Episode Transcript
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Speaker 1 (00:01):
Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:11):
And welc once again to Investor's Edge. I'm Gary kolbamb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It is Tuesday, it's August twelve, twenty twenty five. Hope
you're having a good day. As always, serious talk on
everything that affects you. We'll do the markets, we'll do
the economy, we'll do your job, your industry. We'll continue
(00:36):
to discuss our love not a love hate, but a
love not love relationship with what's going on out of
DC which will affect us, remember, affect us, and whatever
else comes to mind. And if you don't get this
radio show in your city, we'll post it at gary
(00:56):
ka dot com. We'll also post it on our x feed.
We'll also it would be up on biz TV, YouTube
and other places and all that. And if you'd like
to email us, all you got to do is be nice.
Let's get right into it. What have we been complaining
(01:19):
about with this market? As I take a sip of water. Oh, first, off.
Most important thing. I am number six in my NFL
fantasy draft, just letting you know out of ten PPR.
(01:39):
We'll do that in another day. So we have been
saying to you very simply, the broad market sucks. The
advanced declines in the market have been going south while
the indices of helda, the small caps have been pretty
much dead versus the big caps necessarily dead areas like transports.
(02:05):
Recently the financials were getting hit. They weren't blown out,
wasn't any bear market or anything, but they were in
rough shape. Mentioned the transports, insurance, economically sensitive stuff, a
whole slew of our left screen of down and out
(02:27):
and broken down teching, things like that. And we have
said to you and our quote, if nothing changes, and
if the broad market worsens, eventually they're going to get
the rest. Simple as that, if things worsen, if we
(02:55):
continue to get three to one or two and a
half to one, it's the clin figures during the day
or on the day, Eventually they get the rest. If
nothing changes. Today, the advanced declines on the New York
with thirty four hundred up, eight hundred down on the Nasdaq,
(03:18):
thirty two hundred up, eleven hundred down where to the
nearest hundred. It was a great advanced decline day. You know.
It started off we got an inflation report that was
just as expected. That's all. It was just as expected.
And we never asked why we didn't see any news
(03:40):
except that the China tariffs there weren't going to be
any There's not going to be anything for another ninety
days when we hit another night number, another date where
supposedly the president was going to put the screws to them.
You remember that, right, Maybe that was it. I don't know,
(04:03):
don't care. The areas of the market we've been complaining
about that if they continue to go lower. Most woked
up today had a very good day. Are they out
of their down trends? Out of they out of their
bad markets? Well, let me just report to you a
(04:25):
few things. Goldman Sachs breaks out to new yearly highs,
black Rock breaks out to new yearly highs. Morgan Stanley
breaks out to new yearly highs. Three important banks break
out to new yearly highs. Now. I can't say that
for the rest, but that will be important. The transports
up four hundred and fifty three points today. I think
(04:47):
there was like three percent. Boyd we take that they
were getting hit and hit very hard. The ETFs for
financials which were under pressure, and we use the line
next move wins. Well, the move was up off of
this last drop. Economically sensitive names you know, like my favorites,
(05:10):
United Rentals was up five percent today on two percent
drop in earnings. All the others like symbol EME fix STRL.
How about cement stocks MLM all strong housing housing related
(05:31):
continue its slow drift out of the bear market into
a bullish phase of unknown price and time. The semiconductors
up one hundred and sixty nine today without big moves
in some of the AI names, though Broadcom was up
a couple of percent, and the Russell two thousand, only
(05:53):
two thousand stocks. The IWM needs to well, I'll tell
you what. The high of the last weeks was two
twenty six point seventy one closed a twenty six point
seventy nine the Russell. That's the ETF for the Russell.
The Russell needed to finish above two twenty two eighty
(06:15):
three point twenty. I got it a twenty two eighty
two oh five. Actually it's updating. Maybe it got through.
So let me be clear and concise and absolutely freaking
to the point. Today was a great day for the market,
and it may just put a stamp on further. If
(06:42):
the worst areas of the market stopped going down, that's
good news. If they start going up, that's better news.
Simple as that. Tomorrow's another day, but today, Moui imports.
The Nasdaq one hundred continues to ride up the twenty
(07:06):
one day moving average, with only one day below, and
that was two fridays ago. The S and P continues
to ride up the twenty one day moving average, with
one day below, and that is two fridays ago. I
believe it was August first. And I love that the
(07:28):
bank's financials had a good day, and I love that
the semiconductors were strong. There's your stories. Oh and the
Philadelphia Semiconductor Index. Am I right in saying this went
to new yearly high at the close today? And again,
(07:49):
I don't give a crap what the reasons are. I
can tell you. Yield ten year yield was up today.
Oil was down. Maybe it was the day sinking again,
I don't know. The President says it's all because of him. Terrific, terrific.
(08:11):
You can take all the credit he wants. I don't care.
That's the story. And as we are reported to you
before today, the innards of the market have been terrible,
especially the NASDAC types. Maybe today starts that change. As
(08:37):
always will be here every day and we'll let you know.
But new highs usually beget new highs. Oh and by
the way, the new yearly high list really expanded today
because of this good day again, a broad market day,
and building slash construction also good. Oh. By the way,
(09:00):
in the dow even United Health was up nine points today.
I am very agnostic there. It's what can I tell you?
Nine down points is about sixty nine points. Up is
sixty doll points. The big story was Goldman Sachs today,
finishing up twenty four six times two is twelve one forty.
(09:23):
That's about one hundred and fifty five one hundred and
sixty Dow points on one name, Goldman Sachs. American Express
up seven, that'll be forty five doll points. Boeing almost
up seven, that's forty five doll points. Home Depot up eight.
That's about fifty some odd dow points. And by the way,
we talk home deep up that's two percent we'll take it.
(09:45):
Microsoft up seven, that's about forty five Dow points. What
more can I tell you? It was a very good day.
There were other blow ups because earnings, but we're getting
out of earning seasons. I can tell you much less
earnings this week as we came off of last week.
