Investor's Edge with Gary Kaltbaum - Tariff week in review [02.07.2025]

Episode Date: February 7, 2025

https://garykaltbaum.com/

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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 Coltbaum, your host. Thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening.

It's Friday. I think it's February 7th. That is 2025. Thanks for being with us today. Always appreciate your time. We never forget that. In case you don't know, this is serious talk on everything that affects you. We will do markets.

The economy. Your job, your industry. Deficits. Doge. The new administration, the old administration, tariffs. You name it. We cover it without any agenda. Any ulterior motive.

Simple as that. And if you don't get this show, and your city will post it at gary k.com we'll also post it on our twitter feed which is now x and if you don't follow us on next you should and if you'd like to email us just be nice ladies and gentlemen as we have told you we don't pull any punches here we don't see r or d we don't care if it's don't trump the president joe biden the president kamala harris the president Mickey Mouse the president, Eli Manning, the president, who by the way, was not put into the Hall of Fame, which really pisses me off. We care about good policy.

And part of good policy is consistency. It's not going from Monday one way and Friday another way. Why do we say that? Because markets do not like uncertainty. Very simple as that. And we start out by stating under complete seriousness and to the point, in the past week or so, we have had the current President of the United States announce, 25% tariffs on Mexico and Canada. The market reacted negatively to that. The president then announces, we're not going to tariff them 25%, but we're going to put that off for 30 days.

The market reacted better to it. And then today, in the midst of the day, out of nowhere today, the president announces, and I think I'm quoting, retaliatory tariffs against a bunch of countries. And on that note, the Dow finished down 444, the S&P down 57, the NASDAQ 268, And NASDAQ 100, 282, advanced declines were pretty much 3 to 1 negative. And that's the story. There should leave no doubt these markets are less than thrilled with the sound of tariffs and the movement on tariffs.

What's next? I must certainly say, I don't know. Why? We've already seen a couple of changes of stances. So we finish poorly on the week? Not a very good day. It enables me to isolate big strength in the market versus weakness. But it's still no fun. Why? Because I got to tell you, the S&P and the NASDAQ look like, like there was a chance to break above range from the last bunch of weeks. That was put on ice today. We'll see what they do on Monday. They said it will come Monday. Retaliatory tariffs on any number of countries. I don't know what that means. I don't know how much. I don't know on what products. and I'm not so sure we should be going into a weekend not knowing. And I'm just wondering, and you can correct me if you think I'm wrong, is the president doing things by the seat of his pants?

And what we mean by that is, oh, we're just going to do this. Oh, we're just going to do that. I sure hope not. But we deal in facts, and that's what came from. today. We move on. There's a few things I want to go over because when all is said and done, it really is about outcomes. By the way, that was the Trump moment. We may have a couple of more moments throughout the show. And remember, listen carefully. We have no hate of Donald Trump. We have no love of Donald Trump. We love good policy.

We love Doge. We think it's fantastic. We love that they're wringing out the excesses. I will guarantee you they're going to find jobs where 50 people are doing the job and all they need is two. No, really. We're going to find waste. We're going to find corruption. Any number of things and whoever's corrupt, I'll indict them.

Back on point. I want to start out with the semiconductors. And the reason I want to start out with the semiconductors, it's pretty simple. I have a list of 85 that I follow daily. It's all on one column of one screen. At the bottom are the ones that I feel the most important. It starts with analog devices. in A down to Taiwan Semiconductor in the T. Above that is a bunch of names that we think are less important, but we still watch. Believe it or not, in there is Intel. It's a horror show. What I am seeing. It is an unbelievable horror show, a bare market in so many semiconductor names.

The Sox, the Philadelphia Semiconductor Index, continues, absolutely continues to underperform. What holds up best, and this is good news for them, but worrisome, is some of the AI artificial intelligence names. The problem with that is I think they hold up best on the back of some. promises on spending. If those promises do not come through, I worry. So in the important names, analog devices, bearish phase, ASML holdings, bearish phase, applied materials, bearish phase, arm holdings, has come up pretty nicely to support earnings, the market didn't like them, Broadcom, holding up better than most. Advanced micro devices, a highly touted semiconductor has crashed in the last year.

