Investor's Edge with Gary Kaltbaum - Gil Morales in the house [03.18.2024]

Episode Date: March 18, 2024

https://garykaltbaum.com/   https://theowltrader.com/

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it all tastes like. 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 Colbom, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening.

It is Monday, March 18th, 2004. Hope you had a great weekend for all you celebrate St. Patrick's Day. I hope you are walking today. I was passing a couple of bars, and boy, it looked quite interesting, may I state for the record. Again, thanks for joining us. We're going to get rid of the pleasantries to start the show because, as we promised, and I must tell you, I'm not sure I've ever received a reaction from the audience that I received when we announced that Gil Morales was going to be on the show.

And I must tell you, every question except one, please ask Gilmorrow. about 1999 versus what's going on today. One person asked, does Gil still manage money? So the introduction, in case you don't know, Gil Morales, former chief market strategist and the internal portfolio manager for William O'Neill, one of my big-time idols. Also, the co-author Trade Like and O'Neill discipline, How We Made 18,000% in the stock market.

I've never made that much. He is also the only person ever to co-author a book with William O'Neill, How to Make Money Selling Stock Short, and currently authors the investment website, and let me say this twice, The Owl Traitor.com. The Owlater.com. Joining me to talk today about what pretty much has been quite the interesting market over the last few months is my good buddy from that great state of California. Gil Morales.

Gil, thanks for joining us today. Yeah, Gary, great to be here. I've been looking forward to this all day long, just so you know. My goodness.

Okay, we'll take that. Gil, as I stated, and we can get right into it, you are known for A, a great eye, hard work,

a lot of sweat, a lot of toil, and 1999 is a standout. When I, When I see those numbers, I'm like, why wasn't I sitting next to you? So I get all these emails since I've announced, and they're all asking the same thing. And I think there's an anticipation that we're going to get a 99, like the NASDAQ, which closed at 16,000, today is going to be 25,000 in three months.

I want you to, and I'll give you the floor, what you are seeing, what you are thinking, how you are handling it. and if you want, compare a little bit to what happened back then. Well, the first thing I would say is that the AI meme theme, as I call it, is pretty much a bubbly sort of mania. That's really, it's like any other mania in the market, but I wouldn't compare it to 99 because the underlying conditions in 1999 were far different than they are today. And I actually think there's a lot more liquidity out there,

which keeps the market going despite the fact that you have a lot of other mitigating forces. Think about it. You were there. In 1999, the Fed was lowering rates into the end of the year because they were afraid of the year 2000 Y2K crisis, which never really occurred. But back then, the national debt was $5.6 trillion. Clinton and the Republicans were getting together to, at least on a cash basis, put out surpluses. So we weren't running these, you know, $2.25, $2.5 trillion dollar deficits like we are now. And so, yeah, there was a lot of liquidity on a relative basis, and it found its way into what was the dot-com craze, anything.com, because everybody believed anything and everything

related to the internet was just going to be huge. But, of course, everything got washed out, and then you had the remaining survivors. So like any other mania like that, that's a similarity I see with the AI meme theme, is that you've got all these companies that took off. And the reason you know it's just a mania is because most of the names that took off last year have all blown up. So I mean, there's a handful that are still hanging in there. Invidia is the big player. They might have the biggest moat. But you look at something like super micro computer, that's been a big mania because they don't have a big moat. And I don't really

see how their products are necessarily better than anything else a competitor could come in with. And if AI is really big, then you will see a lot of people, competition, move into the space. But what I see going on today is you have these manias. And today is, you have some of the similar to like the electric vehicle mania we saw in 2020, the SPAC mania, the space mania. You can pick any number of mania. So it's very similar, the crypto mania, and it'll blow up. So, you know, the Nvidia's super microcomputer, I think some of these stocks may have topped today, the last remaining leaders in the group.

If you look at the stocks that were supposed to be hot, AI meme stocks, you know, like elastic, that's blown up. Gigacloud technology is one I liked on the way up, but that blew up. today. GitLab blew up has blown up. You look at IonQ, that's blown up. Roblox, Roku, Unity, UiPath, Upwork. You know, there's a number of names that were supposed to be big AI. Either beneficiaries are going to use AI technology to further their product offerings. And what we have left is a bunch of a handful of smaller, or big names, rather, where all the smaller ones and all the lesser players have fallen by the wayside.

