Investor's Edge with Gary Kaltbaum - Smashing End To The Week In Review.

Episode Date: July 15, 2022

More Info At: http://garykaltbaum.comMore

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If you're 45 or older and at average risk, ask your doctor about the Colagard test, available by prescription only. Learn more or request a prescription at colagard.com slash podcast. Investors Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum.

And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. Thanks for being with us today. Glad you here, ladies and gentlemen, happy that you're listening. It's Friday. It's 15th, July, maybe. It's 2022. You know, ladies and gentlemen, we tag

all our Friday shows as the week in review. That's how we tear them. So what I'm going to do from the get-go here is we're going to give you out the weekly numbers, which don't matter. Well, I take it back. They do matter. But what ends up mattering more

is how things finish at the end of the week. by far how things finish at the end of the week. And whether they're changes, whether they're not changes, all these things are of note. So, first off, the market wrap brought to you by Investment-Models.com. That's Jim Roerbach, one of the great market timers. No gray areas with the man you're either in or out of the market

with his proprietary indicators, go check it out. Investment-mottles.com. Okay, so get this. On the week, on the week. The Dow was down 51 points. It was down. Just letting you know, on the week, on the week, the S&P 500, was down.

36 points, almost 1% on the week. On the week, the all-important NASDAQ was down 182 points. I'm going to call that about 1 and 3 quarters percent. That can't be good right, because on the week, the market, the markets were down. Well, today tells you how weak the market was because the markets weren't down that much on the week, though we can say the NASDAQ, 1 and 3 quarters, is enough. Because on the day, the Dow up 655 points on the day. And may I say it rallied 100 points in the last three minutes. options expiration but we don't rationalize everything counts on the day the s&p was up 72 points 3863 let's call the dell about 2.1% let's call the s&P about 1.81% the nassadk the nassadk was up 2001 today 114 5-2. Let's call that 1-8. Nasdaq 100, up 215 points. The all-important semiconductor index,

up 66, the transports up 246, the 13-212. All closed at the highs of the day, as in the last three minutes, you have this, we'll call it an option-related bump, but that really doesn't matter, right? We don't rationalize. So very good end of the week. And as we always try to do, what happened today that unwound a very bad week? In fact, J.P. Morgan today was up almost five dollars even though yesterday was down about four in change or three inch whatever it was on their crappy numbers what would change that was there anything that changed the playing field well let's see oil prices actually up today that's not good news yields they were only down a little bit today that's no big deal was there any reports that came out that could influence the markets

well we'll tell you what reports came out and what would suggest yes so let's think about a couple of things what have we been telling you everybody's talking about what have we been saying to you about the news all the news that's been reported is bad news. Inflation, skyrocketing, even though we have told you commodity prices have come down markedly. Recession. Well, the first quarter was a down quarter. The second quarter, the numbers have been coming down throughout the whole quarter and recession. Well, we came out today with a retail number, it was up up 1%, it was better than expected. There was this empire manufacturing number better than expected. We think that did the trick. We think that everybody leaning one way

after a drop did the trick. We think the fact, as we have said to you, the NASDAQ has held the lows for eight weeks. The S&P and the Dow for about four weeks would be eight weeks, but they undercut it about four weeks ago. That's what did the track. Does today change the playing field? Listen carefully. I would suggest definitely on some things, not so sure on other things. What I would suggest to you, and we've said this quite a few times. Let's see, we said it. in January. We set it in late February, early March. We set it in May. We set it in mid-June. What did we say at those times? We think a low has been put in. What does that mean? A-low. An area where the market says, enough for now. We're done. Enough. The Dow just went from 33-272, drop

3,000 some odd points, been back in and filling and back and filling for now for a bunch of weeks. Yesterday, intraday, the NYSC was at yearly low, so's was transports. Today, a resolution of that low, a low. Not once since the highs have we said we think we have seen. The low. How do we define the low? And that is the bare market low.

