Investor's Edge with Gary Kaltbaum - THE BIG TRY

Episode Date: April 13, 2023

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

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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 here, ladies and gentlemen, happy that you are listening. It is Thursday, April 14th, 2003.

I have some questions that I wouldn't mind having answered. And I think you're all probably thinking of the same questions that I am thinking about. First off, and this goes hand in hand. Recently, we talked about an email I received from somebody that said, I'm using too many expletives to describe people in government that it's beneath me and I shouldn't do it. It's Trump-like. And I came on yesterday. I said, I'm going to try to do better.

I understand. I get it. But it comes from the utter frustration, the gargantuan frustration about what they are doing to us. You know what the latest is, by the way? They're trying to force electric vehicles down our throats. even if we don't want them. At prices, many people can't afford. Without any infrastructure, not even close, without any forethought.

In other words, rules, regulations, fees, fines, mandates, taxes, authoritarianism, control freakism. I mean, I can go on and on, big time. So, surprise to me, upon me saying I'm going to try and do better, 100% of the emails I received today was, no, Gary, you're actually not being harsh enough. One person said, I am so P-Oed that I wish you were on satellite and you can really blast them but good. Amazing. I was surprised. But that goes hand in hand with something else that happened today.

I'm going to read it to you. FBI investigators have arrested Jack Texera, a 21-year-old suspected of being behind the biggest U.S. intelligence leak in nearly a decade. You'll get my point. Attorney General Merrick Garland confirmed that the National Guardsman had been arrested in North Dighton, Massachusetts without incident. A 21-year-old. He's a member of the intelligence wing of the Massachusetts Air National Guard and the leader of an online chat group where top secret Pentagon documents were published by him.

The FBI said in a statement that its office is. are continuing to conduct authorized law enforcement activity at the residence where the suspect was arrested. And an unusually blunt remarks that vowed to push on with identifying, pursuing, and holding accountable those who portray our country's trust and put our national security at risk. By the way, this 21-year-old, very odds favor,

he's going to be indicted for treason. But I don't even want to talk about him. He's going to get his. We've talked to you about our government. what they're doing to us and the blob and how much money is being spent and how big they are and how layers of fat and the amount of people and the amount of buildings and amount of this that and the other thing and of course the corruption i have a simple question how does a 21-year-old in a national guard get access to the most important secret documents this country has that forget our enemies

that affects our allies and the worry that at the highest levels of our government we can't protect it our defense department $850 billion

a year that's not just for jets and ammo and people. It's for security. You know what's security, the beginning of security is? It's secure. The ability to secure these things. So let's just add another

$850 billion and a 21-year-old punk who's in big trouble now. You get my point? You know, when, something gets too big, corporations, entities, it's tougher to control. It's tougher to control. Look what's happened. Now, our allies haven't said much, but I gather in the back channels and back rooms, there's a lot of talking going on. The whole Ukrainian war and all kinds of numbers and our thoughts, our deepest thoughts militarily.

out there. A 21-year-old. And he was able to put, what is on, something called Discord. It's like a chat room type thing. This is part of everything I am explaining to you anyway. And goes hand in hand with my frustration. $850 billion. You know what I read also on just on a sign that we've spent throughout the years

35 to 40 trillion dollars on poverty? How the heck do we have poverty? You know, if you gave me that 35 to 40 trillion, there'd be no poverty. And now they're telling us what kind of cars to drive. They control the schools and doing a terrible job with some school districts now lowering the bar so people be less smart. and when they have to go out into the world and compete with others, they're going to lose.

They're controlling the health care system. That's a big gigantic bloat of no way of understanding anything. They're taken over the banking system now. Don't think for a second they're not. The central bank has taken over markets. They're trying to destroy the old. oil industry, my frustrations. There's no we the people anymore. It's we them. And they're laughing at us. And a 21-year-old got the most secret, important documents and shared them.

Now, go look up what happens to treason. He's in trouble. And I'm looking at the pictures of this kid. It's like a 21-year-old. At 21, I was in college going. to the dog track and playing tennis. You get my point? Quite the valid. 850 billion. In the year 2000, we spent 350 billion on defense. It's 850 billion.

