I'm Jim Kramer and you're about to hear a sample taken directly from today's

CBC Investing Club morning meeting.

I do want to talk initially about the macro and its relation to the debate last night.

There are many people who initially were not sure what to do but then it's kind of like a groundswell in the last 15 minutes, saying that

it looks like, well, you can pull forward what might be a Trump victory. So therefore,

go over the industries and see who has been most punished or is considered to be the most

punishable. And that means you can go by the banks. It means you can go by the natural gas

and energy stocks. You can even buy companies that have been over-regulated. You might think that the drug companies are over-related. So it's about regulation that people like. Let's go back to the macro for a second. We got a very good PCE number. Some people feel less the Fed's preferred number. That's an inflation number, which showed very little inflation in the system, which then causes interest rates to go up.

All right, interest rates go down. Now, what's interesting is I thought interest rates would go up

on the PMI, which came in at 947, and it was hot. It didn't matter because what matters

is the fact that inflation seems to be peaking.

Now, before you get too excited, remember Powell is one of the first people to go.

Trump has disliked him intensely, even though he's his guy.

I think that's a shame.

I've always been on it, very upfront that I think Powell is a terrific Fed chief.

Now let's go over the portfolio itself.

You'll see Wells Fargo go up.

That's probably one of the better ones that can go up in the situation.

Morgan Stanley's lagging behind.

That makes no sense to me.

I'd be a buyer of Morgan Stanley because they are involved with MNA,

which has obviously been hurt by the FTC and the Justice Department.

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