Investor's Edge with Gary Kaltbaum - Rough week in review

Episode Date: October 20, 2023

https://garyk.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. Well, I don't know what order I want to do this in. I think I need to do it in the order of importance to you and the markets and your money. we have highlighted for you, not yesterday, not in the last few days, but weeks and weeks and weeks and weeks of deterioration in the stock market.

Telling you things, showing you things while some weirdos are going on TV and calling it a bull market. New yearly lows skyrocketing while the S&P 500 isn't even close. Russell 2000, only 2,000 stocks blasted. Sector after sector, stock by stock breaking down badly. As we have explained to you and you assume we have good eyes, downtrends in so many things. and every day you hope for it a change. Let's have a change. Let's make it better.

And Monday and Tuesday of this week, you had two very good for the first time in a while, broad market days. But we stated for the record, does not change the downtrends, but we'll take it. A downtrend is simple. You just draw stairs steps down.

Until it stops. builds a floor and instead of down two up one you start getting up two down one but the problem is that in the last few days

it has really worsened after Tuesday I've personally seen nothing but yuck to the point we're really the only things

showing some relative strength or gold, even though the gold miners are not keeping up with the metal. Oils, but mixed. Some uranium stocks. And a smattering, some insurance stocks, good, defense for obvious reasons.

And a few software security stocks. But all the indices were trading, have been trading in the stair step down. notwithstanding the Russell Horror Show, utilities, midcaps, small caps, China, emerging markets, Brazil, the IFRA index, airlines, cruise lines, drugs, hotels, solars, big banks, small banks, regional banks, investment banks, restaurants, economically sensitive everything, most retail, housing, anything housing related like the Home Depot and Lowe's. Every day we're seeing 700 new yearly lows, eight new highs. And every day we're looking for better. Well, today, an even bigger problem.

What we have also told you is the average stock is so much worse than the big indices because the top seven or 23% of the S&P 500 and 40-some-odd percent of the NASDAQ 100, but we have posed the question, what if they get them? Well, the fact that the matter is, if they do, there comes the big indices. You will not be able to hide out any more in the S&P and the big tech. Next week is another week. Lots of earnings to come out.

I am very worried about a big loss of traction in the all-important technology area where trillions of dollars have been parked for whatever reason for their dependability, especially in the mega names. The market just lost Tesla on declining earnings and a big deceleration in sales.

The market has lost Nvidia right now, and if it breaks 400, that worsens. And that's on huge numbers. there's nothing going on with Amazon and Microsoft and Apple. What's been holding up? Google, Facebook, Adobe, Broadcom, some software. They're getting them now. And I'm just letting you know the NASDAQ is on the verge.

Don't believe me, go look at the chart as it's about to take out the lows of September. making a lower high, failing right at the declining moving average that we always talk about. The 200-day moving average on the NASDAQ is about 2% lower. The last breakout on the NASDAQ is about 750 points below. Again, we have all the earnings to come out. If the next few biggies gap up like Netflix could change the point. playing field for the big indices, ain't going to do anything for the small. Because software, they came after that today. When you have a chance, you're going to look at the IGV. That topped

out. The software security stocks that were holding up, they trashed them today, to a certain extent. And all we can tell you, another horrible day in the market. The Dow's trading below the two 100-day moving average. The S&P sitting right on it. But that's just big stuff. The average stock, 931 New Yearly Lows today, even though the S&P is not near last October new yearly lows, telling you how important some of the mega names are.

We never predict crashes ever. What we say is They have the makings of If this is taken out If that is taken out If this is taken out If that is taken out We're just letting you know

If the indices take out The last few weeks lows The big ones I'm worried Now I'm not talking about 87 that happened in a day. That doesn't happen, but we can define crashes. Well, Carnival Cruise has gone from 19-5 to 11th since July.

That's a crash over a few months. We're just letting you know the ice got even thinner today. And I'm really worried about the institutions recognizing what we've always already known. The great news is we're getting 5% on our money. Two years ago, we were getting book yes, which takes me to the other part of the equation. Jay Powell doesn't know what the hell he's talking about, what he's doing. He has no clue whatsoever. He is at fault. He is the problem. He's still got his job. I told you yesterday he sat there, nonchalant. We're good. Everything's fine. I'm go home and smoke some weed.

No, he's not. Who knows? He should. The market is becoming undone here. The market has becoming undone. We'll be here each and every day to highlight the market becoming undone. What do we mean by undone? You're ready for some undone? New yearly lows.

Pfizer, Regents Financial, Morgan Stanley, Juniper Networks, Alcoa, Invesco, Southwest Airlines, Bank of Nova Scotia, American Airlines, AlbaMarl, PayPal, Chewy, JD.com, Nordstrom. Do I need to continue? Because there's almost 900. Goldman Sachs, Thermo Fisher Scientific, Walgreens. Up next. We're going to continue with the.

list to make the point. Sorry to give you the bad news. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs. All to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. 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 888-5-5-9. That's 888 4-2-5-9. investment advisory services offered through Colbaum 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 VentureX card.

Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000, airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital One.com for details. 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. 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.

Oh boy. You ready? New Yearly Lows, Texas Instruments, Arm Holdings. That's that IPO they just came out with. Canadian Solar. T.R. Price. Beyond meat. I hope you listen to us on that. Northern Trust. GoPro. Like that matters. The market's already tipped over. It's not going to take much to worsen it. And for the record, when Jay Powell was able to, every time the market got in trouble, he started printing money like the ass that he is that caused all this. He can't now. Why? Because the printing money caused the inflation and he's the inflation fighter now.

Nothing he can do. Can he lower rates? Sure, but here's a problem. If inflation is still a problem and he lowers rates, all he's doing is lowering his Fed FUDs rate, that may skyrocket the 10-year yield into thinking. He's no longer fighting inflation. So the 10-year yield goes the wrong way.

We'll let you know if things change. It is darn ugly. and it really worsened today with the Dow down 286, SMP 53, NASDAQ 202, NASDAQ 1202, advanced declines, 1,800 up, 2,800 down on the New York, 1280 up, 2,800 down on the NASDAQ, 931 new yearly lows, I don't have any new yearly highs, and this all happened with the 10-year actually down today. And usually we would tell you, well, now, you know what we do. we continue to stay on top of the things that hold up best. But they're starting to get everything now. As we go into earning season and to be clear, next week, you ready?

Monday. 3M in the Dow, bare market stock, Coca-Cola in the Dow, bare market, all the consumer staples, Danaher, Dover, Dow, Haliburton, G.E. GM, New Corps, PACR, Sherwin Williams, Spotify, Verizon in the Dow. After the close, that's Tuesday, Google, Microsoft, Texas Instruments, SNAP, Visa in the Dow, waste management, Wednesday, Boeing in the Dow,

ADP, CME, Hess, Hilton, Norfolk, Southern, Old Dominion Freight, Otis Elevators, Rider, Trucks. after the close IBM KLA 10 Corps Landstar Facebook who by the way Facebook's estimates are really strong service now Terradine United Rentals World Pool Thursday

Comcast Bristol Myers MasterCard Honeywell in the Dow Merck in the Dow North of Grumman Royal Caribbean Seagate Tech UPS Intel well, this is after the close Thursday. Amazon, Capital One, Chipotle, Decker's, Ford, Intel, Juniper, Skechers,

Texer, Texas Roadhouse, Friday, Tiro Price, Chevron, and Exxon. So we know there's a crap load of earnings to come out. I believe Apple's the week after. I think. I better check that out. Doesn't matter. The dye is being cast. The market is worsening.

And may I say, in a pretty vicious way. And again, you know we're very careful with our words. I got Apple November 2nd. We're very careful with our words. The average stock, which has been so much worse than the big indices, is getting clonked. They clonked them even more. And now they're starting to get the big indices.

Because some of the big names are coming in. With the Russell 2000. At New Yearly Lows. At New Yearly Lows. We're not making this up. The Sox, the Semiconductor Index, closed at 3316. Better not break 3310, odds favor it's going to. And then there's the housing.

Remember, everything Powell did was distortions. everything. He interfered with the free market and now nobody's selling a 3% mortgage. And you know what that's going to do? Or already's done. Bubble. What do you think that is going to happen with thousands of people put their houses up for sale and can't sell because they're in fantasy land of prices? Stay tuned. If things change, we'll let you know. But it was gross. the things I want to cover. I just want to mention SEDG. This is one of those solar stocks. It's gone from 346 to 82. It was just 289 in July. It's 82. Four analysts downgraded it today. Two of them have had it since 300. What's my point? Dudes. Watch your stocks.

We won't mention names, but the analyst community is famous of not having a clue about bare markets and bearish markets. And not until they're already blasted do they change their stance. I want to mention this, and this is great news with a proviso. Notice the big word. Hamas has freed two. hostages. A mob and a daughter. They are now safe. Amazingly, Hamas, these animals, we're doing it for humanitarian reasons. The people that beheaded infants, and by the way, they did, shot them in the head, burn families alive as they hugged each other, murdered 1400, kidnapped 200,

From 30 different countries are now all of a sudden humanitarian. What we simply need is disarm them. Put them in a wrestling ring. Put them in the ring with the big show. We'll see what happens. Up next. Lots more. I'm Gary.

