Cramer's First Hour, Part 1 -- September 19, 2024

Locator: 48320CRAMER.

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

Wharton's Jeremy Siegel: best news he's heard from the Fed in years. Recalibration! Wow! Siegel expects a cut at every meeting -- every meeting -- between now and next June. Six meetings. Link here. "Recalibrate" is JPow's code word for "less restrictive," which means further cuts this year.

AVGO: up 6% in pre-market trading.

Apple iPhone 16 sales: I don't know if folks caught what I said the other day about Apple iPhone 16 sales. Wow. Now this:

Barron's take on the Fed's rate cut: link here.

In describing its decision to cut the benchmark interest rate by a half of a percentage point on Wednesday, Federal Reserve Chair Jerome Powell used the term “recalibrate.” It’s a less dramatic pivot. Powell characterized it as a reaction to the different economic landscape that exists in the U.S. today.

"Recalibrate": I don't think anyone knows what this means, except perhaps Jay Powell. But we're going to hear this word all day today on CNBC. JPow used the word "recalibrate" nine times in his short speech.

Overton Window: link here. Must-read applemust.com article on the "flight of the Apple iphones. Link here. And direct to the article.

Free money: back ot that discussion.

SALT cap needs to be removed! MAGA has flip-flopped on this.

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Disclaimer
Brief 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. 
• And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia.