Investor's Edge with Gary Kaltbaum - OIL AND YIELDS PART 2 [04.02.2024]

Episode Date: April 2, 2024

https://garykaltbaum.com/

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Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum, your host day. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. April 2nd, Tuesday, 2004.

Hope you having a good day. Got a lot of emails from everybody. My father's in the hospital. Doing well, 92 years old, alive and ticking, driving the nurses up a wall up in New Jersey. My brother's there, so taking care of biz. And we here are in Florida right now. We just got back a couple of days ago, and we will leave on a moment's notice if need be. But he's doing pretty good.

Vital's good. he's just a you know he's my dad and thanks for all the emails really appreciate it hey but we have a job to do we have for some business to run and we're going to go through a few things and we hope you are listening because certain themes are now playing themselves out and you better stay with those themes or put another way you better not be in the wrong themes Remember, I don't care what anybody tells you about the market. I know they're out there in droves and think long term and everything's great and you'll be fine. But they don't tell you Citigroup is down 95% from 2008 and Merrill Lynch and Wachovia and Countrywide Financial and Bear Stearns are out of business.

They don't tell you that Tesla's down now about 60% from a couple years ago or the ARC funds down 65%. from three years ago. Yeah, just think long term while your mutual funds down 65%. We believe in thinking long term as long as what you have is working long term. What a concept, huh? If it stops working, if it's getting you in trouble, maybe do something different. What a concept when it comes to you and not how much money you made, but how much money you have saved for you to invest.

And I'm not going to take the time today to go over the three to 400 stocks that topped out in 2021 that are still down 50% from the highs that they don't tell you about. Catching my drift? You feel in me? Hope you understand where I'm coming from. And let me repeat again, God bless you. If you bought Monster Beverage ages ago, I don't know if you know this, but Monster Beverage, I'm not sure the period of time, but it's the number one stock with returns. Monster Beverage. Not kidding. Not kidding. You never know.

But of course, then you have the Pelotons. You know how hot that stock was, right? The Pelotons. And you remember what they told you during COVID? Oh, don't worry. Even if COVID goes. goes away, people love their pelotons. Obviously not. So keep that in mind as we do our thing here, whatever we do here. So first off, if you do not 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 put our name in and follow us. You may email us. You may email us, All you got to do is be nice. Also, we will post on all the podcast or most of the podcast apps so you can listen to this show.

And in case you do not know, this is serious talk on everything that affects you. And as we've said to you numerous times, we used to just do the markets. And then the compassionate conservative George Bush started spending insanely and deficit spending. and then Barack Obama comes in and six or seven trillion later and one of the biggest lies this country has ever been told. Obamacare. Don't worry. Your premiums are going to go down. Huh. Really? So you're telling me you're going to put millions of people on insurance, getting rid of preexisting conditions, which costs the medical companies more, but our premiums are going to go down. Really? And no journalist asked Barack Obama now about a guy named Jonathan Gruber, who was one of his architects of Obamacare.

You can go on, go and Google him telling you that Obama and the Obama administration lied to each and every one of you, and were able to lie to each and every one of you because we're stupid about all of Obamacare. Thus, if you see your premiums quadrupled since that day, you know what happened. Jonathan Gruber, go look it up and never asked about it. So Obama and then Trump, you know, Donald Trump, the art of the deal. The man, the myth, the legend. I'm going to lower the deficits. In fact, I'm getting rid of all debt.

It's so easy. I'm one of the greatest businessman of all time, the order of the deal, and watch what I do. And he walked in and increased spending $800 billion a year immediately. So he was a bunch of trillions. And by the way, we're not including COVID. And then the moderate, Joe Biden, you know, he's been advertising and marketing himself. Oh, I'm a moderate. Yes, I'm Joe Biden.

