Investor's Edge with Gary Kaltbaum - SOFTWARE TOAST

Episode Date: July 12, 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. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum.

And welcome once again to Investors Edge. I'm Gary Colpom, your host. A thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening. It's July 12th. It's 2022. Thank you for joining us.

Let me say up front because I should more often, but I forget to. Tomorrow I will be on Fox Business at 2 p.m. with Charles Payne. I should be on Fox News with Neil Cavuto in the 4 to 5 p.m. hour. That will be the TV schedule for tomorrow. In case you do not know, I don't go anywhere to do TV. I do it right from my office with background downtown Orlando. The local where I used to go, I guess then still not having guests.

I don't ask because I'd rather just put on my suit and hang out in my office. Anyway, that'll be tomorrow and we'll try to remember going forward and all that fun stuff. All right, so ladies and gentlemen, you know, everything we've been doing since, I think, February of 21, when reality hit, is to just warn, is to just get out in front and do it with real good explanations. You know, you hear people, oh, bottom, top, top, bottom. You know, that misery that's on that channel, the most famous financial person on Earth calling another bottom. It just boggles the mind. Eventually the broken clock will be right.

But also, we think we're pretty darn good. And we listen back to our shows with explaining and do what we call the 1 plus 1 equals 2. And when we started out, let's see, it's July of 22. I'm going to say October of 19. and then once he started the big money printing, Jay Powell, and then the bubble started to happen, the first thing out of our mouth was, go read the book, Extraordinary Popular Delusions in the Madness of Crowds.

We then went on to explain to you what happened in 1999. We actually told you the story where I knew somebody that did business with the CEO of Leonard, Stuart Miller. The CFO, his name was Bruce. I don't remember his name. And I had the privilege to meet Stuart Miller, the CEO of Lenore, and I believe he's still the CEO. and at the time, things were crazy. People were paying any price for internet stocks that had no sales. And I remember when I went to visit Lenar, his stock was trading at one-time's earnings,

one-time's earnings. And the question was asked, are they going to ever recognize this company and I said eventually value will always win out overvaluation will come down under valuation will go up

and guess what it eventually happened when the market topped in March of 03 guess what bottomed that's basically what happened Lenore stock

in the bare market went from 13 up to 50 while the NASDAQ down dropped 80%. So when the bubbles hit and we got the GameStop

and the AMC and the Blackberry and the Seabic Financial and the marijuana stocks. I don't know if you know this, but Tillray, and I'm not making this up, this is all truth, went from 10 to 67 in four weeks, and went from 20 to 67 in five days. And of course, the next day after 67, it closed at 31. In other words, your climactic move, we call it the little space needle. And basically, all All we did was just warn you and warn you and warn you again.

And what we simply told you is valuation is going to matter again because what we saw was the climactic move in all this craziness, which has brought us to today. Brutal bear market. Not if you own some drug stocks. not if you own some food stocks. I can tell you today, simple TAP, Molson Corr has broke out to a new yearly high today because people love their beer.

Very defensive. Yes, people will buy beer before they buy bread. Just ask them. So we just want to let you know, we think that's going to continue to be our job. We'll let you know when it changes, when defense turns to offense. We have highlighted for you those areas that are what we call outliers,

meaning they don't even know it's a bare market. And of course, what to avoid. The recent top in commodities, we warned you to the day. And what's funny was, the way it topped was the way all the growth stocks had topped. We simply came on and said, I just want to let you know, three names just broke below the 50-day moving average. A couple of days later, it's up to eight names, and then game on. So now we move towards earning season. We move towards what they're calling again,

another most important inflation report in the history of time tomorrow. While everybody's still talking inflation, we're talking. Inflation's topped. How do we know? All the commodities have dropped like a rock. And we'll get in today in a minute. But one of the rules of bare markets. And it's a simple rule.

Surprises will happen to the downside. That's all. Surprise, boom, downside. Today we had one. Now, as you know, we have been nothing but bearish except for a few areas and a few names. We were constructive on Chinese stocks until yesterday. And of course, that has to do with the Chinese government

and lockdowns and more rules and regulations, but we don't rationalize price. We just deal with it. and recognize it and understand it. But I must tell you something happened today, and I will give you the final numbers, and they were actually off the lows. Thank goodness, because it was getting really ugly

into the, I guess, around 3.30, but we had another surprise today. Even surprised me, one who has been on the bearish case. And we want to make sure you understand that. It's not that we were bullish on an area, but we always have hope that things may be improving, bottoming, counter-tren rallying,

and then poof out of nowhere, we get the hook. So in spite of the fact, the Dow, at 338 p.m., hit a low of 3860, down about 302, we still finish down 192. could have been a lot better. We were up during the day. Matter of fact, about 150. The NASDAQ finished down 107, NASDAQ 100, 115. I think they were in the 150s at 338.

But that's not the story for me. The story for me today. Think software. I'll explain, and I'll explain the importance. That's up next on this, 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 888-4-22-559. That's 88559. That's 888-4-5-9. 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, for every. ever. 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 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 welcome once again to Investors Edge. So we believe there are certain areas of the market that really matter. We call them risk on areas. It tells you

that the juices are flowing. It tells you that the institutions believe they can take risk in the markets. And of course, the opposite of that is when they park their money in the Dow and sell what we call the beta, the high beta. And when we use that term, we're usually talking about technology. And I know there's an oft-used term high-flying, but no, no, no, just the higher beta. They're the ones that if the market moves up, they'll move up twice as good as the market. Of course, if the market moves down, vice versa. The number one sector we followed for decades are semiconductors, and they've proven true again as they've gone into a bare market and things follow. But recently, we have been telling you that, hey, just letting you know there's, I don't know how many names, but we keep a, I'm going to call it about a hundred names.

in the software type group, and there's different areas of software, there's enterprise software, there's software security, medical software, and the like. And what's happened is there's been what we call a little bit of improvement. Nothing spectacular, but we want to come out of this bare market. And the only way to do that is little by little piece by piece, inch by inch step by step. So the software stocks recently put in a low and is rallied up, and it just so happened to put in a low in June we're putting a low in May. So you get hopeful that maybe that's a retest price and things will get better. And then this morning.

So forget the market for a second. The first thing I see, and you may have not heard of the stock. But there's a software company does about $6 billion in revenues, Service Now. That's what it's called. And out of nowhere, it's down $35 before I can say boo. It's a $400 and some dollar stock, so, you know, 5, 6, 7%, whatever that is. And I'm like, looking around, what's the story? And eventually we found out that the CEO had a interview last night, and I guess he didn't say good things.

But very often, okay, so stock-specific, company-specific, okay, so that stock's breaking down, it was trying, it's off the radar. Now, we now move it to another screen, service now goodbye. And today on a 287% pickup in volume, the stock was down 12 and 3 quarters percent. As it breaks below the 50-day fails everything. But then Salesforce.com, which is in the Dow. And this has been in the bare market, finishes down 5%. And breaks back below the 50 day after trying. That's not good news.

The IGV, which is the software exchange traded fund. It's the North American technology software index, down almost 4% today, as it sells off at the bare market declining, Bare market declining, 50-day moving average, that's not good. So I mentioned Salesforce.com, I mentioned the IGV Microsoft. Do you think that's an important name? The stock was down 4.1% today, which is a big move. It has been trying and just rolls over today with much bigger volume than recent days.

and right at the 50-day moving average where bare markets will contain price to the upside. Oh, but that's only Microsoft. Yeah, they only do $200 billion in revenue. But then it's also Simple Team, T-E-A-M, just rolls over down 8.7% today. And then it's workday, almost at New Yearly lows down 5% today.

You may have not heard of, cyber arc but we have rolls over at the 50 day today down 5% into it you've heard of them the financial software rolls over breaks back below the 50 day moving average down 16 bucks today paycom down 24 today 7% in change huge pickup in volume really stock specific or a symbol mdb down 19 today hits a wall badly. And I can stop right there, but you get the point. Surprise. A nascent move in software stocks gets kicked in the groin today.

And we don't care why. Yeah, we know about the interview, but why Microsoft? Why the rest? Why? In bare markets, surprises happen to the downside. and we just got another one today. And I'm not so sure that's great news. Now, at the lows, we were down 300 and down 160.

We finished down 192 and 107. We were up also today. So not a great day. And you'll have to believe me when I say, if a Microsoft's getting tagged, do I need to do the next line? And on the note of these coming down, it took the rest of the market down.

and it took a lot of things down. It was just a roughed-up day. There was some green most of the day in what we call stuff, and we'll give you the reason why. But man, oh man, we do not like the fact that they came after the software. By the way, in no way were they bullish. They've been in a bare market. They've been trying to not necessarily come out of the bare market,

but do better. And just, as we said, kicked right in the grapefruits today. tomorrow will be another day. And of course, earnings are going to be out in droves over the next three weeks. And we'll keep you up to date. But put this down in the loss column.

And even for me, a surprise. And their weakness took down everything else. By the way, what I mean by that is Chipotle was down 28 bucks out of nowhere. Crowdstrike down 11.

Google down another 33. After being down in the 70s, yesterday. Adobe, oh, that's a software name, down 8 and change. By the way, that was the first move in the big names that said, uh-oh. I still remember it was like just around late November where it cracked out of nowhere. So I wish I had better news. Wish I had better news. This week, I do want you to remember that Thursday and Friday, a bunch of financials, and I believe United Health. And I'm really interested. and seen United Health. It's held up really well as far as a downame versus the norm. That'll be

interesting. Up next, full market wrap, news of the day, whatever else today. 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. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What 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 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 T 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. 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. We're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here. He's a Cinderella boy.

Gary Colbaum. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investors Edge. So June 1st, I tested positive for COVID. I only had one and a half bad days. And then just really tired for a week and that was the end of it. I took another test and then another test.

The last test I took was the 17th. I was still positive. And I was told you don't need to take any more tests. So I decided not to. I said, screw it, I took a test last night. I was negative. So life be good. At the same time, I'm negative.

My son, Aaron, positive. He went to Costa Rica for a bachelor party, got COVID. He's having like a rough day today. When I mean rough, not bad rough, but just not a great day. But anyway, stay well, be well. We did a big dissertation on housing yesterday. We warned you months ago that housing would be the eventuality. Let me read to your headline.

Homebuyers canceling deals at highest rate since pandemic. Duh. Duh. Last night we expanded our search. Man, housing inventory has really picked up in many areas around the country. You already know about Central Florida. We did Tampa. We did Boca Raton, West Palm.

And Miami yesterday really is picked up. We did Phoenix. Scottsdale really is picked up. Tonight we're going to do a bunch of Californias. We expect the same. And we just listen carefully. This is how it works. It's very simple. In bull markets, people wake up every day saying if I don't buy today,

I am going to have to pay higher tomorrow. In bear markets, they wake up and say, you know, I'm going to wait another day because I think I'll pay less tomorrow. That's how it works. In a nutshell. And with housing, how it works as far as sellers go, they start hearing things and they say, okay, let's put it up for sale. And when they put it up for sale, they put it up at a ridiculously unreasonably, unreasonably, price and it does not sell so they realize if I want to sell this I have to lower the price and then they go lower the price then somebody down the block says you know what I

just saw them lower the price let me put it up and I'm gonna put it up less than this guy just so I can sell there's now two houses up but it's still not selling at those prices then a third and a fourth and a fifth and a tenth and nothing is still selling. So they have to lower prices even more if they want to sell or they pull the house. Yeah, we're just not going to sell now. And therein lies the vicious cycle of buyers saying, I can wait. And when there's no buyers and nothing but sellers, price comes down.

