Investor's Edge with Gary Kaltbaum - Whipsaw week in review [07.31.2026]

Episode Date: July 31, 2026

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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 and being with us today. Glad you here, ladies and gentlemen. Happy that you're listening.

It's the 31st, 2026, July, tomorrow's August. Hope you having a good day. Hey, ladies and gentlemen, I want to thank Adam for doing the show yesterday, as I told you, A very close friend passed away suddenly. His name's Richard Unger, brother of one of my best friends in life, Jeff Unger. And you know there's cliches about people all the time. Oh, he's the nicest.

This, that, and the other thing. never said a bad word around anybody, you know, the whole story. That was Richard, in a nutshell. One of the nicest, sweetest people I have met in my lifetime and had a heart attack like six or seven years ago. And from what I was told I was not there, the doctors came out and did not think he was making it through the night. ended up with open heart, I think they said nine stents, and had another six, seven years.

And heart gave out. The world works in a mysterious way. Taking some of the sweetest, nicest people you will ever meet too early. I won't do the other side of that statement. Anyway, I just wanted to mention it. The friends and family spoke, the eulogies. I hope people can talk about me the way they talked about him. That's the best way I can put it.

Anyway, thanks Adam for doing the show yesterday. I'm up in NYC right now. If I sound a little different, maybe I'm sound like in a tunnel. Hey, sorry, we have this app that's on the iPhone. And when I'm up here at a week at a time, I'm going to put some stuff in here that it sounds better. So please indulge us. Today we're going to do tidbits throughout the whole show.

I do have lots of things I want to discuss. And we're going to go through one after the other. Take on a few things. Point out a few things. Make sure you know a few things. Repeat a few things if you don't mind. I believe there's some things that need to be repeating and some people that need to be taken on. in that, as we have said to you, we suffer no fools in Washington, D.C.

We think they all suck. We think they're all actors and actresses, top to bottom, bottom to top. We went over 40 trillion of debt today. I can just start with that. 40 trillion. And just let me explain that to you, just so you understand. that's 40 trillion they were not supposed to spend by the government. Just so you know, ages ago, they used to fight over it.

They used to fight over the debt ceiling. You know, the word sealing should mean something. I'm looking above me, there's a ceiling. I can't get through it. Can't get above it. Well, the Morlocks in D.C. recognized, well, you know, we got away with two, let's go to four. Oh, we got away with four, let's go to six, and we're at 40 now. The blame is on Trump, before him Biden, before him Obama,

excuse me, before him Trump again, before him Obama, and before him Bush. Before he, he, he, that we had debt but it was nominal it started with Bush the compassionate conservative went to Obama went to Trump who we were told while he was campaigning I'm Donald fricking Trump the greatest businessman on earth I'll knock out the debt and deficits like that. Went to Biden, who I don't think could add two plus two, but that's besides the point. And he supersized it with the Inflation Reduction Act,

which they admitted cannot do anything about inflation, and back to Trump, who lied again, and they all lied, by the way, and they did nothing about what, $40 trillion. $1.4 trillion is going towards interest. I want to let you know that in the year 2000 or all our federal spending was 1.8. And they don't care.

And when we say to you, they all suck. That's what we mean. $40 trillion. We'll start with that. Tidbits. The 30 years. yield that is the 30 year bond if you bought a 30 year bond today what would you get on a yield well it closed at 5.275 today which is a high going back 27 years why would that be

why would yields be going higher when they tell us inflation is in check well because they're lying about inflation. But maybe just maybe the bond market has had enough of the bull crap. $40 trillion. The 10-year yield closed at 4.745, multi-year high. There is something called the TLT. It's just the ETF for bonds. That hit a 2007 low.

Pass it, the head of the Trump economic advisors had the nerve to say today, rates could stay steady. He lied. So we're just letting you know the cost of capital, the cost of mortgages are heading higher and are breaking out of range. And the higher they go, how do I put it, the more potential trouble we're going to have. Remember the words I have used for a long time. They're taunting the markets with their debt.

What's the other line I use? They all know that they'll either be debt or retired when it all blows up. Well, it hasn't blown up yet. They don't care. Trump don't care. Biden didn't care. Trump before him didn't care. Obama didn't care.

Bush didn't care. Before that, I think we were at $4 trillion of debt, which was still sucked. But under Bush, it started getting going. And then the Iraq war, pay for that, pay for this, pay for that, pay for that, pay for that.

Just letting you know. Tidbits to start the show. And we take no joy in this. But they all suck. And do not believe them when they say, well, it's Social Security and Medicare and Medicaid, do not believe it's just that. And do not forget, they've done nothing about fixing that for ages. Why?

