Investor's Edge with Gary Kaltbaum - The Broad Market Week In Review [11.22.2024]

Episode Date: November 22, 2024

https://garykaltbaum.com/

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

your host. A thanks of being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. I believe it's Friday. It's November. November. 22nd, 2004. Hope you're having a good day as we head into Thanksgiving week next week. I believe we, let's see, Wednesday, market closes at one, Thursday we're off, and all that fun stuff. Hope you're having a good time. We have lots to discuss. We want to thank Adam for taking over while I've been on a trip. back in the contiguous 48 states. And quite the interesting things to cover today. But first, if you don't get this radio show in your city,

we'll post it at garyk.com. We'll post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. We'll also post it on all the podcast apps. If you'd like to email us, just be nice. I will say that a couple of days ago I was discussing about I got this email from somebody. They emailed me back and everything's good. Let's put it that way.

I guess I explained myself well a couple of days ago. This is serious talk about everything that affects you. We will do markets, the economy, your job, your industry, the debt, and the deficits, and the Morlocks in D.C. Go look up the word Morlocks. You'll know where we're coming from. And anything and everything else that comes to mind. And we do mean business.

Recently, we have discussed the election. As you know, we thought Trump was winning. We gave you the reasons why we thought he was going to win. We were right on the money on why he was going to win. and I must tell you right out of the get-go, nothing has changed. As we have been on our little trip, little business, a lot of pleasure. We do a lot of, you know, watching. We don't stop working.

We love what we do. It is amazing to watch people who lost, not being introspective, but just blaming. and still using the words like racist, misogynist, homophobic, anything under the sun to explain losses, when we have told you it's all about policy, that the policies of the last few years we had said to you are exact words how many times over the last three years? we cannot continue the trajectory they have us on of massive gargantuan open borders costing the wealth of this country. And we're called racist even though we are so for immigration. We are so for people coming into this country and doing great things.

Do you know how many immigrants have come in and have done great things and have created and created wealth and magnificent things. I told you about one of my best friends. When I was a little kid, their family came from Cuba within five years. His father was president of a bank. They came in and worked hard and played hard, did everything right. But no, we're racist because we want a controlled border. Not where 10 million people have come across.

Not where 10s. I'm now being told that tens of thousands of kids have gone missing. And when we use the word missing, they're somewhere, but they're missing. And who knows missing with who or how or why? And of course, we blame the media also because under Trump, they gave him in colonoscopy 24-7 on what he did by separating families. And rightfully so, but not a freaking word for three years on what's been going on under this administration. So it comes under the heading. The media sucks.

Never trust them because they are so damn biased and it's a shame. All they have to do is their job. And now we're finding out that MSNBC that has been calling you racist and misogynist and homophobic and hateful and Hitler and Nazis. Their ratings are down 50% since the election. and they're still doubling down on the same crap while all every one of us wants is to wake up every morning and do great things and grow and do things for ourselves and our families. That's all we want.

And they just, every day, generalize swathes of people outsharped and now saying black men are misogynish. and that's why they lost. They're saying Hispanics are racist. What the hell is a matter with these people? And we bring this up because we want to segue to my favorite part of we have to change the trajectory, and that is Elon and Vivek. I love what I'm hearing. And it's amazing that the left is complaining about two men that want efficient and efficient.

an effective government without massive debt and deficits yet they're pissed off oh all they want to do is get rid of Social Security and Medicare and Medicaid and throw Grandma off a cliff they're insane you have these two men

all they want to do is what we have been preaching forever and you know what they're going to find out just how bad it is millions of dollars spent to find out the sex, the sexual habits of horn-toed frogs in Venezuela. I just made that up, by the way. But you get my point. And as I have said to you for such a long time, they have turned a billion dollars into a footnote.

