Cramer's First Hour -- September 5, 2024

Locator: 48532CRAMER.

NFL: season opener tonight! 

AVGO: Broadcom reports after market closes today. Whoo-hoo!

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.   

Personal investing: Sophia added to her NVDA (Nvidia) position this a.m. The third month of each quarter is a big quarter for Sophia with regard to investing. She will also be buying a very, very, very small amount of silver. Just for fun, not for investment. Nvidia, two green lights yesterday:

• no subpoena! LOL;
• Nancy Pelosi keeps buying! LOL.

VP Harris proposed tax increases: will affect 0.5% of American taxpayers. Annual income minimum to be affected: $1 million. That's annual income, not net worth. Link here.

From Beth, link here:

Liz: posts a gazillion charts but very little actionable information for the small retail investor. Twitter so much better.

Inflation: the last piece of the puzzle is now in place -- wage inflation is way down. Corroborates Fed's decision to focus on jobs now, not inflation. But apparently the newest jobs data not exciting Wall Street. Having said that, the numbers suggest a productivity boom in sight or already in place -- Steve Liesman. Losing vacancies but not losing jobs: ratio is now about 1:1. But as economy weakens, we'll start seeing loss in jobs. Downside risk in labor market. Still likely: 25 bp.

Immigration: huge advantage for US. Without question. Even "illegal immigration" results in companies paying into social security. But US immigration is much bigger than that. Previously posted. So, as immigration czar, she must have done a pretty good job. Opening the border temporarily but blocking any path to citizenship for illegal immigrants seems to be working.

NVDA: another down day; Cramer started his hour with this discussion.

Jeep: a disaster. Ford: a great month.

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