Investor's Edge with Gary Kaltbaum - Quiet but... [05.16.2024]

Episode Date: May 16, 2024

https://garykaltbaum.com/

Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly

direct deposits. Earn more. Gain exposure for your business. apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program.

Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. 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 day.

Thanks of being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It is Thursday, May 16th, 2024. Hope you are having a good day. As always, this is serious talk about everything that affects you and your money. and the markets and the economy, your jobs, your industries, you name it, we cover it without any agenda, any ulterior motive, any bias.

And we mean that seriously because we know what's out there. We will state the facts, we will state where we stand. as you know we have certain mantras first and foremost is we the people second government can't even turn on the lights without our tax dollars third it's become too much of them and less of us fourth 35 trillion of debt says so trillion dollars a year of our tax dollars going to interest not to the roads not to the bridges

not to the streets, not to the elderly, not to the homeless, not to the children, not to the infirm, not to the downtrodden, to interest. Brought to you by a whole host of these people throughout the years, one being worse than the other, leading to this guy who is torn away the championship belt from the last guy on debt and deficits and and just sheer BS. And we'll cover that in a little bit. If you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should follow us on X.

Just put our name in. And of course, as always, you can email me. Just be nice. So ladies and gentlemen, I don't know if this is serious or not, but I'm going to bring it up. As you know, I've had, there is one person that I've gone back and forth with, have spoken to him, has emailed to him. I have said to you on the show he's great American, but very much disagrees with the things that I have said about Trump.

I'm getting an email and it says, I can't use the, I'm not going to use the words, but it says it's from. the blank clown's dad, well, arse. The arse clown's dad. And it's saying obituary. So I don't know whether it's true or not. I know the young man was named Jason. I hope it's not. It says with a heavy heart,

I stand before you to bid farewell to my beloved son. Arce clown. And it just goes on to say, engaged in a spirited feud with Gary Kulpam, a fellow stock analyst who we respected immensely. Despite their public disagreements and differing opinions, there was a mutual admiration respect between them that ran deep. Their exchanges were always marked by intellectual rigor and a shared commitment to advancing the field of finance. Loving son, brother, and friend, and it's a fake email address in mourning the arse clown's father. Let me just state for the record

I hope it's not true I hope I'm being punked what more can I say I'm not going to say it's weird because I don't know says born January 15th 78 past May 10th 2024

and I think it alludes to this young man who I've gone back and forth with with spirit back and forth. So I don't know. But I just wanted to read it just in case somebody's listening out there and knows who I am talking about. I'll put that down.

Meme stocks. So, what was it, Monday? Today's Thursday, right? On Monday, I came on this show and I simply went through my usual message. when it comes to craziness in the market. I came on this show and I stated, very simply,

be careful. Don't be the last one in. I don't know where it goes from here. It's going to be random. I don't know what tomorrow brings, but the one thing we do know by precedent is all these things will go back to where they, came from. And how do we know this? Well, we've studied the markets. And we were amazed on

Monday that they would be going after GameStop and this AMC theater stock because GameStop at the Lowe's was down 90% from the highs and AMC, and this is not a typo, 99% from the highs. And they're playing with that stock. And when I mean playing, they're playing, they're some person on the web with a moniker and a name, and he put up some videos. He's supposedly the guy that started, the Reddit thing. And I don't know what drives this stuff, except I do know there's major short interest. And all we said to you is just that. Just be careful.

Don't be the last one. And went through this whole little thing. Bob. The stock finished at 30, and I got ripped on Twitter that night by a few. faceless person. And as I said to you, I blocked the person. And I never block anybody, but I block this person for the simple reason of, it's not a person. Well, it's a person, but it's a, it's a, it's a moniker. The heck am I going to go back and forth with a moniker? And the next day they opened GameStop up at 65. They closed it at, um, just about 49. So we

basically said to you, if you had bought the open, you're losing a lot of cake. Just be careful. Please be careful. We don't know what tomorrow is going to bring. Maybe they gap it up tomorrow. Maybe they don't. I have no idea. And while we were doing the shows, the show in the aftermarket, they had them up again.

