Investor's Edge with Gary Kaltbaum - YIELDS AND OIL [09.03.2025]

Episode Date: September 3, 2025

https://garykaltbaum.com/

Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stock up savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORAIDA, Silk, Capri-Sun, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick-up

or delivery. Restrictions apply. See website for full terms and conditions. Investor's Edge with Gary Cultbaum. 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 Kalpom, I'm your host.

A thanks for being with us today. Glad you here, ladies and gentlemen, happy that you are listening. It is Wednesday, September 3rd, 2025. Hope you are having a good day. As always, we are here to talk about you. you and everything that affects you. The markets, the economy, your job, your industry, the miscreants and the adults in D.C. That continue to con you from both sides of the aisle.

We'll keep explaining. You get to decide. Just remember, we don't have TDS. We don't have love of T. That's Trump. We only care about policy and truth-telling. We don't care who's there. If they lie, we cover it.

If they BS, we cover it. If they do great things, we cover it. And unfortunately, we have got to cover a lot more because they are now just nothing but interlopers over the last few presidencies that have taken us to $37 trillion. of debt. We'll get to that in a little bit.

Oh, also on today's show, an industry that we're already not so thrilled with throughout the years and why we will loat them even more on what they are trying to do to you. Ladies and gentlemen, when you go to buy something, what's the two things you care about? what you're paying and what you are buying is exactly what they say you are buying, right? Remember that as we get into loathing a certain industry a little bit later. But first, if you do not get this radio show in your city, we will post it at garyk.com. We'll also post it on our X-feet. We'll also be on the biz TV YouTube channel.

You can, where else am I going to post it? Oh, the podcast apps. and if you'd like to email me, all you got to do is be nice. Well, first off, the Dow was down 24 points today. But that's kind of not the story, because I can tell you at 315, the Dow was at 45038 and rallied up 233 points in the last 45 minutes to be down only 24 points on the Dow. And actually at the lows today, make sure I get this right, the lows today are in the 1 o'clock hour, 44-9-80, so we were down to 9, about 310, very nice comeback into the clothes. And it wasn't one of these big bafo, it was just a nice, sweet drift into the 4 o'clock hour. Now, what was strong all day, or relatively was the NASDAQ and NASDAQ 100 because of that news last night on Apple and Google that this, that and the other thing and nobody's going to do anything to them.

In case you don't know, there was a big Justice Department thing on Google, alphabet, about them having to sell Chrome, something with Apple. Apple makes like 15 to 20 billion off of Google. They're intertwined. And all the worries, that's going to be disconnected and all that. Well, whoever runs the joint in D.C. said, no, you're good. They made them now do something or something, but it was a no biggie. And Google today closed up $19.31. And I got to tell you, for a Google, this is a mega cap to be up at 9.1 percent is pretty good.

And Apple, which has been a laggard, was up 3.81%. By the way, when we say Apple's been a laggard, the stock is trading where it did in July of 24 and is still off the highs of a few months ago. So the NASDAQ was up 218, NASDAQ 100, up 183. And it was getting squirrely towards 2 o'clock. It looked like it was going to be a rough date. And I have to tell you, I thought early today, I thought the financials were getting in trouble. And into the close, they just drifted them up. I was wrong.

I thought the financials were going to get in trouble today. It didn't cost anything, really. But I thought that they were really starting to come after them, and they held them. And I watched very closely, Goldman and J.P. Morgan. And they were down handily today. And by the close today, they drifted higher. So you got two days in a row that these stocks were down pretty good and finished better. Still in just range bound action, but that helped the market also.

The S&P was up 32, even though the Dow was down because the tech heaviness. The advanced declines today were still down on the NASDAQ today. Tells you lots of concentration still going on. And when we say to you, Google and Apple, Apple's number two in size, I think Google's four. And by the way, I don't even know why they changed their name to alphabet. I just keep calling them Google. And the same goes for some others. That's Facebook.