The one that is never going to get taken out. What is our verbiage now? We'll let some cards come out of the deck and see what we can get. Is there more improvement now down at these lows? Maybe. Not 100%. Got a few things that have brought. above some moving averages, but only because they're way down and the moving averages have

come way down. Do we consider the fact how far we have come down? Absolutely. Is there a chance these could be the lows? Of course. We say that every time there is that chance, but as of now A low and we'll see what comes of it hardly any stone was left unturned yesterday before we traveled up to New York we did a webcast

in the middle of the day it was going to be a short webcast it ended up we were going through sector after sector stock by stock and you know what they were all were bare markets way way down Every one of those areas, most of them had the best moves today. Why?

Because of how far trash they have been. How far the last leg down they were. Next week, massive earnings season to come. Massive. We'll be ready. What have we noticed so far? Mostly crummy earnings. But J.P. Morgan Gaps down, rallies back up today. Interesting.

Wells Fargo misses today. Wells Fargo. Up nicely today. Catching the drift. Maybe we're washed out. Maybe. Up next. More in these markets. Some other thoughts. 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, will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-59.

That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital, management. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU. APUS.edu. On eBay, every find has a story.

Like if you're looking for a vintage band tea. Not just a tea. The band tea. From the last show your favorite band ever played. You wore it everywhere. Then your BFF started glaring it. Which is cute until they unfriended you and took it with them. Which was not so cute.

Anyway, now you're on eBay. And there it is. Same tea from the same tour. Still living in your memory, rent-free, forever. See? The things you love have a way of finding their way back to you. But eBay isn't just forgetting whatever your XBFF stole back. It's also for that rare championship foul ball you caught, then heroically gave to the kid next to you. And where else are you going to find your first car? The one you wish you'd never sold, but now, you finally get the chance to take back home. For good

this time. Shop eBay for millions of fines, each with a story. eBay. Things, people, of. 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 what once again to Investors Edge. Thanks for being with us today. Hope you have a good day. By the way, as you know, as an aside, We whine and complain a lot, and for good reason, for you and for us. We whine and complain about them. I don't whine and complain about you, about them.

And you know what we mean by that. The debt, the deficits, the leverage, the corruption. There's somebody at Fox. Haley Vaughn is her name, she's a journalist, a reporter, and I've never seen it before, but she, was on today with Neil Cavuto and they showed video of her going up to Janet Yellen, the Treasury Secretary, and asking a very valid question and Janet Yellen might as well have given her a middle finger. Wouldn't answer. Imagine your Treasury Secretary that works

for us would not answer a question. She dropped up to Jay Powell to ask a question. She was shushed away by his handlers, and he had like four or five handlers. He works for us. These are the two most important people on this earth that have control of unimaginable amounts of money. Well, at least he does. They've been wrong on everything. They wouldn't answer her questions.

Think about that. These people work for us, and they wouldn't answer. Speaking of that on another note, Do you remember I told you how the central bankers, a bunch of them have quit in the last year because they were all found out to committing inside trading crap that we would go to jail for? What they did is they traded on vital information that they knew on what the central bank was going to do. They resigned. Nobody's going to jail. No indictments. No ethics violations. No nothing. They're probably teaching at colleges now are making $200,000 speeches. a watchdog has been found to say that they don't think J-PAL committed any ethical violations on his insider trading, even though he did the exact opposite of what he should be doing, even though what he did,

we would go to jail for. In other words, they continue to suck. They continue to laugh at us. They continue to shoot the middle finger at us. These people have been insulated and do not have to follow any rule of law whatsoever that we have to follow.

They sent Martha Stewart to jail for 10% of what these central bankers did. I can't tell you how much it sickens me and there's nothing we can do about it. We are on the sidelines, just a bunch of marks as they walk the hallways of Washington, D.C. with five or six handlers and one of the handlers almost pushed Haley Vaughn away

because she asked an appropriate question. It sickens me. it sickens me and then something I also noticed today do you remember how they accused President Trump of coddling

dictators remember how they accused him of kissing the rear end of the bad guys you remember all that right they ripped into him kicked them in the grapefruits every day

24-7. President Biden fist-bumped today. MBS. An accused murderer of a journalist. Do you know what the media is doing? President Biden,

do you think it was right for you to fist-bump him? That's what the media is doing. They called Trump every word in the book. Everything. Said he was Hitler. Stalin, Mussolini, Pol Pot, Matt, all the bad guys rolled into one. Now, guess what? I don't think Joe Biden should have fist bump this prick.