55 to 60% is a crash, right? KLA 10-Core, Lynn Research, Micron, Marvell was strong and is now tumbling. Microchip, a crash. Qualcomm, Semtech was strong and is now tumbling. Texas Instruments very weak, and we finish with Taiwan Semiconductor, which is starting to weaken.

So I just want to let you know, We don't own any semiconductors, and we don't own bare market. And we're letting you know, wow. It's a wow what we're saying because in the path, the semiconductors have led the market down. But the market right now is in a multi-month range bound for the big indices, and they tease the upside and now back in the middle of the range, just above the 50-day moving average

and we'll see what the next few weeks bring. But I want to start with the semis because, wow, and they've been talked up like there's no tomorrow. Stay tuned. We'll be on top of that. It is the group that we watch the most. Second is the big banks' financials

and they've been acting pretty decent. Goldman Sachs, J.P. Morgan, They were down today because the market was hit, but they were nearly high. Up next, what else are we seeing? Thanks for being here. This is the one known Investors' Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.

We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized. services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an

appointment for a complementary portfolio review. The number to call is 888-422-559. That's 888-4-2-2-2. 555-59. That's 888-422-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. 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 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? There will come a point when it will mature.

Right? My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant 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.

Amazon Hub delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you,

and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits. earn more, gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery.

Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner. That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st.

Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, Oiraida, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy-drive. up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. It's time to switch on the integrator units and get the brain cells working. You're listening to

Hey, this promises to be fun. Investors Edge. The last bastion of quality programming with Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. Thanks for being with us today. Ladies and gentlemen, I want to take a moment of your time to talk. And I'm always, I don't know if you know this. I think I've said this before. When I want to learn about something, I really go neck deep. And one of the things I read up about a lot is about cancer.

And the reason I do is because I know so many people that have been touched by cancer and die from cancer. I'm sure all of you also. And every now and then I find something. on cancer that just sticks out. So let me read it to you. Scientists have discovered a switch that reverses cancer cells and what is being described as a major breakthrough.

By activating this molecular level, researchers in South Korea were able to revert cancerous cells back to a healthier stage. This allowed them to tap into the critical moment before normal. cells irreversibly transform into disease cells and halt the progression. Quote, this finding provides a new approach for cancer treatment by rewiring cancer cells rather than eliminating them. This is from an oncologist, a retired oncologist from Memorial Sloan Kettering Cancer Center. Wow.

To better understand this hybrid state, you can think of waterborne. boiling at exactly 212 Fahrenheit. There's a brief moment when water is neither fully liquid or fully steam, similar to how cancer developments includes a short window where cells are both healthy and cancerous. Traditional cancer treatments focus on removing cells through surgery or destroying them with radiation or chemo. But the new research appears to have uncovered a third approach that can allow cancer patients to regain the healthy cells. Wow. This could potentially lead to therapies that are less toxic than radiation and chemotherapy. And by the way, I know people that have had radiation and chemotherapy, that crap is no fun, kids.

those therapies damage all cells in the body, not just the cancerous ones. And that causes the debilitating side effects that can ultimately make patients develop more diseases. So just let me know, to me that was a big one. And we'll just, we'll see what comes of it. And leave no doubt, there have been so many breakthroughs throughout the years. People will live in much longer than they used. used to. By the way, this is in the daily mail.com. You can go check it out. And I'm going to look into this more. Wow. And I have a couple of good friends that are big time oncologists and see what

they have to say about that. We segue. Well, Doge. Look how we segue here. Just let you know that Trump has now directed Elon Musk to review Pentagon spending. I don't know if you know this, but the Pentagon has failed a bunch of audits. And there is, from the Pentagon saying, they're kind of sort of missing or can't account for like a trillion bucks and stuff. And I was just thinking to myself, wait a minute. wait a minute the Pentagon can't account for

a trillion bucks and stuff and that's not the lead story and the newspaper are on TV I am pretty sure they're going to uncover trillions trillions

and do you know how I know this have you seen the people yelling and screaming about it and upset about think about this somebody going and trying government and make it better and accountable to you the taxpayer

by the way every dime the government spends is from us and of course when they didn't have enough oh they're just 36 trillion over and I saw some of these politicians out there today yelling and screaming about Elon Musk

not accountable, accountable, accountability, account this. Talk about no accountability, running $2 trillion deficits, $26 trillion in debt, oh, the Pentagon can't account for a trillion bucks. And then, of course, we're finding out from this U.S. aid where the money's going. And if it wasn't so sick, we'd be laughing. It's like a comedy act where some of this stuff is going. And we're going to bypass the list today because I are other things I want to cover. We'll get back to it on Monday.

