Investor's Edge with Gary Kaltbaum - Relief!

Episode Date: May 23, 2022

More Info At: http://garykaltbaum.comMore

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 detail. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Colpom, your host.

A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is, let's see. Yeah, I figured it out. Monday, May 23rd, 2002. Hope you're having a good day. Let me start out by saying, I received from y'all hundreds of emails congratulating me on my son's wedding this past weekend.

My heartfelt thanks to each and every one of you. I don't even know what to say. Just thank you big time for reaching out. In case you don't know, to have somebody to take the time out of their day, to email somebody on radio. That's actually big stuff to happen. You know, we're no Joe Rogan podcast, not even close, but we should be.

We're a lot more logical than all of them put together. But we're happy with what we have, and hopefully we can continue to grow what we do here. We don't have any bias. We have no agenda, no ulterior motive. and it's gotten us places. And again, we thank you. The wedding was magnificent.

It went off without a hitch. The weather was terrific. Little rain the day before, no biggie. I hate bringing this up, but some of our guests were actually near the Canal Street train station when another murder, or somebody was just sitting there, minding themselves in a random scumb bag, just took out a gun and shot him in the chest and he's dead.

And they were standing outside and everybody was rushing out in a panic. They were right there. I got to tell you. I don't know what the hell's happening there. But everything went great. I don't even know why I brought that up. Just I'm sick and tired of the BS. I don't even know what to say.

It was that good. My speech. So as you know, I don't drink. If I have five drinks in a year, it's a big year. But I am the shot king whenever I decide to get off the schnide on tequila, and I can drink a lot of shots of tequila and not get drunk. So I ended up having six or seven before my speech, but then as the host, you get people coming up to you and saying, here, I got you this. drink it and they had a couple of specialty drinks I had two of those and then a couple other people came up hey drink it and by the time my speech came around it was quite interesting and I'm stupid because I should have just drawn up an outline on a sheet of paper instead I winged it the good news is everything came out but I did it out of order such as life what can I tell you I

was out of order, but everything I wanted to say did come out. And it went pretty well. It was well received. Unless they were lying, everybody came up to me and they were thrilled with it. So that was that. My son's now on his honeymoon in Greece. And I have a daughter now, which I've never had. That's brand new. And again, we thank you very much. Now on to the business of business. So I want to get directly into the markets because I know how you feel, I know what you're thinking, I get your emails, I get your questions on it, and on Friday we were having another dreadful day. And then at 315 out of nowhere, the Dow rallies up 500 points into the close where I think the Dow was still, no, it was up six points. Am I correct in saying that? It was up like a little bit.

let me make sure I'm not nuts the Dow was up six points on on Friday but had that great reversal into the close and the NASDAQ which was down a ton ended up being up a little bit at the close no it ended up down

still about 33 points at the close and we got all kinds of how does that happen what does it things are so bad and then all of a sudden all this buying comes in come on is this thing rigged is this this is that now years ago I would never even broach that question is this rigged why would I ever do that how can it be rigged the market is so big there's so many investors there's so many traders there's so many hedge funds mutual funds

insurance companies all these people that invest can't be rigged and then ground zero showed up in Mr. Bubble, original Mr. Bubble, Ben Bernanke, where he just decided to print a trillion bucks on a yearly basis. And the markets listen to him like there's no tomorrow and he kept saying he doesn't even watch the market. He lied. He lied. And as I told you, he was one of the causes of the Great Bubble real estate. As he, the easy money is what caused that. And what he decided to do is whatever caused the blow up, he would just take it and times it by a bazillion and go to zero percent rates, print a trillion. But he had something in his favor. The market had crashed.

Valuations were terrible. Market had crashed. That was in his favor again. And markets listened to his easy money. And then he stopped and started, stopped and started. based on how the markets were doing, which led to Janet Yellen, which to her credit, we're rolling it back. But of course, any time markets got in trouble, which took us to Jay Powell.

