Investor's Edge with Gary Kaltbaum - Quiet Monday [11.13.2023]

Episode Date: November 13, 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 Colpom, your host day. Thanks for being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. It's Monday. It's the 13th of November, 23rd. Hope you having a good day. hope you had a good weekend. Some scheduling, number one. Wednesday is my annual Colpom Family Blessings Banquet.

We serve about my wife and I, my family, my family has sponsored. I think we're going on 20 years. Thanksgiving dinner for kids from the Boys and Girls Clubs of Central Florida. typically 3 to 400 are brought in to one of the clubs where we games, games, music, and a Thanksgiving dinner, we serve them. We are the waiters and waitresses and servers. We've been doing it for 20 years. That'll be Wednesday.

So Adam will be doing the show on Wednesday because I'll be gone. That'll be Wednesday. And as we always say, especially around. the holidays. If you can do something for somebody that you need absolutely nothing from, go right ahead. You can go volunteer at one of these kitchens that are serving the homeless. You know, there's all kinds of things that you can do. So, you know, kind of like, you know, that'll be Wednesday. I was in New York City this past weekend. And, you know, there's been a and all this talk about people going up and tearing down the posters of the kidnapped in Israel.

And I must say that I had no idea, but there's a ton of them in New York City all over the place. And the people that put them up got smart. They really wrapped them up in tape and plastic. Unfortunately, you have a bunch of scum that are ripping them down, but I got to tell you, they must be breaking fingers and nails in order to rip them down because I don't think it would be too easy to do. But people are nuts. People are crazy. But I was amazed at how many had been put up. But that's not what I want to, you know, we've been doing starting Israel in the Mideast, beginning of every show. I wanted to bring up something else when it comes to that. And then we'll head right into the markets, the economy, and all that other fun stuff.

I tape the Sunday political shows. The reason I tape them is because I don't want to get too nauseous watching them. So I tape them and I pick my spots on what parts I want to watch. and as you know, these people that run these shows are a bunch of biased. They're not journalists. They are biased. And we don't mind bias. I think everybody's biased.

But in journalism, you have to, you know, when you are not an opinion person but an anchor, you have to be above it all. Two shows, CNN, I think her name is Dana Bash. and meet the press on NBC. It's the new girl Kristen Welker that gets all kinds of applause for the job she does. Both of them interviewed Benjamin Netanyahu, the Prime Minister of Israel.

Both of them sickened my stomach. Imagine you're the Prime Minister of a country that a month ago, terrorists enter your country, murdered 1,400 people in the most depraved, unimaginable ways. And unlike the Nazis who try to hide it, they actually took video and were proud of it and were posting it for everybody to see. Imagine that. Imagine you still have 200, about 240, kidnapped, elderly, the inferred, the inferred, the inferred,

a three-year-old. So what do they do? This is what they do. Oh, Prime Minister Netanyahu, yes, and we know about what happened on October 7th. But what's Israel doing? And what are you doing? How are you doing it?

What are you doing? How are you doing? What are you doing? How are you doing this? Are you doing this? Are you doing that? What are you doing this, that, and the other thing?

Blah, blah, blah, blah, blah. That's what they did both for 15 minutes. That's what they did. Not tell us about the families of the dead. How are they doing? No. Didn't hear that question. No.

Tell us about your country and it's psyche. We know your country must be going through a hell of a lot. Can you give us an idea what your country is going through? Have you spoken to any of the families of the dead? dead. And what about the kidnapped? They didn't ask it that way. You know what they did? This is how they did the question. And I'm paraphrasing and putting a little sarcasm into it. We hear the families of the kidnapped. They're really pissed off at you. What are you doing about it? That's how they asked it. And I'm thinking to myself, man, this guy has discipline because I would have probably thrown some F-bombs at

these two. So for 15 minutes he took incoming. It was just questions of accusations on Israel. Not about defending Israel, but how dare you? I couldn't believe it. October 7th to two, these miserable, biased, dupish journalists was an aside to the interview. It was an aside. It was an aside. Their September 11th, times on a percentage basis 10, on this interview to these two journalists, was an aside. It was, oh, you know, and they couldn't help themselves. Are you taken blame, sir, for what happened? Imagine, you're the prime minister, and they're asking if you're taking, blame, not the terrorists.