And I must tell you, we knew this was coming. I am stunned at how much inventory has come on so quickly. And now I'm seeing it on these websites, you can see. They'll show an arrow down and it'll say, selling for one-sixth, and then the arrow will say $250, meaning it was going for $1.85, and they realized that. Just remember when somebody initially puts a price out there for their house, they're going to put it out at a ridiculous price.

because they can always come down. But then when the ridiculous prices aren't met, so they're in lies. So just letting you know. Next, I just want to read another headline to you. Founders of bankrupt crypto hedge fund go missing. Investors try to recoup assets. Founders of bankrupt crypto hedge fund 3AC go missing

as investors try to recoup assets. Lawyers representing three ACs creditors say the physical whereabouts of Zhu Zhu and Kyle Davies are currently unknown. The court filing from Friday also alleges that the founders have not yet begun to cooperate with the liquidation process in any meaningful fashion. Bubbles. Simple as that. Bubbles. and when bubbles pop, the curtains come down on all the bad players and all the leverage.

We expect a lot more of this, not less. And there's a lot of people putting on a good face, a brave face. But as I've said to you, and I don't even say with sarcasm, I am sure they're having trouble going in a bathroom. It's that bad. and I say that because I'm pretty sure of where most people own these things.

And I'm not just talking about the coins. I'm talking about the companies that got involved with the coins. And some of these companies where people put their money and were promised 7% and the crypto is attached to this, that, and the other thing, and we find out it wasn't. Fingers crossed that none of you have this and fingers cross you read about this and make sure it never happens to you going forward. Today's market wrap is brought to you by Investment-Models.com. That's Jim Moraback, 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. And let me make another statement here. What did we warn you about the SPACs? Bill Ackman, famed hedge fund guy, one of the most brilliant people on this planet, did a SPAC. He's returning the whole $4 billion, saying he failed to find a super-funk. company to take public using his investment vehicle. I applaud the man. You know what others are doing? Finding crap and plugging it in and screwing you. So good on Bill Ackman being a mensch

and doing the right thing. And just so you know with these SPACs, they have a window, they have to merge with somebody. I believe it's two years. And if you can't find something suitable. And as we said to you, what were these SPAC people doing? They might as well have been merging with a bubble gum machine. Actually, the bubble gum machine would have done better with some of these companies they were merging with. Dowdown 192, S&P 35, NASDAQ 107, NASDAQ 100, 115, and that's coming off of lows at 22 minutes of four. We're down 308 and 164, but leave no doubt is just a putrid day. drifted lower all day. And interesting enough on a day where oil prices, what did we tell you? What have we told you about oil prices and commodities? The trend is now down. What that means is

we don't know, but the trend is down. Inflation peak. Oil prices are down like seven bucks today. Huge drop. Huge. Huge. And looks like a lower high being made. Remember we tell you about stair steps going up and then going down. They're now going down. And you know what this means if it sticks? Much lower gas prices for each and every one of you. And they've already started coming down. I can tell you in Florida, we're low fours. Now the average around the nation is like 460 something because in communist states, they have ridiculous taxes and they're up there much higher. But this is good news today. You know what else continues to go down? Cotton,

corn, coffee, soybeans, wheat, wood, copper. This is good news for the consumer. One would have thought have been good news for the markets. It wasn't. And I must tell you, I'm a little surprised. Because at one time today, the Dow had hit 31-346. It was up about 160. Somewhere around there.

And I'm thinking, oh, we may have a good day here. because commodity prices down, no, it didn't help. Sank, even though a little drift back up at the close. What benefited today with the oil prices? Well, the airlines were up a little bit, but not much. The cruise lines up a little bit, not much. Lower interest rates were helping a little bit, but not much. And the housing relating things like that.

