Investor's Edge with Gary Kaltbaum - The media at it again [11.26.2024]

Episode Date: November 26, 2024

https://garykaltbaum.com/

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 CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,

your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's the day before Thanksgiving. No, my bad. It's Tuesday, right? days before Thanksgiving, but one day before my anniversary, which is November 27th, which is tomorrow. I'll be on a flight on my anniversary up to New York for Thanksgiving, visiting the fam and all that. Hey, hope you're having a good day. Ladies and gentlemen, we title this show every day. Today is we're going to do a little bit on the media because we want to remind you about how bad they are, how they don't care about you, how you are a means to the ends, how you are the people that they try to drive a certain wedge into.

And obviously, they have been proven to be, well, you've seen what happened in the last election. You've seen the polls on what people believe. And as you know, we are the most unbiased people out there. We are. We call everybody on the carpet who needs to be called on the carpet regardless of party. We will complement regardless of party if they do the right thing. We have no agenda, no ulterior motive, except we the people. You know where we stand on a lot of things. We just want to remind you what happens now.

It's already happening. It happened before the election. Trump was a Nazi. As you know, we've been no fans of Trump, but Trump is a Nazi. Last I looked, he didn't killed 12 million people. Racist. Hmm. Homophobe.

Interesting. Homophobia. He just nominated a gay hedge fund manager to be the Treasury Secretary married to a man. Such a homophobe, huh? anyway we just want to make sure you know what they're going to do what they try to do before the election that did not work but they are added again we want you to remember and i don't know why i don't know when why this comes about and what agenda they have but under a democrat administration there are no homeless unless they really have to they don't report bad news Just remember, they didn't report on immigration until about, I don't know, nine months ago, when Biden's poll numbers on immigration were worse than Root Canal and Jockich. And then they let them blame the Republicans for the immigration, and they fell in line with it.

Did you ever hear anything from the media on debt and deficits? You didn't hear a freaking word. Never. Even though they were running $2 trillion deficits. I still remember when they had the CNN woman. She used to be on CNBC. I forgot her name already. Did a sit down with Biden.

He's sitting there saying, I cut the deficits in debt, and she's a brilliant financial mind, and she didn't call him on it. She didn't follow up on it. A simple, wait a minute, we're running $2 trillion deficits. What we're talking about? So we just want to start the show. We did all stocks yesterday.

We're going to do plenty of stocks today. We promise. But, by the way, it's Aaron Burnett. But we just want to report to you what we're already hearing. First off, the people that called them fascist and racist are still doing that. And of course, the tigers are eating their young. Al Sharpton's calling black men misogynist. And the media is not reporting that, by the way.

By the way, it's now been found out that Al Sharpton got a half million dollars. from the campaign and doing a soft interview and a praising interview with Kamala Harris. There should be some sort of penalty. They finally acknowledged it a few weeks later. They've done nothing to the guy because how dare they do anything to Al Sharpe them. So I just want to report to you some things that are now coming out. It's the usual's Washington Post, New York Times, MS. Well, MSNBC is just the – I mean, they're nut cases.

how they have some of their people on TV calling Americans racist 24-7 and they have shows and they're wondering why their ratings are down 50%. So here we go. New York Times article. Just reading this. This is the headline of an article. Crony capitalism is coming to America. By the way, this is Paul Krugman, a Democratic hack.

Deficits are okay or not mentioned under Democratic. Democrat and on the Republicans at the end of the world. You know that type. He's writing an article. Crony capitalism is coming to America because of Trump. Huh. Really? So the Biden family getting 20-some-odd million bucks from, that's not crony capitalism. Hunter Biden, that's not crony capitalism. Really? How about the $350 billion that went to John Podesta, the doleafa climate? We have not a dime of accounting. No crony capitalism. How about $2 trillion deficit? No crony capitalism.

