Investor's Edge with Gary Kaltbaum - Teasing Markets!

Episode Date: April 17, 2023

Follow Gary on GaryK.com or http://garykaltbaum.com

Indeed, sponsor jobs gets you quality candidates when you need them most. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsor job credit to help get your job the premium status it deserves at Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for indeed sponsored jobs.

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, your host. A thanks of being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.

It's Monday, April 17, 2020. Hope you had a good weekend. We are back. Lots to cover. Lots to do. Ladies and gentlemen. You know we do markets here. And just so you know how markets work, they condition you.

The words you hear every day conditions you. Bad news sells. You ever turn on your local news and they start off with good news? Do they ever start off local news about a hero in the community who did something good? or do they talk about who was shot? Bad news sells. We're here to let you know. We don't let any of that bother us.

We acknowledge it. We investigate it. But the most important part of the equation when dealing with markets is to ignore it and just watch the market. We have, through the years, With you, and it's tougher on radio, told you that bull and bare markets, notice we're starting with markets, isn't that amazing?

Bull and bare markets trace out the same way because all it's doing is fear and greed. That's how it's always worked. And I must tell you, if I had a dollar for all the negative talk out there, I'd have a lot of dollars, including from us. And when we talk negative, we just deal in facts. We deal in the fact of the massive debt and deficits, the gargantuan size of government, just what they do. But when all is said and done,

there are certain rules that we follow. And the number one rule is The market knows all The market traces out all You can't hide bull markets You can't hide bare markets You know how you know you're in a bare market It's pretty simple

You buy a stock and it goes down You hope it goes up and it keeps going down You buy another stock and it goes down. You know what bull markets are? You buy a stock and it goes up. And the next one goes up and the next one goes up. And the indices go up.

That's how we know. And we're always amazed at how it's fought. We're always amazed. In the brutal bare market that we have had, we're amazed every day. Don't worry, everything's okay. while a bazillion growth stocks went down 50 to 80 percent, some went down 90. The list goes on and on.

And then the bull markets were always amazed how the perma bears fight the bull markets. As we can come on to the show in bull markets and say, hey, 700 new yearly highs in the market. now. Look at this move. Look at that move. Yet they'll still fight it. And then there are other markets. You know which ones those are. We call them the pain in the rear markets. What do I mean by that? For us, bare markets are easy. There's nobody better at identifying them than us. We've proven it time and time again. Believe it or not, bull markets are not as easy as bare markets. What? How can you say that? Well, bear markets are very definable. Bull markets are very definable, but very often in bull markets, you get what we call hooks.

You can get a flash crash. We had one many years ago, a flash crash. It came right back. the bigger pain in the rears are the non-trending markets. What are those? Back and forth, back and forth, back and forth, back and forth, back and forth, back and forth, back and forth. Teases breaking out a range to the upside and fails. Teases breaking out of range to the downside and fails. Leadership, not much. Guess what we're describing?

basically what we've seen for a while. The S&P is where it was 11 months ago, off the lows of October, but in between we had a meltdown in the financials, which we think there's a good chance is over. Remember, we told you in the last couple weeks it felt like the financials was sold out. Well, a bunch of earnings are being reported and they're going up. That's good news. I digress. we're just letting you know very simply eventually markets will come out of their range-bound action

they always do to the upside or downside and in a 50-50 market I got to tell you one good day can take you out to the upside one bad day can take you down to the downside to the downside We're just letting you know there's an opportunity here for upside. And we say that while we just told you. One bad day, but the big thing that's happening here right now, we just want to let you know. Financials are getting better, and they're a big part of the equation. And we also think they're a big part of the equation that really hurt the markets in the last few weeks. The financials came in affected a lot of things.

Took an economically sensitive. We went through the list. So financials get better. So we're just letting you know as we speak. And we say this as we go into massive earnings report season. Massive earnings report season. Markets got an opportunity for some upside here. Notice I did not say new bull market, big bull move, bull markets.

this, 50,000 Dow, Bitcoin's going a million and a half. We're just letting you know on today's close really feels like the market wants to make another leg up. And why do we say this? What's another one of our rules? Oh, it's pretty simple. Watch the closes. Strong clothes is good.

