Investor's Edge with Gary Kaltbaum - The 1st week of the year in review [01.05.2024]

Episode Date: January 5, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,

your host. A thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is. I don't even know what dated is. How about the fifth? Now, not 2023, we're head to the weekend. Ladies and gentlemen, as always, lots to cover. Serious talk about everything that affects you, your money, the markets, the economy, jobs, unemployment, taxes, deficit, spending. The election and everything else in between. If you do not get this show in your city, this radio show in your city, we'll post it at garykate.com. Well, excuse me.

We'll also post it on our Twitter feed, which is now X. You should follow us on Twitter. We're quite charming and sarcastic. Just go to Twitter and put our name in, or X. You can email me, just be nice. Ladies and gentlemen, as you know, we're heading into the election, and everybody keeps telling us the most important election ever. Well, as I have said to you on this show, and I don't pull any punches,

and I get it from both sides, and I don't care. I feel like we're voting for the Ebola virus, versus the bubonic plague. Joe Biden just did his first campaign speech. Now, in case you don't know, Joe Biden does not write the speech. He has speech writers. And basically, the whole time in his speech,

he ripped Donald Trump. That was his whole speech. He ripped Donald Trump. He ripped him for all the things we have told you here about what we think. of Donald Trump. Simple as that. And we don't need to rehash, but as we move forward into the rest of the year, we're

going to go through policy and everything else under the sun, the type of people we're dealing with, which we think matters also. But he spent his whole time ripping Trump. And you know what he ripped him on? I don't have to go through that. Here's what he did not do, Joe Biden. did not talk about the border, a gargantuan failure by Joe Biden. He did not talk about the debt and deficits, a gargantuan failure by Joe Biden.

He did not talk about Afghanistan, a gargantuan failure by Joe Biden. He did not talk about inflation, a gargantuan failure by Joe Biden under Joe Biden. He did not talk about his foreign policy. Well, let's discuss foreign policy for a second. I believe foreign policy has to do with strength, strength, peace through strength, peace through diplomacy. What are we getting right now? All the bad guys giving them the middle finger. Not just a middle finger.

you know those fingers you go to football games and they have those big gigantic and they're not the middle they're the index finger things that's the finger it is my opinion that this guy is a miserable failure on top of his him and his family's corruption which the media is blacking out and did black out before the last election i'll give you one further through social media they are trouncing on free speech. And while I can't stand Trump, who do you think is directing these states to get Trump off the ballot? Joe Biden.

And he's sitting there. His whole speech was about an attack on democracy while he's trying to stop somebody from running on an election. So again, we're unbiased. We can't stand anybody. but we do believe in fairness and the truth, regardless of what we like or dislike.

Trump is getting, Trump got screwed at the election. He lost the election and total stupidity on his part, but we do believe there was collusion between the media and social media and the Biden and the Democratic Party. There was no doubt, no doubt. And they're doing it again. and now they're trying to do it through states. So this guy's standing up there talking about the democracy, he can kiss mine. And excuse the way I'm talking, but this is some big stuff, ladies and gentlemen, not because of me.

It's my children that I care about. We don't like BS artists, and unfortunately, we're getting a ton of it from the people running the joint. a ton of it and that's how you get the $34 trillion of debt by the way anyway just wanted to start with that because that just happened it just ended Joe Biden just finished the speech and I must applaud his speech writer

because he couldn't talk about his accomplishments oh the market's up oh but you know what the market's just back to where it was actually it's still lower than where it was in 21 And I can go on and on about this nightmare of a control freak. Gas stoves, electric vehicles. I have to applaud the Republican Party today. And you know, I can't stand them either. And just so you know, you know, I used to be on the Republican side.

I'm now independent because they all suck. But guess what the Republican Party's doing? I guess they listen to this show. They are doing a deep dive into this slush fund of our tax dollars given to John. What have I been yelping about here? Almost $400 billion handed over to John Podesta a democratic hack to dole out for climate. The Republican Party is doing a deep dive investigation on and calling people up and going to bring them up onto the hill. And here's the kicker.

the problem is they lose it if they don't spend it by the election time because by the election time if they lose the election they can't spend that crap anymore and just so you know a ton of it's going to be corruption a ton of it's going to be scams a ton of it's going to be handouts to best friends donors compatriots and buddies and all kinds of crap. And as I've told you, I'm pretty sure the state of Delaware is getting a ton of applications right now for green energy startups so they can go get grants from this $400 billion that they never have to pay back and get a grant for $20 million, take $18 million in salary, and then go bankrupt in two years, and hopefully everybody forgets it.

