Investor's Edge with Gary Kaltbaum - TRUMP AS PREDICTED [11.06.2024]
Episode Date: November 6, 2024https://garykaltbaum.com/...
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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, your host.
Hey, thanks for being with us today.
Glad you here, ladies and gentlemen.
Happy that you are listening.
It's Wednesday, the day after the election, we told you so.
But before we get into it, first,
if you do not get this radio show in your city,
We'll post it at gary k.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 want to email me, just be nice.
And we've got a ton of emails on the election.
A ton of emails on the election.
A lot of thank yous from the Trump people.
And in case you don't know, this is serious talk
that everything that affects you.
And man, what happened last night will be affecting you as we move forward.
Now, ladies and gentlemen, we're going to do a little post-mortem on the election because it has everything to do with you.
And then on the second half of the show, we'll do the markets because they pulled a little bit of what they did when Trump won in 2016.
So first, if you recall, we had said to you and we stayed on it, did not waver.
Trump's going to win this election in spite of everything.
And as you know, I have stated to I have not been a Trump fan.
I don't like what he is represented.
I have been in hopes that he would become more presidential.
I did not like a lot of things he's done through the years.
But I said to you, if he wins, I will back him.
And I'll even go work for him if he's going to do.
something about the debt and deficits with Elon Musk. But if you notice, if you recall, most of
the reasons why I thought he was going to win was because of them. And they proved me 100%
right. Today, the day after, they've proved me 100% right. We're
had told you they forgot about it's we the people we told you that they were all about government
and rules and regulations and fees and fines and mandates and taxes and debt and deficits and
control we told you they were all about identity you're part of them you're part of them
part of them. No, you're part of them. No, you're part of them. You're them. And what did we tell
you about how we would be the president? We would look at each and every person as an American.
Not you're Hispanic, you're black, you're short, you're tall, you're rich, you're poor.
And we would set conditions for all to flourish today. Already they have shown why they lost and
lost so badly.
The day after, you would think with such a miserable failure that they would take a step back
and shut the hell up and gain a little bit of humble and sit back, what do we have to do
differently?
Nope.
Number one, I've never watched the view.
I've heard about the view
Every now and then
One of you will send me a video
From the View and I will watch it
But I've never turned it on
I couldn't care less
You know me in opinion
One woman in the view today
claimed
The blame goes to
Uneducated
Whites
And blacks
It was you
the uneducated. She defined the uneducated. By the way, she's a black woman. And I'm sitting there thinking,
huh, she's calling people uneducated. Interesting. This morning, on something called Morning Joe,
gentleman by the name of Joe Scarborough
He is
Well I don't know what he is now
But Republican
And he's now
Totally leftist show
I really don't watch it
He had Al Sharpton on
Now in case you don't know
Al Sharpton
You can go look up the video
Of the hateful things he've said about Jews
And they
say he's a reverend, whatever he is.
He's black, by the way.
Both Scarbo and Al Sharpton, a black man, amazingly,
said blacks that voted for Trump are misogynous.
Blacks didn't want to vote for a black woman.
They're misogynous.
Of course, they added in the Hispanics.
Blacks and Hispanics.
generalizing a whole group of people and calling them misogynist.
These people are sick, twisted, imbeciles,
and they think they're going to earn people's happy and trust by calling them misogynist
that was Sharpton and Scarborough.
Interesting.
Joy Reed. Do you know who she is? She's got a show on MSNBC and she once said something really bad about gay people and they still gave her a show. Terrific. I hear she's very, very bad. I don't really watch her. Her. She's very in the tank. Last night she said once Florida came in for Trump, Florida is an extremist right.
wing fascist state.
Really?
Because I live in Florida
and I don't see
anything extreme
or anything
fascist. In fact,
it's pretty much the freest state
out there.
You know how I know this?
I'm in New York and New Jersey
all the time. It's night
and day. Just those
three things.
Just those three things.
And then I threw around the dial today.
And all they were doing were putting down the voters.
Interesting.
The voters that they're trying to earn are now racist, misogynist,
haters of women and especially black women all day.
And I'm thinking to myself, that's why they lost.
And let me explain, because now we go before the election.
What we told you was pretty simple.