So you look at a name like Marvell technology. That was supposed to be a big AI meme name. And it had a huge run last week. And then, well, not last week, but the week prior to last week. And then last week it blew up. And now it's a short. Advanced Micro looks similar. They've got other names running like Micron Technology,

which is going to make the memory chips for AI. Well, big deal. How many are they going to make? Are they the only ones who can make them? Do they have a wide mode? So, you know, valuation has to come into play at some point, or at least let's not say valuation in an actual. absolute sense, but PE expansion. In an environment where interest rates are now rising again,

can these names continue to post bigger and bigger P.E. expansions. That includes NVIDIA. That includes super duper microcomputer. That one reminds me of super beta prostate. I don't know if you see that stupid form. That's an infomercial, yes. Yeah, so you know, like you're going to take a pill and yeah, sure, it'll get rid of prostate cancer. Right. Anyways, that's my thinking there. And I think that you saw a super micro computer topped today. I think Nvidia may have topped today because Super Micro is being added to the S&P 500.

It had climax topped a month ago. But the thing that saved it was like, I guess it was two or three weeks ago, I was an announcer going to be added to the S&P 500. So boom, here comes everybody rushing into it. This morning they gap it up, probably on some of the hype about this Nvidia GTC conference that started today, and I guess it runs for the next three days. So you can expect some hype to be coming out of all that. But all that, to me, is stuff to sell into.

Oh, today we had Apple and Google announced that they're going to be in a partnership. Great. So what does that mean? I mean, I think to me, Apple and Google, having a partner just speaks more to their declining industry leadership in their respective industries. And that got the market up big this morning, and I just hit it on the short side big time. and everything just rolled over. You saw that close and everything coming in

and we'll see where it goes from now. But I would say just to boil it down or put in a nutshell, this is a mania. It's not exactly like 1999. I think the fact that people are thinking that we're going to $25,000 on the NASDAQ probably means we've topped

because I can tell you one thing. In December of 99, the market was taken off. We had no idea how far it was going. So it's not something you know in advance and when everybody starts to think that something's going to be like something else and you're going to have this big blow off top I think we've already had it

so that's where I stand on it and a lot of these names I've been shorting and you can look at them they're all coming down and cooperating very nicely and that to me is the primary evidence that this this mania this AI meme mania may have run its course and I notice it's just short term

stuff but I noticed Nvidia's up 45 early finished up less than 10 I noticed Apple on the news was up 5 is finished up less than a dollar. I noticed Google was popped up and that got distributed. And supposedly all this great news is coming out. It just comes to mind. Watch the market. It's going to give us all the clues. Also, AMD and Taiwan semi, supposedly beneficiaries. All these stocks pretty much had that big reversal on March 8th that I've been talking about on

the show that just reminded me of every exhaustion, climactic, top in the sector, the semis that I've seen in the past. Is that your take on March 8th? Yeah, no, exactly, Gary. I mean, I think we're seeing it the same way. We've seen these types of markets. And we've been in the business. I think you've been in the business a little bit longer than I have, but I've been in for 33 years. And you see how these things play out. Now, the thing is, you never know when the precise top is going to come ahead of time, but you will see it in real time. And usually when you do see it in real time, everybody's bullish. If you look at the AAI-I-I-I, you know, the American Association of Idiot Investors, I mean, individual investors.

The bull, the bears are like 29%, so they're near all-time lows. The bulls are up around 56, which, you know, not as high as 70 that they've been in the past, like during 2020, say, or 2021, early part of 2021. But they're up there. So you're at extremes, but the other one that catches my eyes, the National Association of Active Investment Managers Exposure Survey, which is a survey of active managers, professionals. They're 104% long now. So they just got that way over the past week. So everybody, from a sentiment standpoint, is very, very bullish. The hype is palpable.

You know, over the weekend, it's like you hear things like, oh, the AI meme theme is just starting. The profit opportunity is just saying, well, no, not really. I mean, you guys are kind of late. But, of course, now they're trying to sell it. So they'll tell people that, just like all the guys over the weekend talking about, you know, $10,000 gold. Gil, we're going to pay some bills. We'll be right back with Gil Morales. and love what he's talking about.

I'm Gary, and this is Gil Morales. This is 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.

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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, 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 put it. probably identify something that we can change.

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Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. Hanging with my buddy Gil Morales out of California. Run by that beautiful person, Gavin Newsom, whatever his name is, who just loves their money. Gavin Gruson.

Oh, I didn't know that name. That sounds perfect. Hey, Gil, one other thing on sentiment. We follow also the bearish and bullish market advisors, down to 14.5% the lowest since February of 2018, bearishness. So you do include sentiment and put it in your file managers. you're watching price and patterns? Pardon me?

