Investor's Edge with Gary Kaltbaum - OUUUUCH! [03.10.2025]

Episode Date: March 10, 2025

https://garykaltbaum.com/

I earned my degree online at Arizona State University. I chose to get my degree at ASU because I knew that I'd get a quality education. They were recognized for excellence and that I would be prepared for the workforce upon graduating. To be associated with ASU, both as a student and alum, it makes me extremely proud and having experienced the program I know now that I'm set up for success. Learn more at ASUonline.asu.edu. Investor's Edge with Gary Coltbaum. Straight talk about you and your money.

Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colpom, your host. A thanks of being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It is Monday. It is March 10th.

It's 2025. I'm feeling much better. The Tamiflu worked very well. I'd hope you had a good weekend. Did I have a good weekend? You know what I did this weekend? I laid in bed a lot and I hung that with Winston.

My wife left in New York City. She's watching the grandson. There were no football games. Anyway, serious talk on everything that affects you, the markets, the economy, your job, your industry,

Doge, tariffs will be taking on the president today and much more. 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. If you don't follow us on Twitter, which is now X, you should. And if you'd like to email us, just be nice. First off, we had tornadoes here today. And I must tell you,

my home away from home, well, I haven't done it as often lately, but I used to live at W-O-F-L-Fox-35 studios. They got hit with a tornado today. They were live on. air and the tornado was on their roof and knocking things around and in lake mary where i live a bunch of houses were destroyed man oh man where my house is we lost power for only a few minutes and i was looking around for funnel clouds because i know what they look like i didn't see any right near me but boy oh boy a couple uh looks like one good one touchdown i've yet to see the rest Anyway, respect the weather, ladies and gentlemen. Okay, so, in case you don't know, the Dow dropped 890 points today, it was down 1100-something.

The NASDAQ dropped 727 points, the NASDAQ 100, 770 points. It was down over 900 at one time. The S&P dropped 155. The SOX dropped 224. transports 355 advanced declines 9 to 34 New York 7 to 35 on the NASDAQ it was mostly gross the areas we told you where they were getting the money flows most of them were flat till even up today we'll get into that in a minute but the president ladies and gentlemen as we told you we have no bias we don't care whether you're an R whether you're a D whether you're in the Whig Party we care about good policy and if you have a good policy, we're going to tell you about it. If you had bad policy, we're going to tell you about it. Right? And as you know, for four years, we ripped Joe Biden. Big time. Big, big time. Deficits, theft, corruption, sleighs, open borders on purpose, Afghanistan, giveaways, lying, cheating.

and comes Trump? What does he say he's going to do? Well, Kamala Harris said part of her campaign is she was going to raise taxes on anything that moved. Anything that moved, she was going to raise taxes. In fact, I keep the list on my wall of her proposals. She said that they were going to let the Trump tax cuts expire, raise the corporate tax, long-term capital gains was going to go up, unrealized capital gains, they floated a wealth tax. the medical tax that Obama put on your investments for Obamacare. She wanted to raise those also. What did Trump say?

He's going to lower taxes. He was going to lower corporate taxes. He may even try to lower the income tax. He's going to lower taxes for waiters and firemen. And he says he wants to get rid of taxes for Social Security. A whole laundry list. Which tells us he believes that lower taxes is good for you. And good for me, right?

And good for your business, right? That's what his campaign is. But he says, he says he wants hundreds of billions of dollars in tariffs. What? What? How can that be? He wants lower taxes. A tariff is a tax.

Let me give you the definition of a tariff. And if you don't believe me, look it up. A tariff is a tax. on something we buy from another country. If it is a usually bought by a business, small, medium or large, if they buy something for $10 and it's a 25% tax, they are paying $2.50 to the Treasury on top of the $10, and they get to decide whether they're going to put it on to the consumer or not.

And of course, if they put it on to consumer, you're paying $2.50 more for something then. You would have. But wait a minute. That's a higher tax. So how is it possible? A man who says lower taxes is great for the economy wants hundreds of billions of dollars of higher taxes. Well, there's the problem.

If I had the president's ear, which I don't, and even if I had his ear, he probably wouldn't listen. I would tell him, you're making a huge mistake. and on top of it, you keep changing the goalposts on dates, on size, on who, and on what? There is no way, shape, or form that anybody can plan. Small, medium, and large. And large businesses can do a better job of it. But what about small businesses? They're screwed.