They had the stock up again. but they opened it up down the, excuse me, they opened up down the next day. This was yesterday. And all we really care about is outcome, right? If you bought the Open on GameStop on Tuesday, $64.83. As I talk to you right now with four minutes left in the market, it's a $27.80 down another almost 30% percent.

today, 6483 from the open, 4875 from the close, it's 2793. This is exactly what I've been trying to tell you about being careful. And I can promise you this, we had no idea whether it be $100 right now. And frankly, we're surprised they're trashing it so quick. AMC, even worse. Hit a high of $11.88 on Tuesday. It's $4.66 as I speak today. What is that 60 some odd percent?

So let us repeat some things. And we're not patting ourselves on the back because, as we told you, we didn't know what's going to happen in the short run. We had no idea what would happen in the short run. And frankly, again, I'm kind of a little bit surprised. I'm a little bit surprised that they're smacking them so quickly. Just be careful. if you want to play in those waters

you're going to have to expect to get some riches from those waters but potentially also get buried from those waters catch in my drift potentially also getting buried from them

and look what's also happened already I can tell you the noise was loud, the noise has already died down major league. We will keep you up to date. We will keep you on top of it because when all is said and done, as I have told you, the first and foremost thing about markets and your money protect the freaking capital. I have met people that had net worths of $5, $6, $7, $8, $10 million that went broke.

I've met people I have met people that have made 50,000 a year that became millionaires go get the book I gotta remember I'll figure it out in a second the millionaire next door

go get that book it'll explain it all I'm Gary this is the one only Investors Edge Hi I'm Gary Kallbaum hosted a nationally syndicated radio show Investors Ed 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 888-4-2-5-59. That's 8-8-8-5-59. That's 888-4-22-5-59. Investment Advisory Services offered through Call Bomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing.

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy? of building stuff, building actual physical machines. Yeah, it's why I came to IBM.

I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right?

My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery.

You and your team will deliver Amazon packages to customers in your neighborhood, on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more.

Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash H-U-B delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner.

That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, ORA-E-Dah, Sylke, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go-pick-up or delivery. Restrictions apply. See website for full terms and conditions. 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 welcome once again to Investors Edge. Thanks for being with us today. I'm going to skip over, do a little segue. And again, let me just get back to the point.

We have no blood in the game when we bring up meme stocks and biotex with no sales. We're just here a voice on a radio, handsome and buffed. but a voice on the radio that has seen a lot throughout the years. I've seen some crazy. I've seen just over-the-top froth in speculation and just stupidity. Sorry to use that word. I know some very smart people that bought NFTs that lost 99% of their money, well, actually 100%.

And the list really goes on and on. And I'm just have to tell you again, I'm stunned that they went after a stock that's down 99%. And what do they expect when all is said and done? You know, there's a reason it was down 99%. Anyway, another rough day for the meme stocks. I hope you listened, especially buying the Open on Tuesday. And again, I have to repeat the other side. I had no idea whether it would be up 1,000% from here.

I didn't. We freely admit it. The Dow hit $40,000 today, went a little bit above it, closed at 39, 869, down 38. Market closed on the lows of the day. So I think we just froth is picked up, put buying, there hasn't been any, so everybody's betting up. So looks like probably started a little bit of pullback time today. How much I don't know. How bad I don't know.

We take it one day at a time. Simple as that. Tomorrow's another day. Some really good action. A lot of names in the last. few days, but I also want to mention some really bad action in some areas that are noteworthy. Recently, I'm going to try and put the little pieces of the puzzle together. The bond market acted better and came down because, number one, the Fed started easing

monetary policy by slowing down the unprinting of their printing money. To explain, printed to $9 trillion, let the bonds run off. So it's 8.58. And they were doing $65 billion a month. Amazing that I even have to bring this up, that any entity could have the ability to deal in trillions like this.

It's insanity. So instead of 65 or 60, they lowered it to 25. And that has an easing effect that helped interest rates come down. But also, I do want to let you know, and we'll stand by this, I do believe the economy is softening. To what extent I don't know. But I do believe the economy is softening to the point where no disaster. But here is how you know and how you will know the market's getting in, excuse me, the economy is getting in trouble.

here is how you will know it's going deeper. The Dow will be down a couple of thousand points from here. That's how you'll know. If not more, that's how you'll know. I am letting you know that I really have never seen a market hold up into a recession. Markets usually flush it out and flush it out pretty darn well. That has not happened as of yet. Could it start happening now?

Sure. And there are areas that economic areas that are troublesome. I've been noticing, let me give you some names. Anybody here of United Rentals? So this to me is one of the most important economic names out there. It was down 31 today, 31 bucks. and not a big deal because the stock's been pretty decent, pretty strong, hasn't done anything in about three months though, but down 31 today.

