Investor's Edge with Gary Kaltbaum - Vicious reversals [11.20.2025]

Episode Date: November 20, 2025

https://garykaltbaum.com/The opinions you hear on BizTalkRadio, BizTV, or BizTalkPodcasts are those of the hosts, callers, and guests and do not necessarily reflect those of BizTalkRadio, BizTV, or BizTalkPodcasts, its management or advertisers. The information on BizTalkRadio does not constitute a recommendation, offer, or solicitation to buy or sell any product or securities. Please consult a professional before investing. 

Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort.

That's Tommyjohn.com, code comfort. Tommy John. Comfort perfected. Investor's Edge with Gary Coltbaum. Straight talk about you and your money. Now from the BizTalk Studios, here is Gary Cultbaum. And welcome once again to Investors Edge. I'm Gary Coltbaum, your host. A thanks for being with us today.

Glad you here, ladies and gentlemen, happy that you are listening. It's November 20th, 2025. It's a Thursday, and boy, we're glad the market's closed. Hey ladies and gentlemen, as you know, serious talk and everything affects you. We do markets. Today, we're going to do markets. We're not even going to get into anything else. We're going to do markets.

As you know, you have been warned more than once by us on bubbles, no sales. the concentration of money by the big institutions in one certain area, encompassing a certain amount of names. We have warned you recently about some of the things we have been reading and also investigating ourselves that without getting too tough, on the surface looks somewhat suspicious we're big believers here and I'm measuring my words very carefully we're big believers about one plus one equals two we're big believers is the fastest way to get something or to something is a straight line

We're big believers in norms. We're big believers in precedent and history. We're big believers in calling out the outrageous. And we have seen some of that in recent weeks, if not months. So first let's introduce. I'm Gary Kaltbaum. This is Investors' Edge. Serious talk. We'll do markets today. Everything else goes to the back of the bus. If you do not get this radio show in your city, we'll post it at garyk.com, also on our X feed. You should follow us on X. If you don't. If you'd like to email us, just be nice. We'll also post it on podcast apps as well as the Biz TV YouTube channel.

We were out yesterday. In case you don't. know we did the I think it's the 23rd maybe 24th it's not 22nd annual cult bomb family Thanksgiving dinner for the Boys and Girls Clubs of Central Florida we had about 300 youth there last night had a blast it was really one of the best we've had and you know what they did this time and I was very happy about it they told these young men and women to dress like they're gone to a wedding and man they you should see these girls and these young kids in dresses and the teenagers dressing in suits. It was fantastic.

If you're in Central Florida, Four Rivers is who we engage with to serve, a great barbecue place. And it was just a blast. Of course, I caught the flu, and it's the cold and flu season. And it's the cold and flu edition of Investor's Edge. I gotta tell you I would rock today, but I'll be fine. That's all. Let's work backwards if it's okay with you. We warned you incessantly, pretty much nagging, that there were bubbles in this market.

That somehow, you never know why. Nuclear stocks, drones, robo-anything, rare earth quantum computing Bitcoin mining these stocks not all but a lot of them went freaking vertical

and a lot of them not all had no sales we watched how one name one name went to a $25 billion market cap imagine 25 billion dollar market cap with no sales and let me put this to you if you're buying the stock

when it had you're paying 25 billion dollars for a company with no sales it's gone from 193 to 88 and dropped another 14 percent today and it's just one they are ripping the stuffings out of all these names now uh remember the rare earth out of nowhere and this just happened like five or six weeks ago and we warned and why did they go higher well in a frenzy of speculation oh the administration's talking rare earth and china and this and that and we watch no sale stuff i'm looking at one right now that went from 13 to 44 bucks 13 to 44

and at 13 it's 13 it's got a $1 billion market cap with no sales it's back to 1220 and I can sit here and go through about a hundred of them

and there's probably more that I don't even know about so that's number one number two bubble and we kept warning and warning daily the hot IPO bubble. They were opening up IPOs hot.

They've all crashed. And when I say crashed, you think 50% are crash in six, eight weeks? I would say so, right? A crash doesn't have to happen in one day. Here's one that's gone from 80 to 36. It doesn't matter which name. It's like all of them.

Here's one that's gone from, oh, 57 on the first. day, 28th today. So there's just another bubble. And we warned, and we hope you listen, because no sales stuff sucks. We have this motto that ultimately, eventually, they all go back to where they came from. We just don't know when eventually is. And it just so happened the last six weeks. But there are other things that have been going on. We have been telling you about, we always mention this, our left screen. We have a screen that is about six columns long of technology stocks that have crumbled. Crumbled. And the list keeps getting bigger and bigger.

