Investor's Edge with Gary Kaltbaum - THE BACK PAIN WEEK IN REVIEW

Episode Date: June 16, 2023

Follow Gary on GaryK.com or http://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 CBS 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 cbs.com or just come by store. We can't wait to meet you. Store hours vary by location. Investors Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum,

your host. A thanks of being with us today. Glad you hear, ladies and gentlemen, happy that you were listening. I'm so happy. It's Friday. I cannot begin to tell you. what a week for your handsome and buffed host who cannot work out at all so i'm going to get a little less buffed as we get going thanks for joining us today three-day weekend june taint on monday i ask you take a few minutes of your time and understand what juneth is do that when you got a shot All right. So Gary's back travails. We start the show each day with that for two minutes. I had a good day today. I had no major pain or no knives, but here's the problem. I stand all day or I lay down. I'm afraid to sit because the problem is when I get up, that's when is the lookout. But good day today. Hopefully it gets better. And by the way, for all of you who told me, we're over a thousand emails now, by the way. A thousand emails from the audience, all of you having back issues.

The winner is this tens machine. And I spoke to a, I'm getting one. It's an electrical stimulation type thing. I think about 550 you said you got one. So I guess they're doing pretty good business. Anyway, appreciate everybody. Again, I don't wish this. I probably wish it on Vladimir Putin.

He should have this. You know? I'd say the Unabomber, but he just killed himself in jail. Anyway, I am going to spend my weekend watching the U.S. Open reading a book from David Gaggins. What a man's man. Go look up David Gagins. Title, never finished.

You got to read about this guy, David Gagins. He is. And I am just relax away. Do my scans laying down. And figure out life in general. I can't wait. I can't run. Exercise.

Forget about it. I can. I'm afraid to. stretch and all that. But I did speak to Bovey. As you know, my friend Bovey from college, I don't mention names. He used to have this thing called the Back Pain magazine. I was on the phone with him last night, and he is the back pain expert, and he was explaining to me a little bit about it also. So for all of you out there with this, boy, do I have respect. I have some serious respect for people that have issues like this.

Anyway, I canceled my Wimbledon trip, which was coming up in two weeks. I just said, screw it. I'll go next year. And that's that. Okay. So, we knew it was going to happen eventually. No, really, we really did. We did not know when.

but we knew it would happen eventually. And what do we mean by what would happen eventually? Oh my goodness, the NASDAQ was down decently. And now what we're going to be able to do is measure. When a strong market pulls in, you get to see the real big strength. You get to see the strength. you get to see the okay strength you then get to see the ones that were lifted up

because of the strength and we're going to do a lot of measuring in the days ahead because probably and I say probably we've hit a moment with the leading NASDAQ index starts a pullback of unknown price and time just to work off some of the move. That's all. Doesn't mean anything else. Bullish phases are made up of ebbs and flows in the market.

But sometimes the moves get extended more than the norm. And eventually they start to come in. Simple as that. And at that point in time, you're able to see. In other words, let's say the NASDAQ, which by the way, finished down 93 today. Let's say it drops another 200 next week. That's not a prediction. We're just giving an example. We're trying to explain to how we measure relative strength.

What we look for, what names aren't going along for the ride. Simple as that. what names are actually going up what names refuse to buckle and then one of the measurements are going to be what names really get hit that all it would take is a few percent down to smack something down big time that's what we start doing now as simple as that and a keen eye will figure that out. One day does not do it. I can tell you, and Vitya finished up on the day. I can tell you Tesla was up today. So for today, relative strength. On the other end, and then we start looking at those. So that's the story of today. I wanted to do it right out of the get-go after my back

pain travails storytelling because we can also tell what you guys are thinking about. What do I mean by that? Oh, when people that only care about CDs and don't want to risk any money, call me up asking me what stocks are the strongest for artificial intelligence? Catching my drift? we have a pretty good ear to the ground and those are the type of things we look out for and figure out

we were already emailed today you think this is it you think this is it for the move we'll get that also the answer is don't know best guess no not the end

but it got a little huffy and as the day wore it on they started bringing things down into differing levels of strength or moving averages or support areas and we'll know a lot more as we go forward something I did not know yesterday

that I heard this morning and confirmed the move in Microsoft yesterday they actually stated that they believe artificial intelligence could add $100 billion of revenue by 2007. This is a company that does $200 billion in revenues. And I'm thinking that is a big wow.

