Investor's Edge with Gary Kaltbaum - The noisy week in review [06.06.2025]

Episode Date: June 6, 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 CVS.com or just come by our food. store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Kaltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Kaltbaum. And welcome once again to Investors Edge. I'm Gary Kaltbaum.
Starting point is 00:00:48 Your host, a thanks for being with us today. Glad you're here, ladies and gentlemen, happy that you are listening. It is Friday. January 6th. January 6th, June 6, 2025. Do you know why I said January? Because I'm sitting here not paying attention. I am watching the Novak Djokovic match with Janik's sinner in the semis. And, okay, back on the market. Hey, in case you don't know, there's a serious talk on everything that affects you.
Starting point is 00:01:24 We'll do the markets. And we have a lot to say about the markets today. We hope you listen. We'll do the economy. Your job, your industry. We'll do the debt and deficits and the too big, not so beautiful bill. And all the other crap that goes along with it. And whatever else comes to mind.
Starting point is 00:01:50 And if you do not get this radio show in your city, we will post it at garyk.com. We will also post it on our Twitter feed, which is now X. And if you don't follow us on X, you should. And if you like to email me, just be nice. But when you email me, come with ammo. Come with facts. Don't come with BS. Come with facts.
Starting point is 00:02:19 When we talk to you about the debt and deficits, we get a little back and forth from people, but come with facts. And we tell you exact numbers. Come with facts. Don't come back with, oh, Gary, this, and you Trump derangement syndrome and this and that. Come with facts. What we don't want to hear are the hacks, meaning if your side does everything wrong, you say they do everything right no matter what.
Starting point is 00:02:51 If the other side does everything wrong, you jump all over them. If the other side does everything right, you don't say anything. Remember here, we have a simple thought process. We can't stand any of them. 37 trillion, going quickly to 40 trillion, says it all. It shouldn't be that difficult. But we start with the markets. And out of the box today, we had a job number.
Starting point is 00:03:25 The peeps were out there trying to tell us the jobs number was really good. It was okay. In fact, the estimates were very low, so to beat it was easy. We've been averaging 200,000 plus. They did 130. But on the other end, we're losing all the government jobs. Just remember, Joe Biden lived off the government. they were hiring people left and right in the government,
Starting point is 00:03:59 and it was going on the job's numbers. Remember, Joe Biden's four years was one big gigantic con job of debt deficits and all kinds of lies and fevery, not to mention, God knows how many people came through the border. So, the market, for whatever reason, opened up strong and finished strong. Simple as that. We can pick a few things out not so great, but all we can tell you,
Starting point is 00:04:39 it opens strong and it finished strong. And there are a few things of note, and we want you to listen carefully. Number one, if, if the old highs get taken out, that'd be big news. what do going through old highs do? Well, it attracts more money.
Starting point is 00:05:07 It attracts more money out of the big institutions because everybody is in the money. Everybody is making money. It's simple as that. And as I'm looking at the indices, there's still a little bit of ways. But what I did like this week, they got above the prior three weeks high.
Starting point is 00:05:29 high in spite of what we got out of DC this week, the best news for me is new yearly highs, they're not a lot. But you know what happens if things improve and we actually do break out? They're going to be a crap load of new yearly highs and you jump all over. And we get more legs to the upside. Simple as that. I would like to come out today and tell you I have something negative. to say but when it comes to stocks the usual the housing stocks are still weak other areas are
Starting point is 00:06:09 still weak though they've been coming on and you want to just accentuate where the strength is the other part of the equation today somewhat weirds me out the 10-year yield was up big today 1.16 to 4.510 in the past that would knock the market down. So how is the market having a strong day-to-day with yields very much spiking? Well, there's a thought process of that means economic strength. That is a pretty sound thought process that yields are going up because of economic strength. And as I have said to you, there is no doubt my mind that this quarter is going to be 3% plus. 3% plus in GDP.
Starting point is 00:07:05 But it's going to come from what happened the last quarter. So we'll just keep paying attention. I like what we're seeing. Today also something else is in effect. Some of the mega caps, even the weakest mega caps, had a very strong day. Weak Google was up five in change today. week sales force.com and I mean very weak in the Dow up seven and a half bucks today, 2.8%.
