Investor's Edge with Gary Kaltbaum - THE DARN GOOD WEEK IN REVIEW [02.02.2024]

Episode Date: February 2, 2024

https://garykaltbaum.com/

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Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is February 2nd, 2004. It's Friday.

Hope you having a good day. In case you don't know, this is serious talk on you and everything that affects you. Big time, everything that affects you. the markets, the economy, jobs, unemployment, taxes, deficit, spending, scams, shams, corruption, you name it, and foreign policy. We'll get to that in a second. If you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on a Twitter feed, which is now X. And if you don't follow us on Twitter, you maybe should.

And I never marketed my Twitter that much. I maybe should. I see people with quarter million people. I once had 90 and overnight it turned to 30. I don't know what the heck happened. And by the way, you can email me, just be nice. Late breaking news in case you don't know, Iran and their proxies have been going after us for like a month or two, 100, 150 times, and we've sat on our arses doing nothing about it except twiddling our thumbs. Well, finally, as you know, three U.S. soldiers in a tragic, passed away in a drone attack.

And, gee, finally, the most powerful country on earth has woken up and it looks like we are doing some damage in proxies for Iran and others. I believe there's explosions in Syria right now. I'm not sure where else. I'm sure you'll hear about it over the weekend. It's about time. Remember what we tell you about bullies? They're really wimps. They're really cowards.

if you let them bully, they bully. Anyway, that's late breaking news. I wanted to start with that, and it should be an interesting weekend. I also have to mention one other thing before we get into it, and I got lots to cover. Anybody know who Carl Weathers is?

Carl Weathers passed away. Apollo Creed. Passed away. Young, 76. I don't know if he was ill or not, but he passed away. You know what I liked about him? He just seemed like laid back, relaxed, enjoys himself. I saw him on some interviews and stuff.

I think wasn't he in the Happy Gilmore and stuff like that also? He was in a bunch of things anyway. All right, we move on. And let's get to the crux of the matter. What we do here is very serious. It's dead serious. What we do here, when we say to you, we think we have the best eyes in the business, we're not kidding.

And in case you don't know, that sounds like we are patting ourselves on the back or we're conceded. No, we just work our tail off. And throughout the years, we have proven ourselves time and time again. We pride ourselves in the markets of never being in bare market stocks. or bare market sectors or downtrends. We pride ourselves in the fact that we read the roadmaps of the market. Not somebody's opinion. Not somebody's buy, sell or hold.

Not somebody's target price for the end of the year of 2024 when I don't even know what I'm eating for dinner tonight. We pride ourselves in being able to look at a photo album for familiar faces. And every now and then we get something. called the stick out. Sticks out like a sore thumb. Something where we're so confident of, we will come on this show and be as about as specific as specific can be, even though we're already very specific.

When we tell you, for the last year, avoid China stocks, except PDD and a couple others, which finally broke down. when we have been telling you to avoid most of the oils it's not by accident that they're not working when we tell you

the other side what is it's not by accident that they are and Fuego so we're just letting you know we are going to continue to work our tail off put our best foot forward

for ourselves our clients our consulting clients and you. And we just hope you're listening because Wall Street, and this is not an indictment, is pretty much a fully invested vehicle. You all know that, right? And what they do, you get invested.

And sometimes you just get 100 different stocks or 20 different mutual funds. But when you get into bare markets and your million is down to 650 and you're asking what's going on, They're telling you, don't worry, everything's okay. It'll come back. And God bless them, the S&P is at a new high. That said, city group is still down 90-some odd percent from 2008. All depends. So no indictment on them, as long as they fully disclose what they do and how they do it.

So we just want to let you know that recently, not by accident, again, again, Again, not by accident, we had highlighted for you in particular, and our verbiage was very specific on something called NVIDIA. Now, NVIDIA was a very strong stock from early 23 into the summer. And then in the summer pretty much hit a wall in the high fours with a high of about 500 bucks. And for six months did nothing while being talked up by everybody is this artificial intelligence thing of a bob with soaring earnings and revenue growth. But the stock wouldn't move. In the couple of weeks leading up to the Friday when we came on this show, we'll get to that in the second, which was January 5th. We were just kind of saying to you, Nvidia's in a really good trading range here if it ever breaks out.

but we weren't really specific, but on the Friday the 5th, we came on and we actually said to the, we don't normally do this, but, and we said to you, if Nvidia breaks out above 506, buy the heck out of it. And we gave you our reasons. Again, the photo album for familiar faces. Number one, we believe arguably it's the most important technology stock in the market right now, usurping Apple to a certain extent. Apple much bigger, but in V-Vidium, really driving the bus on this artificial intelligence

and their earnings and sales growth. Number two, it traced out what we believe to be one of the most perfect patterns to bust out of. Remember, anybody can say, oh, this broke out above range, but it's very important to be able to see the setups before that happens. well on that Monday it broke out on that Monday not only did it break out volume picked up it closed on that Monday just at 522 moving above 506 January 8th it's February 2nd the stock was up to $31 today to $661 from 506. You can add that up. I'm pretty sure that's 30% plus in less than a month on a major large cap stock, not some speculative 80 cent stock going up 30%. We hope you listen. We're getting lots of emails from you. I'm getting emails. I'm buying your dinner.

