Investor's Edge with Gary Kaltbaum - The week in review [12.13.2024]

Episode Date: December 13, 2024

https://garykaltbaum.com/

At CVS, it matters that we're not just in your community, but that we're part of it. It matters that we're here for you when you need us, day or night, and we want everyone to feel welcomed and rewarded. It matters that CVS is here to fill your prescriptions and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're proud to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by your food. store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary 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.

You're your host. A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It's Friday the 13th, and I don't believe in any of that. But it's Friday the 13th, and we're in December. Hope you're having a good day leading up to the days. I hope you get to spend them with your family and your friends. If you're traveling, travel safe and all that. And I'm glad it's the weekend. This is the first weekend. Well, you know, I'm not even sure. Time is withered. Let's just say at the last 12 weekends, I think this is number two that I have not got on a flight. But I'm ready to go on a flight if need be. Let's just say, let's just say I'm on daddy call, as they say. Well, I hope you're having a good day. We have lots to cover.

We have lots to discuss. We'll be whining and complaining. We'll be talking the markets. We'll talk the economy. Your job, your industry, the latest on the deficits and the debt 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 should. and if you like to email us, all you've got to do is be nice. No, seriously, just be nice. Where do I want to start today? Well, the market's going to close in about 14 minutes.

We're slowly to the end of the market day because at 4.45 p.m. I'll be on Fox News Channel with Neil Cavuto's Your World. So we get to do this a little bit on the earlier side. So ladies and gentlemen, sometimes we want to start with the market. Sometimes we want to start with complaints. whining. But you know what we're complaining for, for us and our families, for you and your families. And as you know, I have not been very friendly to the Biden administration for a very long time. I believe what they have done is set us on a terrible path, a terrible trajectory. And I've been saying for time and time again, we have got to change that trajectory.

And the hope is the president-elect will do a moment. much better job. And you know what I'm talking about, the trajectory of debt and deficits and inefficiencies and ineffectiveness and lies and BS and terrible foreign policy that has created, well, you're seeing it in real time, and corruption. And why does this matter? Well, it all said and done, it's very much going to matter. You got a guy in Argentina with the last name Malay who walks in and they said he was an extreme right winger, an extremist, crazy man. And he walks in and he cuts taxes, gets rid of regulations and makes government efficient effective. They're now not running a deficit for the first time in 120 years. Their economy is going and inflation that was skyrocketing is down to nothing. The media still

calls them an extreme right because they're insane, but that's what we deal with. So we just want to start out with what we talked about yesterday because I just cannot believe what I just saw. Anybody know who John Kirby is? Well, he is the White House National Security Communications Advisor. In other words, all the national security that's been in the White House and things that are going on, he communicates to the public. He previously served as the Pentagon Press Secretary. By the way, he's a retired United States Navy rear admiral. So he is an impressive man with an impressive resume.

And I feel for the guy because guess what he just said to Martha McCallum on Fox News Channel about the dozens. that's an S at the end of drones in differing states. That's with an S at the end of state. He actually said, we don't know. And as I said to you yesterday, we don't know. We spend almost a trillion dollars on defense and intelligence. We got satellites up the wazoo looking down on the earth. We have spy planes all over the place

And we don't know where drones are coming from Who's sending them and where they are ending up And I'm just thinking to myself There's two things here Either there is dumb as a box of rocks Where they're full of crap And either scares the heck out of me doesn't it you

I was watching an interview with a woman I believe she's in Connecticut she's got video there's like eight of them and they're big and they're all hovering where's our security

where's our peeps and John Kirby God bless them what a resume we don't know but we'll let you know that's number one number two

I've never been a fan of presidential pardons. Never been really a fan of it. And that's because they pardon a bunch of, can't use the word. Well, Biden, after pardoning his son, after saying about a hundred times he wouldn't, let's see, Joe Biden commuted and pardoned a Chinese national who was in jail for possessing 47,000 child porn images,

Notice my silence. Commuted and pardoned a Chinese national who had 47,000 child porn images. Would you think that person's probably somebody you don't want on the street? Would you want him on your block jogging around? Joe Biden commuted and pardoned him. He also commuted today one of the Kids for Cash judges, a guy who accepted huge kickbacks in exchange for sentencing kids to a for-profit prison even though they should not have been put into the for-profit prison at that time.

