Investor's Edge with Gary Kaltbaum - OIL And YIELDS

Episode Date: September 18, 2023

garyK.com or https://garykaltbaum.com/Considered one of the finest radio shows on the markets, the business world and everything that affects them, Investor’s Edge with Gary Kaltbaum, a Fox News Channel Business Contributor, brings his in-depth take every day. If you want fluff, this is not the place. Gary is a hard hitting and pull-no-punches host especially when it comes to people in power affecting you and your money. His daily in-depth analysis on the markets is second to none.

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Terms apply. Lounge access is subject to change. See Capital One.com for detail. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. Solvents, ink, upholstery, bicycle tires, tires, floor wax, sports car bodies, nail polish, boats, ballpoint pens, football cleats, insecticides, fishing lures, perfumes, shoe polishes, petroleum jelly, antiseptics, basketballs, dyes, life jackets, TV cabinets, tool racks, skis, percolators, mops, umbrellas, roofing, speakers, denture adhesive, toilet seats, fishing rods, fertilizers, lipstick, synthetic rubber, ice cube trays, electric,

Plastic Woods, rust rubber cement, tennis rackets, tennis rackets, speakers. Water pipes, shampoo, wheels, paint rollers, shower curtain, safety glasses, aspirin. Aspirin? Luggage, guitar strings, antifreeze. Football helmets. Solar panels. Combs, vaporizes, heart valves. Pillows, artificial, turf, model, cars, movie, film.

car enamel, golf balls, toothpaste, shaving cream, contact lenses, folding doors, bandages, hair curlers, drinking cups, ammonia, telephones, telephones, tents, detergents, footballs, eyeglasses, safety glasses. Shall I continue? The reason why we're bringing this up is because oil prices are above 90 now. that was a small glimpse into products that are made with petroleum. Just a glimpse. I could have done a couple of hours of this show making a list. On top of that, oh, that's right, you fill up your cars with gasoline. Oh, that's right. I forgot.

I bring that up today because of the great con continues and was getting louder in the last few days. It's one of the greatest money-grabbing cons makes Madoff blush. Didn't Bernie Madoff die, though? I think he may have passed away. And the con is they can stop the weather. they can change the weather. The hurricanes are too strong and they'll make them not so strong. The floods are worse than ever and they're going to make them not as bad.

The fire is hotter and they're going to make it less hot. Well, first and foremost, that's all a lie. It's made up out of thin air. And they've done a magnetism. A magnificent job of marketing it. If you think about it, the big lie started with global cooling, and you can go on the web and see the front covers of magazines from years ago about global cooling. And they were telling you, if you did not believe about global cooling, by the way, we're getting to our point.

If you did not believe in global cooling, you do not believe in the science. And there was no social media back then. There wasn't no Fox News to refute back then. They made it the gospel until you had a few hot ears. And they were crapping in their pants. Oh my God, we look like idiots. What should we do? It's getting hot out there.

We're sweating. It's global warming. You see, the global cooling. Let's just put it aside. Let's not tell everybody we're a bunch of morons. It's global warming. And let's get the media to follow suit with us because it's getting hot out there and it's global warming and it's global warming. And if you did not believe it was global warming, you didn't believe in science. You are a piece of crap. You didn't care about the world. You hate people. You don't care about the future. oh my goodness we had a couple of big gigantic winters big gigantic blizzards around the globe and they would do it everything possible to convince you where some areas were hot

but it was very easy to see there were blizzards around the globe and they're like oh crap oh my goodness we're screwed what should we do and they got into a room and they hired uh advertising agencies or whatever people that come up with these great monikers, you know, monikers, you know what a moniker is. Well, we were wrong on global cooling. Global warming and it's freezing out. What if we just come up with a moniker, we can't be wrong? Climate change. And yet they've been able to convince people of this gigantic scam.

