Investor's Edge with Gary Kaltbaum - the fed behind again [01.31.2024]

Episode Date: January 31, 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 here, ladies and gentlemen. Happy that you are listening. It is January 31st.

We're already through January, 2004. Hope you're having a good day. Don't look at your 401ks. Okay. Ladies and gentlemen, forget the introductions for today. This is Investors' Edge, though. Serious talk on you and everything that affects you, especially coming from them. So those that have listened to this show from many a moon or moons, no, there are certain things that we are completely against.

We are completely against debt and deficits from the people in D.C. We're against their insider trading that we would go to jail for. We're against their corruption. One of the squad paid, who wants to defund the police spent hundreds of thousands of dollars of campaigning funds to her husband for security

even though he was never in the security business. Boy, they're pretty good at that. Marxists are great. They're Marxists and socialists with your money, but with their money, they're quite the corrupt capitalists, if that's a phrase. There's a certain group of people,

nothing personal. We've never met any of them. Not a one. We're sure they're very nice people. We're sure they're good husbands and wives. Mothers or grandmothers, grandfathers or fathers, brothers and sisters. But in particular, J-Powl. We have nothing against them personally.

We don't know. We've never met him. He doesn't know. what he's doing. He has been given credit where it should not be given. He has been credited with engineering this and engineering that of the economy. Imagine one man pressing a button to print money or not getting the credit of the 150 million of us who get up early in the morning, working our arses off to do well for ourselves and families, or the great magnificent technological companies, great productivity gains, or the medical breakthroughs. And the list goes

on and on. I don't know how we've got to the point where he gets the credit. We have since Christmas Eve of 2018, rip the stuffings out of this man. respectfully, business, not personal. Unfortunately, we think they're at it again. And today is only one day. It was a rough day in the market. But there has been nobody who has watched and followed this man like we have. There is nobody who's called it like we have. We had a whole show planned. You know how I get a bunch of stories on what's going on around in this country, as well as the markets and fun stuff like that? We have so many things like a gang of four migrants, beat two police officers up in New York City, and they would let go without any bail.

So they came here illegally, beat the crap out of a couple of officers, and then are let go without any bail. This is the United States of America. We were going to do a little thing on that. Or we were going to do a thing on Elon Musk. A judge knocks down his pay package as being too much. Who the hell is a judge to knock down a public company's pay package? Seriously, what the hell is going on out there? We were going to do that.

We already mentioned the squad. Her name's Cory Bush. She's blaming racism as usual. Of course, it's all racism, right? Or how about former Boeing staff telling us, oh, we wouldn't fly on the 737 max planes? We don't trust them. Oh, great, thanks. We were going to talk about also, you get my point. We're trying to cover it quickly.

The Massachusetts Democratic governor is closing a very important sports complex for a majority black Boston suburb so it can house migrants. Or the UN's Palestinian teachers expose Hamas loving jihadists. I was going to do that. Or a Chinese man who came to this country years ago is fleeing San Francisco and going home to China. Because violent attacks three times beat the crap out of him. Had enough. We were going to talk about that.

And of course, what does this have to do with you and your money? Everything. This is becoming mainstream And then also in San Francisco You know what they created there, right? Right? In San Francisco?

Drugs! Yeah, do drugs. We're good. Do drugs. Oregon They're declaring a drug emergency in Portland. Do you know what they did? Do drugs?

Go ahead, we're good. It's okay. I was going to do. some of that. Or I was going to do finally in Oakland again every day. Blue Shield, a health insurance provider and Klorox are hiring security escorts for their employees and workers. Or how about an aid to Donald Trump in Washington, D.C., shot by a carjacker? We've been telling you about carjackers here, haven't we? But no, we're going to have to do a little bit about J. Powell today. And we're going to have to give you history because we'll

Start by saying he's 100% wrong again. And this could have consequences. Could. Never know. So let's start. The market was swooning into the end of 2018. Christmas Eve, one of Jay Powell's Fedheads. Bullard went out and stated.