Ruining a kid's life for kickbacks, let's commute his sentence. And of course, I can go through every president and complain about a bunch of these pardons. 47,000 what number would he not pardon him isn't that a good question and by the way he did thousands of them and I gather some very good people

who are going through them to try and figure them out and why do we bring this up because this is the man who's been running the country for four years that let 10 million people in on purpose where we're being told and by the way they are not arguing it The administration's not arguing with. Thousands of kids are missing.

They don't know. And we're not saying they're in harm's way or anything. They're just missing. They don't know where they are. They can't account for them. Kids. You know, these people in the media who complained about Trump that separated the families, but now doesn't give a crap about this.

The same people, Afghanistan, where they've sent women back into the dark ages, and of course the media doesn't cover that. And now, you know me in debt and deficits. fiscal year started two months ago, we're averaging 320 billion a month. Let's see, if we do 320 billion times 12 months, what does that come up to? Almost $4 trillion in deficits. Our total spending in the year 2019 was $4.4 trillion. This from Joe Biden, who said we cut the deficits.

Why do we bring this all up? Well, first off, we just hope Trump does a very much. very good job. You never know. Let's hope he does. I think we dodged a big bullet. That's why I'm bringing it up. Because Kamala Harris made Joe Biden look like Reagan. That's my take. And you know they would have not done anything about debt and deficits. You know there would have been no dogy with Elon and Vivek. Matter of fact, they've hated Elon Musk. They've hated them. Even before the Twitter thing, he took over Twitter,

they wouldn't let Elon Musk in the White House during Electric Vehicle Day. They would bring in GM and Ford, but not Elon Musk because, oh, he's not unionized. So what do they say? Don't let the door kick you in the you know what? We'll leave it at that. Up next, the markets. Much more. 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. We manage investors money for a living, specializing in fee-based discretionary money management. No big commissions, just a fee on the assets that's managed. We also provide a full range of personalized services, including retirement planning, fixed income, and educational needs, all to assist you in achieving your financial goals. Understanding not all individuals have the same needs, we'll carefully evaluate your personal goals to determine a proper investment strategy. If your current approach to investing is not getting you to where you would like to be, call us to make an appointment for a complimentary

portfolio review. The number to call is 888-4-2-5-59. That's 8-8-5-5-9. That's 8-8-5-9. Investment Advisory Services offered through call-bomb capital management. Hello, hello, I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. I recently sat down with IBM's chairman and CEO, Arvin Krishna. And I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to that, pick areas you can scale. Don't pick the shiny little toys on the side. For example.

If anybody has more than 10%, you know, of what they had for customer service 10 years ago, they're already five years behind. If anybody is not using AI to make their developers who write software 30% more productive today, with the goal of being 70% more productive. Yeah. Wow. So we are not asking our clients to be the first experiment on it. We say, you can leverage what we did.

We're happy to bring out all our learnings, including what needs to change in the process because the biggest change is not technology, is getting people to accept that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches.

Like I get a stomachache 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. We deep dive dive into your OTC medication, and then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio.

Listen now wherever you get your podcasts. Cashflow Crunch. 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. 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. OnDak does not lend in North Dakota. All loans and amount subject to lender approval.

It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to be fun. Investors Edge. The last bastion of quality programming. With Gary Coltbaum. It doesn't get better than this. And welcome once again to Investors Edge.

And yesterday we complimented Trump on his demeanor these days. And as I said, he was also asked about the markets. And I don't want a president talking about the markets. and when he was asked about the markets yesterday, he said, look, I don't want to get into it because I can be happy about the markets and they can go down. I love that. I loved that. Maybe the man's been listening to this show.

Maybe he's learned. Presidentialness. Get the job done. Stay out of the fray. Stay out of the noise. Presidentialness. and we'll keep at it, good or bad. As we said, there's some people we don't like that he's picked,

and there's people we do like. But that's normal. We'll see how that plays out. I suspect there's going to be some interesting give and take come Senate time when they have these nominees up for different things. It's going to get interesting, I am sure. Okay. So the market's going to close in four minutes, and I have some very loud things to say.

No, that's not the word. How about some things with some bold? You know when you bold letters? Bold. Some things of importance, because for a couple of weeks and even a little longer for other areas, we have just been simply telling you how fewer and fewer. Fewer and fewer stocks were participating in rallies. More and more stocks were breaking down.

Fewer and fewer sectors were participating. More and more sectors were going by the wayside. And as we tell you, if that continues, if those things worsen, that eventually the things that are really working will come in. That's just the normality of markets, because we use the words under the weight of, under the weight of weakness, then they get the rest.

