Investor's Edge with Gary Kaltbaum - The Hulkster [07.24.2025]

Episode Date: July 24, 2025

https://garykaltbaum.com/...

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Starting point is 00:00:00 At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at cbs.com or just come by store we can't wait to meet you store hours vary by location investors edge with gary coltbaum straight talk about you and your money now from the biz talk studios here is gary cult bomb and welcome once again to investors edge i'm gary coltbaum your host hey thanks for being with
Starting point is 00:00:50 today glad you hear ladies and gentlemen happy that you are listening it is uh the 24th of july uh 2000 25 and it's a another tough day. We'll get to that in a minute. In case you don't know, this is serious talk on everything that affects you, do the markets, the economy, your job, your industry, them over in D.C., and whatever else we think matters. And if you do not get this radio show in your city, we'll post it at garyk.com. We'll also post it on our X feed. I got it right. And if you don't follow us on X, you should.
Starting point is 00:01:32 and if you'd like to email us, just be nice. We'll also put it on the podcast apps also. So as we go through life, you know, we all are a product of our decisions, our choices. And some things you're in control of and other things you are not. That's how it works. We all have our loves, our likes, and our dislikes. and when I was young, my idols were Arnold Palmer in golf, Dusty Roads in professional wrestling,
Starting point is 00:02:15 Willie Mays in baseball. I was in Vegas, and I saw Willie Mays at the ticket counter, and I ran up to him. and I said, say hey. And he gave me a big smile, and I just said, just letting you know how much I love you. And he couldn't have been happier. There's no pictures, no cell phones to take pictures, nothing. But I will never forget that moment.
Starting point is 00:02:51 I got to meet Dusty Roads every Wednesday at Miami Beach Convention Center. every Wednesday to watch him fight the bad guy and when he passed it hit in fact there was some really weird
Starting point is 00:03:14 coincidences with that in that I was in the hospital visiting somebody the same day he showed up at the hospital and passed away that night. You got to realize something that I lived and breathed him when I was a kid. His famous move is the elbow, and I used to do elbows off of my parents' dresser onto the bed.
Starting point is 00:03:44 And Arnold Palmer loved him, everything about him. And the year before he passed away, I paid some serious bucks to go on a private jet blue jet to La Trobe, Pennsylvania with my good friend Larry for the, it was an Arnold Palmer charity event and I got to meet him. I shook his hand and his first time I was ever up close with him. I was almost crying, just meeting this guy. And Hulk Hogan passed away today at 71. I heard he's been Hill, but he was. went home and I guess he had a heart attack this morning. And as you all know, I'm an insane professional wrestling fan. You know, there's now a 24-7 wrestling channel on Sirius.
Starting point is 00:04:46 I could easily be hosting a show better than most of them that are on there, except for the wrestlers. Very tough to outdo the wrestlers, but there are hosts there that are not wrestlers. I'd eat them alive. We all lived and breathed Hulk Hogan. He was the guy. He was the money. I will tell you that one of the worst things that happened for me was I got on a flight from Vegas back to Florida and he sat down next to me on the plane. and I'm thinking I was going to talk his ear off
Starting point is 00:05:35 and what he says to me would you mind if my friend whose two rows behind sits here and what am I going to do say no and it turned out it was Rick McCord a jobber a guy who loses all these matches but I've met him a couple of times after
Starting point is 00:06:01 and in awe every time of Hulk Hogan. I know this controversy and all that. I don't give a crap about that today. But as you get older, we're losing all our favorites. I guess this is the norm. When Neil Pert died from Rush, Glenn Fry from the Eagles, Becker from Steely Dan,
Starting point is 00:06:30 Johnny Carson, which I watch, every night religiously and pretty much every day now and you're at anybody that's my age going through the same thing I'm reading every day about somebody who died who won a Super Bowl when you were younger and the next person and the next person and you know I love the general hospital and all my children when I see the actor or actress I guess that's What you call life now. And now I'm in my 60s.
Starting point is 00:07:12 Anybody who meets me thinks I'm in my 40s. And I act like I'm still 16. But I just wanted to, I got affected today. Because another one of my professional wrestling, and I have other favorites, but he was the guy. The three, probably three of the top five most important moments was Hulk Hogan, slamming Andre the giant, turning heel, the greatest heel turn of all time, and then Rock against the Rock in WrestleMania 18, was, had me, I think I've watched that back
Starting point is 00:08:01 a hundred times. Anyway, Terry Bolea passed away at 71, and you know how you know somebody of import every channel is covering it at not just for 30 seconds, but for a long while. Every professional wrestler is commenting on it. Everybody in the business commenting on it. 71. Ladies and gentlemen, I just spoke to my father a couple of minutes ago, who's going to be 94 in October.
