Cramer's First Hour, Part 1 -- December 12, 2024

Locator: 48388CRAMER.

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.

BofA: US consumer resilience holds -- continues to increase spending. Pivoting to "services" rather than "goods." Reflection of aging population, or an aging population that has increasing net worth.

Jobless rate: drops to 8-month low; Fed still feels need to cut rates; wow!

The Swifty Economy: AMEX spending was up 50% in Toronto in the month of November when Taylor Swift performed there

• 50% increase in AMEX spending in one month due to a 3-day event
  
• Taylor Swift is her "own" economy

NYC assassin: no one, it seems, has made the connection between American anger with the US health care system and Obama Care.

The push to end employer-provided insurance:

• one can see where this is headed -- 100% Medicare Advantage
• who's got the lead on this? Humana?

Cruise: is the demise of the Cruise initiative the canary in the coal mine, the coal mine being the EV fad / push. 

**********************************
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 something appears wrong, it probably is. Feel free to fact check everything.
  
• 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. Nvidia is a metonym for AI and/or the sixth industrial revolution.
  
• Longer version here.