Bad clothes is bad. Duh. On Friday, we would do. down pretty decently but had a strong close. Today we were down decently and just the last 10, 15 minutes. Just so you know markets were flattish with like 10 or 15 minutes to go. And we didn't finish up huge percentage wise, but we finished up well. And as you know, as we have, well, maybe you don't if you haven't heard, those are the institutions positioning. That's why the close is so important. So we're in the midst as we speak right now. We're doing our scans.

We know about all the bad news. We know there's a few thousand earnings reports to come out. We're just letting you know. Markets got a chance for some upside here. A chance. Again, tomorrow. Earnings. Goldman Sachs in the Dow. Johnson and Johnson in the Dow. Bank America, Bank in New York, two more big banks. Lockheed Martin and Defense. After the closed Netflix. Oh, I can go on. Morgan Stanley, Travelers. On Wednesday.

IBM Wednesday. Tesla Wednesday. Lamb Research Wednesday. Discovery Financial Wednesday. I can go American Express Thursday in the Dow. Blackstone. Camerica. We're just letting you know. Markets got a chance. Up next. Market wrap. Whatever else.

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, will carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-59. That's 888-4-22-55-59.

Investment advisory services offered through call-bomb Capital, management. No matter the occasion, snack time should be easy. That's why Skinny Popcorn keeps it light, airy and endlessly delicious. Skinny Pop is made from just three simple ingredients, delivering an irresistible taste without being complicated. Skinny Pop simplicity allows you to freely enjoy as much popcorn as you want. Just open the bag and enjoy. No overthinking, no tough choices. When it comes to snacking, Skinny Pop just makes sense. Deliciously Popped, perfectly salted. Skinny Pop, for a reason. By the time I hit my 50s, I'd learned a few things.

Like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSC

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

We're very good at recognizing patterns in the market Simple as that And due to the fact We work 10 times harder than most the industry and when we say that that means we are scanning the market in depth the makeup of the market the strength of the market the weakness of the market the reaction to the market market's got a chance for a leg up here can't go further than that when you have a chance look at

the s and p just when you have a chance You will notice, first off, in March, that was the drop with the financials. You will notice that the S&P just has this little look of a handle we mentioned last week, and it finished well today. What we like most about today is how the market finished, but also how the financials finished. Very strong. We love how M&T Bank, a stock that's been destroyed, was up nine bucks today, almost $8,000. percent on their earnings it's a regional bank the worry about Schwab was up a 4% today on their earnings which by the way look pretty darn good you know many emails I've

received from people is Schwab going out of business J.P. Morgan the good reaction to Friday a little bit more today though that's gonna hit some resistance real soon names that haven't reported moving up in sympathy and what we call turning of the corner Morgan Stanley up two and a half today. Mind you, they report this week. That's of help. You look at the NASDAQ, the chart. You will see how it hit 12-270 in September of last year. You will see it hit 12269 within a point, make it a half a point, in February. It hit 12-228 two weeks ago. It closed it 20269. It closed it 20. 12157 today, only up 34, but a good setup there is into earnings.

Now, when we mention NASDAQ and NASDAQ 100, again, the seven names make up 51% of the NASDAQ 100. We get that, so that can change the playing field. We know that. We're just letting you know. The setup is there. The NASDAQ 100, go take a look. very what we call tight action. What do we mean by tight?

Not all over the map. The last two and a half weeks. We think there's a shot here. And we'll see what happens. Knowing earnings are coming up. And what was interesting about today, really interesting. Market had an excuse to go down. Yields were up markedly.

The dollar was up. At one point today, the Dow was down about, 33, 790, was down 100. The NASDAQ at the lows? If I find it. 12064. 93. It was down about 60.

And then at the end of the day? Nicely. Here's another part of the equation. The semiconductors, the socks, was trading below the 50-day moving average all day-to-day, hit a low of 3,025, close only down 3.066. Guess what the 50-day moving averages? 3,053 got defended. And why do I have to bring it up? Because this morning, Taiwan Semiconductor said they're lowering cap-X. So what does that do? That hits equipment makers. You ready for this? KLA 10-10 core and equipment maker.