Starting point is 00:07:37 Amazon, as we told you, we thought that was ready to make a move, was up 2.7% today. Apple, the weakest of the week, was up 2.3% today. Let me make sure I get that right. That would be correct. The other part of the equation we want you to know is the big banks. No, they have not broken above a certain range that I am watching right now, but they're getting close. Let me give you some examples. If Goldman Sachs can break above $621, if JP Morgan can break above $269 and change,
Starting point is 00:08:29 if Bank America can break above 45.15. Notice what I'm doing for you here. We're actually given you specific numbers that if price gets above, it would be good stuff. Morgan Stanley, how about 13305? So if those banks go top side, even better. We're also seeing better action. Remember, I was complaining for a long while
Starting point is 00:09:05 about the private equity companies like Evercore and KKR and some others. Well, they're starting to set up also for better. So just letting you know, we are very top heavy on the big indices. I have to throw another thing in. I'm probably going to jinx it. The Russell 2000. I believe we told you about this yesterday. The Russell 2000 broke above the last three months range. In March, I'm going to give you the exact numbers. 2110 in March. It hit 2115 in May. Close the 2131 today. That's small cap 2000. and stocks. Less liquid, but looks like they're going to be on the move too, I think, here. I'm probably jinx in it, as we told you, we tried it a couple of times last year and failed both times. The IWM is the best exchange traded fund for the Russell. So that's good news. And then there's the midcaps. They have not gone topside yet. A symbol for that would be M-D-Y. But they're
Starting point is 00:10:33 getting close also. So on the day, the Dow up 443, S&P up 61, NASDAQ 231, NASDAQ-21, NASDAQ-214, transports even up 237, and you know how weak they've been. So good day. Advanced the clients, pretty darn good and improved throughout the whole day. Was there any not-so-great things? Well, I can tell you, Broadcom was down 13 bucks today on their earnings. It opened up, only down about five or six, but kept getting sold off. Didn't affect the semis, though. They were up today. Up next, we'll keep delving into the markets. And 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,
Starting point is 00:11:45 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 888-4-2-2-2.
Starting point is 00:12:20 $8.5.59. That's 888. 422. 5559. That's 888. 422. 42559. 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. 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
Starting point is 00:13:27 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. Here's a quick podcast for all you true crime fans. The case of the missing Reese's. It was me at the store with my mouth. Motive?
Starting point is 00:13:59 Um, they're Reese's. What was that going to do? Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow, that had everything. Rees, suspense, reases. I earned my degree online at Arizona State University.
Starting point is 00:14:22 I chose to get my degree at ASU because I knew that I'd get a quality education, they were recognized for excellence, and that I would be prepared for the workforce upon graduating. To be associated with ASU, both as a student and alum, it makes me extremely proud and having experienced the program, I know now that I'm set up for success. Learn more at ASUonline.asu.edu. 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.
Starting point is 00:15:00 Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge. I'm going to give you another financial, American Express, a move above, let's call $303.65. That would be just another big name. And by the way, that one's in the Dow.
Starting point is 00:15:35 So just letting you know. whatever is doing the trick is doing the trick our markets are setting up for higher and how do we know this because pullbacks have been nominal they haven't lasted long they have been bought up and that is with some not so
Starting point is 00:15:57 great news it was somewhat of a newsy week again somewhat a wild week on the good news front is they keep telling us how great the deals are going to be and we're going to talk to this, whatever and that. I must tell you, it's not about losing patience, but I always worry, what do we tell you about the boy who cried wolf?
Starting point is 00:16:22 They told us two weeks ago this week. They told us the beginning of this week, this week, that they were going to be announcing deals and there's no deals. They also told us the United Kingdom was a trade deal. No, it wasn't. they said the European Union was it no it wasn't that's not a trade deal
Starting point is 00:16:38 so let's hope they are not snowing us from a bunch of people that are pretty good at snowing us that's going to be big time watched in the weeks ahead I do hear that on June 9th our trade people are going to meet with the Chinese trade people
Starting point is 00:16:59 and we'll see how that goes I got a lot of questions from all you. So we're going to do some question and answer time here on some individual stuff. The first one was, and the biggest one was Tesla. Because in case you didn't know, Tesla, let's see what it did yesterday.
Starting point is 00:17:25 Tesla closed at 332 the day before and finished at 284, was as low as 273. So down about 48 bucks. Today, Tesla finished up 11. What do I think? Well, I don't know the outcome on the TIF. The president was threatening to take away subsidies and contracts and all kinds of stuff. I just don't know.
Starting point is 00:18:08 What I do know is, as I look at the stock, technically, it's a mess. It trades like crazy. Insiders are selling, and their card numbers stink. I can use the word stink. The car numbers stink. The talk of the town on Tesla from the analysts is the robotaxis and robots. and things like that. Well, I think there's a lot of prayer going on for that.
