Investor's Edge with Gary Kaltbaum - Not much traction [02.25.2025]

Episode Date: February 25, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:26 That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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 Colpom, your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. I think it's Tuesday. I think it's February 25th. I think it's 2025. I hope you're having a good day. As always, a lot to cover.
Starting point is 00:01:02 Serious talk on everything that affects you. We'll do the markets, the economy, your job, your industry, the Morlocks in D.C., Doge will have the Doge moment right out of the box, and some more ethically challenged politicians. Why do we do that? Well, these people are voting on our future. and if they are crooked, how do we depend on these people? It really does matter. We'll do that and just another day of misery in technology stocks. We hope you have been listening on that as we head into the end-all be-all
Starting point is 00:01:51 and video earnings after the close tomorrow. And as you know, there's people that. actually think the whole market's going to depend on Nvidia. No, Coca-Cola don't care about what Nvidia reports. Neither does Home Depot. But it will matter to the technology front. As we have said to you, our biggest worries have been, there's been a lot of numbers bandied about and talked about
Starting point is 00:02:18 on how much is going to be spent. And sorry, we ain't buying it. But first, if you don't get this radio show in your city, We'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email us, just be nice. You know what to email us.
Starting point is 00:02:38 Right? Right. Right. The Doge moment. So ladies and gentlemen, why I love Doge so much? Because it's uncovering corruption. And what do I mean by corruption? Well, let's see.
Starting point is 00:02:57 We find out that $50 million went to something. And then if we look closer, we see that 25 million got there, but 25 million went to consultants and travel and consultants of the consultants. And then an organization was created. And then the organization pays a politician, $250,000 to speak to that organization. We find out, guess who was able to get that money to? You get the point, right? So you ready? These numbers I'm about to give you, this list I'm about to give you, were going to be spent, but all have been canceled because of Doge. I love that.
Starting point is 00:03:52 You see, it's been a free-for-all. There's been no checks and balances. It's just been giveaway. You have to give away. You have to give away. Why? Because they're not using their own money. They're using our money.
Starting point is 00:04:03 And as we have said to you, they have turned the number 10 billion into a freaking footnote, and it's tiresome. So we're thrilled with what they're doing. We love the morons that are actually complaining about it. They're so much fun to make fun of. Why would anybody be upset about making government efficient and effective? Now, I will state for the record, I'm not thrilled the way they're doing it federally. I'm not thrilled the way they're doing it. A little bit of shoot first, ask questions later.
Starting point is 00:04:40 But I love what they're doing overall. You ready? Listen to this list in the Doge moment. $69 million was canceled. Get this. For the Eurasia Foundation to do digital transformation activity in Europe. What the hell they need $69 million for that? They ain't going there.
Starting point is 00:05:01 million to internews for programs including media enabling democracy inclusion and accountability in Moldova. Think about this. They were going to send $32 million of our dollars to Moldova. Where my apartment is in New York City, there is a homeless veteran that lives on the street and he gets no help. but they were going to send $32 million to Moldova. Think about that. $7 million for the American Bar Association to promote the resilience of the Eurasian legal sector and civic society.
Starting point is 00:05:46 What kind of bull crap is this? How about $520 million? That's a big one. For a consultant to do ESG investments in Africa and mobilize private sector resources and expertise. 520 million! Give me a plane ticket to Africa and give me like 5 grand and I'll do it. 520 million.
Starting point is 00:06:14 How about 25 million to promote biodiversity, conservation and promote illicit livelihoods by developing socially responsible behaviors in Colombia? Only 25 million. How about 40 million to improve? the social and economic inclusion of sedentary migrants. 40 million to improve the social and economic inclusion of sedentary migrants. 42 million for John Hopkins to research and drive social and behavior change in Uganda.
Starting point is 00:06:55 42 million. 45 million to address the needs, opportunities, and challenges identified by activists and other civic actors engaged in non-violent collective action? What do you even need to do that for? To address their needs? And we'll finish up $52 million. Was going to the World Economic Forum, even though the World Economic Forum is made up of
Starting point is 00:07:25 a bunch of billionaires that fly private jets into Davos once a year and then whine and complain to us that we must do something about the climate. 52 million of our tax dollars were going to them. What does this all tell you? They don't give a crap about us. We're just one big gigantic, freaking slush fund for these people. That's all we have been. I thank Doge.