What island do you want to go to? No, we're actually getting things like that. No, we don't want anything. Thank you. It's good. But what also happened is the other part of the equation that we told you

could potentially happen. If Invidia, arguably the number one stock, maybe it's number two. Maybe it's number three behind Microsoft also. If that's breaking out, what's going to follow. Well, we told you about Broadcom, Microsoft, Advanced Microdevices. You catch where I'm going

with this? And guess what happened to all of them? We gave you specific points on Microsoft at 380. It's 411. For starters. Another one was Facebook. We actually told you the day, and we don't usually do this either. That we thought Facebook was on the move. We bought it on the fifth. Facebook was up $80 today to $4.74. The entry was right at $3.50. Last I looked, that's 30-some-odd percent in less than a month. They had a magnificent earnings report. Up next. We'll continue along these lines because we don't think this is over. That's all up next on this to one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living,

specializing in fee-based discretionary money management. No big 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 888-4-2-5-59.

That's 885-9. That's 888-4-22-55-59. Investment advisory services offered through call-bomb Capital Matter. 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 egg 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 IHeart Radio. Listen now wherever you get your podcasts.

With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more. Pick a bundle with your go-toes and start earning cash back at those brands. Do more stash, get more cash. Venmo stash bundle terms and exclusions apply. See terms at Venmo.combe.com slash stash terms. Max $100 cash back per month.

Shake it up with vital proteins, collagen, and protein shake. It's a high-quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakeenae, it's a clean, delicious way to fuel your day. So you don't just age gracefully.

You age powerfully. Vital Proteins. Stay vital. Learn more at VitalProtines.com. 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, what's the best? the next part of the equation if the leading stocks in the market are going what does that mean for the market well we do know this 200 sectors we do know that so not everything goes but we can tell you that a lot is going the software types the semiconductor types that involved with all this and away we go and we're not telling you, when we do this, we're not telling you to buy, sell, short, or cover. We let you decide.

We tell you what we think. It's up to you to check things out. We tell you what books to read, how to go about it. That's all up to you on how much you really care about your dollars that you have saved, not just earned. So we're just letting you know, things are going. But not just that. So Facebook's pure luck. We don't know something's going to be up big on earnings. For all we know, it's going to be down big on earnings. But we were up big, had plenty of cushion and boom, up 80 bucks today. But what else?

Amazon gaps up today. Volume. Heavy. Moving out of a range. What does that mean? Well, notwithstanding the market croaking, a photo album for familiar faces says another AI play Adobe in the right on the edge of breaking out of a good eight to 10 week range. What else?

Broadcom pops out, pulls back, coming on again. Notice the what else and the what else and the what else and the what else and the what else. And then it brings along other things to the point where the market, and let me be clear about today's market, advanced declines on the New York, we're 14 up, 26 down. Let me give you the total. 1417 stocks up, 2644 down. On the NASDAQ, 1491 up, 2589 down. Those numbers stink. But the Dow up 134, S&P up 52. the NASDAQ 267 NASDAQ 1098 on the back of big capness while the small caps were down today. And what have we been telling you about big cap versus small cap? Duh. Now we keep hearing from people by small caps. They've underperformed for so long.

They got it. They got or they got. No, they don't. Why predict? Why not wait till they confirm? Like on November 4. First, we confirmed to you we thought a low was being put in the market. Let the market decide.

Let the market dictate. Let the market tell you. As we always tell you, all the information we get is from the market itself. Not from we're raising our target from 200 to 275. We're going from a hold to a buy, a buy to a strong, buy a neutral to a buy. Don't need it. and when we tell you, go by every book by William O'Neill and study him. Gil Morales and study them.

My book, it looks like it's getting back into print. There's demand for it. It's more workbookish. We'll let you know when. Nicholas Darvis and study it. Marty Schwartz's book. It's called Pit Bull. Read it.

