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

CBC Investing Club morning meeting.

I think the Brown shoots that you have been pointing to will they surface today with

the GDP number that was much softer than expected and increasingly as a concern to the

prices price index much hotter than expected.

So what we don't have, what we were hoping for, and this is something my friend Michael

Sembos put out yesterday at J.P. Morgan, we were hoping that we would have a disinflation growth

spur. Instead we're having an inflation lack of growth spur, that's the Brown shoots.

So it means that the Fed as my friend

Matt Horwian was saying the Fed needs help you can't just be the Fed because the Fed's

raised rates and it hasn't tamped inflation so what you have is a situation

where people say you know what I don't like the tenure the tenure is the

barometer for everything we just said so I mean whatever the tenure says isn't charged That's one of the reasons why I said last time on the show. I don't like the market because I don't like to have a bond in charge of my stocks. Right. And then you have the 10-year selling golf, meaning up in yields, in reaction to it, some concerns about stagflation. We'll have another auction later today and then of course PCE deflator tomorrow.

Right. But seven years not that attractive. I don't think it's a great piece of paper

because you don't want to lock yourself in at that low rate.

Meanwhile we are seeing a lot of disappointing reactions to earnings. There are some pockets of green,

but I think meta kind of the poster child of today.

Well, can we talk about meta? Yeah, of course, because the quarter itself was actually pretty good.

You know, revenue beat 27% year every year, pretty darn good. But then he lowered the next quarter's growth.

Right. And earnings beat expectations, but the revenue guide, the midpoint was lighter than expectations. The stock

was priced for a blowout up 40%.

Yeah, now it was down 75 at one point, it may you come back. I don't trust to come back just so people know.

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