turned $10 billion into footnote. They gave away $150 billion of our tax dollars to people who signed contracts on student loans. And the media says nothing about $150 billion of our tax dollars given away, picking and choosing winners and losers. It's insanity. So I love what I'm hearing so far. Of course, they can't do anything right now, but they are going to be full and fair disclosure. They're going to be doing podcasts. They're going to reporting to you. And ladies and gentlemen, just wait, just wait what they have done and how much they have screwed us, the taxpayer. Wait till you see what we find out. You know why people are pissed off because they are losing their power base

our slush fund their slush fund it's about time they have still not answered me as you know I really want to be a part of it but I guess I'm a nobody and I'm going to keep trying to get involved

because I know where they can cut a half a trillion dollars out of the get-go just remember Biden on purpose on purpose added a trillion plus of debt

and we're not talking about Social Security, Medicare and Medicaid we're talking about just pure spending I know exactly where it is and what he did so hopefully they answer me but as of yet they haven't I'll keep trying

and I just wanted to start with that and lastly I'm so happy Gates is gone. What a terrible pick by Trump. And now they're picking Pam Bondi, ex-attorney General of Florida. That's a terrific pick. I don't know why they pick Gates first. Just such baggage the guy has and we don't need these flame throwers besides his baggage. Pam Bondi is going to be a great attorney general because she's tough on crime. What a concept to be tough on crime. You know, they kicked out the asses of some of these district attorneys in California and mayors in California that were soft on crime. And you know what happened? Crime went up. And amazingly, out the door, they were saying, well, we're proud of ourselves.

We were able to do this. That up yours. You did not protect your citizens. you coddled the criminals, you let them get away with so much, people that were arrested 20 times would do the same thing a 21st time and nothing would happen to them. It's pretty simple. Just don't do any crime. Or else? That's how you stop crime. Up next, we'll put a bowtie on it, we'll get into the markets, dang. 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 Mbata. 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?

Yeah. My cell phone is a mature technology at this point. How far are we from that point with Quantum? 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. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you can. 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 stomachache every time that I eat and it just becomes like a lifestyle where, oh yeah, you know,

I just, I have a stomachache every day. Or I'm constantly feeling like gassy. And, and 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.

All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire

than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored Jobs.

Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs. all to assist you in achieving your financial goals.

Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-2-9.

That's 888-422-5-5-9. Investment Advisory Services offered through Coltbaum Capital Management. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum.

It doesn't get better than this. So, welcome once again to Investors Edge. So just let me finish up and then we'll get into everything else. I believe the left lost because of crime was a big part of it. And all this talk about no crime, this crime, that crime, and the crime numbers and crime stats and this, that, the other thing, they lost a lot of votes on crime. Simple as that.

You know, life is pretty simple. You know, I call myself Mr. Logic. And a lot of these people make it pretty easy for me to call myself Mr. logic. Here's how you prevent crime. You make them pay for doing the crimes. Do you know up in New York right now, they're still taking over colleges. They're still there taken over colleges and chanting from the river to the sea, which basically is calling for the death of Israel and the death of Jews. it's not happening in Florida. I don't know if you know that.

Do you know why? They told them if you do it in Florida, you know what it doesn't happen in Florida. It happens up in New York, a Columbia University. It's insanity. And Columbia University brings speakers on that in the past have said that that October 7th

were martyrs. And they're actually bringing in speakers that in the past said October 7th was defense. So there's a lot of insanity. On the shoplifting front, in New York City,

I just read 30 arrests some person. You know what happened on the 31st? And do you know what happened on the 31st? Oh, he beat the crap out of an 80-year-old. And the other day in New York, if you haven't read, a guy who was arrested 12 times, oh, murdered somebody. And this has just got to stop. And this was another reason.

So if you add it all up, these are the things we told you were the problems. Debt, deficits. Well, we're getting Vivek and Elon, and I think they're going to do the job. Immigration. Well, you know, they're serious about that. and controlled immigration. They're not racist. They just want people to come here the right way.

And crime, well, you're getting an attorney general who will pass Pam Bondi, who is not soft on crime. So it's good to see and we'll give them every chance to do great things. Remember what we've told you. We don't care if there are or Ds. We don't care. We want good policy. We want we the people. people. And if they're going to do we the people and control the size and scope of government

and reach a government and be we the people, we're going to be all for it. So we'll see how it plays out. We'll keep reporting to you. And in case you do not know, it has everything to do with you, your money, the markets, your job, your industry. Whether or not they do tariffs slight in a crazy way, don't know, but I'm pretty sure they know there's repercussions. And by the way, I'm hearing also they're going to have a deficit hawk as the Treasury Secretary, which is the exact opposite of Janet Yellen, who wanted, who couldn't care about deficit. She said they were under control and by the way was calling for global taxes. So we have what we would call a polar opposite of what we have seen over the last three and a half four years. And by the way, they were

warned. Joe Biden was warned. Kamala Harris was warned. They were all warned about everything they were doing and which way it was going. And they did not listen. And that is why Harris changed her whole life, our whole being in a matter of three months in order to lie to the American public about who she is and who she was and who she would be. So onward and upward, we don't know how it's going to play out. There's been a good reaction in the markets so far. That can change. Of course, there's been an unbelievable reaction in Bitcoin, which we still have to say there's no product, no service, no earnings, no sales, no nothing, and everybody's given a reason why it's going to keep going up. Oki-dokey, we never argue with price.

