Investor's Edge with Gary Kaltbaum - THE BROAD MARKET [01.15.2026]

Episode Date: January 15, 2026

https://garykaltbaum.com/The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or Bi...zTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing. 

Transcript
Discussion (0)
Starting point is 00:00:00 With so many options, why choose Arizona State University? For me, the only online option was ASU because of the quality. Their faculty was really involved with their students and care about your personal journey. The dedication to my personal development from my professors, that's been extremely valuable to me. Earn your degree from the nation's most innovative university. Online.
Starting point is 00:00:22 That's a degree better. Explore more than 350-plus undergraduate, graduate and certificate programs at ASUonline.asu.org.org. Investor's Edge with Gary Cultbaum. 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.
Starting point is 00:00:45 A thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It's Thursday, January 15th. It's 2026. Hope you're having a good day. By the way, I'm sitting here in central Florida. I hear it's going to be 30 degrees tonight.
Starting point is 00:01:03 I just went outside. It's very windy and it's very cold, at least for Florida. For New York City, it's downright summer. Anyway, in case you don't know. And by the way, we're going to say some things on the market today. It is an extension of what we've been saying on certain things. things not performing, but we're going to be a little bit more in depth on our words. So it is serious talk on everything that affects you. We will do the markets. The economy,
Starting point is 00:01:47 your job, your industry, the Morlocks in D.C., everything that affects you. With no bias, no agenda, no ulterior motive. And we know we're doing our job when we get people emailing us. We don't get any nasty, excuse me, emails anymore. But we get people pissed off and we get it pissed off from the left and the right. And that's good because both sides suck. Anyway, if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post on our X feed.
Starting point is 00:02:25 and if you don't follow us on X, you should. Let's put our name in. If you like to email us, you can't. Just be nice. Just be respectful. And of course, we'll also post the show at the BizTV YouTube channel and other podcast app. So we try to be very careful about what we tell you, what we do. We loathe.
Starting point is 00:02:57 there are people that go on social media and say oh we bought this we bought this we bought this we bought this we bought this we bought this and they would say another word for three weeks and some of the things they bought crashed and then they come back and tell you oh we sold them 10 days ago we try to be careful about that I want to start out by saying
Starting point is 00:03:25 we bought the spider which is the S&P 500 not equal weight In other words, it's based on the big strength versus the little. And we bought the NASDAQ 100, the QQQ, back in late April. Right after, well, what happened was they did the Liberation Day market crashed. And then on that Wednesday, well, on Monday they were going to change their stance, but it got leaked, so they changed it on Wednesday. The market put in a real, what was it like, a turn?
Starting point is 00:04:02 2,000 point down move in 10 minutes. Then for a few days pulled back, why? Because there was rumors that they may go back to liberation day, whatever. Two days after we had this, what we call a follow-through day, it's a confirming occurrence. It's a one-day occurrence. I will tell you that every bull move started with one, but not everyone worked out. There's been plenty that go up and then fritter away. So we bought the SPY and the QQQ, very timely.
Starting point is 00:04:44 We sold the QQQ weeks ago because of, and we wrote it up good, because eight stocks are in the 60% plus range. of the cues and we just noticed the few of them were acting poorly. But we have not sold the S&P. We still have it. And the S&P hit a high in late October at 637, the SPY. Excuse me, I'm sorry. That's the Q's.
Starting point is 00:05:19 689. Late October. October, November, November, November to December. Mitz the January, almost three months. Mid-October. We are about three months now. now, no gains. Up three.
Starting point is 00:05:40 680, almost 690. We close today. It's 692.01. Three months of no gains. And we had some corrective work. That's some corrections. But no gains as the midcaps just broke out five days ago. and are on the move, the small caps on the move, the equal weighting S&P broke out a few days ago,
Starting point is 00:06:16 up 2% while the S&P hasn't budged. How can that be? Well, as we've said to you, the equal weighting S&P is two-tenths of 1%, each of the 500 stocks. But in the S&P, 8%,000, stocks are like 30 some odd percent and the problem is those eight stocks Apple bearish Microsoft really bearish meta bearish Netflix really bearish Tesla somewhat on the bearish side the broadcom I wouldn't call it bearish but under the 50 day and not working Amazon hasn't done a thing in a year that leaves us with anvidian Google and Vindia has done nothing since August. The only one that's really been bullish is Google.
Starting point is 00:07:13 So all of a sudden, not all of a sudden, we've been telling you about this weakness, but the broad market continues to do the job. Today on my screens, strong day for the midcap, strong day for the small cap. the S&P was up quarter percent, while the midcaps were up over 1%, and the small caps were up a little less than 1%. On top of that, the transports were up about 1.6%. And then you have the semiconductors.