And at that time, the Fed had said we got a few more rate hikes. came out and said, well, we can stop the raid hikes. The market soared. J. Powell was addressing the market because the economy was fine. They're supposed to address the economy, not markets. So, markets rallied. And then they started coming down. We're in 2019.

So then he sends bullet out again to say they were the lower rates. And they did. And once they lower rates, the market that was rallying on it sold off. sell the news. Jay Powell wasn't happy. Lowered rates a second time. Market rallied. And then it stopped. Came down again. Lowered third time. And then October of 19, market wasn't cooperating again. Amazingly, he announced his printing of money. Quantitative easing. But he said, don't call it quantitative easing, even though it was. He lied. He said it kind of casually in some interview. In other words, the economy was fine, employment was fine, he was printing money.

Who started that Ben Bernanke back in 0809 when we had financial dislocation caused by him and his minions and the fraud committed by Wall Street? So we rallied again. In fact, the day J. Powell said that the printing of money, not in those words. We came on the radio show and you know what we said to you, buy the crap out of the market. and the market rallied until COVID. And then COVID hit. And the market had that crash. And Jay Powell supposedly came to the rescue.

Took rates immediately down to zero. Remember that. And then started printing insane, unimaginable amounts of money. And just so you know, this is not circulated money. This is money out of thin air. So he printed, and what did he create? Well, first off, he screwed Aunt Mary and Uncle Bob, and their savings.

Instead of getting a money market return, they got zero on their money. Remember that. They got zero. Because of one man's decision, one man's whims, took over the whole bond market and printed up to $9 trillion. Two nine trillion bucks. Did not do $9 trillion. It was already, you know, but he was trillions. Market sort. Why markets love that. Love that. Up next, we'll walk you through and specifically tell you why we're going to keep a heads up now. I'm Gary. This is 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 888-4-22-55-9. That's 8-8-8-8-4-2-5-9. That's 888-4-2-2-5-9. Investment Advisory Services offered through call-bomb capital management.

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 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.

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With Gary Coltbaum. It doesn't get better than this. So, screw Aunt Mary and Uncle Bob. Create a great market, but then all the bubbles. NFTs. Who warned you about? the NFTs? Oh, that's right, we did. Who worried about, who warned you about the crypto? Oh, we did. Who worried about, who warned you about the game stops and all the other crap that came out?

We did. Who warned you about the SPACs? We did. Why? Bubbles created by ridiculous amounts of easy money. All bubbles break. All bubbles pop. And I know you're thinking real quickly, oh, wait a minute, Bitcoin's coming back some. Oh, yeah, so they try to come out with 30, thousand plus coins, they're all zero. So we created the bubbles. And then they created the other problem, which we ended up with this last February. All these companies could not make money with their cash. You couldn't buy a one-year bond and make any money. You couldn't buy a two-year bond and make any money. You couldn't buy a five-year bond to make any money. You couldn't buy a 10-year bond. A 10-year bond was yielding 5 tenths of a percent. Because of all this, Austria, floated a 100-year bond.

at 0.8%. 8.10s for a percent. 100 years. I think it's not about 50, 60 percent principle. You've got to live to 100 years to get your money out. So he distorted the whole freaking bond market, which ultimately

screwed up the whole housing market. Affordability? Yeah, sure, right. Anybody's selling? Yeah, sure, right. Who wants to sell a house that is a 3% mortgage that was artificially created by one man was whims and go into a 6, 7% mortgage. It was already up to 8%.

Another distortion. He created that. Let's backtrack a little. Inflation. Yeah, I know. It's the Putin price hike. Yeah, I know. It's the spending. Yeah, I know. No, it was Jay Powell. Jay Powell lit the

fuse on the inflation. Sure, the federal spending does that too. But the inflation came because printing to $9 trillion. We told you this in real time, inflation was coming. And we told you the reason why inflation was coming.

Right in front. We were right. And what did Jay Powell do when the inflation came? He didn't see it. Why? As I've said to you, he doesn't know what he's doing. They don't have a clue. Which takes me to, we'll wait for the data to come in, the data to come in. Is it data or data? Bernanke used to predict things.