The bottom line is it's Enfuego. And where it stops, we don't know. It was an eight-month breakout of a range. Trump is talking about having, you know, how they have an oil supply in this country? They want to have a strategic Bitcoin reserve also, which may or may not be a good thing. We do know the last bare market. I believe it dropped like 75%. Whether or not that happens the next time, don't know.

But wow. We also get being asked about micro strategy. We just think it's 5 to 1 leverage at this point in time. I do believe it dropped like $150 yesterday from the high to a low. And we just tell you, be careful. Know your risk tolerance. Pick your poison. Be smart.

Don't be crazy. For all we know, it just keeps going up and up and up and up and up. Or, as we stated, no product, no service, no earnings, no sales. What can I tell you? Gold. Very good comeback in gold. Broke the 50-day move and average handily, back up neatly, although I think every day this week.

But not at highs and still has some work to do. And as we segue to the markets, I did not do the show yesterday. Yesterday, we took positions in mid and small caps. We are in hopes. They finally get going. Full disclosure. We bought them before in the last six months.

Full disclosure, we sold them as every time they faded. This go-round looks to be a little different, but we'll stay on top of it. keep close watch as we do everything out there. This one has a little bit of a different feel. A little bit of a different feel. And we did it with the ETFs. And again, we'll see how it plays out. If they can get going, that just adds more to the market. On the other end, really don't like the way some of these mega-cap tech names. It just looks like they're heavy and we'd be careful about them. Market most definitely has changed complexion to small and mids and other areas right now. To what extent we don't know, we would just tell you,

we'll see how it plays out. Up next, more on the markets. This, that, the other thing. I'm Gary. This is the one only investor's edge. 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 leg, legacy of building stuff, 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 consciousness? 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. J. 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 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. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spendor. Spendorsed. less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status

it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed. sponsored jobs. You're listening to.

America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him.

And welcome once again to Investors Edge. It's Friday. It's heading to Thanksgiving. And as we have said to you in the past, If you have the ability, think about doing something for somebody you need absolutely nothing from. In every city, there are homeless shelters. There are people that will never have a Thanksgiving dinner. Just something to think about.

It doesn't have to be big. It can be one person, could be small. But I promise you you'll do something for somebody and you'll feel great about it if you can. I will tell you that many years ago we were one of the first wishgivers of Make a Wish and I believe it was 1986

somewhere in there, mid-80s and I felt so good about doing it we sent two young dying girls they would die to Disney World with the families I felt so good about it that we just decided to do things that way if we had the ability. So just something to think about if you do, especially at Thanksgiving, we can promise you that there's a lot of people down on their luck. Right where you live, a lot of people down and out. that need just a little bit of lift and a little bit of help.

They're in shelters. You know where they are. You just go look, whether it's Boys and Girls Clubs, whatever it may be, just something to think about. And in advance, a big, happy and healthy Thanksgiving to you and yours. I hope you and your family have a great Thanksgiving. I will be up in New York. with my whole family and my grandson, Reese Daniel, having a very good time.

And that has me segueing to another Daniel. Daniel Jones has asked the Giants to release him. As you know, I'm a big New York Giants fan. This is our sports section of the show. And that's actually the Giants doing the right thing by him. The Giants would have released them. They said Daniel Jones asked for the release because they took him out of the starting position. And he just was not making it. He was overthrowing everybody, underthrowing everybody. You can tell he's a class act and a good man, but just wasn't happening. And the Giants will look forward to another quarterback going forward.

Another tough season for my team. Notice how we just segue back and forth here. back on the stock markets I mentioned small and midcaps what I'm noticing now is a lot of stocks in that arena that we have something we haven't seen in a very long time and that is

they break out and they get going they break out and they get going I'm going to give you one example from yesterday that I did not buy into because I want to see proof positive of things working.

