Investor's Edge with Gary Kaltbaum - SOFTWARE WOW! [12.04.2024]

Episode Date: December 4, 2024

https://garykaltbaum.com/

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 store. We can't wait to meet you. Store hours vary by location. 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

Kalpom, you're host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, December 4th, 2024. Hope you having a good day. in case you don't know this is serious talk about everything that affects you. We will do the markets, the economy, your job, your industry. Washington, D.C., debt deficits, scams, shams, corruptions, the Doji Committee. Is that what they call it? And the fact, I am so thrilled, so thrilled that the Biden-Harris administration is gone. I mean, they're basically effectively gone.

I haven't seen Harris on TV in how many weeks. What is it? A couple of weeks now? and they're not doing anything else. And in case you don't know, there will be no tax increases, which they were going to try and do. They'll only be tax cuts, which is more money in the pockets of business and you, the consumer. I have on my wall here, just so you know, I have kept it up. On my wall, these little sticky pads, these little notes.

And one of the notes was, Janet Yellen says tax cuts are the problem. imagine your Treasury Secretary as of this second, but out on our arse soon said tax cuts are the problem. What's a tax cut? There really isn't an animal a tax cut, is there? We send them the money. They act like they send us the money. They act like they make the money and dole it out to us and we don't earn it. People like Janet Yellen, that's the way she thinks.

I just had to start it this way because I was just thinking about it today, and I was watching a couple of interviews, been the fingers crossed that this president follows through on everything they are saying. Because all they are talking about is a fair, efficient, and effective government, getting rid of all the bull crap. And ladies and gentlemen, wait till they find what's there. they still haven't contacted me. Amazingly so. I mean, I am kind of out there. I mean, that's beautiful. Go read up about M-I-L-L-I-E. Malay. Is that how he spell it, I believe? He's running Argentina. Go read up about the miracle he has created in Argentina by walking in and doing the opposite of Marxist-Slair socialist. Go read up. That's what Trump, J.D. Vance, is going to try and do. And hopefully, they do follow through.

On my other sticky pads are, long-term capital gains from 20 to 44.6%. That was Biden's proposal. She was, what, 31? Unrealized capital gains of 25%. But don't worry, it was only for the wealthy. Get rid of the Trump tax cuts. corporate tax back up to 28% if not 31%, a wealth tax. Yes, they were thinking about that.

And that's all gone. Yay. And if you don't get this show in your city, we'll post it at garyk.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on, actually should. I used to have 90-some-odd thousand followers. And then one day, I believe on Twitter, I wrote that boy, Bernie Sanders, economic policy is

communist. Twitter shut me down for a day. And then a week later, I went from 90 to 30,000 followers. Never got them back. Haven't really tried. We move on. I hope you don't mind.

I'm going to take a couple more minutes on my mother. We have received over 4,000 emails, messages, phone calls. 4,000, 4,000. Out of respect for my mom. I hope she knows this.

And I must tell you, I had said to you, I believe I told you this, the night she passed away, she wasn't speaking much in the days leading up. Hardly, hardly. The night she passed away out of nowhere, you hear her saying, Mommy. Mommy. She was talking to her mom as a child. And I guess I think I said on radio, but I may have told other people. I got a call from somebody who told me, and I got emails from others that say, yeah, it's happened. One told me that one of the great things he used to do to his dad as a kid was he used to put tape over one of those sprinklers, you know, a sink

and you spray and you wash down dishes. And a few days after his father died, he went to get his haircut. And the lady who was doing his hair picks up the thing and it just psh all over him. Little things like that. I've never believed in the afterlife. I've never believed in that. Maybe there is. Anyway, we will respond to every single person. Oh, 4,000.