So just letting you know, Paul Krugam's already added again, and Trump's not even in power yet. Just want to report that to you. That's number one. Next, New York Times article. Opinion. Donald Trump will do nothing to bring back our dying American dream. By a guy named Steve Ratner.

He was a counselor to a treasury secretary in the bottom administration. By the way, a brilliant man, but another hack. He's saying Trump got lucky in his first term. That's his first line. Donald Trump got lucky in his first time. When he arrived, inflation was low, unemployment was falling. Growth was steady. He applied a bit of juice fee, his large regressive tax cuts.

You know, tax cuts are regressive. They're bad. Another hack. And the economy accelerated without triggering inflation. In retrospect, his term was a bit like a speeding card that got away with it. So he gives no credit to Trump. That's how he starts his article. and he goes on to say Steve Ratner,

we'll do nothing to bring back our dying American dream. So he's saying the American dream is dying. But wait a minute, Joe Biden was just the president for four years. How can the American dream being dying when Joe Biden tells us how great things are? So Stephen Ratner, New York Times, just another hack. And I'd say it to his face, a lying hack.

You're lying, you're making it up. You're trying to drive a wedge out there. You're trying to drive a message out there to the American public. They ain't buying it anymore, buddy. And remember, full disclosure. I've never been a fan of Trump on being Trump and his baggage. I like some of his policies, some darn good policies. And I love what he's doing with Elon and Vivek.

And hopefully they do well with that. But anyway, so you have another hack in the New York Times. They're trying to drive this message to you that Donald Trump sucks and blah, blah, blah, blah, blah. Let me stop right there before we go even further, the American dream. So ladies and gentlemen, this guy, Steve Nantner, I believe he's probably a billionaire, but he's up there hundreds of millions of dollars, went to school, studied hard, became very educated, a brilliant mind, a brilliant man, has done a lot with industry and business. He's been a very successful man telling you they don't have the American dream anymore.

Don't you love that? Don't you love that? A multi-zillionaire is telling you the American dream. Let me be clear and concise, ladies and gentlemen. I see people making millions of dollars with podcasts. I see people making millions of dollars with video feeds on YouTube. You ever hear this guy, Mr. Beast, making bazillions of dollars. influencers. I've seen people going to University of Florida. You can only get in with

4.0 and becoming doctors and lawyers. Professors. Interesting. Chiefsons, CEOs. The American dream is alive, ladies and gentlemen, capitalism demands greatness. Just letting you know. So don't believe the bull crap coming out of Steve Ratner in the New York Times, putting down Donald Trump. Alec Baldwin, you know him, actor, says Americans know little or nothing about the world. Article. And he said this while he was overseas in a whatever,

something called the Torino Film Festival in Turin, Italy. Interesting. Americans are uneducated, he's now saying. Do you know why he's saying that? because you voted for Donald Trump. You're now uneducated. If you would have voted for Kamala Harris, you were educated. Now you're uneducated.

I was just thinking to myself. Uneducated. Uninformed about reality. What's really going on, he says. Alec Baldwin, didn't he just accidentally shoot a woman on at his movie? They were making? Up next. We'll continue with this, then lots on the markets, I promise.

I'm Gary. This is one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs.

All to assist you in achieving, your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary portfolio review. The number to call is 888-4-2-5-59. That's 88559. That's 8-5-59. That's 888-4-2-4-9. That's 888 4-2-5-5-9. Investment Advisory Services offered through Colbaum Capital Management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata.

We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with. It's just how do different accelerators go together? It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff?

Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? Yeah.

My cell phone is a mature technology at this point. How far are we from that point with quantum? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. Hi, I'm Dr. J. Goodman, host of Beyond the Script, the podcast where I see 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 cake 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. Cashflow Crunch. OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment get funded quickly

and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. 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 an 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 Coltbaum. It doesn't get better than this. All right, so let's continue with this because it's important. because they are going to be pounding away at you, ladies and gentlemen. So Alec Baldwin says you're uneducated, uninformed. You don't know anything on climate change and Ukraine, you name it. The biggest topics in the world, Americans have an appetite for a little bit of information,

but that's about it. You know what's going on from the news, but information America is driven by money. It's a business. Blah, blah, blah, blah, blah. And I'm just, again, I'm thinking to myself, for someone who was so educated and so smart and so brilliant, he accidentally shot, I don't know if she was a producer or what shot dead a woman, because the gun was loaded and should not have been loaded.