These are some of the great identifiers of my markets and conditions and the roadmap. You know where I got the line? Just looking at a photo album for Familiar Faces? It's not mine. Marty Schwartz. Leading stocks in leading groups until they croak. That's all. And we're in this little outlier moment here. I don't know how long it lasts or how far it goes, but it's getting a little bit enfuego. And that's fine by me. I've been asked already. Is it feeling like 99? If only, do you know in 99, if memory serves me right,

we made five-fold on Oracle in like nine months, five-fold in PMC, Sierra, and less, EMC was like a triple quickly. The last stocks we sold were Nortel and, what was the other? one, Nortel and I forgot the other one. Maybe it was lucent. That was insane. If we ever get something like that, God bless. Not even close. And there's a rhyme and a reason. We don't know how far it goes or long at last, but these chips and the AI is for real. And the demand for them are for real. Now, maybe it falls off a cliff in six weeks for all we know. Guess what?

The stocks will let us know. Now, the good news is there's other areas that are working. It's not just this. Do you know what had big moves on earnings today? You ready? Clorox. Decker's outdoor footwear. Post. Yes, Post had a good day. Do you know Post broke out to a yearly high today? Post holdings on very good earnings and revenues. Do you know why? They raise prices big time and they're getting them. Sales up 26. Inflation.

How about S-A-I-A? It's a trucker. Up 67 bucks today, 14%. I don't even know how to pronounce it. Sayya, S-A-A-A. So a trucker, cereal, Cigna, managed care,

Decker's, boots, Amazon. You know what the hell they do. These are earnings reactions. Yesterday was Ferrari, striker, medical instruments, travelers, insurance. So yeah, different areas. So stay with us. Stay tuned.

We think there's more to go. How much we don't know. How far we don't know. What's next we don't know? I can tell you there's another thousand earnings reports next week. What continues to lag? Gold miners. China.

Oils. Where have you heard that from? Us? And of course, anything that gaps down on earnings. Not good. So we just wanted to start with full-throated markets here. And I got newsfea. The 10-year yield popped up today on a very strong jobs number of 4.033, up 1.7.

That's big. That's not the norm. The norm has been. interest rates up, markets down. But for a day, it was looking at strong jobs in the economy. We'll take it. Up next. What else?

I'm Gary. This is the one only investors' edge. 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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite

brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment and more. Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusions apply. See terms at Venmo.combe. Max $100 cash back per month. Shake it up with vital proteins, collagen and protein shake. It's a high quality ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints. With zero grams of added sugar, no artificial sweeteners, and absolutely no carrakeena,

it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Vital Proteins, stay vital. Learn more at VitalProtines.com. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltbaum.

It comes highly recommended. You're going to feel better if you talk to him. And just so you know, these names we're talking about, all have strong earnings, strong revenue growth. And next we talk about Apple. Apple was down six, seven bucks on earnings. finished only down a dollar. When it was down five bucks today,

I sent to my peeps just letting you know. Apple has a reputation on gaps to the downside of reversing. And it did. And the other part of the equation is, back in March of 23, it held longer-term support. I'm not going to get into the whole in September. held longer term support. In October held that longer term support. Early January held that

longer term support. Mid-January held that long-term support. And it did it today on a reversal. So what we do know about Apple is that the soldiers wake up out of their sleep at this very important long-term support and whether or not it gets going, I don't know. I have my fundamental issues with Apple in that revenue growth last four quarters minus three minus one minus one plus two now earnings are a little bit better in the last couple of quarters the other part I'm worried about it's trading at 30 times earnings went throughout the last decade or so it's trades at 15 times earnings I'm also worried about I didn't get this new iPhone I didn't get the last iPhone before that do you know why I don't need one

And I'm just beginning to believe that the new iPhones really don't have much to them. And thus the iPhone business is on the little bit of a slowdown, if not down. They're going to have to come out with an iPhone that if you're bald man and you rub it on your head, your hair comes back. They're going to need to have something else that's killer. They just had to get rid of their health thing, the health monitor or something, because they lost some suit. I don't think that's the biggest the deal. Never helps. But they're going to need to find something in their phone.

What's something next where, oh, crap, Gary Kay's got to get it. I haven't seen it. And just so you know, I was one that would always get the next iPhone. Not anymore. Of course, if they rig the iPhone I have, like we've heard in the past, and by the way, they settled the lawsuit on letting their batteries worsen. I don't know if you know that. Which a lot more people should be pissed off at.