Starting point is 00:18:46 If there wasn't some of that, I think the stock would be $150 right now. And I mean that. It closed at $2.95. Just on the cars alone. Just on the cars alone. We're not going to tell you what to do. You get to decide.
Starting point is 00:19:05 It was up today. Finished up a little less than 11. and did hit a high up 22 and could not hold it, and we'll see what next week brings. We'll get into the tussle a little bit later on the show. We also got a bunch of questions on Palantir. Well, in case you don't know, the story goes, Palantir has a decent amount of business from the government.
Starting point is 00:19:34 And there's been a big article out this week that the Republicans are pissed off at the company. They've been accused, and we don't know if it's true or not, of taking down all our data, that they know all of us and our names and Social Security, all that kind of crap. So the stock got hit pretty darn good yesterday, back up 6% today. What I can tell you is it's a little bit above the highs of February, and it's a very wide-swinging range bound over the last.
Starting point is 00:20:08 for five weeks, got back up above an important moving average today, but still in range. But that was a pretty darn good day. Best way I can explain, Palantir. We're also getting questions on, you know what we get the questions on, right? What's hot? That's what we get the questions on. So the latest little hotness was an IPO that came out. Circle Internet Group.
Starting point is 00:20:45 I don't know what price the deal was. I should check that out. But it's Enfuego. And I'm about to look what the price was for the IPO. Do do, do, do, do, do, do, do, do. It'll come up any second, I promise, I swear. Circle. $31 IPO opens at $69, closes it $107 today after hitting $123.
Starting point is 00:21:15 I guess they're into this stable coin, digital currency, this, that, and the other thing. I don't know. Numbers look good this quarter. People are asking about it. I just don't know. I don't have an answer for you. Anytime an IPO comes out like this, we put it on our screen and we'll pay attention to it and see what comes of it. But we haven't touched it because we can't figure out exactly what the hell they do.
Starting point is 00:21:50 But I will figure it out by the weekend. Symbol C-R-C-L. Needo. And we get the usual questions on the nuclear because it's getting hot. and the quantum because it's hot, and we'll just tell you the same thing over and over again. They're acting well, they're being bought. A lot of them have no sales.
Starting point is 00:22:15 So just careful. If they get unhot, they'll all go back to where they came from, and you'll lose your butt. Simple as that. And it's interesting how so many have no sales in that area. But boy, oh boy, they light up like a pinball machine. And I do see some of them have six and seven billion dollar market caps with no sales. How many stocks have we talked about throughout the years with no sales that ended up going back down 90%.
Starting point is 00:22:59 All of them. Maybe this one's different. Maybe quantum is the big thing and nuclear is the big thing. but somehow I think big companies are going to benefit companies with no sales. I'm not so sure of that. So just letting you know. Gold, rough day today. Strong dollar.
Starting point is 00:23:29 Range bound. I think four or five weeks ago I said I thought it was going to go rangebound. That's exactly what's happened. The gold miners broke out and tucking back in because of it. Up next, more on the markets. News of the day. News of the week. this is the one only investor's edge.
Starting point is 00:23:46 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.
Starting point is 00:24:23 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 cake 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.
Starting point is 00:24:42 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 fast. 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. Reese's peanut butter cups. They go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you.
Starting point is 00:25:18 Hello. Look, I'm not here to judge. what you listen to. I'm here to judge you for not eating Reese's while you listen to it. Reeses. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. On Deck is built to back small businesses like yours. Whether you're buying equipment, expanding your team, or bridging cash flow gaps, On Deck's 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, On-deck delivers funding you can
Starting point is 00:25:53 count on. Apply in minutes at on deck.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. 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. And what once again to Investors Edge. think I'm not 100%. Let me just say, I don't know if they have bottomed or not, but they're certainly trying, and that's the oil stocks. They are so much weaker than the rest of the market,
Starting point is 00:27:06 but they are tone is better, and it's certainly helped. They have been an anchor on the big indices. Now they are a little bit of a help. And by the way, I hear some of the smaller oils are in the Russell 2000. So I just want to let you know about that. I mentioned the big banks, the semiconductor stocks, in spite of Broadcom, were actually up today,
Starting point is 00:27:36 but I do believe there's work to be done. But some of the equipment guys that are important, like KLAC, moved above a little range. that's open to let's see what happens in the next couple of weeks do not forget that in the third week of July comes earning season and that's where we are up earlier by an hour or two and done working an hour or two going through numbers
Starting point is 00:28:08 but more importantly going through guidance and then most importantly going through the reactions because we've seen good earnings sold off We've seen bad earnings bought up. You just don't know where it's going to come from. We're always careful about playing right before earnings. I'm always amazed. Somebody upgraded Broadcom yesterday. An analyst.