If they don't add any other revenues on anything else, that's a 50% increase in 24, 25, 24 years. Pretty darn good for a sizable company. Now, obviously, they're predicting, but Microsoft is usually pretty much not out there with the hyperbole. They usually play it close to the vest, but that's noteworthy. But also, we're going to be watching.

for the pretenders. We're going to get a feel for who the BS artists are. And there will be quite the few. Up next, full market wrap, we can review, whatever 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 commission. just a fee on the assets that's managed. We also provide a full range of personalized services,

including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-422-5559.

That's 888-4-22-5-59. That's 888-4-2-4-2-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum quantum. computing? At IBM research, what we always do is answer what is the future of computing,

whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can

run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Today's episode is brought to you by SimpleMills, from their crackers to their cookies to even more of their delicious feel-good snacks. SimpleMills packs nutrient-dense ingredients into snacks that taste amazing, like their cheesy, light and airy pop-ums, or their five different delicious flavors of almond flour, crackers. Because snacks should do more than taste good. They should make you feel good, too. Simple Mills does that with purposefully chosen real ingredients, like almonds, sunflower seeds, and

butternut squash, creating snacks that help you feel bright and energized, lifting you up, never weighing you down. So you can keep shining through the day. You could say Simple Mills is the feeling of the sun in a snack. Find Simple Mills. at your grocery store. 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, the back pain edition of Investors Edge. But I had a good day today. Man, oh, man, oh, man. All right, the market wrap brought to you by, Investment. Dashmottles.com. That's Jim Warback, one of the great market timers. No gray areas with the man you're either in or out of the market with his proprietary in the cages. Go check it out. Investment dash models.com. Dowdown 109. S&P 1616-16-193, NASDAQ. Does that 100101? Transport 75. The socks down 35. Advanced decline. 1623 on New York. 1625 on the NASDAQ. Do I have anything to add to that?

just a mushy day that fell off throughout the day. And again, oh, by the way, as the market closed, I think today was quadruper witching. As the market closed, right afterwards, they pop the market up some. And whether or not that carries over to Tuesday, because by the way, we're off Monday, I have no idea.

And what it just does, like I noticed that a bunch of NASDAQ stocks that were down pretty decently today, a quarter percent back up after the close. Again, whether that carries, I don't know. For those wondering, thinking, how long, what, because I know you watch, I know you listen, and I know you hear. we just simply day to day. Try and get the clues. When wrong, be wrong fast, be wrong small, when right, try to run them out. As we said to you, confession, a couple of names, we cut them off too quickly. Double-digit gainers, but we cut them off too quickly.

Lessons learned. It's just so you know, Mark, it's a constant lesson. I've been asked a dozen times whether this is 1999-ish. Who the heck knows? The last since Nvidia Day, one could say that, on a select group. My biggest issue. And let me be clear about this. Ultimately, market moves.

Ultimately, remember that word. market moves have to be have to equate with the numbers there is so much hype and fluff a market will take and I'm not even talking about the meme stocks I'm not talking about the bubbles I'm talking about just any stock at this juncture that's made a move on artificial intelligence and let me be clear. They're all mentioning it. Every company is mentioning them. Everybody's AI. They're coming out and saying, even if they're not in it, we're working on it.

We're looking into it. This is what got to be careful about. And ultimately, notice the word, the market will flush it out. ultimately that can be way down the road down the road a couple of months next week stay tuned next point so on june second we had told you that the comatose areas of the market woke up they were dead every day we would say to you avoid this area that area

and that day it woke up whether it be the caterpillar types caterpillar dead woke up that Friday closed that day at 2.38 no 228

it's 245 already and I'm just using Caterpillar as a example because part of this has been the economically sensitive stocks. Ultimately, there's that word again, the numbers are going to have to be meaningful. Ultimately, these moves are going to have to be backed

by what we call beef, or eventually forget about it. We're already a little skeptical, of some of the moves. We'll do our scans on the weekend and get a better feel. I'm really not so sure about a lot of, a lot of retail names. They've rallied up some. But remember what we said about retail, they were the worst of.

A lot of them were the farthest down in their bare market. For instance, Coles just rallied from 18, the low of June 2nd, close today at 23. Coles was $63 in March of 22. That is, all that is is a bounce in a big bear market. So we're going to be also gauging how many of the coals are out there. Macy's. rallied up from 12.5 to 15 in change. From that day, it was 25 in February.

To us, that doesn't change much. It would have been nice if you bought it the day before knowing, oh, we're going to get a rally here. That's how we're going to be measuring. And the good news is we'll have three days this week to lay in bed and figure it out. But it just gives you an idea what we try. to do with this juncture and really, really, really try to drown out everything else. Drown out the boo-birds, drown out the permeables, and I will tell you, I want to be careful with my words.

Unfortunately, Wall Street is full of just so much, so many charlatans, so many. You know what I mean. We won't name them. It doesn't really matter when all said and done. Everybody's trying to prove their worth. It is just amazing that people that were bullish all the way down trying to change the past. Up next, more. And this, that and the other thing.

I'm Gary. This is the one that only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta, we discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI,

coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature. Right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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. 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. Today's episode is brought to you by Simple Mills. From their crackers to their cookies, take care. even more of their delicious feel-good snacks. Simple Mills packs nutrient-dense ingredients into snacks that taste amazing,

like their cheesy, light, and airy pop-ums, or their five different delicious flavors of almond flour crackers. Because snacks should do more than taste good. They should make you feel good too. Simple Mills does that with purposefully chosen real ingredients, like almonds, sunflower seeds, and butternut squash. creating snacks that help you feel bright and energized.

Lifting you up, never weighing you down. So you can keep shining through the day. You could say Simple Mills is the feeling of the sun in a snack. Find Simple Mills at your grocery store. 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. I'm highly recommended. You're going to feel. better if you talk to. And welcome once again to Investors Edge. The other part, and I'm going to mention this again because it's of import, part of what O'Neill, Bill O'Neill did, was he studied every bull and bear market, how the big leaders started out, how they went about their business, how they kept going up, how they went through corrections, how they finally hit a wall, how they

topped out, we're going to spend hours this weekend looking at the highest relative strength stocks in the market. If this thing has legs, if it has legs, pretty much sure most of those front line names, most of those frontline names should continue. Notwithstand, earnings reports that change the playing field. Notwithstanding. That'll be part of the process. Leave no doubt, Nvidia seems to be number one.

Could that change? Can change tomorrow. Well, Tuesday. In that space, you never know when a space becomes unfriendly. And no, doesn't look like it's too viable this second. It's already made a decent move off of this latest move. And we'll start ranking them.

And we'll start dealing with them. And start watching them. I'm loath to give you out others because I promise you a bunch. I'll name a few that have been shown the AI space. Oracle and the big cap. Microsoft. Adobe, though, just to give you an idea. of Adobe, they announced earnings. The stock gaped up today to 519, closed at 495.

Now, normally, oh, that's a bad reversal, but the stock had already made one heck of a move off of this AI thing on May 25th. So for me, that reversal ain't not so bad, except if you bought the open today. In that space. In that space. In that Space Google, not as strong as the others, but a big part of it. They have the thing called Bard, I believe. And you never know who's next. You never know what shows up next. This is kind of sort of brand new at this juncture.

So there's going to be a lot of going over. I remember 99. And just so you know, in 99, I was pretty much an infant when it came to what we do now. I learned O'Neill pretty well in the mid-90s, but it takes a while to pretty much master it. And just by happenstance, well, let me take that back. just because a lot of things just kept going. We got lucky. We don't think it was skill, but they took things straight up for a while, anything dot-com-related or tech-related.

I can promise you, if this is like 99, this has a ways to go, and 99 was the outlier of outlier events. We'll see what this has in store. Today, normal pullback from elevated. I would think in the week ahead or weeks ahead, maybe some more. Maybe let the norm catch up. What's the norm? Moving averages. And then we'll see what they have in store.

The other part of the equation and kind of sort of the easy part of the equation, what goes by the wayside? In other words, okay, we get a 3 to 5% pullback in the NASDAQ and a few things start breaking down. That's the easy part. Because once things break down, you put them to the side until they start showing themselves again. So a lot of work to be done as we move forward. But nothing will change in that when wrong, be wrong fast and be wrong small. when right do your best to let them run

and may I state for the record that's not so easy easier said than done from somebody who's been doing this quite a while easier said than done but you keep working at it and I believe every day in these markets

is another lesson for those who stayed 100% invested throughout the bear I'm happy for you still down but getting a bunch back good on you as we've always said in the bear market we don't like bear markets we don't want anything to do with them

they're no fun we know people have their 401ks and where they are and what they're doing. What's our long-term worries? Remain the same. I was watching the miseries in D.C. today. I'm almost speechless. And I'm not even going to name names in D.C.

And I'm not even going to talk about the candidates right now for the next presidential election. It's just one's worse than the other. And just remember, off and out of the news. Out of the news. it's over, it's done. They just grew our government, the size of government, 50% from 2019 the year before COVID.

Our government grew 50% from the year before COVID. And a ton of it's going to be wasted, given away, make people wealthy with government grants for climate. No accountability, no oversight, just one big gigantic cesspool and we have to sit and watch. We promise you when that hits, the market will know it. The market will speak up.

