Investor's Edge with Gary Kaltbaum - Setting Up [09.04.2025]

Episode Date: September 4, 2025

https://garykaltbaum.com/

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

or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. 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 Kaltbaum, your host day.

Thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Thursday. It's September 4th. It's 2025. Hope you're having a good day. As always, lots to cover. In case you don't know.

this is serious talk on everything affects you. We're going to do the markets, the economy, your job, your industry, them, you know them in D.C. And what everything and anything else that gets in our way, we'll cover. But kind of sort of, I'm not going to call any day a special day, but we're going to call today a setting up day. We'll explain in a minute. And if you do not get this radio show in your city, we'll post it at garykhae.com. We'll also post it on our Twitter feed. No, no, no, no, no, no.

It's X feed. And if you don't follow us on X, you should. We'll also post it on a busy YouTube channel and all the podcast apps. And if you'd like to email me, just be nice. Let me one more time. On August 24th, my dad passed away. as you know, I've been talking to about my father for a while and 93 years old. I am still getting email after email after email from people.

People I don't even know. So a big, gigantic, I don't even know. Thank you to all. Amazing. Just amazing. All right. So, yesterday at 1 o'clock, we're getting right into it. I was watching the banks and other financials starting to drift towards support. And I will tell you, very simply, I thought the financials were getting in trouble at 1 o'clock yesterday. By 4 o'clock, they had reversed nicely holding very good support areas. We have been hearing now for a couple of weeks, and I've told you this, that September is usually a week month. But we've also told you, yeah, but, you know what the but is,

you have a central bank that's about to lower interest rates, the Fed funds rate. You have the president of the United States calling for 1% Fed funds. This is easy money. And markets typically love easy money unless we're going into a recession, contraction, whatever you want to call it. but we've also said that there is no way, and we mean no way. I think I mentioned this yesterday. There's no way we're having a recession or a contraction. And we told you the reason why that throughout history, our study of bull and bear markets,

markets always cave in in advance of economic strife. It's simple as that. And as we tell you, we get our information from what the market gives us. One of the great examples recently was me coming on this show and saying to you, be careful about IPO's initial public offerings opening hot because every one of them are crashing. And guess what? Every one of them continue to crash. And again, that is just taking the information that the market is giving.

For example, the latest one today, well, it's not the latest, it's just the continuation. Symbol fig dropped 20% today to $54.55. But it just came public, what, four weeks ago, they opened it around 84. The next day went to 142. It's 54 bucks. And may I state for the record, it was talked up.

And then I mentioned this other one. Believe it or not, they named the stock bullish. It's called bullish. It's the name of the company. And they opened that one up at a hundred and three. 30, close that day at 65, it's now 49, getting the information from the markets.

So as we have said to you, there's just no way. Recession, contraction, we'll know if the market gags. But let me just tell you what happened today. I'm going to describe it for you. First off, in the last couple of days, support levels have held it. What is a support level, just an area that has proven it doesn't want to go under the price over a certain period of time and usually at the same level or a breaking of trend. In other words, you draw a line from 4 o'clock up to 10, right? 10? No, 7 o'clock up to 1 and then you break that.

Well, held yesterday. So let me describe today. First off, the Dow is up 350, which is not the biggest of deals. What is about three quarters of percent? But the Dow held the recent 45,000 breakout in the last two couple of days. And by the way, both of those days were reversals to the upside. But that's the Dow. What else happened today? The NASDAO, was up 209. The NASDAQ 100 was up 218. What's happened in the last two days? The NASDAQ and the NASDAQ 100, two days ago, was downmarkedly, reversed off of what area? What have we told you? That all-important 50-day moving average? Yesterday, bounced. Today, had another good day. And what else happened today? Let me describe J.P. Morgan edged out into new high ground today. You think J.P. Morgan's important? Now, once again, when we tell you these things, we don't know what tomorrow brings. Markets been choppy. We'll see. On top of that, Goldman Sachs, which held perfectly the last two days, up two and a half percent today. City Group, on the verge of breaking out to the highs. Morgan Stanley, on the verge of breaking out to the highs.

Bank America, on the verge of breaking out to the highs. These are just big banks. They're meaningful. They matter. It is one of the two groups we tell you to keep an eye on. So those are the banks. and by the way, the weak regional banks are better. Certainly not as good as the bigs, but better.