And we already have been telling you about the transports how they've been acting terribly. The rails and truckers, and I gather those are economically sensitive. But I'm now seeing, and maybe this is not the biggest of deal, but there are certain sectors that we have on our software. One's titled Building Construction Cement, and another is Building Construction Products. And we're just letting you know a bunch of them are breaking down. This is not housing. This is building construction.

Here's one, Martin Marietta Materials. Produces crushed stone, sand, and other aggregates for infrastructure and commercial residential construction markets. It was down 31 bucks today or 5%. Breaking some support. Not the end of the world, but other cement stocks went along for the ride. Symbol EXP, Eagle Materials. Same thing. They're gypsum wallboard cement products.

You know what wallboard is, right? That was down 6% today. And technically, that's me reading the patterns. that's some possible topping out going on here. So it just, an area will avoid, we'll stay away from, but we're always thinking and always every night we're asking questions, well, wait a minute, hold on. So the transports are doing this.

Now all of a sudden them are doing that. Huh. Now it's not been a disaster of any kind. There have been a few names that are worse than, others. I can tell you, you ever hear of Builders First Source? BLDR. Structural-related building products for residential new construction. Well, the stock's gone from 214 down to 165 in the last six, seven weeks and gap down on its earnings report that was down 10% in sales only were flat, but got hit. So just little wake-up calls of areas that we would be avoiding.

We already have been told you about transports. We've been saying recently, A lot of the oils, not all, but a lot of the oils that were acting pretty decent, not anymore. On the other end, we've been telling you, China, and China had another good day today. We'll see how that plays out. Remember, how do you trust this guy Xi run in the joint when he destroyed his own companies for a couple of years? We'll see. So that's number one, is some of these areas. on the other end of the spectrum,

we're into new high ground on the NASDAQ, NASDAQ 100, S&P, and that's good news. They pulled them back today a little bit. I don't like the way it finished. If there's anything negative, we're kind of sticking up here. What does sticking up mean?

Well, we've kind of come straight up, and maybe we're just going to get a little pullback here. We'll see how it goes. Up next, this, that, and the other thing, or whatever else. I'm Gary. This is the one only investors, Ed. Hello, I'm Malcolm Gladwell.

to the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service, 10 years ago, they're already five years behind.

If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive, so we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology.

is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub delivery makes it easy to get started.

There's no upfront costs. delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor,

ORAIDA, Silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. We're listening to America is talking. Investors Edge.

He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. Okay. So here's the other part of the equation I just want you to know about.

You know what's acting pretty good right now? The symbol is XLP. That is consumer staples, food, drug, beverage, tobacco, household products. And typically, these do better when the economy is softening. In the Dow Procter & Gamble, is it a new yearly high? for example away from the Dow Altria Group and Philip Morris

they kill people right at the highs tobacco tobacco kills people right they do TV on TV with ads running don't you ever see those ads boy they're so morbid

but so informational oh but by the way where they're declassifying the marijuana. Our great Justice Department, don't smoke cigarettes, but do the weed. They must have invested in Doritos and macaroni and cheese at the Justice Department. Other stocks acting well, Pepsi, Coke, relatively pretty decent. So something we're watching, we'll let you know. We've already told you we've been getting emails from listeners around the country.

telling us about their industry, and if it's softening or not softening, if it's doing this, that, and the other thing. So we'll see. And why do we even talk a little bit louder about this? The debt outstanding is gargantuan. Not just consumer. You know what's going on with this freaking government that has now using us as the biggest slush fund in history. Broughty by Joseph.

Anyway, I digress. next thing I want to bring up is the crypto. And we had mentioned yesterday that had a good day, but in the midst, I think we actually use the words midst of mush. Be careful there. I don't think, I'm looking at Coinbase. That sucker looks like it's about to just bust through the Grand Canyon to the downside here.

That's an important name, crypto-wise. So just be careful. It topped out weeks and weeks ago. that whole crypto thing. We'll see how it goes. Without a doubt, the mustard's been taken out of it. That's why you don't hear the touts as loud as they have been. And boy, oh, do they tout?

They're so good at touting. And of course, there's the Watchmadugie that updated her, I think she said, 3.5 million target, up from one point. Anyway, I really don't even want to discuss that at this juncture. So Dow was down 38, but at the lows of the day. The NASDAQ down 44, but at the lows of the day. The NASDAQ 138 at the lows of the day, S&P 11, at the lows of the day. And kind of sort of at the close, they really smacked it in the last four or five minutes.

