Investor's Edge with Gary Kaltbaum - FED DAY NONSENSE

Episode Date: March 22, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

Tax season has arrived, and doing taxes without the right help can feel overwhelming. Intuit TurboTax is here now to guide you through it with confidence. Match with a TurboTax full-service expert who handles everything for you from start to finish. Your dedicated expert checks every single deduction and credit to help you get the best possible outcome so you can feel confident you're getting every dollar you deserve. And the best part? You'll see real-time updates on your expert's progress right on your phone while you live your life. Plus, you get unlimited expert help at no extra cost, even on nights and weekends during tax season.

Visit turbotax.com. Only available with TurboTax full service experts. Real-time updates only on iOS mobile app. Investor's Edge with Gary Cultbaum. 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 Colbomb, your host.

A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you're. are listening. It is Wednesday, March 22nd, 2003. And we'll say this is a little bit of the cold and flu edition of Investors Edge.

As when I left Florida a few days ago, it was 85 degrees. And when I got to New York and stepped out at the airport, I flew into Newark Airport. It was 37 degrees.

And that's basically what happens. Took the COVID test. That's the new in thing. You get sick, take the COVID test. I don't know if I did it right. But I didn't have COVID. That's the good news. But man, I feel like somebody dropped a brick on top of my head.

I'll be better. Ladies and gentlemen, this is a show about you and everything that affects you. Your job, the economy, the markets, them, the Morlocks in D.C., and all else in between. And we take it upon ourselves at any moment in time to really explain things as much as possible. As you know, and we mean this, every night, we will. will scan 1,500 to 2,000 stocks. How can we do that? Believe it or not, with the system we have, it takes us about 30 minutes. We have this market smith that used to be the daily graphs. By the way,

I used to get the hard copy, the green and blue books of the daily graphs, and then they put it online, and then they changed it to the name called Market Smith. And what I'm able to do, is go to something called their printed product index. I think it's about 2,000 stocks. And I can just click with my little finger and click, click, click, click, click, click, click. And pretty much do 50 to 60 stocks each minute. Or I press play and it just goes through one stock after the next. One stock after the next.

And we get a feel for markets when we do that. And when we're done with that, we go through 200 sectors. Every commodity, every country. And before we scan, we already know what we're going to get. Why? Because we do it at night. And we do it throughout the day. My job is the scan.

And my job is the scan for strong leadership. when the market's weak, what's sticking out like a sore thumb to the upside? When the market is strong, what's sticking like a sore thumb to the downside? And what groups are doing this? And what have we been telling you recently? It was not by accident we were telling you. They were facts. It's not by happenstance.

They're facts. One of the characteristics of a market. of a market you had better watch closely is what we call narrow markets. It's when, as we do our little hundred stock example, if there was only 100 stocks in the market, and 80 of them are in downtrends, 10 are in uptrens, 10 are kind of flat, But the 10 that are in uptrends represent 50% of the market because there's so much weight that way. Well, recently we've been telling you how narrow the markets were and how a select few names were doing the heavy lifting. Specifically, in the mega-cap tech areas.

We've gone out of our way to tell you the top seven names. in the NASDAQ 100 are 50% of the NASDAQ 100. I take it back, 52%. Do you know the top two stocks in the S&P 500 are 13% and both of big tech? And what are the characteristics of narrow markets?

It's simple. If they get the narrow leadership, the markets are going to get in big trouble. It's as simple as that. Why? Because the most of the market is in definable downtrends, bare phases, whatever you want to call them. But until today, Apple, Broadcom, Adobe,

advanced micro-devices, booking holdings, first solar, Nvidia to a lesser extent coming up strong has been Microsoft Salesforce.com Tesla and others the one group that's been strong

the semiconductors so we're talking tech but after that how many days will we come in on this show to say energy bear market financials brutal bear market Autos, auto dealers, managed care, waste management, auto parts retail, drugs, retail, defense, big biotech, airlines, cruise lines, truckers, rails, recently commodities, insurance, part of financials, economically sensitive.

What have we been telling you? We've been using one word. Avoid. Barish phases of unknown price and time and of differing levels. So we come into today. And all day to day, it was more the same. The Dow's doing nothing. Financials are down.

Advanced declines not good. But, Nvidia, advanced micro-devices. Apple, Microsoft, and the like, doing the heavy lifting. And then we get the Fed. Jay Powell, raise rates a quarter point, did a press conference. We didn't watch it. Why?