So I don't understand. It makes zero sense. any of you listening that has a channel into the president tell them what Gary says without any agenda, ulterior motive or bias he just wants good policies and it's a terrible policy it sucks

it makes no sense it flies in the face of everything you say and he says this weekend the tariff is the greatest thing we have going he said that he said that You know what else he said this weekend? Which I'm stunned.

He was asked whether he thought we're going into recession. He didn't say no. He said there may be a period of adjustment based on the things we are doing. Really, we're doing some things that are going to put us into recession? A debt-laden economy, you're going to put us into recession and you're okay with it? But don't worry, we're thinking long term, not sure. What? It makes no sense.

I don't know what the man is thinking. He also said, don't worry about the stock market. You shouldn't pay, don't worry, the stock market, the stock market. Really? So if your 500,000 is down to 375 because misbegotten policy, is that a word misbegotten? I think it is. And I don't even know if that made sense in the sentence. don't worry you lost $125,000, everything will be okay.

No, no. Now, I have something else to tell you. You see, I don't believe the market's just sinking on tariffs. You don't have big banks and small banks and companies that do mergers and acquisitions. The stocks just crumble. because of tariffs or proposed tariffs or promised tariffs. You don't have the technology arena.

For lack of a better word, by the way, crumble. I'm not going to say crash. You don't have the big name stocks all almost in bare markets. That's 20%. With Tesla down 54% from the highs because of tariffs. you don't have the software ETF go from 111 to 88

that's a bare market right 11 and 12 yeah that's a bare market you don't have the transports go from 17845 to 15260 that's about 16% right the NASDAQ is down 13 to half percent but the problem with that is the

average stock in the NASDAQ's got to be down 25. We may be in decline right now already in the economy. We may be already in decline. Why would I say that? That's up next on this. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. 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 888-4-22-5-59. That's 8-8-8-4-2-5-9.

That's 888-4-22-5-5-9. Investment Advisory Services offered through call-bomb capital management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day. 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. 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 Sprinker 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. 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. called bomb it doesn't get better than this welcome once again to investors edge you see we have studied bull and bare markets intensively and typically before what have we told you about recessions which by definition is two quarters of GDP going down but i say it's a downtrend in the economy What have we told you? We have told you that in the past, the reason why we said there's no recession is because of the market.

And we said to you many times, the market will telegraph it by getting smoked beforehand and then go into a bare market and then all the bad news will come out. well number one we got the market doing some up and yuck and if anything's economically sensitive it is semiconductors because they're in

everything and then there's the economically sensitive stuff and guess what they've been doing to both but then there's the other part what has relative strength oh Colgate

Hershey's General Mills Tobacco stocks drug stocks phone companies AT&T Verizon T-Mobile AutoZone

By the way that's defensive Auto parts You know why Because you tend to not go and buy cars But fix up the car you have It's a defensive issue What else gets hit the airlines and the cruise lines to a certain extent during recessions.

And of course, technology gets mowed over because they're the most over-owned and over-love. So everything that supposed to happen in the market is happening. Oh, and the 10-year yield is plunging. And oil prices are dropping. Everything. We'll be watching. Now, shorter term, markets are stretched, extended, and oversold to the downside, but I could have told you that on Friday, and I can tell you that on Thursday.

And they tried to reverse the market a couple of times last week and failed, and we walked in this weekend. We didn't know what would happen, and they crushed the market again. And may I state for the record, some of the moves have just been stunning. Costco down 30 today, meta down 27, Netflix down 24, SAP, that's been strong, down 15, booking holdings 222 Microsoft 13 new yearly low Adobe 14 Broadcom do I need to go further as I look to my left crowd strike down 24 Carvada 16 HubSpot 53 into it 29 Service now 66 Equinix 28 Jesus wow I shouldn't say Jesus right

And I can go on and on. We're not into phrases, but this is a bearish phase. It's a bare market. I don't need 20%. It's a downtrend. And everything growth, everything tech, the artificial intelligence trade is in a bare market. We warned you about it. We warned you upfront about it that these spending numbers are BS.