When you have a chance this weekend, go look at Data Dog or Datadog, symbol D-D-O-G. And again, full disclosure, we don't own it and we did not buy it yesterday, even though it had a high-volume breakout, about a 10-month trading range. It's been a lagging stock.

and is off the highs from three years ago. But it broke out yesterday. In the right type of group, the software stocks have been better. They just opened it up $5 today. And as I speak, and by the way, the market's still open. It's up about $9 today. Go look at that chart. I haven't seen that happen in a very long time.

So as more and more show up, and they will, it may be an interesting next few months. Of course, things can change in a nanosecond for the markets. We stand fast and stand ready every day for changes in the markets. But that's just one example. And there are others. But use that one as an example about what we're starting to see here, that things are moving and they're not turning back.

And they're also not giving chances either. That's when you know you have a better market at this juncture. A few other things we're seeing right now. Watch the XLF, the KBWB and the KBE. These are all banks financials. They gapped up on the election and have been sitting tight ever since looking like they want to go topside. If they do, more for the market.

And just watch Goldman Sachs, J.P. Morgan. Bank America Citigroup Wells Fargo Morgan Stanley they all look somewhat the same if they move out of that range

you'll know it because those ETSs will move out by the way if you're hearing a little music I'm actually in the lobby in the corner of a hotel in Las Vegas I was trying to do the show in my room but the internet kept going up and down

it's working in the lobby in the lobby, so I'm sitting here next to a plant as people pass me by and the music's playing. Anything for our audience, ladies and gentlemen, what can I tell you? What else am I saying? China just ain't happening. Another rough day today. And I must tell you, when that had that first big gap to the upside and had then two or three gaps in a row because of the Chinese government get involved, thought, okay, let's see what the pullbacks look like. That's exactly what we told you. But the pullbacks started to look iffy. And we kept saying to you every day, we haven't done anything, we haven't done anything, we haven't done anything. I got to tell you, we really haven't done

anything. We're not touching it. And you got a bunch of breakdowns in China. So we're avoiding it. Brazil, very weak. European markets, especially France and the UK, very weak. Germany, which has been on the stronger side of the three, that's even has pulled back. I say you stay with the U.S. Simple as that. And I mentioned earlier to the mega-cap tech, meta, living under the 50-day. Apple, a little bit above it, but really doing nothing. Amazon failed a beautiful move above $200 and below that big number. and acting a little bit on the icky side.

And very important because they're a big part of the S&P. Microsoft, very weak. And then semiconductors, very weak on a relative basis. And as we said to in the past, full disclosure, semiconductors lead markets up and down. Not 100% of the time. Right now, they ain't leading up or down. they're weak,

rest of the market, doing better. And we're talking most, which takes me to Invidia. Envidia opens hot yesterday on earnings after being down in the aftermarket, fails the breakout,

and as we speak, having a rough day, they actually got a downgrade today. If you're looking to buy Nvidia, just wait. If you own it, no reason to sell. It's back in this little range bound here, not the end of the world, but leave no doubt above that $150 level, that was distribution by institutions for whatever reason. Maybe it's just the semiconductors are a weak group, and it's going to be tough. We'll let you know if it breaks back above, we'll be in it.

But right now, under pressure, nothing to do. We put it a little bit to the side, and we'll just leave it. alone and if it decides to get going again terrific but there is a thought that maybe it's on the late stage side but also the semiconductors are acting awful and what we mean by that is on a relative basis versus the rest of the market we have on our charts a relative strength line and those semiconductor names the relative strength line has been tanking and as markets up, semiconductors week.

And that's how we measure markets at all time. And that's how we also measure the fact of, we mentioned the small and midcaps, the ETFs that are representative. And we'll see if they work. We're never sure. When we tell people we look for launching pads and then uptrends, you never know if they're launching pads, we'll turn into uptrends.

Up next? Yes. What else we got going? I'm Gary. This is the one only investor's edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale.

Don't pick the shiny little toys on the side. For example, if anybody has more than 10% of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah. So we are not asking our clients to be the first experimenter. We say you can leverage what we did.

We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. 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 IHeart Radio. Listen now wherever you get your podcasts. All right, quick quiz for the hiring managers out there.

What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more low. likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching

and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Terms and Conditions Apply. Need to hire? This is a job for Indeed's sponsored jobs. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! And welcome once again to Investors Edge. To give you an example, and we're nearing the final hour of the market today, Dow's up 350, NASDAQ's up 14.