(10:10):
And we'll see what the world brings us. But I'm
gonna repeat, and I don't want to shrug it off
and I don't want to minimize. Today was a really
good day and it potentially sets up a lot of
stocks going forward. And as I said, you had a
(10:31):
big increase in the new Yearly High Risk list today.
Up next, more in the markets, Movers of a day,
News of to day.
Speaker 3 (10:38):
I'm Gary.
Speaker 2 (10:39):
This is the one only Investor's Edge. Hi.
Speaker 3 (11:02):
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Speaker 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where you're listening to. Okay, it
fun Investor's Edge, the last bastion of quality programming with
Gary called Bomb. It doesn't get better than.
Speaker 2 (12:20):
This, and wealk once again to Investor's Edge. You know,
I'm going through my scans and I gotta tell you
frothing a little bit here, some really good setups for
(12:47):
higher prices orf for recent strong reaction to earnings and continuation.
The market is expensive, big dose of bullishness still out
there that matter to me. I watch price and price
really spoke up today again. Nothing's ever one hundred percent,
(13:13):
But we love three to one advanced declines on the
NASDAC and boy, oh boy, how about more than four
to one on the NYSC and how about almost three
percent on the Brussel two thousand two percent in the
(13:35):
mid cap four hundred. Yay, it's what we've been wanting
to see. I repeat though, to Mar's another day, and
when you're dancing on a little needle, anything's possible tomorrow.
But that was a real good day. I know you've
been hearing August and September supposed to be really bad.
(13:56):
We don't pay attention to that. We know about seasonality,
we don't pay attention to it. If the market starts cracking,
we'll remember it because it's in the file manager our brain.
But we're just paying attention to price. Everything else is noise.
(14:17):
Everything else we don't care about, and we have been
receiving just so you know, as I've told you on X,
we have our ability. I don't know if you know this.
You can follow somebody and everything gets pushed to you.
So in other words, if there's a good technical analyst
out there and I follow them, it'll get pushed to me.
(14:42):
Everything they're putting out on X And we also follow
some what we call perma bears. We don't mind that
we don't give them much weight, but they're people that,
no matter what, I think, the world is ending because
of something. You know, you know I'm talking about. Right,
(15:05):
there's a guy out there that's been doing books for
thirty years and lying about the timing of the books,
about recessions and depressions and crashes and fabulous decades. I
can't tell you how wrong he's been anyway, calling for
a crash, but been calling for a crash for a
good eighteen months. There's another one. There's a few. Again
(15:28):
we're not paying any attention. We think ultimately the debt
and deficits is gonna you know, amongst a few other things.
But it ain't here yet. And today was a good day.
Not going to minimize it can't, especially with the new
yearly high list really perking up today. And I want
(15:52):
to repeat again, I don't care. Why does not matter
to me? And I always get the question, well, transport
or it's getting hit hard, getting hit hard, all of
a sudden boom up to the upside. So we're not
going into recession. Remember what we've told you there's no
recessions unless the market really goes into a bit correction.
If not, more market has always flushed out real bad
(16:16):
economic trouble always. Now we're going to watch the small
and mid caps to see if they can go topside.
If they can, that's a lot more stocks working, simple
as that. That would be a lot more stocks working.
(16:38):
We'll let you know tomorrow. By the way, the DOO
the TAO has not broken out. There's still about seven
hundred points, but I got to tell you it could
be next. And remember the DOO is still working off
of United Health, which is still down like two thousand
(17:00):
down points since the highs. The doubt would be in
record his if not for United Health. Oh, by the way,
we do know everything counts. But things are different for
United Health now because it's no longer a six hundred
dollars stock. Back then one percent with six bucks now
one percent is only uh two dollars and sixty cents,
(17:24):
So things change a little bit. And back on the banks,
I can't tell you how mooi importante, that is very important.
And back on the semis moui importante. Notice my Spanish,
(17:46):
I will promise my I've been procrastinating learning Italian and Spanish.
I took six years of Spanish and I don't remember much. Sorry,
that's on me. Now there's some other crap going on.
(18:06):
I just want to give you the unbiased, unbiased you see,
ladies and gentlemen, As you know, whether left or right,
the lefties will defend the left no matter what. The
righties will defend the right no matter what. The lefties
will bless the right no matter what. The right's will
bless the left no matter what. We can't stand any
(18:29):
of them, so we call balls and strikes. Whoever does
good gets the compliments, whoever does wrong gets smacked. And
I want to bring up something that is of import
because there's a lot of bs going on about the tariff,
something we have covered since day one. We warned you
(18:50):
how bad they were going to be if they did it.
Little did we know that they were going to do
this Liberation Day back in April, which kicked the market.
The market dropped ten percent in two days. And now
the market's back and all the apologists for the president
(19:12):
are out saying told you so. All the economists were
wrong that said we're going to have big inflation and
recessions and trouble. What the apologist for Trump don't tell
you is what we tell you. If he did not pause,
(19:36):
if he did not change his stance, if he kept
one hundred and forty five percent on China, one hundred
on Vietnam, well you saw what happened for those two days.
On top of that, commerce was stopping. I read to
you stories about car companies to stop delivering, how Amazons
(20:01):
stopped delivering certain things. We give them the credit for
changing their mind. Because the market was crashing, the economy
was slowing. We give them that credit. And part of
leadership is when you're wrong, you change. Of course, they
(20:22):
didn't admit they are they were wrong. They said, well, Robert, Robert,
Rober brah and of course they know the timeline of life.
You forget about what happened months ago. All is well,
why are we bringing this up one more time? I'll
explain up next, it's called human nature. That's up next.
(20:46):
On Investor's Edge.
Speaker 4 (21:11):
You're listening to. America is talking Investors Edge. He's gotta
be the crowd is just on his feet. Here a
boy with Gary called Bob come highly recommended.
Speaker 1 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:32):
So, as I said, the pundits on the right, the
apologists on the right, the kiss butts on the right
of the president, are out in droves now telling you
everyone was wrong. Told you so, everyone's wrong. Tarffs haven't
(21:53):
heard anything. Everything's good. Inflations down, didn't cause inflation, didn't
do that, didn't do that, didn't do this. But they
don't tell you that's because they got rid of the tariffs.
Wait a minute, they didn't get rid of the tariffs. Gary,
Oh really, Gary, didn't we hear that most countries have
(22:14):
ten to fifteen percent tariffs? Yeah? Doesn't China still have
thirty percent? Yeah? What have we told you about ten percent?
It's a fly on an elephant's ours. What have we
told you about ten percent? They get cheated on, worked out,
(22:39):
or negotiated. They're minuscule, especially for the big companies. What
did we tell you about China thirty percent? He exempted everything.
They don't tell you that we do. Go look up exemptions.
(23:00):
He just put a fifty percent on Brazil, right, and
he exempted the three most important imports to hear from Brazil.
So I just want to make sure you know you're
being snowed. You're being conned by the what we call
the tank of Trump. That's their job, don't We don't
(23:23):
begrudge them, but we want to make sure you know
we're going to stay on top of it. And here's why.
As we said, human nature. Trump was out today saying,
told you tafts are great. They're fabulous for this country.
It's bringing hundreds of billions of dollars into the country. Well,
as usual, he's lying. He's a good liar. And by
(23:46):
the way, we don't hold that against them because look
what Biden did, Look what the rest of them did.
They were all full of crap in DC. The money
isn't coming in from other places. Apple just paid one
point nine billion dollars. Why do you think Tim Cook
ran to the White House on Ben Deney please miss
(24:08):
the president. He just got exempt everything. Oh, don't worry,
we'll spend six hundred billion now knowing that the president's
gone in three and a half years, Human nature. President's
taken victory lapse. Now that tariff, it's a great I
(24:29):
saw somebody today say they're worried that the tariffs may
go away because of judges. Really, you're worried about higher
taxes going away because of judges. So what am I
worried about? Human nature? If the president really believes tariffs
(24:53):
are so freaking fabulous, what's to keep him from going
back to one hundred percent one hundred and forty five percent,
Because if he does, all hell's going to break loose.
Mark my words. All hell was breaking loose in April.
(25:17):
We'll keep watch. But right now the tariffs have been minimized,
most have gone away, a few still there, but it
is exemption city. They just exempted Taiwan Semiconductor because they're
(25:41):
going to Oh my favorite line from the President on
this is if you promise to build in the future,
we'll exempt you, which takes me to the next part
of the equation. I don't like a president of the
United States shaking down companies. You do this, and I'll
(26:06):
do that with tax policy. I think it's nauseating all
you on the right. If Biden did that, you'd be
having crap fits. The chips from China. You're paying US
fifteen percent or else. It's ridiculous. This worries me longer term.
(26:29):
We'll see how it plays out. As we said, it's
somewhat dictatorial using tax policy from the White House. When
tax policy is supposed to come from the House Senate,
then the White House. We'll say. So that's the story
on tariffs. My love hate relationship turns to love. And
(26:53):
why does crime have something to do with markets? Well,
go look at businesses in Oakland right now and some
other cities. So the President wants to really get tough
on Washington, DC. And just so you know, the reporters
are reporting fake numbers. They've given out numbers that things
(27:14):
got better in DC, but they don't give out numbers
including juveniles. And there's a ton of juvenile crime and
including a lot of carjacking, where by the way, Washington,
DC had to put out flyers on how to protect
yourself from carjackings. I think the President is fine doing this.
(27:35):
Why would anybody argue, Why would anybody be upset about
having more police or the National Guard in a city
that's having real problems with crime. Oh, that's right, because
it's the other side of the aisle. I watched on MSNBC.
(27:55):
By the way, I've been putting it on lately because
I got to see what they have to say. And
by the way, I just want to let you know
they think you're racist. So they had a guy on
there saying, I had to hold my temper. He was
seething over Trump's crackdown on crime. Imagine he's a Princeton
University Professor's names Eddie Glad. He was trying to hold
(28:18):
his temper while covering this really and he's saying it's
racist and it hurts blacks and stuff like that. And
this is a black gentleman. And I'm thinking to myself,
do you know where the most crime ridden areas are
the black communities? And that the President's going to go
in and try to do everything possible to knock out
(28:39):
crime in those communities. Yet you have a black man
on MSNBC saying he's seething and he's gonna try and
hold his temper because the president wants to fight crime.
And the Democrats want to know why they lost the
election to Donald Trump. The guy who kept saying he
(29:01):
won the election in twenty twenty, it's because the left
is nuts. The lowest hanging fruit is to protect citizens
from crime and bad people, and the President's out there
trying to do that. Or Chevy handed Good, you know
(29:25):
how you solve crime or stop crime? Never one hundred percent.
You make sure the people who are thinking about doing
the crime pay a penalty. You know this videos online
of juveniles who murdered people laughing in court because they
(29:46):
think they're going to go to some juvenile jail. The
good news is now judge are saying, screw you. You're
now an adult and you're going away for life. Imagine
if these sixteen year old carjackers know, instead of not
even being indicted, you're gonna be charged as an adult
(30:11):
and your bond's gonna be quarter million bucks and if
you don't come up with it, you're gonna be in jail.
And then we're gonna treat you as an adult and
if you are found guilty, you're gone for ten to fifteen.
What do you think happens. Well, I don't know, but
maybe somebody's gonna think twice. So while I kind of
(30:31):
sort of rip the president on one thing, I am
applauding him on another, the love hate relationship. Oh and
by the way, also dictatorial? Is he just put in
somebody Donald Trump's gonna be running the Bureau and labor statistics?
By the way, he put in somebody I love to
run it. EJ And Tonio. I've been on TV with
(30:53):
I love the guy. But you know it's gonna happen, right,
You know it's gonna happen. They're already talking about not
doing monthly jobs reports anymore. You do know if the
last month there was a creation of a quarter million jobs,
(31:14):
this wouldn't happen. That's the other part of Trump that
nauseates me. We'll keep our fingers crossed. We're rooting for him.
The market's another new high today. So hey, as my
father always said, it's all about under his watch, finding
(31:38):
dandy with us pay up next, this, that and the
other thing. Oh, I got a few more areas of
the market to discuss. This is the one only investor's.
Speaker 4 (31:48):
Edge you're listening to. What are you waiting for?
Speaker 2 (32:18):
One? Ready?
Speaker 4 (32:25):
We can't recalled bo.
Speaker 2 (32:46):
Uh. Before I go back to the market, let me
defend the one more time on something important. Uh. The
New York Times they're just full of crap. It's they're disgusting.
Just so you know what some of this media do
is they will come up with a headline and just
try to fit into their headline that they put in.
(33:08):
Listen to this bull crap. You ready, this is a
headline Trump promised a golden age, then a Montana lumber
plant closed down. Trump promised a golden age, then a
Montana lumber plant closed down. Last I looked, in the
(33:31):
world of capitalism and the world that we live in,
you get store shut plants closed down. Do you ever
think under Biden they were to put something like Biden
promised strong economy, then a Montana lumber plant closed down. No,
all they did was they came up with an article
(33:52):
that a Montana lumber plant closed down, and then put
Trump in there as the problem. We just want you
to remember these things. They don't care about you. Their
job is to make you mad and piss you off
at somebody so you don't elect that side again. Just
(34:13):
remember that this lumber plant shutting down had nothing to
do with President Trump at all, but that was the headline.
Just want to let you know, moui importante. Remember here,
(34:35):
when we take on Trump, it's factual. When we compliment them,
it's factual. I'd like to say when we compliment the left,
but there is not one thing I can compliment them
about over the last bunch of years unforgivable. What Biden
(34:55):
did with the border and the left enabling them. Unforgive
Bull him raising the size and scope of government, massive
debt and deficits, doubling it up, unforgivable, handing out billions
of dollars to his friends and donors in the last
few weeks who created fake climate companies and goos and
(35:20):
got the money and their grants, never having to be
paid back. So they're lining their freaking pockets. Unforgivable. We'll
do the same with Trump if he does unforgivable things,
and boy, the left goes after him every day. Back
on markets. Oh, by the way, my wife and son
(35:44):
are going to Japan. My son was going. I said
to my wife, go with them. So they're going. And
I forgot how good I knew Tokyo and Japan. I've
been there, love it. I can't go. I got to
take care of the dad. If you ever been to,
(36:06):
you gotta go. What a great country, fabulous country. Loved
it there all right. Back on markets, Number one, if
I had a reach, I would say, the market's looking
at uh, the FED cutting rates. I don't know why
(36:29):
that would juice, but people tell me there's a rhyme
in a reason. Okay, fine, should help small caps That's
what they tell me is did it start today again? Well,
it was a damn good day. Should help other areas,
the economically sensitive and stuff. Well, those are transports and
all those other things. Well they've been getting hit hard
(36:50):
all of a sudden. They woke up today and boy
they woke up big, some good two to three percent
moves United rentals as we said, five percent. They tell
me also because of the Fed's going to lower rates
and this and that that. Look at these other areas well.
The banks, banks got hit hard two fridays ago, sat
(37:12):
around for a few days. There was a day it
looked like they were gonna tumble again. Nope, they gapped
them up today. Strong day in some of the stronger
names moving to new high ground as mentioned earlier, all
good things. I have to tell you. Also, are you
ready for this? The airlines have been acting terrible. Go
look at the symbol jets Jets, Jets Jets, big move
(37:36):
today of seven percent in the airlines. Economically sensitive hotels,
the hotels have been very weak. Hilton pulled back from
two eighty to two sixty quickly, Boom up three percent today.
Marry Out weaker than Hilton. Well that's weak. Forget the
(37:58):
Marrier anyway. Hotels perked up today, Royal Caribbean the strongest
cruise line down to the fifty day. That was up
three percent today. Retail Burlington up eight, Bootbarn up seven today,
Dick Sporting Goods up ten today, Restoration hardware guess what
that is? Housing related up nine percent today. It's still
(38:24):
down fifty percent from January though, but those housing and
housing related continue what we call potentially going from stage
one to stage two in stan Weinstein parlance. Notice the
big word. Stage one is the bottoming. Stage two is
(38:46):
the start of the ascending, and then you go two
way to be depending on where you are. So that's
going on also. And they even well let's see they
did the modity space today too. On the dollar sinking again.
(39:06):
Pretty good, So very good day again. I don't want
to minimize. It was a very good day today. And
when I look right in front of me and see
that the new yearly high list picked up in an
very strong fashion, I think that says a bunch though.
(39:27):
I think those are the best numbers I have seen
in months, in months, so let me repeat again, Tomorrow
is another day, anything as possible, But I think there's
a chance here. I want to say this the best
way without trying to get too excited or the other way.
(39:49):
I think there's a good chance today was some lift
off of the areas that were lagging badly. How's that okay?
You all have a great evening. Hey, thanks for your emails.
When I you know I've been telling you about my father.
Drive carefully when you get home, do like I do.
(40:10):
Quite simple. Make sure you hug your family. Make sure
you hug your children. They will feel better. You will
feel better. I promise they will be well. Let's hope
the market keeps doing what it's doing. Have a good one, everybody, goodnight.
Speaker 1 (40:22):
This has been Investor's Edge with Gary kult Mom on
biz Talk. To listen to past episodes or to get
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Investor's Edge with Gary Cultbomb, straight talk about you and
your money now from the Biz Talk Studios. Here is
Gary Cultbomb.
Speaker 2 (00:11):
And welc once again to Investor's Edge. I'm Gary kolbamb
your host day. Thanks for being with us today. Glad
you here, ladies and gentlemen. Happy that you are listening.
It is Tuesday, it's August twelve, twenty twenty five. Hope
you're having a good day. As always, serious talk on
everything that affects you. We'll do the markets, we'll do
the economy, we'll do your job, your industry. We'll continue
(00:36):
to discuss our love not a love hate, but a
love not love relationship with what's going on out of
DC which will affect us, remember, affect us, and whatever
else comes to mind. And if you don't get this
radio show in your city, we'll post it at gary
(00:56):
ka dot com. We'll also post it on our x feed.
We'll also it would be up on biz TV, YouTube
and other places and all that. And if you'd like
to email us, all you got to do is be nice.
Let's get right into it. What have we been complaining
(01:19):
about with this market? As I take a sip of water. Oh, first, off.
Most important thing. I am number six in my NFL
fantasy draft, just letting you know out of ten PPR.
(01:39):
We'll do that in another day. So we have been
saying to you very simply, the broad market sucks. The
advanced declines in the market have been going south while
the indices of helda, the small caps have been pretty
much dead versus the big caps necessarily dead areas like transports.
(02:05):
Recently the financials were getting hit. They weren't blown out,
wasn't any bear market or anything, but they were in
rough shape. Mentioned the transports, insurance, economically sensitive stuff, a
whole slew of our left screen of down and out
(02:27):
and broken down teching, things like that. And we have
said to you and our quote, if nothing changes, and
if the broad market worsens, eventually they're going to get
the rest. Simple as that, if things worsen, if we
(02:55):
continue to get three to one or two and a
half to one, it's the clin figures during the day
or on the day, Eventually they get the rest. If
nothing changes. Today, the advanced declines on the New York
with thirty four hundred up, eight hundred down on the Nasdaq,
(03:18):
thirty two hundred up, eleven hundred down where to the
nearest hundred. It was a great advanced decline day. You know.
It started off we got an inflation report that was
just as expected. That's all. It was just as expected.
And we never asked why we didn't see any news
(03:40):
except that the China tariffs there weren't going to be
any There's not going to be anything for another ninety
days when we hit another night number, another date where
supposedly the president was going to put the screws to them.
You remember that, right, Maybe that was it. I don't know,
(04:03):
don't care. The areas of the market we've been complaining
about that if they continue to go lower. Most woked
up today had a very good day. Are they out
of their down trends? Out of they out of their
bad markets? Well, let me just report to you a
(04:25):
few things. Goldman Sachs breaks out to new yearly highs,
black Rock breaks out to new yearly highs. Morgan Stanley
breaks out to new yearly highs. Three important banks break
out to new yearly highs. Now. I can't say that
for the rest, but that will be important. The transports
up four hundred and fifty three points today. I think
(04:47):
there was like three percent. Boyd we take that they
were getting hit and hit very hard. The ETFs for
financials which were under pressure, and we use the line
next move wins. Well, the move was up off of
this last drop. Economically sensitive names you know, like my favorites,
(05:10):
United Rentals was up five percent today on two percent
drop in earnings. All the others like symbol EME fix STRL.
How about cement stocks MLM all strong housing housing related
(05:31):
continue its slow drift out of the bear market into
a bullish phase of unknown price and time. The semiconductors
up one hundred and sixty nine today without big moves
in some of the AI names, though Broadcom was up
a couple of percent, and the Russell two thousand, only
(05:53):
two thousand stocks. The IWM needs to well, I'll tell
you what. The high of the last weeks was two
twenty six point seventy one closed a twenty six point
seventy nine the Russell. That's the ETF for the Russell.
The Russell needed to finish above two twenty two eighty
(06:15):
three point twenty. I got it a twenty two eighty
two oh five. Actually it's updating. Maybe it got through.
So let me be clear and concise and absolutely freaking
to the point. Today was a great day for the market,
and it may just put a stamp on further. If
(06:42):
the worst areas of the market stopped going down, that's
good news. If they start going up, that's better news.
Simple as that. Tomorrow's another day, but today, Moui imports.
The Nasdaq one hundred continues to ride up the twenty
(07:06):
one day moving average, with only one day below, and
that was two fridays ago. The S and P continues
to ride up the twenty one day moving average, with
one day below, and that is two fridays ago. I
believe it was August first. And I love that the
(07:28):
bank's financials had a good day, and I love that
the semiconductors were strong. There's your stories. Oh and the
Philadelphia Semiconductor Index. Am I right in saying this went
to new yearly high at the close today? And again,
(07:49):
I don't give a crap what the reasons are. I
can tell you. Yield ten year yield was up today.
Oil was down. Maybe it was the day sinking again,
I don't know. The President says it's all because of him. Terrific, terrific.
(08:11):
You can take all the credit he wants. I don't care.
That's the story. And as we are reported to you
before today, the innards of the market have been terrible,
especially the NASDAC types. Maybe today starts that change. As
(08:37):
always will be here every day and we'll let you know.
But new highs usually beget new highs. Oh and by
the way, the new yearly high list really expanded today
because of this good day again, a broad market day,
and building slash construction also good. Oh. By the way,
(09:00):
in the dow even United Health was up nine points today.
I am very agnostic there. It's what can I tell you?
Nine down points is about sixty nine points. Up is
sixty doll points. The big story was Goldman Sachs today,
finishing up twenty four six times two is twelve one forty.
(09:23):
That's about one hundred and fifty five one hundred and
sixty Dow points on one name, Goldman Sachs. American Express
up seven, that'll be forty five doll points. Boeing almost
up seven, that's forty five doll points. Home Depot up eight.
That's about fifty some odd dow points. And by the way,
we talk home deep up that's two percent we'll take it.
(09:45):
Microsoft up seven, that's about forty five Dow points. What
more can I tell you? It was a very good day.
There were other blow ups because earnings, but we're getting
out of earning seasons. I can tell you much less
earnings this week as we came off of last week.
(10:10):
And we'll see what the world brings us. But I'm
gonna repeat, and I don't want to shrug it off
and I don't want to minimize. Today was a really
good day and it potentially sets up a lot of
stocks going forward. And as I said, you had a
(10:31):
big increase in the new Yearly High Risk list today.
Up next, more in the markets, Movers of a day,
News of to day.
Speaker 3 (10:38):
I'm Gary.
Speaker 2 (10:39):
This is the one only Investor's Edge. Hi.
Speaker 3 (11:02):
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Speaker 4 (12:05):
It's time to switch on the integrator units and to
get the brain cells where you're listening to. Okay, it
fun Investor's Edge, the last bastion of quality programming with
Gary called Bomb. It doesn't get better than.
Speaker 2 (12:20):
This, and wealk once again to Investor's Edge. You know,
I'm going through my scans and I gotta tell you
frothing a little bit here, some really good setups for
(12:47):
higher prices orf for recent strong reaction to earnings and continuation.
The market is expensive, big dose of bullishness still out
there that matter to me. I watch price and price
really spoke up today again. Nothing's ever one hundred percent,
(13:13):
But we love three to one advanced declines on the
NASDAC and boy, oh boy, how about more than four
to one on the NYSC and how about almost three
percent on the Brussel two thousand two percent in the
(13:35):
mid cap four hundred. Yay, it's what we've been wanting
to see. I repeat though, to Mar's another day, and
when you're dancing on a little needle, anything's possible tomorrow.
But that was a real good day. I know you've
been hearing August and September supposed to be really bad.
(13:56):
We don't pay attention to that. We know about seasonality,
we don't pay attention to it. If the market starts cracking,
we'll remember it because it's in the file manager our brain.
But we're just paying attention to price. Everything else is noise.
(14:17):
Everything else we don't care about, and we have been
receiving just so you know, as I've told you on X,
we have our ability. I don't know if you know this.
You can follow somebody and everything gets pushed to you.
So in other words, if there's a good technical analyst
out there and I follow them, it'll get pushed to me.
(14:42):
Everything they're putting out on X And we also follow
some what we call perma bears. We don't mind that
we don't give them much weight, but they're people that,
no matter what, I think, the world is ending because
of something. You know, you know I'm talking about. Right,
(15:05):
there's a guy out there that's been doing books for
thirty years and lying about the timing of the books,
about recessions and depressions and crashes and fabulous decades. I
can't tell you how wrong he's been anyway, calling for
a crash, but been calling for a crash for a
good eighteen months. There's another one. There's a few. Again
(15:28):
we're not paying any attention. We think ultimately the debt
and deficits is gonna you know, amongst a few other things.
But it ain't here yet. And today was a good day.
Not going to minimize it can't, especially with the new
yearly high list really perking up today. And I want
(15:52):
to repeat again, I don't care. Why does not matter
to me? And I always get the question, well, transport
or it's getting hit hard, getting hit hard, all of
a sudden boom up to the upside. So we're not
going into recession. Remember what we've told you there's no
recessions unless the market really goes into a bit correction.
If not, more market has always flushed out real bad
(16:16):
economic trouble always. Now we're going to watch the small
and mid caps to see if they can go topside.
If they can, that's a lot more stocks working, simple
as that. That would be a lot more stocks working.
(16:38):
We'll let you know tomorrow. By the way, the DOO
the TAO has not broken out. There's still about seven
hundred points, but I got to tell you it could
be next. And remember the DOO is still working off
of United Health, which is still down like two thousand
(17:00):
down points since the highs. The doubt would be in
record his if not for United Health. Oh, by the way,
we do know everything counts. But things are different for
United Health now because it's no longer a six hundred
dollars stock. Back then one percent with six bucks now
one percent is only uh two dollars and sixty cents,
(17:24):
So things change a little bit. And back on the banks,
I can't tell you how mooi importante, that is very important.
And back on the semis moui importante. Notice my Spanish,
(17:46):
I will promise my I've been procrastinating learning Italian and Spanish.
I took six years of Spanish and I don't remember much. Sorry,
that's on me. Now there's some other crap going on.
(18:06):
I just want to give you the unbiased, unbiased you see,
ladies and gentlemen, As you know, whether left or right,
the lefties will defend the left no matter what. The
righties will defend the right no matter what. The lefties
will bless the right no matter what. The right's will
bless the left no matter what. We can't stand any
(18:29):
of them, so we call balls and strikes. Whoever does
good gets the compliments, whoever does wrong gets smacked. And
I want to bring up something that is of import
because there's a lot of bs going on about the tariff,
something we have covered since day one. We warned you
(18:50):
how bad they were going to be if they did it.
Little did we know that they were going to do
this Liberation Day back in April, which kicked the market.
The market dropped ten percent in two days. And now
the market's back and all the apologists for the president
(19:12):
are out saying told you so. All the economists were
wrong that said we're going to have big inflation and
recessions and trouble. What the apologist for Trump don't tell
you is what we tell you. If he did not pause,
(19:36):
if he did not change his stance, if he kept
one hundred and forty five percent on China, one hundred
on Vietnam, well you saw what happened for those two days.
On top of that, commerce was stopping. I read to
you stories about car companies to stop delivering, how Amazons
(20:01):
stopped delivering certain things. We give them the credit for
changing their mind. Because the market was crashing, the economy
was slowing. We give them that credit. And part of
leadership is when you're wrong, you change. Of course, they
(20:22):
didn't admit they are they were wrong. They said, well, Robert, Robert,
Rober brah and of course they know the timeline of life.
You forget about what happened months ago. All is well,
why are we bringing this up one more time? I'll
explain up next, it's called human nature. That's up next.
(20:46):
On Investor's Edge.
Speaker 4 (21:11):
You're listening to. America is talking Investors Edge. He's gotta
be the crowd is just on his feet. Here a
boy with Gary called Bob come highly recommended.
Speaker 1 (21:24):
You're gonna feel better if you talk to him.
Speaker 2 (21:32):
So, as I said, the pundits on the right, the
apologists on the right, the kiss butts on the right
of the president, are out in droves now telling you
everyone was wrong. Told you so, everyone's wrong. Tarffs haven't
(21:53):
heard anything. Everything's good. Inflations down, didn't cause inflation, didn't
do that, didn't do that, didn't do this. But they
don't tell you that's because they got rid of the tariffs.
Wait a minute, they didn't get rid of the tariffs. Gary,
Oh really, Gary, didn't we hear that most countries have
(22:14):
ten to fifteen percent tariffs? Yeah? Doesn't China still have
thirty percent? Yeah? What have we told you about ten percent?
It's a fly on an elephant's ours. What have we
told you about ten percent? They get cheated on, worked out,
(22:39):
or negotiated. They're minuscule, especially for the big companies. What
did we tell you about China thirty percent? He exempted everything.
They don't tell you that we do. Go look up exemptions.
(23:00):
He just put a fifty percent on Brazil, right, and
he exempted the three most important imports to hear from Brazil.
So I just want to make sure you know you're
being snowed. You're being conned by the what we call
the tank of Trump. That's their job, don't We don't
(23:23):
begrudge them, but we want to make sure you know
we're going to stay on top of it. And here's why.
As we said, human nature. Trump was out today saying,
told you tafts are great. They're fabulous for this country.
It's bringing hundreds of billions of dollars into the country. Well,
as usual, he's lying. He's a good liar. And by
(23:46):
the way, we don't hold that against them because look
what Biden did, Look what the rest of them did.
They were all full of crap in DC. The money
isn't coming in from other places. Apple just paid one
point nine billion dollars. Why do you think Tim Cook
ran to the White House on Ben Deney please miss
(24:08):
the president. He just got exempt everything. Oh, don't worry,
we'll spend six hundred billion now knowing that the president's
gone in three and a half years, Human nature. President's
taken victory lapse. Now that tariff, it's a great I
(24:29):
saw somebody today say they're worried that the tariffs may
go away because of judges. Really, you're worried about higher
taxes going away because of judges. So what am I
worried about? Human nature? If the president really believes tariffs
(24:53):
are so freaking fabulous, what's to keep him from going
back to one hundred percent one hundred and forty five percent,
Because if he does, all hell's going to break loose.
Mark my words. All hell was breaking loose in April.
(25:17):
We'll keep watch. But right now the tariffs have been minimized,
most have gone away, a few still there, but it
is exemption city. They just exempted Taiwan Semiconductor because they're
(25:41):
going to Oh my favorite line from the President on
this is if you promise to build in the future,
we'll exempt you, which takes me to the next part
of the equation. I don't like a president of the
United States shaking down companies. You do this, and I'll
(26:06):
do that with tax policy. I think it's nauseating all
you on the right. If Biden did that, you'd be
having crap fits. The chips from China. You're paying US
fifteen percent or else. It's ridiculous. This worries me longer term.
(26:29):
We'll see how it plays out. As we said, it's
somewhat dictatorial using tax policy from the White House. When
tax policy is supposed to come from the House Senate,
then the White House. We'll say. So that's the story
on tariffs. My love hate relationship turns to love. And
(26:53):
why does crime have something to do with markets? Well,
go look at businesses in Oakland right now and some
other cities. So the President wants to really get tough
on Washington, DC. And just so you know, the reporters
are reporting fake numbers. They've given out numbers that things
(27:14):
got better in DC, but they don't give out numbers
including juveniles. And there's a ton of juvenile crime and
including a lot of carjacking, where by the way, Washington,
DC had to put out flyers on how to protect
yourself from carjackings. I think the President is fine doing this.
(27:35):
Why would anybody argue, Why would anybody be upset about
having more police or the National Guard in a city
that's having real problems with crime. Oh, that's right, because
it's the other side of the aisle. I watched on MSNBC.
(27:55):
By the way, I've been putting it on lately because
I got to see what they have to say. And
by the way, I just want to let you know
they think you're racist. So they had a guy on
there saying, I had to hold my temper. He was
seething over Trump's crackdown on crime. Imagine he's a Princeton
University Professor's names Eddie Glad. He was trying to hold
(28:18):
his temper while covering this really and he's saying it's
racist and it hurts blacks and stuff like that. And
this is a black gentleman. And I'm thinking to myself,
do you know where the most crime ridden areas are
the black communities? And that the President's going to go
in and try to do everything possible to knock out
(28:39):
crime in those communities. Yet you have a black man
on MSNBC saying he's seething and he's gonna try and
hold his temper because the president wants to fight crime.
And the Democrats want to know why they lost the
election to Donald Trump. The guy who kept saying he
(29:01):
won the election in twenty twenty, it's because the left
is nuts. The lowest hanging fruit is to protect citizens
from crime and bad people, and the President's out there
trying to do that. Or Chevy handed Good, you know
(29:25):
how you solve crime or stop crime? Never one hundred percent.
You make sure the people who are thinking about doing
the crime pay a penalty. You know this videos online
of juveniles who murdered people laughing in court because they
(29:46):
think they're going to go to some juvenile jail. The
good news is now judge are saying, screw you. You're
now an adult and you're going away for life. Imagine
if these sixteen year old carjackers know, instead of not
even being indicted, you're gonna be charged as an adult
(30:11):
and your bond's gonna be quarter million bucks and if
you don't come up with it, you're gonna be in jail.
And then we're gonna treat you as an adult and
if you are found guilty, you're gone for ten to fifteen.
What do you think happens. Well, I don't know, but
maybe somebody's gonna think twice. So while I kind of
(30:31):
sort of rip the president on one thing, I am
applauding him on another, the love hate relationship. Oh and
by the way, also dictatorial? Is he just put in
somebody Donald Trump's gonna be running the Bureau and labor statistics?
By the way, he put in somebody I love to
run it. EJ And Tonio. I've been on TV with
(30:53):
I love the guy. But you know it's gonna happen, right,
You know it's gonna happen. They're already talking about not
doing monthly jobs reports anymore. You do know if the
last month there was a creation of a quarter million jobs,
(31:14):
this wouldn't happen. That's the other part of Trump that
nauseates me. We'll keep our fingers crossed. We're rooting for him.
The market's another new high today. So hey, as my
father always said, it's all about under his watch, finding
(31:38):
dandy with us pay up next, this, that and the
other thing. Oh, I got a few more areas of
the market to discuss. This is the one only investor's.
Speaker 4 (31:48):
Edge you're listening to. What are you waiting for?
Speaker 2 (32:18):
One? Ready?
Speaker 4 (32:25):
We can't recalled bo.
Speaker 2 (32:46):
Uh. Before I go back to the market, let me
defend the one more time on something important. Uh. The
New York Times they're just full of crap. It's they're disgusting.
Just so you know what some of this media do
is they will come up with a headline and just
try to fit into their headline that they put in.
(33:08):
Listen to this bull crap. You ready, this is a
headline Trump promised a golden age, then a Montana lumber
plant closed down. Trump promised a golden age, then a
Montana lumber plant closed down. Last I looked, in the
(33:31):
world of capitalism and the world that we live in,
you get store shut plants closed down. Do you ever
think under Biden they were to put something like Biden
promised strong economy, then a Montana lumber plant closed down. No,
all they did was they came up with an article
(33:52):
that a Montana lumber plant closed down, and then put
Trump in there as the problem. We just want you
to remember these things. They don't care about you. Their
job is to make you mad and piss you off
at somebody so you don't elect that side again. Just
(34:13):
remember that this lumber plant shutting down had nothing to
do with President Trump at all, but that was the headline.
Just want to let you know, moui importante. Remember here,
(34:35):
when we take on Trump, it's factual. When we compliment them,
it's factual. I'd like to say when we compliment the left,
but there is not one thing I can compliment them
about over the last bunch of years unforgivable. What Biden
(34:55):
did with the border and the left enabling them. Unforgive
Bull him raising the size and scope of government, massive
debt and deficits, doubling it up, unforgivable, handing out billions
of dollars to his friends and donors in the last
few weeks who created fake climate companies and goos and
(35:20):
got the money and their grants, never having to be
paid back. So they're lining their freaking pockets. Unforgivable. We'll
do the same with Trump if he does unforgivable things,
and boy, the left goes after him every day. Back
on markets. Oh, by the way, my wife and son
(35:44):
are going to Japan. My son was going. I said
to my wife, go with them. So they're going. And
I forgot how good I knew Tokyo and Japan. I've
been there, love it. I can't go. I got to
take care of the dad. If you ever been to,
(36:06):
you gotta go. What a great country, fabulous country. Loved
it there all right. Back on markets, Number one, if
I had a reach, I would say, the market's looking
at uh, the FED cutting rates. I don't know why
(36:29):
that would juice, but people tell me there's a rhyme
in a reason. Okay, fine, should help small caps That's
what they tell me is did it start today again? Well,
it was a damn good day. Should help other areas,
the economically sensitive and stuff. Well, those are transports and
all those other things. Well they've been getting hit hard
(36:50):
all of a sudden. They woke up today and boy
they woke up big, some good two to three percent
moves United rentals as we said, five percent. They tell
me also because of the Fed's going to lower rates
and this and that that. Look at these other areas well.
The banks, banks got hit hard two fridays ago, sat
(37:12):
around for a few days. There was a day it
looked like they were gonna tumble again. Nope, they gapped
them up today. Strong day in some of the stronger
names moving to new high ground as mentioned earlier, all
good things. I have to tell you. Also, are you
ready for this? The airlines have been acting terrible. Go
look at the symbol jets Jets, Jets Jets, big move
(37:36):
today of seven percent in the airlines. Economically sensitive hotels,
the hotels have been very weak. Hilton pulled back from
two eighty to two sixty quickly, Boom up three percent today.
Marry Out weaker than Hilton. Well that's weak. Forget the
(37:58):
Marrier anyway. Hotels perked up today, Royal Caribbean the strongest
cruise line down to the fifty day. That was up
three percent today. Retail Burlington up eight, Bootbarn up seven today,
Dick Sporting Goods up ten today, Restoration hardware guess what
that is? Housing related up nine percent today. It's still
(38:24):
down fifty percent from January though, but those housing and
housing related continue what we call potentially going from stage
one to stage two in stan Weinstein parlance. Notice the
big word. Stage one is the bottoming. Stage two is
(38:46):
the start of the ascending, and then you go two
way to be depending on where you are. So that's
going on also. And they even well let's see they
did the modity space today too. On the dollar sinking again.
(39:06):
Pretty good, So very good day again. I don't want
to minimize. It was a very good day today. And
when I look right in front of me and see
that the new yearly high list picked up in an
very strong fashion, I think that says a bunch though.
(39:27):
I think those are the best numbers I have seen
in months, in months, so let me repeat again, Tomorrow
is another day, anything as possible, But I think there's
a chance here. I want to say this the best
way without trying to get too excited or the other way.
(39:49):
I think there's a good chance today was some lift
off of the areas that were lagging badly. How's that okay?
You all have a great evening. Hey, thanks for your emails.
When I you know I've been telling you about my father.
Drive carefully when you get home, do like I do.
(40:10):
Quite simple. Make sure you hug your family. Make sure
you hug your children. They will feel better. You will
feel better. I promise they will be well. Let's hope
the market keeps doing what it's doing. Have a good one, everybody, goodnight.
Speaker 1 (40:22):
This has been Investor's Edge with Gary kult Mom on
biz Talk. To listen to past episodes or to get
in contact with Gary, go to Garykay dot com. That's
Garykay dot com.
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