Investor's Edge with Gary Kaltbaum - The shortened week in review [07.05.2024]

Episode Date: July 5, 2024

https://garykaltbaum.com/

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That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. 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 Colbom, your host. A thanks of being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's July 5th. It's a Friday, July 5th. And it's a Friday. July 5th. at 519 a.m. this morning. Reese Daniel Coltbaum was born 20 inches, 7 pounds, 2 ounces.

I am a grandfather for the first time. I don't feel like one, but I am. So it's a battered day in the Casa Day cow pound. and I'm very depressed. I want you to feel for me because I have been very much under the weather. So when we found out that my daughter-in-law was going into labor, my wife flew up,

they would not let me fly up because you can't be around the baby when you are sick and under the weather, and you cannot be around any others when you are sick and under the weather because the others cannot see the baby. So I'm here stuck in Florida while what they're doing is sending me pictures and videos of Reese, Daniel, Colbaugh, and I can't see him.

But is a big day here. I am going to rest up, relax, take it easy, get better, and fly up midweek. And I must tell you, those that know me know that, let's just say I cried a few times today. It's pretty cool. And I actually slept through, I guess at 519, I'm getting all kinds of texts and FaceTimes. I slept through the whole thing. I woke up at 715.

I looked at my phone. It said 112 messages. 12 and that was that. So a new era. The amazing part about this is I still remember this show with my son Aaron and my son Eric where when they were young kids, we used to give out prizes, cash prizes, to those that would call in and sing happy birthdays on their birthdays. and we used to get country western bands and boy bands and we had somebody that I got to tell you I thought it was Aretha Franklin and now my son

is now a father So I don't drink In case you don't know I don't drink alcohol And when I say that This year we are in July I've had one, two, three, four, four drinks this year. And I think that's a, yeah, I'm beaten last year.

That's how much I drink. But tonight, I may have to get a bottle of Dom. I'm by myself, everybody left. And knock a couple down. Anyway, hope you had a great July 4th. Everybody left me. So I was by myself and Winston, and there were great fireworks outside our house. And my dog was shivering the whole time.

He got very nervous. That was my evening. And then today. And that's that. So I hope you had a good July 4th. We're now in the weekend where I am going to be resting up. We have always lots to cover. In case you don't know, this is serious talk on everything that affects you.

We do not screw around here. We are serious talk on the markets, the economy, what the Morlocks in D.C. are doing to us. What's going on in the lion's sack of crap Biden administration. and much more. 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 Twitter feed, which is now X.

And if you don't follow us on X, you probably should. And if you'd like to email us, all you've got to do is be nice. And I say, lion's sack Biden administration, because he's running the show right now. Simple is that.

And I must tell you that he just did a, 15 minute teleprompter speech, I caught 11 lies in the 15 minutes and I wasn't paying that much attention. So we're just sick and tired of this guy. Again, we have no bias. We're not a Republican. We're not Democrat. We just want somebody in there that believes in we the people. If Trump wins, we hope he changes from his last four years. And you know what I mean by that, become presidential. We hope he stops spending like he did back then, debt and deficits like he did back then. Right now, just so you know, you may not know this.

And we're not a big believer in polls, but we have a good feel for things. He's beating Joe Biden handily right now. If the election was today, he would win. Pennsylvania, Michigan, Georgia, Arizona, and that means it's a party. That's it. You don't even need to go further than that. Which let's get it out of the way. There are three words that are going to define whether this Marxist control freak in the White House stays in or goes. out. He's doing everything possible outwardly when he gets out there to stay. I'm in. Nobody's moving me out. Nobody is shutting me out. But there are three words that matter a lot more than what anybody says, and that's follow the money. There have been some high-powered big dollar donors say they're not getting our money unless Joe Biden is out.

If that starts to metastasize, notice the big word, he will have no choice. As of now, he's got a little choice. He's doing an interview with George Stephanopoulos tonight. That should just be stand-up comedy. George Stephanopoulos, in case you do not know, and I don't know how these guys become what they are. He was the main guy in protecting Clinton from the rape and sexual abuse and harassment accusations. He was the main guy that was going after Monica Lewinsky and calling her a liar, making the whole thing up, you know, women first. He was the main guy running that whole thing.