And what else? Well, the semiconductors have been under pressure. But held, and I believe we mentioned yesterday, 5500. Up 75 today, 5667, back onto the 50-day moving average, and some of the weakest names had the strongest days today. One of the real weaklings of recent was K-L-A-C, an important name to watch, up $29 today. Needs work. But if weakness is bought, what do you think?

Strength does. Let me describe some more today, Russell 2000. Good day, stare stepping up. Housing related, good day, stair stepping up. What's going on there? Well, the 10-year went to 4.176 today. What did we tell you was looking to maybe happen? Lower long-term yields would be huge.

And you had another day today where the 10-year dropped to 4.176. And by the way, that edged below some important area. And oil prices dropped again today. And what did we tell you yesterday? fundamentally, there's pretty much nothing more important than energy and cost the capital yields going down. And that's what we got the last two days. And the market now is set up for some more legs to the upside, or at least another leg to the upside. Based on what I am seeing, notwithstanding, guess what?

News events. You know, we got a jobs report tomorrow. we got the president threatening more tariffs on anything that moves, so you never know. But it's setting up. What else am I seeing today? There's more. This is the one 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 complimentary portfolio review. The number to call is 888-422-559. That's 8-8-8-4-2-5-9. That's 888-4-2-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna.

And I asked him, how can companies use AI to its fullest potential to create smarter business. My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software

30% more productive today, with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out

all our learnings, including what needs to change in the process, because the biggest change is not technology. It's getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. At CVS, it matters that we're not just in your community, but that we're part of it.

It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by store. We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times the points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for

automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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. By the way, I'll tell you what it's not going up. Lulu Lemons down 26 bucks in the aftermarket to $180. They lowered their guidance. And, you know, we're no retail geniuses. My father was a retail genius, by the way.

I don't know if you know this. My father started as a buyer for A&S's, Abraham and Strauss, ended up at the end. He ran the NBC stores, Power Flight, bats and all kinds of stuff. Woolworth's vice president. Anyway, I'm no retail genius, but I've wondered, and I've told you this. I've rarely have gone into a Lulu Lemon store.

But I've been in a couple of times and I was looking at prices. This was a couple years back. And I was like, wait a minute. So I went into a Walmart and a Target. And I noticed the same stuff was much cheaper. And of course, there's different brand names and stuff like that. And I was just wondering, and I said this to you, wouldn't a price conscious consumer and Lulu Lemon stock has been trashed? It's going to be a tough road.

That's all I can tell you. Price conscious consumers, we'll see how it plays out. I don't know if you know this also, but a lot of watches. You know how these real, very expensive watches? You know, they've been going down big times. You know, diamond prices have been crashing too. I don't know if you know that. I've been reading up on that.

And I noticed like LVMH, they are big luxury goods company. Stocks down from 160 to 116. Maybe something going on, I don't know. But back on point, what else today that I just notice? Let me just describe it for you. A boot barn. I've never been in one. But they do operate.

It says here 459 stores in 49 states. Western and work-related footwear apparel and accessories. Stock broke out today. Volume wasn't heavy, but it broke out today to a yearly high. And revenues have been in the teens year over year. Boot Barn What else? Burlington

has not broken out yet but at the tips at the highs they've been growing sales anywhere between 5 and 10% BootBahn, Burlington

American Eagle Outfitters up 32% today let me make sure of that number no, it has to be more than that how about 38% today up five bucks to 1880 in case you don't know the story there you know the uh i looked it up

sydney swiney is the young woman's name very i guess a very popular actress and uh she's been doing ads for american eagle outfit and she they they accused the ads and i did a thing on this for you guys and i talked about it on tv they did ads uh and they were accused of being racist and white super premisesist. And you had a professor on that crazy channel, MSNBC, who calls you racist 24-7. I don't know how anybody watches it. I mean, imagine turning on TV and they're calling you a racist. So they had this woman on there, a professor saying there was Nazism in the ads. And I'm looking at, I watched the ads and I didn't see any jackboots. I didn't see anybody yelling Heil Hitler

with their arm in the air. I didn't see any swastikers. Yet they actually brought on a professor to say, nuts. This sicken the freaking mind. Anyway, there's this whole story, you know, the woke versus the non-