But just terrible and the last two, three hours, notwithstanding the last 20 minutes. Up next. Tomorrow. Another big report. I'm Gary. This is the 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. What having it all tastes like. 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. Atu.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. What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Investers Edge with Gary Culper. And welcome once again to Investor's Edge. So, um, just putrid. of note a few other things the euro hit parity with the dollar I don't know how it finished but it's pretty much close I still remember the Europe when it was 160 dollar 60 to buy one euro it's now buck for a euro

that's good news going over there and we are the pretty much a very strong currency I don't deem it because we're that great and I mean I'm talking from our top it has to do with other areas around the world are insane I mean the utter stupidity what's going on in Europe with the European

central banks staying with negative rates while inflation is hot as I can't even begin to tell you they followed the nut job Jay Powell and just were worse than him you know it's very easy for a head honcho type Top Dog Big Cheese, they're thinking they're doing the right thing.

Hey, let's just create bubbles. Let's do asset prices, but they forget. There's a downside. The old line, never screw it Mother Nature, or never screw it markets, at least for too long. And they did, and then they went insane. And now we got to come up. And now I'm being asked, why is inflation going down? I thought we had all this bad inflation, and I was told inflation sticks.

Well, simple worry. A bust. Remember what we told you two, three years ago? If the central banks created a central bank easy money, printing money-induced boom, there's really only one outcome. There's no in-between. This is true. You usually get coast-to-coast moves.

So we're going to be watching closely of an economic bust. And you know me, I'm no Cassandra. But I deal in reality. And we have been right as rain on the reality of all this. For I can't even begin to tell you how long. And when I see savings rates plunging, credit card usage skyrocketing, the wealth effect way in reverse, and that doesn't include the housing, which is now starting to get in trouble. and just remember the other piece of the puzzle here.

Do you know what a lot of people did in the last couple of years? They took out equity from their homes. Why? Because the housing prices went up and the thought process, well, they're going to stay up. So imagine if you had a million dollar house and you have a half million dollar mortgage on it. So you have a half million bucks in equity. That's good news. Love it. but then the price of the house goes up to a million and a half.

You now have a million in equity. Terrific. But then you go to a lender and say, hey, I want to take out a half million because we want to travel a lot, we want to pay for this and that, want a big boat, whatever it may be. Well, now you have a million dollars of a more. mortgage on a house worth a million a half. What if that house worth a million and a half goes back to a million? You now have no equity in your house. You got that? You owe a million on a million. Instead of owning a million on a million and a half. A lot of that's been going down. Wealth effect. Remember, the wealth effect is not only the physicality of how much you have, but how you feel. feel. And when you see your 401k heading south and then your house heading south, and then if you took

out these home equity lines, and therein lies how a bust happens, it's the easy money that creates this environment. Thus, why I've been railing at it for so long. There was a reason why I've been yelling and screaming for two years about this. There's always the same outcome of this. And now it's just a matter of fingers crossed that it does not get bad, that it doesn't turn into an 08 situation in housing, because at that point, forget about it. So we're just letting you know what we're seeing as it keeps going.

But man, oh man. A lot of my worries are in effect. And the last part of my equation that we told you about ages ago may now be in effect. The housing part. Not to mention other areas of real estate. So very simply, stay tuned kudos. I can promise you one thing. We will keep our ear to the ground.

and I can tell you right now the ground is rocky and if you have a chance don't even believe us go look at housing inventory put in any city most every city and you will see a massive buildup

of inventory and housing now and then the software stocks today which give no joy we hope for better but until we see better you're going to get the reel from us. And unfortunately, the people that cause this, the people that don't have a clue,

are still running the joint. And that's before I even get going on this administration, who's the opposite of everything you want to see. So that said, Serenity now. You have a good evening. Drive carefully. and when you get home, do like we do, it's quite simple. Make sure you hug your family, hug your children.

They will feel better, you will feel better. I promise. Do something for somebody you need absolutely nothing from if you have the ability and if there's somebody you need. And until tomorrow, don't forget, 2 p.m. with Charles Payne-Fox Business, 4 p.m. with Neil Cavuto, Fox News. And we'll be back at the same time tomorrow to do all this. Have a great one, everybody. Thanks for joining us. 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 GaryKK.com. 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.edu. This message is brought to you by the Capital One VentureX card. Venture

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