Cramer's First Hour -- September 6, 2024

Locator: 48542INV.

Hess:

Jobs report: absolutely "Goldilocks." 

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: historically, the months of August and September are the worst months of the year for investors who hope to pay more for shares. 

Catching up:

I missed Cramer's first hour because we were having breakfast with Sophia -- Grandparents' Day at her school.

Headlines suggested talking heads were upset with the jobs report. LOL. I thought it was an absolute "Goldilocks" report. What more do investors want? "Jobs market" continues to suggest US economy is doing very, very well. Yes, I get it. Analysts have moved to "20" when estimating the likelihood of a recession -- i.e., JPow not sticking the "soft" landing. For perspective, a "15" is the likelihood of a recession in any given, "random" year. When asked the chance of a recession, one starts with "15" and then one adjusts from there. With the jobs report, analysts now opine that the risk of recession has risen ever so slightly. 

Buy, sell, or hold?

A stock picker’s  market?

Still fully invested. Sophia added to her broad-based, big cap ETF position mid-morning. Whoo-hoo!

Nvidia: thirty years from now, Sophia will not care whether "we" paid $102 / share or $150 / share. She will just be thrilled she has 10,000 shares of Nvidia. Only 9,990 shares to go, one share at a time. Seriously. Or, I guess she could buy Mullen Automotive.

Jobs: by the way, unless I'm misreading this, this is a great example of a story being written before the data was known -- write the story and then when the data is released, fill in the blanks. See this paragraph in the CNBC story with regard to the jobs report today. Nevermind, they fixed the story -- LOL. They caught their mistake but it corroborated my instincts that these stories are written well in advance of the data release. Note: the story was published at 8:30 a.m. EDT; the data was released at 8:30 a.m EDT.

Bored: at the moment, entirely bored with CNBC and the market. Sara et al can't quit talking about the Fed, rate cuts, the risk of a recession, etc. That's all "they" seem to talk about -- for the past year. I'll be traveling this weekend, so blogging will be kept to a minimum. Calories while traveling don’t count. Or at least they’re not counted. Good luck to all.

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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.