It takes a special kind of stock to do well when the economy is slowing while inflation just won’t quit. Typical this week gross domestic product number just 1.6% growth anemic and a surging inflation number. Connected to the GDP is up 3.7%. Bad combo, which is why the Dow tumbled 370 hug points Has to be lost .46 cent NASA jump dropped .64% but you gotta tell you it was much uglier at one point today did the Dow was down almost double where it went out as we heard all day about the slower growth and higher inflation. And that meant the dreaded term stagflation. And that environment is toxic for stocks. The House of Pain. On top of that, one of the market’s greatest leaders met a platforms got crushed today. I mean just annihilate. Missouri’s which were stellar, but because it committed a huge amount of spending, most of it directed toward generative artificial intelligence. What’s bad for the meta goose, though, is good for the NVIDIA and Broadcom gander, which is up 29 points and 37 points respectively, as they’re going to get a huge chunk of capital expenditure budget. I still believe in meta. More on that later. In the end, this decline was all about a slowing economy mixed with persistent inflation, which drove up bond yields and brought sellers out throughout the day. So you gotta ask yourself, who can win in this environment? Are we done? We just fold up shop. No, we just have to work harder. Don’t miss a second of Mad Money. Follow at Jim Cramer on X. Have a question? Tweet Kramer hashtag Mad Mentions. Send him an e-mail to [email protected] or give us a call at one 807 Four Three. CNBC. Miss something? Head to madmoney.cnbc.com.
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