Starting point is 00:07:59 I hope they get it right on how they do things. I really do. Again, we're non-biased here. We'll tell you what we think they're doing wrong and what they're doing wrong. But overall, I've been waiting for people to give a crap about us, the taxpayer,
Starting point is 00:08:20 and not abuse the hell out of us, which they have been doing. For ages, that's how you get the 37 trillion of debt, two trillion in deficits. We're running at three this year, and the trillion bucks each year. Our first trillion of our tax dollars
Starting point is 00:08:37 goes towards interest on the debt that they created. And you know what? They're all going to be gone. Either debt, are retired. All the culprits. Anyway, this was just the little list that was canceled. And it thrills me.
Starting point is 00:08:55 I got nothing against Uganda at all. But why do you have to give $42 million to John Hopkins to research and drive social and behavior change? Who are we to drive social and behavior change in Uganda? What, are Ugandan's dumb? Idiots need our help? I got news for you. They probably can teach us some things. You think I'm pissed?
Starting point is 00:09:25 All this money was going. It was gone. And I bet you a bunch of politicians were making money off of this. No doubt in my mind. That is your doge moment for today. And we'll post it on Twitter, which is now X, a little later tonight. But ladies and gentlemen, I'm kind of not done. I hope you don't mind.
Starting point is 00:09:49 I'm kind of not done because in a couple of minutes we're going to do more than just the Doge moment today. We're going to do what I would call another corrupt politician in plain sight. And I would say it to his face. And then, of course, we'll do the markets. And let me just state for the record up front. NASDAQ down 260, NASDAQ 100 down 264, the Semiconductor index. is down 114. Software stocks got hit again. It's just not a pretty sight, ladies and gentlemen. I wish I had better news. But if you have listened, we have warned you about that area.
Starting point is 00:10:36 Other things are coming to the four, what we would call lower beta, boring type things. Whether or not they last, I could not tell you. But there's always hope. tomorrow's Nvidia may or may not change the playing field. Up next. The markets and sleaze. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.
Starting point is 00:11:40 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
Starting point is 00:12:13 complimentary portfolio review. The number to call is 888-422-5-5-9. That's 888-4-2-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day.
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Starting point is 00:13:09 Venture X offers the premium benefits you expect. Like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change.
Starting point is 00:13:34 See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen,
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Starting point is 00:14:32 You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So, ladies and show, As we have said to you a thousand times, we would rather be reporting to you how well the people in Washington, D.C. are doing and the great things they are doing for us. We would love to. We take no joy in the things that we have to report to you. So we just want to. We just want to. We take no joy in the things that we have to report to you.
Starting point is 00:15:21 So, we just want to let you know that an ethics complaint has been sent to the Committee on Ethics in Washington, D.C., from an ethics watchdog for an investigation on what they are calling blatant corruption by a sitting senator by the name of Sheldon White House, of Rhode Island. Here is what the complaint is, ladies and gentlemen. You decide what you think. You decide. I can't even believe I have to read this. Sheldon White House backed legislation that enabled his wife's environmental non-profit.
Starting point is 00:16:28 Remember what we told you? They create all these nonprofits, funnel all kinds of money to them, take big salaries, go on travel adventures. So he backed legislation that funneled. The wife has been paid $2.7 million while the group has ranked in $14.2 million in federal grants
Starting point is 00:16:52 funded by bills that White House voted for. We don't make this up. The wife has worked for this advocacy group called Ocean Conservancy, Since 2008, Ocean Conservancy had paid the wife through her consulting firm Ocean Works since 2017, $2.7,2-whatever million. Since 2008, they've been awarded 19 government grants worth $14.2 million. However, nearly half of the $14 million was given to the group in the first. fall of 2004 alone
Starting point is 00:17:40 while Biden was walking out the freaking door. Senator White House voted for all. So I ask you, should a senator be allowed to vote for a wife
Starting point is 00:18:03 to get a crap load of our tax dollars that never ever have to be paid back? It's a grant. Should he be able to do that? My answer, is freaking no. But he did, and let me be clear what I would say to him right
Starting point is 00:18:21 to his face. You know this sucks. You know you shouldn't have done it, but you get away with it because you created this thiefdom in Washington, D.C. where nothing ever, ever, ever
Starting point is 00:18:37 gets anybody in trouble. Need I say more? And we're done whining and complaining about what's going on in D.C. I wish we had better things to say, and if we find it happen, we don't care if it's an R or a D or an independent or the Whig Party.