Because if you try to fix Social Security, you're throwing Grandma off the ledge. And they lose votes. So nothing's been done except your taxes have gone up to pay for it. And we'll see who has the grapefruits going forward to do something about it. Tidbits. Kevin Hassett lied today. The past few presidents have been given you the middle finger. Tidbits.

And when you go get your mortgage and realize, ooh, well, it's going to be higher than it was a month ago. And you'll know why. Tidbits. We start with that. Up next. Tidbits. Things that matter. 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 888-4-22-559. That's 888-4-22-5-9. That's 888422-5-5-9. Investment advisory services offered through Coltbaum Capital Management. 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 walk once again to Investors Edge. tidbits. By the way, I flew out of

President Donald J. Trump International Airport yesterday. As you know, I went to South Florida, and I flew out of President Donald J. Trump International Airport. Just let me know. Tidbits. SpaceX. Down almost four bucks today. Almost the low, well, it's the new closing low. A new closing low.

The low was four days ago, intraday at 10701, closed at 108, 15. I keep getting asked, where would you buy it? Well, we don't work that way. We will consider it when it stops going down. And I believe it's still got a $1.5 trillion market cap with $18 billion in revenues, $5 billion loss, how to go into, well, I don't know. if they had to but they went into the bond market for $25 billion and they have negative cash flow. I do believe they report next week.

And I do believe they're going to have strong growth going forward. But I also believe, and I warned you guys, for the past couple of years, they've been bringing out everything ridiculous prices and most every IPO is crumbled. Some of them down 90%. remember that g-e-em-i that came out that's the two twins i forgot their names a winkle voss and by the way this is not a rub on them but i'm just feeling in facts a $28 deal opened at 47 closed same day at 32 it's $3.92 they're firing everybody it was a cryptocurrency exchange Anyway, so just let you know tidbits on SpaceX.

I don't know where it lands. All I know is it's still ridiculous valuation here. And the other part that nobody ever talks about. There shoot rockets up into the air. Blue Origin from Amazon, one of them blew up. What, you don't think that can happen? I'm not saying it is and I'm not wishing for that. Of course not.

And thankfully, Blue Origin there was nobody on board. They're rocket ships. Hope you listened. We told you from day one, when it went up for a couple of days, we had no edge. When it dropped, we had no edge. Where did we do have an edge? We told you at 150 that if it broke 150, it would invite selling because that was the opening price of the IPO. It would invite selling because that means everybody in the aftermarket is losing money.

What was our second edge? 135. We told you if it broke 135, it will invite more selling. Why? It was the IPO price. That means everybody's losing. And, you know, blame. People were paying $225 bucks two days later.

Blame them. But they brought it out at ridiculous price. $1.77 trillion at IPO. What I say that day, it's a joke of a price to come out. And at that price, they're simply giving you $1 bills after you give them a $5 bill. So again, we'll stay on top of it. We'll let you know. But wow, it's a disaster.

Next, tidbits. Bitcoin. We didn't do that yet, right? Good. It may break down again. As we said to you, at the low, It's been pretty much hanging, rallied up a little bit, but never got going. And I have to tell you, it may be starting to roll over.

If you have a chance, go look at the I-BIT or GBT, it may be looking to roll over. And if it does, you know what we tell you. It's going to invite a lot of selling. And I must tell you, I got an email. from somebody, oh, come to wherever. We're having a crypto conference. We're so confident and this and that and the other thing. And I'm thinking to myself, do these dudes not know?

This is a brutal bare market for all the crypto and it's not just Bitcoin. That it's utter destruction. Let's continue along those lines. Micro Strategy looks like Bitcoin. I believe they reported earnings. I don't know even how they report earnings, but they reported a big loss. But the one I really want to talk about is Coinbase. C-O-I-N reported $1.36 loss, 19% drop in sales.

It is at almost New Yearly lows. It is down about 10 months ago, $410 to $146. Coinbase. I believe the old high was 445 back in July of 25. You're welcome. And we're still receiving dozens of inquiries on crypto. Now, in a normal world when something is going down a lot, we're not getting dozens of inquiries about it. Usually it's silent. That tells us People are still in their crypto and have not sold. And they're getting a shalacking. We want you to remember it's in a bare market and a downtrend.

