Investor's Edge with Gary Kaltbaum - Powellitis!

Episode Date: October 19, 2023

https://garykaltbaum.com/

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks of being with us today.

Glad you're here, ladies and gentlemen, happy that you are listening. It is Thursday to 19th of October. One day before my father's birthday, 92 years old tomorrow, 92. Wow. And we appreciate your being here. As always, we have a ton to cover. We haven't said this often, but I'm going to say it. Hope you've been listening. You know where we stand on these markets. You know where we stand on everything that's going on. And for lack of a better word, the markets are getting in more trouble. And it's a simplistic thought process. the higher the rates go, the bigger trouble for the markets. And today was another one of those days. But we're also going to hearken back. We have done this several times.

We call it Powlitis. It is the illness we call Jay Powell. Nothing personal. Never met him. Sure he's a nice man. Good husband, good father, don't care. He is the wrong thing. person at the wrong time. He is a quack when it comes to his job and he is destroyed,

distorted, bludgeoned in every way, shape, or form markets, and outcomes. We'll get to that in a minute. But there's another part of Powellitis today, a shorter version of Powellitis. It's called Sidney Powell. You see, I'm bringing her up because those who listen to the show, right now we're saying, man, Gary was right. Because the first time Sidney Powell went on TV and said, the election was stolen by Donald Trump. He was ripped off.

The voting tabulators are crooked. They were invented in Venezuela and there's bad players and this and that. what did I tell you? I said to you on this show, this woman's a liar, this woman's psychotic. I cannot believe anybody would listen to this. And then she was interviewed

and she refused to answer the question, what's your proof? So we knew it even more. And she was interviewed again. And she was asked, what's your proof? and in her southern drawl she said, I know and I will give out the information

when it is deemed ready. She just pleaded guilty. Six counts. Intentional interference. Misdemeanors, though. Six years probation. Fines. A written apology to the state of Georgia.

And that's that. And of course, the same goes for, God, what happened to the man, Rudy Giuliani. Both of them need straight jackets. Both of them should have been in rubber rooms. And unfortunately, I don't know where the president listened to them or not, but the president full of crap also. And he had a great, he had a great, great way of going about it. he could have yelled and screamed about social media and the media screwing him because they were corrupt as all hell they blacked out hunter buying anything bad i was watching day in and day out

but no he had to go to the election route and the voting and the tabulating and it was all BS but good for trump he raised 200 million bucks for a defense of this and he never spent a dime on that defense because Donald Trump knows he lost the election also the vote Now, if you want corruption, media and social media. But that's a different story. Anyway, Cindy Powell, we were right. She's a sicko. And I can't believe how stupid somebody could be. Worldwide TV and just make crap up.

Then again, maybe we're talking about all the politicians too. So, first off. the market wrap Dow down 250 S&P 36 NASDAQ 128 NASDAQ 100, 126 transports 147

another crappy advanced decline day 800 up 3175 down on New York 900 up 3100 down on the NASDAQ New yearly highs hardly any new yearly lows 875 on the New York and NASDAQ more deterioration today

but what was interesting Jay Powell was at this club and he did a speech blah blah blah this that and the other thing and what have we told you what have we said to you it's quite simple every time we're on TV what have we been saying forget him he doesn't matter anymore just watch the 10 year yield and there's a simple problem going on everybody thinks it's moving on inflation, we're telling you it's moving on the debt. Because as debt rises, the lenders to that debt want higher rates to account for all that debt.

And I can tell you, interest rates where they are right now are where they were in 2008. When we had like $8 trillion of debt, we now have $33 trillion, $2 trillion, $2 trillion. deficit, we're rolling to 50 trillion, nobody to save the day. And I'm just asking you and on TV and telling you, what number is correct for 50 trillion of debt? I don't know. What we do know is the market knows and hit 4.98 on the 10 year today. 4.988, just under 5%. even with Jay Powell speaking today. And I won't get into what he said because he don't matter. He only met, by the way, the 10-year yield in March of 2020 was 0.398.