Starting point is 00:08:44 and he had said to me, you know, Hulk Hogan passed away, and I said, you know he's 71. He goes, I know what you mean. You all take care of your health. Alcohol is not cool. Drugs ain't cool. Take care of yourselves. Please. Anyway, that's my little history of my athletes and professional wrestling.
Starting point is 00:09:21 and by the way, I will be at SummerSlam in New Jersey next Saturday. I may go Sunday also. They made it two nights, but I have ringside for Saturday, camera side also. So you'll be seeing me if you watch SummerSlam at ringside, a few rows back. And I still remember being made fun of all my life, professional wrestling. And now it is so freaking mainstream, it's not even funny. We move on. We segue because that's what we do.
Starting point is 00:10:03 I want to start with something that's of import. Two other things. First off, Columbia University is paying $200 million. I guess you can call it a fine. I want to thank President Trump for doing what you had to do. Columbia University treated Jewish students
Starting point is 00:10:36 like they were the dirt on the ground. They let people threaten them. There's video of students being blocked and being corralled by a bunch of these scumbags. They're lucky I wasn't one of the students.
Starting point is 00:10:53 I would have kicked all their asses. So Columbia is paying the price. Harvard wants to fight it. We'll screw them. Up next. We'll finish that up. Hit the markets. Much more. 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,
Starting point is 00:11:59 all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review. The number to call is 888-4-22-559. That's 888-4-22.
Starting point is 00:12:25 5559. That's 888-422-5-5-9. 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, I have a stomach
Starting point is 00:13:13 ache 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
Starting point is 00:13:37 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10. 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether
Starting point is 00:14:07 you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 help make it happen fast. Rated A-plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondac.com depending on certain loan attributes your business loan may be issued by on deck or celtic bank on deck does not lend in north dakota all loans and amount subject to lender approval 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 cult bomb it doesn't get better than this so uh i'm jewish and this has nothing to do with you and your money and the markets. But I would say this if they did it to any race, creed, color, denomination, gender, short, tall, big, little, fat, skinny, wouldn't matter to me. What those stupid pricks did at these colleges, I cannot believe how bad the people running the colleges were.
Starting point is 00:15:37 you saw the college presidents up on Capitol Hill when asked about it that do you believe in the death of the Jewish state that these people are calling for? Well, it has to depend on the context. They were women, all three of them. If they were men, I would have jumped over those tables if I was there. Imagine going to school to study. and being, you're having your life threatened by a bunch of scumbags because of your religion. And we all know that these morons running these colleges, if it was anybody else but Jews being harassed,
Starting point is 00:16:26 imagine if there's the blacks, they would have been going nuts. If it was the gay community, what they would have done. We know what they would have done. So the penalties aren't even enough. I believe some of the presidents are gone. This latest one at Columbia used to be, I think, a journalist or an anchor. She's terrible.
Starting point is 00:16:56 The fact that they have to pay tells you everything you need to know. I thank the president because that last president, the worst president we've ever had, and boy, we've had some bad ones. Joe Biden was doing nothing about it. I had to bring that up. But the other thing I got to bring up, so I compliment the president. But there's so much weird going on because yesterday there was, how do I put it? Japan.
Starting point is 00:17:49 The president announced a massive trade deal with Japan. a massive. He used the word massive and explain what it was in specifics. Japan, and I quote, there have been no discussions with President Trump
Starting point is 00:18:08 regarding the implementation of this deal. Currently, there are no plans to sign a legally binding agreement. We have established a mutual understanding with the U.S. regarding
Starting point is 00:18:20 the trade deal, but that's all. What have we told you about overpromising? I don't think the president's listening. I taught my kids a few things. One of them was, don't lie, don't overpromise, because first off, if you overpromise, you're going to disappoint.
Starting point is 00:18:48 If you lie, you're going to have to cover it up. If you found out, people are going to believe you're a liar and not believe anything you say going forward. I wish I could have a sit down with the dude. I think I could help out. I don't know if he'd listen. But man, oh man, there is no signed anything binding with Japan.
Starting point is 00:19:13 Nothing. And I don't know if you know trade deals. Not much ever gets through. We'll be hopeful. Today in the market, interesting that the Dow was down 316, but the S&P was up for, which means that the technology stocks are up
Starting point is 00:19:35 because technology is so huge to the market. The NASDAQ up 37, NASDAQ 100, down, up 57. That was the story today, but advanced declines were sinister today. Could be meaningful, maybe nothing. Of note, in the Dow, IBM down 21 and a half today. Ouch. That would be about 135 Dow points.
