People like to talk about the straw that broke the camel’s back. I think an anvil broke the bull market back last week. A straw would never have done it because, until last week, I didn’t see much in the back of a bull that would make a straw work. But it seems that an anvil, a metal processing tool, can break everything, and that is what it feels like it is happening. Consider that until last week, we are very excited about how the yields of bonds were falling even as the inflation had not been sharp. But by the end of the week, which ended with a big sale at Friday’s session, we were blazing from the decline in yields. Did they say the economy was weaker? Did they say the customer was weaker? Were they saying that the federal reserve starts better landing rates, but cannot because there are still many indicators of inflation that goes above? Were they saying to leave Dodge and invest everywhere else – Japan, Europe or China – and do better than here? Maybe the bond market saying all the above, Anvil descending on the bull’s back and really throws the poor boy for a loop. By Friday, it felt like the latter, right? Jeff Marks, the director of the club portfolio and I talk constantly. I prepare my newspaper “Top 10”. We prepare for the “morning meeting” together. Jeff prepares for the afternoon house while I prepare for “crazy money”. On Friday, we breathed while we were preparing and discussing that, once in age, our cash position had reached a double percentage and, finally, we could choose in some actions if we wanted. But what to choose? We do not like to buy a share at the same level that we have recently purchased shares in. It does not do well to continue to choose, say, at Disney while shares still traded about $ 108, approximately the same price that was on February 11 when we bought more. We use the discipline of levels a lot. They make us not buy too much in the country, which is always a mistake because if the shares go down, you can have a very large position and you can not buy more. We are preparing for the market to go down so that we can get an anvil clarity. On Monday, people in Wall Street will all be all about what happened last week. They may ask: Why were high -growth reserves captured and stable growth drug reserves actually depend on? I would say it’s wrong reading. Most shares descended. Who really cares about the pile in Johnson & Johnson? We had a weak retail group after Walmart’s profits report. We had poor house builders even though the yields of the bonds went down. We had terrible transports even when you would think there would be a ram to send things here before the highest tariffs began. Industrials were also terrible, though we have no weakness in industrial America to speak. I know the shares are visible, but they can sometimes do a really delightful job in predicting things, so I say what? We just don’t want our reserves to go down, no matter what no one seems to believe, but it’s completely true: the weather. The most disturbing stocks in this market are now the shares of high -rise enterprise software because they are falling all over the country, and they are often the signs for which there is something wrong that no one wants to talk about. These are the reserves that, as long as everyone holds hands, we will be fine. Servicenow, for example, is a famous hand holder, and after a big blow to $ 1,170 on January 28, it is now drawn to $ 938, and you expect the last quarter. It was not. Just no humble beating and uplifting. She is still loved by the Analyst Community, so what are these sellers doing? What is their problem? Don’t know CEO Bill Mcdermott is killing it? Don’t they know if everyone keeps in action, then these kinds of withdrawals will not happen? What is there with them? Then again, the name of the Salesforce club traded up to $ 369 in December and is now at $ 309.80. Reports Wednesday, and even as I think it will be a big quarter, who does not have a predetermined feeling after last week? Enterprise software shares trades as a fund traded by exchange. The pressure on Salesforce is gigantic and Bears, who have returned and loaded for Bear, know that. I think they try to remove shares no matter what. What about work day? Don’t worry. Do you think when Nvidia club shares reports it will be different? You think people have forgotten Deepseek? This is the Chinese beginning that he wasted again in late January. Will they overlook the idea that Nvidia market capitalization fell by nearly $ 600 billion a day in a poor source company? I don’t think so. The trimester feels poorly determined. Its next-generation platform Chip Blackwell is slow being installed in databases, and the Chinese situation has not been cleaned-like export controls of Deepseek and Sh. Donald Trump. Can you imagine what Nvidia should mean to keep shares? Jayyshree ollo, Arista Networks long -term general manager, said everything right and yet a single line – a negative line about the Meta Customer Platforms, a club name – Kyboshed the entire shoot match. And now Arista’s actions continue to go after the profits. It cannot be stopped, it will not stop, though it is actually the best of the best. There is also Home Depot, which also reports this week. We have to deal with the idea that the Home Depot is just a game of interest rate, which means it can go further even as club shares have already decreased more than 50 dollars for a high -ranging action of all time reached on November 26th. I hoped that when they report on Tuesday, they could say that the business had chosen between the fires of Los Angeles and the Hurricanes. But I feel now that the weather will be accompanied against me. In a way, many quality enhancement actions look like they have already been wild, and now we are talking about a second wild layer. What lies behind all this? I think any serious remorse of the buyer. Euphoria Trump has faded in Shroud Trump as it turns out that Trump said it when he said he would use tariffs as a tool to make companies to return production to the US, in an effort to help the working person. Shouldn’t it be a easily broken promise? It looks like a no. People who voted for Trump may have been dissatisfied with Biden’s administration and inflation, but they were not dissatisfied with the work. Employment is still very strong except in government. If anything, Trump is going after a part of the economy that needs less help: production. We do not have enough people to work in factories, probably not in new factories capable. It is not like Trump is not pro-business, big or small, but on the contrary it is in favor of companies building here, period. Excellent residence affairs if we are going to a recession. Strange residence affiliate if this were the Nixon-ford-Carter period. Now, in cases like this, I always hear George Michael’s voice singing, “You must have faith.” I remembered to leave the office on Friday, asking if all this negativity is probably brought by a wicked rotation of the stock-in-the-link that has now passed his course and has finished. We will come prepared for more the same Monday, but maybe the same thing ended. This has happened many times. Or we could have Mr. Mercurial tell us that it is time to start talking about tax cuts. Or we could have a day of tranquility, where no one in the federal government thinks they will be blocked by their offices, something that should not affect the actions, but certainly feels like it has begun to do so. And Elon Musk. Nothing except musk titles, seemingly 24 hours a day. We can’t do anything about it, so we sell shares. I’ve heard more crazy things. After all is that I have doubt, planted by everything. What do you do when this happens? You keep your money and wait. You expect the market to get oversold and others share your scare. Let them move first. Leave them on bail. We are minus 1.4 in the short -range S&P oscillator, with minus 4 signaling conditions. Despite so many huge falls, the main stock standards are very close to their levels to make an attitude. This will come later and lower. Why be a hero earlier than you should, especially when Parantir was down. If sellers could reach high flight Parantir, they could reach for nothing. Meanwhile, the future of net capital is laughing at us, lighting green on Sunday night. What the hell do they know? Like war, absolutely nothing. Wait. Let it enter. If you have money, bend it in budside – not in downside – for some of the really damaged goods. This is the plan. Don’t expect anything big, but we’ve made the sale we have to do. Now, we just have to make the expectation we need to make. And nothing else. (Jim Cramer’s charitable belief is Long Dis, NVDA, Meta, HD and CRM. See here for a full stock list.) As a CNBC investment club subscriber with Jim Cramer, you will receive a trading alarm before Jim Make a trade Jim waits 45 minutes after sending a trade alarm before buying or selling an action on his trust portfolio charitable. If Jim has spoken of a CNBC TV action, he waits 72 hours after issuing a trade alarm before executing trade. The above information of the Investment Club is subject to our conditions and conditions and the privacy policy, along with our denial. 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Traders work on New York Stock Exchange floor during the morning trading on January 24, 2025 in New York City.
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People like to talk about the straw that broke the camel’s back. I think an anvil broke the bull market back last week. A straw would never have done it because, until last week, I didn’t see much in the back of a bull that would make a straw work. But it seems that an anvil, a metal processing tool, can break everything, and that is what it feels like it is happening.