Hit a low with 362, close at 372, down 3. It was down 13. Lamb Research hit a low 483 closed at 4993 was down 18 finish only down 8 ASML holdings well not as good was down 34 still finished down 27 but the socks way off the lows so you had some excuses today to get a little roughed up day nope financial strong most everything else came back weakness today was gold that started pulling back Friday a little bit more today. But for me, the most important part of the equation, the financials. If the market has the feel that that's it, covered, if all the things that went down with it, well, they're getting better too. We'll see what

happens. Now, again, there's a lot of talk about deep recessions. In verse, yield curves massive debt massive deficits we've been reporting it to you just watch stocks in the price movement now what can be doing this well j pal's printing money again and when we say that his balance sheet went up a half a trillion bucks and as we have shown time and time again the markets love that crap. Does it last? Don't know. I was on TV today with Charles Payne and other guests were being asked.

We didn't have too much time to talk Fed, but other guests were being asked. Do you think the Fed will avert a recession? What do you mean will the Fed avert it? Last I looked, it's we the people. And therein lies a big problem. We've got to depend on them back. Well, I've been doing that for years anyhow. We're just letting you know there's an opportunity here and we'll see what tomorrow brings.

We didn't say it's going to happen. We're letting you know there's a setup here and a good close today. But may I repeat again, massive earnings to come. And we have absolutely no clue how things react. But the financials reacted pretty damn well. So far. saw a couple not so great but the biggie so far

good today's market wrap brought to you by investment dash models.com that's Jimura back one of the great market timers no gray areas with the man you're either in or out of the market with his proprietary indicators go check it out investment dash models.com Dow up 100 I will tell you

it was really the whole 15 last 15 minutes most of it and was down 100 S&P up 13 NASDAQ up 34 NASDAQ, I think, was with 15 minutes to go, blah. NASDAQ 100 up eight, socks down three, up next more. And a lot of news. This is the one only investor's edge. For many men, mental health challenges aren't recognized until they've already taken a toll.

Work pressure, financial stress, changing relationships, and traditional expectations around masculinity can quietly wear men down. Often without clear warning signs, in season three of the visibility gap, Dr. Guy Wynch and his guest's explore how these pressures show up, how to spot them earlier, and how men can access meaningful support. Listen to the new season of the Visibility Gap, a podcast presented by Cigna Healthcare. No matter the occasion, snack time should be easy. That's why Skinny Popcorn keeps it light, airy and endlessly delicious. Skinny Pop is made from just three simple ingredients, delivering an irresistible taste without being complicated. Skinny Pop simplicity allows you to freely enjoy as much

popcorn as you want. Just open the bag and enjoy. No overthinking, no tough choices. When it comes to snacking, Skinny Pop just makes sense. Deliciously popped, perfectly salted. Skinny Pop, popular for a reason. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will devise develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles

risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSC. 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. All right. What else do I got for the advance declines were better? 23 up 16 down New York, 26 up 16 down for the NASDAQ. Yields again up, which usually is not good news. And dollar was up usually not good news.

They took down the coins, the crypto. What else? And I got a lot of emails from what I said on TV on Friday. I just mentioned to Neil what we tell you all the time, and that is we predicted years ago 90% of the coins would drop 90% of the coins, would drop 90% or more with most going to zero, and it's exactly what happened. But we are left with a few that are trading vehicles, and there's nothing behind them, nothing to back them.

The people that are touting it are full of crap. And I mean it. I'd say it to their faces. They're full of crap. And I love, you know, the, what's her face? Kathy Wood. Bitcoin's going to a million. And now she says a million and a half.

She said by 2030, but I think she stretched it out. Do you know what has to happen? For Bitcoin to go to a million, someone's going to have to pay $999,99999 in order for it to hit a million. Just want to make sure you know that. There's still plenty of bad charts, but just good action today at the close. Areas, I mentioned financials, but they're just coming up from getting blasted. but my thought process and we told you up front before earnings it felt like they were sold out because you had three to four weeks of not going any lower but we did not know what the reactions

to earnings would be the reactions so far have been good housing stocks act well China had a good day today finally it's it's been roughed up recently not a big fan oil still just non-event they rallied up on OPEC and have done nothing since but just overall better insurance stocks moving along to the upside with the financials and the rest of the market I call it a mixed bag a slop but better new yearly high by the way there are more new yearly lows on the NASDAQ again today and almost more new yearly lows on the New York stock exchange then new yearly highs, which is quite amazing. The new yearly high list, well, we'll take a look.

I will not mention anything that is what we call no sales biotechs. But I got to mention something to you. Full disclosure. You know how we say to you we will never, ever, ever buy a stock with no sales? And we will never, ever buy a stock, biotech with no sales. Prometheus Biosciences, symbol RXDX, was up 70% today to 193. It is being bought, I believe, did I see? Before I mention who, I'm about to tell you.

