Naughty Flicks

Skip NavigationMarketsBusinessInvestingTechPolitics & PolicyVideoWatchlistInvesting ClubPROLivestreamMenuEvery weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The S & P 500 ‘s declines accelerated Tuesday after the 10-year Treasury yield hit its highest level since 2007. “No one’s talking about the things that are actually driving our market,” Jim said during the Club’s Morning Meeting, pointing to the historic surge in bond yields and the rally in oil. Instead, Jim argued that “people are very concerned” with what may ensue between Federal Reserve Chairman Kevin Warsh and President Donald Trump if the Fed does indeed raise interest rates Wednesday. The president has regularly called for lower rates. According to the CME FedWatch tool , chances of a rate hike are above 92%. 2. As the Fed’s rate decision approaches, Jim cautioned investors against trying to predict monetary moves too far down the line. “The idea that we can predict two and three rates ahead is really a parlor game. I don’t like it,” Jim said. “Everybody plays it, and it is not good for our audience because if oil goes down big, you’ll regret that you ever said that you thought there’s going to be a rate hike.” Club portfolio director Jeff Marks agreed, pointing to predictions earlier this year that Warsh would cut rates upon taking over as Fed chairman. Those predictions proved wrong. After the two meetings under Warsh so far, the Fed has left rates unchanged. 3. Shares of Intel and Micron were modestly higher following Monday’s sharp declines, which were the result of Anthropic CEO Dario Amodei’s weekend letter calling for a slowdown in the pace of artificial intelligence development due to safety concerns. “I think Intel’s still a buy. I think Micron’s still a buy,” said Jim. We added a few shares of Micron to the portfolio Monday once the semiconductor group stabilized. After speaking with Broadcom CEO Hock Tan on “Mad Money” on Monday evening , Jim said he is not convinced there will be a slowdown in the pace of AI model development. “I think that really is significant for those who are dumping these stocks.” (Jim Cramer’s Charitable Trust is long INTC, AVGO, and MU. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.Read More