And as we told you, we believed, and go look up David Tepper, one of the great hedge fund managers and what he said about the printing of money and how he adjusted to it, which took us to Powell. So he took over and markets were heading into a bare market. We were going into a bare market. It was that bad. And then he changed raising rates. That's how bad markets are. They need central bank intervention. They need the printing of money. That's what they did. They made markets addicted to their every move. And that has always been our worry. And it was by no reach by us that we told you that all hell's going to eventually break loose. We told you that.

But Powell did something else. Not only during 2019, every time the market swooned, he lowered rates more, but when the market was not behaving for him going into September of 19, he announced money printing. Wait a minute, money printing. Ben Bernanke only started money printing when hell was breaking loose. Jay Powell started doing it when GDP was 3%. Unemployment was in the threes.

And that's when in October of 19, we said to you on this show, just buy the hell out of the market. We would never do that, ever. that's not words we use but we were so sure that this guy was printing money and guess what happened from October to February the market soared he did exactly what I thought they would do and then COVID hit then COVID hit

and we were smart because we owned the leading stocks in the market and as soon as we saw them topping we knew something was up when the leading stocks in the market are topping that's the big warning sign. And COVID hit in the market swoon, and he announced a large amount of printing, printed money, just like we thought he would.

But markets went lower. And then he announced more printing money. And markets went lower. And within a days, and now it's like gargantuan, and it might mean gargantuan. I use the word unimaginable, printing a money. And we were still in COVID, still locked down, but the market started seeing past it.

but also the printing of trillions of dollars, trillions of dollars. And markets got going. And that's when we started warning you. Simple warning you. We told you we were going to get bubbles. Massive bubbles. We got bubbles. Coins, marijuana stocks, 3D stocks, hunks of junk, spacks.

Up next, we'll take you through, bring you to here. Lots to think about and talk about. I'm Gary. This is the one and only Investor's Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed.

We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-22, 5559. That's 888, 422-5-5-59. Investment advisory services offered through call bomb capital management. This message is brought to you by the Capital One VentureX 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.

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 cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge.

The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. So we got bubbles on top of bubbles, on top of bubbles. We got just insane stuff. And we've gone through it. We're not going to go through it at this juncture.

We've done it enough, and we'll do it again, but not today. And then we told you what else would happen? It was really simple. The bubbles would pop. And people that did not recognize that would be destroyed. And unfortunately, in the case of like in AMC, the movies, there are people all over the web just, oh, we're not worried. They're down like 80% and we're not worried.

Claiming other people are trying to screw. them when all that happened was a bubble popped and Robin Hood stock and the coins and the coin related stuff but something else happened the rest of the market topped and what would be the normality J. Powell would announce more money printing more easing of money how do we know this it's what he did every time it's what he did every time it's the modus operandi the MO but he created inflation how do we know he created

we told you what he would while all Wall Street's playing catch up now we knew 15 months ago 12 months ago I was on TV 12 months ago 10 months ago before anybody else talking oh he's going to create distortions and it's going to be inflation how do we know

too much money chasing too few guys goods. And people who blame in supply chain and this and that, that only accentuates it. It didn't start it. You don't think we've had supply train problems in the past every now and then? And what else accentuated it? You know, government spending, debt, which is not good in the first place. What accentuated it? Russia, invading. But the train was rolling down the tracks a year in advance. That's why I laugh when Biden says it's the Putin price hike. He's full of crap.

The normal politician, just plain old full of crap. You know how you know they're full of crap? They open their mouth. The buck stops everywhere but here. So we got big bear market. And then inflation shows up and the inflationary trade shows up. And then the market worsens and worsens in this area and that area top out. and you go through the motions and then we've had rallies.

Just so you know, in the last six to eight weeks, we had a 900 point up day. We had an 800 point up day. We had two big reversal days that reversed to the upside, 800 and 700 points. On Friday, we reversed 500 points in 45 minutes. How can that be? The end of the world's at hand. Inflation, recession, depression, depression. Hell is breaking loose.