Go look at what every other country is spending, and then you've got to ask the question, why do we need to spend 850 billion? And we can't even keep documents safe. Man, oh man, I will tell you, the Washington, D.C. bureaucrats are very lucky I'm not going to be elected president. They would know what hit them. They'd actually have to be accountable.

Something, there is no accountability. Anyway, I just had to start with that because that's just popped up in the last, you know, couple hours. 21-year-old. Anyway, thanks for being here. Hope you having a good day. Markets had a really good day. Up next, the market wrap, moves of the day, news of the day, whatever else today. I'm Gary. This is the one only Investors Edge.

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Skinny Pop, popular for a reason. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today.

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You know, I must tell you, I make more and more sense every day. I must share that with you. Anyway, so as you know, listen carefully. Want me to listen carefully. The S&P 500 is trading where it was. April 29th of last year. It's now almost the year. And that was after a drop.

Now we went farther down, rallied up, when father down rallied up, hit a real low in October on a big reversal day, went up, came down, around that 3770, 3,800 area held support again several weeks ago, and we dropped to that 3,800 support when the banks crashed. Well, the banks are still weighed down, but the markets rebounded on the back of the S&P, some of the mega-cap tech, and whatever else is doing it. We're always looking when we're looking at price and movement, opportunity. What do we mean by that? Well, as we tell you, physically, when price trades below the 50-day moving average, there's no opportunity. When it trades above, there's opportunity.

The S&P is trading above the 50-day moving average. But it's done that, I'd say 60% of the 50% of the 50% of the, time for the last almost year but did nothing just sat and then went back below and then went back above and went back below we're letting you know in the last oh couple of weeks after this move up off the recent low the indices have what we call sat built like a little handle and a move above that handle and price is usually good news. Today at the close, the S&P moved above near-term handle, edged above. I say that with a proviso. Disclaimer. Tomorrow, five of the biggest financial companies report and United Health, the most important stock in the Dow reports.

If all six of them blow up, could be a problem for the S&P. Next week, a couple of thousand. No, excuse me. Next week, not a ton, but a bunch of important names report. The week after, Apple, Amazon, Google, I can go on and on. I think Tesla reports next week. So we're just letting you know there's opportunity for higher prices here. yesterday we talked about all these things that were at support levels and they better hold

one of them was apple which is 16 billion shares outstanding every dollar 16 billion in market cap apple was up 3.5% today 3.3% today off of support 3.4%. And they moved Microsoft up a couple of percent, Facebook 3%, Google 2%, Amazon, 3 and a half, 4%. Amazon had some this, that, and the other thing. Amazon's earnings were down 98%. And they're not talking about sales.

All of a sudden they're talking about expenses and the market like that. So guess what they market did today? They bought up some of the bigger cap tech, which has a major influence. But let's not shrug off anything else. You also had good moves and the down types. Foreign market's not bad.

Gold, another good day. What's weakened today? The dollar. Markets been loving week dollar. Had another inflation report today? Very nice. We told you last summer inflation was topping. Now it's coming down neatly, nicely, and I'm hearing food prices may be starting to come down.

I haven't seen that yet, but that's what I'm hearing. So we got some opportunity to move higher. And we'll see what the next few days bring. Simple as that. And we say that by telling you that that was only up 1.1% today. The S&P was up 1.5%. 1.3%. But when the market price and trading is tight moves like that,

can be important. And of course, we'll do our scans and look underneath the surface, and I already can tell you that there's still plenty of stocks that look like caca. But if now the financials can gain back some of their croaking, I gather that's going to help too. So I will tell you this. The next few days are going to be quite the important to my technical work. And we'll see what comes of it.

I already went through the new yearly high list. There's still not a lot. McDonald's and the Dow is a new yearly high. That may be even an all-time high. Ferrari, New Yearly High. Look at that. Just not a ton. And as you know, you know what real bull markets have?

A lot of leadership. But they start somewhere. Maybe this can be somewhat of a start. Nine, 11 months of nothingness. to set the stage. Now I will tell you this, if we can decide to go higher, just remember, pay no attention to the perma bears. Just like as the market drops,

don't pay any attention to the permabals, neither helps. You need flexibility in understanding that. Markets are fluid. The innards of the markets are fluid. Just remember that. Airline stocks are still croaking right now. We don't want to own them. A lot of economically sensitive stocks act terribly.