Their generalizations of whole groups of people and the put-downs of the whole groups of people
and the weirdest of put-downs.
Nazis.
You're calling people Nazis.
In case you don't know, Nazis killed 12 million people, murdered them,
threw them in gas chambers, did experiments on them.
Women, men, young, elderly.
infants, you name it, and they're calling Americans Nazis.
People they've never met, and they think they're going to get votes by calling people Nazis.
So we said to you a couple of things.
Number one, he's going to win because she's going to lose, because A, she's selling a
us on fake, that she is the change agent going forward, even though she has been there for three
and a half years with Biden. She's telling us how good she's going to be with the border when
she was a miserable failure on the border. She's going to lower cost of inflation, even though
inflation skyrocketed under her, and all they do is blame somebody else. And then the,
the Nazis and the Nazis
and the misogynists
and racist. I got news for you.
I have a radio show. I'm on TV. I'm not very famous. In fact,
when people come up to me in an airport,
hey, I've seen you on Fox. I think you're pretty good,
but I've got to tell you about the other guy who's so much better than you.
I haven't met any Nazis. Up next. We'll put a bow tie on this
and tell you what it means. I'm Garrow.
This is the one only Investors Edge.
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Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with
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In this episode, we are diving into gut health with CVS pharmacist Victoria Motola, who explains
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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 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.
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 IHeart
Radio. Listen now wherever you get your podcasts.
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It doesn't get better than this.
So, in case you do not know, back when Trump was running for election, I went to one of the debates in Milwaukee.
And it was packed.
It was packed.
I did not meet any Nazis.
In fact, all I met was some very nice people.
I'm going to say there were 5,000 people there.
And of course, I didn't meet all of them.
but I didn't meet any Nazis.
When Trump was running back then,
they had this big outdoor thingumabab for Trump.
It was a rally.
I think there was probably 5,000 people there,
maybe a little bit more.
I didn't meet any Nazis.
Interesting.
In fact, I didn't meet any misogynist.
I didn't meet any racist.
I met very nice people.
Interesting.
And you know me and my small samplings.
When I went to vote a few days ago, there were a lot of people there.
And we're in Florida, so you would think more than not they were voting Republican.
I didn't meet any Nazis.
I've been in the villages.
here in Florida.
I've never met any Nazis.
Yet they spent a couple of weeks, if not more.
Nazis.
Nazis.
Not, they're not nice people.
They're meanies.
Nazis.
Not they don't know what they're doing.
Nazis.
Interesting.
And they expect.
to win votes. Interesting. So you combine that with selling yourself as something you have never
been and wanting people to believe you, calling in a general fashion a whole swathes of people
Nazis and racist. And what happens? You piss people off. Do you know the
exit polls on Hispanics that voted for Trump in numbers nobody would ever believe they said
one of the main reasons were they came here legally and they don't appreciate what they have
done with the border yet these people that are calling everybody Nazis think they were
doing the right thing by letting as many people in interesting law law
abiding citizens,
Hispanics,
who they believe would be
on their side
for
open borders, found
out, nope.
Now notice,
I haven't even talked Trump.
And the reason is
they handed it to him.
Do you know a few days ago Trump said he should have never
left because
he won the election?
you would think you would lose people, lose independence with a statement like that.
Nope.
The comedian who made that Puerto Rican stupid joke.
Do you know what Hispanic said?
That was a joke.
While the same people that were on TV today saying people are racist and misogynists,
were saying Trump is a racist and misogynist.
And he should not have won and there's something wrong with the country.
I saw a Washington Post person say it's the country's fault.
Interesting.
This is not the country I was born into, they said.
Interesting.
While the people they love so much and wanted to win,
massive open borders,
massive debt and deficits,
family corruption,
the Bidens, changing everything about your life in order to curry favor those flip-flops,
and then calling people Nazis. That's why we did not waver. One plus one equals two. The only
thing I did not know, dang, it was a blowout. But after the first 15 minutes of Florida
reporting, I looked at my wife and I said Trump's the next president. I didn't. I
even need to wait for other states because I saw how much he was winning by and I saw
here where he was winning and I knew it would have been it was going to be repeated at other
places winning date county in Florida I knew it was over and then the next one came in
and the next one came in and the next one came in and the next one came in and it was party
and the problem for the party is they're still into the identity politics and they're
weird is all hell. You know, the whole thing with the men in the sports with women.