You wouldn't believe. And I was thinking today, shouldn't it be tough to get government money, especially government grants that never have to be paid back? Shouldn't you have to go through hoops to get government money? to get government grants? Shouldn't it be easy to make government accountable? Why is it hard to make government accountable but easy to get these government grants

to the point where holy crap, we already started you on the list. You remember some of that? With topsy-turvy. And I hope we don't find out that some of these people yelling and screaming about

it were part of it we'll know soon enough and we'll report on it we segue again housing stocks as my nanny annie used to say oi vey and ladies and gentlemen definition of a bare market are the patterns that the housing stocks the home builders are making. Lenar has gone from 186 to 122 since September. By the way, interest rates have come down, yet they are plunging. Just let you know. DR Horton, that's just another one.

New Yearly low. They're in a void, by the way. They have been a void since August, September period. when we put an a void on them. And I don't know what's doing this. We hear all this talk about not enough or too tough or what have you. We're just letting you know the home builders are in quite the bare market and it worsened today. Up next.

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

because the biggest change is not technology, 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. Amazon Hub Delivery wants to partner with your business. Help your business. Help your neighbors. Discover a new stream of income for your business

when you partner with Amazon Hub delivery. You and your team will deliver Amazon packages to customers in your neighborhood on a schedule that works for you, and you'll be paid for every package you deliver. Getting started is easy. There's no delivery experience required, no long-term contracts, and you receive weekly direct deposits.

Earn more. Gain exposure for your business. Apply today at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Know a local business that would make a great partner, a local coffee shop owner, florist, automotive shop, dry cleaner, you name it. Refer a business today and earn $500 when they successfully join the program. Visit Amazon.com slash hub delivery to learn more or refer a partner.

That's Amazon.com slash HUB delivery. Now looking for hub partners in your area. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to. And welcome once again to Investors Edge. So remember we told you that because of the back spasm, is all that we took our time getting going again, making sure we're in good stead and stuff. And of course, we were already in decent shape. We're not a big, you know, overweight or in any of that.

So we knew that we can really make gains even at my age in the 60s now. So just letting you know since Jan 1, and we started before that, but I amped it up Jan 1. We've averaged daily about 15,000 steps. A lot of them incline. We have this incline trainer that goes up to I think 50 or 45, but yeah, you can't do that. But we'll go 15, which ain't easy. but most of the time we're between three and eight. So we're averaging 15 a day

and we're doing 15 sets of working out about six days a week. We've knocked off since Jan 1, 11 already, and dang, what a difference visually also. What a difference. difference. And again, I wasn't out of shape because we were pretty smart about that. But at this age, I said, man, let's try to turn back the clock and see if it really works. And it does. We'd just let me know. And I've already before that, I don't eat chips, dessert on occasion.

I drink no alcohol, no sodas, no juices. We'll have orange juice that, you know, and you know what I mean by sweet juice. Very rarely pasta. If I have bread, it's rare and it's whole wheat. And I kind of not even bread. It's more like the thin whatchamadugis. I don't eat past 7 p.m. at night. And dang, little dot I know, 11, down 11 already.

And the goal is 10% body fat. We'll let you know how it goes, but I just let you know, I'm in my 60s and it is working damn good. And the first thing I do every morning now, what do you think is the first thing I do? I work out. and before the market opens, I'm usually on already done with 5,000 steps, which is about 40 minutes. And that's not even, I'm not even jogging that much. Jogging, you do, of course, you do steps quicker. But I do throw in the jogging also.

I don't do speed running or anything until I get down to 10%. I will not be doing sprints until that point. So just letting you know, at any age, get going. I can promise you you'll feel so much better. Cheat meals, you know what they call cheat meal once a week. You know, I'm in New York City right now. I'm trying to get into Fort Charles tonight. That'll be a cheat meal.