Starting point is 00:19:04 We are going to report this crap to you. By the way, nothing will come of this. The media will not report this. By the way, the media has still not reported Stacey Abrams, and that sleaze. And again, anything we say here, we'd say it straight to their face. Stacey Abrams is sleaze, sleazy, and what she did and what she accepted.
Starting point is 00:19:32 And she's complaining about Doge, I wonder why. We move on, because we're good at Segway. That's what we do here. So a few things of note. Number one, another rough day for technology. Envidius tomorrow, everybody's hoping it's. going to turn the tide. I have no clue whether it turns the tide. All I can tell you, it's just pretty much a misery. I will tell you a lot of things came off the floor today.
Starting point is 00:20:07 And what I mean by that is, let's see what I can give to you. Netflix finished down another 11 today, but it was down 33. Meta was down 11 today, but was down 12. But was down 13. But was down 13. 27. So you got some of that. But not a lot of that. I'm going to have to scan tonight and just go one by one. One of my favorite Spotify closed down 13, but was down 26. So you got some of that. And believe me, we'll take it. And by the way, the NASDAQ, which finished down 260 today, hit a low of 18871. So it was down about about 400, but did try to rally and just couldn't hold on. We'll see what tomorrow brings. Hopefully it's better.
Starting point is 00:21:15 Again, you got Nvidia. I will tell you the tech and the NASDAQ and NASDAQ and NASDAQ 100 is oversold after a few days of misery. Maybe we bounce a little bit. They tried a couple of times today and couldn't, but as I stated, some things did finish off the lows, and I'm going to have to look at moving averages and support levels, but leave no doubt. When I say to you, meta was way off the lows and bounced. At the close today, it's down 84 bucks from six trading days ago. when I say Netflix, I'm using these two names because you know them all, was off the lows. It is still $87 off the highs of six days ago. And I can go through a litany of names.
Starting point is 00:22:11 It's pretty much all the same. Other things I want you to know about is crypto. As we have told you, Ethereum is already in a bare market. And I don't really follow too many of. others, but I gather they're all falling. Bitcoin today of imports, gap down. I believe it was under 90,000, but we quote the I-B-I-T for you, which is an ETF for Bitcoin. And we can tell you, at one point today it hit $48.67, closed at 50, but still down about 6% in change, and right at what I consider to be
Starting point is 00:22:54 serious support levels. Up next. Why is it important? Much more. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.
Starting point is 00:23:37 Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card.
Starting point is 00:24:03 Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit. for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?
Starting point is 00:24:25 Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need. explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.
Starting point is 00:24:50 The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Sprinker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more my... microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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.
Starting point is 00:25:34 With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, a few thoughts. As you know, the president has been cryptoized and talking about a strategic reserve of Bitcoin, which I think my opinion is the stupidest thing I've ever heard. But that's just my opinion. I think they need to be very careful. And I say that because as we have stated to you, the last bear market in the NASDAQ had Bitcoin dropping 75%. We're not predicting 75%. We don't know. But all we can tell you as of right now. You've got a nice little 20-some-odd percent drop in it from the highs. And if the NASDAQ worsens, I worry. And I bring it up politically because we have something called the
Starting point is 00:26:34 midterm. And I got newsfea. The House is the committees and the investigation committees. And if the Democrats get the House, guess what the hell they're going to be doing for the two years leading up to the next presidential election. That is correct. So we're going to watch that closely. Finish the little better by the end of the day. And the one thing we have warned you about also is micro strategy, which had a high of 543 is now 250.
Starting point is 00:27:07 What did we tell you? We were careful with our words. We didn't use the word scheme, though others are using the word scheme. all we just said to you was can this really work out well in the end they're borrowing money to buy Bitcoin and I heard the CEO said something to the effect
Starting point is 00:27:30 if Bitcoin goes to a dollar they'll just own it all but if Bitcoin goes to a dollar they're all broke and you're all screwed but he did say that and micro strategy leveraged is just getting blown away. Bombed.
Starting point is 00:27:54 And as I said, others have used the word scheme. I'm just going to say, you're borrowing all kinds of money and you're putting out these zero percent converts and just to buy more and more and more. What if price goes down? Duh. Well, we'll see when all is said and done, ladies and gentlemen.
