Investor's Edge with Gary Kaltbaum - The crappy week in review [02.28.2025]

Episode Date: February 28, 2025

https://garykaltbaum.com/

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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 day. Thanks for being with us today.

Glad you here, ladies and gentlemen. Happy that you are listening. I think it's the end of February. 2025. It's Friday. Hope you're having a good day. It was quite the interesting day in this world today. We're going to cover it.

We're going to cover markets. We're going to cover the economy, your job, your industry, debt, deficits, doge, and whatever else comes to mind. Because this is serious talk on everything that affects you without any agenda, ulterior motive or any bias except you in mind. And if you do not get this radio show in your city, I'm going to post it at gary k.com. We'll also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you'd like to email us, just be nice.

All you got to do is be nice. Why? Because we're always going to be nice back. Okay. Okay. Ladies and gentlemen, we're going to bypass the Doge moment today because there were all other moments today in the world of presidentialness. And we're going to start.

with that because I've already received 50 emails asking me what I thought. I've also received emails about how the president is a clown and Zelensky has thanked us a hundred times already. So let me go through it and then a lot on the markets. Trust us on that. So they were having this little thing in the Oval Office sitting on chairs and they got into it. They were supposed to sign this agreement for a deal that was going to get us to a piece between Ukraine and Russia. And we were going to get these medals from Ukraine that would pay us back because we, the taxpayer through Joe Biden, what was it, $150 billion plus. And we're not taking sides on whether that's right or wrong. We're just stating facts here.

And, for lack of a better word, on TV, not in the back rooms. The president and Zelensky got into it in a pretty big way. And we're going to let you decide on what you think. The media is already ripping Trump. The media is already blasting Trump. The Democrats are already blasting Trump. Just remember if, Trump had rainbows coming out of his butt, they would be blasted him.

Just remember Trump, all he's doing with Doge is cutting back what they have done to government in the past of hiring hundreds of thousands of people, running deficits of $2 trillion a year, taking us to $37 trillion. But that's no good. Just remember, if Trump'd amped up spending, they'd be blasting him that way also. so they get no credibility. But let me tell you how I think about what happened today. Whether Zelensky has thanked us or not a hundred times,

does not matter to me. Thank you. You're welcome. He should thank us. Whether Trump got pissed at him or not. Okay. J.D. Vance got pissed at him. Okay.

I deal with the overall, and that is, we the people saved this man's country. If we the people did not give him, I'm giving you the low number of 150 billion of our tax dollars, it would be over. and let me be clear Putin's a murderer a thug a crook a scumbag a dirtbag

we don't want him running Russia he attacked Ukraine Ukraine did not that is an unarguable fact

that said Mr Zelensky owes this country, a debt of thanks, which he has, and he owes us to not prosecute the past, but move into the future. And I guess he pissed off Trump and J.D. Vance today by going backwards and prosecuting. Here's what happened. Why? And he said a couple of things he didn't need to say, what I like today is Trump defended we, the people. That's what I talk about here all the time. He defended our dollars. He defended our taxes. He defended our country

helping out big time while Europe, which is much close to Ukraine, kind of sat on the back burner, not doing much. That's that. We hope

something gets done. We don't like war anywhere. Hundreds of thousands of people are dead in Russia, Russian soldiers, and Ukraine soldiers. We don't believe Russia deserves one inch of Ukraine. I don't know if that's part of the deal or not. But I can tell you today, the market was strong and then swooned until about, let's see, when the market turned today. The bottom was put in around 130 and the real bottom was put in around

215 and we'll talk about the close in a little bit. So that's the story. I'm not going to go back and forth and he's this and who's that. The goal now is let's hope something gets done. We're not throwing blame anywhere. Just want something to get done. That's all. Security is important. We just like that the president defends we the people. And if you don't like them, you're going to say he's this, that, and the other thing? We don't care. Joe Biden did not defend the taxpayer,

did not defend we the people. He opened up the borders, which by the way is 90% down in people coming across. He opened the borders on purpose. He is corrupt as all hell can be through his family. And he wasted our taxes

in many ways, shape, or form and handed them out to people like Stacey Abrams, who's crooked, and I'd say it to her face. And the list goes on and on. So that was today. Next, something else happened today. You know what the Atlanta Fed is? The Atlanta Fed is this outfit that comes out with GDP and stuff like that. And they came out today and said for this quarter, their expectations of like two and a half percent GDP, they're now saying it's going to be minus 1.5%. that's a big drop don't you think