Simple as that. And we've used that 100-stock scenario with you. If there are only 100 stocks in the market and they're all equal-weighted at 1%, and 100% are in uptrends, well, you've got a definable uptrend. And what if you lose 50, and 50 of them are in downtrends? Well, now you have 50 versus 50, and it's tougher for the indices. But what happens if you lose another 30, 28?

Well, that means the market's getting into some trouble. But let's backtrack and say, what if 20 stocks that are going up have the way? waiting of the other 80. In other words, the 20 stocks go up as much as the 80 go down. Well, we're equilibrium. We're getting a lot of that right now. Of course, on a bigger scale, because we're talking 200 sectors, sub-sectors, thousands and thousands of stocks. And what we do right now, and like I did today for the peeps, about 1 o'clock, we did. a webcast and we went through again. We repeated what we did yesterday

the areas because they worsened today, most of them. Not all. And the big stuff that has influence while most of the markets

worsening, they got better. How can that be? I don't know. Except to say when markets narrow, money flows out of what's not working and into the narrow and accentuates them until that ends. And that can go on for a while. It's why, well, I'll get into names it a bit, on the good side. But on the bad side today, another very tough day for housing.

and let me state for the record 10-year yield up to 4.399, up 0.75 today. Just so you know, five days ago, last Friday closed at 4.151. That is a big move up. So housing stocks worsen and go deeper into, I'm going to use the word correction, but some of them are worse than others. But that's just housing. But rails and truckers, they worsened today. And some of them have been blasted.

But that's just rails and truckers. And FedEx and UPS are already crappy. And then there is drugs, hospitals. medicals of different kinds, overall health care, managed care, you know, the United Health was up a few bucks today, but that's after dropping $100. So pretty much the whole healthcare complex, and if you go look at something called the XLV, you'll see what I'm talking about. And not the end of the world that it's down 13% since September, but it's in a definable downtrend. But then there's the economically sensitive names because United Rentals again today, very important name to us,

and a bunch of cement, building, construction types, all red today. And oils, which we've been harping on for a long time, and the commodity types like steel and copper and aluminum, the Freeport macmurans, and the new cores and the steel dynamics, and those. We have mentioned to you because of the United Health at the insurance stocks under pressure. Semiconductors, which had a good day today finally because of a few names. But interesting enough, and we'll get into that in a little bit when we do the, hey, look what was up today. There's some issues there. And retail, more mixed because Decker's is strong, Costco is fine.

But then you have Dollar General, Dollar Tree, Abercrombie, and Fitch, American. Eagle Outfitters, guests and goose and coals and LVMH and Macy's, and then gold miners and Solers and Brazil and China and the materials. Ford, if it breaks the $10 mark also, big biotech. We've taught consumer staples. defense stocks because of the worry of spending going forward up next well that's the bad

we'll talk the good the narrow good this is the one only investors edge I'm Malcolm Gladwell host of smart talks with IBM I recently spoke with IBM's new director of research Jake Mbeta we discussed his vision for the future of quantum computing

At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology?

There will come a point when it will mature, right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with Conta? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large. lodge problem. To learn how IBM is building the future of computing,

visit IBM.com slash quantum. Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us live with stomach issues

we should not accept as normal. A lot of what I see is just like chronic bloating, chronic stomach aches. Like I get a stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just have a stomach ache every day. Or I'm constantly feeling like gassy. And all of those things are not something that generally, if you have a healthy gut, you should be living with.

So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can be able to be a healthy gut. probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

Cashflow crunch. OnDak's small business line of credit gives your business immediate access to funds, up to $200,000 right when you need it. Cover seasonal dips, manage payroll, restock investment. or tackle unexpected expenses without missing a beat. With flexible draws, transparent pricing, and control over repayment, get funded quickly and confidently. Apply today at on deck.com.

Funds could be available as soon as tomorrow. Depending on certain loan attributes, your business loan may be issued by On Deck or Celtic Bank. On Deck does not lend in North Dakota, all loans an amount subject to lender approval. You'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 with Gary Coltbaum. It comes highly recommended. You're going to feel better if you talk to him. And welcome once again to Investor's Edge. So let me give you the other part of that equation.

The S&P was flat today. The NASDAQ was up 24. The NASDAQ 100 up 165. So let's start with the NASDAQ. It was up 165 on the NASDAQ, 124 on the NASDAQ. Advanced declines on the NASDAQ were 1421 up. 2,699 down.