Starting point is 00:07:59 The socks was up 1.760. today though we'll talk about that later because may have hit a bump today so just letting you know we're in the midst of thinking man we wrote up the S&P but we really want to ride things up and all we can tell you today the NASDAQ was up 250 early because a big strong semiconductors but also the mega caps were not down and the NASDAQ only finished up 58 today gave back almost 200 points and the semis gave back a bunch but Apple ended up down near two bucks Microsoft three bucks Netflix was up finished down Tesla was up finished down
Starting point is 00:08:49 Amazon was up a bunch was finished up a buck and a half and video was up six and change finished up 390 Google was actually down and that's the strongest name you're catching my drift. So we're just letting you know we're thinking about this because the broad market has been pretty damn good since the first day of this year. And the S&P and the NASDAQ, NASDAQ 100 can't get out of its way.
Starting point is 00:09:18 They're just range bound three months. And the NASDAQ is off the highs of October. It's only about 2% off the highs, not a big deal. But you want to really take from the market the most you can get and I'm not so sure you're going to get it from the SPY anymore versus the RSP which is equal weighting. We'll see. I had to bring that up because it's starting to get the best word I can use what word am I looking for much more much more you can see now the difference between the equal weighting and the regular and the small and mid versus the large
Starting point is 00:10:18 and there are charts out there that are basically they are small caps versus large caps and you can see the small caps have turned up the right side in a very big way so there is definitively a move a foot away from, remember for a long while we were on here saying everything sucks, everything's bearish except eight names and a few others. It's completely changed now. And the unfortunate thing for the big indices, the unfortunate thing is that I'm not sure they can really get going if these eight don't. And in fact, you got six of them that are heading south still. We'll stay in touch on it.
Starting point is 00:11:04 Hey, lots more to cover today on 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,
Starting point is 00:11:55 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 888-4-22-559.
Starting point is 00:12:19 That's 8-8-5-59. That's 888-4-2-2-8-4-2-2. 5-5-59. Investment advisory services offered through call-bomb capital management. Guys, it's no use putting it off. The best time for an underwear refresh is now.
Starting point is 00:12:38 Tommy John Underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there
Starting point is 00:12:53 more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.
Starting point is 00:13:16 Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000. and airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change.
Starting point is 00:13:33 See Capital One.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.
Starting point is 00:13:58 You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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.
Starting point is 00:14:35 Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. So let's call it a weird day in the market. What do I mean by weird? Goldman Sachs reported earnings. And what we do is in the...
Starting point is 00:15:02 lead up to the open of the market we are going through where earnings reports are opening Goldman Sachs was down about sixteen dollars to about nine twenty nine hundred and twenty right before the open right before the open it only opened down four or five and in the first minute, it rallied from 924 to 945, fuddered around for a few minutes, and finished up 43 bucks. Was down $16. And now keep in mind when companies report, you have these institutions, look at them over, the analysts, and they had it down $16. bucks. They were saying the numbers are not great. What change beats the hell out of me because Morgan Stanley also was down just a buck before the open and on the first bar is up six,
Starting point is 00:16:21 finished up 10 to half. And interesting, both of these things did that after yesterday, Wells Fargo, J.P. Morgan and Bank America all got smacked on their earnings reports. And Citigroup, my bad. city group recovered decently today the others did not so beats the heck out of us how that goes got a couple of more banks reporting tomorrow m&T bank i think i'm not sure what else m&T bank op nc and regents financial oh and state street also so four names but else what else went on today well as we said the nasdaq was up 250. I'm going to get my bearings right here. It finished up 58. The NASDAQ hit today.
Starting point is 00:17:15 23721. Yeah, about 250. Only finished up 58. But as I look at the market, the strength early today, it came in. It came in off the highs. The semiconductors today that opened up ridiculously strong, another gap. The socks today, right near the open, was at 8,000, and closed at 78, 37. Gave back
Starting point is 00:17:59 163 points at one time was up 300. So that got a little distributed, but still strong. And I think the only thing wrong there is, man, they got them extended. I have to tell you KLAC at the open today was 1571. Up $137 early. And I'll explain why. ASML finished up 68. Was up but 95. The story goes,
Starting point is 00:18:31 Taiwan semi, which was up 25, finished up a little less than 15. They reported earnings and they said something about something called CAPX, capital expenditures. How much they're going to be.