Oh, Gary, aren't you being overly dramatic? 34 trillion in debt. That's $34 trillion these people have spent over and above what they were supposed to, and they got away with it little by little piece by piece inch by inch, and then went a little bit farther and a little bit farther and a little bit farther.

And then the Republicans decided, well, if they're doing it, we're going to do it, and a little bit farther, oh, let's go a little bit bigger. Ooh, then we had an emergency in 2008. let's put $700, $800, $800, $800 and hand it over to the crooks at the financial companies. We can't have them indicted because they're our buddies and we want to get wealthy ourselves. So when we get out of politics, they'll hire us and pay us a couple of million dollars to do absolutely nothing while we sit at their investment banks and just collect. And then we'll go back into politics and we'll do all kinds of favors for them and we'll go back and forth and back and forth and back and forth.

And then all of us will do insider trading that the average person will go to jail for, but we're going to get rich. Nancy Pelosi was up 67% last year on options trading, and you should see those options trading. All kinds of legislation that she's involved with in voting on, and guess what she's doing? Front running the legislation and making all kinds of money. Do you think she's going to go to jail? Do you think the media is going to jump all over her? They did an interview with her yesterday, I believe it was MSNBC or NBC. Do you think they asked, hey, what's going on when you're inside of trading?

Don't you think that's crooked? No, they can't do that because Nancy's the friend. Nancy's the buddy. And we don't want to piss off Nancy because she'll never come on here and do an interview again. In other words, it's a cesspool. It's a cesspool. And it gets worse by the day. And that's how you end up with the Ebola virus versus the bubonic plague running for the president.

this year. Case closed. And that's how we start the show. How's your day? Anyway, I'm in a bad mood because I was just looking over my fantasy football league. I'm in last place and it really irks me. And, you know, I picked Travis Kelsey in the first round this year and I got the Taylor Swift curse because he sucked all year. Did nothing for me. By the way, that's not a rib on Taylor Swift. I love her. she's so cool I don't know if you know it she gave millions of bucks to her truckers and people that

just as bonuses you gotta just love that woman so I got nothing against that anyway but it is a little bit of a curse because every time you turn on the TV and the Kansas City Chiefs are playing they keep showing her and I don't like that celebrity showing type thing anyway back on point

hey crappy week in the market we'll go over that up next Up next on this to 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 888-4-2-5-59. That's 8-8-5-5-9. That's 888-4-22-55-9. Investment advisory services offered through call bomb capital management. Volatility is hitting retirement accounts and savings across the country. More Americans are exploring physical gold and silver for added diversification during unpredictable economic periods. Preserve gold offers straightforward education on how precious metals can be included in NIRA.

Text, IHeart to 50505 for your free wealth protection guide, and with a qualified purchase, you could receive up to $15,000. in free gold or silver. 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 appu.apus.edu.edu. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say.

And she replies with a low, listen. So we sat there, listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun.

Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. I'm flying to New York tonight to see my parents, 92 and 90. You know what a good son I am? I'm flying up and flying back to.

tomorrow night because they're getting a snowstorm on Sunday and still going. But that's what you got to do. They took care of me. I got to take care of them. And God bless my brother Stephen. He lives up there. And I have to tell you, my things would be so much tougher on me if he wasn't up there doing what he does up there. Takes care of them.

I go up there often, but not nearly, you know. and those you out there that have elderly parents. The amazing part, 92 and 90, they refuse to go into assisted living. They don't want to live him. She cooks for him. They get around. They do their thing.

He still yells and screams about, you know, does politics and all that stuff. Good memory. Maybe a little bit of lossing, losing of it, but just a little bit. But man,

oh man, functional. The whole works. It's just amazing. to watch. You know, I just got the keys out of his hand two years ago. He was still driving the car, and he hit a little pole in the mirror went out, and I said, Dad, that's it. Anyway, enjoy every minute of it, ladies and gentlemen. I'm lucky. 92 and 90. Hey, next, I want to thank each and every one of you. But we have gotten about, I think, like, 125 maybe even more donations for the Bull and Bear webcast we did. And a vital one with just a webcast showing you moving averages in bull and bare markets and what they look like.