And how does he get penalized for that? Oh, he gets a job running ABC News. don't you just love politics anyway so he'll do an interview with Biden tonight hey Joe so do you like chocolate of vanilla ice cream what are you watching on TV tonight oh those are nice shoes you're wearing that would be normally but you know what's going on in the media now

in case you don't know the media you know the corrupt media that follows each other and colludes with each other they're all out to get Joe Biden now The front covers of the economist had like a walker on it showing Joe Biden, you know, representing Biden. A bunch of op-eds in the lefty-rag newspapers against Joe Biden. So they're all against them. I don't think that moves the needle.

Follow the money. Just letting you know. That's the story as we head. into the rest of the summer, I will, I must tell you, Trump on the smart side recently. And trust me, he's not that smart. He's actually, he's opened his mouth a couple of times because he can't help himself, but mostly he's just let things play out. And that's actually smart.

Let the tigers eat their young. that's smart. Let things happen. That's smart. I must tell you, though, if I were Trump, I'd root for Biden to be able to stay in. Just letting you know. That's my take.

We'll see how it plays out. Again, we cannot have four more years of open borders and massive debt and deficits and stupidity. You know what I think of Trump? No fan. But if he wins, we got a binary choice. The hope is low taxes. Less regulations.

Get the hell out of our way. Better chance with him than buying. Up next, the markets is the one only Investor's Edge. Hi, I'm Gary Kalpom, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people. We manage investors' money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed.

We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complementary portfolio review.

The number to call is 888-4-22-5-59. That's 888-4-2-5-59. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through call-bomb capital management. 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 stretched 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. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com Code Comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as,

podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com.

Spreaker, because if you're going to talk to yourself for an hour, you might as well publish it. 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. And walk once again to Investor's Edge. Let me just repeat and we'll move on. The better chance of just getting the hell out of our way is Trump. Joe Biden is a Marxist control freak. Rules, regulations, fees, fines, mandates, taxes,

giveaways. Control. At least we know with Trump, the regulations and taxes will stay moderate to lower, getting out of our way. As you know, we think tariffs suck. There is no way Trump's going to pull that tax. He's proposing these tariffs. He'll never do that because all hell would break loose. And I think he knows it.

I think that's just the gaming, just like the markets. just so you know last October 26th the 10-year yield topped October 27th the stock market bottomed since October 26 the last year the Fed has done nothing so all the talk the Fed needs to do needs to do that needs to do this needs to do that needs to do no just go away as I have stated we don't need a central bank they don't do anything just damage

the damage they did with printing to $9 trillion the distortions they created the bubbles they created the inflation they created that inflation ain't gone away they don't get any blame because they're not elected so there's no

nothing to gain by going after them so you blame the administration You got everything to gain by blaming an administration, elected officials. So just letting you know the market's been working. 10-year yield, we're talking bonds, on their own. If that changes, we'll let you know. Next, 1999. That was a year for the record books.

In 1999, I believe it was, around November. In fact, it was October 28th and then October 29th. The NASDAQ broke out of range at 2924. It was drifting higher for the year before. It broke out at 2924. We had already had major moves in Internet and select few technology stocks from 2,924 breakout, unbeknownst to all. We went from 2924. This is the NASDAQ index, not a stock. 2924 to 5132 on March 10th. November, December, January, February, four months, and change. 70-some-odd-percent move in the NASDAQ. And as it moved up, fewer and fewer stocks were doing the job. How do I know? I think I have spent 1,000 man hours studying it. About 1,000. What is that about 40 days total? And we are letting you know under no uncertain terms that we are not saying we're getting 1999, we are saying everything that's happened so far is acting like it. And as we have stated to you, narrow and narrow. Today the Dow was only up 67, NASDAQ 164, NASDAQ 105.

With the NASDAQ up 164 and the NASDAQ 100, 205, the advanced declines on the NASDAQ, they were negative. up 30, breaks out. I don't know, two, three-month range. Volume heavy. And no, we're not telling you to buy cell shorter cover. And let's call, let's see, the high was 524 on March 8th. The high was 531 on April 8th. Broke out of both today.

Volume was 45% better than normal. Microsoft was up 7. By the way, these are mega caps. Apple up almost five. Apple breaks out a big base at 200. It's already 226 up 13% in five weeks. Amazon, New Yearly High. The top seven stocks in size are 33% of the S&P now.

What? Yeah. Do you know what they are, the NASDAQ 100? they're up to 47% of the NASDAQ 100. Narrow. Now, as you know, and we're very careful with our words, we just let the market take us, so guess what we only own?

