Investor's Edge with Gary Kaltbaum - The Wake Up Call!

Episode Date: June 2, 2022

More Info At: http://garykaltbaum.comMore

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 investors edge with gary coltbaum straight talk about you and your money now from the biz talk studios here is gary cult bomb and welcome

once again to investors edge i'm gary colpom your host a thanks for being with us today glad you're here ladies and gentlemen happy that you are listening it's june second two thousand and twenty two It is no longer the cold and flu edition of Investors' Edge, but the COVID edition of Investors' Edge. I found out I had COVID last night. Probably got it from the Paul McCartney concert I went to Saturday. And let me just say this to each and every one of you. as you know throughout all of COVID

regardless what anybody was saying thinking doing and the politics of it regardless of all of that

I told you specifically I'm airing on the side of caution during COVID I hung out I still wear masks in places I go to. But at the McCartney concert, I was outdoors.

And boom. So let me just say this to you. I was crushed last night. I got so weak. And my throat got so... You don't see it. Usually when you see your throat inflamed. The pain in my throat.

I couldn't sleep last night. Akes also. Don't get it. How's that? That's my best answer to you. Don't get it. I saw some idiot today. Somebody said something about masks.

And some idiot was saying, oh, we're wearing masks. Just there on the side of caution and don't get this. The good news is, What I have, they say goes away within 5 to 10. They put me on a steroid pack, some cough stuff. I'm doing the Advil, Tylenol thing also. I do radio from home, TV from home, and that's that.

I definitely feel better during the day. It'll be interesting to see how I feel tonight. And that's it. After all this time, your handsome and buffed host got COVID. And that is all. And I gather I sound a little scratchy. All right, back on point. This is a show that we try to guide you through the markets.

Stay one step ahead or in lockstep with no bias, with no agenda, with no ulterior motive. As we always tell you, when we do our scans, we drown out everything. We drown out every opinion, every news item, every story, and just follow a roadmap. That's it. of bull and bear of tops and bottoms of leadership and laggardship of turns what do you mean by turns you're in a downtrend you turn into trying an uptrend it's all we want to do and for months we would just bear market we had one good rally for 11 days back in March That got crushed. Just recently we told you on May 26th that we thought the market put in a good low.

For the past four days, it's been back and forth. And we'll call it crazy back and forth. Yesterday, throughout the day, reversals. today reversals but when all was said and done we've got some more evidence today

that this nascent rally has some more to go and today on nothing no news there were a couple of reports but not in very mainstream names

they litignt diffuse on growth, tech, semiconductors. And maybe it dies in two days, maybe it goes for a couple of months. All we know is we came up off the lows, we sat for a few days, and it feels like, feels like it wants to make the next step. I say that without, on a scale of one to a hundred the trust factor isn't over 50 you just had wild swings you've had wars you've had central banks who don't shut up but we're just letting you know with the close today very good day and when you go through your scans tonight i want you to just notice how the semiconductor index finished above the 50-day moving average, as well as the ETFs.

The NASDAQ, NASDAQ 100, not even close to the 50, but edging above the last four days. A stair step. The S&P. Boy, I'm losing my voice, aren't I? Oh, well. The S&P. The same thing. And then my growth page.

Let me take that back. My bombed-out growth page lit up like a pinball machine today. But I will say this for that growth page. As I scan, it's mostly a bunch of bombed-out stocks trying to rally some. Simple as that. Whether or not that gets going, we'll see. but definitely overall good day the Dow was down 300 early

finished up 400 when the Dow was down 300 the NASDAQ was up thus you knew the NASDAQ had the relative strength today and it's exactly what happened by the end of the day now oil prices

another new high how can the market go up inflation still bad how can the market go up employment figures starting to get troublesome I take that back

employment figures waning how can the market go up ladies and gentlemen counterintuitiveness in the market a crappy economy means thine central banks

potentially will not do the tightening that they say they're going to do. Maybe that's it. Maybe it's that the Mets are so good this year. Even losing players to injury, we don't care. We follow price and roadmaps. A good day today. Let's hope it continues. Up next, much more.