Starting point is 00:28:19 We're open to all out. comes, but I must state for the record, the whole thing is weird. So that's the Bitcoin. And we do not own it. Just letting you know, what else do I want to bring up today? Low beta world had a better day today. Interest rates plunged again today. Now, the thought process always is, well, if interest rates are plunging, that's good for technology? No, not necessarily. because if technology earnings have topped and valuations out of hand. So that's something to watch very, very closely
Starting point is 00:29:05 as we move forward. Again, technology is stretched, extended, oversold right now, big time. So a bounce could happen sooner rather than later, but I don't know if it changes the near-term trend. we will keep you informed on that, ladies and gentlemen. What else? Well, we mentioned to you the 10-year yield is plunging,
Starting point is 00:29:32 and usually that's good news. We'll see. Mark it very defensive today. Strength in utilities. Another decent day in insurance. Another decent day with Hershey's and Pepsi and Philip Morris and chlorox and things like that. They bounced healthcare pretty good.
Starting point is 00:30:00 By the way, Eli Lilly, back to being on the strong side. Here's another one in Drugland, McKesson, setting up pretty well. We'll see if it can bust out of here. And that was the story today. I mentioned to you the NASDAQ. It was down a big 260. That's not good. The Dow was up 160.
Starting point is 00:30:19 as the money flowed into the most liquid lower beta stuff. So you had better action there. So drugs today, the managed care bounce today. Housing finally bounced on the lower interest rates. You had a little bounce in some of the economically sensitive stuff. I wouldn't get too excited as I already scanned them. but semis also finished bad on the day at the close you don't want to see that that's three days in a row
Starting point is 00:30:58 maybe that'll change with Nvidia more I don't know we shall see we're just careful here so short term I think we can bounce but there's been a lot of breakage names dropping below support areas and moving averages
Starting point is 00:31:23 and just what I call going by the wayside. You had a bunch of stocks recently that gapped up on earnings and just filled the gaps and more before you can say boo. Famed name Palantir.
Starting point is 00:31:41 We're not making this up. Hit an all-time high five trading days ago at 125.41, 88.8.8. 18 today. Actually hit 85 and a quarter. On volume.
Starting point is 00:31:59 And I know there was talk about how the spend is not going to be as strong and all that fun stuff. We don't care why. At all. I also have to bring up Tesla. And that is another important part of the equation. It's one of the higher beta names. And they have their problems. We have already been reporting.
Starting point is 00:32:22 to you, how there's been a significant slowdown in their numbers. There's a new one that came out today. European sales in January down 45%. I believe that's year over year. That's not good news at all. 45%. Again, not good news at all. all. So our life is a little bit easier right now. There is a big separation of good versus bad
Starting point is 00:33:15 in the market and a lot of stocks going by the wayside. We'll keep you informed. But man, oh man, it has been on the icky side as icky can be. And as we scan with no bias, defensive. A little bit more defenses. You know when you get your blood taken at Lab Corps or Quest Diagnostic? That's New Yearly highs. Insurance stocks like Aeon, progressive, new yearly highs. The people that take your garbage out, Republic Services, New Yearly highs. I wish we had some new yearly highs in the growth arena. By the way, 33 new yearly lows on the NASDAQ, 126 on the New York. So, 459 new yearly lows. That's another, that's the highest number we've seen in a while. And I'm showing 124 new yearly highs,
Starting point is 00:34:28 but I can promise you, a lot of them are non-operating companies. That numbers much, much less. And as I look at new yearly highs, just so you know, AT&T. Starbucks. Philip Morris. Starbucks actually New Yearly High again. Berkshire Hathaway, Kroger's supermarket. You got some European banks at New Yearly Highs, by the way. No argument there.
Starting point is 00:34:59 A couple of restaurants, Yum brands, New Yearly High. That's good. And as I go down the list, not finding much else. As I go down the list. And again, a ton of New Yearly lows already. While the big indices are hardly off highs. Now, the Russell, the small caps and midcaps, they're in correction territory, they say. More than 10% each.
Starting point is 00:35:37 A lot of damage done there. My job right now. Keep the brain in check. Lose the least. Be patient. Up next. What else we got for you? I'm Gary.
Starting point is 00:35:59 This is the one. only investors edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than
Starting point is 00:36:45 you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with CodeCompert. That's Tommyjohn.com. Comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.
Starting point is 00:37:15 Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker, the platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.
Starting point is 00:37:47 The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to... What are we waiting for?