What? New highs versus new lows. 110 new highs. But minus about 80. Because I already looked at them. A lot of non-operating stuff. 218 new yearly lows. What?

The NASDAQ was up 23. NASDAQ 100 was 165 to the upside and new lows expanded. The S&P was flat today, but advanced declines, 1257 up, 2787 down. What? New highs 50? New lows 122. What? What's going on?

Tesla up 18. Broadcom up 44. So I continue. The socks was up 167, off of Broadcom, and a few others that were up. But as I mentioned in semiconductors, it was just a few names doing the trick today. It's the big money flowing out of and into, out of the broad and into the narrow. Just letting you know, we have no idea how long it lasts, or how far. far it goes. We do know by precedent, that's precedent, not president, that outcomes of narrowing markets are usually corrective work as if things weaken more, eventually they will come and sell off to a certain

extent, the big. Apple was up today with these bad advanced declines. And the other big names hardly moved. So we'll see what next week brings, but let's just say we got narrower today. Small and mids, pulling back a little more. Obviously, advanced declines. And one other note, they're kind of subtly selling down some of the big banks slash financials that have done pretty darn good hanging in there, gaped up on the election, sat, try to move above that sitting,

failed, and now on its way down, nothing untoward, but if it becomes untoward, worsens a little bit. So stay tuned. We're not saying bear market. We're not saying big bear.

We're just letting you know there's a narrowing, and if you are in housing, commodities, a lot of the transports, not airlines, a ton of the medicals and the drugs and the hospitals. If you're in oils and solars and gold miners and China and Brazil,

and a lot of the retailers, not all, and big biotech, I forgot to mention that, they're even coming after like waste management. If you're in insurance, they're coming after that a little bit, Not bad, but they're, you know, if you're in a lot of these bad semis, yikes. If you're in Nike or Ford or Amgen in the Dow, yikes. So just letting you know.

And if anything changes, we'll let you know. And we're already being asked because we had mentioned it before. What if the things that are worsening stops and start picking up? I'm all for it. we're just reporting to you how we report it to our peeps and report it to ourselves that's all there's some more stocks breaking some support levels and moving averages that's going to be noted and we'll keep a close watch on anything else bitcoin hanging fine up near that i think it's probably finished above a hundred thousand by a little bit Yeah, I think so. But let me repeat a couple of numbers. 12 up 28 down on the New York, 14 up 27 down on the NASDAQ.

More new highs than new lows by double on both the New York and the NASDAQ. That's what we call, in my business, internal deterioration. And we'll see if it leads to anything else. But how can that be, Gary? The new president's coming in. He's got a pro-growth policy, lower taxes, less regulations. Well, the S&P is trading at 25 times earnings, and historically it's at 17. What if the market decides to go down to 20?

You don't think that's a possibility? Oh, but Gary, I saw somewhere where somebody said the S&P is only 22. Yeah, people have different numbers. Mine's around 25. In any case, it's up there. And then you got some outliers. Costco reported earnings. It was actually was flat today, but it's trading at 55 times earnings with 10% growth.

Normal stocks with 10% growth will trade it 25 times earnings. But it's Costco. Sometimes you get the big premium because of who you are. Hey, it is also a beauty contest, ladies and gentlemen. Thy market. Now our job gets a little bit easier because we got less to look at. I don't have to worry right now about defense stocks and think about them. I don't have to worry about defense contractors.

Those stocks got smashed. The gold miners acting like the south end of a northbound jackass. I don't have to worry about them. Don't have to worry about the oils. I know what I don't have to worry about. By the way, a bunch of restaurants getting in some trouble here. Wink stop really breaking badly. Shake shack looks like it's topping out.

We'll see. Again, our favorite line here, if anything changes, we'll let you know. We just don't like seeing deterioration, especially everyone is bullish. Everyone is bullish, and that's got to change. You know how that usually changes? Things turn down. Pull back. Correct a little.

And by the way, corrections are fine in markets. I'm getting 100 emails on Bitcoin. It's acting fine. Be careful. The last bare market had it drop 75%. And we're not predicting 75% on the next bare market. We're not predicting a bear market. But if it goes into a bare market, we will interpret it.

It is showing no indication of going into a bare market. I still don't understand it, but market don't care what I think. be careful about some of these other coins that are coming out. People are just trying to put things out again. Remember, they tried putting out 32,000 coins where most have gone to zero. You got to remember that and you've got to understand that. There's a heck of a lot of money to be lost

if you're not careful at the most inopportune times. and that goes for a lot of no sales companies that are pervading the air right now. Up next, we can review. I'm Gary. This is the one only investor's edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's

coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM.