that's a big drop they're saying for the quarter we're recessionary now may I state for the record they've been very good very very good at change in their minds often

we'll see I don't know if that anything to do with the markets don't care the next thing I want to do is I want to do the week in review first and then back out to what the market did at the close today to make sure you know there's something that we call the very big picture that matters to us most. Now I didn't do the show yesterday and they slammed the hell out of the market yesterday into the close off of the back of invidia just getting bled. lasted into the close. And we think Nvidia matters to a certain extent to the market. It's not going to affect Walmart or Coca-Cola,

but it affects technology and always something to watch. But we'll get into that in a moment. And again, we'll get into the day in a moment. for the week on your weekend review. The Dow was actually up. It was up this week. About 400 points. Make that about 410.

Let's call it about 9 tenths of a percent up this week, the Dow. But the S&P this week was down a percent. So the Dow out before. form the S&P by 2%. The NASDAQ on the week. We'll get to that in a second. That's up next on this, the one-only Investor's Edge.

Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review.

The number to call is 888-422-559. That's 888-4-22-5-5-9. That's 888-4-2-2-5-5-9. 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. 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 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 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.

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Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. Okay. On the week, the NASDAQ was down almost 3.5% while the Dow was up 1%. And the S&P was down 1%.

The NASDAQ 100, about the same as the NASDAQ. The semiconductor index, the Philadelphia Semiconductor index, down 7.5.5. 2% this week. Today, at about, let's call it 43-170, at about 2 o'clock today, the Dow after being up 300 early, was down about 70 at about 2 o'clock. up 300 to down 70, whether or not it had anything to do with Zelensky and Trump, I don't know, don't care. From 2 o'clock to the close, the Dow went from 43-170 to 43840, 670 points to finish up 600 points today. The Dow.

and may I state for the record in the last 20 minutes, last 20 minutes went up 270 points in the last 20 minutes. Just reporting to you the news. The NASDAQ after dropping 500 points yesterday at 2 p.m. was 18480. It closed at 18847, up 302. So it was down 60 points at 2 and rallied 360 points in two hours. And in the last 10 minutes rallied up 150 points. Let me finish.

The NASDAQ 100, did the same as the NASDAQ. The S&P today in the last 20 minutes went up 1%. At 2 p.m. was 58, 48, was down 18 points, finished up 92. What made the market jam into the close after what amounted to a slaughter for the last four days? and when I mean a slaughter, they were kicking the teeth in Nvidia and the beta

B-E-T-A broke a bunch of stocks badly. What caused it? My answer, I have no idea. Don't care. But I'm about to tell you something that you won't hear anywhere else

that is mui importante and I'm going to try explain it a way that I do not sound like Sheldon Cooper of the Big Bang theory listen

carefully do you know when we talk on this show about support levels and resistance levels that's just price. At a support level is a place where price over a given period of time, every time that price is hit,

it does not go below. Support. You can draw a line underneath a whatever period of time at or around the same price, that's a support level. There's other ways of drawing support, and that's in a trend line. And what do we mean by that? Let's say you have a trend line, take a clock. And on a clock, you can draw a line from 8 to 2. And you draw that line. and above that line

every time it pulls back into it it bounces and goes higher and the stair steps keep going higher then draw a line from 10 o'clock down to 4 and now start drawing a line into that but underneath it and have the stair steps go lower trend line going south. You got that?

Every now and then, we see something called symmetry. And that is, a trend line gets hit and holds. Sometimes it's on a short-term basis. Sometimes it's on a long-term basis. Sometimes on a big-time basis. when you have a chance this weekend of import

listen carefully again we're going to try to unshelton cooperize this go take a look of the NASDAQAQAWRT on a daily chart just going back a year in fact you can go back on a daily chart now a year is good and you will notice that in August of last year,

in August of last year, the NASDAQ ran all the way down to the 200-day moving average. That is a longer-term moving average. That means the NASDAQ was getting smoked, but held in reverse. And then in time got going again. The 200-day, longer-term. And that was the job.

Japan event this morning, the NASDAQ hit 18372. The 200-day moving average is 18358. And it bounced 400, 180, 470 points off those lows today. That's what happened. next and not to Sheldon Cooperize it again we mentioned to you that's a daily chart going back one year

and each little bar is a day you can go to now the weekly each bar is a week and up next we're going to explain that one too that's up next on this the one and

the 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. 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. Comfort. Tommy John. Comfort perfected. 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? Terms apply, lounge access is subject to change. See Capital One.com for details. 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 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. 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 spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. All right. Let me backtrack. So we're still on the daily.