And if you start watching these things and start watching your stocks, you don't have to be in bare markets ever again. And the bottom line is that most of you're sitting there will ride down stocks, 20, 30, 40, 50%, sometimes more, and you don't have to, just follow the roadmap. And we didn't charge you a dime. All we asked you to do is give $20 or more to the Boys and Girls Clubs of Central Florida. So we're still offering it. And so it's BGCCF.org. BGCCF.org.

You go there, donate, just put my name in, tell them what a good guy. I am and we'll send it out to you. And again, it's worth its weight in plutonium. All right, today's market wrap. You know, today is brought to you by Investment-Models.com. That's my buddy, Jim Rawback, one of the greatest 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-dashmodels.com. Well, I'm going to say a few things. First off, the Dow is up 25, the S&P, up 8, NASDAQ 13, NASDAQ 100, up 203, transports up 10, advanced declines were up a little bit on the New York, down a little bit on the NASDAQ, more new lows than new highs on the NASDAQ, which is amazing. New highs contracted bigly recently because of the little deterioration in the market, not the end of the world, but and yields up again today.

The good news is the Dow and the indices finished up with yields going to 4.042 at the close today, up about 0.5.5.5.5.5.5. 51. Not about exactly. And it was back and forth today. I can tell you we were up nice, up 100, down 100. And at the close, they brought it back in. Let me just give you a few things. You want to write this one down. I don't often do this because we're very careful with our words. I don't often do what I'm about to do. Matter of fact, I don't think I really ever do it. I'm careful. NVIDIA. I don't own it right now.

That stock hit 502 in August, 505 in November, 504 in December, it's 490 right now. It was 481 in July, so that's close to it.

Basically, what you have is a month, month, month, bunch of month trading range. That was going between 400 and 500, and now the trading ranges between 450 and 500. With the high at 50548. Earnings are fantastic. At least they have been. My worries, again, we don't own the stock right now.

So no front running here, we don't screw with anybody. my worries are, how to hell is this stock not done better in the last few months with monstrous earnings and revenue growth? Well, from January to July, it had a big move off the bare market lows. Got that? So it already had a pretty good move. So the chances may be this six months of doing nothing, just digesting that good move. And that good move was the forecasting of whoa, this AI thing and the numbers are going to be gargantuan. Maybe. The worries are overordering.

I've mentioned that a couple of times here. It just means that companies thinking, oh, man, if I don't order now, I'm not going to be able to have enough and the man's going to be too strong and I'm going to be left short. And if they end up overordering, guess what happens to Nvidia's sales going forward? They go down and the stock gets trashed. That's a worry. And it just happened to Mobile Eye, M-B-L-Y. That's for autos, you know, the ones with the driver, all that crap. I'm just letting you know if this bad boy can break out above, what's called 506,

and let's just say average daily volume is 40 million right now, and let's just say it moves out on 100 million shares. Man, this looks like a classic, a classic. William O'Neill, previous uptrend, then goes range bound to digest it for a level, however long it needs to be, and then boom for the next move. The other part of that equation is the longer the range, the longer the range bound, quite often the better the move. So we're just letting you know, you're 16 points away. We don't know if it's going to happen or not. And of course, if it breaks out above 506 and fails, you use a stop under the 50-day moving average, which is 475.

I'm just letting you know if that occurs, we'll be in two. And remember, I don't do this often, but man, you don't usually get. And the other worry, by the way, it looks so damn good. You know what, it looks too good type of thing in the market? So we'll see. And we'll keep you up to date on it. And we're not telling you to buy it, sell it short and cover it. We're just telling you what we're seeing and what we're thinking, and you get to decide for yourself that you're money.

