Investor's Edge with Gary Kaltbaum - TECHNOLOGY BEAST

Episode Date: June 1, 2023

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

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Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you're listening. It's June 1. We're in June already. 2023.

It's Thursday. Hope you're having a good day. This continues to be the standing up edition of Investor's Edge as my back is so much fun. And in case you don't, by the way, we have received about 600 emails now from our listening audience, which is really amazing because these are people that are actually taking the time, go into their computer, thinking of how they can help and email in me. So bless you all.

Thank you so much in case you don't know. I used to play college tennis. I was on the, it was considered a pro circuit, but it was like the half pro circuit. I played eight tournaments when 0 and 8, and the last player I lost who his name was Beaver. And by the way, I'm not making this up. And I realized at that point in time,

I better move on. Anyway, I've always had this thing in my back, lower left, but it's nothing bad or anything but just every now and then and since college it's only acted up twice in a bad way the last one i'm in europe on a cruise picking up a suitcase and you actually even heard it and felt it just i don't know snap twist whatever and i was out for a week forget it i was laying down the whole time this one i have no clue but it's one of those things where if i stand up no pain if I sit down and get up, holy crap. And I guess you can call them spasms or whatever, but man, oh man.

And as I said yesterday, I have this high threshold for pain. And this I can't even believe. So I have such a big respect now for anybody with backaches and stuff like that. And I'm getting emails from people that saying, oh, they've had this for 30 years. I don't know how you live through that. So I'm on like the steroids, the extra strength Tylenol. I think it inflam... What is it?

Whatever. It's working. But tomorrow's the big MRI and hopefully it's no disc or anything. And all I got to say is, man, oh man. That's all I got to say. But we're standing up and we're hanging out. Before we even get going, you know, we talked about Bill O'Neill this week. week. We did a, you know, half the show on him.

Go get the book How to Make Money in Stocks by William O'Neill. Go get how to make money in shorting stocks. How to make money. Yeah, and that's with Bill O'Neill and Gil Morales. And I just want to let you know, and, you know, we don't really do this. But my good buddy, Gil Morales, here's his website. the owl trader.com. Owl, O-W-L-Trader.com.

Go check it out. Pretty much one of the greatest eyes in the business. And let me tell you, I'm a big believer in passion and intensity and focus. This dude's got it. So go check it out. And just so you know, we don't get paid for this. We don't, nothing for this. We are doing it because we dig him and we think it could help you.

And that's that. My good buddy, Gil, and you know, I'm going to ask him to come on the next week or so, talk about what he thinks and also about if he wants to talk about Bill also because he was, I didn't know Bill O'Neill. As I said to you, I probably sat down with him in total, two hours of my life. and it was basically at lunch at the seminars that I used to hog his time. And we did a half hour interview with him on this show also. And his assistant said is the best interview we ever had.

And I was like running circles for that. So we're going to ask Gil to come on and hopefully he does. Anyway, so even yesterday on this show, we read to you every area of the market that we consider to be bearish. Barish phase. Simple as that. Even yesterday, we have been doing it for, I can't tell you how long. How long is the energy and China?

The banks really just topped out badly, but they never got going. They weren't leading and all these other areas. And every day, we're looking to see whether it can be a change of complexion. And as you know, we believe we have some pretty good eyes also in the market. We know what bull markets look like, bear markets look like, good uptreads, bad uptrends. But we're also pretty decent on what we call the turn. And what we mean by the turn is instead of two steps down, one step up, they stop going down, relax a little bit, find an area of support with talking price,

and then slowly the two steps up, one step down. That's what we're constantly looking for in the market. Those type of changes. And all we can tell you for, I'm just going to pull up one here, let's pull up for the heck of it. let's go China and it's represented by a few ETFs we're using the FXI

China a little bit tougher because from June of last year into October a a wush to the downside just you know from 10 o'clock at night

to 4 o'clock on a watch but then you kind of V shaped up for a while but since January downtrend and what you look for is when can that change? Well, it was up today and it didn't change the trend, but we're always looking for the ability for them to change. Simple as that.

That's all we're trying to do. Something happened in the last few days. I'm not sure if I mentioned it to it or not yesterday. I know I mentioned it to our webcast last night. in the last couple of days, all of a sudden I'm seeing a lot of people reporting what we've been telling you about for months. We've been telling you for months, 65, 70% of the market are not doing the trick. They're in differing levels of downtrends, which some things absolutely smashed. retail, regional banks, a bunch of other things.