Starting point is 00:28:39 I'm like, what does it matter with these people? Anyway, upgraded it and stock was down 13 today. I don't understand people why they would upgrade a stock the day of earnings you got to be Karnak the Magnificent to know what a reaction is going to be
Starting point is 00:29:00 on earnings report for me I think it's movie a stupido well what can I tell you moving forward what are the wild cards well we have discussed this quite a few times.
Starting point is 00:29:22 So let's do some ifs. If the president decided to go back to the maniacal tariffs, I believe the markets will crash. No, crash. There is thought process, though, that every time the market gets hit, that he will change his mind. Well, that's what the motive. operandi has been, we'll see. But if he did, I think it could be a problem. That's still a wild card
Starting point is 00:30:13 that's out there. And we do not want you to forget of very importance that the president did not tell the truth when he told the world that tariffs are paid by other countries. He actually undercut his own, not telling the truth, by going after Walmart for raising prices. In case you do not know, tariffs are a tax on the companies and the businesses that bring in the product, paid to the Treasury, and then decision made on whether to put it upon the consumer who would be the buyer of that product.
Starting point is 00:31:03 Do not forget this. That is why the markets crashed. The markets crashed because they were going to tariff every freaking country and some big tariffs on some places where there are companies that get 97% of their product from, like apparel, and sneakers. That's why you saw companies. Let's see, I'm going to pull one out of the bag. How about on holdings? On N-O-N. 64 down to 34, sports shoes they sell. And the list goes on and on and on. The good news is the crash made them change their whole stance. And of course, the people that back them have already forgotten it. They're trying
Starting point is 00:32:08 to give it cover. We will not give it cover because if he ever goes back to it, all hell is going to break loose again. That will be a wild card. This week, do we have another wild card in the not too big, not so beautiful bill? Well, I'm not so beautiful. Well, I'm not. a couple of things. If the bill passes, I don't think it's a big deal near term. It's just going to be another $2 trillion a year of debt. Longer term, there'll be repercussions. But I don't think near term would be. The bill sucks. The Republicans are conning their own people that voted for them. They're using the excuse of, oh, growth will cure everything, but that's not the problem. Growth will increase receipts to the Treasury. It's the size of the government and the yearly spending
Starting point is 00:33:25 of the government. That's the problem. Republicans for four years whined and complained about Biden, supersizing, debt deficits, and the yearly government spending. Republicans are adding to it and lying about it. Their favorite line is we're cutting $1.6 trillion over 10 years. That's after increasing it $20 trillion. You're catching my drift? They are liars. and I would say it to every one of their faces.
Starting point is 00:34:07 And you, all, that were also railing against Biden, should be pissed off from all of them. They are going to grow the government to where it's doing $8 trillion, $9 trillion a year, of spending $10 trillion. The size of our government is going to be up 75% from 2019 in the next year. And what really irks is what a wonderful opportunity they had here to be heroes. And they have given us the middle finger. Those that care about the future of our children and their children, you were just given the middle finger by the party that promised to do something about it
Starting point is 00:35:03 and are now playing three card money with it. and I am guaranteeing you if this bill passes the next year we're going to have a $2.5 trillion deficit $2.5 if nothing changes now we can get better growth
Starting point is 00:35:26 gee gosh it'll only be $2.2 trillion deficit you catch in my drift and believe me we take no joy in any of this. Rand Paul is our hero. He's speaking up.
Starting point is 00:35:56 There's a couple of others are heroes, but they're being treated like outsiders by the people really run in the show. Imagine people that have an interest in debt and deficits and the balancing of their, checkbook. They're the ones that are being told to us that they're the bad guys. We know different. Not opinion. You can't argue numbers. That said, they'll just be more debt.
Starting point is 00:36:46 Up next, we'll take you to the weekend. This is the one only investor's edge. 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 stomach kick every day. Or I'm constantly feeling like gassy.
Starting point is 00:37:49 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.
Starting point is 00:38:20 Reese's peanut butter cups. They go perfectly with music. Podcasts. And welcome back to the show. Even nature sounds. Oh, and the thing where someone crinkles tissue and whispers at you. Hello. Look, I'm not here to judge what you listen to.