So the markets got smoked again today. And may I say it was a crazy day because initially on Jay Powell's words and, oh, he said something. The market today was just all over the map. You know the NASDAQ, once he started Yapin, went from 13257 to 13404, 150 point rally. And then it dropped the 13232, 180 point drop. And then it went up to 13382, back up 150 points before it sank like a stone into the close. Why? Because the 10-year yield rallied up.

And here is the problem. you know when I use the term boxed in like mixed nuts it means any which way you move doesn't matter you're screwed well what's all the talk oh Jay Powell is it going to raise rates or is he not going to raise rates what is it going to do how is he going to do it oh whoa whoa whoa whoa what is

eating for dinner for tonight huh huh huh what movies are you going to watch here's the problem the market as we stated just watch you They're now free. They were suppressed by this man. They're now free. They're now accounting for the massive debt and deficits.

So he can talk blue in the face does not matter. If he's not printing money, just remember he printed up to $9 trillion to take interest rates down. That's what's distorted everything. And we'll get to that in a minute when we do our story of Powlitis. The market shoot the middle finger back. and it's a big one and all I can tell you is we're on the verge of getting through 5% and I'm not saying we're going to but if we do well you see what the market again did today and it wasn't pretty that's all I can tell you and very simply in case you did not know as yields go up cost the capital goes up for everything through the food chain simple as that mortgage rates hit 8% from 3% And by the way, that is the latest nightmare brought to you by Jay Powell.

He did it. He took rates to zero. People getting mortgage under 3%. It was a fake mirage, fake. It was rigged. It wasn't a real market. It was one man printing trillions of dollars out of thin air, not even in circulation. And now we can't do that anymore.

So the market's doing its thing. and now it's 8%. And what's the distortion? Who the hell wants to sell a house with a 2 and 3 quarters percent mortgage and trade it in for 8? So inventories are ridiculously low. Hardly anybody wants to sell. Up next, we'll wind it back. 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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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 Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, in 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. Sprinker, 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 Coltbaum. It doesn't get better than this. Welcome once again to Investor's Edge. Okay. So listen carefully. Jay Powell's the head of the Central Bank. What his job to do is set federal funds rates.

That's all his job is to do. Nothing else. He doesn't have to do anything else. He can play Space Evaders, Galaga, Miss Pac-Man, Centipede, paper football. during the two-day meetings. He can sit there and eat the fire whatever subs. He can do whatever hell he wants to do. But his only job is just to move Fed Funds rates around.

But he decided to be God. Look at me. I'm God. So here's what he did. Christmas, 2018. It's Christmas Eve. The market's getting trashed in the prior two weeks. But the economy's in shape.

Jay Powell is supposed to move Fed funds rates or make decisions based on the economy, not the stock market. What does he do, Christmas Eve? He sends out one of his people to state, you know, we've been telling you we're going to keep raising rates. We can stop. The market stopped going down and rallied. Look at me. Here I come to save the day. Jay Powell is on the way.

Hey, wow, it worked. So, markets rallied. But something happened. They stopped rallying. What does Jay Powell do? Even though the economy's strong, he sends his man out there to state. Possibly we can lower rates.

And they lowered rates. The market rallied into the words, but once rates were lowered, the market stopped going up. It started going down. What did Jay Powell do? Had his guy go out again. Lowered rates one more time.

Markets. And then the third go-round, markets stopped going up. And he lowered rates again. But then something happened late summer of 19. The economy was fine. Jay Powell should be doing nothing. Leave the hell alone. He announces he's going to print money.

And he looks into the camera and lies. He says, but don't call it quantitative easing, which is printing of money. That's not what we'll be doing. He was lying. So imagine he starts to print money in October of 19, and I came on this radio show and guess what I told you. Buy the hell out of the market. I don't usually do that very often.

J-Pow's printing money. And of course, October to February, it was easy pickings. And it made me sick. Gary, it makes you sick to make money. Yes, I want the markets to be free. I don't want anybody interfering with funny money. So Jay Powell did that. COVID hit.

What does Jay Powell do? He takes rates down to 0% and starts printing the hell out of the money. He gets up, presses the buttons, up to $9 trillion, unimaginable amounts. And there are some that say, good move. Because, hey, we had to shut down. But then we stopped shutting down. And he kept rates at zero. And he kept printing money.

