Investor's Edge with Gary Kaltbaum - The war footing week in review [06.13.2025]

Episode Date: June 13, 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 family. store we can't wait to meet you store hours vary by location investors edge with gary coltbaum straight talk about you and your money now from the biz talk studios here is gary cult bomb and welcome once again to investors edge i'm gary coltbaum your host day thanks for being with us today glad you're here ladies and
Starting point is 00:00:51 gentlemen happy that you are listening it is it's friday to 13th i'm not superstitious but if there's any day that defines Friday the 13th, it may be today. We'll get into it. This is serious talk about everything that affects you. We'll do the markets. We'll do Israel, Iran, the economy, your job, your industry, anything that comes to mind that matters. And if you don't get this radio show in your city, we'll post it at garyk.com. We'll post it on our Twitter feed, which is now X.
Starting point is 00:01:28 And if you don't follow us, you should. Oh, we'll also put it on the podcast. apps. And if you like to email me, all you got to do is be nice and respectful, because we will be nice and respectful back unless you're a Hamas lover. Fair enough. Ladies and gentlemen, we've been starting every show doing the markets. Today, we change it up for obvious reasons. Let me explain. We had told you, we had told you that there was a chance. that Israel was going to go and attack Iran and their nuclear wants, and that is what happened overnight.
Starting point is 00:02:23 Let me backtrack to how we get here. In case you do not know, Israel is attacked all the time. They're attacked from all sides. It's been going on for years. my first trip to Israel, I had to go into six bomb shelters. On the seventh, well, I'll explain what happened. The reason why I had to go into bomb shelters is because missiles were being lobbed into central Israel. One time, I was in the Carmel Market, beautiful open-air market in the middle of Tel Aviv.
Starting point is 00:03:14 And we hear a thoop. and somebody says it's a missile and that's the Iron Dome quickly run out to the parking lot above my head a missile was taken out by the Iron Dome
Starting point is 00:03:30 I still have the picture I have posted it on my Twitter feed what was interesting about that nobody was running nobody was scared and I asked some people it's a missile I don't worry about it.
Starting point is 00:03:51 I go, what do you mean? He goes, this has been going on for a while. The Iron Dome works very well. I go, what is Israel going to do about it? They said nothing. What do you mean nothing? They're being attacked. We're being attacked.
Starting point is 00:04:07 Yeah, but, yeah, but, yeah, but. If it gets rough, Israel will do a few things, but they don't want it to escalate. And as long as they're able to take care of business, that's the story there. I was amazed. Imagine living in, let's see, let me think of a place. Imagine you lived in Washington, D.C., and from Northern Virginia, they were lobbying missiles over your head. That's what basically was going on.
Starting point is 00:04:51 And a couple of episodes besides that while I was there, we were having dinner. Tel Aviv, on the beach, there's a restaurant. It was nighttime. And the sirens go off. And we see people rushing into the kitchen because there's a bomb shelter there. But we also see a bunch of people sitting at the tables. And we inquired. The tourists ran into the bomb shelters.
Starting point is 00:05:24 The Israelis were sitting at their tables. So we sat down and ate. Another episode, we were leaving. A Delta flight back to New York. About a half hour into the flight, we were turned back. The pilot said it was mechanical. Terrific. As we were landing, there was about 100 cars all lit up.
Starting point is 00:05:52 As I was walking out, I don't remember if it was a steward or the pilot. And I looked and said, that's not mechanical. gave me a smile. It was bomb threats. Every plane was turned back that night because of bomb threats. That's what the Israelis and the Israeli people have lived under forever. And every now and then it escalates. And Israel gets tough on them. And you've seen that in the last year, especially after what Hamas did. And Israel did a lot of damage. And then it slowed down and stop. and back and forth. You have Hamas that committed atrocities,
Starting point is 00:06:44 and you have a bunch of ass clowns telling them, stop, stop. While Hamas has said, there will be a thousand October 7th. Now, if you're running a country, and you have people that say there's going to be a thousand October 7th, what do you do to them? You eradicate the hell out of them, which takes us to Iran. The Iran is complicit in all this. They run the terror operation and have been doing it for years with dollars and weaponry.
Starting point is 00:07:28 But they crossed the rubricon nuclear. You see, Iran has stated unequivocally that they want to blow Israel back into the sea end the Jewish state destruction destroy and now the international atomic
Starting point is 00:07:57 energy agency has come out and stated that they're about as close as can be Israel has no choice you put it all together and Israel put the hammer down to defend the country and their citizens against a plague of terrorists.