Imagine that. There is no doubt this man is not sleeping, is going backwards and wondering. What could he have done or done differently? He's already said that everybody

from top to bottom, but right now we have a job to do and we will revisit it at the end. Once we are victors, But they couldn't help themselves. They could not help themselves. And by the way, what does this have to do with you and your money? Well, in what we're talking about really doesn't.

But we do want you to remember, these are the same people that have watched their friends in D.C. Take us to no debt to $33 trillion of debt and still hardly say anything. It's all, you can all put in a little bit of a bowl. Anyway, I was contemplating, not sending them an email, but an absolute letter to both of these. Sickening. October 7th was, let's put that aside. Let's piss all over Israel and what they're doing. Trying to get after the terrorists.

So they can't do it again. Like a country is supposed to do. Defend their citizenry. Anyway, I just wanted to start to show that way because it really pissed me off. Quiet day in the markets. The indices is not so much. But we do have, as always, a lot to yap about. Notice, by the way, we just segue the markets as we go into the end of the year.

There are a few things I want to make sure you know, make sure you understand. I'm going to do the simplification of the markets again today. For those who haven't heard the simplification of the markets when I break them down. And then explain to you the markets of today and what the implications are, potential implications. Why? We have one of the widest, if not the widest. we have one of the most narrow, if not the narrowest, markets I have seen in my time in the markets. I'd like to say I can go back, you know, we can go back on our scans 100 years to the beginning of the markets,

but we really can't get advanced declines that well. Up next, we'll explain that. I'm Gary. This is the one that 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, will 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 8-8-5-59. That's 888-4-22-55-59. 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 Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at 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.

So, assume, we want you to assume that we know exactly what a downtrend and an uptrend is in the market. I want you to assume that we know this. And we do. but for your sake, because you don't know us, I want you to assume that we know what a bull and bear market looks like. And I want you to assume

there's only 100 stocks in the market. We're doing this simplification example again. 100 stocks. And I want you to assume 100 stocks are in uptrends. Well, you know what that means. Everything's in an uptrend.

This is great news. We want you to then assume, well, things are getting a little hairy. Instead of 100 stocks in an uptrend, you have 50 stocks in an uptrend, 50 in a downtrend, and they match each other. And they all have the same weighting. Well, what does that mean for the index? The index will be flat. We're assuming.

but imagine the 50% that are going down are half the weighting of the 50% that are going up. In other words, each is going up the same amount, but the 50% waiting, the 50% that's going up has a huge double the weighting of the ones going down. So in other words, advanced declines, the breadth of the market's flat, but the indices are up decently because of their weighting. In other words, if there's 100 stocks in the market and each are worth 1%, you have equal weighting. Well, what if the 50 have a weighting of 1.5% and the other 50 had a weighting of a half percent? Well, they're three times the weighting.

So the indices are doing better, and you better be in those 50. What if it's worse than that? imagine if 25 stocks are in up trends, 75 stocks are in down trends, and the amount the 75 are going down are equal to the 25 going up. Well, if they're each worth 1% of the 100, you know, we add to 100, that means the indices are going down. But imagine those 25, you ready, are 3% each. In other words, 75% of the index. And the other 25 make up only 25%. Excuse me, 75.