It was supposed to be blanks. But you're uneducated. You're stupid. You're a moron. You're an imbecile. Am I imbecile when I say climate change with their marketing is a hoax? Am I an imbecile? That I've lived many years and they try to tell us about extreme weather, but I've seen extreme weather 40 years ago, 60 years ago, 200 years ago, a thousand years ago, a million years ago.

The hoax is your wallet. They're coming after your wallet. We just found out the IMF is missing billions of dollars that went to people for climate. Anyway, Alec Baldwin's trying to tell you're an idiot. But I'm not done. I have the Orlando Sentinel. That's my local newspaper. I don't know.

The columnist's name is Steve Bucke. And I don't know whether he is a local or not. But here's the title. Scrutiny of Bondi's record won't be pretty. This is Pam Bondi, who is up nominated for the attorney. General. Interesting. Interesting. So all of a sudden, the nominated Attorney General, by the way, did a great job in Florida, is now, well, you heard it.

CBS, we're finding out. You know, Catherine Harrodges, used to work at Fox, went to CBS, a brilliant woman, an unbiased reporter. She did a whole thing on Hunter Biden, and they found out in text that Hunter Biden used the N-word many, many times. We also know he's a thief. He's a crook. He's an influence pedaling piece of crap. And she had this whole report and CBS would not let her report it before midterm elections because they're worried about the midterm elections. This is CBS. You got to trust the media. Right. Just want to let you know. This is just a few things today. But I can go backwards.

I can go backwards because before the election, the New York Times put out an article why Harris's centrism is working. Kamala Harris, a leftist, very extreme leftist, was called a centrist before the election, to lie to you, to scam you, to BS you, and to to. voting for her when her whole life has been very, very left. So I just want to let you know going forward, they'll be homeless again. There will be missing children again. The end of the world will be at hand again.

Remember, the media was loath to report inflation when it blew up, but they had no choice. because it was front and center and it was pocketbook. So just letting you know, the end of the world is coming because of Donald Trump. I'm seeing gays upset about Donald Trump. Yet, as I said, the Treasury Secretary, a married gay man. How dare he? Right? So just be careful.

We want you to be careful. Do your homework. We're not telling you what to believe, what not to believe. Just do your homework. Why? They're that bad. They're that bad. And every now and then, I'll turn on MSNBC and you would think Hitler has just been elected. I am not making this up. And he's going to destroy the world. And he's going to prosecute his enemies.

and he's going to put them in jail, and he's going to use the military, and he's going to do this, that, and the other thing before he's even gotten in. And by the way, they did the same thing to Reagan. They did the same thing to Bob Dole. They did it to John McCain. They hated John McCain until he put his thumbs down on the health care bill or whatever it was, or thumbs up, whichever he did. they did it to Mitt Romney. Remember Mitt Romney? His wealth was bad. Remember John Kerry? His wealth was not bad. They're that bad. And it's unfortunate. It's unfortunate. It's unfortunate that they don't just do their job. Thomas Friedman, an anti-Israel boob, New York Times. Mr.