Come on. Give me a break. So that's basically the story of the day. But there are a couple of other things that are very much of note that need to be talked about. Number one, oil prices down a buck 66. And I'm looking at the chart of oil prices, and as we have said to you, it's been stable as all heck for the last year, with one visit to the upside, one visit to the downside, but right, range bound, but oil prices down a buck 60 today, but also the 10-year yield down a nice juicy 0.66 down to 4.2. and let me tell you something about 4.2%. Right around there is where it's held for about the last 10 weeks.

A break below there and yields are coming lower. And that's good news. Fundamentally, unless we're going into some sort of recession or contraction, oil prices dropping, and yields dropping fundamentally very good. The cost of energy and the cost of capital coming down is great news. And I'm not talking about the Fed funds rate, Jay Powell, or Donald Trump, who's going to be running the Fed, come next year. He'll have a puppet in there running.

there's nothing better than the cost of capital, the 10-year yield, which is mortgages and other things, and energy dropping in price, as long as they are not indicating a recession slash contraction. Now, I can pull out a few things that weren't thrilling today, but, nah, there were some stocks that were up strong that finished flat. there was some stocks that looked like they were going to break out and failed. But overall, on the market, a very good comeback today. Gold, another strong update, off the highs, but another strong day. And I will tell you flat out, gold is stretched and extended to the upside, but it did not matter today. As the dollar weakened again today.

Yes, our dollar. You need to know that. If you're traveling abroad, you are paying more. That's all. The exchange rate goes against you when you are traveling abroad. If the yen's going higher versus us, you are paying more out of your dollar to buy yen. Same for the euro, same for the pound. The euro was back to, I think, under parity, a buck was buying, excuse me, it took like 95 cents to buy a euro.

I meant was a buck 50. Anyway, that's a story. And we have been hearing for a long time that the dollar crumbling, the dollar crumbling, the dollar crumbling, the dollar crumbling, all hell's going to break loose, hasn't happened yet. And maybe it's just 37 trillion of debt. I also want to let you know, I continue to see and I want you to listen carefully. Trouble in the initial public offering market, the IPO market, they had opened. these things too freaking hot and they are crumbling and if you bought initially you're buried. Remember the stock called bullish? It's actually called bullish, BLSH. They opened it.

Let's just say on the opening day was $133 three weeks ago. It's $54 today. So we urge you to be careful. The information from the market right now is the IPOs are too hot out of box and they are cramming them to the downside after the fact including some that didn't you remember core weave came out public went to 187 bucks it's 89 stay on top of these things kids up next more in the markets news of the day oh and what industry hates you this is the one only investors edge hi i'm gary colbaum 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 888-4-2-5-59. That's 8-8-8-5-9.

That's 888-4-2-2-5-9. Investment Advisory Services offered through Call Bomb Capital Management. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IP. I recently sat down with IBM's chairman and CEO, Arvin Krishna, and I asked him, how can companies use AI to its fullest potential to create smarter business? My one advice to them, pick areas you can scale. Don't pick the shiny little toys on the side.

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

including what needs to change in the process, because the biggest change is not technology, is getting people to accept. that there's a different way to do things. To listen to the full conversation, visit IBM.com slash smart talks. 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 CBS is here to fill your prescriptions, and here to fill your craving for a tasty and, yeah, healthy snack. At CBS, we're preemptive. crowd to serve your community because we believe where you get your medicine matters. So visit us at CVS.com or just come by our store.

We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for storewide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, Silk, Capri-Sung, Bavarian Meats, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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. And what once again to Investors Edge. You know what I don't understand? I'm not going to name the company. I had to do like a phone call with a company to get some things done and it was a nightmare. I had to go through six different people.

The fifth person got it wrong. The sixth person finally got it right. And amazingly, they ask you to do a survey afterwards. They don't want me doing a survey what I had to go through. through for one hour and 24 minutes on something that should have taken two minutes. Do you get that? Take a survey at the end of the call. Yeah, I'll give you a survey.