And we didn't want to throw up our lunch. You know what we think. In a couple of minutes, we'll explain why he's again wrong. and again did the stupid thing. And it's pretty simple. That'll be in a little bit. But after initially rallying up, and I think the NASDAQ was up 160

as the Dow rally was only up 100. Dow was up 200 at one time. And as they went through the press conference, well, the final numbers. The market rap is brought you by, investment dash models.com. That's Jimmore back. of the great market timers no gray areas with the man you're either in or out of the market

with his proprietary indicators go check it out investment dash models.com you ready for this down down 530 s mp 65 finally they came after the nasdaq 190 and 174 the socks though was only down 25 and let me be clear it took a lot to get the dasd and nasdaq 100 down AMD finished up and Vidia finished up Not until the last minutes was Apple down As well as others So we'll see what tomorrow brings

But this is an outcome Of narrow markets It's easy to sell Bad Stocks Definition of a bad stock In big downtrends In bearish phases

in bare markets, whatever you want to call it. And it just so happens, whatever he said, whatever he did, tanked those areas, and finally by the end of the day, took down the narrow strength. The only green I have on my screen is gold and gold stocks. That's my only green. I'm looking around. I mentioned a couple of tech. But advanced declines gross, up-down volume gross, new highs hardly any, new lows more than new highs. And I wish I had better news.

But that's the story. They took down today, as I mentioned that 100-stock example, they took down the 80 hard and brought down the rest. Up next, what did Jay Powell get wrong again? This is the one only Investors' 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 888-4-22-559. That's 8-8-5-59. That's 888-4-2-2-8-4-2-2. 5-5-59. Investment advisory services offered through call-bomb capital management.

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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just 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. 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. 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 that. So let me introduce myself. Not only is it cold and flu season here at the cult bomb compound in New York City, but I'm also Hansman Buffed, and I've also been the loudest voice against Jay Powell. By the way, I'm noticing everyone on TV.

Now complaining about Jay Powell, where the hell have they been? for the last, well, I've started Christmas Eve of 2018. But I digress. What have we told you? Number one, he doesn't have a clue. Doesn't know what he's doing. The Fed used to predict things, and they got it so wrong for so long that they stopped and went to what's called data dependents. Meaning, when the numbers come in, we'll react.

Amazing. They have like a thousand analysts that go out to check things out. I don't have anybody working for me doing that. But we were able to tell you inflation was coming, didn't we? As well as other things. Why did the market drop 530 points today? Why is the market in trouble before today? Okay. This is important.

You need to listen carefully. Jay Powell played God with markets. That was my main complaint. I am such a big believer in free markets. And that is you and me, or is it you and I? Investors, traders, speculators, hedge funds, mutual funds, insurance companies, Aunt Mary and Uncle Bob, and our ability to buy and sell at every. given time at any given price at any given size without the interference of others

that's what is known as free markets free markets now policy affects markets of course but that's not direct interference if somebody in the White House raises taxes or lowers taxes, that's policy that moves things. That's not interfering with markets. If we don't go to war, we go to war. That can move markets, but it doesn't interfere with markets. Nobody's in there interfering with markets until Ben Bernanke came along. That's the number one yachts.

That's ground zero. And in case you don't know, in 2007, 2008, Ben Bernanke, because of his easy money, and the fact that he did no oversight. You know what the job of the Fed is, to oversee the banks and the financial system. So not only was he terrible with the easy money, but the lack of oversight.

So to protect his own ass, and in desperation, announces money printing. We're going to print money, and we're going to buy bonds and take interest rates down in order to keep the economy, and shape, and hopefully the markets won't crash. You got that?

And I'm going to fast forward all the way to Jay Powell, who used to be against it, never like money printing. And I love Jay Powell. Do you know why? He was doing the right thing. Into the end of 2018, he was raising rates, the horror of raising rates. because the economy was strong and you have to be careful at that time. He had a great moment. But then something happened.

Listen carefully. I'm going to put the pieces of the puzzle together for you here and why the market got hit today and maybe continues. Christmas Eve, 2018, he sends out James Bullard. He was in the midst of raising rates. They had also stated that they looked to raise rates three or four more times during two. 2019. But markets were getting hit. Why were the markets getting hit? Well, I think we had like a one of those government shutdowns or something like that at that point in time. But markets were getting hit because they were so used to lower rates that they could not stand higher rates.