And they've convinced young people and the young people will not go on. the web and look how they've lied to them. The young people will not go backwards. And wait a minute, you told us global cooling, then you told us global warming, and now it's climate change. And you're telling us you could stop hurricanes, but wait a minute. We went 10 years without hurricanes. Thus the scam. Thus the scam. And I bring this up because the bigger scam is that we're going to be victims because we had what we would call a little bit of control. As usual, Trump lied and said he had a ton of control on energy,

but no, no, no, we had some control. And we gave it all away. Joe Biden, one of the great corrupt scam artists of all time. What? How do you say that about the president? Yeah, sure. He stopped the leases in Alaska in the last couple of weeks. Oh, and oil prices are going higher.

I wonder why. Because the investors, speculators, traders, see that, oh, this guy's going backwards. And they see the Saudis and the Russians slowing down production at the same time to take advantage of the stupidity here. and boom we're in the 90s and at the same time they're trying to convince you that inflation's back in check they got Paul Krugman this stupid hack on New York Times that if a Republicans in the White House the world is ending if a Democrat's in the White House everything's Goldilocks

he's trying to convince you you're stupid he does an op-ed and says you just don't understand what's going on while you're going to the store and paying a crap load more for things while your insurance is going way up while gas prices are skyrocketing it but you're just stupid you know what our point is these are the same people these same people are convincing us that they have us in their best interest while they run a two trillion dollar deficit this year two trillion dollars that is more than what we spent in the year 2000 all federal spending it is a gargantuan increase from the last few years.

They are actually to the point where they're spending almost as much as they did when they spent all that extra money on COVID. The same guy, the guy who's running against, probably against Trump, oh, God, it's like the flu versus pneumonia, telling us he lowered the deficits and he lowered spending when he gargantuan increase in debt deficits and size of government spending. What's my point? if oil prices get out of control from here, and we're not saying they're going to, but they're certainly persistently rolling upwards. We're now starting to see the job market soft in California's gone from 3-8 to 4-6 unemployment,

and they always say follow California. Savings rates have plunged, credit card usage is skyrocket, the interest rate on credit cards are skyrocketed, the amount of credit cards are skyrocketed, trillion dollars of our tax dollars this year are going to go towards interest. Shall I continue? Forewarned. From your handsome and buffed host.

You're forewarned. We don't know the trigger. We don't know when. Could be three years from now, two years from now next week. They're taunting us. I'll put a bow on it up next. This is the one only investor's edge. Hi, I'm Gary Kalbaum.

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It doesn't get better than this. Are you ready? The U.S. now has a record 17.1 trillion of household debt, a record 12 trillion in mortgages, a record 1.6 trillion in order loans. record 1.6 trillion in student loans, record 1 trillion in credit card debt. You ready? Taiwan Semiconductor. Just asked the suppliers to delay shipments due to slowing demand.

You know what happened to semis last week? The Federal Reserve, these mudhounds at the Federal Reserve that's going to come out Wednesday and tell us what they think. Yes, we're going to, you know, kind of like, hi there, my name's Jerome Powell. And we're going to keep rates the same now because, you know, we sat around the table. And we just decided that, you know, we'll let the data come in and then we'll make a move. And maybe we'll go up a quarter point or down a quarter point. They're losing $758 million per day paying interest to commercial banks on reverse repos. Go look it up.

The loss has just reached $100 billion. Want me to continue? There are now 760 million barrels remaining the U.S. which has $350 million in the Strategic Petroleum Reserve. Guess what? We use $20 million a day. How does that sound? Every penny of the government ever collected in Social Security taxes has already been spent.

Just want to let you know. You got me? We don't like doing this, but I just was watching. You know, they have these Sunday shows. And they have these Sunday shows, you know, that's supposed to hold the powerful to account. You know, these people that have taken us to $33 trillion of debt, massive deficits, spent trillions of dollars on poverty and the homeless, and we still have poverty and homeless. The Marxist telling us, without them, we're doomed, and they're going to be able to control the weather. And I watch, and I tape these Sunday shows.

