Investor's Edge with Gary Kaltbaum - Tariffs are great! [04.21.2025]

Episode Date: April 21, 2025

https://garykaltbaum.com/

Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort.

That's Tommyjohn.com, Code Comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome again to Investors Edge. I'm Gary Colbom, your host. A thanks of being with us today.

Glad you here, ladies and gentlemen, happy that you are listening. It's Monday, April 21st, 2025, and we're talking fast because we've got a lot to cover. In case you don't know, this is serious talk on everything that affects you. We'll do markets. The economy, your job, your industry, the market's imploding, Trump, tariffs. I don't think we need to cover anything else but that. And in case you do not get this radio 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, X, you should. And if you'd like to email us, just be nice. And also, we'll post it on a bunch of podcast apps. First off, my father, who last one, Wednesday, the rabbi came into the hospital room. The doctor, when I asked him, we thought we were having a funeral this past weekend. And on Thursday and Friday, the pneumonia went away. They got rid of the fluid on the lungs, and they sent him home. The doctor says to me, this is probably one of the most strong men I've ever met.

That said, very frail, very weak. We are fortunate enough to have unbelievable help. If it was this, if it was that, my expectations are very simple. Every day is a good day. That's how we're looking at it, as he is 93.5 years old. We appreciate all the kind wishes. I must tell you, and I guess this is just part of life, the emotions that I am going through is all over the freaking map in that, boy, he's 93 and a half.

Wow, what a success. But then, boy, any day, any week, any month. it's kind of like what we said about our mom that we was so heartbroken when on Thanksgiving night she passed away but at the same time relieved because of what she was going through towards the end

my father is not in that realm but not great so every day is a great day and I sat with him this weekend I had bought two Archie Bunker chairs that have massage and heat and really soft. My father can't thank me enough. And we just sat and watched some basketball and some politics.

And I didn't want his blood pressure going up, so I turned off the politics. And watch, just so you know, they have a channel up in New York that has the old Superman, the old Superman. I watch four of those. George Reeves is the guy's name, I believe. That was like ages ago. Let's move forward. Well, let me just say this. The Dow was down 971.

Almost a win, I'll explain. The S&P down 124, almost a win. The NASDAQ down a juicy 415. Almost a win. The NASDAQ 100 down 450. Almost a win. Transports 272 to the downside. almost a win. The socks down 80. Almost a win. Advanced decline sucked. The exact opposite of what we

saw on Thursday when we had a good advance decline day. I'm going to talk a little bit about the dollar, our dollar against other currencies are swooning. Interest rates. Oh, and boy, oh boy, I'm taking on Trump today. Hope you don't mind. Just remember, we've been right. He's been wrong. Is that okay? Is it okay we've been 100% right about tariffs and he's been wrong? Defined by what about $9 trillion of wealth lost in the markets? We'll get to that too. Anyway, we're saying almost a win because the Dow today at one time, 37-830340 was down 1,300.

Still finished down 970, which is not good news. The S&P at one time today, 57, was down about 180, finished down 124 again, was not that good news. Great, NASDAQ at one time today, 15685, damn, was down 600. Finished down 415, I don't need to do any others. I'm going to say some very strong and stiff statements based on the fact we will, warned you, not about the markets. We'll get to that in a bit, but about the tariffs. What most people don't understand, and I'm speaking to the people that think somebody cannot do anything wrong.

And we've always wore, one of the things I taught my kids, you're your most vulnerable when you think you can never be wrong. So you got the president who won the election, and he thinks he's never wrong. And even today said tariffs are doing great. Yeah, sure, right. Three things. One, they're not telling the truth about the tariffs. The tariffs are paid by us, not China. Number two, I keep getting asked, well, then, why is everybody else doing tariffs?

Well, maybe the fact that we were doing less tariffs is because we're smart. When they put tariffs on us, they're hurting themselves. and why do you think the president completely backed away from all those tariffs on all those countries and what was the 145% on China? And now they're cutting deals left and right where they're not cutting deals? So we were right about that. The markets have lost a ton, but there's more than that at this moment. Listen carefully.

Confidence in this country. trust in this country you can look to a couple of things and that is our dollar against all the other currencies and our bond market our currencies getting hit hard now I must tell you not necessarily the end of the world unless it continues

that's number one number two there has been no bigger critic of Jay Powell than I. There's nobody's been a bigger critic. I started on him Christmas Eve 2018 when he went from raising rates to not because the markets were down.