So we'll just start with that. Next, just a few things. One, a lot of stocks this week broke near-term support. What is near-term support? Well, we consider there's near-term, intermediate term, and there's longer-term. Longer term meaning shot the hell. Big time done. See you.

down the road, whatever. Intermediate term means, probably for a while, notwithstanding, just remember earnings reports coming out soon. Short term means, well, they've had a good move because of the move for the two months, too far, too fast, and now got to give back some meaning, up 20 points, down six. But in that down six, breaking some support levels, breaking moving, averages type of thing. There's a lot of that. We'll start with that. Up next, more in these markets. I'm Gary. This is the one only investors edge. Every day the headlines shift, but the uncertainty never seems to fade. From rising geopolitical tensions to record U.S. debt and ongoing debates about inflation and money printing, Americans are watching economic forces that feel far beyond their

control, and for many, that instability is showing up in retirement accounts, personal savings, and long-term financial plans. More people are taking a closer look at options that don't depend on Wall Street. Physical gold and silver have been used for generations as real, tangible assets during unpredictable moments like these. They're not about replacing existing investments.

They're about adding a layer of diversification that has historically helped provide balance during volatile periods. Preserve gold focuses on education, giving everyday American straightforward information about how precious metals can fit into a retirement strategy, including options to hold them inside,

an IRA to get your free wealth protection guide. Text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver. Text IHeart to 50505 today. 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. One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much,

just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low, So listen. So we sat there. Listening. That was the first time I learned that quiet can feel full. Hershey's.

It's your happy place. 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. Now, let me. tell you why I actually like this when a bunch of stocks start pulling back, break in support, it enables me to decipher where the real big strength is. It's like a horse race. Simple as that. What's the strongest? And there's usually a reason why. What's holding up best? What's breaking short? What's breaking intermediate? What's breaking long? And what it also enables me, I have less

to think about. I have less to worry about. Without name and names, I'm looking at one right now that broke its uptrend four days ago and continues down.

180 down to 171 already and not the end of the world, but I can tell it's broke the uptrend. I don't have to worry about the stock as of this second. Now it can resolve itself, back, but it's one less stock I got to deal with. I can tell you one of the favorite stocks of the retail crowd is called Palantir. That's broken intermediate. Five weeks ago, this stock was

breaking out to a one year high. Now, it's at a five-month low. One less stock I have to think about. And of course, then I start looking in that group. Are there any others? And I can tell you flat out, yeah, in the enterprise software, Braise, BRZE, big topout, and on volume. Another name I don't have to worry about. So my job gets a little bit easier. Actually, a lot easier because I must tell you, a ton of them broke. But on the other end of the spectrum, and I haven't done my big scan for the weekend yet, so I'm not going to name names, and I mentioned NVIDIA, and it has not broken out. I've already done my list. Oh, man, that's not budging, that's not budging, that's not budging, that's not budgeon.

And we've also told you what group away from growth, the big banks, just plain old strong. Some small investment banks, the shippers, news driven, because of what's happening in the Red Sea, the choking off of big gigantic container ships having to go other routes is raising shipping prices big time so the shipping stocks are strong right now though we always worry about news driven some other financials and then we had the money flows this week into some drug stocks and the like, though we question whether they have the earnings power to go for too long. On the other end of the spectrum, we have not had to worry about China stocks forever, except maybe a couple of names. We have not had to worry about solar stocks, bare markets, and the list, whatever, oil stocks, most of them we really haven't had to worry about.

Because they've been blah. The restaurant stocks look like they've just topped out. So I don't have to worry about those. So we're able to narrow down leadership in the market. And I got to tell you, I don't mind leadership. I don't mind narrow. And then there's Apple. Apple is down to the 200-day moving average.

And we owned it early last week. We got out early last week when we thought it was topping. And do you think that we want to sell an Apple? But it was topping. Now we're hearing, ooh, iPhone on this, iPhone, that. We'll find out in time. but it's acting like the south end of a northbound jackass right now and we'll see what happens from here so just give you an idea what's going on it's thinner it's narrower it's less so

and we'll see what happens in the weeks ahead now i know there's people out there talking about january this that and the other thing first week in january we couldn't give a crap just like when we get asked what do you think the markets would be at the end this year we tell them we don't know And anybody who tell, I don't understand how anybody in their right mind can go on TV or any whatever and say, well, we think the first quarter is going to do this, the second quarter is going to do that, the third, what? What are you kidding? And just remember, from July to the end of October, Russell 2000 was at bare market lows. And all the bulls into the end of December told you so. Yeah, told you so. everybody's a genius after the fact so all we can tell you right now thinner and thinner narrower narrower easiest for us to isolate the strength in the market why because when things are pulling in it's easy they stick out like a sore thumb and next up i believe next

week if i'm not incorrect let me see if i'm correct on this yeah friday january 12th bank america Black Rock, Bank of New York, Citigroup, J.P. Morgan, Wells Fargo. We'll get an idea. And on top of that, Delta and United Health, that's in the Dow. So next Friday, Muir importante.

