Investor's Edge with Gary Kaltbaum - The flu [03.05.2025]

Episode Date: March 5, 2025

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Starting point is 00:00:00 At Arizona State University, we're bringing world-class education from our globally acclaimed faculty to you. Earn your degree from the nation's most innovative university online. That's a degree better. Learn more at ASUonline.asu.org.org. Investor's Edge with Gary Cultbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. Thanks for being with us today. Glad you here, ladies and gentlemen. Happy that you are listening.
Starting point is 00:00:34 It is March 5th. I believe it's Wednesday. It's 2025. And before we even get going, you know how I say to you? It's the cold and flu edition? Well, I've never had the flu. Ever. I've never had a flu shot.
Starting point is 00:00:53 I did get COVID. But COVID, when I got it, it was nothing. It was absolutely nothing when I got COVID. I woke up this morning and I sit up and I thought a train had hit me. I thought my good buddy John Bradshaw-Layfield, the ex-WWE champion,
Starting point is 00:01:26 hit me with one of his patent-in-clothes lines from hell. I didn't know what the hell was going on. went to the doctor I got the flu I've never had the shot and all I'm thinking to myself today well I'm going to do radio because we do radio from my office
Starting point is 00:01:46 in my house and what did I want to tell you get the freaking flu shot that's all I can tell you I mean I must I am sitting here right now in an absolute days that's the best way I can explain it
Starting point is 00:02:03 I'm in a daze Doctor gave me this Tamiflu You take it every 12 hours And I have Major respect For anybody with the flu now And before today
Starting point is 00:02:20 I don't think I would have such respect If somebody said I have the flu Wow But we're here We're doing the show Get the flu shot Don't be a doofus like me Now in case you don't
Starting point is 00:02:38 know this is serious talk on everything that affects you and hopefully I can finish the show. We talk markets, the economy, your job, your industry. Taxes, deficits, spending, scams, shams, corruption, Doge, last night's Trump speech. We're going to cover that and a few other things. And we're going to have the Doge moment because we have been able to say to you on this show, told you so. we said for a very long time that they were going to funnel all kinds of money to friends and donors into non-government organizations and companies that don't pay taxes and we're finding the numbers just obscene. But I have also mentioned a name to you on a hundred occasions. a man by the name of John Podesta.
Starting point is 00:03:36 Don't know him, never met him. I'm sure he's a nice guy. I'm sure he's a good husband, good father, whatever he is. But he's another hack. And he gave you the middle finger, the taxpayer. We warned you about him. Wait to you hear the Doge moment in a few minutes. But first, if you do not get this radio show in your city,
Starting point is 00:04:01 we'll post that GaryK.com. We'll also post it on a Twitter theme. And if you don't follow us on Twitter, you should. And if you like to email us, just be nice. We're nice back. We respect you, unless you like Hamas. And if you haven't seen what's going on in Columbia University today, it's these, whoever these people are, they're so lucky I'm not running the joint.
Starting point is 00:04:29 They'd all be arrested for hate crimes and then let them deal with it. It's amazing to watch. But I digress. Last night. So there were certain things I promised myself when I had sons, my kids. There would be a few very important things I would tell them. One of them was never lie because typically when you lie, you're going to have to lie again to cover that lie.
Starting point is 00:05:01 and eventually you'll be found out and if you get the reputation of lying why would anybody believe you? Another thing I taught my sons is a dollar, $5, a little extra for people that are doing things for you will make you look like a millionaire
Starting point is 00:05:26 and will be very appreciated with talking tips and things like that. What are the most important I taught my sons? Make people feel important. Call them by their first names. Compliment. Not, you know, kiss butt, but when somebody does good things, compliment them. Make them feel like you're the most important person on this earth.
Starting point is 00:05:59 That's what I told my sons. And I think they do it a lot. Last night, throw away everything else. Throw away everything else. Donald Trump made a 13-year-old kid that had 13, I think he's 13, 13 brain surgeries, don't know how long he's going to live, and made him part of police, and then Secret Service. And the kid lit up like you wouldn't believe. I love that.