And then I watch them very quickly, and I go through them, they bring on the same bozos each weekend, and I'm just waiting. for one of them, just waiting for one of these journalists to look one of these people in the eyes and say, this question, ask this question, what the hell are you doing to our future? You've been in D.C. for 40 years. 40 years you've been in D.C. and since that day, we have gone from a trillion in deficit to 33 trillion, and you have signed off on every one of them. Why don't you get the hell out of our face? No. You know what they were asking about this weekend? Abortion this, abortion that, abortion this, abortion this, abortion that. Trump this, trump that. Trump this. Age this. I couldn't give a crap if the president was 150 years old if they knew what the heck they were doing. So I just wanted to start this way because I was just watching a little bit closer this weekend. they are burying us. Every one of them. As you know, we're pretty good with our predictions. We will have a government shutdown. Now let me explain a government shutdown. Government never

shuts down. That's another lie that they're going to foist upon you. The government never shuts down. All the Social Security goes out. All the essential stuff goes out. You know what they'll do? They'll shut down a museum. So there's the other stupid lie. I'm just letting you know that is next up. And they're going to tell us how the world is going to end. I got Newsfea. If our government shut down, it would be the greatest day. Essential services and go screw yourself with everything else.

And I'm just waiting for one journalist this week. One, to ask the question of the Biden administration. You are out all this week yelling and screaming about. Bidenomics. Is Bidenomics a $2 trillion deficit this year brought to you by Joe Biden? Do you know why they don't ask that question? Because there are a bunch of wimps. Because they're afraid if they ask the question that cannot be answered, they won't get him his guests anymore. Who gives a crap about the victims? us. So we're over $90 in oil while they're telling us we're going to electric. By the way,

what I want you to do is go look up how much insurance is for electric. It's gargantuan more than regular cars. You know why? Because it's tough to replace the parts. They don't tell you that. Why do you think they have subsidies to buy electric? Because people don't want the electric. That's another roy. Hmm. The same people who are, brought to you so many failures, failures are telling us, oh, electric's going to be great. Yeah, maybe one day. Not forced up our, you know what. So we're just letting you know. And we'll do the market in a second. It was almost like paint drying today underneath the surface a little more going on. But when all is said and done, oil prices are up almost another

buck today. The 10-year yields at 4.32. And just remember, it was basically at nothing. and the reason why all these banks have big losses is because of this nut job that's coming out on Wednesday to tell us, well, we sat around the table and we've decided that we'll wait for the incoming data, and we're going to keep rates the same, but we stand fast to maybe do this and maybe do that, but we don't know, and we'll let you know, we'll let you know. While they've lost the trillion bucks on their bond buying. Yeah, but, you know, it's not our money and it's not your money, so don't worry. It's just really fake money, conjured up money, because we interfered with markets,

took rates down to zero and screwed every saver and created all kinds of bubbles that all have dropped 99%. And if you got in too late, oh, you're screwed. But it's not my fault. And then inflation went insane. And the good news is nobody was following us. So they blamed it on Putin and other things, even though it was us that printed $9 trillion. Yeah, yeah. I'm in a mood because nobody's getting the job.

done. And unfortunately, you got Trump against Biden going forward. And again, it's like the bubonic plague against what else you got out there. Two nightmares of epic proportions. Do you know Trump is polling like 60%? The Santhus is like nine. And I'm not going to try and convince people that love Trump not to because you can't. He's won them.

I watched two interviews this week. The guy just lies about everything. And don't get me, Biden can't even speak anymore. He can't even read a teleprompter. But he sure can run deficits. Championship belt. We'll segue up next. A few things on the market today.

I'm Gary. This is the one only investor's edge. 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. 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 Capital1.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, 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, Apple Podcasts, Spotify, in 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. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. Plus, enjoy access to over one thousand 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. You're listening to. America is talking. Investors edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy.

With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Uh, the Giants score the final 24. points to win against Arizona. Sorry, Arizona. I know you guys are listening. KFNN.

Phoenix Scottsdale. Love you. But you guys gave away the game. My fantasy league, I'm the worst. I'm 0 and 2. And I should have been one in one. I did not play DeAndre Swift. Instead, I played somebody else. And I would have won if I were to play it. I'm 0.2. I'm terrible this year.

That's your sports for the day. Today's indices didn't really move much market wrap brought to you by Investment Dashmodels.com. That's Jim Rohraback, 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 dash models.com. Dow was up six. NASDAQ was up two.