I'll try to get my view. voice back. I'm Gary. This is the one only Investors Edge. Hi, I'm Gary Carlbaum, 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 888-4-5-59. That's 888-4-5-59. That's 888-4-2-5-9. That's 888-4-2-4-2-5-9. offered through Colbaum Capital Management. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question,

because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed

are 95% more likely to report a higher than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75-sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast.

Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed's sponsored jobs. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. 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 once again to Investors Edge, we were going to let Adam do the show today. Let Adam. Adam would have done the show today, but I thought it was an important day for me to do the show. Now the big question is, I have a wedding next week. I have to fly next third.

That wouldn't be a smart move, right? Seven days? We'll see. By the way, I was actually shocked when the nurse said that, yeah, you got COVID. And she said it so matter-of-factly. Just, no, excuse me, nonchalantly. You got COVID. I guess it's a much different attitude towards it now than used to be when the numbers on death were way up there. She gave me a whole tutorial on if this happens, go to the emergency room. So far, bad flu, cold. Actually, I don't even have a cold. Throat, aches and pains, and just, man, felt like somebody took a brick and hit me over the head. Anyway, I repeat, don't get it. It's no fun. Let's spend a few moments on the fall guy, Janet Yellen.

She's a woman, but the fall guy is a figure speech. She's being thrown under the bus. She's still going to be the Treasury Secretary, but they leaked the news that she will no longer be a mouthpiece. Other people will be speaking for the administration because she made the mistake of saying she was wrong. In Washington, D.C., you never supposed to say that. Because by harsh saying she was wrong, guess what?

You're saying the president was wrong. Because what she said in recent months was exactly what he said. So the bus is on top of her. My worries remain fundamentally. Screw the market for a couple of minutes. Because as I have told you, we can go into recession and the market goes up. No, really.

If easy money has been driving the markets, and that's what the markets are addicted to, catch my drift. Fundamentally, oil, another high today. Started off down $3 when OPEC said they would produce more oil. Market shrugged it off. We're now at 472 nationally.

and that's on regular. I paid a week ago $4.99. I gather that's $5.5.5 now. We're talking $300 billion more being spent on gasoline by consumers in business. Then I use the comparison, 2019, before COVID. 300 billion more. That is bad news. That's not to mention all the products

that are made by petroleum, including solar panels. Very worrisome. The idiots in D.C. Want a windfall profit tax on the oil companies now. Not given the crap that they lost billions in the years previous.

What I tell you about the Marxist? party they are Marxists they're no longer socialist remember what a Marxist is control rules regulations fees fines mandates taxes oversight the things that come out of their mouth stunning food prices well I won't be going into a supermarket for a week at least but the last time I was in one we were doing our channel checks Relentless. It's the only word I can use on prices at supermarkets. Relentless throughout the food chain, maker, producer, manufacturer, middleman, seller, deliverer, point of sale, consumer. prices are way up. Just by Economics 101,

the man go down. If the man goes down and stays down, people lose their jobs. The more people lose their jobs, the more people spend less. The more people spend... You see where I'm going with this?

That's what the definition of a vicious cycle is. So call me worried for you. Just remember about four or five months ago on this show. I started out the show by saying, let's talk the economy for the whole show. And we predicted all this. So stay tuned. As I've stated, nothing good happens if this continues.

Not to mention interest rates. Cost the capital. Cost of loans. The only good news? I actually made money on my money markets this month. What a concept. Money markets actually paying you money. So take away the markets for one moment.

These are big issues at hand. And the people that caused it are still in power. Up next. Back to the markets. This is the one only investors edge. All right, quick quiz for the hiring managers out there. What's worse, being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos.

Either way, just say to yourself, this is a job for Indeed sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or, go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs.

And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves. At Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply. Need to hire? This is a job for Indeed. D's sponsored jobs.

Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary dimmer dark vision, headaches and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Volatility is hitting retirement accounts and savings across the country. More Americans are exploring physical gold and silver for added diversification during

unpredictable economic periods. Preserve gold offers straightforward education on how precious metals can be included in an IRA. Text IHeart to 50505 for your free wealth protection guide, and with a qualified purchase, you could receive up to $15,000 in free gold or silver. We're listening to America is talking. Investors Edge. He's got to be pleased with that. The crowd is just on its feet here.

He's a Cinderella boy. With Gary Colbomb. It comes highly recommended. You're going to feel. better if you talk to. And welcome once again to Investors Edge. Thanks for being with us today. This is the COVID edition of Investors Edge. As your host, finally got COVID. Yes, it was probably the Paul McCartney concert. Yes, I had a great time. I'd rather not have COVID. But what does this mean now? I have immunity after this is over.

On top of the shots I had, is that how it works? I got to start looking that up. I guess you get immunity. Hopefully no long COVID. Have you heard about that? That you can end up with a lot of symptoms for a while from it. But I don't know about from this stage. I'm just glad the day's over and I got to tell you as soon as I'm done with radio,

I think I'm going to sleep. It really knocked you. out. All right. So we explain to our worries. And just so you know, that's how it works. It's a vicious cycle. And as I said at the latter part of that thought process, the same people who brought us here are still running the show. And that scares the willies out of me. President Biden doesn't know it and he can only depend on these people they don't have a clue

they brought in Janet Yellen who's the head of the central bank for a while to give her credit she rolled back what Bernanke did to take away that credit she was part of the Bernanke decision making these people don't have a clue do you realize

that little old me a year and a half ago was talking inflation. But Janet Yellen that has every government statistic at her beck and call could not figure it out? That's correct. You know why she couldn't figure it out? Because she's in the soup with Powell and the rest. What have I told you? They think the answer to everything is easier money.

Yeah, let's just keep rate to zero and print more. What if I tell you is the worst thing they can do? Print more money. So when you have this mantra, this thought process, that's your answer, and they're always going to work. You can never get out of your own way. It was so easy to know there were going to be bubbles blowing up. it was so easy to know there was going to be distortions it was so easy to know inflation was coming and her answer was or somebody was defending her well there's no way of her knowing about

Russia Ukraine supply chains that's bull crap the other part of the equation is when inflation was at the doorstep they denied it they denied the whole thing they're still running the show through an intermediary i have been trying to get the word to the president about what's going on can't get through through an intermediary he doesn't understand that his advisors are numbskulls and that's who he has to depend upon he has to depend upon he has to added another visor who used to be with Obama, I think, Spurling or somebody else. Maybe he can go back as far as Clinton with this guy Spurling. The BS spewed from this guy, laughable.

So I worry. Simple is that. I'm worried. When I tell you that they are the opponent right now, I mean it. I take no joy in saying it. That episode of Seinfeld where Jerry tells George, if every instinct of yours is wrong, then the opposite must be right. George starts doing the opposite.

Got the girl, got the job. They may need to watch that episode. This administration's answer to everything. Raise taxes. More rules. More regulations, more fees, more fines, more mandates over you. And don't you dare make too much money? They piss all over success when success is supposed to be rewarded,

not kidding in the teeth. So I worry. And they're doing it in plain sight. Now, what's interesting, I used to say with the media as an accomplice, the media is pissed off at them. Washington Post put out an op-ed totally anti-Biden

others also when I tell you they've forgotten the words we the people and they think they're the end-all be-all not us I read an article or like an op-ed years ago it was titled

300 million verses 435 or 535. That's how many in the house and how many centers. How is it? There's 300 million of us and 535 of them and then we can't get them to do the right thing. It's a damn good question. So I'm worried.

Simple as that. Because I don't know what their next move is going to be. But odds favor, it'll be wrong. 30 trillion of debt skyrocketing prices. says so. And yeah, we know. There's the Russia, Ukraine. We know the supply trains.

