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

CBC Investing Club morning meeting.

A lot of the regional banks rebounding today, Treasury Secretary Yellen did say this morning

that the government is ready to provide further guarantees to all deposits if necessary. And we've been saying for about a week

now that the government needs to ensure all deposits. Clarity. Exactly. Clarity on the deposit

base so that these runs don't happen. And then next we'll be focused on this commercial

real estate after you finish these runs. You know that's the case. Although I have to

tell you, I was heartened by the fact that New York Community Bank got upgraded, even though they bought signature, which is a bank that had all sorts of real estate. So it's something to watch. There's positive and negatives, but if FRC stays up, the banks stay up. And I think people are betting or short covering. The FRC has some sort of deal. I don't know, nobody knows. We do know that someone knows the deposit flows. We don't have that number. Sure. If we got them, it would be something. One of the things I mentioned that tech is positive, I mentioned that banks are positive. I never thought that we'd ever see oil positive. Right. Oil rebounding, too. You have rates moving up as well.

That's inflationary and also a sign of end-of-flight to quo.

Yeah.

And it's interesting, too, because it comes ahead of tomorrow's FOMC meeting.

Of course, now probability is looking for a 25 basis point rate hike.

There is some conversation, though, will they pause? Will they do 25? Well, you just got a new housing start number, which was off the charts.

It was a double-digit number. People expected much less.

And I think that's because, as Lenard told you in the Comps School, every time rates dip, you get buyers.

It's just, it doesn't matter about the cycle.

Remember, I think people keep confusing. Long rates do it matter. And long rates are down and then people

buy homes. It is not rocket sun.

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