He would be wrong 100 out of 100 times, so the Fed decided no more predicting. We've got to be careful about that because we're duffus. So it's now, we're going to wait to the data comes in. Wait to the data comes in. How does Gary Kaltbaum know in my little cushy lair here know about things before Jay Powell does? He's got like 10,000 analysts going out and speaking to everybody. Let me tell you why.

Because we believe in free markets. We follow the free markets. We understand free markets. We don't have a chauffeur driving us to work. We don't have a butler buying our food. We do the shopping. So the inflation started coming on. And we're on here telling you, look out.

And what did they do? They did nothing. And then the inflation picked up. And what did they do? It was transitory. Don't worry, it's going to go away. Well, the thing, hold butt to the upside, and you know what's been going on. In front of me, I have a bag of Laze potato chips, cheddar and sour cream flavored.

It's seven and three quarters ounces. It used to be a lot bigger and at the same price. Just an example. By the way, I don't need chips. I just wanted to bring one home, so I can tell you. So they missed the whole inflation. But what else did they not do? Well, since he couldn't print money anymore, the free market took over.

You got that? Are you listening? Not Jay Powell. The free market took over. So in 21, the 10-year yield went from 8 to 1.7 to 1-1-1. and then went boom up to 4.3 into September 22. The free market, not Jay Powell.

These are real people betting on where interest rates should be. The free market. And what did Jay Powell do while rates were going up? He did nothing. He stayed at zero and he stayed at zero and finally he raised a quarter point.

But rates kept going up. he was what is known behind the curve. The markets are yelling at screaming at him. Raise rates, play catch up, fight the inflation you created, he took his time. And it got so out of hand, I can guarantee you the Biden administration was on the phone with them. Hey, yo. Janet Yellen was on the phone with him. Hey, yo.

Get your button gear or you're out. So they started finally playing catch-up. They started raising rates. They didn't print anymore and they stopped the printing and it actually came down. So they let the bonds go off. By the way, they lost over a trillion bucks on their bond buying, but it's for fake trillion dollars. Only at the central bank could you lose a trillion bucks,

but it's all fake funny money. So they play catch-up. And they keep raising. and they keep raising and the 10-year yield goes to 5% in December and what do they do?

They keep raising and they go all the way up to 5.5% on their Fed funds. Now guess what? When you get your mortgage, it has nothing to do with Fed funds. It is everything to do

with the 10-year yield. Well, What is the 10-year yield done now? It has gone from 5 to 3.967. And where is Jay Powell at 5.5? Way above the market. He was way below the market. And now he's way above the market.

Huh. I will not watch him in a presser because I don't want to throw up. but I read that he stated that on a question from my peeps at Fox business about March and I think I'm being told no way they're going to lower rates in March interesting

so the real market they refuse to pay attention to the free market the buying and selling of investors, traders, speculators and smart money because they They think they're smarter and they're staying up at 5% while the yields now are coming down. Is the market going to be happy with that?

Well, the market was terribly unhappy when they were behind the curve one way and now they're behind the curve the other way. Just some food for thought. Now, what is so important about them being behind the curve? that will explain next, then we'll hit the markets because it was icky today. I'm Gary. This is the one only investor's edge. 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach egg 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 exclusions apply.

See terms at Venmo.combe 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 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 Vital Proteins.com. 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 Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. So, it's lesson time from Gary. Federal funds, the federal funds rate, these are, I'm just reading. Overnight borrowings between banks and other entities to maintain their bank reserves at the Federal Reserve. Banks keep reserves at Federal Reserve banks to meet their reserve requirements and to clear financial transactions.

You can read further on federal funds. but by the way they include commercial banks savings and loans you know all kinds of other stuff the Fed conducts their policy by targeting a value of these Fed funds it is well noted I want you to listen carefully to the next line it is well noted that if the Fed is way above the real market regardless what everybody thinks a they're not listening to the market again and B, listen carefully. It's not usually good news because they're remaining tight to the banks while the market's trying to free up. I said on TV and I've said to you, if I was running the Fed right now, well, number one, we've never been in this situation,

plus I would have never let Biden get away with $2.7 trillion in debt. How would I do that? I would shame him. Markets get pissed off. Unfortunately, he's the most important money man in the world that really doesn't have a clue what the hell's going on. The free market is saying something, and he's not listening. Now, we don't pretend to know every little dot, dot, dot, dash, dash, dash. But we know how to read markets.