Starting point is 00:08:23 Iran doesn't have a government. They're terrorists. They don't have a military. They're terrorists. And amazingly, the intelligence was so good that Israel took out a bunch of terrorists as well as a ton of nuclear and weaponry. So that was overnight. In the last couple of hours, Iran countered ballistic missiles hit Israel. The damage, don't know yet, did see some buildings.
Starting point is 00:09:00 Markets, we have to segue, took a hit. First thing overnight, futures were down 700. Oil prices up 7,8 bucks because of this. And why would market be down? Well, if oil prices go up to seven or eight bucks. And of course, there's the worry about war getting big time. Not usually the greatest thing, but that's the story of today. Israel defending their country and their citizens.
Starting point is 00:09:39 Benjamin Netanyahu once said, if we threw down our arms, we'd be destroyed. If they threw down their arms, there'd be peace throughout the land. That's true. You're dealing with a bunch of scumbags. You're dealing with a bunch of animals. You're dealing with a bunch of terrorists. First, it was Hamas. And now, the Iranian terrorists.
Starting point is 00:10:11 You know who is the happiest people on earth today? Iranians. They're tired of it. You know what the happiest countries are? on the earth? The Arab countries. They hate Iran. In case you don't know, Saudi Arabia allowed Israel in their airspace to destroy drones before they got to Israel. Saudi Arabia, that's what's going on. How it goes? Don't know. But Israel has the intelligence, the smarts, the deterrents, the deterrents, determination, the defense, and the weaponry to do the job.
Starting point is 00:11:05 Don't know how long this lasts, how far it goes. But boy, oh boy, one hell of a day. Up next. We'll put a bow tie on that, get to the markets. Lots to say. This is the one only Investors Edge. Hi, I'm Gary Kalbaum, hosted a nationally syndicated radio show Investors Edge. We're not just handsome radio people.
Starting point is 00:11:43 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
Starting point is 00:12:07 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 888-4-2-5-9. That's 888-4-22-5-5-9. Investment Advisory Services offered through call-bomb capital management. Hi, I'm Dr. Jay Goodman, host of Beyond the Script.
Starting point is 00:12:43 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.
Starting point is 00:13:17 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,
Starting point is 00:13:41 a podcast from CVS Pharmacy and IHeart Radio. 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? Um, they're Reese's. What was that going to do?
Starting point is 00:14:03 Stop myself. Tune in next time to see if I do it again. Spoiler, I will. Wow. That had everything. Rees, suspense. Rees. Cash flow crunch.
Starting point is 00:14:19 On Deck'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.
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Starting point is 00:14:57 Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. By the way, think about that. Imagine if you lived in New York City and a bunch of terrorists were lobbying missiles from hobo into New York City.
Starting point is 00:15:33 That's what Israel goes through all the time. And then, of course, you have the ass clowns. You know who the ass clowns are, right? Oh, apartheid this and apartheid that. As I have told you, Jews, Christians, Muslims, Sikhs, every race, creed, color, gender, denomination, short, tall, fat, skinny, blonde, brunette, redhead. You name it. Live, work, and play in Israel.
Starting point is 00:16:18 If you were over there, you know, terrorist land, tell them you're gay. If you do, you're dead. But they'll first torture you for it. That's why I'm always amazed. Jews for Hamas. Excuse me. Gay's for Hamas. I'm seeing it a lot. And people get in question, you're gay for Hamas.
Starting point is 00:16:57 Do you know Hamas would murder you if they knew you were gay? I don't know that. What? Let me show you video. Don't show me the video. I don't believe it. It's AI. It's propaganda.
Starting point is 00:17:11 This is what we're dealing with. and that's why I use the term tick-tac-toe. I don't even try to debate these people. Why? You can't win so you don't play the game. Simple as that. Israel's the opposite of apartheid. Loving, giving, caring, peaceful.
Starting point is 00:17:38 But when attacked as a country, you attack back. closed. We move on. So, first off, the easy part. Oil prices spiked today, up five bucks. They were up seven or eight, so oil stocks are up, but not so much. Up some. Defense stocks. Lockheed Martin up 17, Northrop Grumman, up 19. For example, why defense stocks? Duh. Gold. Obvious reasons. What was down? Just about everything else. Some things worse than others.
Starting point is 00:18:39 Why would markets be down 769 on the Dow? 68 on the S&P, 255 NASDAQ, 282 NASDAQ, 100. Even the semiconductors down 137. Transport's 224. Russell 2000 and midcaps had a rough day also. Why would the markets be down? Well, let's take number one. Uncertainty, what happens next.
