It's Jim Kramer here.

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Good Thursday morning. Welcome to Squawk on the Street. I'm Carl Cantonia with Jim Kramer at Post Night of the New York Stock Exchange. David Faber has the morning off. Farewell, Q1. It was good to know you. Very good, in fact. All-time closing highs. Best Q1 for the S&P since 2019, the 14th best going all the way back to the 1920s.

Busy day today. to all-time closing highs. Best Q1 for the S&P since 2019, the 14th best, going all the way back to the 1920s.

Busy day today with FedSpeak, EcoData, and some M&A. Our roadmap begins with stocks on track for a fifth straight monthly gain as we wrap up March and Q1.

Home Depot announcing the biggest acquisition ever for them, buying building products distributor SRS, more than $18 billion, including debt, and the sentencing hearing for FTCS founder Sam Bankman-Free due to get underway in New York City later on this hour.

Let's begin with the markets, though, as we close out Q1, Jim.

You've been talking about broadening, but yesterday was what an example of it?

Well, I mean, but I would say, I mean, the banks are great.

The industrials are great.

There's some health care like Merck that's phenomenal.

An entertainment company like Disney, of course, we got a proxy fight there.

American Express was amazing this quarter. So if you think about it, and Caterpillar,

American Express, Caterpillar, Disney, these are remarkable companies to be winning right here at a time when,

at a time when the Fed's tightening or not loosening and Waller says, look, we got to take our time. So I think the Fed really misled you. There were two markets. There was the Fed which sent took you off the track. And then there were the earnings. That's why I mentioned Peter Lynch last night, great investor at Magellan fund. The earnings saved you. So if you watch the earnings, you do great. If you watch the Fed, you should just go do another job, which is fine. There's nothing wrong with that.

There are people who follow the Fed and they do it as a hobby and it's great.

Some get paid.

But it hurts you.

And I just don't, I want people at home to understand that in the end, if you followed the companies, you made a lot of money.

And if you followed the Fed, you stayed out of the market.

And I think that's really important.

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