You use sentiment in your work as far as in addition to watching price? Well, I think you put it all together. You know, so it creates context, just like what's going on with respect to underlying conditions creates context. So, for example, a lot of people last year couldn't believe when the market turned off the October lows because, well, the Fed's raising rates. You know, rates are high. How can that happen? but what they overlooked is that that's monetary policy and monetary QE.

There's another element which is fiscal QE. And with the government pouring, you know, what do they want to spend in 2024, 7.25 trillion? And that, to me, that implies about a $2.35 trillion deficit. Oh, yeah. And that's just money they're pumping in. So it's a different, you know, sort of force. So that's another thing you have to take into account. But I think that's running, that's running its course as well.

So, but yeah, sentiment gives you context. Where's everybody, is everybody on the bare side or the bull's side of the boat? And as you know, when everybody's on one side of the boat, it's going to tip over. And I still remember in 99, you had mutual funds, change their name from the technology fund to the internet fund. And then we had companies just add dot com to their name in order to goose their stocks. And I'm just noticing now Wendy's announcing artificial intelligence through their drive-through. things like that. Pardon?

Did you say Wendy's? Wendy's announced artificial intelligence through their drive-through. They actually made that announcement. Well, I think they should leave the people that work for them out of it, frankly. Well done. Whatever, you know, I don't know. I think it's, but that just tells you, Gary. It's all just kind of gotten blown out of proportion.

So, and I think the signs are there. I mean, last week I told my people on my way, website, you can see, I'll show you all these stocks, they're starting to break near-term support, the last leaders that have been holding up. We have a whole bunch of others, as I just went through a whole laundry list of them, from GitLab to Roblox to Apple even, that have broken down. And, you know, this is telling you that something is up. And I think something is up. And I think that all this spending is about to hit a wall because I think the U.S. government really can only go so far. I mean, think about it back in 99, and this is what blows.

me away. Our national debt was $5.6 trillion, and we were balancing the budget. Today, $34.5 trillion. It's increasing by a trillion every 100 days. So it's going parabolic. And I think that's the first sign that you're near the end game. And we'll see how that plays out. So I'll give you a number. Biden is trying to increase the size scope in spending a government, 66% just from a few years ago, and much higher than any COVID year. And God only knows where the money's going. It's something we've been complaining about on TV and radio. And hopefully the Republicans who are part of this grow a little pair moving forward as they go through the budget process

because it is, and I agree with you, completely unsustainable. But, you know, we're just the big slush fund for these guys. And where it ends, beats the hell out of us. That's all I can say. Yeah, but it has to end at some point. And one of the things that catches my eyes, what's going on with gold and silver? The data last week, if you have been watching the patterns with the gold and silver performance relative to the inflation data, when the inflation data has been weak, they've rallied.

In fact, that kicked off a big rally in November of 2022 when we saw precious metals names go nuts. And even in the first quarter, I mean, I was up over 100% just like the first two months of, 2023 on that basis. I think what either that, yeah, 2023, but what's happened lately, you had this high CPI and even higher PPI, which in my view is telling you that core goods inflation is starting to inflect to the upside again. It's accelerating. And so what I thought was interesting was last week, gold and silver did not really sell off. And today I thought they might sell off. And they kind of hung in there. In fact, gold is up a buck 90 on the last quote here. So And I'm wondering what that means something.

Also, the regional banks are going to be having problems. Interest rates continue to rise. The TNX, the 10-year yields of 4.34% today, up 3.6 bips. That continues to rise. So the market, you know, in the same way that it started lowering rates last year ahead of the Fed, it's now raising rates. Now, up on Wednesday, the Fed comes up as well, you see inflationary pressures building, so we're not going to raise rates, but we're just not going to lower rate.

I don't think that cuts it. So something's going to snap and what that is, I don't know, but all I know is you can make a lot of money on the short side lately and that's all I'm, that's the only thing I can look at as a feedback loop that confirms that something is not quite right in the market. And so you have to conclude that it's very likely that the remaining leaders, Nvidia, meta, you know, meta is starting to come off. what are the others Microsoft Amazon the last remaining leaders Nvidia SMCI Super Micro

they're starting to come off so they're going to you can conclude based on what you're seeing waves of stocks A I mean stocks have broken down and blown up in many cases that the final wave seems to be starting

so and I'm going to say seems to be because I only know what I see in real time and that is what I see in real time but that can change at any time but for now Those are the clues, and they're all there, and they seem to be lining up. And I am watching that 10-year yield because the recent high was 4.35-something, and you're getting close. Well, it's 4.354, and we're sitting at 4.34 won't take much to take it north.