There is no way there's somebody spending $500 billion on art. There's no return on investment there. That's BS. And the market knows it. All the talk, crazy talk, to the point when we finally got Microsoft, well, we're not going to do as much. Oh, we're not going to do as much.

Oh, we're not. And the market knows it. So they've killed those energy stocks that was supposed to energize the data centers. They're killing the data center stocks of the data centers that's supposedly going to be built. They're killing the construction stocks of the data centers. They're killing the chip stocks.

They're killing NVIDIA. That is supposed to be working. Hope you've been listening. The one surprising thing again, they're murdering the banks. By the way, when I say murdering, Goldman Sachs just went from 672 to 531 in less than two weeks. That's 140 points on 672. That's more than 20%.

That's a bare market. It was down 28 today. They're just swallowing stocks. KLA 10 Corps down 32 today. And then the big ones. And then the big ones. What do we warn you about on the big ones? What do we warn?

The S&P nine stocks with 34% of the S&P 500. Nine stocks are 34%. 491 stocks are 66%. it's the most concentrated ever and what if they get those nine stocks and speaking of those nine stocks 10 stocks of 53% of NASDAQ out 100 because you include Costco in there

and Costco's getting killed and what's happened let's see of those stocks let's see broadcom's in there it's gone from 250 to 184 that's a bare market Apple which by the way they got to today 260 to 227

that's 33 on 260 it's only about 13 to 14% on Apple. That's always going to hold up better. NVIDIA, 153 to 106, that's 47. That's 30% on Nvidia from the high. Microsoft, only about 18, 19%, but by the way, that's New Yearly low. Amazon, 242 to 194, that's 48 on 242. That's about 20%.

Google, 207 to 166. 65, that's 3542. That's a bare market. A meta, 741 to 598 in two weeks. What is that? 104. That's about 19%. Tesla, top 10. 488 to 222. Oh, that's like 54%. And they crammed it for 41 bucks today on double average volume. That is not Aunt Mary and Uncle Bob selling at your institutions. get me the hell out because nobody's buying their cars. So if all those are in a bare market, and they're 53% of the NASDAQ, 134% of the S&P, what do you think happens to the indices? That's correct.

And of course, the Russell 2000, dead meat. That's gone from 2466 down to almost 2,000 today. 460. That's about 9. Got about 18% down. since November on the Russell. But don't worry, buy small caps. I freely admitted.

I tried it two or three times last year. I stopped out every time. And I threw a beanbag at my computer. The crumbling growth. And all I was hearing today, don't worry. Yeah. Tell that to your banker. Up next, the Doge moment.

I got a good one for you. Pure corruption. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. 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 up. 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. and 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 its feet.

here he's a senator of boy with Gary Colbomb comes highly recommended you're gonna feel better if you talk to him in the Doge moment Senator Sheldon

White House voted for bills that sent 14.2 million in taxpayer money to something called the Ocean Conservancy a non-profit that just happened to pay his wife $2.7 million. Really?

Really? What would I say to Senator White House? You're as scummy as any of them. There should not be any of this. How dare you? Vote on bills that paid your wife, which is you, $2.7 million. That's a doge moment. How about another one?

Joe Biden. You remember him? The worst president we have ever had. Covered up by Appliant Media. Biden allocated $42.5 billion to connect people with high-speed Internet. It is now March of 2025 and not a single person was connected to new broadband networks using these funds. I have a question. Where's the money?

You do realize what happened here. Pure, unadulterated, thievery. any way, shape or form, put me in front of any of these people, Stacey Abrams. I'll call her a thief. I'll call her a thief. I'm not ashamed.

And let her try and sue me because they won't. You know why? Because then this lawsuit gets front and center on the news and, oh boy. And then we'll subpoena her checking account and find out how much money she grabbed from these businesses that she started up out of thin air, for climate. And last but not least, has anybody ever heard of the Climate United Fund?