We ripped them about the $9 trillion printed money because of COVID, causing all kinds of crazy dislocations, distortions, and the massive inflation. No louder voice than us. But Trump is a thousand percent wrong. right now on Jay Powell. Not about firing him. I think Jay Powell should have been fired years ago.

But on what should be done. We've tried to explain to, and it's not easy to explain that there is the Fed Funds rates that Chase Jay Powell. He moves those up and down based on whatever they decide this thing. The Fed Funds rates are simply what banks charge to each other and lent to each other. and it kind of sets what is known as monetary policy on whether they're easy or tight. But we have told you a thousand times, watch the 10-year yield. Screw the Fed funds rate.

Jay Powell only mattered a craplode when he was printing to $9 trillion and created all that crazy, including the froth and the speculation. but there's something happening right now that President Trump just doesn't understand. He is now out loud calling for the firing of J. Pally, called him a big loser today, which number one is the mistake. The president should not call what's arguably the first or second

most important money man in the world a big loser. That's confidence, intangible. But he's calling for Jay Powell to lower interest rates, his Fed funds rate, here's the problem. When Jay Powell lowered his Fed funds rates from five and a quarter to four and a quarter, the most important rate, free markets, the 10-year yield spiked. Why would that happen? Well, if the market believes they're no longer fighting inflation and there's some inscipient, notice the big word inflation, interest rates will go higher on the long end, give the middle finger.

to Fed funds rates and there goes mortgages and all kinds of other crap. The president doesn't understand this. And I'm amazed his advisors do not understand this. The president can have Jay Powell lower rates today and rates go higher. Up next. I'll expound. Another big word. This is the one only 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 complimentary portfolio review. The number to call is 888-4-22-5-59. That's 888-4-2-5-9. That's 888-4-22-5-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Guys, it's no use putting it off. The best time for an underwear refresh is now.

Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John, comfort perfected.

This message is brought to you by the Capital One Venture X. card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital1.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives,

and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. called Bob. It doesn't get better than this. I've been a little remiss. Actually, it's a lot remiss. The first thing I should have come out with today is in respect. Those Christianity, Pope Francis passed away at the age of 88.

He was very ill. Amazingly, he was out yesterday out there. But he was very ill, and he passed away. We're being told he had a stroke overnight. may he rest in peace he was the first Latin American pontiff and very one of the humble

I don't want to get into the politics of it the man passed away who cares but he died of a stroke put him in a coma and led to heart failure a very humble guy it is well known that he used to as Pope would wash the feet of others. Wow.

Anyway, I should have mentioned that right off the get-go. My bad. Okay. So, President of the United States, our president, has no clue about the bond market. I cannot believe his Treasury Secretary has no clue either.

He should be in his ear right now. Hey, President Trump, if he lowers the Fed funds rates, that may force the tax. year yield higher because here's the problem, ladies and gentlemen, because of the tariffs and not just the tariffs, but the inconsistency on the tariffs, the ever-changing of the tariffs, I mean, by the hour, the changes of stance, the making everybody else the enemy, saying out loud, this is our president, that they are all kissing my ass, ass. He's saying the leaders of other countries are kissing my only say it once. They are kissing my butt.

What do you think those leaders? Most of them elected, I gather there's a couple that weren't. What do you think those leaders have in common with President Trump? Well, they think highly of themselves, don't they? They have big egos, right? And I don't say that as a pejorative. Another big word from Gary today. Do you realize that he's saying that of other leaders of other countries and do you realize we've cut absolutely no deals even though this administration keeps coming out? Oh, we got 15, we got 20, we got 50, we got 70, they're all calling us. And do you realize that maybe it gets better tomorrow? Mexico says, no, we're not given into that. Japan said we're not given into that.

The total mishandling. I keep hearing the art of the deal, the greatest negotiator. It is just a complete mishandling of this whole thing, not just that the tariffs are bad. And what is happening? Listen carefully. Because if it continues bad, if it gets better, we'll let you know. Not only is our dollar getting squashed versus other currencies making it more expensive if you want to go visit the other places. But they're selling off our bonds while we have the idea that inflation is better.

