Cramer's First Hour -- Part 4 -- October 17, 2024

Locator: 48606CRAMER.

Breaking: the ECB cut rates for the second meeting in a row to support an increasingly anemic European economy.  At 3.25%.

• US: effective Fed rate -- 4.85%
• ECB: 3.25% to 3.65%
• seriously: any significance difference between US and EU? With regard to central bank rates?
• has anyone noticed: all three central banks are stimulating their country’s / regional economy: the US, China, the EU?

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.  

Retail sales: can't wait to hear Cramer's take on these numbers today. 

Stocks will flirt with all-time highs today. A continued record run; 47 new highs so far this year.

Unemployment rates fall significantly; catch folks by surprise.

Cramer: holy mackerel -- his enthusiasm for TSMC and NVDA is incredible -- even for Cramer --

• even if TSM / NVDA double their production, "they" won't be "able to keep up"
• TSM: quarterly profit soars on AI demand;

Amazing earnings season so far. 

What I'm following: natural gas pipelines. And copper. 

Health care stocks: plummeting.

CPI:

• Great Britain: 1.7
• France: 1.1
• Italy: 1.6

Wow, wow, wow, 45 minutes after econ numbers came out -- pre-market surging.

Israel: may have killed Hamas leader Yahya Sinwar! Google this. Prime Israeli target for years.

Industrial production: not great numbers -- LOL -- could someone please do some analysis before getting all worked up on this?

• -0.3% vs -0.2% estimate
• US autos: in the doldrums (exhibit A: Stellantis; EVs)
• Boeing machinists remain on strike
• not being talked about: US manufacturers quietly moving operations to Mexico (again)

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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.