My thought process is based on the other corrupt institution, and that is this media. Treat one way. Treat the other, the other way. Coast to coast, different reactions. How do you get the 30 trillion of debt? How do you get these people getting away with insider trading that should put them in jail? The media says nothing. Why?

Because it's their buds. They don't want to lose access. They're in the tank. Oh, we've got to be nicer. We're never going to be able to be in the same room with them. In other words, the media, which is supposed to be the last line of our defense, holding powerful to account are mean,

vicious, pit bulls with one end and little puppy dogs with the other. This is why we complain. And that's how you get the 30 trillion of debt. And that's how you get a guy able to print $9 trillion while screwing every

saver. You know, the media's posted defend the savers of this country and never said a word. How can you go to zero percentage rate rate and now every saver gets zero on their money? How can you do that to them? Do you think anybody asked that question? And that's why we're so upset. That's why we whine and complain. And it's not for me. It's for us. The band continues to play on. with no accountability and no oversight. And the same people that have caused all the problems

are the same people running the joint. Regardless whether the markets go up or down. And just remember, they're all very lucky to have us. Without us, they have nothing. They can't turn on the light bulbs in the Oval Office without our tax dollars. Oh, excuse me, They can just print more money or just take on more debt.

And again, that's why we complain. Up next, what else? On the week, this is the one only investors' edge. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections, like Healthy Choice Simply Steamers' grilled chicken and broccoli Alfredo.

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Learn more at APU.apus.edu. On eBay, every find has a story, like if you're looking for a vintage band tea. Not just a tea, the band tea. From the last show your favorite band ever played. You wore it everywhere. Then your BFF started glaring it. which is cute until they unfriended you and took it with them, which was not so cute.

Anyway, now you're on eBay. And there it is, same tea from the same tour. Still living in your memory, rent-free forever. See? The things you love have a way of finding their way back to you. But eBay isn't just forgetting whatever your XBFF stole back. It's also for that rare championship foul ball you caught then heroically gave to the kid next to you.

And where else are you going to find your first car? The one you wish you'd never sold, but now, you finally get the chance to take back home. For good this time. Shop eBay for millions of fines, each with a story. eBay, things people love. 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're talking. tool. And welcome once again to Investor's Edge. By the way, I'm just real quickly doing a little scanning here. All the market did today was get back the last few days. But really feel like now

the bunch of weeks past are good retestings and retesting of the low. And now we'll see what comes of it. Let me give you some, for instance, City Group. I would argue the worst acting big financial bank out there. I would argue that. A city group was a $5.84 today on 239% increase in volume. On a 19% drop in earnings. But they were better and expected. I'm just making no to that. The stock was 80. about 13 months ago. It closed at 4998 today. That's what we mean about bare market rallies.

The question now is, is this the big line in the sand for these things? The answer is one day doesn't tell us a lot, but potentially yes. And of course, it brought up a lot of the financials. And to be clear again, a Goldman was up 12 today.

they report next week. Closed at 294. It was 426 last November, down to 294. You catch them my dread? It was 309, 2 weeks ago, 329, 6 weeks ago, 3.47, 10 weeks ago. We call them countertrends. We're looking for the major change in trend. the one that we don't have to look over our shoulder at.

We think there are some things that have done it. We don't think a lot of things have done it. I can tell you some of the managed care. We've been talking about that. That's done it. Now, whether or not it really gets going or not is another story. When we mean turn, just stop going down. turning up stair steps up that's what we're looking for it starts with a low and

then it has to be built upon right now we're just off of a low yesterday a very good day today it is just one day we'll see what next week brings on all these earnings reports Which takes me to the other part of the equation. Statistics for the first two quarters will show a recession. But how can it be bad if employment's good? My answer is, it won't be. Not yet.