My inbox is gargantuan. I'm so grateful. You have no idea. I'm busting with pride. As I said, one hope she's in a better place. As of yet, it does

not feel good that she's in a better place supposedly because she's gone. Hopefully in time. Again, we thank you big time. And we mean big time. Okay. Let me start with what I did today. Put out a little webcast to the peeps

on what we think ain't working. I had it here somewhere. I'll find it. And I just want to let you. you know that if you had to be fully invested, these are areas that continue to be in bear markets, downtrends, maybe even topping, certainly not uptrends, some really bad, like solar's, big bear markets. China, been teasing a little bit and is back to where that first big gap to the upside,

but just nothing happening. Brazil. Big bear market in Brazil. The emerging market ETFs and things like that just ain't happening because of what I just said. Big biotech. Oh, you got to go look at regeneron pharmaceuticals and what Amgen looks like in the Dow. A lot of the retail still in bad shape, though, there are bull markets in retail. Wouldn't have said this coming into the week. I would have just said they're okay, nothing spectacular, but transports got smoked this week so far.

And a few names really busted up. You've got to see a chart of UPS. I'd be wary there. A lot of medical. Not all, but a lot of medical, particularly hospitals, bare market. Drug stocks, bare market. I don't know if you know. that. Go look at Merck in the Dow. A lot of the metals in mining, and we'll start with steel.

And I believe Trump said no to the Japanese Nippon buying U.S. steel, and I guess that maybe didn't help. But steel wasn't that great anyhow. Gold miners, not acting well. Manage care. That's the HMOs, except for United Health that's in the Dow. And I'm just wondering if United the health holding up, not really ascending, but we'll call it on the strong side, if that's just because they're in the Dow and it's in a lot of ETFs, oils. So we have been saying they have been better, but nothing, not a bull market, but trying. Except the pipelines and some refiners have been strong. But if you go look at BP and Occidental,

and many others, ugh, they got squash today. So their rally looks like they just hit a big freaking wall and we'd be wary. Up next. What else along those lines? Then we'll revert to the good stuff. I'm Gary. 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 complementary portfolio review.

The number to call is 888-422-5-5-9. That's 8-8-8-4-2-5-9. That's 888-4-2-2-5-5-9. 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, Arvind, 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.

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. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication.

We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. Cashflow crunch. OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected experience.

expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval. 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. Uh, so, the oil's not so good. Housing. They had a real good move a couple of Mondays ago on some news and this and that. And I must tell you that, uh, unimpressed. And a bunch of the housing names, the home builders, really rolling over badly. And when the strongest name, which is Toll Brothers, breaks out, and turns tail and rolls down,

it tells you about the group. We'd be wary about the housing. Little bit of distribution in the banks. Nothing bad. In fact, one would just say, hey, they gapped up on the election, and they're just very extended, and they got arrest,

and they try to move out again, but it's just not happening just yet. And maybe they're just going to settle down, and you know what we're going to say? Okay. nothing untoward just yet. And of course, any individual names that you can define as a downtrend, you avoid. And there's plenty.

Anything that are above moving averages and then break them should be noted, especially the 50-day moving average. But overall, let me report. to you some news today. Just so you know, the NASDAQ 100 broke out of range. Edged a little bit above range yesterday.

Really followed through today. There's something called the XLK. What this is, is the S&P Information Technology Index ETF, broke out today. Now, just remember, say broke out that's moving out of a range, moving above price that was there for a while,

that doesn't mean it's going to be successful. Breakouts do fail. But when they happen for the indices or real sector, they will work better more often than not. We keep our eyes always on top of it to make sure those happened. Those were pretty darn good breakouts, and of course, that means the NASDAQ, the same, into another high ground. The Dow at the close today, been tight for the last eight or nine days, and no complaints. the S&P new high again

the Russell 2000 straight up for five days settling down for five six days see nothing untoward as of yet the midcaps same thing

now one area that the transports again Not 100% sure, but as I mentioned UPS and FedEx. And I would just be, how do I, would I say it? I use the word wary. Let's just say I think there's better things to do. And when I look at UPS, when I look at something like a Union Pacific, ew, ew.