But you're supposed to leave the markets alone to do their bidding. Let them go back to normalcy. Let free markets be. Instead, he had James Bulli. go out and that was Christmas Eve on Christmas Eve before Santa came down the chimney. It was a half day in the market to say they don't have to raise rates anymore. You know what happened the day after Christmas? Market started to soar. And throughout the whole year into October of 19, every time they would announce that they were going to lower rates, the market would soar them when they actually did the lowering

of rates, the market came back in. and that October of 19 hit even though the GDP was strong employment was strong the markets weren't very happy even with the lower rates J. Palo announced money printing and that's where I lost it

I knew what was going to come but I said that day to you buy the hell out of the market or did I say buy the crap out of the market so in October of 19th we bought the crap out of the market And we didn't have to speculate. I think we bought Microsoft, a few other things, into COVID. And that's when COVID hit.

And leave no doubt extenuating circumstances. The economy was shut down. We didn't know how long it would last and we didn't know if we were going to get vaccines. It was that bad. We didn't know whether the masks worked or not. And whether we shut this down or whether we shut the schools, what should we do? It was new. And I love all the people now that a Monday morning quarterback's telling you this, that, the other thing, that Fauci's bad, this, that, the other thing, and this guy's bad, the vaccine, this and that, whatever, I digress.

Jay Powell immediately took rates to 0%. Straight down. Zero. First mistake. Why? He forgot about the savers of this country. He shot them the middle finger. Up yours.

You're saving? Screw you. And you know who kept that money? The banks and lenders. And then he starts printing the hell out of money. He announced one tranche. Didn't help the markets. They kept going lower.

Announced the second tranche. Didn't help the markets. Kept lower. Third tranche. A big, gargantuan matzo ball of money printing. In order to stop the bleeding. And it worked. And it worked.

So it's that point in time where you can say to yourself, okay, desperate times need desperate acts. Up next. His mistakes. Where we are right now. Much more. This is the one that only investors end. 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 IHeart Radio. Listen now wherever you get your podcasts. Success starts with your drive. An 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. One sweet, melty bite of a Hershey's bar and suddenly I'm right back sitting on the front porch with my grandmother on a slow, summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say

whatever a nine-year-old wants to say. And she replies with a low listen. So we sat there. Listening. That was the first time I learned that quiet

can feel full. Hershey's. It's your happy place. 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. Okay. Listen up. Because we're going to put a little bowtie on all this.

And as you know, we've been saving your tons. So let's give Jay Powell the benefit of the doubt. Zero percent rates, print money. We didn't like it. because he was screwing savers. But okay, market started to romp. Where was his mistake? Where was his mistake?

Once we started opening up, that's where his mistakes were. Right then and there, when the economy started opening up, get off your 0%, stop printing money. And believe in the people of this country. believe in the good American people and the markets.

They'll be just fine. He didn't. He stood there and kept printing and printing to up to $9 trillion. But he also got the adult at the European Central Bank, Christine LaGarde, to do the same. An unbelievable amount of money printing at 0% rates. And what did we tell you? Day in and day out.

day in and day out, day in and day out. Bubbles, distortions, distortions and bubbles, bubbles and distortions and bubbles. We also said to you almost every day, we don't want to be around when the ultimate outcome comes.

We kept using the words, ultimate outcome, well, everybody was so damn happy because GameStop was skyrocketing and NFTs were skyrocketing and the 23,000 coins came out, and marijuana stocks were skyrocketing, and SPACs came out,

and IPOs at ridiculous valuations. everything was great and you know what human nature says to Jay Powell look at me look what I'm doing it's because of me markets are sorting

look at all this it's the roaring 20s but Jay Powell has no understanding of markets he doesn't understand just like the line don't ever screw it mother nature don't ever screw at markets

because they're going to bite back in ways I told you would happen first thing we told you all the bubbles would eventually pop why

what is one of our main mantras ultimately everything will go back to the value it should be how many times do we say that to you and guess what happened

everything went back to the value they should be marijuana stocks dropped 95% the SPACs a bunch of them went out of business the ridiculously price IPOs, well, just Rivian, when it was 170, we told it was worth 20.

And where's Rivian stock right now? Rivian, Rivian, Rivian. Oh, 13 in the quarter. So the bubbles popped. What else did we tell you? Too much money chasing too few goods or chasing nothing defines inflation eventually is going to hit. But nobody listened to us. Why?

Because everybody was partying. You remember the Reddit crowd? It was insane. But we knew there was going to be ultimate outcomes. So the bubbles popped and then inflation hit. But Jay Powell? Nah. There's no inflation.

I'm Jay Powell. Here I come to save the day. Jay Powell's on the way. He thought he was wearing a cape. Nothing can go wrong. Everything I've ever done is right. Look at all those stocks going up and look at the NFTs. And then inflation hit.