Why would interest rates spike up? Why would they be selling bonds? It's because there is now a clear lack of trust of the people running our country. And anybody who disagrees with me is just in the tank. because we are just telling you facts and it worsens when you are the president and you call the head of the central bank a big loser I can say that I'm nobody

not the president and when you call for lowering rates they see like you're making people into the fall guy do you know what kind of emails I am getting right now I'm getting a ton of emails from people who love Trump saying they hope he resigns. I'm not making this up.

I want this guy to do great things. And we told you from the get-go, what he should do is come in, make the tax cuts permanent, close the border, and then fix up immigration, making it less onerous to become a citizen,

cut the size of government, fight crime and get the hell out of the way. No. Tell everybody they're the enemy and they're screwing us and that we're changing everything on trade while business is trying to do business. And on Monday you say one thing. On Tuesday you say another.

On Wednesday you say another on Thursday. You say another. Business, I'm hearing from all avenues of business now. of uncertainty and slowing down. Microsoft data centers, Amazon on Amazon Web Services. Those are the big ones. Forget the small ones. Travel to the United States is way down

because people are afraid to come here because how they've messaged the immigration thing where they did a marvelous job on the border. But the rest of it, an administration has to be able to convey. People in other countries think if they come here as tourists, they're going to get locked up. I'm not making this up.

Go look it up yourself. Don't even believe a word I say. That hurts the economy. The number recently was 70% Canadian flights to hear. They canceled flights. They just got rid of it because of how, Lesser people are coming over here. This has all got to change.

There are countries that are our enemies. Russia is an enemy. Iran is an enemy. The Taliban is our enemy. The European Union is not our enemy. The United Kingdom is not our enemy. Japan is not our enemy. Israel is not our enemy.

Vietnam and Taiwan, they're not our enemy. But that's what they're saying. And they're using different language. But any way you put it, you're saying they're screwing us. And I got news for you, as I have told you, if we have a trade deficit with somebody a lot smaller, because we're big. And if you want to fix things and you're the greatest negotiator of all time,

sit down with them. Don't stop commerce. You know what the president's going to have to do now? and still trust back into his administration. That's not easy. Up next, we'll put a bow tie on it, talk the rest of the markets, I got a few other tidbits.

This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less.

Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit. for less than you expect. Elevate your earn with unlimited double miles on every purchase,

bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain.

Symptoms include buying microphones you don't need. explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads,

meaning your podcast might someday pay for, well, more my podcast. microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, back on the trust part. Forget every word. I have said to you, go look at the chart of the bond market and the dollar. You don't need me to say anything. I'm a nothing. I'm a nobody. What have I always said to you about the market?

It's got big ears and a loud voice. And sometimes the ears are really big and open wide and sometimes the mouth is screaming. go look at the bond market, go look at a chart of yields, and go look at the dollar versus other currencies. Today's drop in the market was one fold. Trust slash confidence in what's emanating from here. And once you lose that trust, not from the MAGA crowd, I gather they still love them. but we're talking the markets. And now, unfortunately, the minions that are in the tank are joining with Trump on Powell. Little do they know Powell's saving is but.

What, you're going to drop Fed funds rates from four and a quarter down to four? What be? What is that going to do? The three and three quarters, what is that going to do? Because if in turn the 10-year yield goes up, that's your mortgages. Now, if Trump wants them to print money again, that may have a good effect near term, but here comes the inflation again. How do you like that inflation?

Was that good for you? I try to reach out to this administration. My own dime run down to Mar-a-Lago, but even if I got there, I don't think you'd listen to a word I'd say. All I know is we're down another 9771 Dow points, 415, NASDAQ points, 450 NASDAQ, NASDAQ 100 points, 272 transport points advanced declines were terrible again and

in many of the big indices we're in the middle to the low end of the day he put on the pause of the tariffs whoa remember that day do you know on that day the NASDAQ

once it was announced went from 15-270 the 17202, 2,000 points before you can blink. We're way down now. Picking all that up, even though we're still on pause. The S&P is way down from that day. So all we can tell you, buy the book, B-Y, the book. Every major index is below the declining 50-day moving average, which most of them now below the 200-day.

They call that the Death Cross. New Yearly highs, hardly any. Today they got the things that were holding up best. I got to tell you. You know what was holding up best? Defensive issues. They got them today. Do you know why they got them today?