And we've told the audience that has not been very friendly for markets. Maybe this time is different, but you're seeing basically the exact thing. on the yields and maybe that's a lot smarter than anything the Fed has to say. Your thought on that? Yeah, of course. The market is always smarter than the Fed. We know that because the market knew that inflation was coming long before the Fed did. So I got to tell you, what I find so just hilarious, humorous, hilarious, absurd is that the media sucks up whatever the Fed says, but these are the same bunch of bozos who were telling us there was no inflation back in 2022. And that we, you know, there was nothing. It was all transitory.

Well, they didn't know what they're talking about, but yet now they know exactly when they are or aren't going to start lowering rates. I think the economy is slowing down very rapidly. If you look at the Manufacturing Index as a purchase manager's index, the New York Empire State Indexes last, what was it, Thursday? Or I forget what day it came out. Yeah, it was pretty bad. But if you look at a chart of that, okay, you've got two solid years of negative numbers there. And so that's not a strong economy. The unemployment numbers or the employment numbers, I call them unemployment because it's really unemployment, but they mask everything.

The established survey is totally fudge, and the best one to look at is the household survey, which counts the number of people in each household that are employed. If they have two part-time jobs, that's one person employed. The establishment survey will count that as two jobs. And over the past year, we've seen over a million new part-time jobs increased and about, I think, 400-something. Gil, I got the music going. Let me hold you on for a couple of more minutes. We'll be right back with Gil Morales and me. This is 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 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. 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 biz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if biz 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, 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 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 amount subject to lender approval we'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 comes highly recommended you're going to feel better if you talk to we are here with uh gil morales i enjoy this dude so much i keep him on for the whole show

if he has the time. Hey, Gil, you were talking about the employment stuff and what comes from the government. I always said, and this is a true story, for the last 25 years, our government changed the formula on inflation to make it much lower than it used to be, and the formula on GDP to make it much higher than it used to be, meaning they're rigging the game. So go ahead again and talk about the employment stuff that comes out. Yeah, so as I was saying, the media focuses on the establishment survey, and that looks like you have all these jobs created, but you have to remember that the establishment survey counts part-time jobs as a full-time job. They count them the same. And over the past year, we've seen part-time jobs increased by over a million, while full-time jobs have dropped by, I think, 494,000.

So that's what you're really seeing. Now, if you look at the household survey, which they never talk about, but it's in the same report if you took some time to read it. And that survey counts each person in each household that is working. So if a person in a household has two part-time jobs or three part-time jobs, they only count them as one person working. And so in the last report, that was a blowout number, right, or close to a blowout number. There was one before, but that was revised down big. But in any case, they, I'm trying to get, we showed a negative, like a negative 140,000 jobs, negative 184,000 jobs on the household survey in the most recent report. So, you know, if you look at the data under the surface, it's all,

it's all bad. There is no strong economy. It's all a bunch of BS. And every time I go to the store to buy whatever I want to buy, it seems like it's costing me more. I don't see prices coming down. So it's all, I don't know, it's the things seem to be lined up for something very bad. But like I said, we only know we see on the charts so far a lot of good shorts and things starting to break off or break. I think what you, what you just said falls in line, why buying numbers are lower than root canal because everything you buy is just ridiculously up in price and insurance costs, cars, food left and I mean just left and right. And I follow this stuff. So I think you're right on the money. I hope you're wrong on the overall. I bet everybody else does.

But we deal in reality and we'll see if reality comes home to bite. Hey, Gil, talk about owl trader.com. Yeah, it's a website actually launched the day that Bill O'Neill died by ironically. I mean, that morning I was getting ready to launch a new website and saw the headline that Bill O'Neill had passed away at 90 years old. He was suffering from some dementia issues. But it's just ironic that I launched it on May 31st, The Owl Trader.com, OWL stands for O'Neill, Wyckoff, and Livermore. Those are my three influences, so I honor them that way. I basically run it like a Twitter feed or an X feed on steroids with, you know, charts and video and deep, deep dive discussions on things. And basically I make it very easy for someone to try it out for a month because if you sign up, you can download for free my new book, which is the owl handbook.

And also. And that's free, right? Pardon me? And that's free. It's free, yeah. So if you sign up $68 for one month, well, you get that. book, plus you get eight other books, which are the Gilmore Almanac, which are quarterly collections of my old Gilmore reports for the four quarters of 2020 and the four quarters of

2022. So a total of nine books, $68, you get them for free. You can check up the website. If you don't like it, cancel after a month. You know, no skin off my teeth. But I'm just trying to offer good value to people and teach people how to deal with the markets today, the way they are, and to do it in a way that's accessible to people that don't have a lot of money. Yeah, they're not a good value. It's not a good value. It's a magnificent value. Let me give that out again.

The owl OWLTrader.com. And by the way, read up about O'Neill, Wycough, and Livermore, and you'll know why Gil lives and breathes by them. Hey, Gil, thanks so much for joining us. It is always a pleasure, and we will definitely 100% do it again as we move forward. Yeah, it was a lot of fun. So thanks, Gary. Always glad to be on.

Stay well and be well. Thank you, Gil. You too. Bye-bye. Bye-bye. All right, that's Gil Morales. And let me be clear and concise. When we tell you what we think, when Gil tells you what we think, do your homework.

Notice what he said, what he's seeing now in real time, but we'll let the market decide. You never know. And in this type of market, anything potentially. anything possible. The news-driven stuff going on right now is insane asylum. I can tell you, NVIDIA right now in real time is making some announcements. I've watched it go down 10 bucks and up 10 bucks while we were speaking. I've noticed synopsis. There was an announcement for this company, up $19 for $5.79 because of an announcement with NVIDIA. CDNS, I've noticed that go from 300 to 311 because of an announcement with Nvidia, who the heck knows where it ends up. But as we've been telling you,

there's been a ton of underneath the surface trouble. We have listed name after name after name, breaking area support and telling you the small caps can't get going while the large caps have been doing the trick. And we'll keep guiding you through in real time, but I'm going to repeat again, it's your money, treat it like it's important, do your homework, Be smart, never lose big. And in a couple of minutes, I'm going to cover what an analyst said today, that I am going to just strip away the utter stupidity what a famed analyst said today about growth stocks. By the way, in the last minute, Nvidia dropped seven bucks. As I guess the CEO may be speaking right now.

So just remember. and we will tell you what's emerging. He mentioned gold. I should have mentioned oil to him because that's been doing better with higher oil prices. And there usually is always a bull market somewhere, but you really want the wind at your back. And as of March 8th, that was the day we had that vicious reversal. What have we been telling you? Time and price.

Time and price. Time and price. And that we did not think the highs of that. day would be taken out anytime soon and guess what and we will keep you up to date we'll keep you informed but let me repeat again the owl trader dot com o w l t r a d er dot com and again read up about well you know about o'neill we've talked about him a thousand times why cough and livermore and i know all get the question, well, why did Livermore kind of commit suicide at the end? Go read up about his tactics and how he looked at things.

That's all we're talking about here. Nothing personal on the end of that. So we're not going to complain about anything today. We could complain about a bunch of things, but we're going to leave that alone. We do want to talk markets. And another day opening very hot. and finishing less hot off of all kinds of this AI news. Everybody seems to be it's all AI.

And that's why Gil is mentioning because a lot of it's getting one note. Don't get me wrong. J.P. Morgan's at a new yearly high. But all the big noise is getting contracted into one area. and this is what we have to watch closely. And there are certain levels now we're watching closely. And there's certain names we're watching closely. We already know the sentiment is the bears are gone, the bulls are insane.

The front cover of barons and economists last week, Bulls. That's our little front cover indicator that may or may not be important. This is the stuff that we pay attention to. especially at the extremes. And the one thing you never want to do ever is get caught at the extremes. We've done whole shows on GameStop on how we got a call from, it seems like the lady was in her 80s. And she ended up being pissed off at us because we said it's already 300 and it's gone from 20 and she asked, What if it goes to 400?

And before she hung up in a huff, it was $3.20, I missed $20. That's what we mean. Keep your feet on the ground. Keep a discipline. I can promise you this. The biggest money is lost at extremes. We just don't know where those extremes end, but we look for signs. There is a chance.

March 8th is a high in the semis. A chance. We're not saying it is. We're just letting you know that characteristic stands out like a sore thumb. And so far, it's been on the correct side. Now, if that changes, guess what? We'll let you know. We know markets are fluid.

Anything's possible. But we also know fewer and fewer. Up next. We'll explain that. I'm Gary. This is the one only investor's 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'm, 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 Eyeheart Radio.

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What are we waiting for? Well, what are you waiting for? One, two, ready, go. In The Wester's Edge. With Gary Kaltba. Today, in a huff, Google announces that they're in discussions with Apple for putting their AI into the iPhone. So even Apple that has been comatose was up five and change today. It's up 80 cents now.

They sold into it. By the way, as it approached the last big breakdown, that's Apple. Google, that's been laboring, hit a high today of 152, closed at 147 and changed, not the end of the world, but they distributed it. Super Micro, and by the way, we're not making this up. Near the open was $1,148. Hit a low of $9.52. down $196 from high to low before bouncing. Right now it's trading at $994.

Still down in the aftermarket, $74 on the day with the six in the aftermarket. NVIDIA, the end-all be-all. Hit $924 today. It was up $46. It finished up six. on the day they're having their major conference it's up about two bucks in the aftermarket it's been all kind of trading ten bucks up and down recently

AMD this is another AI finished down Taiwan semi today hit a high of 141 50 closed at 13750 and was hardly up we're just making a point of they distributed a hot open on what is supposed to be, hey, look at that great news, but we also have to remember March 8th.

And I keep telling our peeps, I think that's still holding sway. And let me repeat again. We'll pay attention. If things change, we'll let you know. The semiconductor index near the open, 4856, was up $100 today, finished down 10 cents. So the institutions sold into a great open. Those are facts.

And now we'll see is there going to be more. Again, there's a little bit of fireworks after the close. NVIDIA is announcing, on my chain here, is NVIDI announcement after announcement. and we'll see who they announce, who they announce with, and we'll see what moves. As we mentioned, I'm looking at synopsis up nicely. How about, I think, Cadence Design Systems?

Yeah, that's up nicely. Not seeing anything else at this second. And I want to repeat again. Gill nor I have told you to buy. sell, short, or cover. We tell you what we see. I tell you on a daily basis. Do your own homework.

Make decisions for yourself. Try to never lose big. If you find a great winner, try to hold. And by the way, for me, that's the toughest thing to do. We're voices on a radio. We think we're darn good. Do your own homework nevertheless. And as we stated, the owl trader.com.

Go check it out. I think he did say one month complimentary for each and every one of you. And that's the story. That's what I got for you. The Dow finished up 75 today. The Dow at one time today, I think it was up much more. 389. I was up about 180. The NASDAQ finished up 130. That's a little bit different.

At one time today was up, let's see, I'm 175 to 130. The NASDAQ 100 finished up 176. I know for a fact, that was up over 300. And it was all from open to the close. Do they gap it back up tomorrow? beats the heck out of me. From day to day, our candleline to you, I have no clue about tomorrow. But I do know we don't want to see hot opens, week closes. And by the way, for the record, with the NASDAQ up 130 and the NASDAQ 100 up 176, there was again for another day,

more new lows than new highs on the NASDAQ. And get this, advanced declines, 18 up 23 down on the NASDAQ. So a lot of the bigger caps of help, and Facebook was up 13 meta, Netflix was up 10, though I think it was up 18 at one time. So stay tuned. It's going to be fun. We'll keep you, we think, in good stead. Yields up again today. Oil prices up again today. You got the little, you got Powell on Wednesday.

The chalk is he does nothing. and I must say, I don't know how much time we got left, I wonder if he talks too easy and guarantees or gets close to lowering rates, and he lets that known, what if the bond market doesn't like that and yield spike? How can yield spike if the Fed's lowering rates? Because the Fed is not the market. only when they were printing money they were able to control the market. The 10-year yield is on its own now.

And if inflation is indeed picking up, which it may be, and the Fed gets too easy, that would invite more inflation, and the bond market has to account for it, and interest rates go higher. So a lot of things going on at the same time, but most importantly, we're going to continue every night. Scan 1,500 names, 200 seconds. every commodity, every country, close our eyes, hold our nose and pray.

As I tell you, we've tried that, it doesn't work. And just put our best foot forward. That's all we want to do. Put our best foot forward. Nothing more, nothing less. We're not perfect. But if you keep losses small and let winners run as best as you can, and as we've said, the toughest part, you can do pretty darn well.

in these crazy markets right now. And we'll keep on keeping on. Until tomorrow, you have a great evening. Drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children.

They will feel better. You will feel better. I promise. Peace out all. Have a great evening. Bye-bye. This has been Investors Edge with Gary Cultbaum on BizTalk.

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