We don't want to own them. We'll let you know what's leading. We'll let you know it's lacking. But good day. Market wrap brought to you by, Investment-Dashmodels.com. That's Jim Roarback, one of the great market timers. No gray areas with the man you're either in or out of the market

with his proprietary indicators. Go check it out. Investment-mottles.com. As we said, Dow, Well, 1.1, up 383. S&P 54, NASDAQ 236. It was down like 100 and change yesterday. 261 on the NASDAQ 100. The SOX only up 22.

Hmm. So if the semiconductors were strong today, we'd probably have a lot bigger. Transports were down 33. Vance declines pretty darn good. No complaints there. More new lows than new highs on the NASDAQ still, which is quite amazing. I've yet to scan. We'll do that in a little while.

But good day. We'll take it. Up next. What else are we saying? I'm Gary. This is the one only investors, Ed. For many men, mental health challenges aren't recognized until they've already taken a toll.

Work pressure, financial stress, changing relationships, and traditional expectations around masculinity can quietly wear men down. Often without clear warning signs, in season three of the visibility gap, Dr. Guy Wynch and his guests explore how these pressures show up, how to spot them earlier, and how men can access meaningful support.

Listen to the new season of The Visibility Gap, a podcast presented by Cigna Healthcare. No matter the occasion, snack time should be easy. That's why Skinny Popcorn keeps it light, airy and endlessly delicious. Skinny Pop is made from just three simple ingredients, delivering an irresistible taste without being complicated. Skinny Pop simplicity allows you to freely enjoy as much popcorn as you want. Just open the bag and enjoy. No overthinking, no tough choices.

When it comes to snacking, Skinny Pop just makes sense. Deliciously popped, perfectly salted. Skinny Pop, popular for a reason. By the time I hit my 50s, I'd learned a few things. Like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it,

But I did. The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist today. Sponsored by GSK. America is talking. Investors Edge. He's got to be pleased with that.

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 what, what was the best. Once again to Investors Edge. Hey, thanks for being with us today.

Hope you having a good day. I'm here on the iPhone in New York City. By the way, 87 degrees in New York City. And I hear, I looked, did you see what happened like Fort Lauderdale, Florida, with the rain and the flooding? They shut down Fort Lauderdale Airport. My goodness. Anyway, 87 degrees here in New York City Day, a little heat wave, which is going by by tomorrow, I hear. I think it would be back to 70 and rainy.

But wow, all over the map. Oh, you know, the climate change is really taken over. I was asked about gold. Did I buy any gold? No, I did not. And, you know, I wish I did. The good news is, if you go look at a weekly on gold, you're on the cusp of breaking out of weekly. and if you look at a monthly go back a while on gold just gold not the not the

stocks you're getting close to an all-time now we get asked what do I think's going on there beats the heck out of me because wait a minute isn't gold supposed to go up when inflation's up and gold didn't go up when inflation went up and now inflation's coming down and gold's going up what what's with that I have no clue I do know that the dollar is sinking right now and that's doing the trick, which I'm not happy about because I'm going to be visiting Wimbledon in June and end of June, and that means I'm going to spend pay more for the pound. Oh, well, still way below where it was many years ago.

That's a story there. Market loves that. and if you want to have an indication, go look up. Why do American multinationals do better with a weak dollar? Go look it up. Don't have me explain it. Go look it up. Do some homework.

Study it. Got to study these things. New yearly high list. Are you ready? Just go over for you. Got some of the drug names, you know, the OZempic drug company. have been strong. And I got a great email from one of our listeners explaining the Ozempic.

Dr. Joel. I believe these 302 area code. What the heck is that? Delaware. Email me great. great explanation. And as usual, I looked it up and yeah, nailed it. And people losing weight. It costs some bucks, though. I am still a bigger believer. Get in shape. That's what I'm a bigger believer in. But hey, whatever works. You know, we have a big problem in this country as far as

way. Just look around. What else? McDonald's New Yearly High. And I think it's just consistency. Even though sales have been dread for the last three quarters, but earnings okay. Yeah, McDonald's all-time high. Mickey D's. Love their fries, hate the burgers. What else? I will tell you that O'Reilly Automotives, yearly high. AutoZone, I think just about closed at the yearly high, at the close.