So just wanted to start that way because that's what I did today with the peeps. I forgot one other area is the consumer staples, food, beverage, household products. I would say tobacco, but tobacco acts pretty decent. And that's somewhat of a staple. I still don't understand how anybody can smoke. It's so weird. I told you the story. I was in 7-Eleven once, and this lady comes in in a wheelchair and is just hooked up to this oxygen machine.

two cartons please and I'm thinking to myself she's on that oxygen and she's smoking six stop I didn't say a word I don't get that but if you look at

Coca-Cola in the down just getting Wapped destroyed for a Coca-Cola now keep in mind destroyed for a high growth stock is a lot different than destroyed for Coca-Cola. Pepsi?

Yuck. How about the, what is it, Dr. Pepper? Yuck. What else did I notice today? Hershey's? Yuck. All in bearish phases, all in downtrends. And I'd avoid those areas.

And of course, there's a little worry. This guy, Kennedy, who, by the way, my biggest problem with people are the same people who used to curse out Kennedy just because Trump loves them now they love Kennedy this Robert F. Kennedy. You know my opinion. It's a jackass. And there's a lot of weirdness going on around the vaccine thing. I don't care what anybody tells you.

We all have our opinions. there's a lot of people out there saying that the vaccine for COVID killed millions and they email me and I say, can you give me the list of people? And of course, there is no list that's made up by extremes. And they're all, everybody's now into this whole thing about, oh, all of a sudden, we're geniuses that we didn't need masks and we didn't need six feet separation. We didn't need this and Fauci's a criminal. Okay, great, all whatever. You know what I remember?

Correct me if I'm wrong, you may. A lot of people were dying from COVID. And it was a moving target, right? Am I correct? And there are people that are being paraded in front of you on COVID on everything as health experts that said COVID was a flu. I'm not going to mention names. But just be careful.

Don't get caught into the whole politics of thing. There's so much BS being spewed on from everywhere. Millions of people died from that thing. And if you believe that people were just going to get this thing right, the job was to make sure somebody you know didn't die. Am I right? Or am I wrong? I had a neighbor that died.

I had a good friend we used to meet with Starbucks every Sunday and talked died. I want to make sure that doesn't happen again. Be careful. Oh, I love this guy now because he does. Do your homework. Investigate. In depth. You're smarter than most.

I promise you. I'm Gary. Up next. News of the day. Other thing. Oh, the good side of the market. My bad. I'm Gary.

This is 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. 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. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist, Victoria

Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomachache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team or bridging cash flow gaps, On Deck's loans up to $400,000 make it happen fast.

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We'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. I'm highly recommended. You're gonna feel better if you talk to.

So, I forgot all about the good side. I did the bad side of the market. I forgot about the good side. Shame on me. So yesterday, I reported to you that Salesforce.com, a sizable software company, not Microsoft size, but up there, I think they do about... 38 billion in revenue? Yeah, that's about right. It's pretty sizable. And it's in the Dow. They reported earnings where earnings decelerated. What do we mean by deceleration? Well,

three quarters ago, earnings were up a year over year, 44%. The last quarter was 21%. The quarter that just finished, 14%. And they missed estimates. Then they got. lower than expected for the next quarter. You know what usually happens at that point in time? The stock gets hit in the aftermarket. In fact, I was emailed that they missed and I'm like, oh, I'm going to go look and I'm going to see sales forces down 10 bucks. It was up, what, 25 bucks in the aftermarket?

I'm thinking, well, something's up. Seriously? Well, it finished up 36 bucks today. on a deceleration of earnings and sales and missing estimates and guiding lower. Now, we have this motto, mantra, whatever word you want to use. It's not the news, it's how something reacts to the news. Well, that was one hell of a reaction.

And guess what software did today? Well, there's the IGV. It's an ETF. As an ETF was up almost 4%. and some of the beta software names had some pretty damn good moves. Best way I can explain it. Service now.

Up 6.2% today. Guess what? Software. HubSpot. 5.2%. Software. Catch in the drift? There was a lot of that today.