Starting point is 00:06:36 he then had a young man that was trying to get into West Point. He's in front of everybody, millions of people around the globe. You have now been approved for West Point. Fantastic. The kid lit up. And then there's the other side of this and the tragic side where he had mothers and sisters of people that were killed. and what of them they're going to make,
Starting point is 00:07:09 they're going to take the girl's name and I guess it's a park or something, the park's going to be in her name. I mean, this, I love that. All I kept thinking about last night was that. That whether it was Trump or as handlers decided, they made some people last night important, especially this young 13 years,
Starting point is 00:07:36 year old. Wow. You can go look and see what happens. Now, I'm not even going to spend any time on the ass clowns on the other side with their little, what were they, little signs that look like they're in an auction, and they didn't even clap for the 13 year old for nothing. I'm not to spend another minute. I don't know what's the matter with these people. They just lost an election and they don't change their stance. I always taught my other thing I taught my sons, hey, if you're not doing something right, you've got to take a step back
Starting point is 00:08:11 and do something different. They're not. Anyway, forget the rest of the talk. I loved that making these people feel like they matter. Awesome. Well done. Whoever made those decisions, I am thrilled.
Starting point is 00:08:39 Next part of the equation is the tariffs. As we have told you, we are a complete disagreement of the tariffs. We have also stated that I do believe the man watches the markets, and I do believe when all is said and done, if the markets continue to swoon, nothing's going to be done. Well, we had a lot of threats again,
Starting point is 00:09:02 and they pulled back again. Another month. another month, exemptions on cars. So I'm done with the boy who cried wolf with the president and tariffs. I'm done. As always, we watch the markets, but I'm done. What do they say about fool me once? Shame on you. Fool me twice. Shame on me. I just think it's getting ridiculous in that he is making economic decisions based on market movements. There's no doubt in my mind. And of course, the people that love would say, no, no, well, I'm pretty good at seeing timing.
Starting point is 00:09:44 The market's been swooning. And just yesterday, oh, tomorrow, 25%. Nothing. And that's good news, though. We don't want tariffs. They do nothing good for no one. it's a tax on you and me and businesses that's the other part
Starting point is 00:10:09 so again I just wanted to start out with the flu get your flu shot dang dang next the president making those people feel like they matter and important
Starting point is 00:10:28 especially that 13 year old kid God bless them I was complaining all day about the flu and this kid has had 13 surgeries on his brain and he smiled. That's a lesson for me because I'm a whiner. Up next, the markets cause and effect. This is the one only Investor's Edge. Hi, I'm Gary Kalbaum hosted a nationally syndicated radio show Investors Edge.
Starting point is 00:11:21 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,
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Starting point is 00:14:25 With Gary Coltbaum. It doesn't get better than this. And what once again to Investor's Edge. The definitive flu edition of the Investors Edge, I wouldn't wish it on my worst enemy. Even though I don't have any enemies. I'm such a nice guy. Well, we don't have enemies. If I can speak also, that'd be nice.
Starting point is 00:15:05 yesterday the market was holding very important support we talked to you about long-term support areas not short-term not intermediate term but the long-term the defining areas that really really doubly matter in the markets and they held yesterday and then at 320 35, 330, the market swooned and fell off a cliff into the close. And I was like, what the hell's going on here? In fact, the NASDAQ, if I can find, it went from 18665, 17956. Yesterday. Stunning.
Starting point is 00:16:05 I take it back. I'm looking at the wrong day. You see what happens when you have the flu? I'll figure it out. There you go. 18589 to 18219. That's better. S&P dropped.
Starting point is 00:16:25 There was all talk on tariffs. There's a couple of important things that happened today in the market that give it potential. Number one. First and foremost, the NASDAQ, the S&P 500, finish back above this all-important 200-day moving average. I don't mention the Dow because I give it less weight. The NASDAQ 100 also. This is a place that held last August and way back before that.
Starting point is 00:17:07 It is the place where if it gets taken out, Woe is me. So we'll call it a very good defense day-to-day. We could sit here and rationalize about the tariffs being stopped. And you can ask, well, what if he went with the tariffs? Would we have broken? Well, that's an interesting point to make. But we deal with the evidence at hand.
Starting point is 00:17:36 and now we'll see if we could get some juice. Back in August we had the Japan sell-off. And that's a little bit different because it was event-driven. There was a day where the NASDAQ, I'm going to do the NASDAQ on this, where the NASDAQ hit a low of 15708 and closed, at 16-2 and finished above. And then it went through a few weeks of backing and filling because of how much damage was done in the market. And then lifted off into December before we got trashed.
Starting point is 00:18:28 We're going to be watching this area quite closely. And of course, we'll be watching what comes out of the White House. because I don't know what's in his mind. I don't know what he's thinking. For all I know, he puts on the tariffs tomorrow. But I think he's been getting a taste of if he did. And I'm not so sure the president and his people like market swooning. And I know they have been getting the business from the business community.