Ferrari, how are we going into big recession? Ferrari's at a new yearly high. Somebody explained that to me. I have to mention some ETFs. You ready for this? On a yearly high, Spain, the EWP. Italy, the EWI. Germany, the EWG.

But, word to the Ys. The Germany ETF is where it was in 2007. The Italy ETF is, oh man, you've got to go back to the 1990s and way below the highs of 2007. Spain, same thing. So I don't know if the word's careful, just on a yearly chart at New Yearly highs. Europe. When we told Europe was a disaster, market doesn't think so. Vertex pharmaceuticals, VRTX.

biotech finally goes into new high ground it's one of the bigger biotechs astrazenica another drug stock new yearly high only earnings down 19% revenues down seven those are a few and what you should be doing if the market gets better the new yearly high list will get longer and your job every day every night is to go look at that list what Why? If you're going to get a five bagger, 10 bagger, that's the list that always hits, 100% of the time. That's where your leadership is. Now the question is quite simple. Is this thing going to get going or not? All we're hearing is recessions and depressions and inflation and deflation and end of the world types and errors, credit crunches and this and that. I don't know. I think the market's pretty smart sometimes.

though one of our emails had it right guess what the Fed is printing money again and market's been loving that and I was asked well if they're printing money again isn't could inflation start coming back again sure we'll let the market decide now I mentioned some new yearly highs there's a bunch of names that are close to new yearly highs Chipotle's near a new yearly high they make a lot of burritos. So good day today. And let's hope it sticks.

Into earning season. The story is simple. Not what they report. Not what they say. Not what they predict. It's how the markets are going to react to what they report, what they say, and what they predict. Simple as that.

That's what we care about most. You don't get paid by opinion or thought. You get paid on price. You lost your tails in the brutal bear market on price. You make your money on price. We'll let the market decide as tomorrow morning starts off with a big bang of banks and United Health. United Health off of Medicare payments just move unbelievable

most important stock in the Dow just went up 65 points in the last eight days which comes out to about 400 and something Dow points very much price weighted and United Health is 526 Bucks

Walgreens is 35 which means United Health is 15 times more important to the movement on the Dow, even though it's just one of 30, just like Walgreens. It's the stupidest way to measure an index. It's almost as bad as the NASDAQ 100, having seven stocks being 51% of the NASDAQ 100, while 93 stocks are 49%. Those seven stocks better do well. You know which ones they are. They're the big matzah balls.

And they've been rallying up a little bit, rallying up decently, on real crappy earnings reports and sales reports, which means let's see if they come out with good guidance. Up next, this, that, and the other thing, or whatever else. this is the one only investors' edge. For many men, mental health challenges aren't recognized until they've already taken a toll.

Work pressure, financial stress, changing relationships, and traditional expectations around masculinity can quietly wear men down. Often without clear warning signs, in season three of the visibility gap, Dr. Guy Wynch and his guests explore how these pressures show up,

how to spot them earlier, and how men can access meaningful support. Listen to the new season of the visibility gap, a podcast, presented by Cigna Healthcare. No matter the occasion, snack time should be easy. That's why Skinny Popcorn keeps it light,

airy and endlessly delicious. Skinny Pop is made from just three simple ingredients, delivering an irresistible taste without being complicated. Skinny Pop simplicity allows you to freely enjoy as much popcorn as you want. Just open the bag and enjoy. No overthinking, no tough choices.

When it comes to snacking, Skinny Pop just makes sense. Deliciously popped, perfectly salted. Skinny Pop, popular for a reason. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait. And 99% of people over 50 already have the virus that causes shingles. Not everyone at risk will develop it, but I did.