Because they were sticking up. That's why. Because eventually they get them all. Some of the strong growth names like Spotify, DoorDash, down big. CrowdStrike, Mercado Libre, down big. How about Costco it was trying? Getting whacked. Team Mobile. Phone company. Hit hard. These were holding up pretty darn well. They were getting everything today. The drug stocks they got today. They even hit the garbage collectors, the waste management companies.

What was up today, gold? Why in gold? Get me the hell out. Gold stocks, though, be careful about them here because they are stocks. and as I go through my scans and go through my screens, it was just a sea yuck. A little better by the clothes. I got to tell you, the socks today was down 80. But I will tell you at one time today, 30 and 60, 150.

And I got to tell you, a lot of the get back was in the last hour. I wish I had better things to say. I would love to come on here and just compliment the hell out of them, which I have done. I couldn't be happier what he did at the border of the president. Saved lives. What a great thing to do. He's saving lives at the border.

Love the backing. The backing of Israel. And the students at these moronic colleges. Love that he wants to fight crime, though I'm pissed off what he did with J6, a blanket pardon. So I'm not 100% there. love that he wants to make permanent the tax cuts, but now we're hearing from him, consideration of raising taxes on the wealthy.

I'm like, wait a minute, we could have got that from Kamala Harris. So we wish him well. We hope he does right things, but right now, the markets themselves don't trust by selling off our bonds and selling off our dollar versus other currencies.

And if that continues, the markets will continue to swoon. Simple as that. And I got news for you. This so far. Well, for some things, it's more than garden variety, but for the big indices, it's garden variety. What if it turns into something worse? Now, the Russell 2000 is 2466, 1840. let's call that 600.

That's about 24, 25% on the Russell. That's garden variety. 2008 was 56% for everything. We don't want that. He's got to get rid of these tariffs. It's a must. Just get rid of them. Just get rid of them.

You don't have to say you were wrong. You don't have to say you made a mistake. Just get rid of them. We decided to negotiate in good faith with everybody. and see how it goes. That's all. And let me add one other thing. Any deals that get cut?

They're going to sell them as the end-all-be-all, but I got news for you. We already have deals with most everybody. And as I have said to you, they have oversold everybody cheating us. You know how we complain about the Dems, that they've used climate change, the scam, the con. They're overselling. trade deals and the tariffs and what needs to be done. It's oversold and the markets know it. They've got to get away from this. Now, as far as markets, what else we worry about recently? Besides just totally breaking down everything. We've had froth. Newsmax IPO at 10 bucks,

opens at 14, goes to 265 in a day and a half. It's back to 20. We don't want to see froth like that. They had this other one, Wee Bull. It was a SPAC. Went from 10 to 80 in a day. It's back to 24. We don't want to see that. We don't want froth.

Froth usually happens at tops. Not bottoms? Froth doesn't usually happen after markets crumble, but we're getting it. That's not good. That's market talk. And as far as I got about 85 to 90% of stocks in downtrends of different bearish phases, bear markets, whatever you want to call it, some deep bare markets. The AI trade remains dead.

The AI trade is dead. Worsen today. Not at recent lows, but just major stiff downtrends. And now we're hearing of slowdowns on the data centers and things like that. that. Nvidia, off-talked about, back down to 96th and change, almost 97. Bare market. And that's the head honcho, top dog, big cheese.

How about like a meta? That was part of the AI, right? Do you know meta is at a relative low, even from the move off the lows recently, the crash lows? It's back there. That is what we call weak is all heck. So I don't have anything really great to report to you. Gold. Bitcoin was up today on its way to $1.5 million.

That was sarcasm. And they hit most everything today. I see some China stock screen. I see a couple of semis green. I see a cut. Well, the dollar general dollar tree. We've been talking about the dollar store is very defensive. But mostly a seared.

Up next. Yeah. this, that, and the other thing. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero chafe thanks to four times more stretch than competing brands.

And their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step

closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes

it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!

In The Wester's Edge. With Gary Culper. But, you know what my biggest complaint of the day is, right? The last match of the second day of WrestleMania, I don't understand. They've been writing some great storylines that have been keeping us riveted. You got me on that one. That's all I got to say. And hopefully they remedy it in short order. Of course, I'm not going to get into the whole thing,

but Cody Rhodes did lose his championship to John Sina, who has now supposedly the record of 17 world championships, even though I believe Rick Flair had like 21, but that's okay. The way they did it was not happy. They've been doing some great writing. that was pretty bad. But there were some great matches.

