Investor's Edge with Gary Kaltbaum - Oil time? [01.08.2026]

Episode Date: January 8, 2026

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our food. store. We can't wait to meet you. Store hours vary by location. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. Hey, welcome once again to Investors Edge. I'm Gary Coltbaum, your host. Thanks for being

with us today. Glad you here, ladies and gentlemen, happy that you are listening. I believe it's the eighth. It's Thursday. It's 2026. And I wrote out a check today. that said 2026. Usually it takes me two weeks. Got that going for me. And in case you don't know, this is serious talk on everything that affects you. We will do the markets. We'll do the economy. We'll do jobs. Your job. Your industry. We'll do taxes and deficit spending and scams and shams, corruptions, and a crap load of lies emanating from D.C. right now. We'll do changes in the market because we have a couple of things we want to tell you today. One of them, I don't think we've said it in ages and whatever else comes to mind, ladies and

gentlemen. Tonight we fly up to New York. Hopefully Delta is on their game. By the way, I love Delta Airlines. I think they're the best domestic airline now, I think easily. JetBlue I used to like better, but they're. get you there safe, but they need some work these days.

Anyway, and no, I won't fly spirit anymore. Flown it twice, and I'm telling you, they need some work. All right. If you don't get this radio show in your city, we'll post it at garyk.com. We'll also post on our X feed. And if you don't follow us,

then X, you should. If you like to email us, just be nice. By the way, we'll also post it on the Biz TV. a YouTube channel and other podcast apps. Let me get a few things out of the way. Because, you know, we do a show on you and everything that affects you, and it's mostly markets, the economy and stuff. But we are broad-based.

We have to be broad-based. And because we're broad-based, we get a lot of emails on certain things. And I got a lot of emails on the tragedy that happened in Minnesota last night. And I get asked, why would that affect? you and it really does matter. You don't think it matters? If there's major disturbances and protests and, well, let me tell you how I think so you have an understanding. First off, it's a tragedy.

Anyway, shape, or form. So about two months ago, I was driving down this road where I live and it's pretty much one of the top speed traps in all of Central Florida. And I know that. And the road is 35 and it turns into 25 miles per hour. And a police officer stop me. Do you know what the first thing I do when I see the police officer behind me and the lights on, knowing that he wants to stop me?

Let me tell you what I do. First off, you stop. There are two things I do. I open my window and then I put my hands on the steering wheel for the police officer to see so he knows I am not a risk. Those are the two things I do. Why do I do that? Because I know that every time that police officer stops somebody, he is at risk of stopping a baby. of stopping a bad guy.

I've never understood people putting themselves in harm's way, potential harm's way, by doing what this woman did yesterday. Let her rest in peace. She did not respect authority. This does not happen. This tragedy does not happen if she respected authority. And ICE is an authority. Take it or leave it.

That's that. There's no gray area. They're an authority. And if they tell you to get your ass out of the way, you're supposed to get your ass out of the way. You're not supposed to be there. You're not supposed to be blocking. You're not supposed to be blocking traffic. You're not supposed to. None of this happens if she just respected authority. That's it. That's it. the second part of the equation. You think this officer wanted to shoot somebody? Hell no.

Hell no. You think he wants to be put in that position? Hell no. Now you can take the video for what it's worth. And of course, a certain side says one thing, a certain side says another thing. But nobody was there at the thing. that time. And I repeat, this doesn't happen if she respected authority. You know what's famous on Instagram now? Just so you know, I go on Instagram for food and travel and others that do these

workouts. But on Instagram, they push things to you. And if you click on one, you get 50 of them. and you know what I did? I clicked on one and you know what it was? Somebody who was stopped, traffic stop, and argued and threatened and didn't do this, that, and the other thing, and they ended up being arrested. And all of a sudden there's a zillion of them. And I'm thinking to myself, all you have to do

is respect authority. And that is your police officers, immigration enforcement, firemen and women, if there's a trouble that way, if the FBI shows up at your door, God forbid that happens. Do you get my point? We can go back and forth a hundred times. but we now have a tragedy that did not have to happen and of course you got a bunch of schmucks on the left calling it murder you think this guy want you think this police officer or immigration officer ice whatever

wanted to be in that position hell no anyway as usual it's going to be left right right left but the bottom line that doesn't happen if she just respected authority. I have taught my sons from day one to respect authority, regardless whether you think they're right or wrong.

And that case, when you're a student, that would be your teachers also. What a concept, huh? Just a little bit of logic. And you know what? This woman's wife blamed herself, I center in there. That's a story. Anyway, just the tragedy.

And notice I'm not taking a sign on ice or not. As you know, I am for a strong border. I am for deporting criminals. As you know, I've said to you, I am not for how they've been doing some of these things. It gives a crap what I think. Anyway, that's number one. Number two, let me read this.