Starting point is 00:19:14 There have been interviews of people. I went to buy a car at $40,000. They're telling me I have to pay $50 if they go through. That's a problem. So we'll keep in touch. On the NASDAQ, let me simply say, the low of today, I take that back. I take back a lot today.
Starting point is 00:19:41 You don't want to see the NASDAQ go below 18385 and stay below. 18385 the NASDAQ 100 you don't want it to go below 20,000 231 and not by coincidence they jam some very weak stocks today in big land Microsoft has been brutal up 12 bucks today and it matters they got that moving for example others not so much Amazon's been weak they popped that up for foreign change today
Starting point is 00:20:28 neither are in uptrends but as we said we're talking about the defense of price dropping at an important juncture for a lot of things and when you look at the
Starting point is 00:20:46 SMP 500 it's 500 stocks when you look at the NASDAQ 100 That's 100 stocks. Now, where the problems are, the Russell 2000, horror show, and it's 2,000 stocks. That's a gonzo. The mid-cap 400, almost as bad. That's 2,400 stocks. And then there's all kinds of sectors that we've been highlighting for you on a daily basis.
Starting point is 00:21:21 To avoid. Why? Definitive downtrends. Definitive bearish phases. Definitive bare markets. And you know us, we don't like bare markets. We don't like downtrends. We do not screw with them. Just letting you know. hopefully we get what we got last August, rally up a little more, sit around, pull back, hang out, let more leadership show up, and good stuff happens. Too early. But that said, China and Europe, strong. Another strong day out of China. Strong. Strong. Europe.
Starting point is 00:22:19 When you have a chance, go look at DB Deutsche Bank. Go look at Siemens. S-I-E-G-Y. We're talking some serious, powerful moves out of Germany. While we hear they're in recession. Go figure. S-A-P, another one, Germany. Up next.
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Starting point is 00:24:46 You're listening to America is talking. Investors Edge. He's got to be pleased with The crowd is just on its feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investor's Edge. The Quite the Flu edition of The Edge.
Starting point is 00:25:24 But I must tell you, I took the Tamiflu at around 1 p.m. my time. I think it's working already. Is that possible? I am feeling better. still like crap, but feeling better. Not feeling better, it's time for the Doge moment. As we told you,
Starting point is 00:25:48 and you know, when we said all these things to you about the theft and the thievery and shoot in the middle finger at the taxpayer and John Podesta and Stacey Abrams and all these hacks, we knew nothing, but we know their M.O.
Starting point is 00:26:07 modus operandi. I think we have mentioned John Podesta about 50 times here, that he was given $375 billion of our tax funds, our tax dollars, the handout for climate. Let me read a highlight. Well, headline, 375 billion EPA slush fund handled by John Podesta gave billions to charities founded only months earlier, they did exactly what I said they would do. There was a frenzy. They ran to Delaware wherever and opened up these charities and got billions. They weren't even shamed. 100 million wasn't enough. A billion was enough. Let's do two, five billion. Let me read.
Starting point is 00:26:57 The Biden administration funders found at least $20 billion into environmental groups, most of which had only recently been founded. In one case, former vice president Kamala Harris handed over a check for nearly $7 billion to Bethesda Maryland-based group Climate United Fund, which does not appear in the IRS Charities database and has no federal filings. The nonprofit fund had only been incorporated in Delaware. Do we know our stuff? On November 30, 20, 2023, 2003. Five months before Harris handed over the cash.
Starting point is 00:27:32 The Climate United Fund then announced the historic investment in a point. press release, noting the group's work delivers benefits like cleaner air and increased energy security. Bull crap. However, because the company is so new, there is no publicly published accounting of how it plans to spend the $7 billion. Projects have been announced including a $10.8 million pre-development loaned solar project on tribal lands in eastern Oregon and Idaho and a 32 million solar energy project at the University of Arkansas, but they represent only a drop in the bucket. The CEO of Charity Watch says, ethically speaking, it's concerning.