And all of a sudden, all this reporting, and we told our webcast people last night, I'm not sure if I did it on radio, that typically, when everything starts getting reported, it's usually late in that move. When the noise is so loud, it's usually late in that move. and I'm not talking about something that happened five days ago. I'm talking about, you know, everybody's talking Nvidia here, but that thing just gapped up recently. I know it's been rallying for a bit.

Anyway, we weren't really wondering coming into today whether that's going to mean something, but we had in our file manager, and today, and maybe it's just one day, and maybe it could be just one day, whoopty-do, just one day. The broad market had a pretty good day today. All the areas just about, because retail's still a mess, all the areas that we have been mentioning to you, we're up today.

That does not change the complexion and up day. That does not change the direction and up day. But we're letting you know we're on watch. Because everybody's now reporting. Remember what people do. They report what's already happened. We used to have the thing we still actually do. It's called the front cover indicator.

Whenever a company gets on the front cover of a, I don't even know if they're still in business, like a Newsweek magazine, it's usually because it's already had a monstrous move to the upside. And that means usually in 2007, Fortune Magazine's front cover real estate riches. They interviewed ordinary people that were making millions. ordinary people making millions

and of course they really weren't they're putting no money down because they were just handed things over they were sitting in a lot with a vacant lot in Miami on a condo that may or may not be built putting down five grand and then putting it up for sale a week later and making a hundred grand and of course guess what that ended badly

you remember right and guess what you were right near the So we'll put a bow tie on it, do the market wrap, lots more. I'll whine about something else. I'm Gary. 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, 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 888422 5559. That's 888422 5559. That's 888-4-2-5-5-9. Investment Advisory Services offered through call bomb capital management. Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomach egg every time that I eat and it just becomes like a lifestyle where, oh yeah, you know,

I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And all of the those things are not something that generally if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand,

and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash.

Venmo Stash bundle terms and exclusions apply. See terms at Venmo.combe. slash stash terms. Max $100 cash back per month. 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. So part of this is you got to keep your ear to the ground. You got to be on top of things and know what people are saying and what they're reporting. and we do that to a decent extent without even really trying. And all we can tell you is we really haven't heard anybody talking about all these other areas

that we've been doing every day. You know, the energy, managed care, defense stocks, autos, economically sensitive, insurance, banks, regionals, other financials, commodities, rails, truckers, travel, machinery, caterpillar, deer, the payroll companies, ADP and paychecks, China, China-related. The list goes on and on and on and on, but now they're reporting it. But it's been going on for a while. So what we do at that point, we have our ears pinback, eyes wide open, him and we looked for changes. And yesterday, we just noticed gold was curling up a little bit. And we

mentioned, didn't buy, gold was up 3.5% today. Why? Well, the dollar got slapped big time today. And guess what? Market, for whatever reason loves a weak dollar. Whatever reason loves a weak dollar. That's what happened today, ladies and gentlemen. Best way I can put it. And when I give you the final numbers out, it's not like the biggest deal, but of import, again, is very simple. We just got this little feel sometimes about how the masses are on things, and we'll take it from there. All we can report to you and what we do in the middle of the day like today, when we see a good broad market day, we scan the whole market. We didn't see much the way we can say to you, oh, that's bottomed. Oh, that's bottomed.

Oh, that's good. Oh, yeah. I really can't come back to you and say anything really change, except you had an update. But we're going to keep on watch because I'll tell you what hasn't changed. Technology, semiconductors, throw a little bit of software in there. you had a day and a half of pullback and you opened up a little bit soft today and you just pretty much had a good day in those areas again today and that's what we can tell you and as we've told you that's all we've been doing and we got we got some other things we're going to add

going forward and we'll see what happens there's some more earnings to be reported and that's that. Gapping up, gapping down. I can tell you Lulu Lemon, which just gaped down recently because they said something negative. Well, now they said something positive. It's up 10% in the aftermarket. Symbol MDB. I still don't know how to pronounce it.