This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect. fit that stays put all day. Their zero-chafe thanks to four times more stretched than competing brands and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com

Code Comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster.

The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltbaum.

It comes highly recommended. You're going to feel better if you talk to him. And they laughed while killing people. It's on video. One of the families, while killing them, ate their food. Seriously. We need to find them, disarm them, put them in a ring. Who do you want to put them in there?

Well, we need to get the old Abdullah the butcher. The old chic, who is great at throwing fire. Mick Foley in his heyday. The Big Show. King Kong Bundy. Wait about 500. Just remember, you see these people? They're cowards.

They're wimps. They couldn't be without their weapons. I will tell you the Israeli women would beat the crap out of them. But the good news is to have been freed, and let's hope it leads to more. That's all we can hope is that it leads to more. My expectations

in the next few days they're going in and the ultimate outcome is there's going to be a blockade on Gaza and you know who Hamas hurt the Palestinians that go to work every day in Israel.

Now, I hate fire. The good news is, I think, people that praised Hamas are getting fired. People that were video taking down posters of the kidnapped are being fired. The morons, these ass clowns running these colleges are losing billions of dollars of philanthropy because they used to whine and complain. If somebody didn't say a pronoun right, but didn't whine and complain, when mayhem and murder of the Jews. So the colleges, rightfully so, is getting kicked in the grapefruits. I have yet to see one of these clowns fired, though, who run these colleges. And for these people that are praising Hamas and yelling from the river to the sea, I bet you they couldn't even find Israel on a map. They probably spend their days on TikTok dancing around.

I say screw them. Some people cannot be helped. You couldn't even talk to them. It's like playing tic-tac-toe. You can't win so you don't play the game. I saw that young lady, what's her name? She's the climate girl from Sweden or one of those countries. She did it.

And she put out a stuffed animal, which is pure anti-Semitism. Oh, now she's... I got to tell you, Marxist, anti-Semitic Jew-hating schmucks. They used to even hide themselves. They don't do it now because I think they think they're safety in numbers. But as I stated yesterday, while these idiots are out there protesting against victims and praising animals, while they're doing that, the majority are mourning and moving forward. So let these people whine and complain and be stupid. They can kiss mine. I would never believe there were that many of them.

what can I tell you? What can I tell you? Here in central Florida, a couple of times in the last six months, a bunch of Nazis stood at the top of I-4 with Nazi flags. What are you going to do? Talk to them? Teenage girls praising murderers. When little do they know that if they were at the festival in Israel,

they would have been raped and murdered. But no. Screw the victims. They will get no quarter from me. We move on. The good news is two people, two women, a mom and a daughter were freed. I cannot imagine the nightmares that they are going to have for the rest of their lives. Other news, I got to bring this up.

Anybody know who Mark Goddard is? I used to love Lost in Space. He was Major Don Weston Lost in Space. He died in his 80s. Everybody's old now. As I get old, everybody's old. You hear about people that are done. He's 85?

How to bring that up. May he rest. Danger, danger, Will Robinson. We segue back. I wish I had better news. When I say the market is coming undone, it's coming undone. And I can tell. It's worsening.

bigger names are joining the smaller names. I have all my screens set up to show me, easily able to see them. I ended up with three mega-cap stocks coming into the end of last week. Sold two with a profit, one, I think I lost five cents. And that's it. A bunch of transferred stuff in. I've been lopping off mutual funds and stocks. The market is coming undone.

And again, if things change, we'll let you know. But man, oh man, today. And I will tell you, they were down 200, down 200, and the market rallied to down 80 and down 80, and they sold it right back down. The Dow finished at the low of the day. that ain't no hill for a climber and the worry is i'll just put it in one little nutshell apple is still trading at 30 times earnings forever hits average price earnings multiple is 15

and their earnings are flat to down now and i do know their estimate for this quarter will be up year over year about 5%. they'll probably end up beating still not great we'll see we'll see see what that brings. Wish I had better news. Today, it was not Aunt Mary and Uncle Bob with selling. It was the institutions. And I don't think they're done. And to give you an idea how big things have been,

NASDAQ's still up 24% this year. Take out the seven names? I'm pretty sure it's down. Russell's down 4.6% this year. The S&P midcap down 1.5%. The Dow is down. It's been mega. Not even Big Cap.

It's been a select few megas. And they better keep them going. They better Netflix them. Let's put it that way. Netflix with the big movie yesterday. I'll be headed for New York City tonight. My father's 92nd birthday today. I have a little bit of cold, if you can tell.