We may run Venezuela for years. That's President Trump. My message to all of you who voted for him because George Bush and Dick Cheney and neocons, warmongers want to take over other countries. How dare they? I am not a neocon. I am not a nation builder. I am not going to go into any...

You've been conned. And if you like what he did when you voted for him for the opposite, hey, what can I tell you? Just letting you know. I'm completely against us running Venezuela. It's a bunch of bull crap. We should not have any of Venezuela's oil. We should be out of there.

and have no say in the matter? The man who won, 70% of the last election should be in their run in the joint. We should not have any say. And let me just finish with this. Write this down. Because on Mr. Logic,

they're going to be repercussions from this if we do this. That's all. Why? Because there are bad actors around the globe. that are going to look at it and said, oh, look what you're doing. Look what you're doing. Wait till you see what we're going to do. Up next, the markets.

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.

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Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Sprecker. 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.

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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 Coltbaum. It doesn't get better than this.

And... Let me finish with this. I watched a bunch of bull crap artists on TV today fall in line behind the president. And frankly, I can't blame them because they've got to keep their place in the pecking order. But they're bull crap artists. Because I know exactly who was for what and was against what. I am rooting for him. I hope it works out.

Donald Trump is a neocon. Donald Trump is an interfere with other countries. I hope it works out. His whole campaign, 75% was a bunch of bull crap. We move on. And don't email me, okay? You know I'm right. Miami is playing Mississippi tonight.

Semi-final. NCAAs. Miami's minus three. Over under 52. Small. Miami and the over. Don't have the greatest to feel. We like Miami and the over.

If you can't afford to lose, don't gamble. Call that number. I'm like Draft Kings or whatever the hell it's called. Anyway, it's big football weekend. Looking forward to it. and I think tomorrow it's who Indiana and who's India

man come on Gary Oregon Indiana looks like a team of destiny this year we'll see still got to win the games and then we have what do we have this weekend

we have NFL games I have not really looked at them yet we'll be doing the show tomorrow but I haven't really looked at them yet. Rams at Carolina, Green Bay, Chicago, Buffalo, Jack. Wow, look at all these games. One, two, three, four, six. Houston at Pittsburgh. Chargers at New England. San Fran at Philly. Buffalo at Jacksonville. Green Bay at Chicago. Huh. I'll have to think about it. We'll be doing the show tomorrow from New York City, ladies and gentlemen. And by the way, you know, I'm not sure what hour.

I'm either on noon or 1 o'clock Fox Business Network tomorrow. Check that out. Okay. I don't know how many months it has been, and we have said to you, avoid most of the oils. Oil stocks. We have said to you from time to time, hey, there's a few oil stocks that are strong, but most are not. Now, this Venezuela thing's going on right now. and you never know what the big outcome is going to be.

And we're told if we're going to have a lot more oil, oil prices have to come down. That's what we're told. Well, well, when you have a chance, go look at the refiners, VLO. I wrote down some symbols. I put him somewhere and I don't know where I put them. H-A-L, S-L-B, NOV, W-F-R-D.

Today will be the first day that we can say to you, we're going to maybe actively do some things in oils. Doesn't mean we're going to. But today is the first day. It feels like something's up, and it could be the Venezuela thing. I don't know. Cause and effect. So just letting you know, we don't know outcome.

It's going to be fluid, but I also think there is a component that it is a commodity. And you know, commodity stocks have done pretty damn well. So we're just starting out letting you know. when you have a chance, look at the ETF, the OIH, at a one-year high, we do want to remind you, it has done nothing. Just so you know, the OIH, back in 01 was at 638th, it's at 315 right now. No, not kidding. But we're dealing with one year.

The XLEs, the big oil, not as strong, the X-O-P, not as strong as the X-L-E. but the refiners, drillers, services, that's the place. That's showing the most strength right now. The news is going to be fluid, and that is an issue.

Who knows what's going to come from it? Don't know. The king is taking over. King Trump. What next? Remember the Seinfeld episode, Risk, on the train with Newman.

I'm going to take over the Ukraine and the guy from Ukraine, you're not taking over Ukraine. Anyway, we really do hope it works out. We're not rooting against him. We're disagreeing with him, if that's okay with you. So we start with oils. Next, just letting you know, today was very much a value day versus growth and an equal weighted day

versus not. What does that mean? Well, equal weighted, if there's 500 stocks in the S&P, each is worth two-tenths of 1%. 500 times 2-tenths equals 100. If I got my abacus correctly. But you have 8.6.

stocks that are over 30% of the S&P. And those eight stocks, six of them act like crap, very much holding things down. So for starters, just letting you know the equal weight had a much better day than the S&P, which was actually down today. The S&P was up 50 cents on a Dow 270. The equal weight, much better. Up next, we'll expound. This is the one and only investor's edge. It's no use putting it off.