Starting point is 00:28:18 Well, I believe she's being very diplomatic. She's really trying to say, they suck. What was the purpose of creating middleman entities when there's so many established group in the climate space with good track records? What was the value added by doing? it this way, especially with the large sums of taxpayer funds. The cash for the charity came from a huge $370 billion slush fund of taxpayer money overseen by Podesta, a political consultant who was chair of Hillary Clinton's failed 2016 bid for president and White House
Starting point is 00:28:49 Chief of Staff to Bill Clinton. We were 1,000% right. And I must tell you that Stacey Abrams went on CNN. She was asked about her participation. in these very suspect charities that were created. The CNN don't let her answer in a way where she said, didn't say I wasn't involved. She just said, oh, we're doing good work, we're doing this, we're doing that, we're doing this and doing that. You know what the CNN don't didn't ask?
Starting point is 00:29:29 The easiest, most simple question, when there is a question about taking billions of our tax dollars and funneling them for nothing. Simple question. Miss Abrams. How much money have you been paid? And who paid you? And for what? But the wimp on CNN
Starting point is 00:29:55 didn't want to ask. You know why? Because it's his side. See, I've seen this guy on CNN when it's the other side. Oh, he gives the person a colonoscopy. When it's his side, blah, blah, blah, blah, blah. So they let her off the hook. There is no doubt my mind, if the Department of Justice goes neck deep into these payoffs,
Starting point is 00:30:23 you're going to find people like her, as well as others, taking millions of dollars of payments through all kinds of back channels and making themselves wealthy, beyond wealthy, based on sleazy, slimy, scummy connections. and stealing our tax dollars. I am really hoping our president puts the hammer down on this crap and claws back every freaking dime of this BS. Ain't doing anything for the climate.
Starting point is 00:30:59 It's to enrich themselves. That's all it is. And they've been found out. And the CNN guy sucks. that's your doge moment and speaking of MSNBC there's this one woman Nicole Wallace
Starting point is 00:31:25 who actually had the grapefruits to say about that 13 year old kid with 13 brain surgeries that he wants to be a police officer and now Secret Service they did a ceremony she said well I hope
Starting point is 00:31:43 he's not going to end up like some of the police on January 6th that committed suicide. These people are sick, twisted goofballs. It is a privilege and an honor to have a TV show, a radio show like I do. And they just abuse the hell out of it with utter moronic stupidity. Imagine saying that. 13-year-old kid his life was just lit up in front of the world to see
Starting point is 00:32:19 well I hope he doesn't commit suicide just to make the president look bad and that Rachel Maddow she called it disgusting what Trump did by highlighting the young man she could swear my life she called it disgusting
Starting point is 00:32:36 go watch go video there's something wrong with these people there really is something wrong with these people and that's the extra part of the well not the doge moment but the
Starting point is 00:33:00 last night moment the Dow up 485 did not get back the drop from yesterday's close the S&P 64 did not get back the drop the NASDAQ 267 did not get back the drop NASDAQ-27 did not get back the drop NASDAQ 100275 did not get back the drop.
Starting point is 00:33:20 The SOX 96 did not get back the drop, but we'll take it. And I will say at one point today, the Dow was up like 620, so pulled back late. But I must tell you, in a few minutes, it was only up 380, and it looked like they were starting to cave again. I've already scanned through my flu. There's just not a lot of buyable stuff in here. meaning it's got to play out a little bit pull back sit relax test things like that
Starting point is 00:33:58 I have no clue what tomorrow brings we'll see I do want to mention one of people's favorite stocks in the aftermarket blowing up Marvell it's one of the AI semiconductor stocks closed at 90
Starting point is 00:34:17 it's 75 in the aftermarket and by the way, it was already down from 127. Remember what we have told you. Pay attention to your stocks. Don't get married. The breaking out of support and or moving averages on volume tells you everything you need to know. And all those stocks that got clunked on that January 27th
Starting point is 00:34:42 have been blasted further. Marvell being one of it. We'll see how that plays out tomorrow. I also want to mention CrowdStrike. Finish down 25 today. It was down at one time today. Am I right in seeing this? 343.
Starting point is 00:35:03 It was down 47 at one time today. But still under pressure and decelerating earnings. And decelerating sales. So maybe a little bit of that going on. It's tough sledding out there, kids. There's very few stocks above important areas. But we hope for better. Up next, this is that and the other thing, or whatever else.
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Starting point is 00:36:42 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 Sprecker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is, Sprinker makes the whole process simple.
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Starting point is 00:37:40 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. Action! And welcome once again to Investor's Edge. I am going to sleep like a hibernated bear tonight.
