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

What you have to have as homes being built. You have to have supply come to the market, which it hasn't,

mostly because a lot of people have very low mortgage rates. They don't want to jeopardize those.

And you have to have more apartments built. Now, I thought that there was going to be a plethora of apartments being built that has not

materialized. Subsequently, what we have is a very sticky number that I'm sure that the hard

liners on the Fed are going to say, hey, we got to keep taking it. Well, that's the question.

What is the Fed to do? Because there is this putative rate hike that occurred from the regional banking

crisis and all the tightening of financial conditions and the slowdown in lending that

occurred as a result. So perhaps now the market is saying maybe we get 25 basis points next

meet at the next meeting in May. But I know Sunday you wrote, well, I'm not

too sure if the Fed can continue to raise high. And my Fred and Jardini, I said very similar. We read

each other stuff. Look, I'm concerned that the Fed doesn't realize that when they raise rates,

it tends to lower the long rates,

which then tends to lower the mortgage rates.

So it's a very counterintuitive process. It's not working.

I think the point I'm trying to make here is that perhaps the Fed needs to maybe raise one more time,

but then hold versus this market perception of cuts later this year.

Right.

Now, what I would do if I were there is I wouldn't say hold. This is my new, I'm trying to formulate what I would do if I were then. I would raise a quarter point, okay? And then I wouldn't say anything. I just wouldn't say that. Just let the data determine where we do. Just let the data be the data. I mean, like, you don't need to be an NFL coach and say, okay, listen, we're going to win the game, and then I'm not going to focus on the next three games. They could be trap games. You don't say that. You just play the game. Let's talk meta for a second. second. One of the reasons why meta keeps going up is there a belief that they've been using artificial intelligence to be getting around,

signaling to an advertiser around the iOS system which has been blocking them, signaling that perhaps they can give you that return investment that they had pre-IOS blocking them.

That is very important.

Right. So there's two ways META's business has

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