Starting point is 00:18:48 be spending going forward, which is how many chips are going to be needed. And that's why they jammed the living heck out of these equipment stocks of the semis. But it's not just that. They rallied up a lot of the so-called artificial intelligence names came off the highs of the day. I'll look them over tonight. They gapped up Black Rock, finished up 64 tonight. on their earnings not at a new high but looks like it's starting to show up better action and just transports restaurants economically sensitive mention the semis housing remember what happened with the housing they did something with two hundred billion dollars markets love when government injects all kinds of
Starting point is 00:19:47 money. And we don't mortgage backs, whatever, the housing stocks turned up on that news. So it's a good day for that, better day for housing related stuff, something like a top bill, BLD, just broke out at 462 three days ago. It's 500 already. The company's earnings are down every quarter. Government. decent retail day today. Few were down, but nothing wrong. And here's another thing that happened today. People were making fun of President Trump. We're not. The story is that he was talking tough. We're going to blast the hell out of Iran. And I'm paraphrasing, he's backed away. oil prices dropped $2.95 today after jumping up. Interesting enough, oil stocks, not so bad.
Starting point is 00:20:58 I would have thought they would have been hit hard today. So I don't know what the market believes. By the way, I'm cool with that. That he backed away. People were talking taco again. You know, that's the taco thing with tariffs. Trump says something and then backs away. whatever. I don't want to attack. And he better not attack Greenland, by the way. I saw a bunch of Republican's today all jimmied and souped up. Oh yeah, yeah, yeah, Greenland. Yeah, wait. I don't think that's happening. Anyway, that's a great day for the consumer as oil prices tanked. And I think that's part of the process today of what happened in the market. So, Just letting you know, broad market, change of complexion, big stuff out, rest in.
Starting point is 00:21:57 And if you recall, and I do, I was on this show every day saying avoid this, this, this, this, this, boy, that sounds like everything. Oh, but by the way, here's the strength. And it was a select few names and a select few sectors. that's changed. Now how long it lasts, how far it goes? I don't have a clue. I can just tell you it's going on. And if it changes again, we'll let you know.
Starting point is 00:22:29 It got accentuated. That's the word I was looking for. It's got accentuated in the past couple of days. Actually, from the start of the year, it's got accentuated. It's quite the wow. you asked us. Up next. What else be going on? Actually, we'll help you save money today also. This is the one only investors add. It's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day.
Starting point is 00:23:37 Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of Men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.
Starting point is 00:24:00 This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?
Starting point is 00:24:25 Terms apply, lounge access is subject to change. See Capital1.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, Sorry, I can't talk right now. I'm editing audio.
Starting point is 00:24:46 If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at Spreker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to America is talking.
Starting point is 00:25:27 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. By the way, when all was said and done today,
Starting point is 00:25:55 Goldman Sachs was pretty much the whole doubt. today, up $292. Remember what we told you. The big names have the highest price names in the Dow have all the influence. Hey, I'm about to save a little money. And I'm about to save myself a little money. So every morning I wake up in 6 o'clock, 6 a.m. hour. Winston, that doesn't like jumping on the bed anymore, sleeps in his little bed. And I get up and turn on the tube. I turn on the, I turn on the, game show channel. Yes, I like watching the old match game shows with Gene Rayburn. And then I put on main type of news. And I watch the Today Show. But I tape it and just go through the things because I got to tell you, they do 15 minutes of this and then a bunch of that. Something they brought up today. I couldn't believe the number, but then again, I can. the average person in this country has $90 in subscriptions, but $17 of those subscriptions are unused, and they don't know it.
Starting point is 00:27:21 On top of that, and we know this, how hard is it to cancel something? What did I have to cancel the other day? I canceled, I forgot what it was. It took me six steps, and I still couldn't figure it out to cancel something. I finally figured it out. So Washington, D.C. is actually doing a good thing for a change. And that's hard to come by also because we know Washington, D.C. just plain old sucks. They are trying to put through some sort of legislation to make all these subscription thingyma bomb.
Starting point is 00:28:09 that they have to make it easy for you to cancel. It shouldn't be easy to sign up and hard to cancel. It shouldn't be easy to do a trial and then want to cancel and then an act of God to cancel. So just letting you know that's going on, and I got to tell you, I went through my subscriptions today. I found some. You know what Google did to me?
