending. And then he went into his Marxist self and said, oh, let's just keep doing more. And he wanted to do another $2 trillion. And then he wanted to do a $5.8 trillion budget. And then Russia hit, which, of course, also was part of the inflation.

But interesting, Russia is still in Ukraine, but in the last three months, commodity prices have been trashed to the downside. Whoa, whoa, whoa, how is that possible? Oil prices came down markedly. Wait a minute, I thought Russia. You get my point? Jay Powell lit the fuse on inflation. He caused the inflation. Other things added to it.

yet because he is not elected. Nobody wins by ripping him to shreds. He gets away with it. So the Republicans go after Biden, but not Jay Powell. Why? Because Jay Powell is under Trump. Democrats can't go after Jay Powell. He was just renominated.

So he gets the pass. What am I worried about? He's still running the joint. I want you to think about this. Joe Biden is not the most powerful man on this earth. Vladimir Putin is not. None of the big head honchos of any country are not. Jay Powell is.

He was able to print up to $9 trillion out of thin air. Now, I say the words $9 trillion, the number $9 trillion. You have no idea how big that is. when I use the word gargantuan, I think I got to go bigger than that. When I used to term massive, I got to go bigger than that. Monolithic, blob-like. I don't know what word to use. That's how big, and I don't think people understand that.

I don't think anybody that reports on it understands it. And that caused the inflation, but it also caused worse things. massive distortions in the market. How? Well, he took rates down to zero, screwed every saver. Hey, you know those money markets you were getting 3% on? Screw you. You're getting zero now. And he let the lenders and the banks keep all that money. He bubbled up all the assets. By definition, printing trillions of dollars out of thin air will get the juices flowing. and we had insane, insane moves and the most stupid of things that became mainstream. Do you realize a coin came out named Dogey coin that was done but for a joke?

And it went from zero to 70 cents and got Elon Musk and the rest of these ninkum poops all over it involved in it. It's now seven and it's going to be a zero. They came out with 20,000 coins. Most all are zero. The two main coins, Bitcoin Ethereum, are down, I don't know from the highs. But the tout artists are telling you, no, no, no, no, no, they're now praying to you.

Things will get better. This is all Jay Powell. Spacks, Jay Powell. Inventing an entity, and we'll tell you what we're going to put in it in two years and the thing skyrockets, that's Jay Powell. A bunch of them just creating electric vehicle companies that will never sell an electric vehicle?

Jay Powell. Marijuana stocks, Jay Powell, 3D stocks, Jay Powell, hunks of junk, Jay Powell. He enabled it all, lit the fuse on it all. He's still there. And everybody continues to discuss what is Jay Powell going to do this week and how is it going to affect things. Well, let me start by saying he does not affect the economy. That's his job. The economy, he does nothing for the economy.

It's only markets. The economy is meaningless to his moves because he's behind. I've used the phrase he's like running a race against Usain Bolt. You may not understand this, but when he raises rates this week, he's still going to be below the market. guess what dictates everything the market the real market the free market that he's supposed to leave alone that he didn't for so long that created all this nightmarish crap that we're dealing with up next what next and then we'll talk earnings and then today because what's changed i'm gary this is

the one only investors edge hi i'm gary colpom 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 888-4-22-5-59. That's 8-8-5-5-9. That's 888-4-2-2-5-9.

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 IHeart Radio. Listen now wherever you get your podcasts.

Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion,

our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. U.S.edu. Cash flow crunch. OnDek'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 repayment. 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 OnDec 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 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. So let's continue. So Jay Powell is going to raise Fed Funds rates to 2.5% this week. It says 2.5-2.5. The three-month treasury bill is 2.4. The 10-year is 2.8. The 5-year is 2.9.

The 30-year is 3.0 something. Those are the rates that matter. Not Jay Powell. When you get your mortgage, it has nothing to do with Jay Powell. It is everything to do with the 10-year, and he's behind. Now, what can he affect? He can affect the markets. Why?

because easy money, less easy money. That's what fed things into the bubble high. J-PAL printing craplodes. That's a better word than massive. Crap loads and just understand this. Conjured up out of thin air money to put into markets, to jerk things around his way. But just remember, when you invests,

your money? What do you do with your money? You're taking risk. Do you know why? It's your money. Jay Powell doesn't take any risk. It's not his money. Actually, we found out he traded on what he was going to do with central bank moves, with his own money. And of course, nothing happens to him. so he's also corrupt and I'd say it to his face so he doesn't matter to the economy it won't change anything but they're going to tell you it does he can move markets that's all he can do so that's number one next massive amounts of earnings to come out and to be clear not only do we not know what the earnings is going to be but we do not know what the reaction is going to be Every now and then you get good earnings that sells off.

