Investor's Edge with Gary Kaltbaum - Yields Matter!

Episode Date: July 6, 2023

Follow Gary on GaryK.com

Enjoying a healthy dinner that tastes great means eating out at a pricey restaurant, right? Wrong. Healthy Choice Simply steamers are delicious and healthy. The tray-and-tray steam technology delivers crisp veggies and tender protein and tasty selections like Healthy Choice Simply Steamers grilled chicken and broccoli alfredo. It's a satisfying meal with 28 grams of protein and nothing artificial. Healthy Choice Simply Steamers. What has to be able to eat?

at all tastes like. 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 Colbom, your host day. Thanks for being with us today. Glad you're here, ladies and gentlemen.

Happy that you are listening. It is Thursday, July 6, 2003. Hope you having a good day. Hope you doing well. hope everything's a. Okay. As usual, this is serious talk about you and everything that affects you. And I mean everything that affects you. The economy, your jobs, markets, debt, deficits, scams, shams, corruption, the Morlocks in D.C. You name it, we cover it. But first, if you do not get this radio show in your city, we'll post it at garykade.com.

We'll also post it on our Twitter feed. If you don't follow us on Twitter, go to Twitter, put our name in, or press the button at garyk.com. And as always, you can email me, just be nice. And you're pretty darn nice. And we start off with simplicity. You know, when we say to you, we're the greatest technicians on earth, we say that tongue in chic but not really when we say to you every night we're scanning 1500 to 2,000 names every sector 200 of them and sub sectors every country commodity bond markets you name it we watch it and we look at them

for changes and whether those are changes could affect other things whether those changes can affect you And as you know, over the last two to three years, because of the Morlocks taking over the markets, all kinds of distortions. All kinds. Inflation out of hand. Oh, we had nothing to do with it. Yeah, sure, right. We print $9 trillion, yet we have nothing to do with it. Debt and deficits by the Morlocks.

Oh, don't worry about it. I'm the greatest, I cut spending and I cut the deficit, says President Biden. Nice try, Potsie. But when we say to you, there's nobody better than us time and time again. And it's based on a roadmap. It's based on our eyes. It's based on the market's opinion, not our opinion. It was by no accident that yesterday on this show and in the days previous to our people,

We had stated very simply that yields, the yield that counts the yield that counts the most to us, the free market yield, the 10-year yield attached to your mortgages and the like, was poised to break out to the upside. And we're not sure what it means, what the effect will be. what the effect will be. But I must tell you, rates going up is not usually a good thing. Why? It's called the cost of capital.

The cost to borrow. Autos, homes, credit cards, and the like. This goes for individuals. It goes for businesses, large and small, although the large businesses actually float those bonds. And guess what they have to do? Pay more to people that are buying those bonds. So yesterday we told you the 10-year yield broke above the last three little highs going back the last two months.

And the market got hit because of it. Well, it went up another stick today. Now let me start with the good news. it was much worse. Early in the day, yields hit 4.083, which was right around the high of February, that reversed right back down. Closed at 4.041. So off the highs.

The bad news is, we have broken out. And unless we get a clean reversal soon, we're now up in the trees. And let me just state for the record. Mortgage rates now are at a 22-year high, averaging 7.22%. Is it any wonder nobody wants to put their home up for sale that have 2% and 3% mortgages and people that refinance like crazy higher mortgage rates? Of course, what did that do to the markets today? Well, they had a rough day.

Could have been worse, but had a rough day. What I'll be doing tonight is very simple. Scanning for outliers. That's what I'll be doing. Scanning for outliers. What's that? Well, if the market's getting trashed, what didn't go down? What's holding up?

Why is it holding up? That's what we'll be looking for. Simplistic is that. But that will do a little bit later. Main theme, though, rates higher, market, suffered some today. Again, not the end of the world, but suffered off of those rates and the moves in those rates. Where it stops, we don't know, but the higher it goes, the tougher it is for Aunt Mary and Uncle Bob. That's all. And typically, rates higher are a headwind to an economy.

Typically. Not 100%, but typically. And it's something we'll be watching very closely, as we said yesterday before today, Mui Importante. Now, before we go into the market wrap, A few things of note of importance to me. Eagles going on tour again. By the way, this will be another one of their last ever tours that they take,

that they have announced 400 times. But this time, they're going on tour with Steely Dan. One of my favorites, unfortunately Walter Becker, who passed away, I believe, 2017, 2000. So it won't be both. But we'll be there. We'll be going to at least two or three of those. As we think probably the Eagles finally going to wind down maybe, they're getting old. And as you know, the beloved Glenn Fry passed away a bunch of years ago.