Starting point is 00:38:18 Man, oh man. You guys ever have the flu, right? You've had it. I woke up, I thought a train event. hit me. I was like, what the hell is going on here? I was actually fine yesterday. I had a little sniffle. That's it. Boom. So they gave me a COVID test and a flu test came back flu. Glad it was just that. And we're doing everything we can. Get your flu shot, kids. What else in the news? well it seems they are getting closer to this Ukraine thing
Starting point is 00:38:58 I completely disagree with the president that Ukraine started the war that's such BS I don't know why he said that those are the things I don't understand but it looks like Zelensky he's coming towards we'll see I don't understand them saying he doesn't want peace of course he wants peace
Starting point is 00:39:20 I don't know what the game is I don't know why they prop up Russia The guy running Russia is a thug He's a murderer The worst of the worst So some things I'm not going to understand But we're going to tell you how we feel Without bias
Starting point is 00:39:38 Without agenda without ulterior motive I was watching Dan Niles today You know Dan Niles is one of the guys I respect big time Managers of Fund Technology Guru he said something today on TV that I had no idea. The U.S. consumer is one-sixth of global GDP? I had no idea.
Starting point is 00:40:12 The U.S. consumer one-sixth of global GDP? That's amazing. He's in a lot of cash, too. Can't blame him. We are also. But we're hopeful. The first thing that had to happen is hold that big 200-day moving average, which maybe has occurred. And now we'll see, as we said earlier, get some juice from here. I did my scans, as I said to you, Europe, China, strong.
Starting point is 00:40:48 Some insurance stock strong. We mentioned that. You had gold, strong. Stronger. Gold miners starting to come on. You did have some good bounces today, but in big downtrends. You had bounces in home builders today. Some commodity names. Though I noticed copper. Put up C-P-E-R.
Starting point is 00:41:18 That thing looks like it wants to break out to the upside. That's copper index. There's another one, C-O-P-X. That's not as strong. You bounced financials in banks, but they look like crap. and I think Bank America was still down today. Very weak. You went from leading in the big banks to getting hammered below the 50-day moving average.
Starting point is 00:41:48 Economically sensitive names bounce. United Rentals, our favorite, was up 6% today, up 36 bucks to 633. But it's all in context. It was 795, six weeks ago. It was 896 in November. That's what we call a downtrend and today a bounce. They have to bounce sometimes. They bounce things like Sherwin Williams and Parker Hannafin, things like that today.
Starting point is 00:42:20 The one thing that was down most of the day was oils. And guess what? We have told you to avoid the oils. There are a few that stick out. But overall, you look at the east. ETFs for oils, O-I-H, X-E, X-O-P, terrible. They look terrible. If the big indices broke the 200-day moving average, you'd be hearing a different song from us today. So far, so good. The small and mid-caps have already broke, and pretty decently below. And as we told you, I
Starting point is 00:43:05 I think we tried the small caps three times in the last year and stopped out three times. They're just miserable. So we stay away. We're always measuring, just simply measuring relative strength. We believe the market is a race. One against the other. Sector versus sector. Stock versus stock.
Starting point is 00:43:30 And let's just hope. We'll hope. Today was meaningful. Cause and effect, the tariffs. We don't know if they do something different tomorrow. We don't know if he changes his mind and puts him back on. We just don't know. We'll deal with them as it comes.
Starting point is 00:43:58 That's my biggest issue. If I had the president's ear, you've got to stop changing your mind that affects businesses across all spectrums, not just tariffs, but everything. I heard the other day he wants interest rates lower. Don't screw with the markets. That's the other part. We don't want anybody screw with the markets. The free markets have done a very good job.
Starting point is 00:44:27 Now that Powell is a nobody and is not printing money anymore. Terrific. He can talk all he wants. He can yap all he wants. The fact that he's doing nothing is a good job. thing. Less is more when it comes to these people in power and our markets. We'll say that loud and clear and we don't care if there are a D, an I, or the Whig Party. We have no bias. We just want good policy and just get the hell out of our way. We've said that forever. The people this country
Starting point is 00:45:07 are doing a great job. The businesses are doing a great job. The creation of wonder drugs, new technologies, people that were cash shares in Walmart running a whole store now. That's what we want to see. Upward mobility for everyone. So, that all said, I'm going to sleep. You have a great evening drive carefully when you get home to like we do. Quite simple. Make sure you hug your family.
Starting point is 00:45:40 Well, I won't be doing that today. Make sure you hug your children. I won't be doing that today. Stay well, be well. Get your flu shot. Trust me. Good night all. This has been Investors Edge
Starting point is 00:45:54 with Gary Cult Bomb on BizTalk. 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
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