NASDAQ 100 is up 12. That's the mega-cap tech, not doing the job. And we'll see how it plays out. We'll let you know. We show these things in our webcasts all the time, and we're big on the relative strength front. And it's just a change of complexion now. These small and midcaps,

and by the way, the words small and midcaps have changed through the year. They're a lot bigger than you used to be. That is the place this second. And as I mentioned, that data dog, and again, full disclosure, we don't own it. And we should have bought it yesterday on the breakout, but we did not. We don't want to be the guinea pig. But it's up big today. And if more and more of those things show up, that's the place to be.

So just want to make sure you know what's going on. And in the Dow, the Dow's not back to highs yet. But if you look at the indices over the last couple of weeks, you went straight up. off of the election on a gap and you did this little you if you look at the charts they look like a you if you take out the high on the right side of the u that's uh pretty i don't want to use the word powerful let's use the word strong pattern uh for higher prices as we head into the holiday season but of course we stay on top of it and as we said to you here there are a bunch of things that aren't working but which takes me the oils a couple of weeks ago we came off the avoid on the oils as a

whole even though there's about 15 names that were really strong if you look at the oil et s this is going in a man x-l-e almost at yearly highs those are the big oils exon chevron and the like the x-op and the o y h the explorers and the services, they're coming up the right side now. So there's maybe some plays in oils going forward. And interesting enough, they're moving without oil prices going higher. That's actually pretty good news. And I think it just tells you about the market and maybe something about the election.

What is the line? Drill Baby Drill. Now, in case you don't know, we're producing more oil than ever. So I don't know exactly what this is reacting to. We're just letting you know. Oils have been coming on and we'll see how it plays out. Not big leadership, just what we call asserting itself in a better way. And they were pretty much dead money.

I mentioned gold. Gold miners still weak. And the Grand Puba gold, Newmont mining, looks like the south end of a northbound jackass. So the gold miners, not so sure, but gold back above the 50-day moving average, and we'll see how they play out. We sold that as it topped out, made some decent cheese in short order. We have not got back in at this juncture. But I just want to make the point again, market shaping up, and we'll see what happens. I will tell you just a few days ago, the NASDAQ had three-to-one negative.

On new high list, new low list. I think there was 240 new lows, 80 new highs. Let's hope that gets better. And I'm pretty sure in the last couple of days it has, as I said to you, a bunch of these software names. And speaking of software, go look at IGV. Has that little you. And basically, it looks like a little you. You go up too far.

You come down. You make a you. And then you break through the right side. It's usually a strong pattern for further gains. So we're giving you all these little things to look at this weekend on this Friday show. Give you an understanding about what to avoid also. Bonds are still not acting great, but no biggie. It's trading, you know, it's at 4.3, 4.4 on the 10-year yield.

Not going to kill anybody, though mortgage rates are up because of it. We just think our thought process that there's no way we can continue the trajectory and it looks like we are going to change the trajectory of the size, the scope, the reach, the control, the debt and the deficits of government going forward. We'll see if they accomplish it. But everything I'm hearing from Elon Musk and Viviore. Vec is everything I have been talking about for years on this show. What have I been saying?

My exact words have been, we're looking for a hero. And I think we may have two. And now we'll see if they get the job done. There's already a fight on. You know from who? Because it's their power base. But I really do believe at this juncture, they have the bully pulpit and they're able to show a lot of the things we have listed for you on this show that are just utterly insane

10 million dollars wasted here 20 million there 50 million there gave 350 billion dollars to john podesta for climate and there's been no accounting of it it is going to be so easy for them to cut the waste they're going to be doing podcasts showing where our money has actually been going. And I got to tell you something, you're going to be throwing up when you see how our tax dollars have been spent throughout the years. By the way, by both parties, it takes two to tango. So we're excited. And again, we hope we get heard from and we get involved with it because we know where the skeletons are and the skeletons are buried.

And it's not going to be too hard to find. That is going to imagine having an efficient and effective government. Imagine how great this country has been and how great we have been the people with what they've been doing. Just imagine that if they really treated it as a business and not as a gargantuan slush fund. We'll see how it plays out. Ladies and gentlemen, you have a great weekend drive carefully. And when you get home, do like we do. Quite simple.

Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise stay well, be well. Glad we got this radio show out here. Peace out all. Stay well.

Bye bye. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to Gary K. 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,

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