Oh, yes, they got $7 billion from Joe Biden's climate war chest by 2024. It was never even a company or a nonprofit. It was started to guess what? Guess what it was started for? That is correct. Take your taxpayer dollars. That is a little bit of your doge moment today, ladies. and gentlemen, we will keep on, keep it on, because the crooks have been caught, but nothing's

going to happen to them because it is legal crookery, brought to you by Joe Biden the crook, and I am in hopes that this Department of Justice takes a steel-toe boot and kicks them right in the in the, in the, in the, in the, in the, in the, in the, happy place. Just remember, they don't give a crap about you. I saw Jamie Raskin today, Democrat of Maryland. Don't know him. Never met him. Probably a very nice guy. He said he was blasting Elon Musk and this administration. He used the words impeachment and investigation. I was interested. in one statement he said about himself and his side of the aisle. We are servants of the people.

Bull crap. You think we're your servants. That's how you run $2 trillion deficits. That's how you take spending from $4.4 trillion the rear before COVID to $7 trillion this year. That's how you take hundreds of billions of our tax dollars and give them away to your friends and donors. So I have two words for Jamie Raskin, the same two words I have for all them.

Up yours. You're not our servant. You don't care about us. We're your slush fund. Have a nice day. We segue back. Was I in fire today or what? So notice we took on the president

and we took on the other side. We don't care. Let me, nothing. personal. This is all business. I'm trying to help the president out. I can be a big help. I'm under the radar. Maybe I need to get above the radar. I can stop this bleeding if he listens to me. Just table the freaking tariffs. We're done. None. We're good. We're going to talk to Mexico and Canada if they're tariffing us. We're going to talk with them. That's number one. That'll be number one.

I don't know if that stops the bleed in the market, but it certainly can't hurt. Why? Because they're tax hikes. So on the market. Well, it's a bearish phase of unknown time and price. There's a ton of bare markets in stocks, in sectors. The one of big surprises I said is the big banks and not the regionals, but other financials and mergers and acquisitions. These semiconductor stocks just worsened today.

And we have told you to avoid semiconductor stocks. semiconductor stocks for like a long time and they're probing new yearly lows and it's just a mess and when my screen gets moved around and the best stocks are Abbott Labs ab V Kroger a supermarket AutoZone O'Reilly Automotive IBM McDonald's oh they finally pulled back IBM and McDonald's at the end of the day today while just crushing. I'm not even scanning tonight. I'm going to do my webcast and just go stock after stock after stock, because I know what I'm going to find. And relative strength in Campbell Soup, Colgate, General Mills, Hershey's, Hormel, Kimberly Clark, Monster Beverage, Mondalies,

Pepsico, Coke, Cisco, Johnson & Johnson, Procter & Gamble. That is the the market screaming economic strife while crumbling everything, growth. And I'm looking to my left here, read it down another 26. I just noticed that. Holy crap-a-matic, that was leading. United Rentals down 29 today. M-Core, another economically sensitive, down 19. On and on and on and on and on and on.

I hope you've been listening. been screwed around. We let the market be our guide and took us away, away, away. China pulled back pretty good today. We're going to watch the pullback because we still think it's in gear. Europe pulled back today, extended, and I wonder what the hell is going on there. and just in the Dow today Apple down 12 American Express down 12 Goldman Sachs down 28 and J.P. Morgan down 10. Need I say more? I wish I'd better news.

I'm humbled by the drops and the losses. Oh and by the way all that froth it's coming off. We told you about the nuclear We told you about the quantum. We told you about the Trump stock, amongst some other stuff. They have crumbled them.

80, 90% drops from the vertical froth moves touted to you by people. By the way, I had a client called me up asking about a nuclear thing, and I said it had no sales, really. but I heard, I said they had no sales. Then why did it go up? Because it's speculative froth. Oh, do you think it can happen again? Everybody wants anticipation of it happening again.

I said, I don't know. What I do know is they have no sales. And is that what you want to do with your money? Buy companies with no sales. Oh, no, no, no, no, no. So very rough day, very tough day. And as we always say, I have absolutely no clue what the market's going to do tomorrow. But it's very oversold, stretched and extended.

It can bounce at any time. But I could have said that again Friday and Thursday and Wednesday. Today was an ew day. Ew. Up next. This is that and the other thing. Whatever else, I'm Gary. This is the one only investor's edge.

Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. 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. 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. 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 where 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. You're listening to... What do we wait for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investors Edge. Yeah, I'm seeing video with some homes here in Lake Mary just absolutely destroyed. Man, oh man. Wow. In the news, hey, just want to let you know in Florida was just ranked as the number one state for education and the economy.