How? What? What? How can it be? And then we come into today and we're gap up four or five hundred points overnight. How can it be that we can rally 11, 1,200 down points when things are so bad. Gary, help us out. Well, what have we told you all the way down? What have we told you? It's called the rules of the road on the markets. It's not the rules that we made up.

It's the rules we have learned from people smart enough to study the markets before us, and then we just amplified it. What's the rules of the road? Know where everything came from before you get all excited. So the Dow's rallied up in two days, 1,200 points. Well, I'll take that back. From the lows of Friday. Why?

It's because the Dow dropped 2,000 points in three days. That's why. And how many times have we had to say that in recent months? A lot. Because unfortunately, every down day you're hearing from, you know, some of the Wall Street whatever's. It's the bottom. It's the bottom. It's the bottom.

It's the bottom. The genius, the most famous guy on TV, said the bear market was over at the highs of the countertrend rally. Just amateurish. And the market got trashed. And of course, he's added again on every up day. Just about. But what do we know? The rules of the road.

Bear markets rallies are sharp. quick make you feel good suck you in and bury you soon after what else the biggest days throughout our history most of them are during bare markets okay so guess what we had a 900 pointer on May 4th you catch my drift you had 800 point on April 28th you had a 700 point on April 28th you had a 700 point on May 2nd. You had a 600 point reversal on April 25th.

You had a big reversal of 700 points on May 12th and then rallied up another 6,700 points in Dow over the next three days before the 2,000 point drop. Rules of the road. So guess what questions

I'm getting the most of today? Do you think the reversal Friday in today's action? gap to the upside is the end of the bare market it's a good question odds favor no notice I use the term

odds favor because there's nothing guaranteed you see the problem with the markets as of recent as we have told you these jackasses have became the markets nine trillion bucks do you know what nine trillion bucks is to put in the markets

to do their bidding will do every time market got in trouble. But unfortunately, they created the inflation that they take no blame for. And here's the problem now. They can't ease. They can't announce more money printing. I'll explain that.

Then we'll get into today. And the outcome. And I'll complain about something. I'm Gary. This is the one only investor's edge. 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.

Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. 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 comes highly recommended you're gonna feel better if you talk to him and walk once again to Investors Edge so the problem is that if the market lived off all this easy money and the money printing in zero percent rates forever what's the opposite so here's the question now the market has known it has been reacting to it are we done? I mean, after all, we have highlighted for you, holy crap, 6% of the NASDAQ's down 90%, 22% is down 75%, 50% is down 50%. That has to be the worst, right? Don't know. I really don't know. What we do here is have some very good canned language. One of the things we say, need a couple more cards to come out of the deck. Why is that. Number one, because sometimes you see things and you need to see one or two more things

to solidify. We call it confirmation based on rules of the road, based on the roadmap that we follow, that have kept you in good stead for many of the moon. What else? Another question, can the market's bottom without Jay Powell. Well, this is what we do think. Every minute of every day he's trying to get himself out of this. Hmm, how can I get out of this? How can I get easy again? Well, the only way he can get easy again is if the bond market cooperates.

Has the bond market cooperated? Nope. Little bit in the last week, the two weeks. But just normal little pullback of yields after a big run. That's not cooperating. Still in a bull market. So it's going to depend on that. Have we seen the bottom of some things?

Yeah, probably. Do you know which ones? Not sure. But we see it as it goes. I can tell you today, J.P. Morgan was up seven bucks. J.P. Morgan's stock has been dead meat. Dead meat. At one time today, it was up nine a quarter.

Today finished up about seven a quarter. Volume 23 million, average daily 14, so better volume. What happened? They made some announcement about during an investor meeting or something that I guess the market liked. But is it a bare market rally? Or maybe the start of something good. After all, the stock has gone from 173 down to 117 before rallying. And by the way, that's a lot for a JP Morgan.