I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point when it will mature, right? My cell phone is a mature technology at this point. How far are we from that point with Conton? By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum.

Hi, I'm Dr. Jake Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health questions you didn't even know you could ask at the pharmacy counter. In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains why so many of us, 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 stomachache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache every day. Or I'm constantly feeling like gassy.

And all of those things are not something that generally, if you have a healthy gut, you should be living with. So that's when we deep dive. We deep dive into your medication. We deep dive into your OTC medication. And then at that point, we can probably identify something that we can change. Hear the full conversation, plus some fascinating facts about how gut health affects so much more than just your stomach on Beyond the Script, a podcast from CVS Pharmacy and IHeartRadio. Listen now wherever you get your podcasts.

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You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In investors, Hedge. with Gary Culper. And welcome once again to Investor's Edge.

On the week. Well, for starters, United Health was down another $29. But from the date of that tragic murder, closed at 520 today. It was 610, so it's down $90, which would be about $560 Dow points, which is a big wow. And as I have stated to you,

I have to believe that the report that came out on their denial of claims percentage versus others, which is much higher than others, that's going to probably change. And I think the market is adjusting to that. That's my guess. at the very least it is under pressure the group is under pressure the medicals are under pressure a big reason why the Dow is down let's see what the Dow is from the highs um actually the Dow is down about almost 1,200 points so united health is about 600 of that somewhere in there um and actually somewhat of a no biggie the Dow was down 86 today the S&P was flat NASDAQ was up

23, NASDAQ 100-165 off the back of a bunch of biggies, but transports down 131. The socks up 167, it's about time, but let me repeat again, that 167, NVIDIA was down 3. But Taiwan semi was up 9 because of something with Broadcom, KLAB, C-bound 7 but is way down, ASML up 5, but that's way down. It doesn't impress me that much as of yet. But for the week, the Dow was down 814 points, 1.8%. The S&P was down only 0.6%, down 39. The NASDAQ was up. There's your difference.

That's your bifurcation, that stupid word, in the market. NASDAQ was up 67, 0.34%. the NASDAQ 100 up 0.73% off the back of some big stuff and that freaking Tesla up 12% this week another 47 bucks

it's good being the best friend of the president huh and as out distance its all-time high of November of 21 and I believe Elon Musk is now above

$400 billion of wealth. And I do believe the market cap of Tesla since the election is up about, holy crap, $550 billion, just since the election, maybe a little bit more. and that's more than, I believe, 480 S&P 500 companies. Stunning. Amazing. Wow. The Sox on the week off of today, up 1.75%. But I must tell you, again, advanced declines, putrid.

Up down volume, putrid. And we're going to watch them all closely, and at the very least, we are going to stay away from the bearish stocks. And there are a bunch more at this juncture. A bunch more. Anything that takes out the 50-day moving average should be reviewed. You get to decide. But just know when I do my scans, more and more, go. by the wayside, fewer and fewer going and fewer and fewer holding up, though, there's still

plenty out there. And if you look at things like the software, it's pulling back, but still in an uptrend. Maybe the semiconductors come on. I'm not so sure of that, because most of them do not look good at all. And then these medicals, man, oh man. Wow. And big biotech? Wow. Could the change of an election move the needle that much? We'll see in time. I know there's a lot of talk about what may or may not happen. Government is somewhat snail's pace. I do know there's going to be some executive. executive actions right out of the box on the border, right out of the box. Good to see. And we'll see what comes after that.

But just keep in mind, a little less at this juncture. We'll keep you informed. If they start getting the big indices, we'll talk right now. The Dow's pulling back on pretty much one stock. The S&P, eh, slight, nothing. a blip wouldn't sweat it NASDAQ

okay NASDAQ 100 even better but what do we tell you seven stocks or eight stocks or 50% of the NASDAQ 100 and guess what most of them are working right now this second

notwithstanding some pulled back today Facebook medal was down 11 bucks today Netflix was down $7 today that's okay Last but not least on the day, have you noticed Zuckerberg and Bezos giving a million dollars each their companies to the inauguration of Trump? I think they figured it out. It's better to be on the side of power than face-to-face with power. And I also do believe I think they like the proposals.

They are sound business people, don't you think? All right. That all said, you have a great weekend. I'm going to be relaxing. Drive carefully. 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. Be well, stay well in serenity now. Thanks for joining us. 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 Gary K.

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