I'm a moderate. Yes, I'm a moderate. Yeah, I'm a moderate. I'm a moderate, moderate. He's a Marxist. He's a control freak, Marxist-slash socialist. He is a gargantuan, debt-laden buzzard that knows he's going to be gone when it blows up or retired with the rest of these people that are retiring. So because of all this, we had to kind of tinker with the show.

The markets, the economy, and them because they don't stop. They don't stop interfering. This inflation we've had and is still around, that is because of them. They refuse to let free markets alone. Part of the governments are central bank. God decided to print a $9 trillion which created all the inflation. We told you about it. And then this guy.

And as we've said to you, we suffer no fools. We can't stand either of these two candidates. Donald Trump was called one of the greatest liars of all time. and the Washington Post would do pages and pages and list all his lies. But as I have said to you, Joe Biden has taken the championship belt away from Donald Trump. And that is one hell of a high bar to get over. But they don't mention his lies. And they cover up, they don't even mention his name when they talk about the border.

They can't blame him for anything. The fix is in. And it's your job to read it. And for all of you that love him, he's putting your arses into debt going forward and your kids and everybody else. And when it blows up, he'll just be the supersized guy when it comes to the debt and the deficits and all that fun stuff and more distortions to come. Just so you know, we're not making this up. It looks like every hundred days our debt's going to go up a trillion bucks. Just so you know, we're going to be in the two and a half, three trillion a year every year.

year going forward. Just so you know, this president said he lowered the deficit, and over the next 10 years, he's going to lower debt by $3 trillion, but they forget to tell you, look in the camera and say, oh, by the way, it's going up $20 trillion, but we'll take $3 trillion off. It will be $17 trillion. The biggest lion's sack of crap in the history of this country is in the White House right now on our treasure. And if you notice, they're coming after you. But they tell you, We're coming after the rich, and we're coming after the wealthy. They don't pay the fair share. And they're tax cheats.

Have you seen that? If you make over 400,000, you're a tax cheat. And we're going to get the IRS on your butts. Have you seen that? But I got news for each and every one of you. You know what else they're doing? They're trying to add on capital gains. Obamacare added 3% to capital gains,

and now they're going to try and do another 3 or 4 to where you're not paying your tax rate on. short-term capital gains or dividends, you're going to be paying 44% and they keep saying, well, don't worry. You all, you know, if you don't make enough, don't worry, we'll take care of you. Really? How are they taken care of you? When your butt gets fired in California because they raised minimum wage to $20,

how are they going to take care of you? Somebody helped me with all that. If they raise corporate taxes and corporate profits go down and there's less hiring, how is that taken care of you? I just want to know. How is that taken care of you? Just remember, it all flushes downhill. You know that. It all comes downhill.

So just be ready, be prepared. What we have told you is become the go-to person at your company if you're working for somebody. or become a great odor of a business. Up next, we'll put a bow tie on it, and then the market's not a good day today. I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.

We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals

to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 888422-5-5-9. That's 888-4-22-5-59. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jake Goodman, host of Beyond the Script,

the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria Motola. who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using biz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Dex loans up to $400,000 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 OnDec.com. attributes your business loan may be issued by on deck or celtic bank on deck does not lend in north dakota all loans and amounts subject to lender approval it's time to switch on the integrator units and get the brain cells working you're listening to hey this promises to be fun investors edge the last bastion of quality programming with gary cult bomb it doesn't get better than this so don't worry they're going to take care of you just because the Biden family took to a 20 plus million dollars from a bunch of countries that Biden was dealing with. Oh, don't worry, they're going to take care of you.

They're not going to take care of themselves. Just because they're a bunch of influence peddling pieces of crap. Oh, don't worry, they're going to take care of you, not themselves. No, no, no. Just because they now admitted he's the big guy in all the texts. Oh, but nothing to see here according to the media. Don't worry, they're going to take care of you. Ladies and gentlemen, they ain't going to do squat for you.