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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. 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's 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. 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. So, in that vein, top eight Broadcom down 11 today.

Top 8 Apple down over buck, though, was down over four bucks. Top 8, Microsoft down 5 and change. Top 8, meta was down about 3. Though it was down, I think Meta was down like 11 early today? Yes, it was. Top 8, well, excuse me, number 1, Nvidia, down 4 bucks today and actually a little bit below the 50-day moving average. It'll probably get saved tomorrow.

because I don't think they're going to let NVIDIA break below the 50-day moving average. What do you mean, Gary, let the institutions watch this crap, kids. Why do you think these moving averages work? We'll see what tomorrow breaks. Anyway, those drops hurt the S&P versus the equal weight because the equal weight. We have this one screen that is what we call our stuff screen.

Let me, number one, what have we been telling you about food, beverage, tobacco, house-sowed products, and alcohol? Avoid and brutal, bearish action for months and months and months. They had a great day today. Still what I would call in bare markets, except by the way, monster beverages on that list. But they had a really good day today of the areas of the market. housing and housing related have been acting terribly. They had a great day today. The ETF for housing was up 4% today. There's two of them. 4% and almost 4%. Still in downtrends, but a really good day today. Now, does that have anything to do with the president coming out yesterday

and talking about institutions? I don't know. I don't care. But that was part of the stuff screen. Transports. They ain't doing nothing wrong. They ain't doing nothing wrong. And I noticed today the rails, which have been on the weaker side, and actually had a bad day yesterday, got it right back today.

That's part of that screen. Deer, up 25 bucks today. Earnings only down 60, 22, 24, and 14. and the stock has done nothing for a long while, but it was up 25 bucks today. Caterpillar up 11 in the Dow. After being down 26 yesterday, that's part of it.

The hotels. Hilton, right at the highs. Marriott, right at the highs. Hyatt, right at the highs. That area, retail, very strong. today on a relative basis. Costco was up 32, though it was up 50. They had the December numbers. I still think it's valuations too tricky, and we told you that a year ago. I mentioned the oils now defense stocks. They were jammed up early, and we just told our peeps, don't be buying that

stuff. Lockheed Martin today in the morning, hit five, four. 43, closed at 518. Northrop Grumman, was at 639, closed at 590. I'll explain the second. General Dynamics, was it 368, closed at 351. L3 Harris, 337, closed at 325. What was the story? The president came out on one of his tweets,

I'd like to spend $1.5 trillion on defense instead of a trillion, which reversed the bad action in the defense stocks yesterday. But there was no way I was buying this. And here's why. There's no way. 1.5 trillion is getting passed. No way. Imposibly. First off, there's every chance that the Marxist party is going to win the house. I ain't going to let that through But let me tell you my thought Insane Ladies and gentlemen In the year 2000

Our whole federal spending was 1.8 trillion You need to tell me we need to spend 1.5 trillion on defense In the year 2000 I think we spent 300 billion And did a damn good job We need to spend 1.5 trillion

That's bull crap and as you know, there's nobody louder on defending the country than I. But stop. Go look at all the other countries and what they spend. And he's asking for $1.5 trillion. A, we don't have the box.

B ain't happening. I think a trillion's enough. And by the way, I believe the Pentagon has failed how many audits and we're just going to give them more. Anyway, they sold off today. Auto dealers were up today.

GM and Ford up today. Insurance, nice. The economically sensitive names, not all. Good day today. Restaurants. What area being telling you to avoid for a while? We're up today. I think there's one stock that's strong.

Dine brands, which is IHOP and Applebee's. After my prom at North Miami Beach Senior High, guess where we went? I hop. I loved IHop. Haven't been there in a long while now. That's where we went. Went to IHop in North Miami Beach. That's a strong restaurant stock.

I'm not touching it. Do you know why? Earnings down 38. Earnings down 23. Earnings down 32. and earnings down 49, so why is it up at new yearly highs? I have no clue. Or maybe, due to the fact the stock was at 99 bucks three years ago when it's 36 today,

and it's just trying to get back some of that. I didn't realize that Dine Brands was $99 bucks in 21. By the way, Dine Brand stock in the year 2004 is right where it's trading now. Geez, boy, there's a lot of companies, no gains over 20 years. While I'm mad at it, where's Cracker Barrel? Cracker Barrel in 04 was 33, it's now 30. They should have me run Cracker Barrel. I can fix that up.

Big time. They lost their way. And by the way, insiders are selling down at the lows. Beats the hell out of me, why? That's weird. So restaurants, financials, decent day, not all. You had some bounces. Blackstone was up a couple today after getting hit off of the talk about the real estate.