It's MongoDB. Symbol MDB closed at 293. I got that sucker at 345. Guess what? Software company. So we'll see what they had to say and we'll take it from there. So all we can tell you, it's still very much technology related, move in the markets. With a good day today in the broader market led by a sinking dollar,

which helps commodities and multinationals that do business over there. go read all that stuff up. What have we been weeping about every day? Advanced declines, how bad they are. Good day for advanced declines today. We'll see. And again, let me tell you exactly how we do it for a radio audience. If we think something's changed, we will come on there and say to you,

we think maybe the complexion has changed with this area. And we'll usually say when nothing's ever 100%, but this is what we're seeing. And Gold did it a little bit yesterday. little bit more today. Still not 100% sure, but the next day, the dollar sinks like a stone and boom, so gold may be telegraphed it, and that's how we do it. And as usual, when we're wrong, we'll be wrong fast and be wrong small. When we're right, we'll try to let them run as far as the eyes can see. And if there's any mistakes I've made in the last two months is some of the winners that I had, I sold too quick and they kept going, but the good news is I got a few that are

and Fuego. And we'll see if that continues. That's all. And what's interesting, they're all big liquid names. That's not usually the norm at all. So that's a little bit of today, in a general sense. Which means next up, the market wrap is brought to you by Investment-Models.com. That's Jim Rohrabach, one of the great market timers.

No gray areas of the man you're either in or out of the market with his proprietary indication. Go check it out. Investment-dashmodels.com. The Dow was only up 150. No big deal. S&P was double on a percentage basis up 41. The NASDAQ 165, NASDAQ 100, 187. And guess what was moving?

Well, when you get Apple up three bucks, that's $48 billion in market cap, almost $3. I think, yeah, Apple up $3. bucks and Facebook's up eight bucks and Netflix was up seven bucks and Viti was up 18 bucks but that one was down 20 yesterday

we think NVIDIA is just going to back and fill a little bit here that's the story and you had some other movers like VEV up 32 today that's been a lagging stock guess what they do little software crap going on and whether it's AI or not beats the heck out of me

all we know is we follow the bouncing ball and when right be right as far as it wants to go when wrong fast and small salesforce.com was down 10 bucks that was in the Dow today see that's the good news that's about 70 Dow points with the Dow still up 150 and Amgem was down seven today and Goldman Sachs was down seven to half today in a strong financial group I didn't see any news on Goldman Sachs to have it so weak I'm and have to check that out. So there's still things on the downside. And what's interesting,

Salesforce.com is one of the names I sold too early, and then they ramped it, and then they just brought it all the way back. So I don't feel as bad. But I still got to hold on to the winners. One of O'Neill's great lines is, one of the biggest sins is having that great big winner, and you cut it off at the knees before it really gets going.

I've been good at that in the past. No, really. Make 15% and it goes up 80. Believe me, that's the one thing we work on most. That is the one thing we work on most. And it's not easy. I've gone through O'Neill's biggest winners, and he really had to ride some pullbacks.

Not easy. Up next, more in these markets. Oh, and we got a little whining complaining to do. Why? It's Thursday. just the one only investors egg. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists

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

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

We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut But health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards.

Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply. See terms at Venmo.com slash stash terms.

Max $100 cash back per month. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dim or dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. You're listening to. America is talking.

Investors Edge. He's got to be pleased with you. The crowd is just on its 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. And to give you the other side of the coin, Broadcom reports earnings.

It was already down like 17 today, and it's down another 20 in the aftermarket, down a big 37. So you just really don't know what's going to do and why it's going to do it. You put your bets down and you try to ride through earnings reports, and that's the tough part. That's really the tough part. You really got to depend on continuing good earnings reports. I take it back. Continuing good earnings reactions throughout a move in the market. And there's just so many stocks that will just keep performing and performing and performing and performing.

But right now you've got a little bit. bit of a sweet spot, some of these big names. I got to tell you, Apple is on the verge of breaking out the all-time highs. And I got to tell you, I'll be adding if that occurs, and I'm hoping it doesn't occur for a couple of more weeks. I like it to sit around near the highs before that happens. Still have a few bucks before that occurs. And what's interesting on Apple, I just keep hearing bad news. I just keep in it on bare news about their growth and valuations and stuff. Market doesn't give a crap yet. One day maybe they will, we follow the bouncing ball. So let me be a little repetitive here. One of the things we do is we keep our ears open,

our eyes open. And it just showed up pretty much yesterday. in my mind. Seriously. In my mind, just by listening and watching, it just showed up that all of a sudden there are more people reporting what we've been reporting for months about how bad so many areas the market are