Starting point is 00:20:04 Honeywell, a low beta name, down 15. About 95 Dow points. So between those two no help and yet a few. Oh, United Health. Oh, my goodness. Down another 14 to 278. Talk about no help. Something about the Justice Department.
Starting point is 00:20:23 You can all thank me, right? What have we told you to avoid more than anything recently? The managed care. They were ripped again today. M-O-H down 32 to 158. ELV down 16 to 280, Cigna down 10 to 293 in United Health, my goodness. Of no decent, though, was the AI semiconductors.
Starting point is 00:20:59 Why? Yesterday the president had this confab on AI, and the market was happy about that today and completely ignored the Dow. And you had Microsoft content, on, I believe they report next week. And Vidi as I mentioned, part of that AI. A broadcom up four, Amazon up three.
Starting point is 00:21:24 That'll do the trick. Some of the biggies doing the heavy lifting today. But of note, and not to be ignored, you don't want to see too many bad advance decline days while some of the big indices are up. Tesla. down 28. And you know what I was doing today all day? Waiting for the defenders of Tesla.
Starting point is 00:21:56 Because it's kind of been Teflon-ish, if that's a word. And all we keep hearing is don't worry. They're doing robotaxies and doing robots and this and that and all that fun stuff. All I can tell you is that it's weak, got weaker today, but it's had a reputation in the past, even on bad news to get defended and turning up. It did not happen today. You got strong support in the 280 to 300 area closed at 305. And by the way, the numbers stunk.
Starting point is 00:22:35 Free cash flow was down huge. May I state that for the record. Others of note, Chipotle, down 7 to 45 and 3 quarters. Do you remember what I told you when they did their 50 for one split? That normally that's a sign near a top. It's exactly when the top was. Anyway, sales growth measly 3%.
Starting point is 00:23:05 And earnings were down 3. So my little small sampling of Chipotle came out true. Up next, we'll explain that. Starbucks and whatever else is going on in the market. 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.
Starting point is 00:24:01 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.
Starting point is 00:24:25 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. 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. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours.
Starting point is 00:24:55 The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer, dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDec is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, OnDex loans up to $400,000 make it happen fast. Rated A-plus by the Better Business Bureau
Starting point is 00:25:16 and earning thousands of five-star trust pilot reviews, On-Dec delivers funding you can count on. Apply in minutes at on-deck.com. Depending on certain loan attributes, your business loan may be issued by On-Dec or Celtic Bank. On deck does not lend in North Dakota all loans and amounts subject to lender approval. You're listening to. America is talking.
Starting point is 00:25:40 Investors Edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, as you know, we do these little samplings, and we qualify them.
Starting point is 00:26:14 But one of the things we told you was we thought, Chipotle's business was soft. Softer. Coming true. And we ask questions. The other one's Starbucks. I can tell you where I go. Business is way down.
Starting point is 00:26:37 And you know how you know. Well, you just think about where you are and where you are. When you used to have 15 cars in the drive-thru lane and now there's one. We'll see how that plays out. and I still don't get it. They bring in the new CEO, pay him big bucks. And he says, we are not going to lower prices, even though the world is price conscience. He's saying that because we're the elite.
Starting point is 00:27:01 You know, we're like the four seasons of coffee. Well, we'll see. I hope it works out for them. I hope it works out for them. People a lot more price conscious now. We'll see. What else today that's stuck out? I have to tell you there was some good action, but still a lot of blowups going on.
Starting point is 00:27:27 Google Open Strong, this is of note, was up eight, finished up $1.95. That's what is known as distribution. But there's some good movers in Deutsche Bank, United Rentals, was up $72, $72, on 2% drop in earnings. and a deceleration of sales growth of only 5%. And I look at what they said. I didn't see much, but strong action in United Rentals today. Blackstone good move, T-Mobile, good move, NASDAQ good move. On the other end, I mentioned a few on the downside.
Starting point is 00:28:14 There were others. The home builders, which have tried to get out of here to the upside, well, TMHC Taylor Morrison got smoked today. on their numbers. Southwest airline stock, which was acting much better, got smoked today. On their numbers, earnings down 26%, revenues down one. That ain't no hill for a climber. Coming up, let's see who hasn't reported yet.
Starting point is 00:28:47 Apple has not. Amazon has not. Oh, by the way, excuse me. SAP with that big gap to the downside, follow through to the downside today. Netflix, which had that gap to the downside, has been following through to the downside. Those are a couple of big names, that not good. And you can now add Tesla to that, not good. Coming up soon will be, I think meta's next week.
