My mission is simple, to make you money. I'm here to level the playing field for all investors.

There's always a home market somewhere, and I promise to help you find it. Mad Money starts now.

Hey, I'm Kramer. Welcome to Mad Money. Welcome to Kramer. Other, my friends, I'm just trying to save you a little money. My job is not just to entertain, but to educate, put things in context. So call me at 1-800-743CMBC. Quake me at Jim Kramer. Never forget that the stock market ultimately answers to the bond market. Bonds are in the driver's seat, and the

bond market really doesn't like inflation or lots of new bonds supply. It can suss out rising

consumer and producer prices coming from miles away. It knows when governments are spending

recklessly like ours is right now. So periodically, the bomb market acts up,

sending U.S. Treasury's down in price and up and yield. Today, it didn't just act up. It threw a

temper tantrum. It's causing rates to go much higher. Certainly much higher than they were before,

the more with Iran. And that's why the

averages really turned ugly. Dow's sinking 537 points, S&B falling 1.24%, and then asset company

1.5% remember those days? Could be bad? What did set off the bond market? Will, of course,

which traded up 4%, now to $105. That's way too high for this economy. The prices at the pump is getting mighty expensive. And the bar market is not happy about that. It abhors rampant energy inflation and all the downstream problems of causes. It's not particularly reassured by President Trump's state visit to China, which looks like a lot of handshakes, some dinner pictures, and not much else in the way of substance or even commerce.

Historically speaking, there's nothing that alarming about the 10-year treasury yielding 4.59% or the 30-year yielding 5.12%.

But these rates are at a one-year high and more important.

They signal that rate cuts are not on the menu, at least not anytime soon.

Kevin Warsh is replacing J. Powell's Fed Chief. He wants to cut rates because parts of the economy

like the orders, housing, they're sluggish. And retail sales have turned suboptimal. Without the

colossal data center

build-out, construction would be disappointing, too. Rate cuts could reverse all that,

but it's irresponsible to cut rates when inflation is running red-high. The Fed tried that

during the last oil crisis in the mid-70s, and it was a disaster.

You know nothing! Horses' hands might be tied. Now, that wasn't the case before the war back when oil was in the 50s and 60s. So unless the war comes to a swift end, I can't be too aggressive about buying more stock. We didn't recommend buying this dip for members of the CMEC investing club, save for a single stock. Not enough of the decline. Plus, we had that

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