You get bad earnings that are bought up. Recently, things were so oversold to the downside that some real crappy earnings, some stocks have rallied. And maybe that can continue, I don't know. But just know, as I said, you got that big five, which is 40% of the NASDAQ 100, and you just have everything under the sun reporting. A lot of down names, and our job is very simple. Kickback, relax.

I heard somebody say today, oh, we must be really worried sitting. What are you going to do? We're not worried. You know what we do now? We just pay attention. Don't jump the gun. That's all. That's it.

Look to see how has monster earnings and revenue growth. Look to see what doesn't. Look to see who's guiding lower. Look to see who's guiding higher. Look to see who missed. Look to see who beat. And then more importantly, how do those stocks react? not only the stock itself, but by the sector as well as the market.

That's it. That's all we're looking to do. We'll be paying attention for us and for you. Next. Oh, the market wrap is brought to you by Investment-Models.com. That's Jim Roarback, one of the great market timers. No gray areas with the man you're either in or out of the market. It's proprietary indicators.

Go check it out. Investment-mottles.com. So, a potential change. you know I use the word potential and I have to use the word potential especially when I deal with commodities because there's so many variables so we're just letting you know

we were at the beginning of this year telling you if you add own anything own energy and then we thought energy it topped out in early June as well as all the other commodities energy has only gone through from the high.

I'm talking oil prices. One, two, three, four, five, six. This would be the seventh week of correction. And may I state for the record that some oil stocks got hit really hard. Just the oil services exchange traded fund of a bunch of stocks, 30% from the highs. And that includes today's little rally. The big oil.

which is always going to be not as bad, 21%. The oil explores 25%. That includes today where they rallied. I think there's a chance and potential that they're probing a low already. And if that is the case, and energy prices start going up again from here, not so sure that's good news.

Why? as energy prices were going up starting in January, guess what was coming down? So we're going to watch this one closely. We noted it early in the day when the OIH was up about $5 to $6. Finished up 10 and changed today, up about 4.5%. Again, actually 5%, potential. In the stock part of the oils, there's misery, and some strength.

I got a few names that are trading above the important 50-day moving average. I got names trading below the long-term 200. So not every size fits all, as they say. Typically in commodities, what you want to do is own the relative strength, but you never know. We're just letting you know there's a chance here. Not 100% sure. We're just letting you know to be on watch now.

and this is the first day we are saying it since the highs. And let me repeat, if energy prices go back up, it's not good news. Let me take that back. We would suggest it's not good news. A commodities fell in line also with energy today, but we'd be less so on the commodities front except coal. because coal corrected at the end but looks like it's already starting to try and shape up again

and we'll let you know as it moves forward. So maybe, maybe. And frankly, kind of sort of hope not. Energy prices going up from here after this nice little move down at the pump would not be good news. at least to your wallets for starters. But today, and interesting enough, at the close,

and you know, we just call it as we see it. We just call it the close. That's all. That's how we want to do it. The Dow pretty much rallied 160 points in the last few minutes to be up 90. But then the rest of the story. That's up next on this, 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 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 ache 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.

You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. Cash flow crunch. On-Dex 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 repayment, 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. They'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 becomes highly recommended. You're going to feel better if you talk to him. So with about, I don't know, minutes to go, the Dow was down 60 or 70, the NASDAQ down 100 and change. Dow finished up 90, but the NASDAQ still finished down 52 and the NASDAQ 100 down 68. We'll see what comes of it. What was the story today? Here's the story. Energy was strong.

And that helps the midcaps, by the way. And even a little small caps. The financials were all green at the close today. A little better bit in the financials here. And that's been going on now for a week or so. Good day for the commodities. Good day for... Actually, that's about it.