And we get asked, wait a minute, technology, I thought it's a bull market. Well, it's been a bull market for select. I don't want to call it for you because it's 45,000. 50, 60, 70, I don't know. They are just getting mutilated now. Destroyed. They're in bare markets. Forget everybody else telling you otherwise. They're in bare markets.

And some of them are just start Uber just topped out today on one and a half times average volume, breaking six months support. That's just going to go starting its bare market now. And I can give you a long list. Not on my left screen yet is Pallantir. That's starting, it's already down 20 some odd percent from the high. But we mean bare market. We mean the process goes on for weeks, if not months. And then you have the favored.

What has been the big story that has been jammed down your, throat every day. Artificial intelligence and let me tell you what I'm hearing as I watch people. It's taking over the world. It's a bull market that's going to last five years, if not longer. It's going to take away your job. You've been hearing that right? Artificial intelligence and what we have seen. Recently, there's been about three, 30, 40, 50 names. Some of them lose money, but a lot of them have strong earnings. We're not complaining about their earnings. But what have we complained about? One word. Concentration. The big institutions, the mutual funds, the hedge funds and all them. The bubble in concentration. It doesn't have to be on the business. The bubbles in concentration. If these big funds,

sell everything and sell them down down to nothing and keep piling on the few what happens up next we'll tell you what happens and then today 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 commission 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 880. 8-8-4-22-55-9.

That's 888-4-22-55-9. That's 888-4-22-4-2-5-5-9. Investment Advisory Services offered through Colbomb Capital Management. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day. There's zero-chafe thanks to four times more stretch than competing brands. their innovative horizontal quick draw fly is a game changer.

With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect,

like a $300 annual Capital One travel credit for less than you expect. expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details. Step inside and let the excitement take you places. This is Muckleshoot Casino Resort, The ultimate spot for action that reaches incredible heights, luxury that knows no bounds, and live entertainment that always thrills. It's all at one incredible destination.

So when you look for the best, look nowhere else. Muckle Shoot Casino Resort, the biggest and best in the Northwest. Must be 21 and over. Please gamble responsibly. It's time to switch on the integrator units and get the brain cells working. You're listening to. Hey, this promises to this. be fun. Investors Edge. The last bastion of quality programming with Gary Coltbaum. It doesn't get better than this. And look once again to Investors Edge. You know I promised

not to do anything else but I just got to tell you I just got an email from Kamala Harris asking me to donate money. She spent $1.5 billion dollars threw it down the toilet and she wants people to donate money still. The grapefruits of these people. It's amazing to watch. Okay. So the artificial intelligence, everything, and we have noted for you what happened in 1999. Back then in 99, you had companies making all kinds of announcements,

mutual funds changing their name to internet fund, companies adding dot com to their name and recently everybody's making announcements about artificial intelligence and you can tell the announcement did not need to be made and was not material but in order to goose the stocks a little worry but we've also told you recently and we're doing a little fundamental stuff here the numbers that are coming out of these companies on how much

they're supposedly going to spend and projecting four years from now are just outrageous. Without saying they're going to happen or not happen, I'm no ersts than young, but I can add. And I keep questioning one thing, how is there going to be return on investment for all this spend? and one thing is stuck out like a gargantuan sore thumb. Oracle announces a gargantuan number into 2030, and the stock is crashed. And also, the insurance for their credit is going the wrong way. And the bonds of companies like Corweave are dropping like stocks. So the big market's not believing this.

Forget what I think. And then we had, you know, the guy from the big short, his name is Michael Burry, made a ton of money betting against the mortgage-backed securities. Well, he came out recently and made big bets against Palantir and Invidia. And he's come out and basically stated he thinks the accounting is a joke. The numbers are ridiculous. And he talks about what we have said to you here that I worry. about this vendor circular financing. And that means, hey, I'm a company,

and, you know, I'm going to invest all this money with you, but you're going to buy my products. Now, I'm doing no accusing of anybody. I'm stating a fact. And if you go on the web, they are Bury and a bunch of these other people, put out these circles with all the names of these companies, and it looks like just that.

but who knows who knows so I'm at my dinner last night and I on purpose said I don't want to see what Nvidia did but as I get into my car leaving I'm on Twitter X and I see a bunch of people that I know are

against Nvidia complaining so I'm figuring Nvidia's up nicely and I get home and yes Nvidia was up nicely not as big as I thought would be, but it was like 196. 196. Closed it 186 in chain, so a nice move for a mega cap like that.