Black Rock was up 12 today, but needs work. And by the way, it's a $1,000 name. A Goldman down six, but J.P. Morgan up three. So a little mixed bag there. Just a weird moving day today, but much. much, much value-oriented with a lot of news-driven stuff. The president's been all over defense stocks

on the negative side and then on the potentially positive side. He was against the institutions buying houses. I don't think that's ever going to pass. And by the way, we're finding that the number of houses these institutions own

is infinitesimal compared to their businesses. So you're find out little things after the fact and I'm also thinking if you stop institutions from buying homes aren't you stopping demand for homes just some things that went through my mind because I'm pretty sure I know economics 101 I'm pretty sure I know economics 101 not a genius but I'm I'm pretty sure I know economics 101.

You stop demand. Hmm. Hey, up next, this, that, and the other thing. Oh yeah, California. This is the one only investors edge. 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 shape 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. 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 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 Spreaker. 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?

Well, what are you waiting for? One, two, ready, go. Action! Ingestors Edge. With Gary Kulp. So, let's compare and contrast. I am in the beautiful state of Florida. And the governor, Ronda Santis,

is trying to put on a ballot for I believe this year, no real estate taxes. I don't think it's going to pass. But think about this, no real estate taxes. I used to pay, because I'm in the midst of moving, I'm renting right now, I used to pay, what, 13,000 a year in real estate taxes. No real estate taxes. Huh

More money in a homeowner's pocket. Now there's an issue with Florida because the real estate taxes, there's no state tax, pays for things, schools and upgrades of roads and streets and stuff. I don't think it's going to pass, but at least it's been thought about.

And then you have the beautiful state of California run by morons, run by imbeciles, run by duffices, run by people that are economically illiterate, that don't have the foggiest idea about people, especially the people that produce the most for that state. And what do we mean by that? Well, think about this. I live in California. I make $100,000 a year.

I'm just coming up with a number. My state tax is $3,000 to the state. And then there's somebody who makes $10 million. My state tax is going to be $150,000, $130,000. So one person pays two or three grand, the other one pays 150,000, but they both use the same amount of state whatever. So why would somebody pay more than the next? You get my point? But taxes are progressive, the more you make, the more you pay.

Okay, dokey, understood. So it's not bad enough that I believe California has the highest state. tax out there. By far. And it's bad enough that the morons, duffices, and imbeciles in California have seen others try

wealth taxes and all failed. Norway tried one and anybody was supposed to pay the wealth taxes left Norway and instead of collecting what was they trying to get 150 million extra bucks, they lost 500 million. But don't let that stop

the morons doofuses and of California. They're trying to put in a 5% wealth tax, but only for those bad billionaires, you know, the ones that pay the most taxes in the state, the ones you need to help out the state that's still running massive deficits, even though there's like a 13% state tax, while here in Florida we're running a surplus with no tax. So they want to do a 5% wealth tax on a billionaire. What is our line? What's our model we told you?

Well, you start with the two most important words. If able, if able, people, money, business, and capital will flow to where they're treated best. If able, people, capital business will get the hell out of a state that disrespects you. So what has already happened? Six billionaires have flown the coup. And they haven't even passed the bill. And it may not even come up. But Larry Page of Google, Peter Thiel, a big mucky muck,

gone. A Silicon Valley investment firm president just came out and said he knows five big billionaire families with hundreds of billions that are raised. to walk out the door. Why? Because if able, people, business, capital, the works, are going to kick you in the nuts and leave and go where they're respected. And guess where they're all going? Florida. A couple of them already in Miami. It's amazing to watch. Dufuses. Dufuses. They have all the evidence that these people, these billionaires, for guys worth, 10 billion, has no interest and given up 5% of that to a state that tried putting together

high-speed rail spent billions and don't have high-speed rail. lost billions trying to help the homeless and they have more homeless than ever. But give us more. Well, guess what? They're going to be gone. And it's not even on the docket yet. Dufuses, imbecils, morons, the mobility of billionaires and millionaires is exactly, and precisely what makes these stupid ideas risky to a state.

These people don't need to be in California. They've taken their businesses elsewhere on top. They've taken employees elsewhere. On top. Florida's very happy already. You all have a great evening. Drive carefully when you get home, do like I do. Quite simple.

Make sure you hug your family and hug your children. They will feel better. You will feel better. I promise. Stay well, be well. until tomorrow peace out i'll be up 35 000 feet tonight good night bye bye

this has been investors edge with gary cult bomb on biz talk to listen to past episodes or to get in contact with gary go to gary k dot com that's gary k dot com guys it's no use putting it off the best time for an underwear refreshes 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 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. 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.