One of my favorites also. But Deacon Frye his son stands in and so does Vince Gill. and when I saw him last year in Hyde Park in London, it wasn't Glenn Frye, but it was fantastic. So we had to mention that out of the get-go, out of all the crappy action in the market today, which we will do today. But leave no doubt, today was based on first and foremost rates going up. And may I state for the record, we'll be watching that bad boy like a hawk. Again, 22-year high, 7.22% on a 30-year mortgage, which, by the way, is a scam. You should never get a 30.

You should only get a 15. 30-year, you don't pay off principal to like year 15 or 17. 10-year you start paying off principal day one. Your payments are a little bit higher, but it's much more consumer-friendly. Our country has scammed us on the business. front with 30-year mortgages to keep your payments down. They do nothing for nobody except put coin in the pockets of the lenders while you pay down nothing. And as I've told you 100 times on this show, go get an amortization table.

I think I said it yesterday. Go get an amortization table. Just look up $500,000 mortgage, 15-year, and 30-year, and you tell me, Make sure you know a 15-year will have a little lower interest rate than a 30-year also. And that is all. That is our thoughts as we start the show. A little bit of music and a lot of the markets, which, by the way, we have not scanned yet, but we have our thoughts as we rummage through today's rubble.

And may I state for the record, a little bit of a rubble today. Up next, market wrap, movers of the day, news of the day, lots more today. I'm Gary. This is the one only. Investor's 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 8-8-4-2-2-5-9. That's 888-422-5-5-9.

Investment Advisory Services offered through Colbomb Capital Management. Hello, hello, I'm Malcolm Gladwell, host of Smart Talks with IBM. I recently spoke with IBM's new director of research, Jake Mbata. 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? 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 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.

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 stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick 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. 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. Investor's Edge. The last bastion of quality programming. With Gary Coltbaum.

It doesn't get better than this. And welcome once again to Investors Edge. Thanks for being with us today. What's today, Thursday? Today is Thursday. What was I doing today? Oh, you know what I would have been doing today in London? I would have gone to a midday show and hung out in Hyde Park.

Just walking around, taking the, today was a take it easy day. Tomorrow night in Hyde Park would have been, I think it's Billy Joel tomorrow night and Bruce Springsteen Saturday night or Bruce. Springsteen tomorrow night, Billy Joel satay night. That was my week. And of course, Saturday I would have been at Wimbledon also again. The back and my dad. Between my back and my dad needing some help,

did the right thing. Next time. I'll make sure of that. Hey, should we do in the news first before we get into the market? because there's some fun stuff I'd like to cover. For starters, and utterly amazing. And just so you know, this is corruption from a corrupt administration. They found cocaine in the White House.

They know who it came from already. They refuse to divulge. Remember, they work for us. I don't think we remember that too often. They work for us. They're supposed to be killed. our arse, that we should not be kissing their arse. This should have been out already who this was from. There is cameras in every room at the White House. I've been there on a few

occasions and we're being told it's in the wing where there's a lot of things going on. And I'm thinking to myself and it's a good thought. They got cocaine into the White House, a white powdery substance? What if it was Anne for? Thrax. Isn't that a good question? But this lying corrupt administration, which followed the last lying corrupt administration, which followed the one before lying corrupt administration, would follow before the lying corrupt administration. But this one takes the cake. This one is blowing the doors off the rest. And you know how you know it? The media doesn't say a freaking word. Anyway, I can't wait to hear whose cocaine that was. I'm not usually all excited to hear something, but this one's a good one. Tom Brady, up next.

Tom Brady and Giselle obviously never listened to my radio show, never listened to me on TV. They lost 48 million bucks. in FTX shares with that jackass, whatever his name is. I don't even mention his name anymore. And they may have to still pay taxes on earnings. I don't know how that's going to work. $48 million. All Tom and Giselle had it do was turn on this show and hear me say it

and then call me up. I would sit them down, make them see the god of crypto, And I would have saved them $48 million. It was a gimmie. It was a gimmie. I digress. The next thing I got to bring up, I got to hand it to the new Los Angeles Mayor Karen Bass,

trying to get the homeless off the street. Instead of me telling you the numbers they have already spent on it, why don't you go look up how much Los Angeles has spent on getting the homeless off the street and why do they continue to do the same things they did in the past in the future to get the homeless off the street

somebody must explain that to me and then call me confused just call me confused I've got an article how to make money by losing $300,000 a year on slot machines. There is somebody that plays slot machines and it's like live and people watch this person and the person charges the people to watch him do slot machines and lost 300,000 bucks in the last year, which calls it to question, what the hell is a matter with these people?

