Investor's Edge with Gary Kaltbaum - TRANSPORTS CRUSHED

Episode Date: June 8, 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 store. We can't wait to meet you. Store hours vary by location. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Coltbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum,

your host. A thanks for being with us today. Glad you're here, ladies and gentlemen. Happy that you are listening. It is June 8th. Or in other words, day 6th of Gary with COVID. Yes, I tested positive again last night. Oh, well. And I must tell you, ladies and gentlemen, you know me. When I want to learn something, I will go neck deep. You know when we had the Iraq War under Bush, I read into the tribes there, the persmurgers, and back and forth just to learn everything about it.

So I'm insane. And I think that's good insane. you just want to know what's going on. So I've been reading up about the COVID and this latest one. And let me be blunt. Fortunately, I got it now, then, versus at the beginning. But I must tell you, today, I once took a trip to Japan. I'm pretty good going east.

When I go to Europe, sleep overnight. and I'm not usually jet lagged. You know, usually a little bit. Well, I went to Japan. I went to China. That's what I feel like today. Just completely... How do I put this?

Out of it. Do you know what I mean by out of it? Little bit weak. Little bit... Not confused, but just... Foggy-ish. Without the fog. Anyway, that's today in the Casa de colt bomb, the sixth day of COVID.

And for those out there that are saying, oh, it's no big deal, let me just tell you something. Don't get COVID, even this one. Just letting you know. And I've had emails about that. I get vaccinated. I had the double and I had the booster. Just keep in mind. It was a while ago.

That's number one. Number two is this is the latest of the, what do they call them, variants. So that's basically the story. Everything else is pretty much fine. If you notice from my voice a little bit on the nasal side, a wee bit of, you know, there. But that's it. I just feel like I just got off a 16-hour flight with no sleep.

And bad food. And not in business class. Sitting upright. That was my day today. But I thank you for being here. Always appreciate you being here. I always say that at the end of the show. And I really mean that.

We've been doing this a while. We have a pretty darn good audience. And I never forget each and every one of you that I do know you have time to do everything else but me. So the fact that you do tune in, I never. forget that. Just letting you know. And we thank you. And now, back to our regularly scheduled programs, this is serious talk about everything that's going on. And it got even more serious today. It got even more serious. We use the word here, relentless, every now and then. It doesn't happen very often to use the word relentless.

But I must tell you what we are seeing in oil prices is relentless. And I got news for you. Go to the gas pump today. Add 10 to 15 cents a week from now. Because in the last few days, it was up another $3 today. Another $3. And change. and do you know why this is happening?

Amazingly. Yesterday. And today, the answer from the White House was, eh, there's nothing we really can do about it. This is a global thing. I'm not making it up. They can't even lie anymore. You know, they're very good at that.

They can't even lie. At least lie so not to depress the public. Remember, we were all over this in advance. Unfortunately, the political pundits are not telling the truth. They keep blaming Biden, Biden, Biden, 100%. No, it's Powell, Powell, Powell, about 60 to 70 percent, then Biden, and then Russia. and they're using the excuse of Russia and the Putin price hike. There's a problem with just blaming Putin and Russia and the invasion.

You are the White House. You are the most powerful man on this earth, supposedly. You are the leader of the free world, right? So when something happens that you do not have control of, and let's be clear, Biden has no control. what Putin does. You're supposed to adjust. You're supposed to change. You know, we always talk about here what we teach our kids. One of the things we taught our kids is, hey, it's okay to make a mistake. It's okay to be wrong. It's not okay to make the mistake over and over and over again.

It's not okay to be wrong over and over again. What you need to do when you're wrong and make a mistake is you be introspective and you say, okay, what can we change? What can we add? What can we subtract? What can we do differently? Nope. Not a fwikin thing. Not a thing. And in fact, you know that Pete the Buttigieg guy, he all but said in the last couple weeks, grin and bear it, pal. Because we're transitioning to the green. Yeah. Even if it takes 10, 15 years, we're transitioning to the green. We know you can't buy electric vehicles now. They cost too much. But we're transitioning and you're going to have to grin and bear it. Feel better now? And that is why. It's relentless. The world markets, the investors and speculators and traders that are involved with the price of oil,

realize what's going on. They're insane at the White House. They've given up the election. They've given up. They're going to try the January 6th thing tomorrow night, and maybe that'll sway voters. It will not. Because when all is said and done. Every day there's 228 million drivers out there, licensed drivers, and of course not all of them are driving, but the millions are out there that are passing gas stations or going to fill up in gas stations are saying, what the blank? And I got news for you. They ain't blaming Trump. You got that? They're blaming who's ever running the joint. Republican or Democrat. It does not matter.

we think a bunch of this is the give up. They ain't doing nothing about it. We're just going to keep bending it up. They don't care. Well, we don't care. Tough. And that's the story. And we can talk about yelling, not knowing anything and Powell.