So I'm going to stay far away from him. 92 92 and he's out of the hospital and he's out of rehab whining and complaining about everything especially the Giants who should have won the last game

so we'll have a little party for him and I'll be right back on Sunday quick trip up quick trip back we already put out a little webcast we did one between 3.30 and 4 we'll have a bunch more this weekend showing everything that's going on if you do not get our webcast and you know we don't market ourselves

go to garyk.com and sign up one month you don't have to pay you can leave in a month and you get a webcast shows you everything we're saying up next take it to the weekend this is the one only investors edge guys it's no use putting it off the best time for an underwear refresh is now Tommy john underwear is designed for a perfect fit that stays put all day there's Zero-shape thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,

and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com.

Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Edge. With Gary Culper.

And what's got to Investors Edge? that's the low and AP 5A and we're done the week which ended poorly on the week

Dow finished down 0.61% the month is only down 1% the S&P on the month 1.5% on the week 2.39% on the week the NASDAQ

3.16% on the month only 1.78% the NASDAQ 1001% for the month on the week 2.9% the transports hmm for the week 1.69% for the month 3.46% which takes me to

the other part we're gonna rally into the end of the year. No, we're going to rally into the end of the year. Oh, seasonality this, seasonality of that. We're going to rally. We're going to rally. We're not. As of yet, be careful. And one other thing you should be watching is the VIX. It's this thing called the volatility index. Don't even let me explain. Just to put it in a layman's, which really is all I know, the higher it goes, the more volatility in the market to the downside. When it really spikes, that means, uh-oh. I can tell you, it's kind of on the cusp. No, not kidding. When you have a chance, go look. Will you do that? I want you to go look. It looks like it could. Moonshot here.

not predicting, just outlining. Haven't I harshed your buzz? Ladies and gentlemen, I'm your best friend. And the simple reason is, ain't nobody on Wall Street does what we do. Nobody on Wall Street has the focus that we have. And in the in-depth study of bull and bear markets, nobody puts it out live and on air

and tell you what to avoid and where the leadership is, and when things change, stay tuned. Markets on the ledge into earning season. While Janet Yellen is telling us, economy's fine. Everything's great. Inflation's coming down. It's all good.

Judith and Natalie Ranan, mother and daughter from Chicago who were visiting Israel, were let go. Excellent. Other news, Fed Chair Jerome Powell's signaling, No more interest rate hikes this year. No, excuse me, next meeting. Doesn't matter.

You could talk blue in his face. In the news, what I tell you about the Republicans? Matt Gates equals Dufus. Never met him, nothing personal. But part of the Republican Party, there's a rule. When you're a lawyer, never ask a witness a question, you don't know the answer to. Like the duffices during the O.J. Simpson case, letting O.J. Simpson put on a glove.

And of course, what is he going to do when he puts on a glove? It's going to make like he doesn't fit. If it doesn't fit, you must have quit. And what is the other rule? When you are making a big, gargantuan decision, you better know. what the outcomes, the possible outcomes can be. Matt Gates thought he was cute. Look at me. Hey, hey, hey. Well, we still don't have a Speaker of the House,

and the Republican Party looks like Dufuses. Matt Gates forgot. He should have known that somebody else was going to win and be the next Speaker of the House before he got rid of the Speaker of the House. Now, Matt Gates, his big complaint was, look at the debt and deficits. Yeah, but he voted for the crap under Trump too. So he has no cred with me.

So that's going on. In the news. And I don't get it. Biden does a speech last night. He's on a beach in Delaware today. Do you believe how stupid he is? Do you realize if he was a Republican, that the media would be destroying him from being on a beach.

This weekend in Delaware? Sunning himself while all this stuff is going on? He's so lucky he's in the Marxist party. I wrote to the New York Times, didn't get answered back, told them what a bunch of cretons they are. Where's the headline? Totally retracting their headlines. Haven't answered back.

Huntington Bank shares closing 26. branches, including nine in Michigan and Minnesota, we're going to see a lot of local branches shut with a lot of banks. Trust me on that. If you work in a branch around the country, make yourself quite not disposable. And that's our week. We deal in reality here. Hope you're listening.

You'll have a great weekend, drive careful. Happy birthday to my dad. Heading out on Delta tonight. Until Monday, when you get home, make sure you hug your family. Make sure you hug your children, unless you have a cold. We'll see you on Monday.

Thanks for joining. Appreciate your time. Good night, all. Peace out. 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 CodeCompert. That's Tommyjohn.com. 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 is subject to change. See Capital One.com for details.