How's that? But advanced declines on the NASDAQ were 1535 up 2616 down. and therein lies the problem. The broad market is much worse than the indices because the market's buying up the big names. Well, I take that back. Holding up the big names better because they're very liquid, which is worrisome.

NASDAQ up two, but advanced declines 15 to 26. You ready for this? New yearly highs on the NASDAQ? Well, it's showing 50, but I'm about to take. Take a look underneath the surface of how many highs really are on the NASDAQ. It's showing 50. 1, 2, 3, 4, 5, 6, 7, 7, 8, 8 new highs on the NASDAQ. 250 new yearly lows, most in months, underneath the surface.

To be watched, transports down 86. Russell 2000 cannot find a friend. And listen carefully. It may be nothing. It may not mean too much. Could get better tomorrow. The regional banks are starting, well, the regional banks continue to act like the south end of a northbound jackass. and are rolling over again from bear market activity.

They're not at the lows of May. They've rallied up some, but they're rolling over. That will be watched very closely by Moire. May I also add, at the same time, retail stocks, no good. Yuck. Interesting. regional banks retail and oil prices continue to soar i wonder if one plus one does equal to

you're darn straight it does families that have to drive much drive are going to the gas station now and paying hundred bucks more a month for gas And whatever else, we'll see. Maybe it's just September. You know, we're told September's a bad month. Okay, sure. We're just letting you know we don't care what anybody else tells you. You really cannot continue to have a NASDAQ that was up two points, but advanced declines 15 to 26.

Just my thoughts. You can't have advanced declines so bad. That's all. just letting you know, if anything changes, we'll let you know. Leadership, mixed bag of oils, coal, uranium, a smattering of other stuff. What we mean by a smattering of other stuff? Okay, you take a group like retail and say, well, Abercrombian Fitch, Axwell, one name, Costco, Axwell, two names. And then you go through the rest of them and say, oh, bear markets.

So a couple of names. A smattering. The ones we get asked about most, the big mega caps, Oracle acted bad on earnings. Netflix, way below the 50 days. Salesforce.com below the 50 day. Apple bounced 290 because a couple analysts came out and said, everything's just fine. Adobe, just a bad reaction to earnings.

Tesla was down nine today. and video below the 50 day moving average though it opened up like down 15 and finished flat on the day Microsoft back below the 50 day Facebook just about Amazon still acts okay Google acts well those are your big names since you're asking oils uranium and coal I doubt will lead us to the promised land on the NYSC there were a lot more new lows than new highs also. That has to change. There are specific characteristics of bullish and bearish phases. One of the characteristics of a bearish phase is a lot more new yearly lows than new yearly highs and advanced declines crummy on a daily basis versus the indices. As a few big

select names hold things better than they actually are. And then we can Jay Powell on Wednesday. Yay. And by the way, I can't begin to tell you how nauseating is when I keep hearing from them and people that watch them how they're moving the economy. Like, we don't matter. Yeah, screw us. It's one man in his whims.

Sure. Boy, the dude's lucky I'm not president. What can I tell you? So that's really the story of the day industry, didn't move much and I can micromanage a little bit. They bounced some of the semis that got trash last week and others did not bounce. But what

sticks out again, sticks out sticks out. Oil prices higher again. Retail a horror show. Transports not acting well at all. Very little in the way of leadership. Could it change tomorrow? Sure enough.

We'd be thrilled for that to happen. Everything we do is based on the evidence the market gives. He wants some more evidence. Lulu Lemon. A couple of weeks ago, big breakout on huge volume on 22% increase in earnings, 18% in sales. Perfect. Failed. Hit 406. It's already 382. Get the evidence the market decides to give. And don't force the issue. There is just another example. And as we do our scans every night, and we mean it when we say we'll scan 1,500 stocks, 200 sectors, every country, every commodity. Just not a lot. We have these legal

pants. And we're able to list leadership, not leadership, strength, not strength. Breaking out, breaking down. Gapping up, gapping down. Last week, I was able to cross off about 30 names that were on this list, meaning they were actually had good relative strength. Don't want to see too much more of that. Because the bigger list is my second page on the legal pan. And that's all the names that have been busting down. So if you're one of those fully invested people in 50 stocks and you're wondering why, things are heading south, there's your answer. Up next, this, that, and the other thing. Whatever else, I'm Gary. This is the one. Only investors edge. 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. 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. 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. 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, 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.

Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. 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. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, Ready? Go.

In The Gester's Edge. With Gary Culpa. So the communist state of California, and this is the stupidest, most moronic, imbecilic, doofist-like, but that's the people who run California. Not the California people. The people that run California. Get this. California sues giant oil companies citing decades of deception, launching one of the most prominent climate lawsuits in the nation. the state claims Exxon, Shell, BP, and others misled the public and seeks creation of a special fund to pay for recovery.

Really? Really. Downplaying the risks posed by fossil fuels. What a bunch of ass clowns running, California. Yeah, you see, LAX, San Francisco International, San Diego Airport. What's in between? San Jose. John Wayne Airport is out there.

also. Do they change the name of John Wayne? I'm not sure. Palm Springs has an airport. None of them fly airplanes. None of them use fossil fuels. The cars down the road. You know, those beautiful traffic jams in California. I've been in a couple. They weren't using gas either. No. Hell no. You see, you had a alternatives. Instead of you flying from San Fran to L.A., you could have taken a bicycle. Instead of you taking any airplane out of L.A.X. Around the world. Oh, you couldn't take a boat because I think boats use fossil fuels. What a bunch of jackasses. I don't even know what to say anymore about the people running California that caused climate change.

Oh, yeah, sure. That's right. Because of them. We're being taken over by Marxist control freaks in certain areas of this country. Certain areas of this country. Fortunately, there's plenty of areas that hasn't happened yet. Illogical control freak boneheads that should not be running lemonade stands. They're suing the oil companies for what?

Helping people live their lives better? more efficiently, more effectively? Or maybe we should get cars that are started up like Fred Flintstones. You know his car where he runs first and then it starts going. Or maybe the airplanes, you do the rubber bands. I don't get them going. Maybe I should have run for president. Yet Gavin Newsom, they're so thrilled with about him becoming president one day.

Yeah, it's the oil company's fault. Yeah, that's the ticket. I'd just have to bring that up because I just saw that. I wouldn't even doing that on the show today. I had some other things in mine. But when something fun gets sent to me in my email, I must cover it. By the way, California is like the eighth. The state is the size of like the eighth or ninth biggest economy in the world.

You may want to Google the words, California governmental departments. I think they have like 700. probably more segueing 91 buck oil Taiwan semiconductor lowering because of demand 10 year yield up to 4.32 though in the biggest scheme of things it's not the end of the world but in comparison to what the market was used to

a president I don't even want to go there and a clear lack of leadership in the market where I cannot come on this show let me tell you what I can tell you today you ready Duolingo, D-U-O-L. Good setup. O-L-E-D, good setup. Celsius still acts okay.

Axwell. Costco, Axwell. Mastercard, Berkshire Hathaway. Blackstone. The oils, the coal, uranium. A smattering of other things. General Electric acts well. flattening out though

notice I don't have a lot of excitement in my voice right now we're hoping that changes markets do not hide both phases they don't hide bare phases worries coming out of today as I said the regional banks

uh oh retail uh oh and the usual airlines are just acting horribly and one plus one equals two on the oil prices. They're starting to get some of the hotels, already got the casinos, restaurants acting poorly. Oh, the transports bit. You get where I'm going.

But the indices are not far off their highs. And I repeat, market loves the big liquid mega caps that make the indices much better than the underline. And that's what we're going to be watching closely. as we head into October. Hopefully it gets better. If it does, we will report it. That all said, have a great evening drive carefully.

When you get home, do like I do, it's quite simple. Make sure you hug your family. Make sure you hug your children. They'll feel better. You'll feel better. I promise. Have a great one, everybody. Thanks for joining us.

Always an honor that you'd listen to us. Peace out all. Bye, bye. This has been Investors Edge with Gary Cultbaum on BizTalk. listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK dot com. This message is brought to you by the Capital One VentureX card. VentureX 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 lounge 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.