Merck, for $200 a share. You ready for this? valuing the company at $10.8 billion. They have no sales. But they're in the midst of treatment of immune-mediated diseases, including ulcerative colitis and Crohn's disease. They announced positive results for a phase two placebo-controlled study, and I guess decent, but they're paying $11 billion.

Amazing. We don't own the stock. What I am happy, I don't know if you know this, my whole family, whole family, except me, has either had Crohn's disease or ulcerative colitis. My wife almost died from ulcerative colitis back in the 80s, mid-80s. She was saved. The doctors who wrote the book on ulcerative colitis, could not figure out what to do for her. She was saved by a doctor named Barry Stone, a gastro, in Boceraton, Florida. I'll never ever forget, Dr. Barry Stone for saving my wife's life, gave her massive amounts of intravenous.

She went from 110 pounds down to 75 pounds. Saved her. Hyperalimentation, I think it was called. had to take massive amounts of steroids, blew up like a balloon, but saved her life. The only outcome of it, and you know, this is normal, by the way, steroids, both her hips eventually collapsed. It is an outcome of steroid use. It's called avascular acetylachronicrosis. The good news is we did experimental surgery. One hip worked. The other one didn't, but she didn't have to get a hip replacement for about 20 years later. but unbelievable debilitating diseases Crohn's and ulcerative colitis. By the way, if you ever need a gastro, I don't know if he's still in business,

but Barry Stoney used to be in Boceraton, Florida. Save my wife's life. All right, back on the new high list. On the New York, first solar. Oh, NASDAQ, excuse me, first solar, the solar stock, strong day-to-day, just on an upgrade. Copart, CPR. A lot of crappy biotech.

All right, I'm going to take that way of the word crappy biotex. A lot of no sales biotech. O'Reilly Automotive. By the way, I'm running through the NASDAQ. I think I'm done. Because I'm not going to mention no sales biotex. On the New York, I'm sure I can find better there. Boston Scientific.

They had the Boston Marathon, I believe, today. I think it was the 10th anniversary of that, you know. Tech Resources, TECK, that's a rumored buyout. McDonald's in the Dow. Yum Brands. Lamb Weston, I believe it's frozen food. Skechers New Yearly High. Novartis, the OZempic.

Has an insurance stock, Arthur Gallagher, International Game Technology, Novo Nordisk, the World Wrestling Entertainment, Posco Holdings Oil, Taylor Morrison Home, Motorola Solutions MSI, green brick partners, another home builder, exponential fitness, this is New York, Meritage homes, that's your third home builder. Chipotle hit a yearly high today.

But that's about it. Oh, AutoZone new yearly high. That's all your new yearly highs and all the markets, but definitely better. And we'll see what tomorrow brings as we go into the meat of earning seasons. Today comes out at nothing but a good day And the indices didn't move much just the way they finished And again, let me repeat The financials

They're so important They took down a ton of other sectors With them in March If the worst is over I think that's got to be good news A PNC Bank Another regional didn't they report on Friday yes they did finished okay on Friday nothing great up three bucks today that's good to

see so opportunity for a leg up here no guarantees market still range bound I like today's action into earnings best way I can put it lots of news to cover first off start reading up on AI. That's all I can tell you. I am. I must tell you I still don't understand it a ton, but the things they're saying the capabilities of it rate a big wow. Moderna, ready for this one? Moderna has a cancer vaccine. The studies are now showing that halves the risk of melanoma returning. Whoa! Scientists are now saying it could prolong how long. patients could be cancer-free phase two clinical trial ladies and gentlemen medical advancements baby up next more news of the day thanks for being here this is

the one only investors edge for many men mental health challenges aren't recognized until they've already taken a toll work pressure financial stress changing relationships and traditional expectations around masculinity can quietly wear men down often without clear warning signs in season Three of the visibility gap, Dr. Guy Winch and his guests explore how these pressures show up, how to spot them earlier, and how men can access meaningful support. Listen to the new season of the visibility gap, a podcast presented by Cigna Healthcare. No matter the occasion, snack time should be easy.