Unlike what we have seen recently, some of our targets that we've been looking to get, pulled back pretty decently today, and we're going to see if they do it in a constructive fashion or in a nasty fashion. We don't like nasty ladies and gentlemen. We like constructive. Constructive means up on heavy volume, down on light volume, holding support levels, stair steps to the upside. Next. So if you have a chance, As you know, one of my favorite people on earth is Neil Cavuto. And let me state for the record, I've never been out to dinner with him, never been out to lunch with him. I've never been out to breakfast with him.

My relationship with the man is that I'm a Fox News business contributor. And I think the most I've ever been with him is at an hour at a time, but many times throughout the years. and on set, doing TV. But as you know, we try to, we all live our lives based on what we're inspired by, who we're inspired by. And he is just one of these people that, for me, just inspires. And I say that because the man has been hit with cancer, open heart surgery, multiple sclerosis. He had like pneumonia COVID where I believe he was in really bad shape. And he's come back from it all. And I don't think I've ever even heard a peep from either him or anybody that

knows him about complaining about it. And he works his tail off, works his butt off. And I love he has no bias and he took so much flack. You know, they call him a never-trumper because he went after Trump. When I used the term went after, well, when Trump BS is, he gets called out. But these people who call him a never-trumper, it's such BS because there is nobody that complimented Trump more during his four years as president on his tax policy, on his economic policy, amongst some other things. But that's all forgotten because Trump has a way of just going after people that say one.

You can say 10 good things about him and then you say one thing, oh, you're the Antichrist. But he's never wavered. He's always stayed down the middle, curries no favor with anybody, and holds the powerful to account. That's the way journalism is supposed to be. And unfortunately in this day and age, we don't have a lot of that. So if you have a chance, go look at the video. He interviewed Jared Bernstein today of Biden fame.

He's his head economic advisor. And he was interviewed. He called Jared Bernstein out on what we've been calling the Biden administration out right here. And what is that? Just a bunch of in plain sight bull crap. And it's tiresome. And it just tells you that they believe that most people don't pay attention or just plain stupid. Seriously, that's what I think is going on.

And they get away with it because the media kiss their butts. He did these lies on CNN with Aaron Burnett, who's a very smart business woman, from CNBC and she just sat there, didn't say a word knowing he was just lying to her face about where things were when Biden came in as president. Well, Neil did not have any of it today from Jared Bernstein. We applaud him. Go check it out. And that's the way it should be.

We're so happy about that. And we don't care if it's a Republican. We don't care for the Democrat. We don't care if it's the Whig Party or independent. People in power need to be taken to account. They all work for us. We do not work for them. And unfortunately for the many, they think we work for them.

That's why I call us the biggest gargantuan slush fund in the history of time. I believe Joe Biden thinks we work for him, even though he comes out and says, oh, the people this, the people, that. That is a bunch of people. a BS when you're running $2 trillion a year deficits, when you have raised federal spending 70% from five years ago, we're working for him. When the taxpayers paying off other people's loans,

we're working for him and trying to get votes. And it's tiresome. And this goes for any and all. And we're going to hold them all on it as we move forward. It's simplicity. If they're going to BS us, we're going to make sure you know it.

And we don't care who it is. The big BS is Biden's been coming out numerous occasions when he came into the presidency. It was 9% inflation. No, it was won in change. A year later, it was 9%. What's their excuse for lying? They're saying, well, it was on its way

to 9%, but that's not what Biden's been saying. He's been saying it was 9%. He is lying. Not spinning, lying. So Neil called him out on it today and he tried to spin and guess what? Neil hit him on it. I loved it. Up next. We'll put a bow tie around it. One more little lie, news of the day. Then I'm gone. I'm Gary. This is the one only investor's edge. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI,

coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a lot of, legacy of building stuff, building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things

that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with quantum. By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a

very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery.

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Orahida, Silk, Capriason, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up or delivery. Restrictions apply.

See website for full terms and conditions. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guest's edge. with Gary Culper.

