I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club morning meeting.

I think it's an important moment because I think that this market is reacting to things that are happening in China.

And the Chinese actually have a controlled economy so they can actually get their economy going if they want to.

Industrial outputs low, retail sales, but I want to remind people that in the old days what would happen,

I think we'd have the old days, this is a demarcation point.

China over there not important.

We've made them less important simply because of our policies.

Our market should trade on its own.

Yeah.

And we actually had some pretty good retail sales numbers showing some more resilience from the consumer.

Those numbers were better than expected, a 0.7 month over month, beating estimates of 0.4.

Important because this was also the Amazon Prime

Day month, so a good sign of strength there.

By the other hand. We're focused on the fact that the Fed has raised rates endlessly,

and we still have a consumer strong. This is all part of my thesis that we're not having a soft

landing or hardly. We're not landing. And that's good. So you had yields surge initially right after the news come back. They've come back a little bit, but at one point the 10-year yield was as high as it's been since last October. Right. The two-year yield was about five. So these are some important figures. I think that what people have to recognize, away from the conventional

wisdom, is you actually want the longer rates higher. Why do you want that higher? Because it shows

that there is not, we don't have deflation in this country. We have a strong economy. Maybe it's

a strong economy that Fed has to raise rates again. I would have to argue that they would.

But there's a lot of stocks that are down off of China. I've been watching, for instance, the lately we've seen the travel stocks down. There are a lot of people feeling that that's peak. When I speak to Steve, sure it hurts, he tells me otherwise. They look at Airbnb, Brian Chesky saying things are otherwise, Marriott things are otherwise. I just simply, the Delta obviously believes otherwise.

I just think there are a lot of theses that are still in track. I think aerospace is very on track, which is why I'm after you to buy some Honeywell. I know that that has been a sticking point because we've been trying to be very disciplined about where to buy Honeywell. But I just happen to like the tape. like to tape enough that we actually committed some money right here right now into

Oracle.

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