And it's been fruitful. But it's getting narrower by the day. You can now add Tesla as that woke up in the last week. Now, it's not just seven stocks. software's been better. In fact, the IGV finished in a new yearly high today. That's Microsoft and other names.

We're just letting you know on a percentage basis. Now is all hell. We did a webcast today late in the day and sent it out to our peeps showing the oils. The transports, rails, truckers, airlines. Auto dealers, managed care hospitals, a bunch of the retail, auto parts,

building, construction, housing. What about them? That's next. And this is the one only investors edge. 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. There's zero shape 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. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card.

Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you. expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like,

sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousins swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for well more microphones start your show today at spreeker.com spreeker because if you're going to talk to yourself for an hour you might as well publish it.

We're listening to America is talking. Investors edge. He's got to be pleased with that. The crowd is just on his feet here. He's a Cinderella boy. With Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him.

So, what are the oils? the auto dealers, payroll companies, managed care, auto parts, a bunch of the retail, transports, rails, truckers, airlines, hospitals, housing, housing related, building, construction, machinery, industrials, Mucho commodities A bunch of the restaurants Other sundry things up solars

They've been trying to tout you on solars forever China What do they have all in common Part of the Big List of areas in stocks That are in downtrends While the

NASDAQ and NASDAQ 100's trajectory are pulling a 1999 right now. And if anybody was in my office watching as I watch, you'll see it in real time how the money out and into. And as I watch, and as I watch on a daily basis, fewer and fewer, less and less. Now, does that mean 1999 come? Nope. It means, though, it's certainly showing that way. But if the broad market can stop its ick and get going would be a help. Oh, did I mention the midcaps and the small caps? Act like crap. It's the big caps. It's the mega caps doing the trick. But I will say this. Software has been playing catch-up. And needed catch-up. What else do I got for you?

We mentioned recently gold playing, starting to work. Coming up the right side, gold and silver now. We'll see how far that goes. Crypto! Well, we've had a thought process on crypto. Nothing to do. you can avoid right now. That's all we said.

Why? The roadmap. Trading below. Moving averages. Worsened over the holiday. Down to, at the close today, the lows of May 1st. The I-BIT, which represents the Bitcoin, has gone from 41 to 3221. Let's call that $8.000.

About 23%, not the end of the world, but still down 23. I have noticed the Bitcoin tout artists lowering their tone a little bit, but it's no big deal. Everything's fine. Don't worry. All good. I'm still waiting to hear from these people. What's the reason for Bitcoin up or down?

they can't tell me except to say well they there's a certain amount of coins what about earnings oh there aren't any earnings what about sales oh there aren't any sales oh okay thank you so we're just letting you know as always we're not telling you to buy sell shorter cover but we're going to tell you if it's in a bull or bearish phase and the crypto is in a bearish phase right now of unknown time and price if that changes will let you know but over the last few days it has worsened it has worsened next we've been getting a lot of emails

on our commentary on the Trump stock and as we always say we have to because we know how you know it is out there nothing we say about the stock is political what we do here is protect capital

as much as we can and we warned you when it went to $79 that this stock is not worth $10 and we didn't even have to give an opinion 170 some on million shares outstanding at $10, it would be $1.7 billion market cap valuation with less than $4 million in sales

and sales have been going down year over year and they lose a ton of money it's down to $29 now. People were thinking after the debate it would skyrocket. It's done nothing but go down. So we're just letting you know, sometimes you just got to take a little step back, get out of your own head,

and ask yourself, would I buy a company for $1.7 billion that has $4 million in sales? Hell no. Now, there are, companies that get bought for $1.7 billion with no sales, they're usually a biotech with a drug in trial. Not this. And they've shown no ability to grow the company either. So just let you know, and full and fair disclosure to protect me, we did it on Beyond Meat, we did it on Rivian, we did it on Peloton, we did it on all kinds of asinine valuations in the marijuana

of stocks. So we have no bias. It's just that we get a ton of emails because President Trump, and I guess ex-presidents still call president, is in the news every day. And is the chalk now to be the next president for the next four years? He is the chalk. It's a long way to November and you never know what's going to happen. The presidency is for Donald Trump to lose now. You never a coast, but if I were him, less is more. But I'm not him. Anything else in the market that excites me? Well, as we mentioned, gold and silver may be emerging, but it's just kind of turning the corner. Software, and just that other stuff, it's narrow. Semiconductors, Mega Cap Tech

The Big 7 Not much else after that There are things that are fine The big banks But they're not really What we call Umpf Big umf

Now I do know the new yearly high list Picked up on the NYSC today I've yet to look I'm going to see what I can find But as I do my own scans, wasn't finding that much. Just the names we have mentioned. And I gather a lot of the new highs today are going to be some of the indices ETFs. And you know what? As I look, yep, that's exactly what's showing up. Like the India fund, a bunch of S&P funds, and there's a bunch of those.

