Investor's Edge with Gary Kaltbaum - Important Juncture.

Episode Date: August 30, 2022

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

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Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Tuesday, August 30th, 2020, and I have no good news to tell you.

And not another good day in the market. More follow-through. Got a lot of re-exam. to my diatribe yesterday, ripping the stuffings out of one of the Fedheads who said, he was happy the way the market reacted on Friday to Jay Powell in his speech at Jackson Hole. He was happy that the Dow dropped 1,000 points to each and every one of my listeners on this show. Are you happy? That the Dow dropped a thousand points?

on Friday? And were you happy when it dropped another 180 points yesterday when it was reported what this central banker said that he was happy that the Dow dropped a thousand points in a day? Are you happy that the Dow dropped another 308 points today? Because one of our mainsts

central bankers is so happy that you're losing your butts notice i'm saying buts not the other word let me do let me be better i promise yesterday no more of that word i can't promise because i never know it'll come out but if i'm cognizant of it i'll say but instead of the other word so are you happy that the people that created the inflation with printing up to $9 trillion of funny money that screwed every saver but bubbled up every asset price, including some crazy stuff, is now happy that the opposite is happening, because it has to happen.

And in order to cure the inflation and distortions that they created, we must screw each and every one of you and your 401Ks. And if you lose your job, sorry. If you lose your job, sorry. And I know it's Tuesday. There is a employment report coming out Friday. The administration already came out today, telegraphing we expect some moderation of the job market.

So they already know the number and they're putting it out there up front. So I ask again, are you happy that the people in government first screwed you with zero percent interest rates screwed you with bubbles that have all crashed screwed you with affordability on housing making you pay up at the worst possible time and now we're happy to screw you again

because they are happy if markets go down You all happy? Does that make you happy? And in case you do not know, we are not uttering any opinion with that. We're stating facts. But wait a minute, isn't it an opinion that it was the central bank that lit the fuse on inflation? Yeah, well, why don't you go ahead and look at the central bank balance sheet and when

inflation showed up and get back to me. Why don't you go look at a video of Milton Friedman, one of the capitalistic, greatest economists of all times stating this up front? And why don't you go back to me predicting it in front and advance of everything? Your government at work for you. while the other side of the government says if you made $125,000 and $1 in the last year, you're not getting a $10,000 gift for your student loan, but if you made $124,99, you're getting $10,000 gift. But don't worry, it won't be added to the debt even though all the bean counters said it's $500 billion. of more debt. And of course it's more debt because who's going to pay for it. So my frustration

continues to run amok. Run amok. And now the president this afternoon has got a new crime bill and you know what he's doing now? He's saying the Republicans defunded the police. What? And he has no problem saying that when there's video after video after video after video after video after video of his party, wanting to defund the police and get rid of them in communities. There's no shame. It was just like Trump. Trump didn't even care that he can be standing outside and said it was raining out and the sun's out. He didn't care about lying.

And neither does Biden. He absolutely doesn't care about everybody knowing the facts. doesn't even care that for months and months and months saying inflation's bad but it's going to be transitory, months before Russia invaded Ukraine, and then when inflation hit, he said it was all Putin. None of them care. And we keep voting them all in. Every one of them. Shear insanity.

So, yes, we started the show again like this, but we just have to tell you up front, they're getting what they want with the markets now they got what they want on the upside but guess what we told you what the distortions would lead to it was a guarantee just what we don't know when and from where and now they're telling us they have no problem telling you each and every one of you they are happy that you are losing your butt right now and if you lose your job you know so be it it's cute because we got to get rid of inflation and it wasn't our fault so i have really not much good to report to you we'll go through the markets tell you what they did today i will tell you up front they opened hot and just immediately sold off i will tell you where they have finished and

you know we don't spin anything here so we're not going to tell you we'll try to put a positive spin on things, we're just going to tell you like it is. And as always, it's your life, it's your money, you have to decide. We just tell you what we think, how we're handling it, what's in our sights, and again, you have to decide for yourself. But not much good to report to you today. A few little outliers on the better side, but overall, more yuck, and we're not happy about it. Unlike them, one good thing came out of today. Oil prices tanked $5. After going up four and change yesterday. For the consumer, only good happens when oil prices come down, though many will say it's going down because we're getting in trouble economically.

Fine and dandy to that. But we know and have added up the numbers on what oil prices do for you with the pump and for products. It's like everything's made with it. Up next, full market wrap, movers of the day, news of the day, whatever else today. I'm Gary. This is the one only investors ad. 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 complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-5-9. That's 888-4-5-9. 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 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. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections. Like Healthy Choice Simply

steamers grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy choice simply steamers. What having it all tastes like. 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. Investor's Edge.