You can go all the way back to October of 23 where the NASDAQ held the 200-day moving average, almost to the penny. So you have October of 23, August of 24. And guess what? Today it held. Huge hold. But let me go a little further.

Because we can now go weekly. The weekly is called a 40 week, which is 200 days. But the weekly will be a little bit different than the daily and a little bit different than the 200-day moving average because we're dealing with weeks. The NASDAQ held the weekly 40 week in October of 23 and again in August the 24 and had a big reversal on that week. We think this is hugely important. two notes number one a break below

and all hell's going to break loose that's number one a break below all hell's going to break loose why do we know that why do we say that forget the word no because the institutions

today knew it and they jumped all over the market into the close in spite of a lot of damage in the market this week. In particular, the NASDAQ. Number two, the potential for it to be a really good low. And by the way, I wouldn't even been talking about this yesterday because of how bad market finished. I would have been knowing we were approaching the 200 day, but we have to deal with reality and the outcome of something. And the outcome today by the close was one hell of a finish

at the longer term moving averages. And I'm letting you know for somebody, me, who sold down a while back before the carnage, I'm going to be looking at this very closely. Because if I can pick off the market off of this long-term moving average and it works. Now, what am I going to be looking for? Well, it's simple. I'm actually going to tell you some names and where they finish today that I think are of import. In the big banks, Goldman Sachs and J.P. Morgan right down to moving averages and sitting right around them today. Goldman Sachs up 18, almost 3%. Keep in mind Goldman Sachs, eight days ago was 6.72. It closed at 623 today. J.P. Morgan holds the 50-day moving average and bounces.

up off of it today. Those are to be watched. That's number one. Number two, leading growth names. Let's start with NVIDIA. Stock was trashed on earnings yesterday. Doesn't thrill me.

I'm going to put it aside. Tesla was up $10. By the way, NVIDIA was up $460 today. It doesn't thrill me. Why? For the week, it was down 10 bucks, and they sold it off on earnings. But has some influence. Tesla was up 10 today.

Only one problem. It closed a 293. For the week, it was down 45 bucks, including today. Down trend city. No interresante. How about Amazon? Was up three today, up a one and a half percent, was down 2% this week, and is down 31 bucks in three weeks.

Not so sure I'm interested. Microsoft's dead. Salesforce.com is dead. Broadcom. How about that for an AI semiconductor? Well, let's take a look. It was up a dollar 65 today, $199 and change. It was down 19 to this week, or almost 9%.

No, thank you. What we are always looking for, where's the strength? What holds up best? We told you a couple of big banks. Well, let me state for the record Warren Buffett's Berkshire Hathaway is at a new yearly high. That would be number one. Don't know if it's going to continue, but I thought it worth mentioning. Next, growth names.

Spotify was up 17 today to 608, but it was just 652 a week ago, but it's big strength. And we'll see what comes to this. Netflix was up 16 today to 980, but it was just 1,064. You get my point. We've had some serious cards. here. And when I say 1064 is like seven days ago. But much better than most. Facebook opened down 14 today, finished up nine, back above the 50 day moving average, only down $88 in the last six days, even with today, but held very important areas. Door Dash, a crowd strike sitting on the

50 day. Mastercard and visa. Mastercard is just about breaking out a range and so's visa. Strength versus weakness. These are some of the names that I am going to be front and center on as we go into the next week. Don't know if I'm going to buy any or all. But we absolutely positively know where the strength is. but you will need the market to cooperate. I throw in Costco, except they report next week. So no intersante. Talking a little Spanish today.

And there are others, but those are some insurance stocks are strong. They're actually kind of sort in bull mode. Not a lot of new yearly highs. I even made a list of new yearly highs, and I got to tell you, it was pretty damn boring. In New Yearly Highland, let's see what I got. You ready? Oh, 3M in the Dow.

New Yearly High broke out today on volume. Couldn't argue that one. How about AutoZone? Don't mind it. I got a few utilities. As I mentioned, you have some of these insurance stocks. I've got, you ready for this? Yum brands.

