gary kaltbaum on that. we're following the legal woes of one donald trump and if they're woes, you couldn't see them in the poll numbers or for that number, that's the latest from the justice department and where things stand. david. >> neil, he's back on the campaign trail and in alabama with supporterrings and now he's a three time former president, third indictment in four and i watched the court proceedings yesterday and the former president stood up and pleaded not guilty to four criminal charges and overturning the 2020 presidential election results. he was fingerprinted, no mug shot taken and he was released on his own recognizance and flew back to new jersey last night. the conspiracy to defraud the united states, conspiracy to obstruct official proceeding -- obstruction of official proceeding and obstructing rights. there was a media and few anti-tram and pro trump protesters and nothing out of control. the courthouse itself is just across the street from the u.s. capitol. not far. that's the sight

and always, always on the ball, gary kaltbaum, thank you so much. you, gary, have a great weekend. thanks for being with us. >> thank you. ashley: thank you very much. let's get right to redfin ceo glenn kelman. we're talking about the housing market. you know what, glenn, we've been talking a lot this week, have we not? how would you describe the -- >> it's me again. ashley: we talk about high interest rates, about 7%, that's a real killer. is inventory improving, because a tight inventory has pushed prices up. i mean, where do we stand right now? if you believe some of the data, it's a bit grim. >> we're absolutely gridlocked. so rates are at 7.37%, that's an uptick from 6.9. it's dealt a real psychological blow to buyers, i think, but it's also a made people more reluctant to list their home, because they don't want to give up that 3% mortgage. and so the sellers are not selling, the buyers are not buying, prices are holding up because inventory's still very low. sales volume's going to be extremely low through the second e half of 2023 and probab

i want to bring in kaltbaum capital management gary kaltbaum.ary i want to bring in the trend opening hot or really free-falling. august has seen this. this is a key characteristic of august. we got a little bit better last week but what is the message there? >> we have been taught by the best in buyer phases you get hot evens and bad closes. in bull phases, you get bad opens and good closest. what we've been seeing a slew of hot opens and bad closes. tells you the big institutions driving the bus are distributing stock in any type of upside each and every day, today include. we'll see now we finish. up 305 on the dow and on the nasdaq you see where we are right now. hopefully we get a better finish. it is a matter of studying bull and bear markets. what characteristics do show up during each time to keep you out of trouble or to enhance a portfolio. just for the last few weeks it has been on nauseating side. things get better. it will change, i promise you. right know still the same. charles: nauseating might be understatement for some of the c

let's bring in kaltbaum capital management, gary kaltbaum.wn who do you got? you have to give me someone who you think wins this thing? >> in case you don't know i'm a gigantic professional wrestling fan, as the rock i would say, i suspect would lay the smackdown on mr. musk simply because he is lighter, he is younger and i don't know if you have seen him training but the dude is jacked right now. i suspect when the match ends, musk will take out a foreign object hit him in the head and society up a rematch for wrestlemania next year. charles: [laughter]. why not? that baseball brawl the other day was amazing. i don't want to digress too much but i know you saw that. the one dude, he took boxing lessons but wasn't ready for the counterhook to the jaw. >> as one of my favorite "seinfeld" episodes, serenity now. i couldn't believe what he saw on the baseball field. charles: let's talk about the market. there is a sea change happening with respect to styles. for instance, last week, you saw value, small caps did better than growth than growth an

the chief economist under donald trump, gary kaltbaum. what is jerome powell signaling here? i always think you rise to short stocks right before it speaks because there's such a thing is the powell put but what do you think? >> telegraphed another rate hike in the next meeting or after that but i can't begin to tell you how depressing that he thinks strong economic growth equals inflation. it is printing to $9 trillion, a lot of control with spending, that's the inflation point, what has to get under control or else. as far as i'm concerned, he can raise rates or not. watch the ten year yield, if it keeps going up, bad, hitting a 15 year high before backing up and i have to tell you under the surface, so many things because of the cost of capital going up, whether it is the credit cards, the latest that just came out is people for the first time ever, rolling over their debt instead of paying it off the first time ever, it is worrisome across the board and next coming up, massive amounts of debt coming to do from the government that has to be done at higher rates which means

. >> neil: florida resident, gary kaltbaum.oridians tend to be eager to evacuate or get out of town when everything is hitting. not everybody. a good many will do that. but many opt not to because it's a pain in the neck. if the retreat area is only a few miles away, it beats driving 200 miles, right? >> yeah, look, it ends up being a personal decision. unfortunately the state of florida has a lot of experience with this. i just tell people, you know, think about life first, everything else second. i talk about andrew in 1992 in boca raton. they took us around after the storm. it was levelled. looked like an a bomb hit. i just think everybody just needs to be careful. these hurricanes, they have no bias. they will -- rich or poor, does not -- young or old, they will come and get you. if you're not careful, you know, bodily harm will be done. they're no fun. >> neil: you've always reminded me of the many years regardless of where the hurricane is, there's disruptions for folks across the country in the path of it or not. i mean,

joining me now is carnivore trading ceo dutch masters alongside fox news contributor gary kaltbaum. thank you both, gentlemen, for being here. gary, let me begin with you. the fed, you know, we were hoping to get a clue from the minutes that were released today, and we found out they, well, they really don't have a clue, to be honest, to kind of repeat what you've been saying. they're divided on what's needed next. they say id some -- said some fed members talk about downside risk to economic activity, then industrial production, housing starts blowing it out of the water. where do they go from here, gary? >> yeah, well, the fed just told us what they were thinking three weeks ago basedded on the information that came in, now we'll wait for the rest of the information that comes in, and they'll tell us again what they think. look, my biggest problem is in two words, bond market. finish i've been saying for a very long while now don't watch the fed, don't watch what they do, watch the bond market, and we are now up to yearly highs while they're telling us inflation's come down a lot.

gary kaltbaum got all the way through and haven't spent much time on the fed. that's a good thing. ry, good to see you again. >> thank you. stuart: looking at the movers, lauren u auto desk. lauren: software company solid earnings embraces ai and rbc raises price target to $260 and up 27% from here. stuart: not bad. petco. lauren: down, record low for share price. second quarter loss, lower consumer spending. i just said lower consumer spending on our pets. since when did that happen? stuart: that's a reversal. lauren: consumer is strapped. stuart: then there's guess. lauren: clothing retailer. stuart: okay. lauren: they raised -- stock's up 26%. they raised full year profit forecast. i get why you might not know them and more popular overseas and that's the reason. european sales up 9%, asia sales up 19%. stuart: retailer not having to deal with shrinkage or known as shoplifting and theft. lauren: i'll look into that for you. never know. stuart: thank you, lauren. now this, donald trump will turn himself in to atlanta -- the fulton county jail today. we're told there's going to be

go to gary kaltbaum, brilliant market watcher that knows a thing or two about birthdays.e's had a few, a young man. this one-year anniversary we're celebrating on the inflation reduction act didn't reduce inflation. i have a feeling the federal reserve and all the rate hikes did or at least got it down a little bit more. it would be a first for government spending to bring inflation down. what did you think? >> yeah, it was also the stopping of printing money that helped bring it down. neil, there is no better arbiter of inflation than the bond market itself. the ten-year yield is a touching a yearly high while inflation comes down. it's at a 15-year high right now. so i'd be very careful what said out of d.c. -- >> martha: i don't want to jump on you. what you mentioned was so significant. you're looking at the yield on a ten-year treasury note or bond now around 4.25%. it's not been this high in 15 years. that's the market's interpretation of prices that remain stubbornly high. economic activity that remains strong. so there's that part of it. strong enough to keep rate

i want to bring in gary kaltbaum, kaltbaum capital management fox news contributor.ere is the scorecard. so far this year dumb money loaded up on the nasdaq stocks are up 35%. the brilliant money loaded up on tlt down 4%. who are you going with? is it time to go tlt? >> first off for the record i don't think people are stupid, just so you know. i think people are pretty darn smart. look the bond market is parrish, that's all i can tell you. we hit a 15 year high on the 10-year yield. as of this second, as i speak, and if bond yields keep going higher, that means cost of capital goes up, that means profits come down and competition for your money goes up so that is something to watch very closely and i know we talk about the market but to me this 200 sectors that i follow, if you own citigroup that is back below the silicon valley bank debacle low. you don't want to own that but if you own things that acted really well off of earnings or thes and have good accelerating earnings and sales i think you with will be in good stead as we move forward. at usual most of the t

let's bring in kaltbaum capital management president gary kaltbaum.ary in recent weeks you're becoming more cautious particularrably with the tech names. start with the nasdaq 100, it is breaking down, under the 50-day moving average. today it is trying to get back above there. it feels like if it doesn't find a way to reignite itself it might come down a lot. where are you right now with respect to maybe these megacap names running out of steam? >> well a few weeks ago i said i thought we had a five or 10%er coming. we're 6% right now. i think this probably a little bit more but you never know. somebody came out and said best idea in history is nvidia and it's up really nice today and getting the semis going so who knows. i think there is probably a little bit more to go. just so you know it is normal to have 10% corrections especially for the nasdaq in bullish phases. what it does it wipes the smiles off the faces of the bulls, gets the bears ault excited again and turns up and gets going again. that is my hope. i have yet to buy back in at this jun

let's get reaction from kaltbaum capital management's gary kaltbaum and financial chief market strategistech. you're saying, hook, to quote you, they're overloved, overleveraged and over-talked about. does this pullback in tech go on for a while, or is it just a short-term thing? what do you think? >> i think you have more, i do not know how much more. but just weeks ago, especially on earnings, you had some companies announce sales drops of 30 and 40%, and just the mention of a.i. saw their stocks sigh -- skyrocket. that just told me it was late in the move, things were very extended, and now you're getting, finally, i think what you need to have happen and that's a pullback. nasdaq the's only down 5, 6% there's probably more to go. i don't think destruction is on its way, but you've got to be very picky, and some names have most definitely been blown up especially in the semiconductor arena that everybody was mentioning a.i. when they shouldn't have. again, here's the comeuppance. [laughter] ashley: here's the comeuppance, indeed. jared, so i guess my question to you is what about rotat