And we told you it hit. And nobody listened to us. And then the outcome. And listen carefully. Not Jay Powell, but the real market. See, once he stopped printing, he finally stopped printing at $9 trillion. He no longer had control of the bond market. That's interest rates.

Just remember, interest rates came down only because, because he printed up to $9 trillion. And guess what interest rates do when there's inflation? They go up. And when you don't have an interloper and interfere in that with unlimited amounts of conjured up money, yields go up. And they went up. And they went up and they went up and they went up. And Jay Powell sat there with a thumb up his butt, picking his nose, telling us it's transitory.

Janet Yellen telling us it's transitory and poor Joe Biden These are his advisors So we had to come out and say they're transitory Six months later All hell's breaking loose because interest rates keep going up And then they lied about the Putin price hike You know it's the Putin price hike

And they had to start playing catch up In other words They were behind On the downside Inflation heating up Interest rates spiking and Jay Powell's at 0%. So what does he do?

He raises a quarter point, not good enough. And then finally, starts playing catch-up and plays more catch-up and more catch-up and more catch-up to the point where he got to where the market yields were. And when we talk market yields here, we're talking the 10-year yield.

So Jay Powell was behind on the downside of where he's, should be well frankly he should be retired but we're talking about real world here and then he went past three and a half he went past real yields in order to fight the

inflation he created that nobody in the media wants to stay because they got to protect Joe Biden on the left and on the right they blame Joe Biden because you don't get anything about blaming Jay Powell let's go after the guy in the White House

so he went above market yields and did it again and did it again did it again so what did we just tell you before he was behind on the downside what are we telling you now he's behind on the upside j pal today with the 10-year yield is it 3 and a half percent that's the real yields that's the real world that is traders investors and speculators making their bets at a certain time at a certain price this was talking the big gargantuan smart money

that's the real world Jay Powell was at 4.5-4 and 3 quarters before today he raised it to 4 and 3 quarters dash 5 when yields are way below him and guess what the market did today got pissed off the other way

so they were behind on the inflation and the markets were pissed off and nailed the behind the other way where the markets are saying enough and he's still at it. Why is he still at it? Because he don't know what's going on. He doesn't believe in free markets. So he just believes in the data dependent.

And there's still inflation out there. I've got to fight the inflation. But he doesn't know the markets sing otherwise. And we're not just talking less inflation. They're still inflation, but the market's starting to see other things. and that is earnings, bad. Economy, slowing down,

if not worse. Trouble ahead. But Jay Powell doesn't know that, why? He's data dependent. So where we're telling you, if we were Jay Powell today, oh, we're not raising rates. He did.

And that's how you get a drop of 530 points. They also, I heard, I didn't watch the press conference, said they think we need. need to be in the fives. Market didn't like that. So once again, the most powerful person on earth is behind. But now he's behind the other way.

And he's created a vicious cycle. We have too high inflation with an economy that's heading south. You're damned if you do, you're damned if you don't. He created this whole mess. Yet I heard some people in the media saying, feel bad for Jay Powell having to deal with this mess. Those people don't have a clue. That's what's going on here, ladies and gentlemen.

Best way I can explain it. He was a runner against Usain Bolt one way, and he's that same runner against Usain Bolt the other way. What would I have done today? I would have never gotten here in the first place. I would not have raised rates. And you know how we know? The market said so.

That was the story of today. What about tomorrow? That's up next. I'm Gary. This is the one to only investors' edge. 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 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 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.APUS.edu.

One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I opened my mouth to say whatever a nine-year-old wants to say. And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full.

Hershey's, it's your happy place. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa.

So, what's the deal? Before today, I'm going to guess 75% of the market was already bearish. In downtrends of differing levels. And, of course, the banks have been trashed. A bunch of banks crashed. Not all of them, but a bunch of banks crashed. And when we mean crash, we call it a crash. 25% drops in a matter of three, four days, is a crash.

And some worse than that. Other areas of the market just bearish phases, bare markets. And they worsen today. That's all. And by the end of the day, finally took down where money was being parked. And that was the big cap tech. Now, whether that continues or not, I don't know. I will tell you flat out, throughout the last hour, I'm sitting there contemplating,

do I buy a bunch of Microsoft and some of these other things into the clothes because displaying unbelievable relative strength? But the market didn't let me because it kept going lower and lower and lower and I just let it be. That's the story of the market. if the big tech loses traction. And I'm not so sure it lost traction today. It got pulled in by a 530 point down drop. But you can tell when the Dow was only down 300,

well, actually, only 300 was down 300, a bunch of the big tech were up. It took the last 230 to get a lot of them down, even though AMD finished up, VINVIDIA finished up, Apple was down a buck and change. What we do. Microsoft was down a buck and change. Google a buck and change.