A weekday for housing. A weekday for retail. A weekday for what we call the gross. arena, but all bounced up a little bit towards the close. But we never listen carefully. And this is a lesson we've been teaching you forever. We would rather see the Dow down 90 and the NASDAQ up 50. You got that? It's only one day. But the NASDAQ is what leads up and down. Not the Dow. Every now and then the Dow can lead for a little bit. It is the NASDAQ. That is the risk appetite. So good comeback at the end of the day. We're now in the midst of big, big earnings. Stay tuned. Get ready. Now, what else do we want to

discuss here today? I think we may have done this last week. We want to do it one more time. As you know, we think Washington, D.C. is our opponents. They're not our advocates. They get elected and they work for their re-election five minutes later. They lie. They cheat. They're corrupt. They make things up. Both sides. We had four years of Trump. Just lie after lie after lie. now we have lie after lie after lie of Biden.

I want to make sure you know the truth on something because the Biden administration is blatantly lying to you in plain sight. Just another group of people in Washington, D.C. that think we're all idiots, or we're not paying attention. So it's my job. job to make sure you know. And unfortunately, I hate reporting this. I've emailed the Biden administration.

Just tell the truth. But they can't. Because they've been in politics so long, they're just habitual liars. Here is the latest. The definition of recession in the economy forever is two quarters of gross domestic product down. They're now telling us that's not true.

And they're looking into the camera with a straight face to tell us that. They're liars. They're not making a mistake. They're liars. They probably obviously know that this Thursday we're going to be reporting the second quarter and it's going to be down, which means the first half of the year was a recession by all statistics that go into calculating gross domestic product. But instead of just telling the truth, and they have some good outs to tell the truth, they paraded Janet Yellen on TV this weekend,

the Treasury Secretary, liar. They had a couple of other economic advisors on TV. lying and all they have to do is tell the truth. But they don't want to listen to me. Why would they do that? So let me explain the economy to you just because gross domestic product drops in two straight quarters. It's not the end of the world.

It just means instead of growing two or three percent the economy, this big $20 trillion economy, it contracted a little bit. For whatever reason, that's not the end of the world. We've had it before. Why not just come out and say, you know, the statistics may show that we have another down quarter. Why should they do that? Why tell the truth?

They already look like idiots with the Putin price hike. You know, on the drop in commodities, we don't hear that it's the Putin price cut. So they just look like marketing idiots. and they don't even know it. The problem with recessions is if they last and if they deepen. This one's only six months. And we still haven't got the number yet. Maybe they'll hang on.

But I think they probably already know the number. Just remember, it's for the ending of June and we're already near the end of July. So they probably have the number. Why lie? Just who they are. Here's the most important part of the equation going forward. That will define the economy, which nobody's even talking about. It's jobs.

If we're in a recession now, small as it may be, if the job market rolls over, that's when it becomes a big recession, because the consumer is 70%, and we already have the economy, the consumer is already savings rate diving and credit card usage skyrocketing. So already there's some stats out there not very good. If we lose the job market,

then there's trouble. Simple as that. The job market has stayed for whatever reason strong. and that's what matters most. That's it, in a nutshell. And all they had to do is come out and say, the stats is this, but the job market's strong, and that's the most important part of the equation,

and we're going to work our ass off on everything else. But no. What do they say? When your habit is to do something, you just keep doing that habit. They're habitual liars. That's all. And they look stupid.

That's the other part. They look it. They look the part. They look stupid. We hope things get better. But if oil prices start going back up, that would not be good news. When you scan tonight, just go take a look at the USO, the OIH, the XLE, and the XOP. The first is spot oil.

the rest of the stocks for different areas. Just letting you know early in the day today, as we just said before, we started catching a little bit of win based on what we were seeing that maybe they want to go topside here. Maybe they want to go topside. Now, earnings. We've been telling you, you know, we are worried about guidance. What does that mean? Well, these companies have to include higher oil prices, higher costs of everything,

a slowdown in the consumer. I don't care what anybody tells you when savings rates go down and credit card usage goes up, that's a slowdown for the consumer. After the close, we got one. A warning. Guidance drop. and probably from one of the most important companies on this earth. And it's affecting a few things in the aftermarket.