Marvell technology is semiconductor stock. earnings only up 5% revenues only up 7%. It was up 23% on the day. Adobe, a weak software name up 4%. Atlassian symbol team up 7% into it

up 3%. Synopsis up 3%. But I think it's down in the aftermarket on their earnings. Just letting you know. MongoDB up 5%. Crowdstrike, which just recently gaped down on earnings,

up 4%. So a big software day. Oracle, up 4, up 3.5%. And that was the story of the day. The NASDAQ was up 254, NASDAQ 100, up 263,

off of Salesforce.com, but it wasn't just that. Oh, by the way, SAP software name, big name out of Germany, up 3.9%. Software, software, software. That was today. Anyway, you cut it. Workday was up $10, Viva Systems, up $11. I mentioned CrowdStrike.

Snowflake up $10 on their 20% drop in earnings. And then, later in the day, a Bitcoin woke up. Happened in the last couple hours. So Coinbase setting up. Micro Strategy looks like it held an area support, maybe. That's an insane moving stock. It's a leveraged Bitcoin to give you an idea of leverage. It went from 376 to 410 in a couple hours.

It actually went from about 385 to 410 in about an hour. Of course, Bitcoin does not move four or five times like Microstrategy. And I do believe the guy who runs micro strategy was on my friend Charles Payne show today in the 2 p.m. hour. I'm pretty sure you can get a video on it. go in foxbusiness.com and I'm sure it'll be there. So Bitcoin had a very good day. And then the beta, Netflix, up 10, things like that. I don't have to go through each and everyone.

We'll see what tomorrow brings. It was a software day today. Does it stick? Don't know. Tesla move above 362 takes it further out. And of course, you know, that's little Elon Musk. I mentioned to yesterday, SpaceX. I was offered some.

I think I said with the number yesterday, I think it was around $100 billion. I think that's where I was, between 75 and 100, I was offered, I turned it down. It looks like their value, Asian now of $350 billion. And I did a little dissertation on Elon Musk yesterday because it's amazing how people on this MSC,

NBC, these very weird people, very weird. Calling Americans racist, homophobic, misogynist, fascists. Yeah, let's watch that show. All they do is put down Elon Musk. Guys created wealth beyond the beyond. Space, Starlink. They should love him for his electric vehicle if you're climate friendly. But no, he's the anti-crime.

now because he thinks a different way. He's no longer a Democrat. Actually, I think he still may be a Democrat, but he thinks logically. Remember, I'm in the logic party. I think that's where Musk is. Anyway, Tesla move above 362 takes it out again. And, you know, what's good is gooder.

And what's bad, you just stay away from. and we'll keep letting you know about what to avoid. And as always, we report, you decide. We don't tell you what to do. We tell you what we think. That's all. But very good day today. Yields down, 4.180.

I think the Fed said something today. But I don't give a crap about them. They don't matter. They can move markets a little bit here and there. They can only cause trouble. and again they created the inflation with Biden piling on making it worse and the inflation is down because they stop printing money

the reason why they don't get the blame is because they are not elected and nobody gets anything out of blaming them that's how it works they produce nothing they create nothing that's all nothing personal uh where else am I going The German Dax breaks out of range to the upside, very important, while I hear they're in recession.

How's that possible? Welcome to my world. France remains very weak. United Kingdom markets remain very weak. And as I said also, China, just not happening. Just not happening. The big story, software. Growth-related.

And today, big software. On a big company. Missing estimates. Lowering guidance. With decelerated earnings. Go figure. But I repeat, it's not the news. It's how things react to the news.

Up next, somebody predicting a recession in the first or second quarter. I have some thoughts. This is the one-only investors' edge. I'm Malcolm Gladwell, host of smart talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how. How do different accelerators go together?

