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

It's a crucial day here because we've got interest rates down and we have a number of stories that are up.

I mean, I'm talking about big up. This is a critical day because what we're seeing, Jeff, for the first time in my lifetime, is GDP growth

at 5% with decelerating inflation. It's an extraordinary moment.

Absolutely. And interest rates are falling. You have yields. I haven't been this low in the 10

year since September, the two years since July. So just extraordinary moving rates.

They were ramping. They were going the wrong way just then. Yeah. And when you do see this decline in rates,

you do see some sectors tend to outperform, whether it's the real estate or a housing place.

Stanley Black and Decker is one in the portfolio. The banks have been doing well, too, because

higher interest rates have hurt their loan, their bond portfolios. It's created some deposit cost headwinds as well. So you're seeing some lift in banks.

And what's interesting is that remember, one of the principal fears, let's go to the principal fears of, go back into the October 3rd and fourth weeks.

We had interest rates out of control and therefore we were thinking that the government wouldn't be

able to finance and every auction would lead us go down. We were worried about what Jamie Diamond

this morning at Andrews, World Sorkin's excellent deal book conference,

the most dangerous time. All these true, and yet look at what's happened. It was a fear rally,

and I'm glad we stuck with it. Yeah, even after about a little bit of a weaker auction yesterday,

you do have, you know, maybe it's worth pointing out, Bill Ackman, when rates hit 5%, he covered his bond short.

Now he's saying the market is, we may see rate cuts as soon as the Q1 next year.

Right.

I mean, my problem with that obviously is that what you need to see is six straight months of good numbers. That's what Powell wanted

before he would even put that in the agenda. Right. And he wanted to keep the, you know, six straight

rates, six straight months would make it so he wouldn't raise rates. Yeah. We don't know how much

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