You can only have real bad recessions if a ton of people lose their jobs. We haven't seen that yet. Some people have lost their jobs. in crypto, seen that. In the mortgage business, seen that. Rime in a reason. If demand falls off a cliff in other areas, it will occur. Demand has fallen off in a lot of areas.

Not sure enough for the big decision makers to say, how many employees do we have? Knock down 10%. I'll let you know if that changes. But great day. Made another horrific week, manageable. Manageable. We'll do a couple of webcasts this weekend.

We can find. Whenever we get a daylight today, we do what we call a double scan. We'll scan from the highest volume trading down to the lowest. and then we'll separate. We'll look at the airlines separately, the cruise lines, the hotels, the transports, the rails, the truckers, the biotex, the retail of all stripes, the autos, the auto dealers, the banks, the brokerages, the investment banks, the restaurants, the semiconductors. You get the point. Weekend will be intensive. I'll be up tomorrow morning.

at 6 a.m. starting. The good news is it takes me an hour to scan the whole market these days. Modern technology, baby. What else? Inflation. We stand fast. Commodities have topped. We don't know how low they're going to go. They could bounce around. They're oversold. We think trend down now. That's good. will get relief how quickly and which don't know just yet

some say comes down much slower than it goes up won't argue but trend down I expect it in the food arena also can't help you on the rent side though don't know about that but we told you weeks before anybody else

and guess what's happened to your gas tank? It's getting filled now with less money. We told you that, what, three, four weeks ago. Let's hope it sticks. And let's hope it sticks for the right reasons. So good end of the week. A low. We think a low.

And what that means is the recent lows just underneath should not be taken out any time soon. You got that? We said the same thing three or four times in this bare market. And guess what? Markets rallied for a couple of weeks and then croaked again. Stay tuned. There is one big thing missing in this bear market that has not happened.

And that is the give-up phase. I would suggest to you that all bare markets have had give-up phases. This one has not. Maybe this one won't have one. We'll see. We're open to anything. We'll watch price first. Everything else second.

It was a good move today. Let me tell you what else I like. I'm not a big VIX guy. The volatility index looks like it may want to break down. I mean a real top. That usually means good for price. The worry, though, is it never even got going while the market's been trashed. We're not so sure it's not flawed now in what it's supposed to do.

Could be wrong. We'll see. Just something else that we pay attention to in our file manager. because the most thing we pay attention to, price, movement, next volume, and then everything else, way below. Price, movement, volume is everything. Price is what you get paid on or what you lose on. Volume is the conviction in the moves you get paid on or lose on. and gives us a higher conviction level, the higher the volume on the move.

That is your big institutions and their decision making. Today's options expiration, so we give a little less weight. Up next, I got a lot of emails on my appearance on Fox business today. We'll talk about it. This is one only investor's edge. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy.

The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections like Healthy Choice Simply Steamers grilled chicken and broccoli Alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply steamers. having it all tastes like. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs,

APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at appu.apus.edu. On eBay, every find has a story, like if you're looking for a vintage band tea. Not just a tea, the band tea, from the last show your favorite band ever played.

You wore it everywhere. Then your BFF started glaring it, which is cute until they unfriended you and took it with them, which was not so cute. Anyway, now you're on eBay. And there it is, same tea from the same tour. still living in your memory, rent-free, forever. See? The things you love have a way of finding their way back to you. But eBay isn't just forgetting whatever your ex-BFF stole back.

It's also for that rare championship foul ball you caught than heroically gave to the kid next to you. And where else are you going to find your first car? The one you wish you'd never sold, but now, you finally get the chance to take back home. For good this time. Shop eBay for millions of fines, each with a story.

eBay, things people love. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culper.