It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

will come a point when it will mature. Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down pharmacist to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach ache every time that I eat and it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

Cashflow crunch. OnDack's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at ondeck.com.

funds could be available as soon as tomorrow depending on certain loan attributes your business loan may be issued by on deck or seltic bank on deck does not lend in north dakota all loans an amount subject to lender approval you're listening to what are we waiting for what are you waiting for one two ready go action in the investors edge with gary colpa so let me repeat again and i'll probably bring this up for quite a few days because I am so grateful. People I don't know will never meet. Emailing me, messaging me, calling me, wishing my family well, and condolences on the death of my mother. Wow.

My gratefulness is at a major high. I'm sure I'll mention it a few more times. my father at 93 doing okay has all his vitals no dementia whatsoever you know a little bit on the talking side it's not as easy you know

comes out a little slower a little mushy sometimes but knows every and boy to kitty talk concentrating on him now we lucked out we have a full time we have two livens we have shifts

one woman does the night, one woman does the day. And I will tell you, we lucked out. Damn, did we luck out. Because I hear stories about others. Wow, did we luck out. There's some people predicting a big recession coming up. There are people sending me emails about Warren Buffett that his indicator, flashing bright red,

on a couple of notes, he has this indicator about valuation, but also 300 billion in cash, and really not buying anything. And he said, basically saying he can't find any value. And he's been very prescient in the past. Gary, are you worried? I will be. That's all. When the market decides it. Let me start with the recession. I've never seen a recession happen without the market knowing it first. And we're not talking about a quarter to, quarter two down a little bit in GDP. We're talking about something of importance. Why would the market go down first? Because the market is all knowing, all seeing telegraphing very well in front of things.

So I will promise you, I think 100 out of 100 times the market is topped in advance. Not every time it's topped has led to a recession, but every recession had a top of consequence. We suspect in advance of a recession, number one, the financials, the banks will break the 50-day moving average. that will be the XLF, KBE, KBWB, and start the process of lower. The semiconductors that were weak and remain weak, though, they bounced today. Though, again, the Sox was up 86 today, which is a pretty good move, but a bunch of names are still down, so it's very weighted to certain names. That would really bust.

And technology. I don't care what anybody tells you. It'll lead down. I will let you know, oh, the big indices, they ain't going up anymore. They'll recognize it. So I'm not so sure we have a recession in the first quarter of this year. I'm going to state, I think they're wrong. Better yet, the market is stating they are wrong.

That's all. Just let you know. Now, of course, there are certain areas that are in recession. Of course there is. There's always certain businesses, certain sectors that aren't doing so great. That happens. We're talking overall. And I believe we have a job number this week on Friday.

The last one wasn't very good at all. We'll see if there's a rebound. They're saying the last one was weather-related. I don't know. I don't trust anything from the government anyhow. You know why? Because in the last 25 years, they have changed the formula for GDP. to make it higher than it used to be.

And they change the formula for inflation to make it lower than it used to be. Welcome to our government. Banana Republic. So just letting you know, I'm just not there. If anything changes, we'll let you know. And the Warren Buffett indicator, boy, it's in the file manager at all times. Man's been brilliant. And prescient.

We will not forget that. Anytime soon. But as of right now, software had a big day today and last I looked if technology is okay very tough to take down a market and that's the stance

and as always on a daily basis we are on top of this if anything changes we will gladly let you know but that was today and with the NASDAQ up 254 NASDAQ 100 up 263

the advanced decline on the NASDAQ was only 2348 up 1773 three down. That's not good, but it just tells you it was big. It's the big stuff today. Small and midcaps today kind of didn't do so much. That's okay. They're acting okay. I don't have much to complain about. Just stay away from the downtrends. Stay away from the bearish phases. Stay away from the bearish sectors. And we'll keep letting you know about them. One of the thing that, just near term, sentiment is very much. very, very up there in the trees, but that can last for a while.

So not sweating yet. That all said, you have a great evening. No TV for us this week, by the way. Drive carefully. We're just taking a step back, of course. And when you get home, do like we do, quite simple. Make sure you hug your family. Make sure you hug your children.

They will feel better. You will feel better. I promise. Stay well, be well. And again, our gratitude. Good night, all. 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, 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. APU. APUS.edu.

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