And yes, markets have been stretched and extended. We've told you in the last few days, too much bullishness. And what did we say yesterday? Yesterday. J.P. Morgan came out and said, was it J.P. Morgan or Morgan Stanley? But don't quote me yet, I'm going to have to look. They upgraded stocks for the next six.

Now they're upgrading stocks. I'm Googling it now. Make sure it was JP Morgan. I'll find it. Yes. No. I'll find it. So today, the Fed did their thing.

The NASDAQ was in rough shape all day to day because of Google. Microsoft had a rough day also. First cough, two very important companies. and the rest followed. The Dow was up until about 2.30, and I'll give you the final numbers. Dow was down 317 today. Now, let me be clear. The Dow was only down, 8 tenths of a percent.

The NASDAQ was down 2. S&P was down almost 2. NASDAQ 100 was down 2. Advanced declines were terrible. And they kicked tech in the teeth a little bit. As you know, that's where I parked my carcass. Fortunately, I sold up some stuff came off at highs, near highs. And before today, I did not think at this time, in real time, really any adjusting to do.

Let's just say, and I want to be careful with my words, today could be a moment. not 100% sure today can be a moment because they kicked the market in the teeth S&P was down 80 NASDAQ 345 NASDAQ 10339 transports 260 and

there was some good earnings reactions but mostly yuck and I have yet to do my scans but but I see think I know what I'm going to find. And we better not get another day like this in the next few

days. What could that turn to? Oh, I don't know. But we'll be here every day and we'll keep you up to date in our site and we'll see what happens. There's a lot more earnings to come out. There were some very good reactions today, very good reactions, but a lot of weakness. We'll have a lot more after I do my scans, but a lot of red. And I have a sneaking suspicion, a lot of little tops in place. And I don't know what anybody else is saying. The Fed is behind the curve again. And let's hope the market does not recognize it. They have been behind the curve for a bit. I believe the market was looking for a different signal today. And if interest rates keep going down. The real market, the longer they sit, could be the more worrisome.

We'll see. There's this thought that whatever happens on Fed Day, the opposite happens tomorrow. We'll see what happens tomorrow. We hope we get the opposite tomorrow. So I hope that explains it. Nothing personal, he has no clue what he's doing. And he gets credit for nothing. if anybody really takes a step back and asks what exactly does he do for anybody tell me what does he do nothing he didn't save the economy on COVID we opened back up if we didn't open back up nothing he can do he didn't fix things he caused things one man in his whims and I always ask the question, how the hell do we get here? Too much power in too few hands. One man was able to print $9 to $9 trillion, and nobody's worried? You catch in my drift? I wish I had that power,

and he still has his job. And he gets applause. He's been getting applause for getting inflation down. inflation's not down again look at the potato chips the rate of inflation is down go check out rent go check out your cost for any type of insurance anything except weed

because everybody's selling it I would know I don't smoke it I just follow the markets anyway we had this other show but the market took us somewhere else and we'll see what tomorrow brings. I believe Apple, Amazon, Facebook tomorrow.

Very rough day today for technology. Pretty much not many stones unturned. Could have been worse. Could have been. Well, no. I don't know if it could have. Yeah, I'll take that back. I'll take that back.

Now, what else did I want to talk about? today. And I think it's kind of important. These social media companies are on the hill. And boy, were they getting ripped the shreds today. And they had families of kids that committed suicide because of cyberbullying as well as threats and pedophiles all over, the Snapchat and stuff. I'm going to talk about that because I don't want to depress you anymore with the market. I'm Gary. This is the one only investors edge. 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 stomachache 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 put it. 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 exclusions apply. See terms at Venmo.combe 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 carrakegonin, 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. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! Investors Hedge. With Gary Kulp, So, they had Zuckerberg up there from Facebook. I just still called Facebook.