Starting point is 00:29:19 I'm pretty sure it's not tomorrow. That is correct. And meta also. So there's some biggies to come. as always we'll tell you the exact same thing we're thinking and that is we have no clue what they're going to say or how they react but we'll be on top of it now I mentioned Chipotle just letting you know some of the restaurant stocks
Starting point is 00:29:40 got young today with Chipotle just let you know Cracker Barrel was down 8% Cheesecake Factory down 5% Darden was down Brinker International which was strong getting yacked shake shack down foreign change today so wasn't a very
Starting point is 00:30:01 oh wink stop down 20 today 6% they report next week so restaurants not good and as we have told you if more and more areas show up on the lookout side
Starting point is 00:30:19 we'll let you know but overall as we've stated to you if the financials are in shake If the semiconductors are in shape, very tough to crack the whole market. Very tough. And the AI semiconductors, as Larry David would say, pretty good as of now. And the big banks, which were up much stronger early in the day and finished crappy, because the Dow is down 300 in change, still in shape.
Starting point is 00:30:56 if that changes, we'll let you know. But it is quite interesting. I'm going to do a little exercise tonight with my peeps. Wow, a lot of blow-ups. A lot of blow-ups in the market. And that may just be because we've had a good move up, but a lot of blow-ups. I was just noticing that.
Starting point is 00:31:20 Union Pacific blew up. They're only a rail company with like $25 billion in revenues. down about 5%. And yeah, that's a blowup for something like that. But overall, still in shape. The big indices refuse to buckle. Other notes, gold pull back a little bit, but off the lows. It looks like a normal pullback right now.
Starting point is 00:31:47 You can add the hospitals to the buy-bye. So hospital stocks in real bad shape. and we've been telling you, excuse me, a lot of the health care, ew. So now throw hospitals into the, somebody took out the machete and cut them off at the knees. And as you know, we complain about them. I don't understand how I go in for a few hours and get a $26,000 bill. And then they charged me $5,000 for outpatient when I wasn't an outpatient. 6,000 for the emergency room when I was in there for 10 minutes.
Starting point is 00:32:31 And then they had to change all the coding when I called up to complain. And they changed it to observation. Some of these hospital billing departments are full of crap. Speaking of that, you know what I have to do now? I'm turning 65 in October. I can do this Medicare stuff. I have no clue how to do it and what to do. But oh boy, am I getting a lot of mail on it?
Starting point is 00:32:56 I guess everybody knows your birthdays, huh? every day I'm getting three or four pieces of mail from every insurance company or every whatever that does that. Hey, you're about to do-da-da-da-da and Medicare this and Medicare that and I started reading up on it. And, you know, I think they just make it confusing on purpose. Seriously. Part A, part B. What the hell is all that? Anyway, I'm going to figure it out.
Starting point is 00:33:26 And I have no clue what to do how to do it. figure it out. After all, when you look at your paycheck, see how much you pay in for all this crap. I also got my Social Security thing, by the way. You know, you get that every now and them. Hey, gee, if I start taking Social Security, they're going to pay me $3,000 a month. But if you wait a year, it's $3,300. And if you wait two years, it's 36. Gee, thanks. do you know I don't know the exact number but if there wasn't Social Security
Starting point is 00:34:03 but I was forced to take all that money that I put into that Social Security pot and just put in an account and just bought 10 year bonds and every 10 years I'd roll it over just 10 year bonds it'd be in my name still not government
Starting point is 00:34:17 and I have a lot more money and imagine if I just put it into an S&P fund maybe 20% of it what a great con and just so you know they did it for control because they don't think you can handle your own money we didn't need social security
Starting point is 00:34:34 oh yes we did no you didn't individual responsibility you know some of the Marxists were trying to get rid of our 401ks and put it in their hands a few years ago you know that they floated it
Starting point is 00:34:53 and they got kicked in the nuts within 15 minutes and they shut it down pretty quickly. Remember, controlling domination. That's what a Marxist loves, says the mayor of New York soon to be. By the way, he's probably going to win because the people in New York city, the voters, are insane, are insane. Yeah, let's vote in a communist. Sure enough. Anything else sticking out? Well, there's just thousands more earnings to come. That's all I can tell you. And what I do is I mine them. Today I got this new list.
Starting point is 00:35:42 Blackstone, Deutsche Bank. I'll take Google off because that reversed. LabCore, NASDAQ, T-Mobile, United Rentals. We're always looking for the strongest reactions and why, but some of these have down earnings and we won't touch them. And we do ask the question, why would it be up that much? And the answer is, don't know. Hey, up next.
Starting point is 00:36:10 What else is going on in the world? We'll figure it out. 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
Starting point is 00:36:59 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.