And next Friday, yeah, let's see you. Yeah, I got a 7 o'clock flight to London. And we will be working the next week. I can promise you, into earning season. What we do in London is 2.30 the market opens till 9 o'clock and when we go a little bit

east it'll be 3.30 to 10 o'clock and I'll have my four screens in front of me doing the thing I do and then closing my eyes, holding my nose and pray. But Gary, do you really not go out at night when you're out there we'd go out for an hour every night

you know we'll do what we got to do but you know we you know this is how we go when I was in Asia hell I was uh let's see I believe

9 to 4 in the morning 930 to 4 in the morning at night 12 hours later again we do what we got to do and that is all. So I wish, oh, 10-year yield. That's to be watched.

That direct correlation still out there, and I can tell you, not thrilled how it finished today. It hit almost 4-1 early in the morning, went down to 395, and then finished at 4.04. and I'm not sure it's great news if in a month I'm telling you we're at 424-25. I hope it is. I'd love to be getting to the point where interest rates rise and the market doesn't get trashed. But so far, pretty darn good direct correlation, though, Indusies finished in a little bit in the green today. We'll take that as we headed to big time.

earning season. And if you're looking to buy bonds, yields are up a little bit higher now on the one and two year. They had come down pretty decently. But for right now, we think they've put in a low and we'll keep your breast of it because we think it's somewhat of a defining force on where markets are going to go until it isn't anymore. The biggest question is, we get are on crashes, just so you know. Because you hear, I get the same spam email from these people, these newsletter people that have something to sell. Just so you know, crashes don't happen very often.

I just want to make sure you know that. You got that? And you got to remember some of these people. There's one I've been getting emails on about. for the last five months. In two weeks, Joe Biden is going to take away the dollar, your dollars, and make everything a digital dollar controlled by the government. Every two weeks I was getting the email, every few days,

and they kept extending the date until they finally realized people were giving them back the middle finger, enough of this bull crap you're sending us. Just be careful of all that. We're always careful about people calling for crashes and smashes and 500,000 Dow and a million on Bitcoin and a digital dollar and they're going to take away our dollars and they're going to do this, that, and the other thing. We're always careful about that. And that same goes for these extremists in politics. And you know who we're talking about. You know the guy that just lost like a billion dollars and declared bankruptcy because he's an idiot.

up next, end of the week. This is the one only investors' edge. If you've been following the news, you know the world is dealing with a level of uncertainty that isn't going away anytime soon. Inflation pressures, global tensions, and the highest U.S. debt levels on record continue to influence markets day after day. And the result is familiar to anyone checking their retirement balances or savings accounts. Volatility has become the norm.

In times like these, people often look for ways to strengthen their financial foundation, Physical gold and silver have served that purpose throughout history. They're real assets that exist outside the digital and financial systems that tend to fluctuate during economic stress. They're not a guarantee and they're not a shortcut to wealth, but they can offer diversification when things feel unpredictable. Preserve gold is committed to helping Americans understand their options with simple educational information, including how precious metals can be held in an IRA. For your free wealth protection guide, text IHeart to 50505. And with a qualified purchase, you could receive up to $15,000 in free gold or silver.

Don't wait. Text Eyeheart to 50505. 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.

One sweet, melty bite of a Hershey's bar, and suddenly I'm right back sitting on the front porch with my grandmother on a slow summer afternoon. She doesn't say much, just breaks the bar in half and hands me a piece. I open my mouth to say whatever a nine-year-old wants to say. And she replies with a low... Listen. So we sat there.