We're talking a mega cap financial. We're not talking like a high beta tech growth name that loses money and is down 90%. Answer is, don't know. But we build up the weight of the evidence. If JP Morgan can rally up and then when it pulls back, it's on lighter volume and it holds the low, we can talk about, hey, look at that, a stair step the right way. after all all it's done is a stair step the wrong way since the top in october and jp morgan very important company especially the financial so we're going to watch them hey goldman sax is up nine today it's

triple the price of a jp morgan and all the other most other financials are up today good so we're going to be looking at those today what about those bombed out growth names what about those destroyed IPOs. What do you think? I mean, some of them are down 80%. They can't go down further, can they? I got news for you. If an 80%er ends up 90% that's a 50% drop from being 80% down. Do you know that? A hundred down to 20 is 80%. 20 down to 10 is 50%. So all we can tell you right Now, is that we have two good, I take that back. A strong 45 minutes on Friday, a strong open today, and a pretty good day. We finished off the highs, but pretty good day.

So today's market wrap is brought to you by Investment-Models.com. That's Jim Rohraback, one of the great market timers. No gray areas with demand. You're either in or out of the market with his proprietary indicators. Go check it out. investment dash models.com up 618. Pretty good day. We were up at one time, 9, 6, 8, we're up over 700.

The good news is they were starting to tease things, and at 350 were only up about 500. Guess what they did in the last 10 minutes? They're getting good at that for two days in a row. Let me get that right. 347, 751, 130, yeah, we're only about 490, and the NASDAQ today finished up 180. I will tell you, at 347, it was only up about 105. So nice little close again today, we'll take it.

Broad market, not as good as you'd want. On the NASDAQ, it being up 180, 2596 up, 1735 down. On the NASDAQ also, may I state for the record, I look to my left at my high beta page on a day like today, we should have a bunch of 20s and 30s. I got nothing. In fact, 7 out of 10 are down today. That's not good news. The high beta page, your risk appetite page is down today? Huh.

We'll see what that means. What was strong today? As I mentioned, good day for financials. have been dead. I did a preliminary scan. Looks like, could it do better? Absolutely. What else was strong today? Energy. Saw some new highs on energy stocks today. Go look at the new yearly high list. You'll find some energy. And I think a couple may be coming out of like what we would call a 10 to 12 week range, ascending range. What else was? strong today. A better day for the commodity names, but a lot of them are weak. The coal stocks

remain strong. But I have to segue and tell you, we mentioned this last week. We told you this. The dollar's starting to weaken. If the dollar weakens, that could help the market. Why? A, it's going to help the commodities go look up why, but also multinationals. Go look up why. We want you doing some homework. Why if the dollar goes down to American multinationals doing business overseas do better? Go look it up. So you had that type of day today, what we call the stuff day. You had bounces to Apple.

It was up five and a half today. But we want you to recognize that. And the last three weeks, it dropped from 165 to 138. So you're going to bounce in a bare market. Could it be the bottom? Sure. What are odds favor? Doubt it.

What if Jay Powell turns tail tomorrow? I'm not so sure it's going to be good news because of inflation is bad and he eases that makes inflation worse, which means he has to tighten to fix the inflation. You get my thing here? He's boxed in like mixed nuts. Guess what we're going to do? Play it stock by stock, sector by sector, day by day, inch by inch. That's all.

New highs. just some oils. New lows still elevated, but off the lows, why? Because we came off the lows. Am I seeing any positive divergences? We've mentioned that to you. But you know what else I'm saying?

A lot of bullishness already. A lot of bullishness in a day. I hate that. If you're bullish, you hate that. I mean, if you're permable, you're always bullish. But you know what I mean when I say that? Bottom callers. I mean left and right.

Stop. Bare market bottoms. Usually have the masses in doubt. Usually. That's the precedent. I doubt it. No way. Screw that.

So we'll see. All we know right now is you have two good... A day and an hour. Up nicely. Very simply. Relieving some of the last... drop with the NASDAQ and the risk appetite areas still underperforming. Big time.

Up next. More. I'm Gary. This is the one only investor's edge. 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 cousins 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. 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. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Wester's Edge. With Gary Culpa.

So, in your travels, if you start to hear the word bottom too much, that would not be good news. You got that? It's the best way I can put it. If you're seeing froth in speculation already, not good. Doubt, good. Barish talk, good.