And it can hardly rally off these lows. Bounced a little bit. If it breaks the lows, I can promise to you. There'll be another wave of selling. Why? Because it's been sitting at these lows now for 1, 2, 3, 4, 5, 6, 7, 8, 9. weeks and the longer it sits there and then breaks to the downside the more pressure there is going to be wish we had better news for you on that and of

course all the Bitcoin type companies and stocks and all the Trump promises on his Bitcoin assets they're getting destroyed destroyed the Suns did some stuff with crypto. What's this one? A, BTC is the symbol. It's only gone from 217 down to five. Next, lots more tidbits. Hope you're listening. This is the one that only Investor's Edge. With Gary Colbomb. It comes highly recommended. You're going to feel better if you talk to him. So, tidbits.

Amazon, Google and Microsoft are part of the MagS7. They were 475 Dow points to the better today again. The Dow was up 276. Apple did not help again. Down 24. Was down 32. Some of the things were down, but a big wow, because again, Amazon and Microsoft may be in play. Amazon was real strong today.

Now, Google got hit hard on earnings, gap down, filled the gap, and even better. It was up $22 today. I didn't see any news, but the market now is ignoring that. So three important names, while, again, Apple, guidance was terrible. A lot of jello moving on the plate. But warning shots. At around 3 p.m. today, we wrote to our peeps again that if we had grapefruits, we'd be shorting the socks, the semiconductor index.

It was up like 150 at that time. Finished up 8. It was up 580 at the open. They distributed it. I'm just letting you know. Pattern recognition. I think the semiconductors and artificial intelligence, all it is, done. Gap up yesterday, gap up today, but miserable failure today. I think all it was was a

stretched, extended, and oversold bounce. And I'm very worried about the artificial intelligence semiconductor play. At the close of the day, micron. Micron, I think that's an important name. opened up today at 931 bucks closed at 820 not making this up you can add that number up sand disk open today at 14004 closed at 1214 190 dollar reversal they sold into it Cgate finished up four bucks today. At one time today, hit 921, closed at 853. What's 47 and 21? That was the reversal. 68 bucks. My artificial intelligence screen, light was up 70 or 80, finished up 20. Celestica finished down 21. just reversals off the high as early. So your handsome and buffed toast, just the warning shot,

be careful with the semis and artificial intelligence names. It would have been a lot worse today, if not for Amazon, Google, Microsoft. And video was up five today. I'll give it that. But in video, I'll just call that no man's lamb. Tidbits. And I have one screen of semiconductors.

Was Irish green on the open? It's half down today. NXPI was down 16 bucks. ASML was down 22 bucks. Let's see. ASML, very important equipment stock. Open today at 1692. Actually not as bad. It was only up 60 or 70 on the open. We're wary. AMD finished down nine on the day. On the open today was 515 closed at 476. 50 bucks. So it was up 40 early. We're wary. If anything changes, we'll let you know.

Something's up. Which takes me to, I don't know if you've read, I have to tell you I was a little bit demoralized today. On Twitter, people were making fun of a guy. People were making fun of a guy that was Wall Street's darling in the last year. And to say the least, he just got his butt kicked. He unfortunately was in the AI stuff and leveraged up the wazoo. It turns out he was up 450% was able to attract like 40 billion.

By the way, I think in his low 20s, low 20s. I believe he's still up like 80% this year, but how to sell off his book. I think the fund was called situational awareness. The guy's name is Leopold, Ashenbrenner. I'm not sure where he's from, obviously. He's for him from somewhere. 25 years old. People were making fun of him. Losing money. Ladies and gentlemen, never make fun of people losing money. Forget the karma parts.

Never make fun of people losing big money. I couldn't believe what I was seeing on Twitter today. X. One after the other. It was like, ha-ha. Demoralizing. They're saying he was the blame for the big drop recently in AI and semis. Now, maybe he was a little, but that doesn't account for the fact that AI and semis topped out weeks and weeks ago.

So I'm not buying into that whole story. Tidbits. Well, the new central banker, the head of the central bank, Kevin Warsh, I'm going to praise him big time. Do you know what he's come out and stated or leaked? He's considering fewer fed meetings during the year. I love that. I love that. I love that.

If he does that, he gets my praise big time. There's too many meetings. They're too overrated. I would love, turn it into four. Quarterly, I'd be happy as happy can be. That's a tidbit that came out late this afternoon. Wow, that's cool. tidbits

you know I said to you about Amazon and Google Google good day today bouncing off of a gap to the downside Amazon a big gap to the upside today up 36 just Amazon today

36 times six and a half 18, 690 the 36 216, about 200 the Dow was up 276 it was most of the Dow Amazon's has now negative cash flow. Google, negative cash flow. Meta was up 17 today after gaping down yesterday.