Trump, do you realize how much the world has changed since you were president? And all of a sudden, he's going through this, that, and the other thing about Israel, what he's got to do. You get my point. I remember when Bush was president for eight years, I had to go on radio and say George Bush caused the Chicago fire and the San Francisco earthquake and the bubonic plague. They were just blaming him for everything. And by the way, he really screwed up Iraq, Iraq, Iraq, whatever you call it. and amazingly got reelected. Anyway, that's my take on the media,

and we'll keep reporting on it, and we're going to hold them accountable. We will hold Donald Trump accountable, just like we did when he nominated Matt Frickin Gates. What the hell was that? Let me finish up on a different note. Anybody here of somebody by the name of Harris Rosen, well, Harris Rosen is a local Orlando private owner of many hotels that he built, Harris

Rosen Hotels. But more importantly, one of the most giving philanthropic man I have ever met in my lifetime. When I was chairman of the board or Boys and Girls Club of Central Florida, I got to meet him a few times because he was doing so much for us. He was given scholarships to kids, took over an area called Tangelo Park and did scholarships for them. He treats his employees. He did his own health care and health care clinics, so they didn't have to pay too much out of pocket. Just a great man passed away at 85. By the way, he was also in great shape. I'll finish up on that and then we'll do

the markets. I'm Gary. This is the one only investors edge. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side. For example. If anybody has more than 10% of what they had for customer service 10 years ago, they're already

five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did. We're happy to bring out all our learnings, including what needs to change in the process, because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks.

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. 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.

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OnDec does not lend in North Dakota all loans and amounts subject to lender approval. 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 Coltobob. It comes highly recommended. You're going to feel better if you talk to him. So I was mentioning Harris Rosen. Go look him up. He will be remembered big time locally of one of the greats. One of the greats. Always thinking of others.

Always doing for others. And as I said, I got a chance to meet him a few times. times because we were doing our conventions at his hotels, but also discussing things we can do together for the children of Central Florida. And he was tireless. And when I heard he had passed, he was 85, so he's up there. But I was really surprised because the last I looked, the man was always swimming and in great, shape, always kept himself in great shape. From what I read would be able to swim for miles. Anyway, he passed away. When you have a second, go look him up and see what a great man this was.

Harris Rosen. All right, we segue. And by the way, this media thing has everything to do with you. And your job, and your industry, and your money, and the markets, and the future. And the future, they're supposed to be the last line of the fence against the powerful, but they're only the last line of the fence against the powerful that on one side of the aisle. On the other side of the aisle, they kiss their ass. And I really, for the life of me, do not know why. What does the left do for you? What have they done over the last years? What have they enabled? We've discussed it every day here.

By the way, no great shakes on the right either, but... All right. Let's start with Microstrategy and the Bitcoin. As we have told you, we thought a high was put in, and we'll probably go through a correction. Micro Strategy had one of these wild days. Hit a high. Get this.

A 543 closed it. 397 with a lower 372 and we just stated to our peeps as well as you that typically that's going to mark typically that's going to mark a point of a high after a move higher and we also said to you remember what we said to you there's somebody out calling for 49 million on Bitcoin

after being asked about a million No, not a million. 49 million. There's nothing, and that's not a reach. That's the type of attitude that comes towards the end of a move. We're not saying the move's over. Definitely 100,000 was some sort of peak for now. And of course, that can change tomorrow.

We recognize this. It's a crazy entity. Anyway, so Bitcoin had another rough day today, and micro-strategy was down another 50. today. Another 12%. And we just hope you listened. And we don't tell you what to do. We just kind of let you know. You got to know what you're involved in, how far it's gone. Pick your poison, be smart. So Bitcoin's now pulling in. They're telling you, don't worry, it's just the correction. That's fine and dandy. The other thing we mentioned to you is that I think yesterday was this

a similar scientific that decided to go from treating chronic diseases to only talking about Bitcoin that they're buying or whatever. It had 80 bucks yesterday, closed at 61. It was down another nine bucks today. By the way, that's after moving up on the Bitcoin move. So again, very important. Keep your feet on the ground. Be smart. Don't be a doofus. There is a lot of money to lose in the market if you're not careful and we mean that big time we mean it sincerely uh i've been trying to be careful with my words on the bitcoin by just stating hey just so you know there's no company there's no product there's no service there's no earnings there's no sales it's just people paying up. Of course, the Trump thing got it moving also because Trump is calling for