Two words. Just letting you know. Okay, a few things now, because we're getting all kinds of emails on gold. We're just letting you know it's made a big move. We're not saying it's not going higher, but be careful. If you're one of those people that finds out about something after a move, that's where money can be lost. We always told you, remember the front cover indicator?

If all of a sudden, NVIDIA gets on, is Newsweek still a magazine? I don't even know. If the CEO of NVIDIA gets on the cover of Newsweek or time, it's usually trouble. I'm just using NVIDIA as an example. So kind of be careful. I had somebody call me that I don't know. Just called me. Gary, I really need to ask your question.

You've always been against Bitcoin. Don't you feel bad about missing it? And I said, no, I don't feel bad. I initially said, well, I wish I could turn back the clock and buy it a dime, but I don't feel bad about it because it doesn't fit what we do. I still worry about it. And, you know, what can I tell you? You can't touch all the bases.

And then the next question came up. Do you think I should buy some here? And I said, I don't understand why you're asking me the question when I'm the one who's never done anything with it. Well, what do you think? I listen to you. You sound like you know what you're talking about. And I said, well, you didn't buy it at 10 cents. You didn't buy it a dollar.

You didn't buy it at $10. You didn't buy it at $100. You didn't buy it $1,000. You didn't buy it at $10,000. But you have an interest at $100,000. You catch in my drift? Well, what if it goes, well, it could. I'm not saying it won't, but I get calls like that now.

Not back then, and the reason is it's now noisy. You have the president, his family, which will let you decide how, I'm not going to use the word, we'll let you know what it's going to do. It's been in a big range. It tried to break out. It failed. It's tucked its head in like a phrase. frightened turtle, we'll see if it decides to move out again.

Ethereum that was dead is woken up and is much more higher beta right now and acting better. That's that. And supposedly it's getting adopted here and there. Okay. Terrific. We'll let you know. So do I want to tell you about the industry that hates you right now? Because they really do.

And you know, we have always... talked about companies that are a little goofy and stuff like that. We've always wondered why, how do I put this? You have these companies that you go online and you got pricing. And then all hotels. Oh, it's $219 a night. Okay, great. You put it in. And then it takes you to the final page, oh, it's 60 bucks of fees and taxes and all that, and it's really $279. And I'm thinking to myself, why the hell can't these companies just give you the final number up front? And I say to you because they hate you.

What do you mean they hate you? They're trying to get you to the point where you went through so many motions that you finally say, screw it. And even though you find, oh, man, $60 bucks extra. Anyway, airlines. First off, let me compliment them. Airlines, how many miles do they fly every year? Any trouble?

And of course, there are tragedies. But think about that. How many flights, how many passenger miles do they fly without any trouble? and we always say safety is the most important thing when it comes to airlines. No doubt. You just want to get to where you're going safely. Well, there's been a bunch of rules, regulations for them to do the right thing, logical things. They're trying now to go to this administration to push them to kill a bunch of what they call passenger rights.

and it pisses me off. And it should you too. And let me just say, I'm one of those people that said, there's no way they're going to get away with charging people for bags. I was wrong. Seats, I think's okay. Being up front, having an aisle versus a middle. I'm good with that.

But bags? Well, since they have monopolies, they decided to do that. And they've made billions and billions and billions. of dollars offering more power to them. That's a monopoly. Even though it's a bunch of airlines, when all of them are doing it at the same time, it's a monopoly. Either way.

Anyway, a few things that they're trying to do. Right now, airlines must disclose all fees clearly at booking. Whether it's checked bags, carry-on, seat selection,

changing fees, airlines want to these disclosure requirements make it harder for the consumers to compare true prices and take you to like the eighth page before you actually know the price. They want to return to base fair advertising burying taxes and fees

until the final step of booking. Do they just hate us? And why can they get away with this? Because they're monopolies. There's only a few of them. And in some cities, only one of them flies there unless you want to take connecting flights.