Pizza Hut, Taco Bell. and Kentucky fried chicken at a new yearly high. That's a lot of calories. And as we've stated, China's been strong, but they pulled back today. So those are just some names that I'm going to be looking at as we come into the week, and I'm just going to simply hope. Just simply hope. That was a big long-term moving average hold.

Don't know. but I can tell you this. The institutions today were a freaking determined bunch into the close today on a very ugly week and a very ugly last seven, eight, nine days.

Now, I didn't see any news into the close. I was wondering if Trump changed his mind for the 45th time on tariffs. I did not see that. that. Up next. This, that, and the other thing, or whatever else. I'm Gary. 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. 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 Tom. 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. 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. 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 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, Sprinker makes the whole process simple. You record your show, upload it once, and Sprinker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Sprinker 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. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investors Edge. Boy, I think I did a very good job for you guys in the last segments.

Guys and Gals. Oh, I should cover Bitcoin. in bearish mode right now. But if the NASDAQ gets better, it'll rally up. But I think it's dead money for right now. If the NASDAQs again, I think it can go much lower. We'll see. In the news, I've never been in one.

But Joanne's fabrics shutting 800 stores. I got news for you. there are a ton of retailers shutting a lot of stores there's going to be a lot of real estate that is empty whether it's the Walgreens CVS and the drugstores I'm already starting to see that happens

where I live they shut well they shut down in Applebee's but they brought in an Irish pub and I ate there and man was it good as you know I'm a big fan of Ireland and Irish pubs. It's going to be interesting to see who picks up. I mean, ton.

We have a big mall where I live. Shut down completely. We'll see somebody bought it out and maybe do some other things with it. There's a lot of that going on also. In the news, and if I sound pissed as because I am, these racist, anti-Semitic, terrorist-loving, Hamas-loving, jackasses, at Barnard College, did you see what they were doing?

And do you see what kind of jackasses the people that run that college are? They let these scumbags overrun the place, threatened Jewish students there, attacked one of these staff there, and did absolutely nothing there, these clowns running these colleges. Well, as I told you, if I was the president, none of this is happening because I pull all funding for these colleges and I would embarrass the living crap out of them until they did something different. Leave no doubt if it was the Ku Klux Klan that was threatening blacks, they would do something. I don't know what happened, where it happened, how it happened, but these clowns at these colleges hate Jews. And I cannot believe if any Jew ever goes to any of these colleges or gives a dime to these clowns. Guess what? The Department of Justice has announced.

It is now going to be sending boots on the ground to 10 different universities over their failures to combat their anti-Semitism. The Department of Justice is vowing that Hamas supporters and agitators on campus will receive, get this. Federal hate crime charges. Now, I have not looked yet, but I'm going to guess that's a minimum five years. Remember, these people are wimps. There's another word I can use for them, but I can't on radio. They're cowards, their wimps. How do you know?

They wear masks. They completely cover their head and their faces because they're wimps. They arrive in mobs because they're whips because they're whips. will not arrive by themselves because Jewish women would kick their asses. So, thank you the federal government now because Biden didn't do a freaking thing. And he can go rot when it comes to what he did for Jewish students or what he didn't do. And I got news for you. They ain't going to play footsie.

and you know how life works when you deal with crooks and criminals and these zombies? If they know they're going to pay a penalty, they stop. You know, they're arresting now shoplifters in certain cities. And, you know, shoplifting has gone down in some of those cities. You know why? people don't like going to jail, don't you think? If you want to do the crime, you're going to do the time. And you're going to be embarrassed up the wazoo if you take up with Hamas and rapists and murderers and thugs and terrorists.

So well done, Trump administration. well done. And for the life of me, I don't know what's in these scumbags brains, but I don't care. Because remember, tick, tack, toe. You can't win.

You don't even play the game. I wouldn't even talk to these people, debate these people, but if they ever got in my way, I'd kick their asses. And maybe they'll think, about it a second time. That's in the news today.

And you can go read about it because I got a news for you. I care about Jews, Christians, blacks, whites, Muslim, Sikhs, gay, short, tall, fat, skinny, redhead, blonde, brunette, everybody should be treated with respect. and equally you don't pick and choose and these people decided to pick and choose

and finally somebody's standing up to make them pay the price we're not going to change those maggots in Gaza or the people of Gaza who celebrated the death of babies I'm not going to change them

so we're not even going to try that all said you have a great weekend serenity now drive carefully 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 appreciate your time 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 GaryK.com. That's GaryK.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.

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 20. 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. 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 Capital1.com for details.