So that's a little bit on the Apple. And it's just trading where it was eight months ago. The high was 200. It's trading at 186. see what comes of it. I will promise you this. If we think it's going to turn into what NVIDIA did again, we'll yell and scream. And I think recently we said if they gaped this sucker above 200, we'd be buying it. Yeah, we did tell you that. So that be Apple. We've also had some issues this week with regional banks. I'm not so sure it's going to be a big deal except I think there's

a bunch of them that are quasi-bond funds because of Mr. Bubble forced them to go long-term on their bonds and they're getting crushed. Now, if they let them go to maturity, they get all their money out, but they're so far away, they got big losses right now, and that's something to be watched. And I can tell you a couple of regional banks imploded this week. They also thought is, what the heck's going on with this commercial real estate stuff? That can be an issue coming forward also. Now, I go backwards to, man, really good. good, really good jobs report. Presidents taking all the credit. You know what I think. He gets Zip. The credit goes to the 150 million of us that wake up every day to do better for ourselves

and family, all the great companies, small, medium large, working hard to do better, grow their business more. But what have they been able to do that juice things? 2.7 trillion deficit. sit the last 12 months. 6.8 trillion in federal spending. 6.8 trillion in federal spending. 2019, it was only 4.4 trillion. They have raised the bar of government by 50 some odd percent. That'll go into GDP, into numbers, and get into the system.

But to me, that's the buy now, pay later crap. So we'll see what the outcome is. Sorry, I don't give Biden squat. not with 2.7 trillion of debt. But, as we have stated, as long as the job market stays in shape, no chance of big recessions, big downtrends. If we lose the job market, the big worry is so much debt out there. And there's so much debt that Joe Biden is going to be able to forgive with our taxpayer dollars. So good day today.

By the way, if you ever get an email, a little segue. that I just got from some BS artists, receive confirmation. The other confirmation procedure ensures that the things you have chosen will... Dude, don't get caught up in scams. Wouldn't it be great if we could find some of these people that scam through the emails and stuff? And just put them up against a wall

and hit him with the big supersoaker? No, the super soaker that really hurts. Wouldn't that be great? Anyway, I'm getting so much spam, so many spam calls. Yeah, whatever. Whatever. Wish I had something bad to say with the market. All I can tell you, growth, tech, semis, not all.

There's a bunch of semis that are broken down, but the AI semis, other areas, quite in shape. And enough stocks in shape. While the advanced declines stunk today. And the small caps were down today. And as you know, we have told you, you don't need the small caps yet. They will have one day. They will have their day in the sun. I'm 100% sure.

We'll let the market decide and we'll be yelling and screaming at you about it. Because when small caps do move, they move. Just don't think they're there yet. All right, let's start with the news. Volvo! They were an early electric car adopter. They cut off funding for their electric vehicle affiliate. What else is new?

We warned you. We've been warned you for a while. The electric vehicle situation was forced upon you by government using other people's tax dollars, giving you $7,500. Hand it over to the rich, by the way, who buy the expensive electric vehicles. But what has been found out is you can't force the customers, the Americans into something they don't want and demand has never been what they said it was going to be.

Companies like Ford and GM to kiss the royal butts of government make nice, nice, or they're going to be mean to us. Have all shutting down their electric vehicle things to a big extent because they're not selling inventory is high so they're lowering prices, hurt stop renting electric vehicles

because nobody wants them. Oh, we had no idea this would happen. Oh, we told you it would happen. There is a time and a place for electric vehicles. I have friends that have Tesla's, and they love them. But most people I know don't really care. And they're not bad people. They don't hate the environment.

But oil is in everything. And as mui importante is not going away. spite of these maniacs that are blocking highways. No, don't drive your car. Don't get on that airplane. Can't do that. So that's going by the wayside and some of the worst acting stuff. Probably the second or third worst acting sector is the electric vehicles, not just Tesla.

Rivian, Lee Motors out of China. They're getting crushed. Remember what we tell you about here. find the companies that have the strongest demand, those are your great stocks. Find the new restaurant chains that have three-hour waits. Those are your great stocks. If Taylor Swift's bot was a stock, she'd be skyrocketing. Up next, we'll take you to the weekend.

I'm Gary. This is the one only investor's edge. 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 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. With the Venmo debit card, a taco in one hand, and ordering a ride in the other, means you're stacking your rewards. Nice. Get up to 5% cash back with Venmo Stash on your favorite brands when you pay with your Venmo debit card. From takeout to ride shares, entertainment, and more.

Pick a bundle with your go-tos and start earning cash back at those brands. Do more stash, get more cash. Venmo Stash bundle terms and exclusion supply. See terms at Venmo.com. me slash stash terms, max $100 cash back per month. Shake it up with vital proteins, collagen, and protein shake. It's a high-quality, ready-to-drink shake with 30 grams of protein and 10 grams of collagen to support healthy hair, skin, nails, bones, and joints.