Let me take that back. If the 25 make up 75% and the 75% and the 75 make up 25%, your indices are going up, even though three out of four stocks are going down. That's the scenario we're in. Every night we scan the market. In fact, because we're ambidextrous, right now, as I talk to you,

I am just simply got my legal pad out in the pen, and I'm just pressing buttons. and I can go through maybe 60 stocks in a minute. So I cover everything. And right now I'm going up towards the highest volume stocks, up at $2.3 million a day. And what I am doing is writing down good, and I'm not even writing down the bad

because I'd have a few hours if I keep writing down the bad. This year, whatever the S&P 500 is up. Now, mind you, the S&P 500 would be, duh, is 500 stocks. If it was equal weighted, each is worth the same as the other. Seven stocks are the whole gain of the S&P this year. 493 stocks are down on the year. If you take those seven stocks out, now everything counts, and you can throw three more in, the big 10, it is the widest.

It is the most we've ever seen. And in the last couple of weeks, it's gotten better. You got some software names coming on, and a smattering of other stuff. Hilton isn't a new yearly high. Just broke out, so it's emerging. it's not necessarily in the big up trend yet. We'll see if it can get better. We're just letting you know

it's the widest we've ever seen and we just have a couple of thoughts as we move forward. First and foremost, if the plethora of the market, don't know if that's good English, but I know what the word plethora means,

does not turn from downtrend to uptrend, and let me be clear, they've rallied them. But most have not really turned yet. I think the housing stocks of turn, we mentioned. Most, though, are still in their downtrends. If that doesn't change, and then they finally get the seven to ten names, and I don't mean corrections. I'm talking about getting them. All hell's going to break loose in the market.

The good news? November 1st. That confirmed a market rally. So far, so good. There's some warts. But as of the close today, even with this market rally up, 68 new highs on the NASDAQ,

211 new lows. What? On the New York, 57 new highs, 86 new lows. And I can promise you of that 125 new highs on the two indices, many of them are not really companies of some dollar stocks, some SPACs. So you probably can cut that in half. Up next, we'll continue with the simplification on the markets. 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 subject to change. See Capital One.com for details.

This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, Upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin 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.

He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy. With Gary Colbub. It comes highly recommended. You're going to feel better if you talk to him. So, I'm pretty sure we explain the simplification pretty well. They better improve it.

By the way, just so you know, the new yearly low list. I'm going to just do the... New York. You ready? Pfizer. Nordstrom. GameStop. Spirit Airlines. Albermarl. Leggid and Platt. Walgreens. Lazzard. Just so you know, New Yearly Lows. Hertz. Credit Corp. Remax. You catch in the drift here? not some fly-by-nights. It's actually stunning to watch. Now, on the NASDAQ, you got some lot of hunks of junk at New Yearly lows. I wouldn't call Biogen a hunk a junk, but that's a New Yearly Low, by the way. Iheart Media, the radio company, New Yearly Low.

Those numbers have to change. Or we're just going to be playing narrow list of stocks and hope they can go. The Russell 2000 was at bare market lows in the last week or two. Bare market lows. You know the one that started in 21. Last October, we bounced. We had 1,000 new yearly lows, 1,000, even though the big indices weren't even close. And now we've rallied up.

And I can tell you, again, a lot of things have rallied. The worst things have rallied. They haven't changed, for the most part, their downtrends. There are some, and there are new highs. We've told you where they are. Big tech, software, a smattering of other things. and to give you an idea on New Yearly Highs, here's some names. On the NASDAQ, Facebook, and New Yearly High, Crout Strike.

Costco, Z-Scaler, another software company. Cadence Design, another software company. NetT's, a Chinese gaming whatever. Checkpoint software, another software company. Synopsis, another software company. O'Reilly Automotive. You know what they do? Sintas, the uniform company.

So there are some. Finally, some showed up. But then as I look down at the bottom of New Highs, the Oxus Acquisition Corp, it's a SPAC. It doesn't even have anything. The HCM Acquisition Corp, the Arago Capital Acquisites, we call them nothingness. So there are a select few.