Starting point is 00:28:37 I guess I have this Google business thing and without my knowledge they put a lot more people onto it to where I was first paying eight bucks a month I think it's up to like 45 or 50 now so they're getting a call and WWE is no longer on Peacock so I'm canceling that this weekend and I'm going to be looking at us check your subscriptions out kids
Starting point is 00:29:11 you never know. A year ago, I didn't even realize this, ducked onto one of my credit cards, and usually I'm pretty darn good at reading it. I was being charged for nine months of something that I really didn't think I signed up for and I paid nine months of, and I don't even remember what it was. Check your credit cards. Don't be a doofist like me. And let me help you with another thing. the Wall Street Journal. So they start you off with a teaser rate for a year. I do digital. I don't get sent. And what happens is, at the end of the year, they email you
Starting point is 00:30:01 that they're now going to raise you to a big number. And I just tell them I'm canceling. You know what they do? They send you back the teaser rate again to keep you on. Just want to let you know. that goes for a lot of uh type news driven stuff they want your eyes
Starting point is 00:30:23 so just letting you know that also but I just want to start just to save you a little bit of money because if I'm going through some of that subscription crap you are too anyway and by the way I was all over today other news did you read this Oh, first, it looks like Harbaugh is going to be the coach of the Giants.
Starting point is 00:30:58 So it is a happy day for me, ladies and gentlemen, because I'm a big believer this year if the Giants had a good coach, I think they would have won 10 games. There were five games they were winning in the fourth quarter, but the coach was so bad, didn't know how to close a game. I don't believe it's been signed yet, but it looks pretty much done. It looks pretty much done. and I do believe in the next day or so that baby's going to be signed. I am thrilled. And tomorrow's Friday, we'll give you playoff picks. Monday is the University of Miami-Indiana game.
Starting point is 00:31:40 We can give that out on Monday. The spread on that is Indiana is minus 8.5. The over is 47.5. I think Indiana is the better team But eight and a half is a lot of points The over 47 and a half I think that's light I have a sneaking suspicion
Starting point is 00:32:06 This is going to be in the 50s If not the 60s But we'll give that out on Monday And we'll do the football playoffs Tomorrow I'll spend some time Tonight. Buffalo at Denver, San Francisco, Seattle, Houston at New England, Rams at Chicago. A couple of them really stick out for me. We'll let you know. And which leads me to the other thing I wanted to bring up.
Starting point is 00:32:38 Do you know people have been arrested, dozens of people charged with fixing and point shaving, college basketball, and some of the defendants. played in the last week? Unbelievable. Gambling. Schools name in the indictment. Tulane, Southern Miss, St. Louis, Robert Morris, Northwestern State, North Carolina, and T. New Orleans, nickel state, LaSalle, Kennesaw State, Fordham, Eastern Michigan, DePaul, Coppin, State, Buffalo, Alabama, State, Abilene, Christian. Wow. The charge with bribery in sporting contests and conspiracy to commit wire ford. The alleged fictions are also charged with additional counts of wire fraud, maximum sentence of five years, fraud charges up to 20 years. Gee whiz. They were shaving the games. Players were doing things on the court in order for other
Starting point is 00:33:47 betters to win their bets. Scum! You know, there are people that believe there's a lot of that going on even now, even now. Back on markets. Keep avoiding the software stocks. Even today when the market was up big, Salesforce.com finished down another six, Microsoft, down another two, Oracle, down another four, and those are the big ones.
Starting point is 00:34:25 The smaller software stocks are just getting run over. HubSpot, Workday, crowd strike guide wire snowflake I can go through a crap load of them they're just being let go and let go and let go
Starting point is 00:34:46 so I hope you've been listening there a lot of jello moving on the plate kids and I have to tell you if you owned all the big tech you're losing money regardless of what the market's doing so I hope you listen to that also because it's been bad.
Starting point is 00:35:08 It got worse today. And I have them in one spot on my screen, and they went from green to red early, and just kept going and going and going and going. It is revenge of the nerds. It's the best way I can put it. I don't usually buy mid-cap indices. I bought the midcaps.
Starting point is 00:35:36 That's not normal for me. Tomorrow's another day. Up next, missed that and the other thing. This is the one only investor's edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.
Starting point is 00:36:33 Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.
Starting point is 00:36:56 This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details.
Starting point is 00:37:26 This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confuse. used relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is, Spreaker
Starting point is 00:37:47 makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might
Starting point is 00:38:03 someday pay for, well, more microphones. Start your show today at spreeker.com. Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.
Starting point is 00:38:24 Action! In the Gester's Edge. With Gary Culper. Interesting today. You know, we talk cause and effect with the oil, so oil tank today. So the airlines were up, bounce pretty good, but the cruise lines were down. I would expect them to bounce. And the hotels are up.
