Hump Day -- Cramer's First Hour, Part 1 -- December 11, 2024

Locator: 48377CRAMER.

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.  

YESTERDAY: Economic data, final read for 3Q24 -- UNIT LABOR COSTS: way lower than expected! Whoo-hoo! 

But some now say it becomes crazy to consider any more cuts any time soon. JOB MARKET IS NOT CONTRIBUTING TO INFLATION. Unit Labor Costs -- 3Q24 -- 0.8% vs 1.4% expected. Theory: putting this all together -- the economy can run hotter without causing inflation. Despite those huge labor contracts announced this past year. So, Fed has room to maneuver -- another rate cut in December though common sense suggests no reason to do so. The one word not mentioned today: recession. 

Today: CPI. See comments here.

Tomorrow: PPI.

Amgen (AMGN): raises dividend.

Personal investing: an essay on Micron. Just the beginning of a very, very long essay -- well worth the read:

Personal investing: okay.

CEO of the year: link here.

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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.