It always has always will. We spent a few minutes a couple of weeks ago telling you, we have time tested the 87 crash, every top. But 87 has a special place because, man, oh man we would have been out weeks in advance weeks in advance we'll be ready we don't know when but we're going to be at 35 trillion 40 trillion 50 trillion of debt trillions going towards interest and it's now off the front pages because they know they've got it down pat we wake up every morning and do our thing?

It's out of the news. Up next, we can review or some news, whatever else. I'm Gary. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Embatta.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing. whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes.

Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things. that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature. Right? My cell phone is a mature technology at this point.

How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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, I have a stomach ache 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 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. Today's episode is brought to you by Simple Mills, from their crackers to their cookies to even more of their delicious feel-good snacks. Simple Mills packs nutrient-dense ingredients into snacks that taste amazing, like their cheesy, light, and airy pop-ums, or their five different delicious flavors of almond flour crackers. Because snacks should do more than taste good. They should make you feel good too. Simple Mills does that with purposefully chosen real ingredients,

like almonds, sunflower seeds, and butternut squash. Creating snacks that help you feel bright and energized. Lifting you up, never weighing you down. So you can keep shining through the day. You could say Simple Mills is, the feeling of the sun in a snack. Find Simple Mills at your grocery store. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In the guesters edge with Gary Culper. So a week ago, I noticed the Kava group, the Kava, C-A-V-A, where I live. It replaced Zoe's Kitchen and Kava

went public yesterday and it's a restaurant in 22 states and they don't make money. They lose money. Yet I believe it was a $22 deal and they opened it at 40

got it to 48 yesterday and I'm like really and I don't think I mentioned it yesterday it finished at 38 today and changed down $5.63 cents which has me saying to you

be careful I am really surprised they were able to overheat a restaurant, never been to one, I guess it's a Mediterranean maybe, that loses money. I don't know what that means. Yeah, Mediterranean.

In fact, I go to their website now, and the first thing they show is falafel. That surprised me. Don't think, I'm not taking anything out of it, but that was in the news, and I thought I'd mentioned to it. The losses are narrowing. Great.

We'll see how it goes. Who knows? Maybe the next Chipotle. By the way, symbol C-A-V-A. In the news, I want to mention this again. Microsoft says that AI, AI, by 2007.

And they, usually, they're pretty good at the understating. They're not hypesters. Don't think for a second that we're not going to be paying attention to that. Now, I hear it was mentioned yesterday by them, and I never saw it. It was up 11 yesterday. It was down 5 today. And maybe that's in the stock. this point in time? I don't know. In the news, interesting. So Judy Shelton is, I think she used to be

with the Fed. I'm not sure. I think so. She writes an op-ed in the Wall Street Journal, agreeing with everything we told you about the Fed. I know it's kind of boring, but they brought us a lot of strife. Right now, they're bringing us 5% money markets, which is not bad. They talk about how they botched inflation. Of course, she doesn't mention that they caused the inflation, but the next words meant more than anything. And Congress has allowed it to become too powerful, too prominent, and too political. Imagine, think about this. I know I've said it a thousand times. One man was able to print that $9 trillion of funny money conjured up money one man was able to do that how is that possible

he's more powerful than the president and i must tell you when he goes on Capitol hill and get gets asked by congress I didn't hear anybody saying what the hell are you doing nine trillion What did you do to the bond market? So it's good to see people are now agreeing with me that we told you about years ago. But it's not good to see that this same person is still running the show. In the news, I just have to mention this. Headline from Fidelity. They send this out to clients.

You ready? Big Tech is back. now they're saying big tech is back do you know what big tech is done since january first that worries remember what we told you the reporting of news after it happens one of the reasons two days before the broad market started picking up was i said to you it's now being reported that the market's narrow and a bunch of the market hasn't done anything they finally reported seven stocks leading the whole market. Big Tech is back.

We'll see how that plays out. We don't want to see the journalists report Big Tech is back after it's already have a big move. You know what we want? A lot of doubt. Doubt. Doubt. In the news.

Hey, flagship AT&T store is now leaving San Francisco on top. of malls other stores and other stores you know there was a journalist that had to do a TV spot inside and they basically came out and said they were told by their company not to be outside because they're worried about the crime do you notice what they're not reporting whose district San Francisco is P-E-L-O-S-I the media and politicians don't forget it You have a great weekend drive carefully when you get home, do like we do. Quite simply, make sure you hug your children. Happy Father's Day to all the dads.

And for all that emailed, hope your back's feeling better. And thank you so much. Best the Gary on Monday, we shall be back on Tuesday. Be well, stay well. Thank you. 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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