But then I noticed something. I noticed something. Accounts receivable skyrocketed. Skyrocketed to the roof. Vertical. And what that means is they're not getting paid. Not forever, but they ain't getting paid right now. And knowing that a lot of these companies don't have the money

or have to get invested in buy Nvidia, you wonder. And I'm looking at that last night and saying, man, in the past, when the market saw a real spike in account receivables, the stocks usually got hit. yet there was a party and the Dow was up 700 points early on everything was lifting the NASDAQ at 23147 I'm adding up 170 the NASDAQ was up 580 lifting lifting everything even the NASDAQ was up 580 lifting everything even the weak was bouncing and I was puzzled but I said to myself you know I hate these gaps I don't like selling a big gap down I don't like buying a big gap up so I did nothing

and I also noticed everybody making fun of Michael Burry because he was short a lot of these stocks they're making fun of them and as you know we don't make fun of anybody here we think this business is hard years ago we learned the lesson when we used to make fun of the guy on, you know, that show. But I got an email from a very nice man that says, you know, it does not look good and does, so we've stopped. The only person we even bring up here is Kathy Wood. And that's only because she keeps presenting herself as the guru and she's down 60% from like four years ago. And her predictions are obscene. That's it. Let me give you the final numbers today, which are amazing.

the NASDAQ which hit 23147 right around the first half hour hour finish at 22,078 down 1,070 points to be down 486. the Dow that was up 700 46856 the 45752 1100 points from the high and by the way we finished kind of on the lows the Philadelphia all important Philadelphia semiconductor index was at 6882 finished at 6352 dropped 5,000

530 points after being up 213. This is one of the top five for me, days as far as movement. I'll explain that up next and what the probabilities are. This is the one only investors end. It's no use putting it off. The best time for an underwear refresh is now. Tommy John Underwear is designed for a perfect fit that stays put all day. days put all day. Their zero chafe thanks to four times more stretch than competing brands,

and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One VentureX card. VentureX offers the premium benefits, expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination.

Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Sprecker. The platform responsible for a rapidly spreading condition known as podcast. brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused

relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple. You record your show, upload it once, and Spreaker distributes it everywhere people listen, Apple Podcasts, Spotify, and about a dozen apps your cousin's swears are the next big thing. Even better, Spreaker helps you monetize your show with ads. meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it.

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. So, NVIDIA Was it in 196 at the highs today Closed at less than 181 Down $15 From near the open It's like

360 billion of market cap Unbelievable And the next part Do you know how I said There were like 30 or 40 names They all opened high and got slaughtered and the names that got slaughtered were the ones that were strongest early like the semiconductor equipment stocks are the ones that benefit from more stuff being done

and the bet at the end of the day is left stunned the stuff is going to be done huh big reversal big volume it was not aunt Mary and uncle Bob selling I want to let you know and I want you to listen carefully, you are going to hear. People say it's the computers and it's the algorithms. That's a bunch of bull crap and it's an excuse. These are the big institutions, the hedge funds, mutual funds that have owned so much of these stocks, so many shares that are in recognition of whatever they are recognition of and their executives and portfolio managers, getting together and saying, how many shares do you have? And you reverse today from being above the 50 day to decently below the 50 day moving average. Remember what we tell you about breaking?

Typically invites. So get a whiff of some of this. How about KLAC, semi-conductor equipment? was 1,200 on the open today. Up 35 bucks, finished down $65 to $1,100. Micron, well, that's just plain topped. Down 25. Remember what we told you, they're in the Redwoods? Sandisk, down 50. By the way, that was up 10 early.

50. Crowdstrike, 22. Celestica, 30. The list goes on. It's gross. And I have no clue about tomorrow. They can bounce it or not. But by the close today, top of consequence, notice the little question mark. Now, as you know, we have been much more defensive. We've been telling you all this. How narrow things are. What have we been saying in the last week? 600 new yearly lows and no new yearly highs advanced declines a thousand up 3,500 down. Well, you opened hot as hell today. Advanced declines were as about as good as can be at the close. 1,073 up 3379 down on New York and 1,095 up 3468 down on the NASDAQ.