We already knew that already. They don't have a clue. They shouldn't be running the show, but they still are. We're just talking oil prices right now. They're going to send us right into recession, if not worse, if not already there. Savings rates are plunging. Credit card usage is skyrocketing. And there's not much we can do about it.

There's your story. That's what's going on. And we're at the point where over a year versus 2019, before COVID, BC, business and consumers, spending $300 billion more on gas than they did back then. Not to mention everything else. Up next, lots more. Not a good day today. I'll explain.

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 complementary portfolio review. The number to call is 888-422-559. That's 888-4-2-2-5-5-9. That's 888-4-2-2-5-5-9. Investment Advisory Services offered through Colbomb 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 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.

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 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 biz include eye irritation, temporary dimmer, dark vision, headaches and eye redness.

Talk to an eye doctor to learn if biz 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. So. As you know, we've had a rally off the lows of unknown price and time. As you know, we have basically stated it is a counter-trend rally, a bare market rally. As you know, the only real area that we said really looks like it may have turned is the Chinese stocks because it looks like they've finally taken the noose off their companies. for lack of a better way to explain it, took the mallet away from hitting them over the head,

and they're opening up off the lockdowns, and keep in mind it's after getting crushed. Some of their stocks were down 90% from the highs. But besides that, what we've had is what we consider to be countertrend. And what we mean by that is, in 16 trading days, the NASDAQ went down almost 25%. The S&P went down almost 18%. And what you get from that is what we call time and price.

And what that simply means that the norm, the norm of how things trade went too far, too fast, so they have to get relieved. How do you get relieved? You rally up to a certain extent. Our job is to figure out. Does it have duration? Does it have price?

Our job is to figure out and what. But then our job is to figure out what's already hitting a wall. And sometimes it's sneaky and sometimes it's evident. And all we can tell you today, in one statement, the transports were down 555 points today. That's a big matzabal. Was down over 600 in the last hour, bounced a wee bit. Now, we're not saying it's the end of the road. What we are saying is there's a darn good chance it's the end of the road.

And if you know the roadmap, bear market rallies will look like they are traveling from 8 p.m. to 2 p.m. That's after a drop. And once buyers are exhausted off the countertrend rally and sellers show up, they fall off the 2 p.m. start heading down. That's what the transports did today. In earnest. Tomorrow will be another day. That's just not good news. It's just not good news. What are transports?

Oh, they just deliver all everything. Whether it's people, packages, commodities, anything. So names like, Union Pacific, down seven bucks today. J.B. Hunt, down almost eight today. Don't worry, that's only truckers and rails. UPS, down six today. By the way, rallied right into the 50-day moving average and sold off.

The roadmap. Expediters, EXPD, down six today. Avis ran a car. down 10. So just on the outset, before I get into anything else, that stood out number one. What stood out number two? Semiconductors. Not unimportant. They were only down about two and a half percent today. That's all. Not going further than that. But guess we are there selling off at? The roadmap. The roadmap dictates. Roadmap dictates that price will rally into the declining resistance areas of moving averages, sometimes sneak above it for a little bit, and sometimes right to the penny, sell right off.

Go look with the Philadelphia Semiconductor Index finished today versus the 50-day moving average report back to us. So those two things stick out. There were some other not-so-good things today. But for me, and why? Because at a very, very, very lower high, off the top, we do not want to see such distribution already. Distribution means institutional selling. Institutions means the big funds. Now, we've been whipsawed the last few days, so let's see what happens tomorrow.

today will not look good on a resume. Just for those two areas before I get into any other areas. And that's from the get-go. But besides that, I hope you're having a good day. The Market Wrap brought to you by Investment-Models.com. That's Jim Rohrabach, one of the great market timers. No gray areas with the man you're either in or out of the market, but his proprietary indicators.

Go check it out. Investment-dash-models.com. Dow down 270. was down 340. S&P down 45, NASDAQ down 89, NASDAQ 100 down 96, the SOX down 74, transports 555, advanced declines on New York, 3 to 1 to the negative. On the NASDAQ, not so bad, but the NASDAQ was up early, had a little bit of a bid. in fact at 12-2-3-5 was up about 130-0-060 finished down in 89 but if they come after the semis more

there's your NASDAQ notwithstanding some big names new yearly highs just some energy which all finished mostly down new yearly lows more than NASDAQ than new yearly highs up next we'll continue think sticking out kids i'm gary this is the one only investors ed 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 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. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections like Healthy Choice Simply steamers grilled chicken and broccoli alfredo.