strategic Bitcoin Reserve, or at least it's been rummaged around, and we're going to be the Bitcoin capital world, and I'm thinking to myself, what? And I think they've all gotten caught up in the move to the upside and all the noise. And I can promise you, we're not saying it's going to. If Bitcoin drops the 50,000 down from 100, all that noise is going to slow up big time. I can promise you that. All that noise is going to shut down big time. And again, we just, I'm trying to be careful with my words because I know there's others out there, bubble mania and all that. And we've used those words many a time, but we know a lot of you are involved in this you know how we know that we get your emails and we're just

telling you just know what the deal is and as always you decide next I want to bring up Amgen interesting enough Amgen was down a big $16 today in the Dow but interesting enough Amgen was down $36 in the Dow so the Dow was down early 300 points but 235 was Amgen So Amgen recovered a ton, and you had finally a better day in your mega-cap tech. And in case you don't know, Apple, Amazon, Microsoft, and Nvidia are in the Dow. Now, Nvidia didn't do squat. Actually finished near the lows of the day, but Microsoft finally bounces almost $8.

Amazon, $6, $4,000, $4.16. That's about $100 down points right there. Oh, wait a minute. Salesforce.com is also. that's another 20-some odd Dow points there forgot about that which by the way I haven't mentioned we're getting mega cap top heavy

in the Dow now we'll see how that plays out I keep it's something that I knew but not until the last couple days because by the way Cisco is still in the Dow IBM is still in the Dow

so you got let's see Microsoft and Vidia 1, 2, 3, 4, 5, 6, 7 names. Am I right? Yeah. Seven big technology names out of 30 in the Dow. And we'll keep you informed.

But good day today in those stocks. I could tell you Amazon held very important support and is turned up. I lost a little bit on my last trade on that. Am I going to

get back in something to think about. Microsoft, good day today, may be turning up here, not sure. And Apple is just a stone's throw away, a breaking out of a six-month trading range. We'll see if that occurs. Has not happened yet. But with the Dow down 300, finished up 123. Why? Because Amgen came back a ton, and nothing else was really down. And you had the better mega-cap tech. The S&P up 34 today. Sneaky little thing back up. The NASDAQ up 119. NASDAQ 100 up 118.

Why? Well, advanced declines were 16 to 24, but the big cap did the job today. We'll see if that continues. Transport's down 57, but I believe the transports at one time today was down 200. So that also came back. mid caps and small caps were down, but not much and definitely off the lows by the end of the day. And that's the story of today. I will call it an impressive day.

Why? Dow down 300 finishes up over 100. That's all. Now, there was some weakness today. definite earnings reaction weakness when analog device is a very important semiconductor stock opens up 10 and finishes down

four that's not good news when Dick's sporting goods opens up 12 and finishes down three that's not good so you had a little bit of that today and may I state for the record the semiconductors continue were down 60

they were down 90 at 1 time still acting terribly and are in a void. Up next. What else we got to be in the markets? I'm Gary. This is the one only investors at. Hello, hello. I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future.

Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building, hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature.

Right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Kondo? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

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 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 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. Cashflow crunch. OnDak's small business line of credit gives your business immediate access to funds up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock inventory, or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing,

and control over repayment, get funded quickly and confidently. Apply today at on deck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by OnDec or Celtic Bank. OnDec does not lend in North Dakota, all loans an amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for?

One, two, ready, go. Investers Edge. With Gary Culper. And welcome once again to Investor's Edge. so I was impressed with today week opens and better closes are always good news one of the main questions I've been asked recently is my thought process on the NASDAQ leading markets up and down

as I have stated forever the NASDAQ has an unbelievable record of leading markets up and down excuse me the semiconductors well I can tell you flat out we're in one of those moments they are not They are weak as all hell. Excuse the French, but that's a good word to make an impact.