and how far down they've been. We're the ones who've been saying it for months, both here and on TV. So now all of a sudden, more and more and very often does mean it is, but quite often that gets you close to turns because it's already happened. And just coincidentally, sometimes it's within days. And maybe just a coincidence that today, the day after we start getting this feel, you had a good broad market day, but I immediately went and scanned that whole broad market

today. And for the life of me, I think maybe United Health and the Dow may be turning up. I think Boeing's got a chance to turn up. American Express looks like it's turned up. Maybe the gold. I can't find much else yet. Improvement in the financials. Can't find anything big turning, though J.P. Morgan continues to be the name that with the least risk to be buying if in fact it gets out of here to the upside because it's dropped the least. But keep in mind if the financials do go to the upside, the best percentage gains will be the riskiest stuff that had the farthest drop. That's how it works. So we're just letting you know we haven't done a thing about it. but we will be watching to see what shows up.

That's all. And remember, a stock cannot ascend in bullish fashion unless it's back above the 50-day moving average. You have zero chance. Zero. Physically impossible to ascend if you're below this red line that's on my charts. It doesn't mean you're going to ascend, but physically you can't. Now, you've got to ask, well, what about something that's

and rallies back up. Well, yeah, of course, but that's not ascending. That's recovering. We're talking about bull markets, not something that dropped 30 points and rallying back up 15. I think I can explain that well. So, just letting you know. And we'll see what tomorrow brings. Got MDB gapping up, Lulu lemon gaping up.

And Lulu Lemon, they just kicked in the teeth from 389 to 328. as they said some negative things, I believe, recently, and the market, it's back up to 368. So it's getting back a bunch of just the last six days. And I'll read the numbers later. On the other end, broad calms down a little bit. Nothing that bad. But the real story, again, ladies and gentlemen, is technology stocks. We were hoping we had a few more days of pullback.

and we still may get it. Didn't happen today. And better broad market today. Except retail, man. Lulu Lemon may help tomorrow morning. But retail, and what they just did to the dollar stores, dollar general down 39 bucks today to 161, and it was 261 six months ago.

Dollar Tree is, just was 168 days ago. It's 129 now. And you know what I'll be doing. Figuring out what's the problem with the dollar stores. I got to believe it's called inflation without even looking that if they're paying high prices for things and they're charging very cheap. Just remember, we heard one of them is charging a buck and a quarter for things now. So these are the changes that go on in the markets.

These are the things you've got to be watching out for. These are the things you've got to be on top of. And that's a little bit of that. Hey, the House passed the debt ceiling last night. And I don't know if you know this, but more Democrats voted for it than Republicans. In fact, a bunch of Republicans did not. and one of the Democrats was heard saying

we rolled the Republicans while the Republicans are out patting themselves on the back look what a wonderful thing we have done it now goes to the Senate they're looking for quick passage I know there's some that don't want it and I really

I should have already but to pass it, I'm not so sure how I think it's just a regular vote. Don't quote me on that. I should know that before I speak. That's bad on me. We just want to let you know again, the size and scope of your government has now going to increase 50% from the year before COVID. the size and scope of your government.

Remember, we had to add a lot of money for COVID. The spending going forward pretty much is going to be in that neighborhood. It is a con job. It is a scam. $380 billion is going to John Podesta. He is a Democratic, long-life Democrat hack in politics. They gave it to him to dole out for climate. $380 billion of our tax dollars for climate.

What does that mean for climate? What is that going to be for? How many of his friends and relatives and peeps and politicos are out there in Delaware opening up startup climate companies in order to get grants from John Podesta? You know what grants are? You get our tax dollars and you do not have to pay them back. I have a question. Is anybody going to make them accountable for those dimes?

Answer is, nope. So we're headed to 40. We're headed to 50 trillion. They're laughing at us. They're shooting the middle finger at us. They're all going to be dead or retired when all hell breaks loose. And maybe the Dow's going to go to 100,000 first. Maybe the NASDAQ's going to go to $400,000.

40,000 first, maybe everything's going to be all well and good and everybody's say, yay, yay, yay, yay. We know one thing and one thing only. History of debt-laden countries has a 1,000% batting average of big-ass trouble. Oh, but we can just print more dollars. Oh, no, we can't. Because the balloon's getting real stretched. Up next, this, that, and the other thing.