I can promise you that. For the best restaurants in the world. If not, we'll do something else. probably no boo my you know my favorite restaurant so that'll be a little bit of a cheat meal but not bad so just let you know and if you want have any interest in knowing what exactly what we're doing you can email me and I'll just give you a little uh we'll email you back with the info on it but it's just a matter of being focused making it a part of your life making a point of doing it, making it a point of doing it, and not even making it, you know, the word habit, it really

is who you are. A habit is something you got to adjust to and all. I'm talking about making it part of who you are. And I can tell you, those that are a little bit overweight or even more, it comes off even quicker, especially if you're not working out, eat well, because your body starts the transition real quickly, real quickly. And we segue again. So a couple other things that have me,

and again, we're in the market and we have some stocks and so far so good. I don't like how the way the mergers and acquisition companies, the private equity stocks, black rock, blackstone, Evercore and some of the others they're not acting very well. KKR just in my file manager

I do own Goldman Sachs which is not necessarily they do a little bit of that but their business is much bigger than that. Just letting you know I mentioned the home builders I mentioned the semis

retail Costco strong the worry it's trading in the 60s times earnings. There are a few others that are on the strong side. Ralph Lauren, which is apparel, strong. Something called tapestry, strong, apparel.

Urban outfitters, strong, but starting to waver a little bit, but strong. William Sonoma, strong. BJ's wholesaler strong Walmart strong but as I go down

I have another column of retail a lot of it's really weak just letting you know very mixed bag on the retail front and as you know

we are not going to own anything in down trends, anything in bare markets. But we just want to point out, coming out at the end of this week, we're always looking for outcome. And we've heard about bull markets and bare markets and this and that. We're just letting you know there's still plenty of stocks that act like the south end of a northbound jackass. You'll have to try and picture that, by the way. And those are areas that are like, dang. You also already know about the commodity areas. The steel, the copper, the aluminum, the coal, and that also. The oils acting terribly also. So just letting you know while we talk up what's good. The great reactions to earnings, you've got to be very, very stocks and sector specific right now,

because as I do my scans, and we'll scan 1,500 names, at least half. Ew. And that's okay, unless you're one of those diversifieds that own half of the ew when you don't need to. We'll see how it shapes out. But I think there's going to be a lot of moving parts. as we go into this week because as the president said this coming week we're going to talk about his words retaliatory tariffs on any number of countries that's new and again the market was acting okay today down 444 on the Dow only 1% but when you're dealing with range bound once one percent's

count. S&P 57, NASDAQ 266, make that 268, NASDAQ 100, 282, advance declines, 3 to 1 to the negative, and more new yearly lows than yearly highs on the NASDAQ. They're about even on the New York. So stay tuned, it's getting quite interesting, if not already interesting. earnings, a lot of them are out, the big ones are out. We want to let you know that Amazon was down nine and change on their earnings, but all that was doing is pulling back from being very extended. We do want to let you know Google also gap down on its earnings, and Google at the close today broke the 50-day moving average.

Guess what happens to that on our screens? It goes into the bottom part of the big name. which by the way includes Apple, Microsoft, Qualcomm, Tesla, and a few others. Up next, what else we got for you? This is the one knowing investors ad. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Gambata. 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 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? There will come a point when it will mature. My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very, very.

large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business.

Plus, Amazon Hub delivery makes it easy to get started. There's no upfront costs, delivery experience, or long. long-term contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points.

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

You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investers Edge with Gary Culper. And welcome once again to Investor's Edge. You know what I must do? As you know, I've gone to a lot of big sporting events.

