Cramer's First Hour -- Wednesday, September 11, 2024

Locator: 48557CRAMER.

Moment of silence: 9/11.

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. 

Debate last night: it was noted that the country really hasn't had an "active" president for the past year or so, and we've gotten along just fine. In broad brush:

• Bush II: 9/11 -- worst attack on US soil since Pearl Harbor; commander-in-chief AWOL; failed intel; botched response;
• Obama: transformed healthcare
• Trump: universally agreed -- botched response to Covid-19; SCOTUS appointees set back US women's reproductive rights after decades of work
  
• Biden: country back on track after Covid-19

Housing: intergenerational wealth transfer. 

BRK: keeps selling BofA.

Pre-market: after the inflation data -- which came in as expected; no surprises. But the Dow plummets on the data.The data does not support a 50-basis point cut; the market sees a 25-basis point cut. It's a good report but perhaps not great for the market. I can't see the Fed getting to a full cut of 200 basis points by the end of the year.

Cramer's lead story: the banks. 

Investing: for folks paying attention --

• it's not whether to buy tech today; it's which / what tech to buy today; Sophia has her picks 
• will add to positions in two companies today
  
• tech is rising today

Spectrum: that will be the next discussion with regard to tech. DOD will be the big loser.

WTI: up nicely today; up 2.3%. Trading at $67.27.

Gamestop: I would be surprised if this is not a big story today. At least for some. 

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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.