What did we tell you on this show? Uh-oh. So what ended up happening? What is the outcome of the most easy money in history? Well, you had the meme stocks. You had, you remember the meme stocks, right? Right? The Robin Hoods.

Right? The cryptos. Everybody was coming out with a coin. Dennis Rodman came out with a pot coin. Mark Cuban came out with a coin and went to zero overnight. They came out with 23,000 coins. 99% of them are zero. They came out with crypto.

What else they come out with NFTs? I had some very smart friends spend a lot of money on NFTs, even though me were telling them, don't. They're all zero now. Marijuana stocks. Spacks! What a bunch of bull crap brought to you by the bullcrapers on Wall Street. And all the spacks, I have a whole screen of SPACs. A bunch of them are 20 cents.

A bunch of them are zero. How does all that come out? Easy money. It gets juices flown. It creates stupidity. It creates a 70-year-old woman calling me up, asking me, I don't even know her, should I buy GameStop? When it had already gone from 20 up to God knows. how much. And she was mad when I said to her, well, you know it's up tenfold already.

She was mad that I didn't tell her to buy. So the bubbles. And of course, they burst. And then the distortions in the bond market. What did we tell you about that? Zero percent rates. You couldn't make any money. He screwed Aunt Mary and Uncle Bob with their riskless income investment. Money markets, zero. One year treasury, zero. Ten year treasury, point three. But on the other end, hey, look at those mortgages. I'm a hero. I'm Jay Powell.

Look at those mortgages. And don't worry if you make zero on your investing, on your riskless income investments. Just go buy GameStop. In other words, asinine. Ass 10, ass 11, doomed to be destroyed. Ultimately, we told you, we use the word ultimately so often. Well, the bubbles popped, but then other things start to go awry. What did J-PAL create?

Massive inflation. Wait a minute, Gary, they tell me it was Putin's price hike. Lie. They tell me supply chain. B.S. It was printing to $9 trillion, very simple inflation created by too much money chasing nothing. That's what happened. We warned you up front.

And Jay Powell, the dummy, once it starts hitting, didn't even see it coming. Once it hit, no big deal. Once it got worse, him, Janet Yellen the other night. nightmare called the transitory. You remember all that. While we're sitting here and on TV saying, the dude is so freaking behind, it's not even funny. We compared him to me racing Usain Bolt in a race, how far behind he was.

And then something happened. Well, we're going to raise rates a quarter point, but the market already knew he was a moron, way behind. yields kept going up and he was raising by a quarter point and then yields started to skyrocket and finally he had no

choice so he started raising rates up next what else did he screw up 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 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 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. 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,

and your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. 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, What else did he screw up? Well, he was forced. He was forced to raise rates because the real market that he was no longer controlling

with just unimaginable amounts of printed money kept going higher. Those are real yields. So he started to play catch up and catch up and catch up and catch up and catch up. And then he realized it still wasn't good enough, wasn't working. Inflation too high. Inflation too high. He stopped the money printing before. And finally, he gets to where the market rates are.

finally gets up there oh but he forgot something Silicon Valley Bank First Republic Bank Bank of America Jay Powell guess what they all did they were making no money

on their money because of Jay Powell rigging the markets they went out as far as far can be on the curve and then when the bond market went the other way, lost their asses. I don't know if you know this. Jay Powell himself has lost over a trillion bucks. Oh, wait a minute, I'm sorry, it's not Jay Powell himself.

It's his balance sheet. You know, this balance sheet of nothingness, printed money out of thin air. He's out a trillion bucks. But it doesn't matter because it's just fake money. So we're depending on this buzzard Who's lost a trillion bucks on his own moves Well Bank America's has losses on the books of $100 billion right now Silicon Valley Bank out

First Republic out Others would have gone but guess what Jay Powell put in a backstop And you know what he put a backstop with? Nothing But the market believes it And let it go for now knowing, well, Bank America has 100 billion of losses on the books, but that's just for now.

