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

morning meeting.

I did have a thrill of being able to speak to the president-elect.

I say thrilled because this is a president-elect who uniquely likes business.

He likes talking to me about stocks that's been my relationship with him since 2005.

He's always liked

the idea of asking who should I be talking to, what should I be doing. It feels very

liberated. Okay, when I say liberated, I feel that the companies have always done well under

President Biden, but that meant nothing. Here the President is saying basically, we're

open for business and he particularly wants reshoring, very, very positive.

He wants to create a lot of jobs, but he is, I guess what I would say is he is the most pro-business president I've ever seen. Sure, and it's creating a pro-business environment, which a pro-business environment, generally good. It's going to be good for stocks. And when you talk about a plan where if you invest a billion dollars here, they'll expedite some permitting.

Again, that's deregulatory. That's why we saw a big move in some of the industrials and the banks immediately after the election. So, you know, certainly good things there. You spoke right to him, and he said it himself. There's going to be days the market goes up, there's going to be days that there's dips. There's a dip today.

You have the 10-year high. there. You spoke right to him and he said it himself. There's going to be days the market goes up.

There's going to be days that there's dips. There's a dip today. You have to 10 year higher. Let's talk about that. Because I think that what's going to happen is, look, I see, you know, I'm those, I see NVIDIA going down. I see that. I see these stocks. I see Amazon being recommended again again. I want to take stock to the fact that we are in a moment where rates are going a little bit higher.

Yep. And that's scaring people. But we should be taking a little bit longer term view and saying, let's be involved with the companies that are doing well because we've had many scares in the last 20 years. And yet look at the percentage gains we've seen from these stocks. So we have to be looked to be opportunistic. We're not yet oversold, but we seem to be getting there. And you and I will have to huddle ahead of our meeting next week and be able to talk about maybe putting some money to work. And you guys talk crypto, you talk big tech CEOs, founders Zuckerberg, Jeff Bezos is heading down tomorrow ago.

No, so again, I mean, look, it's so, it's difficult to contrast. Meta, Amazon.

Right, it's difficult to contrast the tape, so to speak, and what I said and what I got in return from the president-elect.

But what I am saying is that the things that he's doing, like

when he says something, which is not even, no one seems to care, that he has a great relationship with China, a good relationship with China. Well, no one thinks he has a good relationship with China. Everyone feels that, you know, it's from the Peter Navarra Wing, Peter O'Fran from college for 50 years now. You know, look, I don't mind coming, I don't mind telling the truth about my friendships in this administration because some of these people, I'm not going to hide it. I've been friends with love it for 20 years. I mean, what am I going to do? I don't mind that. I actually embrace these people or business people. But I would say they all have one thing in common, which is that they want these stocks to do.

They want these companies to do better, which would therefore make these stocks to do better.

And I like that.

Start your day with my outlook on the daily market every morning at 1020 a.m.

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