So as I'm going to repeat to you, if you are working for a company, become that go-to person. Work your tail off, know your business back and forth, work a little longer, work a little harder, then the next guy. Don't listen to that Marxist sleazebag, Bernie Sanders, who wants you to only work 32 hours, not 40 hours, but don't worry, get paid the same amount. While the next guy realizes, oh, by the way, what's one of the big characteristics of successful people? They don't count hours.

but a Marxist adult like Bernie Sanders? Yeah, work less. No, really, work less. No, really, work less. Don't worry, everything's going to be fine. You work less. While the next guy works more. And he runs circles around you.

And when it's time to fire somebody, who are they going to fire? The guy that works hard and longer or the guy who wants the same amount of money for less hours? Bernie Sanders is a yachts. He's the anti-capitalist, the anti-American, the anti-be-the-best-you-can-be. Teach your kids to reach for the stars. Be the best you can be. Be great. And we're talking whether you're a janitor, a teacher, an astronaut, a hedge fund manager, a cook, a chef, a waiter, a street sweeper, be the best you can be.

reach for the stars Bernie Sanders and reach for the sidewalk but don't worry we'll take care of you because those sleazy, slimy businesses are making too much money and we're going to extract it from it and we're just going to give it to you oh yeah sure

we just want to remember all this and why is this coming out today because I was listening to some of them today and I must tell you there aren't enough super soakers you know what a super soaker is Those are those great water guns, big gigantic water guns that I got from my kids. And boy, oh boy, they will soak you up but good.

Whenever one of these adults gets in front of the camera and lies to you and BS is you, they should get the super soaker or the Nickelodeon slime. You ever see the Nickelodeon slime? Either or. And we're just tired of all of them. We're just tired of all of them. Today, $6 billion was added to our debt. They spent $6 billion more than they're supposed to today and every day going forward.

And they don't give a crap. They don't give a crap about you. And as I have told you, Joe Biden gets away with the giveaways to buy the votes because you don't see it directly. As I have said to you, if you had to go to your bank account today online and all of a sudden you see a debit for $300. Oh my God, there's a debit for $300. and right next to it says student loans. But you don't have any student loan. So you call up your bank and your bank says, well, that's somebody else's student loan.

Do you think Joe Biden can get away handing out your money? He couldn't. But because they have perfected their craft, the three card Monty of Washington, D.C., because they have perfected it. They've made it so large, so gargantial. when they have made a billion dollars a footnote. They have made $10 billion a footnote. They've made $100 billion a footnote.

They've made a trillion dollars a footnote. A trillion dollar deficit? Eh, that's okay. These people need to be out of power. And whoever wins, if Trump wins, if he does the same crap he did for four years, he needs to be out and we better get somebody in there that knows how to balance a checkbook

and actually gives a crap about you and I and not just flapping the freaking gums and if Trump wins we're going to hold them to it you're going to do something about the border you're going to make it controllable you're going to make it easier for people to come here legally

not easy, but easier, not have to go through years of sweat, toil, money like people I know that are being pissed on right now because of all the illegals coming in. We're going to hold Donald Trump if he wins

to get rid of the sunset of the tax cuts, meaning they stay. I don't know if you know it, but part of the deal was, eventually those tax cuts he did goes by the wayside. We're going to hold Donald Trump if he wins the presidency to balance the freaking budget and make every dime accountable. And we're going to hold them to account to stop the BS.

It's okay to tell us the truth, even if it's bad. We're going to hold him to that if he wins. And I got to tell you, it's so depressing that these are our choices. There's 350 million people in this country. is there about 200 million adults? And it comes to these two. Two of the biggest line creeps on earth. And the Trump people email you, but he had good policy.

Well, we're going to hold him to it if he wins. And we will hope that if he wins, he does the right thing and shuts up and stops the stupid. Is that asking for too much? I don't think it is. and if Joe Biden wins again I may have to get louder because there's only a select few like me that knows what's coming down the pike

and knows Joe Biden for what he is you think he's got dementia I think he's the smartest guy out there and he is quietly and quickly crushing our future with massive debt and deficits and corruption. And I'd say it to his face.