And I would have been there if not I was with my dad. And we'll see what Monday Night Raw brings tonight. I expect some remedying it. A few other things to bring up. Just so you know, every day I try to get bullish. But things have to line up to get bullish. And I can tell you as I look at my left screen and see 90% of the stocks read

with a ton of stocks just absolutely blasted and economically sensitive in the software and internet and AI and all that crap but gold's up you can't get bullish when I look at my middle screen which are the oils

forget about it the auto dealers forget about it Eli Lilly was up on drug news last week down 21 today McKesson one of the strong drug companies down 14 retail forget about it Costco down 36

I can go on Burlington down nine today then I look at the medical smacked then I look at the transports down 272 and of course they've been in steep down trends and that's the rails and the truckers and FedEx and UPS and the travel related

like the hotels and the cruise lines and the airlines and then I look at the hospital stocks getting crushed today I haven't seen any news on that and then I look at insurance stocks today that would just bludgeon and they were holding up pretty well. And then I look at the next column of economically sensitive names like Parker Hanofen, like Snap-on tools like Sherwin Williams

and United Rentals just crushed today. I can't get bullish. And then I go to the financial column and see BlackRock Down 21. Blackstone, a not unimportant name back at lows of the crash. That two-day meltdown gives us pause. And Goldman, down nine. And Berkshire Hathaway, Warren Buffett, that the stock's been strong, down 11 today. No fun.

And then I look at Apple down 4, Broadcom, down 5, Amazon down 5, Adobe, down 9, Salesforce.com, down 11, Dell, Google, Microsoft, down 9, meta, down 17, and video almost 5, Oracle 5, SAP, which had been strong, down 7. Tesla down 14. I believe they report numbers tomorrow. And remember what we warned you about Tesla. All I've been hearing, all I've been hearing from people that are bullish on Tesla, robotaxies and this, that, and the other thing going forward,

they don't mention, they're selling a lot less cars around the globe than they used to on a year-to-year basis, which guess what is not what I would call the death knell but it ain't going to help a stock and I could tell you that if Tesla breaks below 2.14 not good they'll report tomorrow then I doubt the numbers are going to be good but they'll talk up a good game and I'm pretty sure we're going to hear that Elon Musk is leaving Doge and it'll be right back at the company but we already heard that and the stock popped for a day and they

brought it right back down. And then I look at the Dow and see, oh, Nike was up 36 cents, but the Dow stock was down. And United Health, which is the most important name because of price, down another $29 today after getting trashed on Thursday, what, for $100-some-odd bucks? It was like $800. On their bad guidance going forward. So I can't get bullish. And in the Dow, America can express an important financial name, down nine.

can't get bullish. Home Depot, down eight, can't get bullish. And the list goes on and on. We know what good charts look like. We know what good patterns look like. We know what bottoms look like. We know what tops look like.

We know what uptrends look like. We know what downtrends look like. And I can tell you, lack of uptrends, a hell of a lot of downtrends. And until that changes, that's how we roll. as we try to get bullish every day. And of course, as I mentioned, prices going into that pause day

where we had the big rally. Calling into question, is this more than just tariffs? Froth recently calls into question. So a lot of things going on, but we do know one thing. We do not buy stocks in deep down trends,

and when everything's in deep down trends, we are going to be on the outside looking in simple as that and when things change i will yell and scream at you i will let you know netflix was up 14 bucks today on its earnings was up 40 at one time because i'm not so sure too much is going to get the heck out of here to the upside when the market has a mallet overhead now we're going to have thousands of earnings reports in the next few weeks it gets real hefty this week like tomorrow's 3M in the Dow, GE, Lockheed Martin, Verizon in the Dow, SAP this week, Capital One, Financial, Boeing, I can give you a big list.

We will pay attention to every one of them and what they say. The question is going to be, is there going to be a lot of guidance worry on tariffs and uncertainty. We're thinking we may hear a lot of that from the chieftains of corporate America. And I got news for you. Normally we'd make fun of that right now. I think rightfully so. Rightfully so. We're hearing from restaurants about having to raise prices because of issues.

Stay tuned. We'll be on it. We're wishing the president well. We're behind him 1,000 percent, but got to change the stripes. Have a great evening. 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. I'm out of here. 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. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card.

Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.