With zero grams of added sugar, no artificial sweeteners, and absolutely no carraguinen, it's a clean, delicious way to fuel your day. So you don't just age gracefully, you age powerfully. Proteins. Stay vital. Learn more at VitalProtene's.com. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In Investors Edge with Gary Culpa. And welcome once again to Investors Edge. Let's segue, because of our never-ending try to let you know what's happening out there with no bias in general ulterior motive because we can't stand any of them. San Francisco. You know what they've been saying?

The drug crisis is just part of the city. You know, but I don't know if you know this because I get info. People are shooting up in front of homes and businesses. People are dozing off on sidewalks all high. Some of them shaking like a leaf. Sometimes they're dead. In case you don't know, It wasn't like this six, seven, eight years ago. It all started about 2018, 2019. What did they do? What happened? What they tried to do, which clear insanity.

By the way, the city run is the district is run by Nancy Pelosi. As I say to you, the media never asked her about her city because they know how pissed off she would be. And they would never get an interview again. In fact, Nancy Pelosi will tell everybody else don't do interviews with that person because they were mean to me. But what happened in San Fran is happening in other cities, Portland and the like. They basically destigmatized drug use. Come on, go ahead.

Go ahead. All you want. And it just got worse and worse and worse and worse and worse and worse and worse. and now they're trying to do the shift finally. Oh, we were wrong. We're still waiting to see what happens with the crime wave in these cities. You know, the big news, some migrants beat the hell out of some cops. Now, maybe it's just me, but throughout my whole life, when somebody attacked a cop,

they're going to jail. They're indicted. It's a heftier crime for them. beaten the hell out of a cop, a police officer. They got out with no bail, and one of them was shooting the middle finger at the camera, and now nobody can find these people. So they committed hate his crimes.

What happened if the cop landed on his head and died? And you know what the Hockel says? We'll look into it. You know what I say to her? Go screw. You'll look into it. What does a matter with you people? The Dufus DA was asked about it today.

Wouldn't answer, even though he works for the people. So it continues. It continues. And I'm just letting you know, you don't have a country without a border. And if you treat the criminals better than citizens who just live their life, we're screwed the blame is run amok i woke up this morning NBC was on amazingly they're blaming republicans for the border crisis you know there's a bill out there that republicans are barking at that was all they were talking about not the border under joe biden and how gargantuan increase

to the point where even democratic may are P-Oed at Biden. NBC was blaming the Republican, so we're just letting you know, and just so you know, we're not Republicans here, we're independent, we left them a long time ago because they turned into nonsense. But we're just letting you know for the next nine to ten months. Everything wrong is the Republicans' fault. Everything right is Joe Biden's credit and the other side.

I'm just letting you know. I see it already. They're driving to the hoop. Just remember, and this is how we look at things. Watch the debt and deficits. Watch the crime. Oh, that's right. Watch the markets.

My father always says, who's ever running the show gets the credit. It is under Biden. I will handle that. We'll give them that. though no president is really in control of the markets, good or bad. But okay, under his watch. By the way, we're being told some of these criminals that attack the police are trying to head to Florida.

Why would they do that? Interesting. In the news, and again, Marxist Joe Biden, Marxist control freak, is demanding supermarkets cut this soaring grocery. prices. Really? So the price of the goods have gone up marketly. The only choice supermarkets have that, by the way, I don't know if you know this, guess what industry has the lowest margins out there? Oh, that's right. It's the food industry. Anyway, Joe Byn is telling supermarkets they're gouging even though they are not. The price is, of everything have gone up in a very big way.

And they have no choice. Now, do they take some advantage? I would suggest a little bit. But on the whole, what we had is it was a big dose of inflation that does not come down, just the rate of inflation does. And we got shrinkflation up the wazoo. I told you about go look at the potato chips and compare them to where they were three years ago, the bags. Same goes from everything else

So of course what they're doing is angling Blame And we'll let you know it's the inflation stupid But of course The next 10-11 months are going to be Oh but by the way Our good buddy Trump is saying the reason why the market's going up Is because of Trump

We'll let that one sit We'll just let that one sit we'll just let that one sit maybe have a chuckle the game's on hey Monday I'll be on with Charles Payne 2 p.m. Fox Business Network

don't miss it and until the same time Monday have a great weekend drive carefully I'm doing my taxes tomorrow yay and when you get home do like we do it's quite simple make sure you hug your family

make sure you hug your children they will feel better you'll feel better I promise stay well be well workout alcohol's overrated drive slow good night all bye bye this has been

Investors Edge with Gary Cult Bomb on Biz Talk to listen to past episodes or to get in contact with Gary go to GaryKK com that's GaryKK

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