Listening. That was the first time I learned that quiet can feel full. Hershey's. It's your happy place. 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 Culpa. Again, I must kind of hand it to. Biden's speech writer for not saying a word about his anything he did in his administration I don't know how long his speech was but just ripped Trump and insurrection is this and maga that and all that fun stuff nothing on him I guess

when you're 0 for a hundred at the free throw line you want to talk about something else right my best advice work hard, be great at what you do, keep yourself in shape, and don't let anybody in politics define your life. And unfortunately, people do fall in line. I call it the celebrity love of politics. You end up loving them and can't do anything wrong and no, no, and I still remember Bill Clinton, the thing with Monica Lewinsky. Now, imagine this. A middle-aged man married with a daughter cheating on his wife with a 19 years old.

Imagine that. That is just plain bad, right? Imagine that. And you get caught. That's just plain bad. Remember that, right? It's bad. Now imagine you're the President of the United States, and you did that in the White House. And then imagine the national organization of women, the head of it, Patricia Island, was on the Larry King show defending Bill Clinton. And she even said, because he's our politics. still loved him even though he already had a reputation

of being a sleazy, slimy, scummy man and proved it with just that. Oh, and by the way, I don't know if you remember this, he, along with Miss Lovely and the administration, started ripping on Monica Lewinsky. They had gone to the media,

and of course the media who kissed the ring were ripping on Monica Lewinsky. I don't know if you remember. They were calling a trailer trash and liar and stalker and this and that until the dress came out. And then all of a sudden, uh-oh. So that continues today, this utter love for these people. I don't get it.

My favorite president of all time was Reagan. But I didn't bow down, but there's just a lot of that bowing down right now. And I wish you all understand. All of them are self-dealing. They talk the greatest the games. They're the greatest of actors and actresses. And I do believe some of them get to Washington, D.C.,

really wanting to do good, and then they end up quickly in the soup. And we're just reading about the riches, somebody getting to D.C. with a net worth of $250,000,000, being paid $180,000 a year, and 10 years later worth $20 million. Huh? Huh? Anyway, I just wish all of you the best. I respect all opinion. As long as you don't, Hamas, terrorism, illegal crap. and let's hope somewhere this gets worked out. I just, how do you roll back $34 trillion of debt? How do you roll back this year a trillion dollars?

A trillion of our tax dollars is going towards interest. And how the hell isn't the media up in arms? Oh, that's right, because if they're up in arms, they never get the interviews anymore. Which leads again to Joe Biden talking democracy while he runs a $2 trillion deficit. I want to vomit. But the good news, Mark, Mark,

Go on their own way. And all I can tell you right now, we're in a corrective mode, except for big banks, insurance, other financials, some drug stocks, some medical stocks, shippers, pipelines, and sundry other things. But on the other end, quite a few growth slash software slash technology have put in tops for now. some pretty darn good tops, some not as bad, some just little, and we will keep you on top of it, we'll keep your breast of it, and we will let you know where the leadership is, what holds best, but next up is earnings. And in case you don't know, we have to work doubly hard at that time. And here's what we look for, number one, on all the earnings reports that really matter, and it's a lot.

We already know what it's expected, revenues and earnings. We look for first and foremost, those numbers. Secondly, guidance. But going backwards, the most important is reaction. We've seen good numbers sold off. We've seen bad numbers bought. And I can tell you in the last six months, we scratch our head on names like Micron. How can you have your business cut in half and lose bazillions of dollars?

and your stock is at new yearly highs. Oh, but our guidance is better. Oh, but your guidance was wrong the last year and a half, so why would we believe you now? So we got to deal with that also. And this coming week, there's only a few names, but the next week, a bunch more come in, and the week after, a flood of names. And that will lead into the big names, the big machas that everybody talks about, where by the way are underperforming right now.

They're not so magnificent anymore. And we'll just stay on top. We'll let you know. But as always, you get to decide. You all have a great weekend. Drive carefully and fly carefully. I'll be flying carefully tonight. And when you get home, do like we do.

Quite simple. Make sure you hug your family. Make sure you hug your children. If you have elderly parents, that too. Until Monday. Thanks for joining. Always appreciate your time. Peace out. Bye-bye. This has been Investors Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com. That's GaryK.com. Success starts with your drive. An 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.

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