That's not a big drop. So we'll see what tomorrow brings, but we're just going to tell you again. The areas we've been telling you avoid, avoid even more. Avoid even more. And we will tell you, very important now to watch some support levels on some weaker areas. so far not a biggie stay tuned

and again we repeat you know the areas we want you to avoid it's a lot it's a lot so jay powell wrong one way

and wrong the other way now what kind of damage can he do considering the 10 year yield that's your mortgages that's huge and it's down to three and a half while j pal is at four and three quarters

dash five. Well, that four and three quarter dash five is tightening the liquidity, credit cards, other things. That therein lies. So to be watched, he doesn't know that he doesn't have a clue. He's wrong the other way. He never listened to us. I don't even know how to contact the dude.

We could save the day. Now, I will tell you this. Let's just say the market drops a couple of thousand points in the next two weeks. No, that's not a prediction. I wonder if he turns tail. Not so sure. We'll see. By the way, again, that's not a prediction.

But I always try to ask the question, okay, is anything that would get him to move? Answer is, human nature says, I still think he thinks he's God or he's doing God's work. And that's the story. In the news, well, the die has been. cast, Governor DeSantis came out and I don't think it was attacking Trump. I think it was answering Trump in that he had, I believe he went after Trump's character and the drama of Donald Trump. I believe it's very smart move. Why? Independence really do matter. I will tell you this, I'm not a big believer in any, I think polls suck. I love when they say

a poll of 840 Americans tells us this is what 350 million people believe. Just let you know the polls have Trump. Some of them are very much ahead of the Santis right now. But we're so far out. And I really do believe I have the pulse of the independence. They have Trump fatigue. And if he keeps up with the name calling, and just the overall Eddie Haskell is.

Go look up Eddie Haskell of Leave It to Beaver. You know, the guy in the gym in junior high, seeing two kids getting in one of those pushing fights and yelling from the sideline, hit him, hit him. That's Trump. And I think independents really want to get away from that. And the other thing the Sanis is doing, just talking about his record. And he's got a good one. Don't listen to what the left.

The left is already called a Nazi. Don't listen to that. I'm here in Florida. And you know me, I don't have any bias. I tell you if he's doing the wrong thing. But as far as the economy and people, it's done a good job. And I don't agree with everything. There's some things I'm not thrilled with, but on the whole.

And that's why you have business, people, and capital flocking to the state of Florida. You set the conditions. So he's doing that. And we'll see how it goes. I'm in hopes. I'm in hopes. President Trump, ex-president Trump, ex-president. President and Trump get some, I don't know what word I'm looking for, but you know what I'm talking about.

I'd love to see him get a little more Reagan-esque. Just talk the issues. No rate name calling, not calling Elaine Chow, Chow, and being a racist. And that's racism, by the way. And just get the policy. Get defending the people. But I don't know if it's in them. So that was that.

And it's going to be fun. I do believe Tim Scott's going to announce running too. I don't think anybody else is going to factor too much at all. If Pence runs, I think he gets a half percent. Nikki Haley, I don't think she gets a percent. I think it's going to be a two-man race. If anybody else shows up, we'll let you know. know. And as far as the other side, you get Marxist Joe Biden running again. And God, God bless her,

Kamala Harris. The whole show is over our head. God bless her. I almost feel bad for her. It's over ahead. And I wish differently. In case you don't know, I want our leaders to be successful. I really do. I don't care what party they're in. Anyway, until tomorrow, you have a great evening drive carefully. Hopefully I feel better tomorrow. And when you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. You will feel better. They will feel better. I do promise. I was supposed to be on with Varney tomorrow, the whole hour in studio, but I'm not going in studio because you don't want to get big stew sick. And until tomorrow, peace out all. Thanks to joining us. Bye, bye. This has been Investor's Edge with Gary Coltbaum on BizTalk.

listen to past episodes or to get in contact with Gary, go to Garyk.com. That's Garykay.com. Every day the headlines shift, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans. More people are taking a closer look at options. More people are taking a closer look at that don't depend on Wall Street. Physical gold and silver have been used for generations as real tangible assets during unpredictable

moments like these. They're not about replacing existing investments. They're about adding a layer of diversification that has historically helped provide balance during volatile periods. Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including options to hold them inside an IRA. To get your free wealth protection guide, text Eyeheart.

to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text IHeart to 50505 today. 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.edu.