The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And walk once again to Investors Edge. Thanks for being with us today Serious talk on you and everything else With a little comedy injected when need be But less comedy these days

Because What's comedic about markets going down And the economy getting in trouble And paying higher prices for a lot of things Just so you know I do the food shopping at my household And I see it It rates a big wow

And I don't just go food shopping. I walk around, even aisles I don't need anything on. And man, prices are up big time for a lot of things, a heck of a lot of things. And average family are paying up for it. You know what else is going on in certain areas around the country? Because affordability was so bad to buy a place. People can't buy places anymore, so they rent. And guess what's happening to rent? Rent is skyrocketing. Distortions. This is all brought to you by several people at the Central Bank. I've been talking about it since December of 18. Those that listen to this show judiciously know, we warned you about all this. And the same people are running the show.

that's the amazing part of the equation. Imagine if you have somebody on your baseball team that's batting 150 and just keep them around. They're not even batting 150. So today's market wrap is brought to you by Investment-Dashmodels.com. That's Jim Rohrabach, one 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-mottles.com. I have to tell you, when I woke up, futures were the Dow was up 200 and change. The NASDAQ was up 120, 130, I believe. And we opened up, and we just simply sold off. The NASDAQ closed at 12,017 yesterday.

12,017, opened up at 12,093. finished at 11883 today down 310 from the highs of the open by the way off the lows by a bunch too today the Dow finished down 308 today the Dow if I can get my bearings right opened up 100 when we've opened up so 408 points off the highs of the morning

S&P 44, NASDAQ 134, NASDAQ 100, 141, the Sox down 35. The semiconductor index finished below the 50 day yesterday, more today. Transports 226, advanced declines were crappy again. New highs expand a little more, excuse me, new lows, and there's hardly new highs. You know what else happened today? What have we been telling you where the relative strength was? Couple of the areas. Oil, energy, coal, steel.

It wasn't like they were going anywhere, but relative strength. In other words, everything's down 30%. They're only down 10. Guess what they did to them today? Goodbye. On oil prices being down five bucks, all the oil stocks came in. And there were only few that were really strong. Most of them were mid-level or low-level.

And you know what they got today? The coal stocks. the steel stocks so they never got going real bad day in the Dow today i got jp morgan up two cents american express up 12 cents everything else down what do i see that bucked the trend a little bit interesting enough some software names bucked the trend today they were actually up today don't know what that means for them tomorrow we'll see other than that that But don't worry, are central banks happy? Since Jackson Hole, we've now dropped, let's see, 11, 13,600-dou points.

No big deal, right? 5% in change? And that's just an index. Average stock much worse? Yeah. So that's the story right now. It is the unwind of the distortion by the people that created the distortions

because they are forced to unwind the distortions because of the distortions they created. They've been wrong 100% of the time. I very much worry about 101. Why? Because this go around, they can crash this whole thing. They actually think they can control employment. Well, employment's going to go down, but don't worry, it won't be so bad.

So we're supposed to believe people that are zero for a hundred that if the employment situation goes the wrong way, but don't worry, it'll be controlled. Oh, we're screwed. They now have their hands on the levers of crushing the market. Remember, They went to the extremes on the bubble side. We now have to worry they're going to go to extremes on the other side, and that will be real bad news. Already is. And there's nothing we can do.

I put it in my head. Can we file a lawsuit against them? Can we file a lawsuit against government to fire these people and get them out of the way? There's no way to file a law. against them. They are immune from us. We the people. They are immune from us and our wants and our needs. I want you to think about all this because everything we're telling you is fact. We have no say in the matter of what these people are doing. By the way, these central bankers are not elected. They're appointed by people that have took us the 30 trillion of debt. Feel better now? Up next, what else are we saying?

man. 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, 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 IHeart Radio. Listen now wherever you get your podcasts. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers' grilled chicken and broccoli Alfredo.

It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What having it all tastes like. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Deck's 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. On-Dec delivers funding you can count on.

Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. On-Dak does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. America is talking. Investors Edge. He's got to be pleased with that.

The crowd is just on its 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. Yeah, yeah, yeah. And welcome once again to Investors Edge. Thanks for being with us today.

You know, we wish we had better news. I have to repeat something I've said often on this show. I've never been more optimistic about us. The problem is I've never been more pessimistic about them. And more than ever, they are injecting themselves and trying to control every aspect of everything we do. Do you know there's the, what's the freaking organization? I'll come up in a second.