It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy choice simply steamers. What having it all tastes like. 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 Colbomb. It comes highly recommended. You're going to feel better if you talk to him. By the way, and again, we don't take any joy in this, but these are the people running the country. I guess Janet Yellen was doing more testimony today, the Treasury Secretary. How these people got into their positions beats the hell out of me.

Remember what we've told you about them? Their only M.O. has been easier money, more printed money. They've affected nothing. They've screwed savers. Created the greatest wealth inequality in the history of the world. I have to tell you, some of the crap coming out of her mouth, boggles the mind. I didn't need to go to Harvard to figure out what kind of doofuses these people are. And they have the levers of this country with no accountability, no oversight.

Remember, a bunch of these central bankers resigned. They did things we go to jail for with insider trading. For them, it's not even an ethics violation. This is sick and twisted that we have to be. to be on the outside looking in at these people. And there's a lot of that going on. All right, so we started with the transports and the semiconductors, and of course, tomorrow can be a better day for all we know. But man, oh man. Remember, when we talk roadmaps, roadmaps play out. And one of the biggest parts of the roadmaps are rallies. Usually we'll

peter out at massive overhead resistance the last place they broke down from or declining 50-day moving average slash 10 week if you're looking at a weekly chart transports were right in the other day and yes it's because oil prices but we don't rationalize why what else today uh not a good day in the housing stocks uh not a good day in commodities came in and may I state for the record, you know we've been talking about how shippers, shippers, shippers of things. Well, those that do what we do when you have a chance, go look at E-G-L-E and see what they did to that today. Go look at S-B-L-K, see what they did that today. Z-I-M, see what they did that today.

G-R-I-N, see what they did to that today. Let's just say, not good. So the shippers had some issues today. In the Dow, most everything was down. Salesforce.com up another two. Caterpillar was up to and change, even though deer acts terribly. My stuff page looks terrible. Bad day all the way around.

All the way around. Whether it be the semis, financials, economically sensitive, insured, insurance, commodities, transports, airlines, cruise lines, medical stuff. I'm looking for anything that was good today. Defense stocks were hit. And, you know, we tell our peeps and we tell you anything that breaks out pretty much fails. Northup Grumman, defense stock broke out in the last two days. It was down 20 bucks today.

What's the line we use? tucked its head in like a frightened turtle on the good end another good day for China and they call American depository receipt ADRs names like Alibaba

Baidu JD Nettees 10 cent Another good day They have looked like they turned the corner and what that means is

they spent months probing the lows and now coming up the right side. Keep in mind, they have been mauled. Even with this rally up, Ali Baba, what I consider to be the most important name, 320, the close today was 119. So this is just a matter of getting some of the nausea back. And of course, a bunch of it was,

the Chinese government it was like tigers eating their young whether this has legs or not don't know but definite good moves and if you do what we do go check take a look at the charts of Alibaba B-A-B-A

go look at JD J-D T-C-E-H-Y 10 cent and even remember we told you about these education stocks symbol EDU is up 90% in four weeks to 17 bucks down from 197.

That means it's still down over 90%, which rates a very big wow. So we'll give it that. But if we really turn down here, I'm not so sure these Chinese stocks will stay up. But we're open to anything. Just not a very good day and especially coming in the midst of this counter-trend move. And I do not like seeing the transports down 555. That is a lot of cake, ladies and gentlemen. And if there's anything that puts a worry, that's number one.

Number two is the semis. And of course the whole weight of the evidence is not that great. And of course, the fundamental side. Wait to you see oil prices at the gas pump in in a week. You went up another three bucks today. Relentless. But our head honcho, top dog big cheeses, there's not much we can do about it.

It's global. Four months ago, we started saying we're worried about the economy on the show. We did two days in a row, special economic shows. Our fears are now in fruition mode. We hope it changes for all of our sakes. But it ain't change with oil prices up another three bucks today. I can guarantee you on that. A lot of what we've done in the bare market for you guys is what to be careful.

about, what to not listen to, and realize that Wall Street never sees bear markets coming, never do anything about it. But what they are, are latecomers. Just letting you know, canopy growth, simple CGC, marijuana. Stock has gone from a high, a year ago, about February of last year, 56 and a half. Closed at four bucks to that. it got downgraded by an analyst today. Now I'm not sure we had a buy recommendation on it, but looks like he's had it for a while, this person, not to mention,

but that's exactly what we mean. You got that? They're very slow in changing their stance. And here's a marijuana stock, taken off their buy rating at four. and change. Staggers the imagination. And that's why we always say to you, you better stay in gear on all this. I'm not even going to mention the name of the company. You can go look it up. Up next. This, that, and the other thing, and whatever else. 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 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'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 Sponsored jobs. Struggling to see up close, make it visible with Viz.