On the New York, a little bit better. Uber, New Yearly High. Walmart New Yearly High, while targets near New Yearly lows. How about that? Dell Computer. Progressive Insurance. Cardinal Health.

As we mentioned, Hilton. Go Daddy. Marshall McLennan Insurance. Republic Services. They pick up your garbage. Service now. another software company, Lowe's insurance. Garmin, you know what they do.

Arthur Gallagher, insurance. McKesson, drugs. Reinsurance group, insurance. So there's a few there too. Ali's bargain, I've never been there. Ferrari, you want to talk about, as I said, Walmart Target, one at New Yearly highs, one at New Yearly Lows? Ferrari New Yearly Highs

GM and Ford right at New Yearly Lows So when we tell you this is one of them markets You better be on your game We owe no stocks and downtrends We bought a couple that we think came off the launching pad We'll see, let's hope That's all we try to do here Find the launching pads

And hopefully they turn into real solid uptrens There's not many solid uptrens in the market. In time, we hope. So just letting you know, narrow is all hell. My job's actually kind of easy. My nights take less time right now. Why? As I'm sitting there scanning at one by one,

just looks like crap. Bare market, bear market, bear market, bear market, nothing to do. None of have to worry about them. And in all kinds of areas, all kinds of groups. So just as we started the show, that's the story. Quiet Day for the Indices, Dow up 54. It was all Boeing.

Emirates announced jets. I think 100 jets. Interesting, though, when I flew to Dubai, didn't I fly an 8th, 380? Yeah. I flew an Airbus. I guess they buy both. S&P down 3, NASDAQ down 30, NASDAQ, 146. That was a change.

Pull back from Friday. They pulled back some of the mega caps today. A bunch of them look great, though. Transport's down 47. They can't rally the Russell. The socks was down 34, pulled it back. After a good Friday, and we'll see what Tamara brings. We're really past earnings now.

There are going to be more earnings. Like, for instance, you've got Home Depot tomorrow. But most, I mean, this week really slows earnings down. Cisco and the Dow this week T.J. Max, Target. Alibaba, Walmart, applied material. So there's a few.

But it slows down now. And as we get towards Thanksgiving. So that was really the day. Oils bounce a little bit, but they're in downtrends kind of sort of right now. Retail? How about this for retail? Best Buy, is it a new yearly low?

with Costco at a new yearly high. And by the way, in retail, most everything is in downtrends. I think you got a few outliers in retail. So just letting you know, and I think we mentioned this, we brought an accounts recently that at 100 stocks on them. And very simply, what I do is I just go through each stock and I realize 80% of them were in downtrends. some big down trends welcome to over-diversifying somebody in charge of them a fee my job with that

is hopefully the downtrends go higher because if they don't they keep rolling over see ya and replace them with uptrens and hoping they stay that way i'm just letting you know we are going to be so ready if and when they finally come after the big ones, the monsters, the mega caps, which by the way, still most of them look pretty darn good, and hitting new highs or close to it. And as always, if anything changes, we will gladly let you know. But man, this is a tough market. If you are over-diversified, and all one would have to do, stand behind me while I do my scans and show you how many things are down and how far down they are and how in the same sectors how some things have been trussed while a few things are much better

in cruise lines Royal Caribbean coming on again carnival and Norwegian act like crap in drugs Pfizer dead abbott debt i go through eli lilly strong the weight drug they're saying now those weight drugs going to be great for heart disease. Of course they are. Less weight, better heart. Up next. News of the day. 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 subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now. I'm editing audio. If this sounds familiar, you're probably already a podcaster.

The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at Spreaker. 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. Investors Edge with Gary Culper. And welcome once again to Investors Edge. And just in case you got all excited about the IPOs. This is what Wall Street did. They're such idiots.