So they're trying to get rid of the all-in pricing. That way, it takes you an extra 10 minutes to find out, wait a minute, that flight's not $199, it's $272. That's what the airlines are trying to do, but I'm not done. Right now, we're guaranteed refunds, compensation, and rebooking support for delays and cancellations. They're proposing rolling back all those protections, including timely refunds, rerouting obligations, and transparency around delays and cancellations.

Now, why would they want to do that? Because they hate you. You're just their wallet. Up next, what else they want to do? And then we'll get back to the markets, and we'll whine about other things. I'm Gary. This is the one only investors' edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM.

I recently spoke with IBM's new director of research, Jake Embatta. We discussed his vision for the future of quantum computing. At IBM research, what we always do is answer what is the future of computing, whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines. Yeah, it's why I came to IBM.

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

large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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 CBS 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 our store. We can't wait to meet you. Store hours vary by location. Hey, it's Ryan Sechrest for Albertsons and Safeway. It's stockup savings time now through March 31st.

Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, body armor, or Ida, silk, Capri-Sun, Bavarian, meets and Charmin. Then clip the offer in the app for automatic event-long savings. Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full terms and conditions. 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 Coltbaum. I'm highly recommended. You're going to

better if you talk to. And welcome once again to Investor's Edge. So what else is a current rule of the airlines? Well, they must report on-time performance, which is a scam anyhow. You know what the airlines do. Well, I fly from Orlando to New York and back all the time. And typically, when weather is not bad, it takes about two hours and ten minutes. But they allocate three hours in their schedule.

really whatever anyway airlines must report on time performance mishandled baggage complaints and cancellations through the Department of Transportation

consumer reports they want to scrap all public reporting requirements and self-police themselves they hate you I can go on there's a few other tidbits but why would they want to do this?

Why would they want to screw all their passengers because they know they can? We have to fly. I got to get on airlines. I fly all the time. They may not let me on after what I'm talking about, but they can't stop me, can they? I'm not a threat.

Anyway, you get the point. I just don't get it. they're doing so well not spirit air they're doing so well they're making so much darn money they're charging a lot more than they used to they've come up with charging for bags and seats and everything else under the sun and they're getting it let's give the middle finger to the passengers now with the rest anyway just letting you know and by the way there's other industries You ever try buying a ticket for a sporting event or something? Oh, here's the price.

Then you go to the part where you pay. Oh, there's 24% more on the price. Those are the fees and the, and the same thing for the companies that you go, the kayaks and the expedias. And I know some now are doing better with that. But why can't people just, this is what you pay? because they hate you. They know they got you.

Tough. Well, we'll see how it plays out. They are now pushing Trump to kill the passenger rights and all this other things that I've been saying. We hope the president does not give in. Listen, I got nothing against nobody on this, except they're wrong. And if I had the CEO of all these airlines in front of me,

I just tell them flat out. You're wrong. You know how you make your money? Your passengers. Well, do right by them. Anyway, the airline stock's had a good day today. Just let you know. And of course, when I say they hate you, you know what I mean when I say that.

They're not being nice. And again, it's pretty simple. This is what you pay. Your airlines. Back to where we were. Let's see. Salesforce.com in the aftermarket, it's been a very weak software stock, down another 10 bucks to 246. Very weak stock.

It's gone from 367 in February to 246 in the aftermarket today. That's a big wow, especially why. Market's been a little bit better than that, right? Dang. Surprise, surprise, surprise. What can I tell you? All right, so we're in September. They keep telling us the end of the world, September. We don't buy into any of that. We know seasonality. We know what month we're in, but we just watch the markets and let the markets dictate. I will also tell you there's a lot of talk about recession coming, contraction coming, end of the world coming.

Ladies and gentlemen, let me repeat something to you about the economy. There is no chance of a recession or contraction. in the economy. Though unfortunately, a lot of our economy now is the government. We know this again because the market will tell us. You need to know this.