Starting point is 00:19:06 Number two, uncertainty, what happens next? Number three, uncertainty, what happens next? How do I look at this? Well, we don't rationalize moves. That's the first part of the equation. We don't rationalize it. We know what's happened. but when we do our scans this weekend,
Starting point is 00:19:33 we'll be focused on what we see because when all is said and done, it's not the news, it's how things react to the news. And the reactions we're telling. And we'll adhere to the reactions. Today's the first day I'm able to say to you in a while, oh, we got a bunch of breakdowns.
Starting point is 00:20:02 Not a ton. but enough. And some weird reactions also, which we'll get into in a minute. So we had deterioration today to what extent, not sure just yet. The indices have had a good move. And by the way, when all is said and done today, the QQQ NASDAQ 100 was down 1.26%. The S&P, 1.23%.
Starting point is 00:20:33 interesting which does not happen often the Dow was down 1.77 percent usually when they strife the Dow holds up better but a couple of things happened in the Dow today American Express down 10 in change why I think that may be travel related a little bit Goldman Sachs down 11 well financials pulled in but Sherman Williams down 20 Sherman Williams down 20 Why would that be? Don't know
Starting point is 00:21:07 But I know it was down 20 It was a downgrade But should a downgrade Have something down 20? No So what I look and see is That's just the damn top And then I look over and see
Starting point is 00:21:20 Home Depot top Lowes top Sherwin Williams You buy their stuff at Home Depot Lowe's. What does that all have to do? Housing related. What's been the worst acting group in the market? Home builders. So that's not good.
Starting point is 00:21:39 And Sherwin Williams is in the Dow. And in case you don't know, a 20-point move in the Dow is 130 Dow points. So that's what happened with the Dow today. The next part of the equation, one of my favorite lines. When markets are weaker, it's easier to isolate strength. So just letting you know there was a narrow list of strength. Remember Oracle from yesterday? We told you Oracle had this monstrous move on 4% earnings.
Starting point is 00:22:21 And we said to you, that has us thinking. Something good is going on. We're going to try and figure it out. We found out that they raised numbers going forward, but that move was ridiculous yesterday on volume, but that was institutions buying. What happens today? Well, I came into today before all the news,
Starting point is 00:22:46 hoping Oracle would pull back, set up, give us an opportunity. Well, we see the Downs-Downs-700 on the open or around. We're thinking Oracle's going to give us a lot. opportunity pull back well somebody upgraded it okay but still on down 700 they're gonna pull it back Oracle was up 15 bucks today seven to half percent so leave no doubt the institutions on a very bad market day we're buying the crap out of Oracle on something they see and Oracle stock should be in focus it is for us it's extended here don't know if we'll have an ability to buy it we're going to
Starting point is 00:23:28 going to hope for it. You better put it on your watch list up next. More on this is the one only investor's edge. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not explain. except as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat.
Starting point is 00:24:26 And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach egg 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.
Starting point is 00:24:44 And then at that point, we can probably identify something. something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeart Radio. Listen now wherever you get your podcasts. 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.
Starting point is 00:25:14 Motive? 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. That had everything. Rees.
Starting point is 00:25:29 Suspense. Rees. Cash flow crunch. On-Dak'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
Starting point is 00:25:47 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.
Starting point is 00:26:01 Ondek does not lend in North Dakota, all loans an amount subject to lender approval. 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.
Starting point is 00:26:20 With Gary Coltbaum. I'm highly recommended. You're going to feel better if you talk to it. Okay, before we completely segue into the market, I want to talk to people, if you don't mind. First, the gentleman that I have never met, and I hope to one day. Trey Yinkst, Y-I-N-G-E-S-T, you can check him out on Twitter. He is a foreign correspondent for Fox News, and he is the freaking greatest. And they were under fire today. And under fire, he was professional and passionate.
Starting point is 00:27:25 He had missiles lobbing, ballistic missiles near him, and was on TV. Helmet on. I love this guy. If I ever met him, I will take him out to the best dinner he ever had. And thank the hell out of them. Those who've watched Fox News, you know very well. Man. Next, speaking of Fox News,
Starting point is 00:27:54 General Jack Kean, K-E, K-E-A-N-E, my favorite go-to person on everything, foreign policy, and the things that go on. He was on several times today, speaks to you, not over your head, and just knows his stuff. I've met him. I've thanked him.
Starting point is 00:28:21 He was appreciative. Two people I am so enamored with and their professionalism and their know-how. And again, those that watch Fox News know exactly what I am. talking about markets. I started with Oracle, but some other things went on today. And remember what we said?