I was thinking to myself, what if, how many people on a volleyball court? What if it was just all men?
You know, little things like that. I can go on and on and on and on about the cockamamie
control freakism
I coined the little phrase
and that's why they lost
Trump didn't even have to do anything
I don't even need to talk Trump
now we'll talk Trump
he's not going to deport
the numbers he says he's going to deport
he's not deporting 10 million people
he's not doing 100%
tariffs and a bunch of
of other things he said but what he will do he will stiffen the border he will not be raising
taxes he will be lowering taxes by the way the Senate also they got the Senate big
time the House is still up for Gabbs by the way we guaranteed you the Senate here also
but we did not guarantee you the House that's also come into fruition and we hope
We hope once Trump does this economic policy, and if Elon Musk does the efficiency business of the government, they just get the hell out of the way.
Because if he lets 150 million of us go to work every day doing great things, everything will be fine.
Up next, we'll lead you into the market.
A doozy of a day.
Thanks for being here.
I'm Gary.
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 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 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 IHeart Radio. Listen now wherever you get your podcasts.
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'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. Success starts with your drive. An American Public University is here to fuel it.
With affordable tuition and over 200 flexible online programs, APU helps you gain the skills and confidence to move forward.
Whether you're changing careers, starting fresh, or pursuing a lifelong passion, our programs are designed for people who never stop.
You bring the fire, APU will fuel the journey. Learn more at APU.APUS.edu.
We're listening to America is talking.
Investors Edge.
He's got to be pleased with the crowd.
is just on his feet here he's a Cinderella boy with Gary Colbomb
comes highly recommended you're gonna feel better if you talk to him so that's the
story you treat people like crap you throw sand into the wind it gets blown
back into your face I didn't even have to mention the quietness of what's
been going on the university for Jewish students knowing
knowing that if it was the Ku Klux Klan,
they'd have the National Guard and the military out
cleaning them up, picking and choosing.
Didn't even mention that.
I didn't even mention all the other stupid economic stuff.
I've been mentioning they ran $487 billion deficit last month.
If the Republicans are smart, go to work,
set good conditions, get the hell out of the way,
treat everybody as good Americans,
don't identify them by race, creed, or color.
What have we told you here about whether you're black,
Hispanic, white, Muslim, Sikh,
big, tall, short, fat, curly hair, blonde,
everybody should be treated equally.
Nobody with favor.
Everybody with hope.
If the Republican leadership is smart,
that's what they do.
Of course,
it's been known throughout the years
that these parties get full themselves
once they have power and then they end up doing stupid things.
We'll see.
What's interesting is Trump only
has four years now once he's in. Not even because in the fourth year you're pretty much lame duckish.
Couple of other things and we'll finish up. She picked Tim Walts over Shapiro from Pennsylvania because Shapiro was Jewish.
Identity politics again. I don't think she wins anyhow. She would have a lot better chance.
This guy Waltz, I'm trying to be nice.
I don't think they even vetted the guy.
And then her handling of the campaign.
Pedestrian.
Pedestrian.
We move on.
Market gapped up just like it did.
The Wednesday after the election in 2016,
I think the Dow gapped up like 1,300 points, finished up 1,500.
The NASDAQ didn't gap up as much.
Let me tell you what the NASDAQ gapped up.
We're going to call it.
18824 160 so about 390 finished up 544 the biggest movers were the financials the regional banks amazing moves the big movers were the small in the midcaps because as we have told you they are laden with these financials if you look at the xlf gap up to new high
buyable on any controlled pullback oh i got to take that back i can't be here telling you to buy sell
shorter cover you know what i mean the kbwb same as the xlf the kre the regional banks same as those
two the financials big moves today the re that kre up 13 percent the kbwb up 10 percent the
XLF won't be up as much, but that was up 6%.
The IWM, which is the Russell 2000, up 5.8%.
That's a big breakout today.
The MDY, the mid-cap ETF, was up 4%.
That's a big breakout today.
Remember, just because something breaks out does not mean it sticks.
But those are pretty damn good breakouts.