Starting point is 00:37:23 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.
Starting point is 00:37:48 Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. OnDEC is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps,
Starting point is 00:38:11 OnDex loans up to $400,000 help make it happen fast. Rated A plus by the Better Business Bureau and earning thousands of five-star trust pilot reviews, OnDec delivers funding you can count on. Apply in minutes at ondeck.com. Depending on certain loan attributes, your business loan may be issued by OnDx. deck or Celtic Bank. On deck does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. What are we waiting for?
Starting point is 00:38:38 Well, what are you waiting for? One, two, ready, go. In the investors edge with Gary Culper. So Trump is touring with the Powell and hard hats. With the Federal Reserve, just an excuse that it's such bull crap. I don't like what this administration is doing, targeting people, making them the enemy.
Starting point is 00:39:43 And I'm no J-Powell fan, but it's ridiculous. It is ridiculous. Just my opinion. I'm sure somebody will disagree. I don't care. There's a lot of retaliation going on. You know what I want. Right?
Starting point is 00:40:15 This is less regulations get the hell out of the way. Everything else is nonsense. Excuse me, strong on crime. A strong on the border, which he gets an A plus, plus, plus, plus plus, plus. If Trump did nothing else, what he's done with the border, A plus, plus, plus, plus, plus, saved lives. He's saving lives. but now they're doing a cover up
Starting point is 00:40:54 of the Epstein thing and they're looking bad they should just come out with it's no big deal we know what Epstein was and we know he didn't commit suicide he was murdered of course he was moving on
Starting point is 00:41:10 interest rates calm oil prices calm the economy in shape not sizzling Not hot economy.
Starting point is 00:41:32 The president's saying the greatest economy ever. No, it isn't. But it's fine. Job market fine. Housing market, well, guess what? Not affordable. By the way, because of Jay Powell. All this is an outcome of him.
Starting point is 00:41:54 He should have been fired for that, not this other thing. And what we are seeing now in the housing, market is fantasy land going away. I will tell you here in Florida, a ton of inventory, a ton of houses staying up for sale, and a ton of prices being dropped, and a ton of homes just being taken off because they're not being sold. You're in one of those moments. It has not gotten bad. I know there's a condo issue because of other things.
Starting point is 00:42:42 Let's hope it doesn't get bad. And I really do believe all we are seeing is fantasy land prices coming back to some sort of norm. And when I mean fantasy land, I've been seeing homes that went three years ago for a million. going up for 1.8. Houses that sold for 500,000 three years ago trying to be sold for nine, some even higher. And I also look at the very high end, wow. Homes that went for $2.5 million, three, four years ago,
Starting point is 00:43:18 six. And it just ain't moving. So we'll keep you informed on that, let you know. It's easily becoming more and more of a buyer's market in a lot of areas around the country. and I suspect that's going to continue for two reasons. Number one, the three, seven, who wants to sell their home with 3% and get a 7, and the affordability. Average person cannot buy a place in New York City. Wealthy people can't buy a place in New York City. And here in Florida in some areas, wealthy people cannot get into nice country clubs right now.
Starting point is 00:44:12 high. We'll let you know if it changes. We'll let you know if it worsens. But there's a rhyme and a reason. The home builders have been very weak for the last, I don't know, a year and change. They have bounced a little bit recently, but certainly not leadership. And now back on to earnings. Stay tuned. So far, okay. The good is gooder. The bad is badder. and we'll have a lot more in the next two to three weeks. I haven't even looked yet, but after the close today was Decker's Intel?
Starting point is 00:45:00 Intel. Veracine. Tomorrow will be charter communications, GenTechs, a bunch. And then next week, look out. Apple, Amazon, meta. And we'll get a better idea. but today Google
Starting point is 00:45:23 Big Gap Up didn't finish well Tesla Toast And again They just ain't selling cars like they used to And all this dependency on robots They better sell a lot of them And robotaxies
Starting point is 00:45:44 They better sell a lot of them Because They're not selling as many Teslers at all and free cash flow way, way, way down. We'll see what's next. My big worries, this second I really only have one. The president going nuts again on tariffs. That's the only worry I got this second.
Starting point is 00:46:16 Yeah, there's some things breaking down. There's some areas, as I mentioned, still not in good shape. But until them financials and semis get gagged, I'm not so worried overall. That all said, you have a great evening. Drive carefully when you get home, do like I do. Quite simple. Make sure you hug your family.
Starting point is 00:46:36 Make sure you hug your children. They will feel better. You'll feel better. I promise they will be well. Until tomorrow. Good night. This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get in contact with Gary, go to GaryK.com.
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