Viz. This is a once daily prescription eye drop to treat blurry near Viz. 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. Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right?

Wrong. Healthy Choice Simply steamers are delicious and healthy. The Tray-and-Tray steam technology delivers crisp veggies and tender protein and tasty selections. Like Healthy Choice Simply steamers. grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy choice simply steamers.

What having it all tastes like. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go. Action! In The Bester's Edge. With Gary Culper.

Just so you know, you're going to be reading a lot. about the SEC. I believe his name is Gary Gensler. He runs the SEC at this point. And I guess they're trying to change things up in the markets, something about order flow and getting paid for it, amongst a few other things. I will tell you that there's people on both sides, one saying good, bad. I have to tell you, it does not change how I work. it's not going to change how I work. Simple as that.

I'm going to read into it more, but I think a lot of the talk about it, quite the overdone. You know, sometimes an event happens and overdone it just so you can say something about it. Ain't going to change my world. I'll keep scanning the way I scan, working my arse off the way I do.

and not worry about where a trade goes. As long as when I put in the trade, it gets done in the fashion it's supposed to be done. And we put in bulk orders. And the first thing I'm doing is making sure that trade was done efficiently and effectively. And since the things I invest in are mostly very liquid stuff, we don't trade in things that trade 10,000 shares a day. Not much we worry about, but I will be looking at it.

And I do want to tell you something that I believe that the whole regulatory body of markets, they get a bad, you know, and they shouldn't. I've met a bunch statewide, national wide, SEC wide. Just remember, these are all people, just people wanting to do their jobs. And you know what they try to do? Protect you. That's all they do. That's all I've ever seen. Does not mean they're perfect.

Does not mean they're right all the time. But I think they get a bad, you know, reputation from some out there. It usually comes from the mucky mucks on Wall Street that threw put with their buddies to make them look bad. We have to do audits here whenever they come up. I've never met anyone, anyone in those audits, young and old that ever that I thought they did something this way or that way. They were just straight ahead. And I've had moments years ago where one of them took issue with some things we did.

a year later they came back and said we were wrong. They're just human too. So I'm going to look this over. I'll get back to you, but it should not change what you do. And I think a lot of people are overdoing it with it. What you should still be doing, number one, is don't hand over your money to a bunch of con artists and scammers. Number two, you're buying coins. Number three, always have things. fail safes. If you already know now that Wall Street will not have fail safes for you in bare markets, who has to have the fail safe? It's you. And you know what your fail safe is? Sell, sell. Because as we always tell you, and it's quite apropos now, stock that drops 50% has to go back 100% to get you back even. And a stock that drops 50% is usually down 50% because something's up.

And then companies don't buy schlock. Don't buy crap. Don't buy companies with no sales. Don't buy companies that lose a ton of money. Buy companies that have real good institutional sponsorship by the big mutual funds hedge funds that have great earnings and revenue growth that have a great relative strength versus the market. And babysit them at all times. Why? Netflix. That's why. Do I need to say any others? I mean, that's one of those fang stocks that

dropped 70-some-odd percent. And Netflix broke the roadmap many months ago, right off the top. And little did anybody know how far it would drop, but you know what we did know. It had topped. And it was now in a downtrend, which turned into a major downtrend. which means we ain't touching. Failsafes. Because as we've always told you, don't think about how much money you've made in life. Think about how much money you've saved in life.

That's your money you need to spend for the vitals or the non-vitals like a nice trip. Don't hand it over to markets of any kind. Have a plan. It's called a failsafe. And if you don't know how to read Bull and Bear Markets, go get How to Make Money in Stocks by William O'Neill, The Secrets of Profiting of Bull and Bear Markets by Stan Weinstein,

any of the books by Gil Morales. My book is not in print. I'm getting new print. I'll get that out in about a month or so. I'll get it to you. But these are the things that teach you about, fail safes. And how do we know it's so important right now?

oh, because we see what's going on out there. We really hope you are listening. We are dead serious about every dime, regardless whether you are or not. That all said, I'm going to sleep. Have a great evening. Drive carefully. When you get home, do like we do, which I can't right now. Make sure you hug your family.

Hug your children. They will feel better. You will feel better. Tomorrow is Thursday. I'll be on with Stuart. Varney at 9 a.m. for my cushy lair hair, and we'll be back tomorrow. Same time with this show. Who knows what we'll be talking about. Have a great night, everybody. Bye-bye. 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 IHeart podcasts. I'm partnering with Simple Mills, and I've just found my new go-to reading snack, Simple Mills, almond flour crackers. Think of this as a quick book-style review because these crackers deserve it.

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