Starting point is 00:38:38 I'm here to judge you for not eating Reese's while you listen to it. Rises. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. Cashflow crunch. OnDec'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 ondeck.com. Funds could be available as soon as tomorrow. Depending on certain loan attributes,
Starting point is 00:39:14 your business loan may be issued by OnDec or Celtic Bank. OnDak does not lend in North Dakota. All loans and amount subject to lender approval. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!
Starting point is 00:39:31 Investors Edge with Gary Culpa. And welcome once again to Investor's Edge. You know, I forgot to talk about one other question. I've been getting a lot of recently. And don't I think there's great value in marijuana stocks? Really? I don't know where that's coming from because then I decided to look at some of the marijuana stocks
Starting point is 00:40:21 and they really haven't moved. Let this be a lesson. Back in, I don't know, what was it, 18 and 19, these things were hyped like there's no tomorrow. And what did we say to it? We told you at the time, be careful, be careful, be careful. Canopy growth has gone from $600 down to $1.70. That's just one of them.
Starting point is 00:41:03 Do I need to say any others? Aurora Cannabis, $1,400 down to $5.72. We were watching some of these marijuana stocks. let's see how we can do this 54 million shares outstanding on Aurora cannabis and it was trading it at the high
Starting point is 00:41:35 1400 catching my drift well it only has a market cap of 313 million dollars now obviously it was worth a lot more and obviously the stock is not performed. Just remember the one plus one equals two syndrome. It's the same thing we did with Beyond Meat.
Starting point is 00:42:07 With Rivian and all kinds of crazy valuations. Rivian came public within a couple of days, had a $180 billion market cap with no sales. The market cap was almost as big as GM in Ford who had $2,000, 160 billion in sales. What did we tell you what happened to Rivian stock? Eventually, it did. Beyond meat. Beyond meat, what did we tell you back then? How much proliferation? Notice the big word was there going to be in plant. Well, how much? Well, the stock has gone from 200 and Then 21 down to three.
Starting point is 00:43:01 And then back to the marijuana stocks. It's just one plus one equals two. You're competing with your cousin who lives three blocks away and doesn't charge your tax. And his stuff is better. And by the way, there's a big market for it. But, nah, wasn't going to happen. Too many companies sell in the same. thing, we told you so. And we don't know what happens from here. We do remember every time
Starting point is 00:43:39 somebody passed legalization, they popped up for a little bit and then went right back down. And we do know there's a market. I still remember when I was in Aspen, Colorado. It was not too late, but the town was shutting down. And we were walking around and we saw one store that had a ton of people online and we thought they'd probably sell an ice cream with stuff no it was marijuana and man oh man it was like the ritz cartler marijuana the guy was wearing one of these i don't know laboratory coats everything was placed so nice so there's a market but the marijuana company's just no way so when we find fads and crazy we let you know and right now we think the crazy is in quantum and nuclear but we don't know when
Starting point is 00:44:48 they'll stop we've seen plenty of stocks keep going and going and going before they croaked but the bottom line is and very simply if they continue to have no sales they will go back to where they came from on the week The Dow was up 1.17%, not that much, but okay. The S&P was up 1.5%. The NASDAQ was up 2%. The NASDAQ 100 was up 1.97. I believe the semiconductors 5.88.
Starting point is 00:45:25 That be the big winner. And I do believe the S&P is now up for the year. It took to June to get it back up, and let's hope it stays up. I think the Russell 2000 is still down about 5%. I think the Dow is about flat and I think the NASDAQ's about flat on the year. Give a take. So good to be back. We thank President Trump for getting rid of those moronic, imbecilic tariffs,
Starting point is 00:45:58 and let's hope they are not revisited or else. There's an election next November. Of course, the biggest question I got was the Elon Musk, Donald Trump, whatchamadugie? I don't know. Just sheer insanity. A president threatening a person and his business. Sorry. Can't help you with that.
Starting point is 00:46:33 Elon Musk having an opinion that we have on the debt and the deficits. We're cool with that. So I'm glad we're under the radar here. we're glad the president doesn't know me because we're completely against what they're trying to do with the size scope reach of government the spending the debt and deficits of government it's the same thing we complained about four years on Joe Biden
Starting point is 00:47:02 and we'll keep complaining about it on Donald Trump if this thing gets passed the hope is the Senate wakes up and does better anything is better on that end you'll have a great weekend 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 they will be well thanks for joining and just remember we're on your side
Starting point is 00:47:28 peace out all good night this has been investors edge with Gary cult bomb on BizTalk to listen to past episodes or to get in contact with Gary go to Gary k.com that's Gary kay.com Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands, and their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.
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