Starting point is 00:39:08 Travels better. By the way, I have to go to South Florida this weekend, and I may stay in Miami, Saturday night. Holy crap, what they get for hotel rates on Miami Beach? Who was paying those prices for little hotel rooms? They're insane. $1,500. Kiss mine. They ain't getting that from me.
Starting point is 00:39:40 There was one for $2,500. What, they think this is Tuscany? I guess Miami's a hot place these days. When I lived there in high school, I went to North Miami Beach Senior. Miami was, my grandmother lived on Miami Beach. at the National Hotel, I believe it was called. I think it was, yeah, the National. I had my bar mitzvah at the Eden Rock Hotel on Miami Beach.
Starting point is 00:40:11 But I guess it's really grown up big time and big monies there and big foreign monies there. Good for them. I still remember was it 0708 where it crashed? But it's back, I mean, just in a big way. but I do have to complain about one thing. The drivers down there on I-95 Miami, they suck. And it's amazing. I've been down there and people drive it,
Starting point is 00:40:38 and I'm not making this up. Not exaggerating. People driving 120 miles on I-95 and nobody's stopping them. You would think the police would have a, and the sheriffs have a field day, and they do nothing about it, and they could stop it.
Starting point is 00:40:54 And I've never looked up how many people are dead on I-95- 95 down in Miami. I still remember I was driving. I had a duck. But I'm glad to see. I lived in North Miami Beach and then I moved to the Aventura area, a place called Sky Lake, Highland Oaks. It's a great place to live.
Starting point is 00:41:24 I loved it there. But it's got and so. I remember when Aventur before it was Turringbury, there was like not much there. And then a gentleman by name of Don Sofer took it over. Boom. And now it is just nothing like progress, kids. And I got to Orlando because of the radio show.
Starting point is 00:41:48 And the Chrysler Jeep dealers were covering the show and all of a sudden I got a lot of calls. And I said, oh, let's go to Orlando. See how it works out? I dig it here. I live 30 miles from Daytona Beach, 40 miles from Disney. I for it takes you all the way.
Starting point is 00:42:12 and they finally fixed up I-4. That was a nightmare for a long while, but now they have a fast lane that you pay for and I am glad to pay for it. Comes out of my Christmas Club account. Anyway, the S&P 500 this year is up 1.5%. The mid-cap 400 is up 6.4. Russell 2007.8. The NASDAQ only up 1.2. That's all you need to know. small and mids versus big. And it's all on a few stocks. Seriously, it's all on a few stocks. As I have said to you, eight names in the 60s for the NASDAQ 100 and in the 30s for the S&P.
Starting point is 00:43:12 And only one name is bullish and that even sold off today. If that changes, we'll let you know because this is some very very, vital stuff. As we said, we have a big chunk of the SPY going back to April and now we're noting other things are better. And I'm wondering about it lasting a while because they have not been better for so long. And I'm thinking, well, since they have been so much weaker versus the other, Don't you think the relative strength is going to be better for a while also? I think there's a shot. And again, as I've stated, we'll keep you on top of it.
Starting point is 00:44:08 Not easy. Again, the S&P is up 1.5. The Russell's up 7.8. Mid-cap 6.4. The NASDAQ is only up 1.2. and I gather the NASDAQ 100. I don't have that number. But let's see.
Starting point is 00:44:34 The NASDAQ 125, about 1.2. So a change of complexion, the only thing we don't know, duration, how much, we'll stay on top of it. We're not in the small caps right now. We are in the Mids. And we're in the Dow.
Starting point is 00:44:56 I never do that. Dow is okay. That's a little bit of the story here, and let me repeat, it got accentuated today. That's the best way I can explain it. More accentuation of it. And we're less surprised by the day because markets change. The job is to follow the change and deal with the change. But I needed lots of proof.
Starting point is 00:45:42 We're getting more on a daily basis. Reasoning, don't care. Outcome, everything. And that's your story today. Avoid software. Mega Cap Tech. Seriously. The Mag 7 or the Mag 8, or whatever they call it.
Starting point is 00:46:09 You'll have a great evening drive carefully when you get home to like we do. Quite simple. make sure you hug your family make sure you hug your children they will feel better you'll feel better i promise stay well be well as always thanks for joining us peace out all good night 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 gary k dot com that's gary k dot com guys it's no use putting it off the best time for an underwear refresh is now Tommy john underwear is designed for a perfect fit that stays put all day.
Starting point is 00:46:46 Their zero-chafe thanks to four times more stretched than competing brands, and their innovative horizontal quick-draw fly is a game-changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com, code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One VentureX card.
Starting point is 00:47:12 Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.

There aren't comments yet for this episode. Click on any sentence in the transcript to leave a comment.