Remember, they have these long-term bonds, and every day that goes by gets you closer to maturity when you get all your money out, so all those losses go away. Jay Powell was able to buy time for all these people that he forced into this nightmarish move. Bond funds have been destroyed, blasted. especially the leveraged one down 40 and 50% all on Jay Powell which takes you to now the housing market forgot about that you distort yields

you're able to get 3% mortgages why the hell am I going to sell my house for an 8% so nobody's selling and anybody who's selling is selling at elevated prices why are they able to try and sell at elevated prices well when there's inventory prices get forced up but guess what price is only as good as what you can get for it so if nobody's buying even though even though a few people are selling

nothing's moving it does not matter and I can tell you flat out from experience I'm seeing homes on the market for 60 90 hundred and 20 hundred and 50 180 days at ridiculous prices I saw one here in central Florida somebody try to put house up for sale for 2.5 million that was 1.5 million two years ago they ain't getting it so he effed everything up including now because here's the problem now i watch for five minutes today and i don't know how i got through the five minutes without throwing up he seems so calm and cool because yeah the economy looks fine everything's good job market this job market that and it's because of me He thinks it's because of him.

Not the 150 million of us to go to work every day to do better for ourselves and our families. Jay Powell, guiding, controlling the economy. Look how well we've done it. They're taking credit for it. This bozo, this buzzard, this imbecile, this moron is taking credit for the economy. Like he could control a $25 trillion economy and he has zero control. Zero Fungi, not a Zippo

And that's where we are And now yields 4.988% on the 10 year Here's the other part You know what he says? Well, he was asked about debt and deficit says, well, that's not on me. I don't have anything to do with that.

What? Your job is the stability. They tell me stability. You're telling me you're part of the government and they're taking us the $33 trillion of debt, and Biden is $2 trillion this year, but it's not on you? You know, my answer to that is,

you suck. Because he enabled. I don't blame him for the debt and deficits, but he enabled it. Much easy to put on a ton of debt when there's no interest rates. So we now have out of control debt, and may I be clear, it's out of control.

We have out of control deficits, and may I be clear, it's out of control. And my worry, and this is not a guarantee, it's not a prediction. My worry is what yield on the 10-year should there be for $33 trillion of debt going to 50 quickly and $2 trillion yearly deficits where $1 trillion each year now is heading towards interest. Let me backtrack one more time. Our interest rates right now are where they were when we are $8 trillion in debt.

So what number? My answer to that, it better not be a lot higher. Because a debt-laden economy like we have, just not because of you and me, but because of these clowns in D.C. and the central bank, if the 10-year goes to 7%, see ya, that's Powlitis. And he looks so calm today. and they asked them such nice questions. Yes, Mr. Powell.

Yes, this. Yes, that. Yes, this. I had to shut it off in just a few minutes. And then I watched the markets go up 1% down 1%, up 1%, down 1%, but the outcome at the end of the day was the 10-year yield finished at the high.

And as I said, down 250, S&P 36, NASDAQ 128, NASDAQ-120, 126, transports 147, 875 new yearly lows, and a lot more technical deterioration in the market today. That's all. As we go into earnings season, or in the midst of earning season. And in case you don't know, Tesla finished down 23 today on earnings. Netflix finished up 55 bucks on earnings. In case you did not know.

In case you didn't not know, Lamb Research finished down 41 bucks on earnings today. Discovery Financial. That one got whacked today on earnings. And of course, lots more to come. Stay tuned. You know where we stand. And the small and midcaps, wow.

And if they ever get the big 7 to 10. And I don't mean pullbacks. I mean, if they ever get them in bare markets like I think Tesla's in right now, look out. They go to big indices. They've held up like rocks. Still down. But remember what we told you? 40-some-odd percent of the NASDAQ 100, 20-some-odd percent of the S&P 500.