Well, a random act of journalism, and this is what we want to see. As I said to you, fist-bumped with this man accused of murder, if it was me, I'm not fist bumping him. If it was me, I'm giving him the fist. Of course, that's not happening, but you get my point. The Washington Post, quite the friendly of the left. The Washington Post publisher and CEO Fred Ryan,

and I quote, the fist bump between President Biden and Mohammed bin Salman was worse than a handshake. It was shameful. It projected a level of intimacy and comfort that delivers to MBS the unwanted redemption he has been desperately saking. Good.

Of course, the Washington Post is not calling President Biden Hitler, though. But at least they agree in our thoughts. Was not necessary. Childish. Looks bad. What a few other things? the wife of the man that was, by the way, they didn't just murder them. They cut them up and put

him in a vat of acid. And I don't know if you know the whole story, but they shrugged it off, this MBS guy and they arrested like these 10 or 15 people. Nothing came of them, of it. Under the rug, as they say. So good on the Washington Post. Nice to see. today and I was on with Neil Cavuto and the subject today was something near and dear and that is

parenting. No really. Neil wanted to know from people in the business. Tom Brady had mentioned Tom Brady, very wealthy. What is he worth? Probably half a billion dollars. That is very tough parenting because your kids get to go on private jets, nice cars, great vacations, how do you keep them with their feet on the ground?

And Neil brought me on and somebody else to go over this. I go, wow. And of course, I answered it in my usual very classy and smart self. Well, as a parent, you just lead by example. You don't think of yourself as elitist. You don't talk down to people. Everybody you meet matters. I don't care whether it's the dishwasher or the person serving your food at a restaurant.

Guess what? You ain't getting your food if that person wasn't there. I've always taught my sons, and pretty simplistic, you would better treat the person cleaning the toilet as well as you treat the CEO of the company in that building. because if the toilets don't work, the CEO will be S-O-L just like everybody else including you. And I got Newsfea. When you're S-O-L, you're all the same when the bathrooms aren't working. I also went on to say my usual about philanthropy and doing things for people, if able, that you need absolutely nothing from. helping out your community showing your kid

lead by example get them out of there what I call fantasy land and I'll be free to tell you my kids and I think all of us as parents want the same is that for our kids to lead a better life than

we did as kids and I'm pretty sure my kids did vacation very well never wanting but the other part of the equation I said to Neil is two words earn it we made our sons earn everything so just just words from Gary to you with your children

first off I give my wife most of the credit because I stare at a stock screen all day while she does a lot of a heavy lifting but A you got to set the example That's number one. Number two, none of us should be treated better than anybody else out there. Everybody matters, as long as they're within the rule of law, of course. And I don't care what kind of car they drive, what kind of house they live in, how much money they have. Everyone gets the equal amount of respect.

This is how we've lived. And then of course, doing for others that you need absolutely nothing from because there are the many. There are the many in dire need, in dire times. That's what we did today. And man, oh man, just a ton of positive emails from you guys. We don't think we're inventing anything new. We're just stating it more. Because unfortunately in this day and age, you turn on the MTV in the years past, the MTV cribs.

There's all this talk on Instagram with these kids that never worked a day in their life and they're on these 100-foot yachts and, you know, staring down at people. We've got to recognize that's out there. But you've got to make sure your children understand. You get to decide if that's what you want to be. So we thank you for all the emails and all the response on it. A little bit of it is on our Twitter feed. The first, you know, it was a couple of questions each,

and the first part is on there. If you go to my Twitter feed, it is there, or a Fox put it up there. And I hope maybe we make you think a little bit. Because you know what? We don't think there's enough of real respect for everyone or anyone regardless of where their standing is in life. Food for thought. A big scan weekend this weekend. You have a great weekend. Drive carefully. And when you get home, do like we do.

It is quite simple. Make sure you hug that family. You hug your children. They will feel better. You will feel better. I promise. And if you have a chance, and if able, consider doing something. for somebody you need absolutely nothing from. Think about it. Until Monday, peace out all. Thanks for joining us. Take care. Bye-bye. This has been Investors 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. Success starts with your drive. An American Public University is here to fuel it. With affordable tuition, and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.

Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.apus.edu. 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.

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