On an individual name, Walmart, Taiwan, semi, Oracle. This is the New York. Apple, Amazon, Reddit, New York Times at a new yearly high, Google. I can't wait to scan this sucker tonight. Costco. So I just want to repeat again, as narrow as narrow can be. Very concentrated. The concentration gets bigger by the day because the money keeps flowing that way. In the semis, a little mixed bag, but arm holdings.

New high. AMD may have stopped going down. Up next, news of the day, whatever else today. I'm Gary. This is the one only investor's edge. 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-drop fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected.

This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purpose. Purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet?

Terms apply, lounge access is subject to change. See Capital1.com for details. This episode is brought to you by Spreker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, Sorry, I can't talk right now. I'm editing audio.

If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at Spreker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. You're listening to.

What are we waiting for? Well, what are you waiting for? One, two, ready, go. Investors Edge with Gary Culper. And welcome once again to Investors Edge. It's me, myself, and I this weekend with my dog Winston. Oh, I'm looking at a video of my grandson now. I'm going to cry.

Let's pick a few things apart as we move forward. Just things to ponder. Things to think about. As we tell you at the outset of the show, this is a show about you and everything that affects you. The markets, your money, your job, your industry. And we do that because imagine if you live in California. there have been several prominent restaurant chains that have announced the shutting of their doors because of the economic impact of what a government has done.

By the way, today California raised the gas tax again. The highest in the nation affects you and your money and your job. Imagine if you are one of those franchisees who started at your fast food restaurant flipping burgers and then became assistant manager and then manager. And then you asked for one of the restaurants and they gave you one. And you were so successful, you ended up with 20 of them. And then the state comes in and says, up yours. you are paying your people, even if they're in high school, $40,000 a year, amongst everything else you have to pay for.

Drop dead. What do you do? Well, we tell you what people were going to do. They were either going to raise prices, if they can, less man hours, less people, or enough's enough. Well, go read the stories in California of Enough's Enough. Affecting you, your money, your job, your industry. You do remember years ago them shutting down coal in places like West Virginia.

People losing their jobs. yet they came and said, don't worry, we'll find you jobs. Oh, really? Government's going to find you jobs. Sure. That didn't happen. But what I would like to bring up here is something that

I don't know why it just passes by because it shouldn't. Part of Joe Biden's 15-minute teleprompter speech today was something he has been repeating often. And this is about you and your money. Without using four-letter words, he basically could have used four-letter words on tax cuts. Imagine whether it was Ronald Reagan or Donald Trump, tax cuts.

Imagine a president of the United States saying to you, each and every one of you we know you're working hard we want you to keep more of your money we are lowering your taxes instead of you paying this you're going to pay this less

and maybe it's a thousand bucks but it's your thousand dollars maybe it's five thousand it's your five thousand dollars you earned it Joe Biden stood up there today with glee orgasmic glee

where getting rid of the Trump tax cuts I just want you to think about it because we start the show again everything that affects you and your money and the markets and your job and your industry

that this man wants you to keep less of your hard-earned dollars, just that in a nutshell, and is vociferous about it, while, by the way, spending us into oblivion. Thus, as we've said, the con, I just want you to think about that. Just that one thing, because again, We start the show and things that affect you. No gray area here.

You are not going to keep more of your money that the last guy gave you. Tough crap. You don't like it. Eat crap. But don't worry, he says, if you make $400,000 or less, you're okay. because that's the magic number. So if you make over 400,000, you better make 395. Make less.

Of course, that's the lie. In order to get rid of that hole, it all goes away. He'd have to come back with more tax cuts for people under 400. So we're just letting you know, in real time, things that affect you and your money and your life. Have a great weekend. Drive carefully when you get home, do like we do. Celebrate I'm a grandfather.

And make sure you hug your children. Thanks for joining. Peace out. Be back Monday. Stay well, be well. Serenity now. 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. That's GaryK.com. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed 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. Don't settle for less. Go to Tommyjohn.com today for 25%. off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital,

One Venture X card. What's in your wallet? Terms apply. Lounge access is subject to change. See Capital One.com for details.