Insane. Shouldn't be that, but the stupid dummies at the indices, you know, they ride the coattails. I almost can't blame them. So just letting you know, nothing good to tell you. about today, finish not great, near the lows of the day, more things breaking down, more things going through the process of bearish phases, and tomorrow's another day. And as we tell you each and every day, it's my can line. I have no clue about tomorrow. I just know today was another bad day. More deterioration. And that's that. As we continue into earning season. Yay. We

wish I had better news. Love to give you great news. But the world is dependent on a quack. And by the way, we say this with no joy. We would love to compliment our leaders, our central bank, the people we're supposedly supposed to depend on. But they are the anti of what they should be. control freaks major high spenders high taxers control freaks and a man who played God

with the biggest market in the world the bond market the bite back is here let's hope it doesn't continue up next news of the day this is the one only investors edge guys it's no use putting it off the best time for an underwear refresh is now

Tommy John underwear is designed for a perfect fit that stays put all 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 Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, 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. 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! In the Gester's Edge. Okay. Serenity now. in the news

President Biden 8 p.m. Oval Office speech tonight on the Middle East Wish him well Hope he says the right things, hope he does the right things Simple as that In the news I have never been one To want people being fired

For idiocy Stupidity You know how a lot of people out there Fire him! I can't believe he said that Fire him! I can't believe he did that! Fire him once. I got real pissed off. When Colin Kaepernick, not when he kneeled,

when he had socks depicting police as pigs. I was pissed off. But I must tell you, I think I've changed my ways a wee bit. A city bank banker was fired because she put on her Instagram. no wonder Hitler wanted rid of them. Another Jew hater. Loving violence, applauding kidnapping, murder, mayhem, destruction. I actually don't give a crap.

I saw a dentist in Florida tearing down. People posted up pictures of the people that are kidnapped. and missing, tore him down. He was fired. Another Jew hater, Representative Talib, another anti-Semitic, Jew-Hater, Israel hater, racist, refuses to take down a tweet about that hospital, even though all evidence in,

she stoked the world with her tweet. And so did Ilhan Omar. You know, the woman who paid her husband's company $3 million from campaign funds because she's so honest. Now, Elon Omar at least rolled it back in a subsequent tweet. Talib, well, she's out there crying. not crying over dead babies, kidnapped babies, dead teenagers,

kidnapped teenagers, murdered families, 1,400 people murdered. She's crying over something that did not happen. Yet, they'll keep voting her in. Don't you love people? I still remember when AOC stopped Amazon

from starting up business and you would think the voters would say are you smoking the heavy stuff we ain't voted for you she got 80% of the votes as that area

the city lost a ton of business so I don't know what the hell's going on I try to believe one plus one equals 2, 2 plus 2 equals 4. I don't understand people celebrating murder, mayhem, destruction. I do understand racism. People are sick in the mind. They should be laughed at, outcasted.

But wow, they're safety in numbers. There's a lot of them. You had a bunch of people in the Capitol yesterday. Protesting for peace! Not for the kidnap to come home. not for the murders to stop from the terrorists. They want to ceasefire. You know why they want to ceasefire?

Because they know Israel is going to eradicate the bad guys. I don't know at what point we jumped the shark where people like ISIS. But I'll try to get my brains back from being scrambled because of this and realize the good news, the majority of us, aren't doing what they're doing, saying what they're saying. They just get the headlines. Middle East is getting crazy now. A lot of Arabs are out there going nuts. They found out the hospital was not done by Israel. They didn't care. New York Times stoked it. New York Times had to change their headline four times, but still do not have the headline that, oh, it was the bad guys.

so we can't depend on our media either. So with all that, I applaud Joe Biden. Investors Edge Alert. I'm actually applauding him for giving all of them a middle finger right now. And let's hope he gets it right going forward. Because ladies and gentlemen, this is real deal stuff now. And I got news for you about the proud and good people of Israel. they ain't going to be sitting down.

They're going to defend their country just like we would defend our country. Imagine if somebody, a thousand people from across the border came over here. Oh, that's right. That happens every five minutes. But imagine if a thousand came over and murdered 1,400 Americans here. What do you think would happen? We'll keep fingers crossed. This is big stuff.

Oil prices are up another two bucks. today. More strife, we'll see a hundred. Hundred bucks no good. Cost of capital and cost of energy. Continue to spike. Profits down, margins down, stock prices down, economy down. Wish I had better news. But we deal in reality here. Not fantasy. I'll be on with Cavuto tomorrow. Noon, Fox Business, don't miss it. You have a great evening drive carefully. When you get home, do like we do quite simple.

Make sure you hug your family, hug your children. Winston is doing great. Have a good one, everybody. Bye-bye. This has been Investor's 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. 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 VentureX, 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.