The new yearly high list because of this move today really picked up.
As I did my scans, I found a ton of.
of smaller banks that trade under 100,000 shares up 15% today, which I can't touch.
Well, I don't touch.
Economically sensitive names, very strong.
Oils, big move up in oils, even though oil prices were down.
Why would oils be up big?
What's Trump's line?
Drill baby drill.
So because of that, you had a big move in oils.
and as you know, we've been in an avoid on oils for a very long time.
I'll look them over tonight.
Weakness, gold pulled back kind of harshly.
I have a small position left in gold.
Still up pretty decently.
Why would gold be down a lot?
Well, because the dollar was strong.
Why would the dollar be strong?
America.
Weakness in solars, why?
Politics.
Weakness in China.
Why would China be weak overnight?
Oh, it's simple.
China would be weak overnight because Trump is probably not going to be too friendly to China.
Housing weak, why?
Yields were up markedly, though off the highs, but we're up 1.37 to 4.426.
Hit a high of 4.477.
But for the rest, amazing one-day moves.
Bitcoin gapped up.
cruise lines
everything gapped up
that's the best way I can put
I can put it
everything
gaped up
back in
2016
the gap up the next day
wasn't as big
and it went
kept going
we'll see what happens this time
we think
best guess
it's going to keep going
to what extent
I don't know
but the market
is re-evaluating. What is it re-evaluating? Well, there was a 50-50 chance that the other candidate
was going to get in and raise corporate taxes, capital gains taxes, come up with unrealized
capital gain taxes, let the Trump tax cuts go by. By the way, there is a chance now if they
have the House that they are going to extend the Trump tax cuts. That's huge.
It's a complete complexion change for markets.
A complete complexion change for markets.
And that's the story of today.
I don't know what else I can add except unbelievable move.
Oh, I'd even mention the transports.
Do you know the transports today?
We're up 900 points, 890 points today.
Huge breakout on the transports.
Why?
Same reasons.
Norfolk Southern.
A rail.
Up 25 today.
For example,
stocks been doing nothing.
Union Pacific, up 14 today.
Landstar 8.
Old Dominion freight, up 12.
Ark Best, 12.
transports strong as all hell
I don't think I've ever bought the transport
ETF by the way as I speak
she is
at Howard University
and accepting the loss I guess that
conceding I am taping it
so I'll get to see what the story is
and she has called Trump
Joe Biden is called Trump and conceded
we're being told she gave a talking to Trump
by the way
saying something to the effect of, by the way, we're not going to fight the fact that we lost.
A little bit of a zing back on the markets.
In the Dow, J.P. Morgan, up 10%, 11%.
J.P. Morgan?
Big breakout move.
Goldman Sachs up 13%.
another big breakout move. By the way, both those stocks I've been sitting on every single day for the last few weeks as they just traded tight and I was waiting for the breakout. They gaped them up, couldn't get them. I'm looking at them on the pullback though. Up next, what else in these markets? Thanks for being here. I'm Gary. This is the one only investor's edge.
Hi, I'm Dr. Jay Goodman, host of Beyond the Script, the podcast where I sit down with pharmacists to answer the health question.
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. 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 IHeart Radio.
Listen now wherever you get your podcasts.
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 post.
posted directly on Indeed are 95% more likely to report a higher than non-sponsored jobs.
It really is a no-brainer.
Spend less time searching and more time actually interviewing candidates who check all your boxes.
Less stress, less time, more results.
When you need the right person to cut through the chaos, this is a job for Indeed's sponsored jobs.
And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves.
at Indeed.com slash podcast.
Just go to Indeed.com slash podcast right now.
Indeed.com slash podcast.
Terms and conditions apply.
Need to hire?
This is a job for Indeed's sponsored jobs.
Success starts with your drive.
An American Public University is here to fuel it.
With affordable tuition and over 200 flexible online programs,
APU helps you gain the skills and confidence to move forward.
Whether you're changing careers, starting fresh,
or pursuing a lifelong passion.
Our programs are designed for people who never stop.
You bring the fire, APU will fuel the journey.
Learn more at APU.APUS.edu.
You're listening to.
What are we waiting for?
Well, what are you waiting for?
One, two, ready, go.