If we're going into recession, expect the market to be down 10, 15%, average stocks down in the 20s, before you even hear the word recession or contraction. The market is a marvel at flushing out trouble before anybody is talking about it.

I just want you to know because, boy, there's a lot of people out there saying the economy. And what you will see, you will see the banks breaking down. You will see the semiconductors trash, even though they're in a corrective mode right now. I will be on this show talking about Caterpillar and deer getting blasted. And that United Rentals I talk about rolling over badly and leading growth names taken out to the woodshed and kicked in the teeth. And I'm just letting you know, we got none of this the second. When the market was getting in trouble early in the year, it was flushing out a recession, contraction. But based on policy, the lunacy of 145% tariffs out of China, 100% Vietnam, and Taiwan, and whatever else they were going to do,

which of course, within a nanosecond, they got rid of. If the president did not pause those tariffs, I got news for you. Market was going to go down a lot lower because the market at that time, in real time, was flushing out what was going to happen in the economy. They screwed up. They fixed it.

Unfortunately, they're talking another big game about it. We'll see how it plays out. Just remember something about the tariffs now. There's a little bit of three card money going on. Oh, we're going to tariff them. Oh, but we're going to exempt this, this, this, this, this. this. You know, there's a 50%

tariff in Brazil. But they exempted like the three or four most common products coming from Brazil. Catch in the drift. Oh, but we collected $200 billion in the last so-and-so months. Or what is it,

$25 billion a month or something? Yeah, well, Apple paid $2 billion. Not anymore. They got exempt. Picking and choosing. That's why the courts gave the president the middle finger. Now they're going

to the Supreme Court on the tariffs. You know where I stand. The president should not be able to use tax policy and that's exactly what it is. By any other name, a tariff is a tax and even some Trumpians are saying that on TV.

Oh, they're probably going to get blasted, though. So again, I think the economy's fine. I think the job market's fine. Of course, if you lost the job, The economy is not fine. My main worry remains the same. This administration is no different than Biden's on debt deficits in size of government.

No different than Obama. On debt deficit size of government. No different than Bush. Debt deficit and size of government. Each one becomes worse than the last. And I hate saying this, but Trump is worse than Biden on debt deficits in the size of government and mainly because he's on supposedly on the right he's supposedly a republican he's supposedly a conservative oh for three ladies and gentlemen you don't run two trillion dollar deficits and tell the

world you're a conservative republican and i would tell that to the president and hopefully i wouldn't get audited. And that's our little take on all that as we segueed into a tariff and tax policy, ladies and gentlemen, and it's going to eventually matter. If you think we can run $2 trillion yearly deficits and everything's going to be a-okay, well, not so sure about that. Up next, this, that, and the other thing, and whatever else. This is the last. This is the one-only investors' edge. Hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Gambata.

We discussed his vision for the future of quantum computing. At IBM Research, what we always do is answer what is the future of computing. Whether it's coming up with new algorithms, coming up with better AI, coming up with quantum, or coming up with just how do different accelerators go together. It's our DNA to answer the question of what is the future. Isn't it a perfect problem for IBM because you kind of need to have a legacy of building stuff? Yes. Building actual physical machines.

Yeah, it's why I came to IBM. I wanted the experience, the culture of building hard things that others have not done before. Where do you imagine we are in the timeline of this technology? There will come a point. when it will mature, right? Yeah. My cell phone is a mature technology at this point. How far are we from that point with quantum?

By 2029, we'll build the first fault-tolerant quantum computer. That is one that can run a very, very large, large problem. To learn how IBM is building the future of computing, visit IBM.com slash quantum. 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 CBS 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 our store.

We can't wait to meet you. Store hours vary by location. It's Ryan Seacrest for Albertsons and Safeway. It's stockup savings time now through March 31st. Spring in for store-wide deals and earn four times of points. Look for in-store tags to earn on eligible items from Celsius, Body Armor, ORA-Ida, Silk, Capri-Sung, Bavarian Meets, and Charmin. Then clip the offer in the app for automatic event-long savings.