so the non-woke as they say it, and I'm not, you know, I'm just telling you, the report in the news, got on this thing and I guess they're selling a lot of stuff again. Much better numbers and the stock went

boom to the upside. Always good to see success stories. Naziism. People are insane, man. I don't know where they get the ideas from. It's amazing to watch some people. Anyway, so some retail, Ralph Laurenne

into new high ground. And then as I'm mention housing, ITB, XHB, the housing related like William Sonoma, Pool Inc, restoration hardware, all that is based on one very important aspect. And do you know what that aspect is? Central Bank lowering rates. So very good day. We'll see how it goes, but very good day. tomorrow's another day we have not moved into new high ground yet in the markets

but certainly setting up to do it the S&P I think is right there the Dow is right there the NASDAQ after coming in back near it the old high was 21803 it's 21707 NASDAQ 100

a little bit farther away and broadcoms announced earnings after the close it's only it's up four bucks in the aftermarket the 310 but anything up is a good thing even though what's funny is the first thing broadcom did was drop

it was down seven bucks now it's up four bucks we'll see how it plays out they only beat by a little bit but uh you know I'm more or less watching lulu lemon actually dang and broadcom's important It's 310 right now.

A better day. But just a strong day in the market today. Just a strong day. And when I say the word set up, there's some good growth name setting up to bust out. Amazon has been weak. No news. I didn't see any news today. Jumps off the 50-day.

Look, set up to break out. Set up to break out. Doesn't mean it's going to, but set up. Netflix has been weak, jumped right back above the 50 day today. And definitely much better potential for that one. Meta, not so great, but bounced off the 50-day move-in-average day. The institutions were definitely working hard. And some other names also.

So the setup is there. And we'll see where it takes us. And again, lower oil price. prices, lower real interest rates. By the way, Broadcom just dropped 10 bucks in the last 30 seconds. Oh, no, it just rallied up four bucks. By the way, I'm not making that up. That's how crazy aftermarket is. I'll shut up now. So let's put the pieces of the puzzle together. Good move in financials today. And I repeat, at 1 o'clock yesterday, I was worried about them. Up next, as I said, putting the pieces of the puzzle together.

That's up next on this, the one-only investor's edge. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them. Pick areas you can scale. Don't pick the shiny little toys on the side. For example.

If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind it. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings,

including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. At CVS, it matters that we're, We're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night. And we want everyone to feel welcomed and rewarded.

It matters that CBS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cvs.com or just come by our store. We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times the points.

Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions.

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. By the way, it's so fun to watch aftermarket. The craziness that goes on. But Lulu Lemon is now down, oh man, 30 bucks. Oh, well. Anyway, so you got financials much better day today setting up. Retail, much better day setting up. Housing related, much better day and the things you put in houses setting up.

The economically sensitive stocks were getting trashed yesterday right back up today. The semiconductors have been very weak, but finished very weak. very nicely by the close today. And all this talk about a week September? I'm not so sure about a week September, ladies and gentlemen. That's all. And I say that telling you, Salesforce.com was down 12 today in the Dow. Was up down 20 at one time.

And other software stocks on the weak side. So again, without getting crazy because we have another jobs number. Oh, by the way, they had the ADP number out, and it was not good. The job market's softening. Why would the market go up on that? Easier money. A more of a guarantee that the Fed will cut rates. And the market likes easy money.

Now, as we stated, if we go into a recession, if the market will signal us, it won't do what it did today. so just letting you know new yearly high list picked up a little bit I was writing things down but when boot barn I'm going to have to go visit one of these places

and as I mentioned housing Home Depot their numbers aren't that good Home Depot it looks like the housing related and housing came out of its bearish phase starts to turn up

and you never know what comes of it. We'll see how it goes. I also want to mention a few other things on the market today. How about NeoNode? Never heard of it. It doesn't matter what they do. NeoNode. A basically no sales company that loses money.

NeoNode. And again, we're not ripping on the company, but it's been trading since 2000. and still basically has no sales. I haven't even seen the news, but it was down 72% today. It traded 92 million shares. Average daily volumes only 300. It traded about seven to half times its float.

Neo note. I'm just bringing that up because be careful. By the way, it got downgraded. Let's see what they said. Patent lawsuit settlement. They're receiving $15 million in the settlement, but that's it. I guess they were supposed to get more.