Almost negative cash flow. By the way, meta, big gap down yesterday, filling the gap today. So it was Mag's game on today. They better keep game on because as we came back and said, I'm very wary of the artificial intelligence semiconductors at this juncture. And interesting enough, as I stated, at 3 p.m. today approximately, I said to my peeps when the socks was up 150, If I had grapefruits, I would be shorting it.

But I worry about walking in Monday on another gap. We'll see. Up next, more tidbits. This is the one and only Investor's Edge. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! In Investors Edge. With Gary Culper. Once again to Investor's Edge. Thanks for being with us. As we said tidbits, oil prices were up today. The president says he doesn't trust Iran. What's the three words?

No blank Sherlock. The tidbits. The president said he has cut some sort of peace deal with Hamas. That they will disarm. but they first want Israel to get out of Gaza. Let me send a message to the president. Hamas is never going to disarm. They are animals.

They are depraved animals. They are murderers. They are terrorists. They have stated they would like to do a thousand October 7th. So the wishful thinking of the president is, I don't even. even know what to say. I'm going to hope. But as of today, Hamas is murdering people in Gaza, who they think has gone against them. And not only they murdering people in Gaza, but they are

torturing them. And that's who our president thinks is going to disarm themselves. I don't think so. We'll hope, but that was part of the tidbits today. Just want to let you know. Him saying he doesn't trust Iran in the negotiations, that comes under one word, duh. As we've said for a while now, and we take no joy, total miscalculate. The president can talk all he wants, complete miscalculation, and it's cost lives, injuries, and a lot of money. Lives first, of course. and we're still in.

And I must tell you, how are the hell are we going to come out of it? We can't look like we're given up, even though a couple weeks ago it looked like we were. Don't know. So oil prices back up again. The president's still with the big threats. But we think he's got to be careful about that

because if we go $100 buck oil again and higher, they're already going to lose the midterms. they may lose the Senate. And then look out. Tidbits. Tidbits. Well, the Dow was up 276. The S&P was up 52.

The NASDAQ was up 251. The NASDAQ 100 was up 167. But advanced declines both on the New York and NASDAQ were down. And you're ready for this? Many more new yearly lows than new yearly highs on both the New York and NASDAQ. What does that tell? you that takes us back to what we said to you we're a little bit on the wary side here and when I see leading names like Migron and Sandisk and Seagate in Western Digital and a

bunch of other semiconductors open hot today and institutions give the middle finger to them and sell them off and sell them off into the close to the point where the Sox was up 580 on the open, finished up eight. And now in the aftermarket, down. Yes, there is an aftermarket Friday afternoon. So we're wary. Tidbits. The saviors again today, Amazon, Google, and Microsoft are in the Dow.

475 Dow points today with the Dow only up 276. By the way, NVIDE was up five and change, so that's about 40 Dow points. Almost 40 Dow points. And of course, Apple weighed down, down 24 bucks, was down 32. So a lot of Jellu moving on the plate. Let me repeat something again. With those indices up, advanced declines were negative and many more new yearly lows than New Yearly highs on the New York and NASDAQ.

Let's keep that in mind as we go into the weekend. Biotech breaking down. Farmer getting in trouble. Retail, which was trying back to yuck except a few. Remember, Crocs was one of the strong ones. They gap that down yesterday. And let me add one last tidbit. There were a lot of blowups this week in the market.

Companies reporting earnings and whatever they said blew up. the stocks. A lot of them. No, get me wrong, there were plenty that gap to the upside. But I am letting you know part of my weariness. And when I go through my webcast this weekend, I'm going to show a couple of hundred stocks that blew up. I'm talking about 10, 15% drops on earnings reports.

Some of the earnings reports were good and still dropped. notwithstanding a Google that also had a big gap down but is recovering quickly for whatever reason which again was a very big help to the big indices

today so a lot of tidbits for you just I would have to repeat because I saw some technology analysts saying everything's great with the AI and the semis we here are going to let the market decide that one. And I have to tell you, notwithstanding the big gap yesterday, the big gap today,

well, they sold today. And I do believe, and let's assume we're still in a pretty darn good downtrend. And all we just saw was a vicious bounce. And part of what we tell you, the wide and loose action goes for the upside. let it play itself out don't be a hero when I tell you sand disk

reversed 160 bucks today micron what I tell you 120 dollars that's a lot of cake kids we'll have a great weekend drive carefully when you get home do like we do quite simple make sure you hug your family hug your children

they will feel better you will feel better I promise stay well be well peace out all good night this has been investors edge with gary cult bomb on biz talk to listen to past episodes or to get in contact with gary go to gary k dot com that's gary k dot com