And that's how we start today's show. And I wasn't going to, but they had to go on TV today and just BS to live in hell out of us. Which segues us to the market. Let me give out the final numbers, which, by the way, we're off the lows. Dow was down 396,

S&P 38, NASDAQ 156, NASDAQ 100, 171, the transport's 184, the advance declines on New York, three to one negative and almost three to one negative on the NASDAQ. Not pretty. We'll get into the guts of the market up next. On this, 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut,

you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Struggling to see up close, make it visible with Viz.

Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include IE's. irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Cashflow crunch? OnDek's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it.

Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota.

All loans an amount subject to lender approval. We're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb.

It comes highly recommended. You're going to feel better if you talk to him. Okay. Let's talk themes. as you know several weeks ago several weeks ago not by accident we came on the show and said to you

we have had an avoid on the oils for like a year we're just letting you know it looks like they're starting to emerge what we went on to say was just letting you know the refiners are already strong that was mpc VLO PSX others getting better. A lot of them still weak, but they're coming around. And since that time, the big oil,

XLE, is at a new yearly high. The XOP, the services, new yearly high. The OIH, excuse me, that's XOP, is the exploration. The OIH, the services, is the weakest of them all. But it's on. And of course we also told you, hey, unfortunately, wait to you see what happens at the pump. And guess what's going on? That's the easy part. Oil prices have been going topside and had another good day today. That's not good news. But oils are doing their thing.

But what else did we do? The other theme, gold breaking out to all-time highs as the GLD went above that 195 area, it closed today at almost 2.11. The breakout was on March 4th, less than a month. And it also gave you a secondary buy point four days ago at around 204-205. So oils, gold. I would throw in silver now as silver starting to come up to. other themes

copper go look at symbol COPX coming up and there are some copper symbol FCX and SCCO

what are they all have in common the commodities and of course you can also look at the CRB index the commodity research bureau index

of 19 commodities yearly high and why is that a worry because the Nimrods at the Central Bank and government are trying to tell us so inflation is much better. It is? Really? Because government stats say we have gone from nine down to three. Really?

Tell that to your checkbook. Now the market had its way in the first quarter. Great move in the semis and the artificial intelligence. financials have had a good move up just had a good move what have we said recently little worry there are no bears left

our indicators have bears down to 2018 lows short selling is at multi-year lows people betting on the downside where are the bets on the downside and then the other part of the equation. So commodity price is up, which is the cost of things are up,

which eats into your profits, it eats into company's profits. Oil. How many products are made with petroleum? That means that cost goes up. You drive in your car or an Uber driver or any type of driver, anything that uses oil. Cost goes up. Airlines, cruise lines, if not hedged. So something to think about, but okay, cool. We're okay, right? But then we have been telling you, and we'll see if it sticks, 4.354% on the 10-year yield, you don't want to break above that range. Well, we did that today. Now, when you break above a range does not mean it has to stick, especially in yields. I mean, you never know. But now we're going to be watching that closely. Why? Because all you've been hearing about the Fed, the central banks and what they're

going to do next, but I got news for you. What have we been telling you here? It's the free markets that count. Jay Powell doesn't matter. He only mattered when he was printing up to nine trillion bucks and creating all kinds of bubbles and distortions. What you need to know is they don't know what they're doing. They're not in control. They keep saying, oh, we've engineered this. They don't engineer anything. They don't engineer the economy. Who engineers the economy? Us. 150 million people that go to work every day, doing them better for themselves. And they're family, at least trying to. We're the economy. He's a nobody. Wait a minute. He's the head of the central bank. What is he going to do? Lower rates a quarter point. What the hell is that going to do? Not