Do they have no life? Millions of people are tuning in to see these other people tackle the casino mainstay of slot machines, which basically are rigged that you guarantee to lose the longer you stay on them because every time you pull the trigger, the house has an edge. Yet people still watching people lose and then they go play the slots. What is going on out there? Every time I try to talk to people here about what not to do, I read something like this. Imagine people spending their important time watching a moron lose 300,000 last year in slots,

and he got paid over 300,000 so he actually made money. by these morons that are watching this moron lose money in the casinos am i nuts maybe i should just do this show live and buy a bunch of penny stocks and lose my arse and you all can watch and pay me i thought that was noteworthy i really did and lastly let me finish up with something you know how you teach your kids it's it's pretty simple you know son daughter if you really want to be successful in life you want to do good you want to do find people that are already doing good and doing great and learn from them not the state of Washington while other states are lowering their taxes they're mimicking California who's lost how many hundred

hundreds of thousands of people, running massive deficits, city after city, well, you can go check out the videos and pictures of San Francisco. I'm just amazed. In Olympia, Washington, where I think the government is, they now have the highest gasoline prices. Here, citizens of Washington, go screw yourself. We're going to beat the pants off. California, and you're going to pay even more higher than them. That's all. Up next, the markets.

We'll give you the good and the bad. I'm Gary. This is the one the only investors, Ed. Hello, hello. I'm Malcolm Gladwell, host of the podcast Smart Talks with IBM. 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 that. It is, you can skip. 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 it.

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, Yeah. Wow. 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. Hi, I'm Dr. J. 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 stomach ache every time that I eat.

And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach kick 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. A podcast from CVS Pharmacy and IHeartRadio. 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 nethered. No traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes.

Less stress, less time. More results. When you need the right person to cut through the chaos, this is a job for Indeed sponsored jobs. And listeners of this show will get a $75 sponsored job credit to help your job get the premium status it deserves. at Indeed.com slash podcast. Just go to Indeed.com slash podcast right now. Indeed.com slash podcast. Terms and conditions apply.

Need to hire? This is a job for Indeed's sponsored jobs. You'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. And what once again. to Investors Edge. And one last thing, Mr. Logic strikes again. Just remember we're the most logical people on Earth because we have no bias of gender ulterior motive. We can't stand any of these people.

And as we know, they came out with this affirmative action ruling and one side was heralding it. The other side, oh, racist this, racist, that. The end of the world's coming. Oh, my God, oh my God. And we just simply came on this show and we said to you, nothing is going to change. anybody who wants to bring in anybody into a college

is going to do it based on whatever they were thinking yesterday and this will not change one shred it's not one difference not one shred

not one thing guess what we're finding out from the colleges not one thing is going to change there's not going to be any monitors or any police maybe some jackasses who have no time in their day

will you know file sued or whatever, nothing's going to change. That's all. One will hope, one will just hope, going forward, you know what we are, not only logic, not only missed the logic, but I'm also missed the fairness. One would only hope these people run in the joints understand fairness. And when I saw a couple of these Asians that did the suing saying they were, they didn't get in because there wasn't a there were no more were let in and look what they did guess what

it's not going to change and they've all cryptically come out and said hey we ain't changing anything missed the logic strikes again and it's amazing they're all on tv both sides of the eye blah blah blah blah blah and we simply came out and you say they're all yapping because they're paid to yap nothing's going to change. That's all. Case closed. And we segue. Market wrap brought to you by. Investment dash models.com. That's Jim Roarback, one of the great market timers. No gray areas with the man you're either in or out of the market with his proprietary indicators. Go check it out. Investment dash models.com. Very simple. I'm going to give you three words before I give the numbers. Finning the herd. Do you know what that means?

Well, let's go back to our 100 stock example. Imagine if there were 100 stocks in the market, just 100 stocks, and 100 stocks were in uptrends. And because the market had a few days of weakness, it changed the trend of 15 of those stocks from up to down. We're just making an assumption. That's thinning the hurry. What has happened over the last couple of days is the market that the herd got thin. What do I mean by that? Well, first off, number one, the pretenders get found out in weakness.

So things that were trying to do better or being lifted up by the market, not leading the market, a lot of them already rolling over. We had a weakness yesterday, a little bit more today, already rolling over. areas also already rolling over. And what do we mean by that? Remember June 2nd? We said the market, the broad market, woke up out of their coma. Well, everything pretty much did. But in the last week, I found areas that were already hitting the wall and rolling over.