Starting point is 00:38:20 Well, what are you waiting for? One, two, ready, go. In the Wester's Edge with Gary Culper. So, uh, didn't I really sound P-O'd earlier? Do you blame me? Do you blame me? A sitting senator is a creep enriched his family with our tax dollars.
Starting point is 00:39:25 Yet he will go on TV. and complain about Doge. You got Ilhan Omar complaining about Doge and the billionaires. Three million of our campaign funds, those are our donors, went to our husband's company. You think that is good ethics? You think? And when they go on TV and they act like they're all knowing, all seeing, all being, and they get called, they're called the Honorable.
Starting point is 00:40:13 You know, they're the Honorable Sheldon White House. The Honorable Ilhan Omar. Who's that other idiot? What was the guy that got drummed out because his whole life was a fraud? George something, Santos. He was called the Honorable George Santos for a while. It's just so aggravating. And the media can be such a.
Starting point is 00:40:39 big help on this. They could drive the bus on ethics. They can report all this and embarrass the hell out of these people into never, ever doing it again. But no, they'll only embarrass one side while kissing the butt of the other side, and I don't know why. It's the weirdest thing. I don't know where the media woke up one day and say, oh, that side we're going to be kind to. You know, they blacked out all of the Biden corruption completely. Just so you know, his family is a corrupt entity. They might as well be the Gambinos and the Gaudis. They just did it a different way and they didn't shoot anybody, not that I know of. They took tens of millions of dollars from influence peddling because of who Joe Biden was.
Starting point is 00:41:38 And did it with no, you know, one of the sons gets caught. He gets pardoned. The media, eh, eh, eh, eh. This is the stuff that's got to end. And just remember, we got the $37 trillion of debt because of this. thinking. We can get away with anything. Oh, 20 trillion of debt. Let's do 21. Oh, 21, let's do 24. 24, let's do 27. 27, let's do 30. And of course, Joe Biden took the championship belt away from Trump, who took it away from Obama, who took it away from Bush. And now finally, somebody's doing something about it,
Starting point is 00:42:33 and people are having crap fits over it. What does that tell you about those people? And again, I don't like how they're doing it. Oh, you're just firing a person the next day. Without any warning? I don't like that. Oh, but you're giving a maintenance severance. I still don't like that.
Starting point is 00:42:58 There should be some leeway on there. And some investigation on how many first before you do it. You know, they fired a bunch of nuclear people and had a hot rehire him back the next day because they realized, oops, they were people that watch over our nuclear, and we need them. Duh. So we tell it like it is.
Starting point is 00:43:22 And what does this have to do with markets? Well, everything. You think if we go to 60 and 70 trillion, the markets aren't going to bite? You think if we get a central bank printed $9 trillion again, we're not going to have inflation again? So we've got to cover them now more than ever. The good and the not so good. And of course, we will keep you informed on markets as we go.
Starting point is 00:43:56 And the story right now is, boy, there has been an absolute mashing of leading stocks in the technology growth arena, smoked software types and the like. And today was no different. And they had a chance today to recover and could not. the money flowed into, well, with interest rates lower, Sherwin Williams in the Dow. That was 60 Dow points. Travelers was up four bucks because insurance better. Home Depot guides lower, but's up $11 today.
Starting point is 00:44:39 That was after dropping 40, though, recently. So the Dow had a better day. What didn't have a better day, gold. mid-down 11 is they coming after the banks a little bit. They got JP Morgan a little bit. They haven't broke the 50-day yet, but they're right there. That's to be watched. But just overall, ew.
Starting point is 00:45:05 I didn't mention China yet. Had another pretty decent day today. After getting smoked yesterday. We watched Ali Baba the closest. They were down 14 bucks yesterday, bounce five bucks today. Wouldn't touch it here. I'm not courageous. I'd rather see it pull back a bunch more.
Starting point is 00:45:25 Don't know if it's going to. We're seeing more blowups. Planet Fitness. Down nine bucks today, 9% on their earnings report. For example, have you heard of this company, Hems and Hers Health? Down 22% today. They have something to deal with something in the obesity crap.
Starting point is 00:45:51 Trip.com, 11% today. These are all down. So not very easy out there right now. We're ducking until things get better. Hey, that all said, hope you get a little angry with us also because we're tired of it all. You have a great evening, drive carefully. When you get home, do like we do.
Starting point is 00:46:15 Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You'll feel better. I promise stay well, be well. Thanks for joining. Good night.
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