lower rates a quarter point. What the hell is that going to do? Real rates is what we deal with and what matters most. And they're ticking up a little bit. We're going to watch them closely. It moved above a little range today, but does not mean it asks the stick. If it does, and the 10-year yield starts heading to four and a half and even higher, well, you got oil prices and commodity prices up and the cost of capital going up, well, you may have a corrective market. To what extent we don't know, it corrected some today. Actually, over the last week, it's been correcting. Actually, since March 8th, a lot of the technology has been correcting. That was that big, huge gargantuan reversal day. The semiconductors, that has never been taken

out. In other words, that was the big matzabal, the big reversal. So we'll be watching closely. Just fewer and fewer, less and less working at this juncture. We told you about the software stocks. A lot of them have already broken down. That worsened today also. We told you about the froth and the IPOs and the Donald Trump media thing that are ridiculous prices. That's a little bit of a sign. And again, we'll be watching. We also told you to avoid Apple and Tesla. And Tesla worsened today down eight on. What have we told you? Delivery is not up to snuff. I mean, it's It's very simple. Electric vehicle stocks are really one of the weakest areas of the market because the man dropped.

Government tried to force it down our throats and we didn't want it. So all these companies are no longer producing. Hertz is getting out of the electric vehicle car rentals. The CEO was canned because of it. Well, he was allowed to resign. And Marxist in chief, Joe Biden still wants to force it down our throat. Imagine Americans, free Americans told what they must do and drive? They're insane.

Our forefathers would be kicking them in the grapefruits. Jefferson warned us over two centuries ago about these control freaks, thinking they're a lot smarter than us. That's where we the people. That's where those three words come in. We got to start taking over again, kids. We got to start making demands again. And all we ask for is accountability, balance budgets,

and leave us the hell alone and let us do our thing. Oh, and by the way, how about protecting the citizenry, you idiots, in a bunch of cities with people violently attacking others and being let out with no bail, you idiots? So we'll keep covering all these things with the markets and giving you the themes. But right now, best themes are gold. You can throw in a little bit of silver, copper oil. You're getting pullbacks in a lot of other areas.

And we're going to watch how they pull back. And if things worsen, we'll let you know right now, it's just a little bit of corrective. Kind of sort of no biggie. The S&P just is pulled back to moving average again. Where it's held, it will need to hold. and I want to say two words that I don't think I ever want to say again is small caps because they started trying to get going again and they break out and they tuck their head in like frightened turtle again. I'm tired even mentioning two words small caps.

They underperformed today. We'll see if tomorrow's better. And that's that. Disney's acting better, by the way. They got an activist in there and they're actually getting a little bit smarter than they used to be. We'll see how that goes. And tomorrow's another day. Just a rough day today.

We don't want to go further than that. Just a rough day today. It's one day. Tomorrow will be another day. It's a slow earnings week, so really not much to talk about there. But I will tell you this. There is not a day that goes by. where somebody isn't mentioning artificial intelligence.

Hey, come to our burger joint. We're going to make it with artificial intelligence. See those fries? Artificial intelligence. It's getting stupid out there, ladies and gentlemen. When it comes to AI, it really does remind me of 1999. It really does. I hate saying that.

Up next. This, that, and the other thing, or whatever else. I'm Gary. This is the one. 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 cake 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. Here the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts.

Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat with flexible draws, transparent pricing, and control over repayment. Get funded quickly and confidently. Apply today at on deck.com.

Funds could be available as soon as tomorrow. 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 amount 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 Culper. And welcome once again to Investor's Edge. Oh, I do have to mention some of the movers today, if you don't mind, United Health. So as we said, the Dow was down 300. 96 points today. But United Health finished, let's see, down $31.56.56 times 6.78 equals that's 214 Dow points. United Health got whacked. And it has really become a very tough environment to invest in the managed care stocks because in the last year, we have seen, you know, United Health gap up 25 because of decision by government and then gap down 30 today because

