Jim Kramer here to share with you a sample of my take on the market from today's

CMEC Investing Club warning meeting.

Now this morning, the S&P opened higher, it looks like it's going to be a pretty good day.

Why? Because the CPI was in line.

Now, I want people to understand that there are watchers and people who constantly look

and say, well, the tenure is down in price up in yield, so therefore we should sell. And what

I'm trying to get people's heads around is use these little fluctuations as opportunities

to buy. Home Depot. Perfect example. I had a great quarter yesterday,

a beat, a raise. Comps looking a little bit better, though still negative. But it was down

yesterday, not because of what anything the company had said or did, but really it was because

what was happening in the bonds, the 10-year surging. You know, those who actually bothered to

read it, October was good.

Yeah.

This is an inflection quarter.

And what I think people have to start thinking about is not what the tenure does, but what the franchise does.

And that's very, very different. Now, we have a kind of rollover in bonds, which is why we've seen this downturn.

You had CPI in line.

Right. But I don't think we should be thinking anything other than that this is a reason why Pal can cut,

and that's what he's been waiting for.

Well, that's where the odds stack up for December.

Now tracking at an 82% probability per the CME Fed tool.

It was high 50s yesterday of a 25 basis point cut in December.

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