Notice I'm holding off till we go to break to give you the big tease. The market will not be able to stand a lot of it. That'll be up next. Much more. 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 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 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. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs,

APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps,

OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondeck.com, depending on certain low natural. your business loan may be issued by on deck or celtic bank on deck does not lend in north dakota all loans and amount subject to lender approval you're listening to what are you waiting for one two ready go action and welcome once again to investors edge so there is a little company that i go to often that does a

measly 580 billion in revenues. Do you know what company that is? By the way, I believe it is the number one revenue company on Earth. Walmart. 140, that's 293, 390, 430,

almost 580 billion in revenues. Walmart lowered guidance in the aftermarket. We'll see what that does tomorrow. For the second quarter and full year, whoa, 23, oh, that's, they're in a different year, they're not the whole year 23. And that's that. The increasing levels of food

and fuel inflation are affecting how customers spend. And while we've made good progress clearing hardline categories, apparel in Walmart is requiring more marked down dollars. We're now anticipating more pressure on general merchandise in the back half. However, we're encouraged by the start we're seeing on school supplies. What matters to us? The reaction. Walmart closed at 132. I got it at 121. That's 11 times. It's about 70 Dow points in the morning, but also big market cap. And of course, Target closed at 157. I got it at 150. And I can go through the rest all the retailer down and I see in the aftermarket

a little mark down in the aftermarket on everything and that's story and let me be clear we had better not see that on the juggernauts because then the less than juggernauts head lower

let's see yeah just everything in the aftermarket's down a retail wise. And by the way, coming into today, what has been one of the weakest group in the market? You got it. Retail. So Coles is down. Dollar General, down six bucks, Nordstrom, down, all down a few percent. Macy's, Big Lots, T.J. Max, and the like. And I'm reading them. They issued upside for quarter two but lowered I'll have to look

either way stocks are down so in real time we brought you some interesting news and remember we've explained it to you imagine if Walmart is one store imagine one

restaurant not a big chain but just one restaurant and you are buying napkins and you spend thousand bucks a month I'm just giving a number and now you've got to spend

1,200 what happens so is that I'm just throwing that's what works and that's why I said at the outset well not at the outset

but in the middle we better not see energy prices go higher from here because they're still elevated and going from here would make a higher low and I don't know if that's good news I had to mention also something in the news.

This Pelosi and her husband taking advantage conflict of interest on trading. I'll just repeat. Disgusting. Scummy, sleazy, slimy. And in case you think we're being political, we've hit Republicans on it, we've hit Democrats on it, we've hit independents on it,

we've hit the Fed on it, the central bankers that had to resign on it. these people should not be trading in anything they are legislating on. Case closed. And for Pelosi to have our spokesperson come out and say, she doesn't know what her husband's doing and it's not her money, I have two words for them. Email. Interesting email I got from somebody.

And I wanted to answer it, just in case they may be listening. Gary, hi, I've been listening to your show since 2001. Your show has gone downhill for the last year or so. It sounds like a broken record. Listen to this next line. Even though I agree with everything you say. I hate wasting 20 minutes. It's 36 minutes every day on the same stuff.

I am done. Still love you, Gary. So let me answer that. You damn straight, being repetitious here. Why, number one, we've been in the bare market and I've been keeping you all out. And number two, why we're in a bare market, I have to be repetitious to make sure you know why. And that is our opponents. The politicians and the central banks around the globe has killed us, have killed us, continue to kill us. They forgot, we run the economy, not them.

They're playing God with everything. They created this gargantuan blob in Washington, D.C., where the president had the nerve to come out with a budget of $5.8 trillion. Do you know our total spending in 2000 was $1.8 trillion? What the hell are we spending the money on? You know what it is? The blob. It's them.

And he wants to create more programs. with the climate change in executive orders, and more departments, and more A-plus buildings, and more money out of our pocket. Again, opponents. So memo to this emailer and to all of you. We'll keep repeating what needs to be repeated. And that is if we stay in a bare market to stay out,

and if they continue to be our opponent, to rip them. That all said, have a great evening, drive carefully. when you get home to 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. Same time tomorrow.

We'll have lots to cover. Lots of earnings. We'll see how Walmart reacts to the market tomorrow and all that fun stuff. Peace out all. Take care. Bye-bye. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K.com.

That's Gary K. dot com. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you

gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at apu.apus.edu.

Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. 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.