The painful, blistering rash disrupted my life for weeks. Don't learn about your shingles risk the hard way. Talk to your doctor or pharmacist. Today, sponsored by GSC. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! vital secrets and I can't help but believe our allies cannot be happy screw the enemies 850 billion and we can't keep things secure got to also mention Joe Biden the president was in Ireland who's in Belfast I think he went to other places in Ireland I'm not 100% sure if you've never been to Ireland go I've been now I believe seven times six times for golf trips another time took my wife it is magnificent the people are magnificent and we pretty much did all of ireland and we did northern ireland we went to belfast learned about all their history i don't know if you know but the titanic and they have a

big titanic museum there emanated from there and you know about all the strife in Belfast, unbelievable stories that we heard. You may want to look that up and the president was there. Put it on your bucket list. That's all I can tell you. And by the way, if you're golfers and you've been to Ireland, get there. Don't worry about the fact you play in 45-degree weather with rain and hail and wind and all kinds.

It was so much fun. And we played all the great. I think I've played 20 different courses now in Ireland. From Royal Port Rush at the north to Royal County down kind of towards the middle, to Oldhead all the way in the south. And Great Bally Bunyan, I can go on and on. Just an absolute blast there. So if you have a chance.

Hey, in the news, as I mentioned earlier, Joe Biden, through the EPA, through executive order and whatever you want to call it, is putting down new emission standards that basically are going to force everybody into electric, even if you don't want it. What is this country turning into? Just remember, I use the word Marxist,

and some people take that as a bad word. I mean it. I don't use it as a put-down. I mean it. This is who they are. Marxists are controlled. freights and they do it with rules regulations fees fines mandates taxes oversight and giveaways and they've perfected it and they create this climate hoax so to do all this and we're getting

screwed go look with the average cost of an electric vehicle they've got to give they got to give taxpayers are on the hook for 7500 bucks for people rich people to buy electric vehicles. It's insanity. We don't have the infrastructure. What are people in the great planes are going to do? No, seriously. What are you going to do?

They better have batteries that last 700 miles. We've got a Marxist in the White House that has presented himself for 50 years as a moderate. He's a control-freak Marxist. And by the way, I would say it to his face, Joe Biden, you're a Marxist. You know that. He makes Bernie Sanders look like Ronald Reagan. Seriously, we were better off with Bernie Sanders.

At least we would have known what we were getting. That's how bad this guy is. $6.8 trillion budget? Our 2019 budget was $4.4 trillion. Take away COVID. He's taken the budget up over 50%. con game. Let's go into good news.

By the way, you all should be reading all about what they're doing. I don't care if you're on the right or left, they're coming after you. I got to mention this. You know how I talk about great inventions of technology and breakthroughs in medicine? Malaria vaccine just got approved in Ghana.

I don't know if you know this. Malaria, a parasitic infection spread by mosquitoes kills over 600,000 people each year. Mostly children in Africa. This is magnificent news. The efforts to find a vaccine have been really painfully slow, but it's been created by researchers at the same Oxford University Center where AstraZeneca's COVID jab was developed.

Hey, you anti-vaxxers and all that, don't be emailing me, okay? You know what I think. And by the way, it's not the first malaria vaccine, but this one seems to have some meat into it. We'll see how it plays out and we'll report on it. Unbelievable. And let us not forget. And I never forget it. AIDS was a death sentence.

People living out their lives now. Magic Johnson. For starters. Multiple myeloma cancer. People that would last a year lasting 10, 15, lasting, living. And it's only getting better going forward. It's not going to help the Social Security business, but wow. And let's hope it continues.

We need to concentrate on greatness. And by the way, you know who's coming up with these? The private sector. That's who's coming out with this stuff. The hardworking men and women around the world. And we're going to keep cheering them on. All right, tomorrow's going to be an interesting day. Big earnings day.

We'll be back. In the meantime, you have a great evening. Drive carefully. When you get home, do like we do. It's quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better.

You will feel better. I promise. Get some exercise. Don't drink. Marijuana is overrated. I'm here in New York City. It's a big gigantic bang hit. But just take care.

We care. Have a great evening, everybody, same time tomorrow. Peace out, all. Bye-bye. This has been Investors' Edge with Gary Cult Bomb on Biz Talk. 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, and American Public University is here to fuel it. With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.

Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop. You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu. By the time I hit my 50s, I'd learned a few things, like how family is precious. Work can always wait.

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