And now that got accentuated today. I have yet to do my scans, but I can tell you just preliminarily, preliminary. Y'all tell you what hasn't changed is China. I'm still wary about the banks, especially the small and mid-sized one. Gold and silver ain't happening. The solarz ain't happening.

You had some better action in the metals mining, not gold, even though gold and silver is bearish. We're talking the metals mining steel. They may have hit the wall. Oils, not all. There are some that are actually strong. We mentioned the names, but most of them look, especially the big oil, looks like crap. And then there are a bunch of names that rallied up off of the AI and video thing that really should not.

Those are going by the way side too. So that, the herd is getting thinned here. Again, I have yet to scan. We'll do that in a little bit. Can't wait to find out. And then there's the other side. when the market's getting smoked, what ain't going down? Why?

It's easiest to isolate strength when the market's weak. That's all. Simple as that. If there's 100 stocks in the market and 97 of them are getting trashed, but three or not, I want to know what those three are. So we'll be doing that too. So the Dow down 366, it was down. on 500.

And I can tell you the only two stocks that were up today, Apple and Microsoft. By the way, what's that theme? Bueller, S&P down 35, NASDAQ down 112, NASDAQ, $112,000 down $114, but was worse. Transport's 126, advanced declines, ick. 563 up, 3,426 down on the New York, 915 up, 3,000. 3267 down on the NASDAQ and ready for this. More new yearly lows than yearly highs on the New York and NASDAQ after just two days down.

That'd be weird. And just their pockets of strength today, not in groups, just some individual names, not really worth going over. I just want to mention in the Dow, Microsoft was up pretty damn well too. And Apple were up. Everything else was down. Home Depot down nine. Why would Home Depot be down nine today? Oh, interest rates going up hit the housing stocks today for a change.

Oh, what is Home Depot? Housing related. That's why. Goldman Sachs down seven. Those two didn't help. And after that, Caterpillar down four. Chevron down three and a half. Hint, hint, hint on what's not working in oils.

Salesforce.com almost four. Amgen 5, American Express 4. I don't know how American Express stock goes down when I see my business. And then as I look over, not much else to tell you. Semiconductors, the socks was down 45 today, was down 90 at one time. So that had a pretty good comeback. So again, thinning of the herd, but also we're going to spend some time what ain't breaking down, what's only a pullback, what's pulling back on just light volume, what's holding support,

what's holding moving averages, what's going to. buy-bye and again three words thinning the herd thinning the herd that's what today's going to be about i am sure i'll be able to take out my pen and put a slash onto the symbol which takes it off my playing field because again bye-bye and that means breaking a support breaking of moving averages or overall getting trashed or was never getting going in the first place and leave no doubt thinning of the herd today and i may state for the record actually helps me out we actually don't mind markets that pull back we like thinning of the herd we like knowing where the big strength is and you know when you can tell the most on the pullbacks why

Let me repeat. They thin the herd. And that be the thought process. And going back to the hint, hint, 30 stocks in the Dow, Apple up, Microsoft up. Do I need to explain? Does that mean they don't get trashed tomorrow?

Nope. But in a day where the Dow is down 366, both are up. That be of note. And we'll see what tomorrow brings. Because frankly, the heck do I know about that. tomorrow. I'm just trying to get today right. The big story yields 10 year 4.041. Breakout above.

Recent highs yesterday. Follow through more today. I will tell you the high of the last year happened in October of last year. 4.333. And to be blunt, you really don't want to get through that. I'm not so sure the market will be friendly. And notice, we're not talking about J. Powell. whims, we're talking about the real market. That's what matters most. Remember, everybody talks about this guy. He don't matter. The real market matters. Up next. This, that, and the other thing, and whatever else. Thanks for being here. This is the one only investors. 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 computer.

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? My cell phone is a mature technology at this point. How far are we from that point with Kondo? 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. 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 stomach ache every time that I eat. And it just becomes like a lifestyle where, oh, yeah, you know, I just, I have a stomach ache 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 IHeartRadio. 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's sponsored jobs. You'll get matched with candidates that meet the skills, certifications, and everything else you're looking for. Or go a different way and get no traction. Seriously, sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs.

It really is a no-brainer. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed 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. D's sponsored jobs. You're listening to. What are we waiting for? Well, what are you waiting for? One, two, ready, go.

Action! In the Gester's Edge with Gary Culpa. Dun-da-da-da. Of note today, they actually sold the airlines today. They were down a little bit today. They've been strong. They actually sold the cruise lines today. They've been strong.