Investers Edge with Gary Culper.
And what once again to Investor's Edge?
You think I'm done with the Dow?
In the Dow Caterpillar, with their 6% drop in earnings, their 4% drop in sales, second quarter, third quarter in row of sales drop, up 33 today to 416, new high on volume.
Why?
The election.
In the Dow, United Health, up 29 today, not new highs.
Travelers up nine today.
And then a few sundry things.
Salesforce.com up nine.
Amazon up seven.
That broke out finally.
Disney was even up two.
Honeywell up six.
IBM up six.
Microsoft up seven.
Three M up seven.
There were a few things down.
But nothing untoward.
So when you go do your scans tomorrow, this is what you got to be looking at.
Or tonight.
Small and mid-capable.
ETFs, all the financial ETFs, even look at the oil ETFs and underneath that surface,
and then go be looking at that new yearly high list. I've been going through it and it's a big
wow. It really picked up today. Why? Because the Dow gapped up 1,300 points today. And soon as I'm off
radio, I'll watch her speech and then get the scanning. I'm already getting emails. I get the
same kind of emails from people. Do you think it's for real? Every move the market makes is for
real. And the S&P jumped to new highs today at the close? The Dow, new highs, and that's been
wavering. The NASDAQ, yeah, that got to new highs. The NASDAQ 100, new highs, the
Mid-CAP 400, the small-cap 600, the Russell 2000, a bunch of other ETS, new yearly highs.
And there you have it.
And part of new yearly highs is the fact that new yearly highs tend to beget new highs.
And again, I already went back to 2016.
They gapped it up not as much after the election, and you had a good rally for a while.
Will it do the same now?
I have no freaking clue.
We just know with the information that we have at hand, and dang, them financials.
The semis overall, still what we would call laboring.
laboring.
Apple?
Laboring.
By the way, Apple was down
73 cents today.
Apple was down 73 cents today
with the Dow $1,500, and Apple's
in the Dow.
These are the things we'll also be
watching. What is
laboring? And there's your day.
A big wow.
We were not surprised that he won.
we were surprised by how much.
But once Florida came in, we knew it was going to be a blowout.
I even tweeted, this is a blowout.
And my friends were texting me and they didn't believe me.
I said, dude, and my son's, no way.
I said he's taken it all.
When I was in high school, I was up for the most witty in class.
I gave out candy to everybody.
if you're trying to get votes, you've got to be nice.
You can't call him Nazis.
I still lost, by the way, to Steve Schrago.
I came in second.
I believe Trump lost to Biden because of his demeanor at the time.
It was terrible.
We were telling you day in and day out.
This time, the shoe was on the other foot.
How many times was I on this show with you saying,
they're calling people Nazis?
What?
They're calling people racist?
Huh?
What do you think's going to happen?
They're going to turn out and they're going to vote.
And they sure did.
And going forward for the Democratic Party,
if they don't recognize that they can't offend
and disregard and panes,
pander to blacks and Hispanics anymore. They're Americans first. Keep pandering. Remember the day all
a sudden out of nowhere she offered money to the blacks and I came on this show? Pure pander.
And the blacks are going to know it? I told you that. She didn't lose the black vote. She lost a ton
of what she usually gets.
And it was the difference in many areas.
Doesn't matter. Race, creed, color,
they want to be treated like they're matter,
like they're somebody,
and not just a vote.
And I don't think they've learned
because they were on TV today
and they were doing it all over again.
And by the way, that view,
there's some weird women on there.
they just went on there and just ripped
the Americans today
a couple of them were cool
what's her name Joy
she was she was cool
but uh the lawyer
man oh man oh man
anyway
we'll move forward
and we'll keep reporting
but I'm just letting you know
better check out those ETFs and underneath
the surface what's in those ETFs
because those were some pretty
damn good moves today. You have a great evening drive carefully when you get home to do like we do.
Quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better.
You'll feel better. I promise. Stay well, be well. We'll be thinking of Trump. Hopefully he does a
great job. Until tomorrow. Peace out. Good night.
This has been Investor's Edge with Gary Cult Bomb on BizTalk. To listen to past episodes or to get
in contact with Gary, go to GaryK.com. That's GaryK.com.
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