But we're the USA. They couldn't figure out how to adjust. We're now finding out with this baby formula thing, the president knew way in advance, sat on his hands. Up next. Ooh, one more segment, I can go to sleep. I'm Gary. This will be...

This is the one. only investors edge. All right, quick quiz for the hiring managers out there. What's worse? Being understaffed or being poorly staffed? Well, that's a trick question, because both are recipes for chaos. Either way, just say to yourself, this is a job for Indeed's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or, go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a higher than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time,

more results. When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. slash podcast. Terms and conditions apply. Need to hire? This is a job for indeed sponsored jobs. Struggling to see up close, make it visible with Viz. Viz is a once daily prescription eye drop to treat blurry near vision for up to 10 hours. The most common side effects that may be experienced while using Viz include eye irritation, temporary, dimmer, dark vision, headaches, and eye redness. Talk to an eye doctor to learn if Viz is right for you. Learn more at Viz.com. Volatility is hitting retirement accounts and savings across the country. More Americans are exploring physical gold and silver for added diversification during unpredictable economic periods.

Preserve gold offers straightforward education on how precious metals can be included in an IRA. Text, IHeart to 50505 for your free wealth protection guide, and with a qualified purchase, you could receive up to $15,000 in free gold or silver. We're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action!

In the guesters' hedge. By the way, I'm looking at a picture at a BP gas station in Chicago. Regular $6.29. Regular $6.29. That's a lot of cake. That's a lot of cake. By the way, this is not to mention currying favor with Venezuela and other nefarious countries. to get oil from there.

So it worries me. Big time. Back with the markets. Today was a very good day. For us, we love when we see growth in technology moving up. Because you can't have a market go up without technology. It's been leading in markets up and down forever. But as I said to you earlier,

trust on a scale of 1 to 100 is not even at 50 because of everything else I mentioned. But that was a good move today. That was a good move today. I have yet to do my scans. I'm pretty sure I'll know what I find. Remember, when wheels go in motion, the 100 stock, you know when I do that with you, if 100 stocks are in uptrends versus downtrends. will you add a plethora of them today make a specific move?

Let's see if it sticks. If it sticks, it's not just going to stick. It'll have some more room to go. And as always, we just take it one day at a time. We do not want to be the guy who says to you, the Dow's going to be at 50,000 at the end of the year. No, the Dow's going to be 10,000 at the end of the year. We don't need to do that.

Others from today. Dollar was very weak, which means commodities with strong gold, which has been dormant again, had a decent day. This seems to be a correlation with a weaker dollar and a stronger market right now. No, not kidding. So, yeah, we're going to tell you to watch the dollar. Weak is good. Strength is bad. But wait, Gary, I thought this is the opposite.

you want a strong dollar well it is strong but the only reason we're strong is because they're weaker than us believe me with the characters in dc so tonight my scanning will be definitively on the 500 growth names and tech and semis and the move they made today and get a feel for stickiness and if it's the case NASDAQ will head for the 50-day moving average which is up above about another 4%

and that's where the fight will be on the socks broke above the 50 day today we'll see what that means remember semiconductors technology

leads markets up and down and that's why we have a laser focus on them and this is not our opinion it's the market's opinion and then we get into earning season that'll be another worry

but that's a few weeks away for the most part we're just wondering about the factoring in of the higher prices If it's costing you more money at the pump, it's costing them. All right, I made it through. You'll have a great evening drive carefully. Don't get COVID.

And when you get home, do like we do, quite simple. Well, I'm not doing it tonight. Make sure you hug your family, hug your children. They will feel better, you will feel better. We promise. until tomorrow. I'll be on McNeil Cavuto between 12 and 2 on Fox Business, and we'll be back here tomorrow if I still have my voice.

Bye-bye all. 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 GaryK.com. That's GaryK.com. Hi, this is Danielle Robey, the host of Bookmarked by Reese's Book Club, a podcast by Hello Sunshine and I.

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