Stack up those rewards to save even more. Enjoy savings on top of savings when you shop in-store or online for easy drive-up and go pick up or delivery. Restrictions apply. See website for full term. terms and conditions. And well, what are you waiting to? What are we waiting for?

Well, what are you waiting for? One, two, ready, go. Investors Edge. With Gary Culper. And well, once again, to Investor's Edge. Oh, and by the way, let's see, this came out on the 25th of August. I read to you over the last 48 days, just 48 days. U.S. federal debt surged $1 trillion or $21 billion per day.

You hear that? Now, just so you know, that's Joe Biden, but it's also this administration. Why? They did nothing about it. House and Senate. They could have done anything they wanted to do. They even came up with this doge, and they kicked doge in the teeth. and why do they do what they do?

Well, they realize if they cut government spending, that could hurt GDP. And when you go into midterms next year, every tenth of a percent in GDP. And since they also know that MAGA is MAGA, nobody really changes. The left doesn't change. The right doesn't change. They figure they're okay going into next year. Who cares about two? trillion dollar deficits. Who cares that in 48 days leading up to August 25th, there was one

trillion bucks added to our debt. Who cares? You guys got to wake up and go to work and take care of your family. What do you care about a trillion dollar added to our deficit? Come on. You got it? That'd be a little bit of the story. And we hate reporting it to you, but we deal in reality here, ladies and gentlemen. All of them from Bush, Obama, Trump, Biden, Trump, couldn't give a crap about the size, scope, reach of government. Debt and deficits of the government. They just don't care. Speaking of that, the president came out today and said, people making up to $150,000 a year shouldn't pay taxes.

No, we're not making this up. And all I say to myself on that is, if a Democrat came up with that idea, the right, the Republican side would be saying they're trying to buy votes. Yeah. Yeah. Yeah. So we worry. We big time worry going forward, ladies and gentlemen. If you ran out of money and went into massive debt, you'd be in trouble.

The difference is you cannot print money to cover your butts like our country is done. Just giving you a little piece of my mind. And I'm just wondering, is gold saying something finally? I don't know. I don't know. I guess we'll know in time. The good news is yields are hanging in there. If yields were ever to skyrocket because of our debt and deficits, then look out.

We then have to have another round of money printing to buy up bonds take yields down like the moron Jay Powell did, causing all kinds of distortions. What do they say about Murphy's law? Well, Murphy has not shown up at the door yet, and we hope he never does. Murphy's Law, what can go wrong, will go wrong. We'll see. Otherwise, of note, the Dow remains above the $45,000 after undercutting it a little bit today. That's of import. Yeah, yeah.

The S&P remains was back above not just the 50-day, but the 21-day moving average today. helped by tech. The NASDAQ, which touched the 10-week moving average close to the 50-day, held it yesterday, had a good day today off of Apple and Google. The NASDAQ 100 undercut the 50-day moving average yesterday, finished just above it, and had a good day today off of Apple and Google, and some other stuff. but mostly that. The Russell 2000 has done nothing wrong.

It is after a big move on Powell Day. It has just moved to the right. Drifted. Little higher, little lower, doing nothing wrong. Because interest rates starting to come down again, we'll see. The home builders and the home building related

continues to act better. Coming out of its bare market around June, July, and now doing a calm, quiet ascension along what we have is the Green Line, which is the 21-day moving average repairing all the damage that had done in the months previous. The transports, mushy. rallied up off the lows like everything else did in April,

but still way off the highs of last November. You still have weakness in FedEx and UPS. UPS is a nightmare. Most of the rails and truckers, ugh. We'll see how it plays out. That all said, have a great evening drive carefully. When you get home, do like we do. Make sure you hug your family and hug your children.

They will feel better. You will feel better. I promise they will be. well till tomorrow. Good night, all. Bye-bye. 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 GaryK.com. That's GaryKK.com. 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

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