Negative talk good. End of world talk even better. That's how it goes. All we're willing to say right now, the market found another area, and particularly the NASDAQ that is so bad compared to everything else. The risk indices. found an area where it had enough.

It's the best way I can put it. Most of the market found an area on Friday that had enough. And as we said to you Friday, we put out a tweet at 2.30 p.m. when the Dow was down 500, not making this up. It would be classic to ramp this thing into the close as everybody's reporting today that we're now in a bare market.

Why? S&P 500 was intraday in a bare market. Think about that. Remember here, we are about price, but we really have a keen eye to little occurrences that are actually big. After a 2,000 point drop, the reporting of bare markets, that's their job to report it, while we already know most of the market was already in a bare market and the indices were held up,

Why would an S&P be held up better? Because then the S&P is a bunch of oils, and they're at highs. Commodities at highs. Some big, big names, not down 50%, or 40 or 30. And that's how it goes. Like a J.P. Morgan, even with today, is down 28%. So it was down more. Average stock, much worse.

Let's see. Bank America, down 28%. City Group, down 34%. average stocks and by the way those are not fly-by-nights uh Costco 30% not a fly-by-night retailer target 43% not a fly-by-night look how the average stock so much work Walmart and the Dow 24% all worse than the 20% and then you got the defensive names big defensive names proctor and gamble only down 12% Merck defensive 8 tenths of a percent off the highs.

Johnson and Johnson, 3.9% off the highs. That's why the indices always perform better than the individuals, normally. Businesses are slowing investment. I'm hearing stories out of Amazon. They're looking, and this is true, leasing a lot of warehouse that they're not using anymore. People working in Amazon are going up on Twitter and stuff and saying, I got nothing to do at the warehouses. that's slowing business.

And Amazon stock has been on the weak side. Slowing business. Slowing business. We'll see what it means going forward. We'll see if it lasts and if it deepens. Not sure yet. One of my drivers, when I was in New York City, I got into great conversation with.

It's exact words to me. And this is not a, you know, you think of a drive. Educated, does real estate, wife's a vice principal says to me i think i told you this friday says to me i don't even know what discretionary spending is anymore hmm now he's just one person but you got to believe many others think in the same way making decision making choices we're hearing from these uh the targets and the walmarts that people are now choosing generic buying less up they can tell believe me these people are geniuses they are monitoring everything decision making has been changing the

question is does it last this is a one-time thing these are the things that we're watching closely and the market's going to have to account for but for now we've rallied up because market was trashed simple as that on this last go round the nasdaq went from 12985 to 11 035 in a few days of course it's going to rally eventually somewhere. So that's all I can say right now. We'll take it. You'll take it. I'm happy. Now let's let the market prove itself. What has not proved itself is these central bankers that just don't shut up. They're out every minute of every day. Just telling you that everything's going to be fine. But if this happens, we may do this. If that happens, we may do that. You know what's going on now. They're just praying. They're so lucky they're.

have us and our smarts and our hard work and our ingenuity they're so lucky to have our businesses they're the worst they're nightmares they are our opponent they are our headwind they are the interlopers they are the ones that refuse to let free markets be free in economy to get going they're the ones that created all the distortions all the nightmare scenarios all the bubbles all the bubbles popping. And amazingly, somehow they're Teflon-ish. The worst of all worlds, Jake Powell got renominated. I don't know how that works, how that happens. And the worry is they're going to continue. You know, they're 0 for 100 in their predictions. I hate to see if they're 0 for 110 what happens with the already fragile markets. If the markets do go higher, it ain't going to be

because of them. It's going to be because of you and I and the businesses of this country. We'll keep informing you. But guess what? Another good day today? Not so sure just yet. Down 2,000, up 1,000, up 1,200, on just a leg to the downside. We'll take it. You'll have a great evening drive carefully. When you get home, do like we do, it's quite simple. I did it all weekend. Make sure you hug your family. Make sure you hug your children. They will feel better.

You will feel better. Wishing you all well. Until tomorrow's same time, have a great evening. 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.

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.