Do you know why? Because they're dead serious about it. What a concept. concentrate on the things that matter and as you know here in Florida we don't have any state taxes we don't have those big gas taxes like California and as we said to you this guy Gavin Newsom and whatever they just use the Californians as a slush fund

of crazy and they just fall for it it's amazing to watch it really is I don't get it My son called me up, Dad, I got a bonus. I can't believe what they took out. What they take out? Well, they took out state. They took out local.

It lives in New York City. I said, yeah, you decided to live in New York City. Anyway, hey, in the news, you know, I bet you have not heard that Christians in Syria are being tortured and brutally killed. Oh, that's right. I bet you have not seen any protests that Christians in Syria are being tortured and brutally killed. Oh, that's right. I bet you didn't know that the new guy that took over for the last piece of crap is heading up the torturing and the murder of Christians in Syria. And I bet you don't know because nobody's reporting it. Do you know why? Jews aren't involved. If there's no Jews to blame, no protests. Interesting. Just had to mention that.

300-dollar white civilians have been murdered by Syrian security forces since Thursday. There were no protests at Columbia University on that, by the way. On that note, Columbia University lost $400 million in a grant. I didn't know our government even pays them. Why would even pay these people? And all of a sudden, Colombia is doing something about the blatant, violent, antiseptic, Semitism by the scumbag, racist anti-Semites. They're lucky I'm not a student there.

They're actually doing something about it. They expelled a couple of, oh my goodness gracious. And what happened after they expelled somebody? More protests. And you know, all you really have to do is number one. The rule is you can't wear masks. That's number one. Number two, you get the National Guard.

And you make sure it's called hate speech. And if somebody's being, just so you know, it is legal to block somebody to get where they're going. You're holding them hostage. It's a felony. Now imagine, they're such cowards. They have to do it in mobs. Imagine if you put them in jail and put them in a holding cell. And you put them in a holding cell with a bunch of nasty people and let them crap in their pants.

little bit, maybe they won't do it again. That was in the news today. And I think I'm done because I want to get back to the market because I'm getting a lot of questions. We've been out of the way. The market dictated policy and now we will be patient as all heck to when I don't know, we never have any idea how long something lasts, how far it goes. We always have a thought process on a short-term basis, but that's the trees. The long-term, the big picture is just about everything is turned down except defensive areas, and they are crumbling. And this has me really questioning things. They're crumbling growth. And O'Neill, Bill O'Neill, always, one of the big things he taught, watch the growth leaders. It'll tell you everything about the market. They are discombobulating

the growth leaders. It's the best way I can put it. They are discombobulating the growth leaders. By the way, I think 193, I think the NASDAX is down 10% now for the year. Yeah, that's about right. close enough. If things change, we'll let you know. We'll continue to say, if you have to be fully invested, the money flowed today, auto parts retail, drug stocks, phone stuff, the T-Mobile, Verizon, whatever. Even things that were, they got a few things that were holding up best. IBM and McDonald's and the Dow, as I mentioned.

Got some biotechs working, some other medicals, consumer staples, food, drug, beverage, tobacco house-old products, but I don't know if they're going to last. They don't have the growth. They don't have the earnings power. Defense stocks. We thought Thursday they started to come out of their bare market, and so far they have not proven me wrong. Certainly not in a bull market, but they're doing better.

That's the Lockheeds of the world. Oil's not in a bull market, but they're holding up for whatever reason. In fact, they're in a bare market. And then, again, the growth. Holy crap. I use the word crumble. I think that's being really kind. And then the financials.

The financials. You now have the semiconductors at New Yearly lows and the big financials imploding. And especially the mergers in acquisition companies. It feels like it's more than the tariff thing. I guess we'll find out soon enough. If anything changes, we'll let you know. If it worsens, we'll let you know.

We'll keep you informed. Just be smart. The market doesn't care about any of us. You'll have a great evening drive carefully when you get home. Do like I do. It's simple. Make sure you hug your family. Make sure you hug your children.

They will feel better. You will feel better. And if any of you know the president, tell them to call me. Peace out, everybody. Stay well. Serenity now. Good night. 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 GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed

for a perfect fit that stays put all day. There's zero chafed thanks to four-time more stretched 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.