Jim Cramer made a list. Ten things, specifically. For Monday. The stock market will open regardless of whether you read it.
Bond yields keep climbing. This matters to people who own bonds. If you own bonds and watch Jim Cramer for advice, you've made two mistakes in a row. The yields go up because bond prices go down. First-year stuff. The kind of thing you learn before you start needing someone to tell you what to watch on Monday.
Nvidia announced a $150 billion buyback program. That's billion with a B. The company will spend $150 billion purchasing its own shares from shareholders who apparently need an exit plan despite owning the hottest stock of the decade. Imagine being so confident in your product that you spend more than Hungary's GDP convincing people not to sell. The buyback adds $150 billion to an existing program, meaning this isn't even their first time begging shareholders to stay interested.
Cramer's list exists because markets are closed on weekends. Can't trade, so you read. Can't read annual reports because those are long and boring, so you read lists. Top ten things. Digestible. Numbered. Requires no independent thought.
The relentless climb in bond yields continues. Relentless. Like it has agency. Like it woke up and chose violence. Yields climb because people sell bonds. People sell bonds because other things pay better or they need cash or they're rotating into stocks some guy told them to watch on Monday morning.
None of this is actionable. Bond yields rising doesn't tell you which bonds or when to sell or what to buy instead. Nvidia's buyback doesn't tell you if the stock goes up or down Monday. It tells you Nvidia has $150 billion it doesn't need for operations, which is either bullish or proof they've run out of ideas. Pick whichever narrative supports the trade you already made.
Photo by Anne Nygård on Unsplash
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