And new yearly lows, 651 on the New York and NASDAQ, even. No, you're not even close to the new yearly lows of the indices. Evidencing underneath the surface is what we've been telling you is how many more names under big pressure in their own bare markets. Simple as that. That's the story. I'm thinking. I'm guessing.

on top of the unbelievable concentration that has to be worked off eventually. It always is. Combining that with somebody woke up to skyrocketing accounts receivable and bonds of these technology companies getting hit and the credit spreads, whoopsie,

and Oracle announcing gargantuan numbers and going from this is Oracle 345 down to 214. You think you got some waking up today. And there's your story. But I'm not done. Crypto, another new low today. Relative. Not the lows of the year. But you're heading there.

Bitcoin, Ethereum, micro strategy, down to 178. from 457 in June while the CEO's on TV this week you know Coinbase oft mentioned Just going from 402 to 238 Robin Hood

Down 12 today to 106 It's gone from 150 to 106 In three weeks We just sold ours with a game We should have made more than we made But we sold with a game I think we made four bucks yby

the ice got thinner today I have no clue about tomorrow I know how government works they're psychotic so I wonder what the Fed's going to do they're insane and I really look I say this with

all due respect and you know what I'm about to say is true you got a loose cannon for president on so many things and I've said to you I just think there's too much of him every day. You know what I think. Keep taxes low.

Regulations low. Fight crime. Keep the border secure and get the hell out of the way and that's it. That ain't happening now. That's your story. Very rough day. Goldman Sachs today. Get this.

It's a financial. Hit 816 in the morning. closed at $7.74. $42 reversal? It was up 30. Finish down 12. We've warned you also about the private equity mergers and acquisitions companies. They're getting rocked. Other financials getting rock.

MasterCard and Visa are getting rocked. And you already know about all the avoids. How many times did we say avoid the ADP paychecks? jobs by the way just another thing job market came out today 100 and something thousand administration was out what a great report no the report's not great 115 000 jobs not great 250 is good just letting you know and i know they have to market to you and that's okay we've warned you about the housing and housing related the lots most of the retail the non-a-i economically sensitive recently the financials, restaurants we warned about.

There's been better action in the consumer staples, but they're not bullish. We warned you about insurance. We warned you about travel. The managed care stocks. We told you better action in the drugs and the medicals for whatever reason. But there's just been a lot of weakness underneath the surface. And that didn't help today. Let me add one more thing.

You know, the semiconductors, the index has been strong. I got most of the stocks in a bare market. It's been the select few AI names that they came after today, led by the almighty Nvidia. And I want to let you know I'm not accusing anything of anybody. But I am reporting to you, man, I've seen this before. That's all. Wait a minute. I saw this before.

What do they mean by? And you know what the excuse is? Well, they're not using debt. Oh, yes, they are now. Everybody in tech is raising debt to do the AI thing. And as I have said to you, where's the return on investment on the amount of money they say is going to be spent? And by the way, that's a valid question.

If you are opening a lemonade stand and you're selling a, a glass for a dollar, but it costs you a dollar 50. Point taken. Up next, we'll wind it up. This is the one only investors edge. Guys, it's no use putting it off. The best time for an underwear refresh is now. Tommy John underwear is designed for a perfect fit that stays put all day.

Their zero-chafe thanks to four times more stretch than competing brands. And their innovative horizontal quick-draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you. Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John, comfort perfected. This message is brought to you by the Capital One VentureX card.

Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect. Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply.

Lounge access is subject to change. See Capital One.com for details. This episode is brought to you by Spreaker. The platform responsible for a rapidly spreading condition known as podcast brain. Symptoms include buying microphones you don't need, explaining RSS feeds to confused relatives, and saying things like, sorry, I can't talk right now, I'm editing audio. If this sounds familiar, you're probably already a podcaster. The good news is Spreaker makes the whole process simple.

You record your show, upload it once, and Spreaker distributes it everywhere people listen. Apple Podcasts, Spotify, and about a dozen apps your cousin swears are the next big thing. Even better, Spreaker helps you monetize your show with ads, meaning your podcast might someday pay for, well, more microphones. Start your show today at spreeker.com. Sprinker, because if you're going to talk to yourself for an hour, you might as well publish it. 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 welcome once again to Investors Edge. By the way, again, we did our Thanksgiving dinner last night. It's Thanksgiving next week. as we have stated to you

if able consider to do something for somebody you need absolutely nothing from and it doesn't have to be big, doesn't have to be mid, could be small. Something, just something. You will feel better than the person you're doing something for, I promise you.

And this all came from that line. I don't remember where I heard it from. I heard it from somebody else. I don't remember. But what happened was when I started making a little bit of cake. My wife and I were one of the first people to do a make a wish. We sent two young girls who, by the way, were dying. We sent the family to Disney World.

