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Aug 19, 2024
08/24
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charles: all right let's bring in gary kaltbaum. gary?ck market and the vix, is it a truck-u-lent move? >> if i knew what truck-u-lent meant. charles: [laughter] >> it's one for the ages. we had a move like that during covid with the vix and i believe 2008 but this one is really really amazing. the market was crumbling going into that monday. we sold everything close to the highs. couple of etf's a little bit lower, and we even thought at the end of the day and we sent you the note. we thought maybe a low was being put in but this move back up, it's another one in the short run at least for the ages and quite persistent and when you think maybe it's going to pull back you have another strong day liked to led by the big one nvidia so mark this down, it's going in my archives, going forward. you learn from what's happened in the past but this one has not happened very often, my friend. charles: so when we examine it, this is what i'm looking at. i call it the one of the most successful temper tantrums the markets ever are. it's not just her
charles: all right let's bring in gary kaltbaum. gary?ck market and the vix, is it a truck-u-lent move? >> if i knew what truck-u-lent meant. charles: [laughter] >> it's one for the ages. we had a move like that during covid with the vix and i believe 2008 but this one is really really amazing. the market was crumbling going into that monday. we sold everything close to the highs. couple of etf's a little bit lower, and we even thought at the end of the day and we sent you the note....
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Aug 30, 2024
08/24
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i want to go to gary kaltbaum. welcome, gary, i want your take on the whole nvidia issue and spending issue. it's mind-boggling the trillions that have gone into this, we can look at $70 billion with some of these others, staggering numbers. if we have a slow down it doesn't have to be a pronounced slowdown. wouldn't some of that spending, promising wide spending as it is, wouldn't that slowdown as well? >> 100%. the economy will move the needle. i don't care how hyped or how touted anything is. years back we went into recession, everybody said google was recession proof, google is about ads and the stock got hit. let me say this on nvidia, all this talk is down, there's nothing wrong with the stock, it had a monstrous run since january 5th the breakout and needs to rest. is is in the 10th we can remember last year it had a big run and sat for five months. it is doing exactly what it should do. if it wants to go higher in the next few weeks or take another couple months. it will breakout, we've been on most of the
i want to go to gary kaltbaum. welcome, gary, i want your take on the whole nvidia issue and spending issue. it's mind-boggling the trillions that have gone into this, we can look at $70 billion with some of these others, staggering numbers. if we have a slow down it doesn't have to be a pronounced slowdown. wouldn't some of that spending, promising wide spending as it is, wouldn't that slowdown as well? >> 100%. the economy will move the needle. i don't care how hyped or how touted...
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Aug 15, 2024
08/24
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gary kaltbaum joins me now. i understand that you are out of tech. are you back in?-- >> we've been buying back. we sold a ton of it july 11th, the high, and the rest of it a few days later. we missed a 28% drop in the semis, i think about 15 in the nasdaq. we're happy now. we love technology. we think institutions now are gobbling the stocks back up instead of distributing 'em, and let's hope it continues. we keep fingers crossed on a daily basis. i can tell you this year we're still up 70-80 on nvidia though we don't own it right now. we bought back into meta, up about 40 on that. we're looking to get into others, but we need a little bit more confirmation. on the whole, real good action on tuesday and another good confirmation today if it sticks. stuart: i think a lot is riding on nvidia's report which comes out, i believe, later this month. do you want to give us your forecast? hen forbid they -- heaven forbid they disappoint, right? >> nvidia really drives the semis and technology. my biggest issue is that the predictions for it are up in the trees, so the expec
gary kaltbaum joins me now. i understand that you are out of tech. are you back in?-- >> we've been buying back. we sold a ton of it july 11th, the high, and the rest of it a few days later. we missed a 28% drop in the semis, i think about 15 in the nasdaq. we're happy now. we love technology. we think institutions now are gobbling the stocks back up instead of distributing 'em, and let's hope it continues. we keep fingers crossed on a daily basis. i can tell you this year we're still up...
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Aug 26, 2024
08/24
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kaltbaum capital management being gary kaltbaum. no tech what are you waiting for?p nicely in meta this year, stomped out. the stock is the strongest big name, still stomped out t tells us a lot. also the semiconductors al acting awful right now. until things i can tell you where the new yearly high list, it is in coca-cola, tobacco, xlp. regionals lit up like a pinball machine. just lower beta type stuff. the things that don't move case sy up or down. we say this knowing nvidia is on wednesday and maybe that can change the playing field but in real time right now i worry that the semiconductors really, in bad shape versus everything else. charles: i will bring up chart of the semis again to share with the audience. i had it earlier. i also had this at the top of the show. you just hit on it, financials, if i'm looking at this, they bounced off the 50-day, you know, the money flow is phenomenal, staples, staples are rocketing higher. money flows are phenomenal, health care, same thing. look at those chart the. they look like a thing of beauty. these are the charts f
kaltbaum capital management being gary kaltbaum. no tech what are you waiting for?p nicely in meta this year, stomped out. the stock is the strongest big name, still stomped out t tells us a lot. also the semiconductors al acting awful right now. until things i can tell you where the new yearly high list, it is in coca-cola, tobacco, xlp. regionals lit up like a pinball machine. just lower beta type stuff. the things that don't move case sy up or down. we say this knowing nvidia is on wednesday...
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Aug 12, 2024
08/24
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want to bring in kaltbaum capital management president fox business contributor gary kaltbaum. the hallmark africa pitlation? >> near term it is one of the biggest ones, most extreme i've ever seen. after a big drop a 65 vix and just stretched and extended to the downside, but, my little warning shot, my friends, i think there's a little bit too much complacency here. i hope i'm wrong. i'm being very careful about, are we going to have another time down? i say this for a couple of reasons. number one, all it took was japan to drop 25%. all they had to do was raise rate as quarter point? that affected the global markets? that scares the willies out of me, that is number one and number two, the other part of the equation, i don't think jay powell is in control of anything, whether he lowers rates, raises rates it will not affected economy. maybe he can affect the markets a little it about. i think both those things. i'm watching very carefully here. oversold is getting to be a little bit overbought. i want to see how the pullbacks go. again i'm not as excited as other people. hop
want to bring in kaltbaum capital management president fox business contributor gary kaltbaum. the hallmark africa pitlation? >> near term it is one of the biggest ones, most extreme i've ever seen. after a big drop a 65 vix and just stretched and extended to the downside, but, my little warning shot, my friends, i think there's a little bit too much complacency here. i hope i'm wrong. i'm being very careful about, are we going to have another time down? i say this for a couple of...
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gary kaltbaum with us right now. gary, what's going on here?e skyrocketing, and that's the problem at this point in time. people are sitting back at the table and saying we just can't afford it at this point in time. and, neil, i have these little channel checks i do when it comes to the theme parks. on their apps, you go look at the most wait -- wait times for the popular rides, they're way down over the past 32-3 months. -- 2-3 months. so people are making decisions on what they're going to do going forward. and in the stock market, the xly is the consumer discretionary index exchange-traded fund. it's been blowing up over the past few weeks x. even in the little rally this week, it hasn't moved. so something something's if the foot here, my friend, and -- afoot here, my friend. neil: you know what i notice with those disney apps, there's never a line outside the hall of presidents. check it out, air-conditioned, it's lovely and right near the turkey legs, or but i digress. what do you make of what the consumer is saying? on the high end, the
gary kaltbaum with us right now. gary, what's going on here?e skyrocketing, and that's the problem at this point in time. people are sitting back at the table and saying we just can't afford it at this point in time. and, neil, i have these little channel checks i do when it comes to the theme parks. on their apps, you go look at the most wait -- wait times for the popular rides, they're way down over the past 32-3 months. -- 2-3 months. so people are making decisions on what they're going to...
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Aug 13, 2024
08/24
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equities full steam ahead, joining me now, goldman sachs' portfolio manager greg duerto and gary kaltbaum. greg, to you first. all of this move here, so much green on the screen. yesterday wasn't a horrific day either. yeah, we did see some losses at least for the dow jones industrials and the russell, but what does this movement tell you about a perhaps the rest of the summer? >> yeah, thanks for having me back, liz. it's been an interesting year, to say the least, and i think as we're getting to the point where the fed is going to cut rates, you're starting to see people play their cards. you're starting to see bets being plaid out, and you're going to see a lot or must have of what we've seen -- a lot more of what we've seen early in the year. small caps have been in a trail position for the last two years plus, and we do think the resumption of a more even playing field for small caps should be really good for gains like we saw in july. liz: russell up about 1.if 33% right now. gary concern. [laughter] everybody was freak out a week ago monday, and now it appears to be smooth sailing.
equities full steam ahead, joining me now, goldman sachs' portfolio manager greg duerto and gary kaltbaum. greg, to you first. all of this move here, so much green on the screen. yesterday wasn't a horrific day either. yeah, we did see some losses at least for the dow jones industrials and the russell, but what does this movement tell you about a perhaps the rest of the summer? >> yeah, thanks for having me back, liz. it's been an interesting year, to say the least, and i think as we're...
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look who's here today, gary kaltbaum joins us. gary, is this a solid rebound for big tech?sterday was a great move, but i just want you to remember the semiconductors dropped about 19% since july is -- july 11th, so we'll call it a rebound. i don't know if it sticks. the good news is i think i've been out of tech since july 1 11th and a few days after that. there's some things i'm definitely interested now. we had bought meta if at 350, sold it down at 530. we're looking at that again off of today's gap, an improvement in earnings. microsoft, even though it reacted poorly, i like how it's being defended as a stock here, and the numbers were pretty decent. i'm watching that also. so there are things i have interest in. of course, the big apple and amazon which are a huge influence on the nasdaq 100 and the s&p after the close, that'll give me a little more indication of where things are going. stuart: you're expecting solid reports from both apple and amazon? >> amazon numbers should be strong, apple, you know, they're just not growing like they used to, but i do believe the
look who's here today, gary kaltbaum joins us. gary, is this a solid rebound for big tech?sterday was a great move, but i just want you to remember the semiconductors dropped about 19% since july is -- july 11th, so we'll call it a rebound. i don't know if it sticks. the good news is i think i've been out of tech since july 1 11th and a few days after that. there's some things i'm definitely interested now. we had bought meta if at 350, sold it down at 530. we're looking at that again off of...
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Aug 13, 2024
08/24
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gary kaltbaum on that and do his point of betting seems be people and who put money down and bit on some that the federal reserve controls and that in september when the fed meets they're going to cut rates by 25 basis points, a quarter of a point, that is i wanted% back, he rarely -- really see that but there is another separate bet that the cat would be even bigger, that it will be a half a point. but again the consensus for now, always dangerous is a quarter-point cut. all right i and have you had a chance to listen, stream into this donald trump r elon musk en x i find it very riveting on the religious and all of that but it was a free lee -- it was particularly donald trump talking about what's happening with electricity prices of utility costs in the face of ai and all of these clean flu -- clean fuel cost that raise some eyebrows. after this he. [ ♪♪ ] a little test together: which looks better — this? or this? this... ...or this? seems clear to me. saving cash wins every time. which is why you'll love the wise buys sales event, going on right now at america's best. get two pairs
gary kaltbaum on that and do his point of betting seems be people and who put money down and bit on some that the federal reserve controls and that in september when the fed meets they're going to cut rates by 25 basis points, a quarter of a point, that is i wanted% back, he rarely -- really see that but there is another separate bet that the cat would be even bigger, that it will be a half a point. but again the consensus for now, always dangerous is a quarter-point cut. all right i and have...
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bring in kaltbaum capital management fox business contributor gary kaltbaum.ust follow the markets. you can see all the red flags if you have done that, huh? >> you know there have been two extreme cases in the last few years that were pretty much gimmes. when jay powell stated 0% while the 10-year yield went to one, 1 1/2, two, 2 1/2, he said inflation was transitory, that's behind the curve and now in recent weeks interest rates on the 10-year yield have, they were high as 4.9. they start drifting down to 4.2. while we're sitting there, we're hearing about services and manufacturing, heading a little bit south. we're seeing retailers -- i'm getting emails from big retailers discounting 25 to 50%. mcdonald's is giving out five dollar meals, four dollar kneels, somebody else tells you there is trouble. last week the die was cast, 4.7. guess where powell is now? 5.5%. he is on the other side. he listened to the 10-year yield but he refused to. for some reason they think they can control the economist austan goolsbee was out today, god bless him, nothing persona
bring in kaltbaum capital management fox business contributor gary kaltbaum.ust follow the markets. you can see all the red flags if you have done that, huh? >> you know there have been two extreme cases in the last few years that were pretty much gimmes. when jay powell stated 0% while the 10-year yield went to one, 1 1/2, two, 2 1/2, he said inflation was transitory, that's behind the curve and now in recent weeks interest rates on the 10-year yield have, they were high as 4.9. they...