They sold the housing. related areas today. That's been strong. But again, something very, very important, that higher 10-year yields could have a headwind effect on those areas. Mui and portante, you need to know these things. And we're just talking about reading, I guess they call them the tea leaves. The bottom line is if yields keep going up, it should have a pretty decent impact. When you have a pretty decent impact, when you have have a chance and I mean this go check out what a mortgage payment would be on just a half million dollar loan at seven in a quarter and then go look at two and three quarters and you will see a major difference in payments and that means it is less affordable for aunt Mary and uncle Bob

to buy a house and what also I repeat again is and this is of import and listen carefully that's the reason why there's not a lot of houses for sale compared to what it should be if I had a house and I have a 3% mortgage and I know if I go to buy another house I'm going to pay you paying 7 that's a big matzaball kids

and as I said yesterday there are some mortgages that are assumable where you know it's an incentive to buy that house but not many mortgages are assumable out there they actually should be, but I get it at it. The lender, screw you, buddy.

I'm not giving you that. I ain't given you to three when I can get you at seven. Heck no. So the interest rate environment's at hand, I will flat out tell you, J. Pound's going to raise rates a minimum of two more times, especially if long rates go higher. The five year is up to 4.366. down. That one's on the move also. The 30 year, which used to have much more importance, has much

less important now. That got over 4% today. And of course, going out short term, you're in the fives. So that is the good news. And for all of you out there that have money in the banks and you're in cash, call your bank. They're screwing you. They're paying you two-tenths of 1%. when money markets are paying 5 plus. They should be advising you and calling you, hey, just letting you know, are you getting those calls? Well, if you're not, you need to get in there and put your money in money market funds.

They're all over five right now. Or you can get a one-year treasury bill paying over five. These are risk-free, and if you buy a T-bill, no state or local taxes, just federal. You're feeling me, because the banks ain't going to help you out. You got that? One would hope they did, and I think some of the smaller ones, that know people intimately. Maybe they are. They should.

That's a lot of cake, kids. A million bucks of cash. We're talking about how much? If you're getting two tens versus five, $48,000 a year, I don't know about you, but that'll buy a lot of Bobka. If you don't know what Bobka is, go buy some. That is the income investing part of and segment of the day. And I must tell you, I'm amazed at how many people don't know about this. I had a very smart person called a couple of weeks ago that mayor,

may not become a client. I asked them, where's your money? Oh, it's over here. What does it pay? Oh, I don't know. What do you mean? We don't know. Can you send me a statement?

Yeah, sent me a statement. Two tens of a percent. Do you know how much money we're talking about? Three mill. Three mill. I made this person $144,000 a year just with a phone conversation.

They said, you mean to tell me, I go, haven't you seen the ads for CDs paying over 5%? Haven't you seen the ads for money markets? Oh, I thought that was just a bunch of BS. You didn't investigate? Anyway, that's your handsome and buffed host doing his thing, helping out. Back on market.

Here's all we're doing tonight with deciphering. That's tonight. We've had two days down. We're going to decipher. How do we decipher? Strength. That's all. Are there any secretariates out there, horse racing?

Or is there the ones that finished last in that race? By the way, did you know secretariat's time in the Belmont, one by 400 lengths, still the record today? How many years later? unbelievable. Thought I mentioned that. And that's all we're going to do tonight. We're going to decipher. And again, it's easiest to cipher when things get weak.

And we have this listing page. I already crossed out 47 names at 3 o'clock today. Names that just aren't making the grade. Or we're coming on because of AI, but only because of AI. And already hitting the wall and not only breaking down, but breaking down badly. So there's going to be fewer and fewer after tonight. Whether it turns into something words don't know, and gather it will depend if rates keep going higher. Watch the 4% level.

We finish at 4.041. If we stay above 4, not great. If we can get back below 4, it can mean resistance right at the level from a few months back. And that could help. We'll see. You'll have a great evening. Drive carefully. I'm going for a steam and a stretch.

Can't do much more. And when you get home like we do, quite simple. Make sure you hug your family. Make sure you hug your children. They will feel better. You will feel better. I promise. Have a great evening, everybody.

Stay well, be well. Get smart. Be smart. Have a great one until tomorrow. Bye, bye, bye, all. Take care. This has been Investors Edge with Gary Cultbaum on BizTobam. To listen to past episodes or to get in contact with Gary, go to GaryK.com.

That's GaryK.com. Success starts with your drive, and 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. 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. tommyjohn.com today for 25% off your first order with code comfort. That's Tommyjohn.com code comfort.

Tommy John. Comfort perfected.