It just comes back to just be careful about companies with no sales. When the bare market hits, they're all going to drop 80, 90%, I'm not a genius. It's just what happens in every freaking bare market. Companies that lose a lot of money. Companies with no sales. We call it crap.

And again, we're just talking about sales and earnings. That's all. Companies with no sales, I've always believed, why are they trading in the market? When I start in this business at a penny stock firm, our penny stocks had a couple of million in sales. These companies are trading at 10, 20, 30, 50 bucks and no sales, and then you got some things that are trading ridiculous. So just be careful. Wall Street has its way of foisting onto you a bunch of dog crap.

Nothing against the dogs, of course. And it's a shame. We hate it, but they won't stop. A little bit in the news, there's a move of foot in Washington, D.C., so the politicians can't trade anymore. And I'm thinking to myself, I don't agree with that. Why shouldn't they be able to trade? What they should not be able to do is illegally trade. You know, I would go to jail for the things they do.

And that's why I have no respect for them at all. And there's actual apps now that you can follow their trades because they're making so much money because they're trading on inside information. They're scum. The people that do that in D.C. are scum. And the reason why they are trying to get them to not trade is because they're scum. If they would just do it correctly, meaning you can't try. trade on inside information, there wouldn't be a problem. But they're scum.

And I just wanted to let you know. Also, got to bring it up. So, you know, the Trumps are taking advantage of the presidency, the Trump family. By the way, I'd say it to their face. And they're saying, well, we're in business. We are private citizens and stuff. And you know what? They're right.

So I'm really not complaining about it, except, be careful. I don't like the fact that they're crypto this and crypto that and they're into crypto businesses while they're promoting crypto like crazy from the White House. I just think that's wrong. I'd say it to their face. Just letting you know, I'm not even going to mention the name, but I guess the brothers are now have a net worth because they got a company public or they merged it. And I'm not even going to mention the name. It's a company with hardly any same. It's a company with hardly any sales, but has to do with Bitcoin mining. And I just want to let you know, I think they did the merge yesterday, and it was as high as

14.5. It closed at $6.41. By the way, I hope they make billions, you know, but it was down 20%. Just be careful. That's all. Remember, DJT? That's the Trump media. And we warned you about it.

Not because of Trump, but because of valuations. Well, it's gone from 170 down to 16. And again, we did it with Beyond Meat. We did it with Rivian. We did it with all kinds of ridiculous valuations and GameStop and you name it. We would, just valuations. You wouldn't want to give me a $5 bill for my $1 bill, would you? that's all I'm trying to tell you.

And it just so happens. The president's family is really driving to the hoop on a lot of these things. And let's hope they do it right. But I do have an issue with the promotion of certain things and getting involved with certain things. It's not thrilling to me. But again, maybe I'm just jealous. What can I tell you? that's a little bit of this, that, and the other thing with the market.

Good setup going forward. We'll see what the jobs number tomorrow. I wonder if the jobs number is good and yields go up, whether this rolls backwards. I don't know. All I can tell you, it's a little soft out there. I know the president says we have the hottest economy in the world. Nah, not true. But I will say this.

The American people and the American worker continue to. kick butt, regardless of who's in the White House. Just remember that. Nothing's going to stop. Our gains in productivity, our gains in medical advancements, technological breakthroughs, that's not going to change. I'm pretty darn sure that. And I don't give much credit to government.

Republican or Democrat. I give all the credit to the hard work of each and every one of us and whatever we do. Up next, news of the day. Updates. This is the one only investor's edge. Hello, I'm Malcolm Gladwell,

host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential? to create smarter business. My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side.

For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today with the goal of being 70% more productive. Yeah. Wow.

So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology. It's getting people to accept

that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night. And we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters.

So visit us at CVS.com or just come by our food. Store. We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-San, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive up and go pick up or delivery. Restrictions apply.

See website for full terms and conditions. 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 welcome once again to Investors Edge.

Broadcoms up 10 cents in the aftermarket now. It's a $306 stock. That's pretty funny. A little word to the wise. Whenever it happens to me, I just mention it to you. I got a text today about how my, what was it? My Coinbase account has been invaded or something and click on this and this, that, and the other thing. I don't have a Coinbase account.