So, just so you know, Wall Street makes a hell of a lot of money on initial public offerings. They tried the SPACs and screwed you over, and that's over. Maybe a SPAC here and there is coming out. They screwed you good on those. My SPAC page is a bunch of things that were at $10 at $0.10 now. So they started doing IPOs, and you would think they're smart, Wall Street. You think they're smart. They are.

but you think they would think longer term. So no IPO is coming out because the market's been crappy. You would think they'd be smart and do better. What do we mean by that? Number one, the job of the investment bank is to get the highest price at IPO for their client. But there are moments in time where you just say to the client, hey, listen, instead of giving you a market cap of $25 billion at IPO, So, let's go $18 billion.

I know you're going to get less, but let's make Wall Street happy. And we can always do a secondary offering down the road if things work out. Now, let's go float $1 bills, but make them pay $1.80. And that's what they did. So they bring out arm holdings, this. Next great thing, $51 IPO, open it up in the 60s, get it to $69 within a day, it's 51. So nobody's making any money from the IPO, and everybody's losing money on the secondary market. They came out with Birkenstock, $46 deal, opened at a discount because they're so stupid.

the high was 42, it's now 39. Everybody is losing money. They came out with Instacart. $30 deal. They opened it up at 43. And they're supposedly somebody smart measuring the markets when they open these things up. 43. It's 25 and a half.

Everybody losing their money. What was the other one? K-V-Y-O, I believe. Claivo, $30 deal, opens at $37. $2560. So what's the moral of the story? What's the motto and why we bring this up to you? Well, we're just letting you know they were touting the living crap out of these things.

You know that. And once they get past their quiet period, the analysts come out with their ratings, and you know the analysts come out and pretty much all of them say bye. So just letting you know how stupid they are. Coming off of a bare market, coming off of a bare market in IPOs, you would think they'd be a little smarter.

In the news, now here you go. Ladies and gentlemen, as always, the leaders of certain cities do not give a crap about the citizenry. Guess what San Francisco is doing right now? They're actually cleaning up. You know what they're doing? They're cleaning up the streets. They're booting what they call vagrants off of the streets.

Oh, that's right, because Biden and the dude from China are coming, and they don't want the dude from China come and seeing vagrants on the streets. Isn't that great? How scummy are the people who run San Francisco that they don't do the right thing? thing until oh that's right that's Nancy Pelosi's district when was the last time a journalist

asked Nancy Pelosi about San Francisco the answer never because they don't want to lose their spot on the journalistic totem pole just letting you know what they're doing in San Francisco ain't that great as mentioned Wagovi

that's one of those drugs, is reducing risks of heart attacks and strokes. They're saying, and they're saying before weight loss even occurs, but we'll see. Dudes, in case you don't know, weight is everything. If you weigh too much, that is working on your heart. As you get older, it's tougher and tougher. In the news, oh, I just had to let you know, Chicago's Accenture Tower has now been blocked by

guess who? Yes, these wonderful protesters, yes, the ones that are violent and vile

and saying all kinds of vile stuff they're getting in the way. Don't you love that? Some of a block and roads,

they don't care. If there was an ambulance trying to get through, they don't care. Just remember who's who. just remember who's who in the scheme of things

ladies and gentlemen you don't have to believe us you can go take a look and last but not least in San Francisco oh guess what they're putting up walls that are border walls

the security walls for Xi of China oh now walls work interesting I had no idea Wall's work now who would have known

and that's a little bit of our news of the day and isn't interesting a lot of our news of the day these days what kind of creeps are out there running the joint oh gosh oh and one other bit Tim Scott has backed out

one of my big disappointments he just did not present well in debates and in interviews. I think he's a good guy and I think he has some good ideas, but you really got to be able to umphit, you know, O-O-M-P-H, and it just didn't happen. So one more down. Until tomorrow. Have a great evening drive carefully.

When you get home, do like we do, quite simple. Make sure you hug your family. Make sure you hug your children. and they will feel better. You will feel better, I promise. Thanks for joining. As always, until tomorrow. Good night.

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 Venture X card. VentureX 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.