With the NASDAQ up 119 and NASDAQ 100 up 118, the semiconductor index was down 60, as we said. At one time today, was down about 4892, about 90, but you had a nice little close in the last 20 minutes, and that helped. but overall just massive weakness. There are a couple of names that are strong. Semtech was up nine today at a new high. SMTC today. That's a semiconductor. I think Marvell is near a new high, crappier numbers.

NVIDIA is still hanging in there, but sitting on the 50 day now and better not break it. The semis are just not a factor right now. You just avoid them. And today, I can tell you the equipment makers like ASML, not good. And as you know, they lowered their numbers big time. Amat, they guided lower. Not a good day.

KLAC, not a good day down 13. Lamb Research, not a good day. They just avoid. If it changes, I'll let you know, but they just avoids. That's the best way I can explain it to you. And eventually they'll probably pick up the mantle again of the markets, but right now, whatever's ever working in the market couldn't give a crap what the semiconductors are doing right now. Not a lick.

Normally in the past, the market be in trouble right now, but right now ain't happening. the election change of the playing field, gap the market up, brought it down, filled the gap, but in the last few days much better, and we'll see how it plays out, how long, how far, don't know. Other things today, remember yields tanked yesterday? So you had a strong day in housing and retail. Well, housing was weak today because yields bounced, and retail was weak on some of those reversals that I mentioned, though the one name that was up was Costco. And really nothing,

no real great setups there for me to touch anyhow. Financials were fine today. They were weak early, finished okay. Just overall, ship shape, with some warts. I wouldn't touch the semis. The gold miners. Gold miners up a little bit today. China, another weekday today. The solar's terrible. Wouldn't go near them. A lot of the things that have been affected by Trump, as we have mentioned, have been hit hard, defense stocks, contractors, and the like.

So we'll stay on top of it. We'll let you know how it goes. other things that stuck out today GM was hit hard today it's been acting well why would GM get hit hard big tariffs Trump proposed overnight and due to the fact that I believe we get a lot of cars from these places a GM stock was acting great down 9% today interesting enough there is talk though now

that the obesity pills or the obesity whatever will have Medicare and Medicaid cover at least that's what's coming out of the Trump administration, Eli Lilly bounces $34 today. So there's still some outcomes going on of which way this administration is going to go. And I still think it's still,

we don't know exactly how they're going to go, but we have a pretty decent understanding. I will tell you the what... Somebody had said today, we're going to be back to free markets, and I'm seeing myself, wait a minute. They're proposing tariffs. That's not a free market.

That's engineering. So be careful about the praise you get also on Trump. That's BS also. Just so you know, tariffs are not free markets. You know, we keep hearing the words negotiating tool. Let's just hope it is. Because nothing good will come of 25% tariffs or 50% tariffs if they tariff us back.

I promise you that. And I also do not want you to believe the Trump administration when they tell you that China will pay for the tariffs of Mexico. It is paid by the people who buy the products here. We're talking to companies who import them and then sell them to you at inflated prices in order to cover their nut. Just think.

We're just logical people. people here. If a price of something that costs to a company is up 25% because of a tariff and they're losing money, either they're not going to get any more and that'll turn into shortages, which will force up prices, or if they do get it, they're going to have to force up prices anyhow to cover their expenses and to make a little bit of money. So who ends up paying no matter what? you the consumer. Case closed. And I disagree with the incoming Treasury Secretary that said it's not inflationary because they'll just fix it up on the back end because they won't be able to...

No, we disagree. And I'd like to talk to the administration about my disagreements with them because I'm right. Economics 101, baby. That's what we do here. So there's some warts, especially the semis, but good finish today. And some mega caps lifted up.

We'll see if that can continue. On to tomorrow. You'll have a great evening drive carefully. And 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 Thursday and Friday will be the best of Gary. Half day on Friday for the markets, but no show. And we'll wish you again tomorrow. Big happy Thanksgiving travel safe. Stay well, be well. Have a great one. Good night. This has been Investors Edge with Gary Cult Bomb on BizTalk.

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