Starting point is 00:28:53 It's not the news how things react to the news? Mastercard and Visa have been calmly and quietly getting back the tariff crumbling to where they hit highs in the last few days. Mastercard down $27. today on more than double average volume. I think it was down 36. Visa was down 5% also on more than double average volume,
Starting point is 00:29:23 down almost $19 today. The news was Walmart and maybe some other big retailers. And by the way, this was the news and this is why it was so weirding me out, that something about stable coins? What? That Walmart and Amazon interested in using stable coins.
Starting point is 00:29:59 Now, why would that Fed master card and visa? Well, if this stable coin thing proliferates, you may not need it, but I have to tell you, I don't know if it's going to happen. I'm going to read something. A move to launch crypto-based payments by Walmart or Amazon that bypasses the Trish Additional Payment Systems
Starting point is 00:30:30 which sends shivers through the nation's banks and card network. Oh, American Express, that was the reason it was down also today. With vast networks of customers and employees' troves of data and far lighter regulations, retail and technology companies have long been viewed as particular threats to banks, including regional and community lenders. Stable coins are currently used to store cash or purchase other cryptocurrency tokens. They are supposed to maintain a one-to-one exchange ratio with dollars or other government currencies and are backed by reserves of cash or cash-like assets, such as treasuries.
Starting point is 00:31:12 Well, there you have it. We'll see how it plays out. Just letting you know. And I can safely tell you, we don't own any MasterCard visa, but I can safely tell you we could have. We certainly could have. Next, we always tell you be careful about these no-sale stuff, right? Well, I have to tell you, symbol S-B-E-T, I mentioned it to you, went from 2 to 124 in five days. the day it hit 124 it closed at
Starting point is 00:31:55 75 it closed yesterday at 32 they announced a 58 million share secondary offering onto the market just giving the middle finger to shareholders it was down 72% today down to 9 bucks
Starting point is 00:32:17 from $32 they have no sales they lose a crap load of money and interesting enough, it's been trading forever. So I believe the market sees this as a bunch of bull crap.
Starting point is 00:32:37 We'll see how it plays out, but just another one biting the dust. Stay away from no sales companies, ladies and gentlemen. By the way, that 58 million shares in the float is hardly any shares. So the big dilution, down 22 and a half bucks to $9.68 today, S-B-E-T.
Starting point is 00:33:00 next Russell 2000 broke above range Russell 2000 broke below range today on the week market you would think I would have I would bought it we haven't I say that because we've jinxed it we bought it twice last year on the breakout and both times failed there's your Russell 2000 next did I tell you Adobe we had mentioned that yesterday in the aftermarket was up 30 and then was down three It was down $28
Starting point is 00:33:31 today. By the way, the numbers don't look so bad. But it was down $28 down almost 7% to $385. Just letting you know, it has not been to bull market for a very, very long time. That is Adobe.
Starting point is 00:33:49 We said at the onset of the show that, hey, just letting you know, we found a bunch of things breaking down, breaking support levels, moving averages, rolling over. We have our own little terminology. Again, we have yet to scan fully, but we're just letting you know.
Starting point is 00:34:12 So some deterioration today. Not a ton. And we'll see how it plays out. We continue with our theme. This is the most news-driven environment we have ever been in. And now you could add this to the fray. Before it was tariffs, which is calmed down a little bit. Now we deal with this.
Starting point is 00:34:41 Yippee. Yay. And that's a little bit of the market today. But I'm going to repeat, we don't own Oracle right now because got extended yesterday and it's more extended today. But that is the definition of the big institutions gobbling up stock, and they can't find any so price gets pushed higher on 4% earnings growth, though they have raised the number on sales growth, which should propel earnings better.
Starting point is 00:35:25 But that is one hell of a move. I'm thinking to myself, if it was up $15 today with the NASDAQ then $255, won't have been up 35 bucks today if the market was flat Bitcoin next it's trying it was down today
Starting point is 00:35:45 Ethereum ain't happening they rally it up try to break out fail today and as you know 32,000 coins are at zero
Starting point is 00:35:56 they better hope this Bitcoin doesn't follow it's way down. You have an administration that says they're all in on crypto. We still have our doubts. Just letting you know.
Starting point is 00:36:17 No sales, no earnings. No product, no service. And people calling for 10 million price target. Somebody had a 30 million and said it with a straight face. Okay. Up next.
Starting point is 00:36:40 This, that, the other thing. And whatever else. This is the one only investors at it. 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
Starting point is 00:37:25 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 us. 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.
Starting point is 00:37:48 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.
Starting point is 00:38:17 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. Hello.
Starting point is 00:38:36 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. Rees. Ashley, go back to the nature sounds. Nice. Yeah, that's really nice. Cashflow crunch? On-deck's small business line of credit
Starting point is 00:38:54 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.