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

every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change.

change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts. With the Venmo debit card, a taco in one hand, and ordering a ride in the other means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. out to ride shares, entertainment and more. Pick a bundle with your go-tos and start earning cash back at those brands.

Do more stash, get more cash. Venmo-stash bundle terms and exclusions apply. See terms at Venmo.com. slash stash terms. Max $100 cash back per month. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation,

temporary dim or dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. You're listening to What are we waiting for? Well, what are you waiting for? One, two, ready, go. Inversters Edge with Gary Culper.

And welcome once again to Investors Edge. I got to tell you, I have less hope now than yesterday. I don't know what to say. I watch some politicians go on TV and just lie about what this deal is. And just so you know, you may trust us or not trust us. We know exactly what this bill has in it, what they have done. They have raised spent, let me put it in a nutshell. Raise spending 10, cut it by one and tell people we just cut it by one.

And just remember, this is government spending. Government. The not-for-profit government, except for their own wallets. Seriously. that's what they've done here. And I asked you yesterday, and I hope you did, go Google the words, federal spending throughout the years, and just go back from 2000 to today and see what they've done.

And right next to what it should be in that line, a couple lines over is the debt. Go see what they've done. And now ask yourself a question. The year 2000, we spent $1.8 trillion as a government. this coming year it's going to be about six point something trillion on what it's a simple question on what what in government do they have to spend this amount of money in comparison to the year 2000 oh let's see i believe uh defense spending has gone from 300 billion to 800 and something

billion. There's 500 billion. I got you. Interesting, huh? What I want you to do next is go read how much we spend on defense spending. They keep telling us we need to because of other countries. Now go look at what all the other countries spend on defense and then ask yourself a question. How are we spending all this money on the fence? We're lapping all these other countries. Oh, we've got to protect the citizens. And I asked myself, wait a minute, weren't we protecting our citizens at 700 billion, at 600 billion, at 500 billion, and we're now finding out they have billions of dollars lost. They did an audit and they can't find things. Oh, that's right. What else do they say they need it for? Well, entitlement spending is going up. Why is entitlement spending keep going up?

Oh, because they refuse to do anything about it. What's an entitlement spending bill? Oh, it's a government programs that they set up and have never ever adjusted to people living longer. And anytime anybody says we got to do something, they get castigated and say, oh, you want to throw grandma off a cliff. So those numbers keep going up. And then there's the cesspool. go look every year they used to put out i don't know if they're going to continue the waste and it may sound like nothing but when you read that we gave 20 million dollars to the country of something

blank blank blank stan to study the mating habits of the green horn toad in that country You think I'm making something up, well, I am, but I'm really not, because you'll find things like that in there. And then you ask yourself a simple question, hmm, what could $20 million that was going to the green horn toad in something, something, something stand, the country? What could $20 million do for my community? Well, the reason why it doesn't get to community, because to them, it's just a freaking footnote. So all of it gets lost. But Neil Cavuto said to me something in 2008. He said, Gary, when they came out with the $800 billion, our tax dollars to pay off the crooks on Wall Street, he said, trillion is going to be the new billion.

And he was right. that's how they get away with now think about this 380 billion of our tax dollars in the hands of one man to hand out on climate on a scam climate scam I saw somebody a politician say yesterday that we really need the money because we got to do something about the hot weather we can't change the hot weather these are people that are are

leadership. That same person said we must get rid of all fossil fuels. Oh, really? How are we going to do that? So again, we have very little hope, but I do want to let you know it does not get in the way of what we do with the markets. When we scan, as bad as the news may be, as pissed off as we may be, we scan with absolutely no bias. and if it's bullish, we're bullish. If it's bearish, we're bearish. Assuming we know what bullish and bearish looks like. And all we can tell you, summarizing this right now, big tech, software coming on even better, this artificial intelligence thing will see.

Not much else, but maybe we can start to see. the broad market better. Housing, the ITB, is held the 50 days, so that's okay, even though it's stopped the ascending right now. We're hoping more areas pick up. We'll take anything. Tomorrow I'll be on with, where am I on tomorrow? Charles Payne 2 p.m. hour. Fox Business Network, check that out. And until tomorrow, you have a great evening drive carefully. I'm headed for the hot tub. And when you get home, do like we do. It's simple. Head for the hot tub if your back's killing you.

And make sure you hug your children. Thanks for joining us, everybody. Always appreciate your time. Peace out all. Bye-bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com.

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