You know what they want worldwide? To get rid of the personal ownership of cars. By the way, these are the people that do the Davos thing, the World Economic Forum people. These are the people that fly in private jets and limos. They've come out with this idea we should get rid of all personal cars and just do transit. If I was in a room with each and every one of them, I would look at them straight in the face and say,

go screw yourself, you elitist pieces of crap. But by the way, I'm not making this up, but this is what's going on. Imagine the control they want over you and over us. And just so you know, what have we said to you for years? They do with fees, fines, mandates, rules, regulations, taxes, oversight, executive orders, and all kinds of little weird stuff through the judicial system. You do know what's going on in New York City with this no bail thing. People are assaulting other people and getting out after the 20th time with no bail because they consider it,

well, kind of misdemeanor assault. and then when somebody is murdered by that person, then they're finally put in jail. This is the stuff that's going on. And yeah, that has everything to do with you and your money because these are the people making the decisions and are happy that the market's crashing. Not the same people, but you get my point. It all emanates from the same place. It's sheer insanity. It makes no sense.

I've told you the story where I was walking into a store one time, and I opened the door up for a woman and she F-bombed me because I opened the door for her. This is the things that are going on. I said I was just being nice and then I said to her, I would have opened it up for a man also. I thought she was going to hit me. I don't know at what point or where,

but the world's gone insane. And it has everything to do with you and your money because a lot of this comes from the top. And you do know the president, our President of the United States coming out of a pandemic just raised taxes on corporations while the first two quarters of this year were recession. Do you know how economically insane that is? But he says he's got 18 Nobel laureate economists that say it's a great move.

Do you know who these economic Nobel laureates are? You know who they are, right? They're the ones who gets grants from the government to do studies. that make absolutely no sense whatsoever. It's all about money. There are a bunch of cretons, and I would say it to all their faces, for actually agreement with that.

They don't believe it. They don't believe it. They don't care about you. Raise taxes on corporations while the economy's on the ledge and coming out of a pandemic. Are you high? And you think that's going to help business?

While there's inflation, run amok, well that's what he did just another reason why markets are suffering so we worry but no matter what we will continue to follow the roadmap

and stay one little step ahead and when wrong be wrong fast and be wrong small when right hopefully let them run but right now ain't nothing running so except for a few little you know software names that which by the way had a little relative strength all day

Just not a great day. And they came after, what do we tell you in bearish phases? They get anything sticking up. They got the oils and the steel and the coal names today and other commodity types. They came after defense stocks today. They came after auto stocks and auto dealers, the auto retailers. They came after insurance. They even came after some of the staples.

Wish we had better news. We would love to give you. you better news. But the market's still talking loud and clear. Long-term resistance was rebuffed and the drop since gaining teeth. Now, since we already received 100 emails, the S&P did finish below the 50-day moving average. The Dow did finish below the 50-day moving average. The NASDAQ did finish below the 50-day moving average. Now, very important, because we always tell you, need to hold the 50 day, you need to hold the 50 day. The fact that we finish below is not good news, but it's for today. If it sticks below, nothing good can happen. But always has

the opportunity to turn him back up in the next couple of days ahead. That said, even if it does told. We've had some pretty good deterioration over the last eight days, and the upside, any upside is going to be a lot tougher, a lot tougher in our estimation, based on what we're seeing. And there really not a lot of stones unturned. They get an apple. You know, we were on TV with a fame technology guy when Apple was just at its highs and he said you got to buy Apple. Matter of fact,

Apple was 174 that day. And we said there's no way we would buy it here. Greatest company on Earth, valuations just off the top and it's already had a good run. It's gone from 174 to 158. And that was from two Thursdays ago. You got to know where things have come from and not just throw darts.

And remember, Apple is $16 billion in market cap for every buck. And they're coming after some of the other biggies too. Again, just not a good day. What I'll be doing with my scans tonight, we know where the indices finished. We want to know where individual stocks finished. And we want to know what's at New Yearly lows. and obviously why? Because the more new yearly lows that show up in advance, not good.

As I look Intel, 3M, Comcast, Verizon, all at new yearly lows. Newmont mining, Harmony Gold, the gold stocks. Haynes brand, Walgreens, Fortinette, Western Union, Vodafone. You've heard of all these names. Glaxo, we work a ridiculous moronic. back that they foisted upon you again that does nothing but lose a crap load of money. Twilio, Match Group, that's Match.com,

Abercrombie and Fitch, community health systems, all New Yearly Lows, Anheiser Bush, Phillips, New Yearly Lows, dense ply, ring central, not really a lot of flybunits, Pitney Bowes, New Yearly Lows,

Haynes Celestial, Krispy Cream, And they're donuts. New Yearly Lows. Not the greatest thing to be able to 3M. I don't know what's going on at that company, but it can't be good right now. Stock's been dead and toast for quite a while. Stanley Black and Decker. Up next. More nausea.