They had the dude from TikTok. I'm not sure who else. I heard maybe the Snapchat guy. What was in Evans Spiegel, Siegel? I used to have a Facebook, and I got hacked, and they shut it down. And then all of a sudden I'm back up, but I'm on and I just look at what some friends do. I don't post anything. I'm on Instagram. I post nothing.

I just follow a few people that do great workout. Some people that help me out with my back issue, which is 100% now. As well as I follow the rock. You got to follow the rock. So I don't do much there. But I read a lot and I hear stories. There's so much crap going on there. I've had death threats against me.

I was kicked off, oh, Twitter. I was kicked off Twitter one time because I said Bernie Sanders' economic policy is communist. I was kicked off for one day. This is a while ago. The next day, the Mullahs are threatening to destroy Israel on Twitter, and they're not shut down. So it's insane. There is no way, shape, or form would I ever believe a Mark Zuckerberg wants pedophiles on his

Facebook targeting kids there's no way if he did he'd be the biggest can't say the word on on radio but and I've said this many times

before they've created and God bless them a monster that has no bounds this unbelievable, God bless them, open platforms, a sea that never ends, that goes everywhere around the globe. The freest of free markets,

until you're caught, being a pedophile, of course. The problem is they can tell you, and Zuckerberg said today, oh, they've sent in millions of investigations. The problem is they can tell you they're doing everything under the sun. The problem is you can't stop. Creeps.

Crooks. Sleeves, scum. The dirtiest of dirt. And for anybody to think, you can. Completely. You're naive. You can put your best foot forward,

but these are open. How do you stop somebody doing a live feed while he's killing somebody. There's been plenty of that. Eventually taken down once it's caught, but it's already there. And people can capture it so it's always out there. So when you're hearing all this about what they're doing,

just remember, I'm sure they're doing everything because I got news for you. They were taken to the woodshed today. And I'm sure they'd love to be able to stop and block all the bad. Imposeble. Just letting you know. My best advice

for all you parents out there, give your sons and daughters a class on this. Show them the bad. Make sure they understand the bad. Make sure they understand the bad. they know how to avoid the bad. Don't let them just have a Facebook or a Snapchat or whatever the hell else is out there.

Because these can be the greatest places to meet and market, and they can be the worst places. How many times have you been read recently about a woman that met somebody on the web and they met up? and it turned out to be this lifer of, you know what I don't want to go there, you know what I mean. I applaud these people for creating these things. Stop telling me you can control these things. Just letting you know, a little lesson for you. I don't know if I did that other lesson for you about, I, on Instagram by accident, I clicked on something where it shows car accidents.

with from dash cams. So when you watch one, they send 100 others to you. Every one of the accidents I saw could have been stopped, and every one of the accidents because some ass clown was speeding, running through lanes. They died for one stupid reason.

Oh, I got to get to the 7-Eleven a minute later than I would have. It's utter amazing. When I was driving in the last few days, some guy was coming past me 100 miles an hour. maybe more to the exit you ever see a guy come past you right into traffic going a hundred miles an hour

and then stop short I had a lady coming up my rear end the other day I mean fast as all heck all I did was put up my hand you should have seen her stink face at me with the head she had the biggest middle finger I've ever seen coming at me and ever bombing me because all I did was try to help her

by putting her hand up as she was coming to ram me in the back. Just another lesson for you. Stay away from cars. Look what we do here. We've been teaching you how to drive. Did the same thing with my kids. Stay away from cars.

No reason to go fast. And stupid. And you know what I do? I watch these videos now. They're dash cam videos. I may get a dash cam from my own car. Anyway, wish I had better news. You can go believe what you

want to believe about the Fed in the market, we know better. We'll see what tomorrow brings. Hopefully a better day. You have a great evening drive carefully. I'll be on with Varnie tomorrow. Fox Business Network 10 a.m. Don't miss it. Have a great evening, 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. Until tomorrow. Peace out. Bye bye. Bye. 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.

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