Y'all be careful, right? when you get a text or an email from these Joey lunch buckets on something where your bank account this or your bank account that or your Verizon accounted, nah, never click on anything ever. Do you know I once got this phone call from somebody that wanted to get on my computer, that my computer was compromised and it was easy to figure out they were trying to get

to my computer, they're able to get in there if you let them and find the passwords and all kinds of crap. And I remember I told you the story, I think a long time ago. I had a guy call me up and say that I won some lottery and that if I would send, what was it, 4,500 bucks, Western Union, the some guy in Boca Raton, they were going to send me 10 million bucks. And I made like I was an idiot. And oh my God, oh my God, yeah, yeah, yeah, yeah. So how do I go about it? And I kept them on the phone. I decided to keep them on the phone for like 20 minutes.

And finally I said, you know what? I have a great idea. What's your name? He didn't want to tell me. What's your name? I'm going to give you 100 grand. So what's your name? What's your address?

And she's being so nice to me. And you know what? Instead of me send you to 5,000, I'm going to send you 100 grand soon as I get this month. money. And, you know, he was like, blah, blah, blah. So finally I said to him, I go, look, he sounded young. And by the way, it sounded like they were from another country. And I said to him, is this what you're going to do the rest of your life? And he started, he kind of like laughed a little. And I go, really, you sound young. Are you going to try and screw people out of their money for

the rest of your life? Don't you want to do some good things with your life? I tried to talk to him as a dad. And what's funny was, I actually got into the conversation, and he told, I forgot what country was from. But he said it's the only way they can make any money

because the economy is so bad that I forgot the country he was in. Moral of the story, don't hand over your money to crooks, con artists. And they're out there in so many ways. You know what the big thing now is? Is they're calling you up

or they're emailing you on crypto because it's the crypto thing. Crypto this, crypto that. No one is so generous that they're just going to hand things over to you. You got that? Especially people you don't know. And I know I've done this,

I don't know, maybe a couple of times a year, but you know when I do it, when I read stories of people losing their life savings for this stuff. I read the other day that, a woman gave $350,000 to somebody. It was, oh, that's right. It was a soap opera star from General Hospital, the guy who plays Jason Cordomain. A woman thought that it was Jason Cordomain conversing with this woman and that Jason Cordomain was in love with this woman, but Jason Cordomain, I think his name

Steve Burton needed money, but it wasn't him, of course. The woman actually sent 350,000 bucks, and of course it's some person in outer Mongolia, and the money's gone. So when I read things like that, I just feel it necessary to tell the peeps.

Don't give anything to anybody. You got it? No. You know, every now and then, I'll talk to you about the boys and girls clubs of Central Florida. You're donating at a website to an official place. That's fine. Or your favorite charity, that's fine.

Just don't give it away. And I can promise you if you're in temple or you're in church and somebody walks up to you and says, hey, just so you know, I'm buying cigarettes in Massachusetts and I'm selling them in California, I'm making 150% of my money and I want to cut you in, they're lying. How do you know? Because why would anybody cut you in when they're making 150% easily? It's logic. Got it?

All right. Enough. You get the point. By the way, I get emails all the time about things that happen to people when I bring this up. Back on point. Very good setup in September. We'll see if it plays out. If the big indices break above range, that's all you're going to need to know.

We'll let you know. And areas of import like the financials and interest rate sensitive areas, they're acting very constructively here as interest rates drop and oil prices drop. A nice little one-two punch in the favor of the consumer. not to mention a Fed that is being forced to lower rates because they're getting blasted by the president on a daily basis. And easier money is well liked by markets. That's all. Markets are expensive.

They're not cheap, but expensive can get more expensive. That's all. And if anything changes, we'll let you know. but very good day and Broadcom's now up two bucks in the aftermarket yippee, yeah, yeah. They beat by a little bit. I'm surprised.

Actually, because of a better market, it's up. Lastly, let me finish up. Robert F. Kennedy was on Capitol Hill today. What is this? There's 200 million adults in this country and this is who gets picked to run our health and human services. I want to vomit.

You know what we don't like here. ladies and gentlemen, liars. He's very good at it, or actually very bad at it. Let's hope he gets canned. That all said, you have a great evening, drive carefully when you get home to like we do. Quite simple. Make sure you hug your family. Make sure you hug your children.

They will feel better. You'll feel better. I promise they will be well. A setup to go hires there. We'll see what happens. Until tomorrow, good night. This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

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