And welcome once again to Investors Edge. So the other big lie is that 15 million jobs were created under Joe Biden, which guess what? About nine of it, about nine, was getting back from COVID. Remember, we shut down. He's counting that as jobs created under him. And the other part of the lie is he's saying that Trump, had the worst record as president

on jobs, but he's counting the drop in jobs during COVID. We complained about Trump. And this guy is just rolling over Trump like there's no tomorrow. And the amazing thing is he's called out on it

and still does it again. And again. And again. And of course, CNN in their usual bias, They have a guy there that is a fact checker. Not for Joe Biden. They didn't haul him out and say, fact check the interview, even though it's just the President of the United States.

We'll do the job for them. Speaking of that, this is what I want you to be watching for. As you know, what's going to happen in the next six months, according to the national media. Trump is the Antichrist and Joe Biden is an angel ABC's David Muir Do you know he is? He's on at 6.30 p.m. And I never watched the network news

not because I don't like them but because at 6.30 p.m. I mean, come on. Seinfeld's on. Or Big Bang theories on. And I've already seen all the news throughout the day. David Muirah had the nerve.

He's going to be hosting a debate of Biden and Trump. He introduces it as Biden issued the challenge on debates. They lied. Trump has been challenging him for months on debates, and Biden didn't answer. So Biden now answers, but no, Biden did the challenging. So they're already starting up. It's Axios, as I mentioned, does an article on, get this, Trump's,

inflation bomb? That Trump will have high inflation because of his policies? What? Whatever the reason why under Trump inflation was low, under Biden's high, whatever

the reason. Let's say it's none of their faults or both of their faults. But they write an article with the headline Trump's inflation bomb. So Axios is starting up. And then they do another one, Axios. You ready? This is how they do things.

Beebe's Biden rant. You know, BB is Netanyahu. How is it when somebody on the right says something, it's a rant. It's amazing how they basically report things. The other title from the New York Times, how

Israeli extremists won? Israelis are now extremists. Not Hamas. But Israelis, I really should be doing a weekend show. I may just have to do a podcast on just blasting the BS from the, and I'm not talking about the opinion people. On the right you have opinion people, on the left you have opinion people. And you know who they are, and you have to realize agendas or not, you get to decide.

I'm talking about the supposed straight news anchors. It's amazing to watch. Trump's inflation bomb. My goodness. And we already told you, the border, for three years they didn't report on the border, ever the media. And then Biden had to bring it up because his poll numbers were so bad on immigration.

So all of a sudden they started reporting and they never mentioned the word Biden. And then they came out with some immigration bill that didn't do anything for immigration, and the Republicans wouldn't sign it. Now it's all the Republicans' fault on immigration, even though Biden's been the president for three years. You get the point. And in case you don't know, you listen to all this. When Trump was president, we hit him on everything that we didn't like.

We hit him on the tariffs. We hit him on the BS. We've been for three years on the election. And boy, have we been taking fire on the election? because people keep sending me videos or people putting up videos oh the election was rigged and stolen and all that

okay fine whatever the fact is who's been the president for three years somebody lost somebody won so we'll keep doing what we're doing we'll keep talking the talk and we'll keep

at least trying to keep you in good stead with the market where I'm just letting you know we went into new high ground I'm not so sure it's going to be that easy We take it one step at a time and we'll see how it goes. We have an idea where leaders are.

We have an idea where Laggards is. That goes for countries, areas, sectors, names, and the like. Tonight I'll be spending time. Boy, tonight will be like a double scan. Tonight will be a double scan. Why? Because there's an into new high ground in the S&P NASDAQ and NASDAQ 100.

I've got 40% of the market that looks like Kaka. So we'll stay on top of it. In the aftermarket, just of import, applied materials, that's an equipment maker, closed a 214, got a 210 in change, so not the biggest deal. That's pulled back. That looks like it was about to break out. And Cracker Barrel. I got to bring up crack or barrel because they have been under pressure.

And the stock's getting smoked again in the aftermarket. They're lowering their numbers. They're going to try and do some sort of strategic transformation. Because, but I still love their stores. Man, they have all the old candy. Anyway, hope you get where we're coming from. We're dead serious about it all. You have a great evening drive carefully.

I should be on with Neil Cavuto tomorrow at noon now or Fox Business Network. Check it out. Until then, have a great evening drive carefully when you get home, do like we do. It's very simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Have a good night, everybody. Peace out. 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. Amazon Hub Delivery wants to partner with your business.

Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. Earn more.

Gain exposure for your business. apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery.

Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, or Ida, Silk, Capri-San, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up

and go pick up or delivery. Restrictions apply. See website for full terms and conditions.