And the mom, we met, she was bawling her brains out to me and giving me hugs and she wouldn't even let go. And that just made such an impact on me that we never stopped. And we used to do Halloween parties at the Cancer Center at Jackson Memorial and holiday parties. We came up to Central Florida and we started doing at the Coalition for the Homeless. Once a month we did a birthday party for any kid at the homeless shelter, a birthday party. Love doing that. And then we met Gary Kane for the Boys and Girls Clubs. and when we met with Gary, I asked him,

so what do you do for Thanksgiving? We're not doing anything. I said, now you are. And that was that. And we've been doing it for a very long time, and it's an absolute blast. And last night was special. If you go on our X feed, you'll see a couple of videos.

Okay. What next? Well, few things. Careful. bare markets get no help from Wall Street. In case you don't know, I'm looking to my left right now, and let me just come up with names that maybe you do know. Airbnb is in a bare market.

Celsius is in a bare market. That's that drink. Carvanna is in a bare market. Checkpoint software is in a bear market. Kava Group is not in a bear market, has crashed. DoorDash, by the way, DoorDash Let me just tell you what this stock just did

From highs 285 to 187 in the last Four weeks Bear Market Duolingo Draft Kings Equinex GoDaddy

Garmin HubSpot Intuit I'm coming up with names I think you know Match.com Service Now PayPal, Roblox, Roku, Synopsis, TKO, they own the WWE, Trade Desk, Uber that gave in today, Robin Hood, that core weave, Shopify, I'll just stop there. those stocks are in bare markets and all the analysts continue to have buys and strong buys until they drop 50, 60 percent and then they change it to hold, which I still haven't

figured out what that means. So just remember that. Also remember, all you're going to hear is everything's okay. No, no. You got that? Today was not an okay day. For me, it's a top five on how strong we opened and how weak we closed. I've seen reversals before, but this one took some of that cake. And at some important junctures, by the way, I didn't mention meta, bear market, Salesforce.com, bear market, booking holdings, bare market, Adobe, a brutal bear market, Microsoft. 553 to 4.78. Let's see. 53 and 22. Not getting there. SAP, bare market. Spotify just went 785 to 589. And they all have buys on them. Home Depot, bare market.

Just went from 427 to 332 in seven weeks. So we urge you do a little looking, do a little watching and we're pretty decent at this just on the avoid side and I can tell you we got some more avoiding today anything else going on well I told you Bitcoin gold was kind of flat today bond market had a decent day yields came down but whoopi do excuse me oil prices down a little but whoopi do I gather Europe and Asia are going to have a rough overnight more than likely but you never know. And just eat oils. We've been saying to you there's a smattering

of oils that are strong they're coming in two now. Whenever there's a group of 200 stocks and 10 of them are strong, we're not going to buy them. You really want some real group participation, ladies and gentlemen. Last thing I want to mention,

unfortunately Wall Street has come out with some weird crap. I didn't even know there was something out there with the symbol MSTU. It's double the performance of micro strategy. It's gone from 31.5 to a buck 20. I just want to let you know these doubles and triples and all that crap. Careful.

That's all. And they also came out with some other weird crap. of writing calls on stocks and they're paying 100% but they're not. Be careful. I saw somebody touting that crap. And that's it. From the flu-ridden house, you'll have a great evening drive carefully.

Nice to see a bounce tomorrow, but man, today. When you get home, do like we do, make sure you hug your family, make sure you hug your children. They will feel better, you will feel better. I promise they will be well. Thanks for joining. hopefully better tomorrow. Tonight.

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. Guys, it's no use putting it off. The best time for an underwear refresh is now.

Tommy John underwear is designed for a perfect fit that stays put all day. Their zero-chafe thanks to four times more stretch than competing brands and their innovative horizontal quick draw fly is a game changer. With over 30 million pairs sold, there are thousands of men out there more comfortable than you.

Don't settle for less. Go to Tommyjohn.com today for 25% off your first order with Code Comfort. That's Tommyjohn.com code comfort. Tommy John. Comfort perfected. This message is brought to you by the Capital One Venture X card. Venture X offers the premium benefits you expect, like a $300 annual Capital One travel credit for less than you expect.

Elevate your earn with unlimited double miles on every purchase, bringing you one step closer to your next dream destination. Plus, enjoy access to over 1,000 airport lounges worldwide. The Capital One Venture X card. What's in your wallet? Terms apply, lounge access is subject to change. See Capital One.com for details.