That's why Skinny Popcorn keeps it light, airy and endlessly delicious. Skinny Pop is made from just three simple ingredients, delivering an irresistible taste without being complicated. Skinny Pop simplicity allows you to freely enjoy as much popcorn. corn as you want. Just open the bag and enjoy. No overthinking, no tough choices. When it comes to snacking, Skinny Pop just makes sense. Deliciously popped, perfectly salted. Skinny Pop, popular for a reason. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop

but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSK. You're listening to

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the Gester's Edge. With Gary Culpa. And other news of the day.

and in case you don't know I am a ver I'm a reader I read so many articles on so many things this one showed up how artificial intelligence is building the next blockbuster video games go read that in the Wall Street Journal today radically speeding up game development reduces costs and help players interact with characters in new ways I'm studying all this stuff. Unbelievable. In the news, not good news, Best Buy is laying off hundreds of workers across more than 900 stores with staffers who specialize in selling computers and smartphones the first to go. Whoa. In store. They say their stores are evolving. Most of the cuts in store, as they say. Best Buy has 90,000 employees in the United States and Canada.

32% part-time and 10% seasonal staff. And what they're saying is, smartphones and computers ain't happening. Sorry to hear that. What else? What have we been telling you about startups? The end of faking it in Silicon Valley. Recent charges, convictions, and sentences all indicate that the startup worlds

habit of playing fast and loose with the truth actually has consequences. People with startups BSing the money. A lot of that's going on right now, and I can tell you, I know people in the industry, and money is stopped. By the way, one of the big things that are being talked about right now that there's no way the market can go higher is credit contracting, that you always have big bare market. when that happens the ability to receive credit we'll see we'll watch the market in the

news nice little article rampant theft is having major stores shutting down across the country for walmart's in Chicago you think Walmart wants to shut for stores in Chicago of course not big Whole Foods in San Fran you think they want to shut of course not but these people have to sit down and said, can't do this anymore. Can't keep up with how much is being stolen, and we can't keep having our employees telling us they're scared for their lives as they come into work.

This is what they're saying. It's unbelievable the chiefs of some of these cities, letting the citizens down. Where is it? In California, the law they change, that you could shoplift, up to $949 and it won't be a felony anymore. $9.50 and it's a felony.

I don't know where they came up with that number. They're insane. Hey, go ahead and just go steal $949. You combine that with letting the criminals off with slaps on the wrist. Do you know I read that like 70% of all the crime shoplifting in New York City was done by a select few people? some that have been arrested 40 times, 50 times, and nothing happens. Until they attack somebody and somebody dies. It's heartbreaking.

I was reading about San Fran. The financial district, which used to be that's busy. Ain't nobody there anymore. It would be so easy to fix this. If you do the crime, you're doing the time. and you advertise it. Guess what's going to happen? They'll stop. Macy's is shutting stores, Walgreens is shutting stores. Best Buyers been doing, well, bed, bath, and beyond. That's another story. It's just amazing to watch. And the minds of these people running these cities,

they all have the same thought process. You know, we want to be not. nice to people. How about your citizens that live by the rule of law? New Jersey. Business is leaving. Can't take it anymore. Op ed, a simple plan to get New Jersey back on track for growth. Stop with the business taxes. Stop telling businesses you come here. We're going to scrape you and scrape your wallets. Jersey used to be an economic powerhouse. No more. These are the things we're reading. And by the way, we verify all of this. It's amazing to watch.

And I live in Florida. And nothing's ever perfect. There's crime. But try doing the crime. No state taxes. Business is flocking here, left and right. Small, medium, large. Why?

My motto, people, business, capital, will flow where it's treated best if they have the ability. A state senator in Chicago and Illinois said to the wealthy because they want to do a wealth tax, you'll have no place to hide. They don't say that about the criminals. They say it about wealthy and successful people. So not only do they lose them, who's going to go there? simple points. Anyway, opportunity, ladies gentlemen, you have a great evening,

drive carefully when you get home do like we do. It's quite simple. Make sure you hug your family. You hug your children. They will feel better. You will feel better. Same time tomorrow.

We shall be back. Thanks for joining us. Peace out all. Bye-bye. This has been Investor's Edge with Gary Cultbaum on BizTalk. To listen to past episodes or to get in contact with Gary,

go to GaryK.com. That's GaryK.k.com. Success starts with your drive, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward. Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. By the time I hit my 50s, I'd learned a few things, like how family is precious.

Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSC.