Cramer's First Hour -- August 23, 2024

Locator: 48491CRAMER.

Market at 9:09 a.m. CDT: market surges. Investors: recession? What me, worry? 

Transitory: wow! Inflation was transitory, but JPow used the media hype to his advantage.

Experts: all of a sudden, everyone’s an expert.

Cramer has the morning off. Sara Eisen filling in for Jim Cramer. 

Protests in Chicago? Nope. Refreshing. Well done, Chicago.

Ticker, DJT:

Cramer's first hour: a mix of fact, factoids, opinions from various sources -- often not cited -- while listening to Cramer's first hour on CNBC.  

A reminder: with the current volatility, one must remember that historically, the months of August and September tend to be the "worst" months of the year for the market. 

Sara's and Carl's first hour: all about JPow. 

Presidential politics: not mentioned -- North Carolina -- recently / historically solid red -- now, literally overnight, North Carolina is now a toss-up. After her speech last night, Harris might be able to take North Carolina. Under Biden administration, North Carolinians have done better than the “average" American. 

Fed rate: I had forgotten that the Fed rate is still 5.25 to 5.50%. Wow. And the market is doing this well. Say what? If the Fed cuts rates in September:

• it will do so only because of pressure from "everybody"; and,
• the cut will be only 25 basis points, to 5.00 to 5.25% -- inconsequential.

Personal investing: Sophia made her purchases yesterday. Will relax today. 

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Disclaimer Briefly 

Reminder

• I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple. 
• See disclaimer. This is not an investment site. 
• Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here. All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
• Reminder: I am inappropriately exuberant about the US economy and the US market, 
• I am also inappropriately exuberant about all things Apple.