Starting point is 00:39:12 Funds could be available as soon as tomorrow. Depending on certain loan attributes, 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?
Starting point is 00:39:28 One, two, ready, go. Action! In the Gester's Edge. With Gary Kulp. And. Welcome once again to Investor's Edge. By the way, do you know that since December of 21, what is that about three and a half years? The Dow is only up right now 12%.
Starting point is 00:40:11 Did you know that? The NASDAQ is up to 20%. And I'm taking the high of that site. Michael, the S&P 48, 18, 11, 23%. And that's in three and a half years. I was just looking at when I was looking at weekly charts and said, whoa, wow, that's quite interesting. And do you know that at the lows of the tariff crash, the S&P?
Starting point is 00:40:58 was back to flat from December of 21. The Dow was down a percent from December of 21. And the NASDAQ, you ready for this? Was down 10% from December of 21. Now, again, to be fair, I'm taking the highs of December 21, not the lows of the bare market. But, you know, I can do things from any given point in time. The week, in review, NASDAQ's only down six-tenths of a percent this week.
Starting point is 00:41:46 That's all. It was down 1.3%. On the week, the S&P, only down 4 tenths of 1% was only down 1.13% today. The Dow today was down 1.79% only down 1.32 on the week. The transports on the week only down 1.5% was down 1.5. So really on the week is what happened today. I wanted to see the semis on the week. Semis were down 2.6% today up 1.4%.
Starting point is 00:42:31 on the week. And that is a little bit of the weekly numbers in review. Other news of the week, my Mets, the New York Mets, have the best,
Starting point is 00:42:48 the best, the best, numbers, wins and losses in the whole Major League Baseball. I'm loving that. Great pitching.
Starting point is 00:43:06 Maybe Lusanga for a couple of weeks, though, because he tweaked his, I think, hamstring last night. We're quite happy with our Mets right now and quite hopeful. And Soto is playing much better. While we're on sports, how about Judge for the Yankees? An all-world year so far, wow. He should get five MbPs for what he is doing this year. And that is your sports segment of the week. And, of course, I believe game was a game four tonight of the NBA.
Starting point is 00:43:52 And, oh, the Florida Panthers were leading 2-1 in the Stanley Cup. And last night we're up 3-0. Then was down 4-3 score with 20 seconds to go to take it to overtime, and they lost in the overtime period. So that's 2-2 against Edmonton. And, you know, I didn't even know that a Canadian team, which is amazing, hasn't won the Stanley Cup in years. I had no idea. And now that is your sports segment for today.
Starting point is 00:44:27 Backing up on the market. Remember, when we go, we're not going to, we're not saying we're going to bear market, but when we go into bare markets and we think something's up, we use the, hundred stock theory and we tell you imagine if a hundred stocks were in the market just a hundred stocks and they're all equal weighted one percent each and a hundred stocks were all in definable uptrend and you're assuming we know what a definable up trend is and imagine if 50 of them stop going up and start flattening out well you're still going up but you have less soldiers helping out
Starting point is 00:45:07 well imagine if those 50 that flattened out turning down well you're gonna have a tougher market because you have 50 going up 50 going down and then what if the 50 going up flatten out well now you have a market that's going down and of course if the 50 that flatten out now go down then you have 100 going down you're in bare market city that's why we tell you when we start to lose stocks and things are deteriorating it does not mean we're going it to a bare market. It does not mean much, except we're going to ignore those stocks and avoid them. But that's how the start of problems starts by starting. You catch in the drift.
Starting point is 00:45:55 That's how trouble begins by one by one, stock by stock. We're just letting you know today, in the first day in weeks, I can really come on and say, oh, we got some rolling over, we got some topping out. We say that. What do we mean? Draw some stair steps to the upside. Then hit a stair step and not go up another stair step. Now start coming down, flatten out again, and then drop again.
Starting point is 00:46:32 Stair steps going down. we got a few today so just let me know doesn't have to mean much all the time you get things typically even in bull markets things break down
Starting point is 00:46:46 but we just want to make note of it just in case because I got newsfea there's a lot of crap going on we didn't talk tariffs today but there's still tariffs out there which by the way the Treasury Secretary yesterday
Starting point is 00:47:01 said tariffs aren't taxes let me be diplomatic and say he fibbed. He's not stupid, man. He fibbed. And we would tell that to his face. Anyway, you all have a great weekend. You all drive carefully. When you get home, do like we do,
Starting point is 00:47:20 make sure you hug your family, make sure you hug your children. They will feel better, you will feel better. I promise stay well, be well. We shall be back on Monday. Peace out all. Thanks for joining. Good night.
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