a decision by the government. By the way, right at new yearly lows on how much they're going to get paid. That's United Health. Humana is gone from 540 to 304 in the last 10 months and that is at a new yearly low. So very, very tough to play that. Also, I want to make note of interest rates sensitive stocks. So recently, housing and housing-related stocks have been pretty decently strong. They got whacked yesterday and whacked the smithereens today. Interest rates higher. Cause and effect. One plus one equals two. Home Depot, we mentioned yesterday, dropped 15 bucks. It was acting pretty decent. Drop another five today. Broke. Supposed. support and the 50-day moving average. The housing stocks, which have been pretty decent,

well, let's see decent today. M-T-H-5%, Lenar, 3%, let's see what else I got for you. L-G-I-H, 8%. And that's just a bad acting one. How about D.R. Horton, D.H, 4%. And when I say 4%, 5%, it's kind of sort of important four and five percent because love and hate in the patterns we follow sometimes are very close to each other so it's only one day but higher rates will definitively have an impact on housing housing related they came after restoration hardware today housing William Sonoma, housing, floor and decor, housing will be on it. And then what we also notice, there have been a group of software stocks that have been in bad shape just recently broke down. They worsen.

When the weak worsen, the underbelly of the market weak weakens. And it's something we're going to be watching closely. Simple as that. we're going to be on overtime right now when it comes to the market we scanned like madmen today you should see my legal pads filled up with good and bad today

or things that are holding what we tend to do when the market weakens what holds up best what's showing support at certain levels what refuses to go down at important spots and then we're patient and see how it decides to play out. We noticed the software ETF, the IGV broke the 50 day today, but we also noticed kind of sort of finished at the midpointed day,

so maybe getting defended, we'll see, but leave no doubt weakened. We make note of that. We noticed Nvidia today finishes right on the important 21-day moving average that held perfectly in February. After it was down 27, finished only down 9. So that kind of sort of got defended right there, and we'll see how tomorrow goes.

And if these areas of support get taken out, we know. AMD, 50 Day, now below. Stays below, we got nothing to worry about. Ain't going to touch it. Remember, we do not play barrens, markets. For us, bare markets are defined by downtrends under the 50-day moving average. And until they get back above, they are not in consideration because physically, and they tell you this doesn't work, but this is a fact,

physically a stock cannot ascend if below the 50-day moving average. It's the defining force. It is the characteristic that matters most. That's all. It is like if you want to drive from Miami up to New York, you are taking I-95 all the way. It's a pain in the rear end, but you're taking I-95. You are not getting off at I-10 and go towards Tallahassee and then turn back north. That's going to take you a lot longer. Again, a roadmap.

I think it's I-10, right? Yeah. And all we do is follow the roadmap. And as we tell you, under no uncertain terms, we're not going to own bare market stocks or bearish stocks. Stocks under the 50-day can sit around and not being a big bare market, but they cannot ascend. And why own something that cannot ascend? And of course, if things worsen, look out. I remember when solar's topped out a year and a half ago, don't worry, it would be fine.

They dropped like 60, 70%. Yeah, think long term. So back on point, gold, oils, copper, silver starting to get going, other areas under some, what we call pressure, and it's going to take a little bit of time for us to flush out. And as we tell you, it's easiest to isolate strength when the market weakens. And every day what we are going to do here, if it continues to weaken, if it continues to weaken, if it continues to weaken. We'll just keep making up the list. What refuses, what refuses, what refuses, and what even breaks out and halls to the upside while the market's crapping out. Tells you a lot.

And we'll look for those sore thumbs. And they will show up. They don't hide. Greatness doesn't hide, and we are addicted to greatness. Simple as that. Anyway, I was just in a mood today. I was having such a calm day. My father was feeling better, and then I watched these doofuses on TV, just lying out there,

you know what, and that's why we started the show. But you have a great evening. Drive carefully. When you get home, do like we do. Quite simple. Make sure you hug your family. Make sure you hug your children. Thank you all for the well wishes.

And until tomorrow, peace out, be well, stay well, stay in shape. Good night, all. Thanks for joining. Bye, bye. This has been Investors' Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryKK.com. Guys, it's no use putting it off.

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