Thanks for being here. I'm Gary. This is the one only investor's edge. Hi, I'm Dr. J. 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, well, you know, 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 Fartner. a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy.

The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers grilled chicken and broccoli alfredo. It's a satisfying meal, with 28 grams of protein and nothing artificial. Healthy choice simply steamers. What having it all tastes like. OnDEC is built to back small businesses like yours.

Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDec's 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 OnDec or Celtic Bank. OnDec does not lend in North Dakota. All loans and amounts subject to lender approval. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culpa. Dun, dun, dun, dun, dun, dun, dun, done, done, done, done, done. Welcome once again to to Investor's Edge. By the way, you ready? Vodafone, Gruppo Televisa. Mohawk Industries, carpet, New Yearly Lows, Arrow Electronics, New Yearly Lows. Toyota, New Yearly Lows.

Not happy with a lot of these names mentioned at all. And I know of a few important names that are getting close. Hey, late breaking news. Former Soviet leader Mikhail Gorbachev passed away. go look him up the opposite well I don't know about the complete opposite but the opposite of this I can't use the word that's the head of Russia right now I'm pretty sure he was up there late 80s that's that's actually some big news yeah that's being reported now Is there anything we're happy about in the market? Well, we love that oil prices came down today.

We love that. Oil prices had been ticking up. And I didn't see any news that would cause today. But oil prices now basically are just right in the middle of a range going back to March. If they stay up here, it's definitely better than it was. in early June, but still on the elevated side. And what we have told you is that it's not just what you pay at the pump. Just go Google the words, products that are made with petroleum,

and you would not believe how many. A bazillion. So guess why? If oil prices go up, the cost to make them go up, and the cost to you goes up. It's how life works. And we're talking packaging. Solar panels.

I can go on and on and on. Yields, they were kind of flattish today. But as I peruse, I always looking for anything good in bad markets. The strongest name that we follow is symbol S-W-A-V. I was down 15 bucks today, about 5%. tells you a little bit. Another name CELH broke out, tucked its head in like a frightened turtle.

The five names that make up 42% of the NASDAQ 100, Apple, Amazon, Google, Microsoft, and Tesla, ain't nothing going on right now. And Apple coming in, quite easy. And we kind of warn John Apple about people parking money there. Not great. And then it's easy for us to just go through 30 stocks, which is the Dow.

And just no real bull market stocks are trading in the Dow right now. Something stronger than others on a relative basis, but ain't nothing going. It's not like 2013 when in the first month or two of that year, it's like 14 Dow stocks broke out. And guess what happened the next six months? The Dow did well. Give me that time again, I'd be a happy guy. New yearly highs, they're just none. None.

First solar. That's new yearly high. You ready for the rest? TAL education. No, that was down today. And New Oriental education, those are both China ADR education companies that drop 90% from the highs when China told them they didn't want them making any money and I guess China's being nicer. That's your new high list.

Seriously. That's your whole new high list. You know what else happened today? Which is just utterly amazing. Another initial public offering came out. I'm not even going to mention the name. I wish I was making this up. It was 41 today.

it closed at seven and changed. I don't even know what to say. I don't even know what to say. I don't know what to say. That may be going on. Most other bubbled up stuff has just been crushed. And you know which ones I'm talking about.

Are we going to visit the June lows? Well, if we stay below the 50 day? Yes. Are we going to break it? Don't know. No matter what? We'll keep your prize day to day. But all we can tell you, another ick day.

And now the things that were sticking up, at least on a relative basis, the oils, the steel, the coal, the commodities, they got them today. And that's bearish markets. They get them all eventually. Tomorrow's another day. Who knows? we'll probably have an update. We're overdue. That all said, you have a great evening drive carefully.

And when you get home to like we do, quite simple. Make sure you hug your family, hug your children. They will feel better. You will feel better, I promise. Get some exercise in. Relax, serenity now. Tomorrow we'll be on with Charles Payne, 2 p.m. hour, Fox Business Network, and same time tomorrow for this great show.

Have a great evening, everybody. Thanks for joining us. Good night. This has been Investor's Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Today's episode was brought to you by Simple Mills, the feeling of the sun in a delicious snack. From their tasty crackers to their crunchy cookies, Simple Mills snacks taste good and are good for you.

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