This golf tournament in beautiful Scottsdale, Arizona at the TPC, the PGA tournaments on this weekend there, I think I'm going to have to go one year on a Saturday or Sunday and just sit on the 16th hole on that par three because that's like an event. Somebody hit a hole in one today. The place went nuts. and all you wonderful people in Scottsdale Phoenix, I guess you can attest to that that have gone to this tournament. Boy, they've put on a great tournament there. I do know they have to,

I hear they have to deal with some people that did a little bit too much on the alcohol sign. I guess they put some new rules in or something like that. We'll see. Which has a segue again. Super Bowl. As you know, I think we've lost three or four Super Bowls since 2000,

giving you out our picks. And I must admit two of our picks, we took the Giants over New England twice. That was with the heart, not the head. If I would have told you for real, I would have taken New England, but you know me and the Giants. If I was to take a side,

I'd be on the Eagles. And that's tough. to do because I've always been a big believer until you beat somebody and Kansas City knows how to win. But if I had to take a side, I'm taking the Eagles. I like the combination they have. I love their offensive line. Sequehuan and Hertz that one-two punch. And do not forget, they have great receivers also. So if I had it to take them. take a sign, it's Eagles, but my bet, the bet, is the over. I feel like this is going to be in the 50s or 60s.

It's a feel. And I had the over in both the championship games, the NFC and the AFC. And just remember, anything is possible. it just feels like a 31-28 or a 31-24 even more than that that's what I'm going to be doing

it's not going to be a big one and there have been games Philadelphia against Washington for me was a big one I really love that anyway good luck to both teams let's have a great game hopefully the refs man oh man

I feel bad for them I don't believe well I hear Casey gets 90% less calls I don't know if that's true or not let's hope the refs do a good thing which has me segueing again

how to hell does the NFL Hall of Fame not put in Eli Manning two Super Bowls not good enough but I'll tell you what I was happy with Sterling Sharp go look at a video

it's on X of Shannon Sharp his brother who Shannon Sharp I love you ever watch him I love that man went to Sterling Sharp's house to tell him and you can tell the emotion in both of them

Shannon Sharp says it was the best day of his life, even though Shannon's been put into the Hall of Fame already. That is brotherly love. Go check out the video. I think it's only two minutes long. And that is our sports wrap-up for today. And let's hope they have a good Super Bowl. Don't drink too much, ladies and gentlemen.

Just take care of yourself. And if you're in New Orleans, really take care of yourself. By the way, I love New Orleans. Haven't been there in a long time. I was there for the final four when Keith Smart hit the final shot at the buzzer against Syracuse and stayed in the same hotel as the Indiana team. At that time, it was the Hilton. And yeah, I was up to late in the morning because you couldn't go to sleep because they were parting outside my door the whole night.

That was a great game. Anyway, enjoy the game. But my giants, woe is me, woe is me. And woe is me. Speaking of woe is me, we'll go into next weekend with another uncertainty from the president on what he meant by retaliatory tariffs on any number of countries. I think that was exactly his words. Let's hope he changes his mind. let's hope if they are tariffs they are small

and let's hope if he does them put them in keep quiet and don't do any more you know what we think of them you know what we think the definition of them are you know who we think look I take it back you know who we know

pays those tariffs by definition I suspect next week's going to be quite the interesting week. A weaker market enables me to isolate strength because it sticks out like a sore thumb. We will start with all the companies that reported earnings and gapped up in a very big way and we'll look for those ones with accelerating revenue and earnings growth because whatever they do is in demand and we'll sit on them and sit on them.

And if the market continues to weaken, we'll watch the market. see what holds up best because when the clouds clear from any type of weakness, the cream, I hate the cliche, but the cream certainly in the market does rise to the top and it's usually those names as we said that hold up best while there is strife in the market. So far, a bad day. So far in the middle of range. And let's hope it's stays that way. Better days ahead, weekday today, half the market, ew, the other half will be on top of. I mentioned big banks remain very strong versus the market. Even the regional banks were coming on this week to a certain extent, but we'll stay with the big ones. If anything

changes, we'll let you know. You all have a great weekend. Drive carefully. 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 they will be well.

Serenity now. Good night all. Bye bye. This has been Investors Edge with Gary Coltbaum on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Want to earn extra income for your business? Amazon Hub delivery is looking for ambitious business owners to assist with local

deliveries. When you become a partner, you and your staff will deliver packages to customers in your area on a schedule that works for you. With each package delivered, you'll gain extra income and exposure for your business. Plus, Amazon Hub Delivery makes it easy to get started. There's no upfront costs, delivery experience, or long-term contracts required. Sign up to learn more at Amazon.com slash hub delivery. That's Amazon.com slash HUB delivery. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor,

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