Jim Cramer: Oil prices and bond yields are overriding strong AI results

Cramer is reading Fed Chair Kevin Warsh's hawkish tone as an immediate hit to bank stocks, and rate-sensitive financials are the first place that repricing shows up.

Crushing the financials as Warsh seemed pretty severe... Holy cow, he's a taskmaster.

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Ant Group is handing out free open weights that score 24 on the Finance and Accounting Index and sit on the efficiency frontier, pressuring the paid models banks are budgeting for.

Ling-3.0-flash-Fin, Ant Group’s new finance-focused open weights model, scores 23 on the Artificial Analysis Intelligence Index and 24 on the Finance & Accounting Index, and is on the Intelligence vs. Active Parameter Pareto Frontier @AntLingAGI has released Ling-3.0-flash-Fin, https://t.co/kiqwLrkoJ6

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Holders of Eaton Vance state muni mutual funds and closed-end funds would get intraday liquidity and likely cheaper fees if the $10 billion conversion clears; watch the filing for the fee tier Balchunas flags as the swing factor.

Morgan Stanley is going to convert $10b worth of Muni mutual funds into ETFs. Looks like that’s what this filing was. https://t.co/9Oa0pgj6UY https://t.co/be5TD3JEk2 [Quoted @EricBalchunas]: Morgan Stanley with the rare ETF filing, this one for a slew of Eaton Vance state muni ETFs which are curr in CEF or MF form only. These should do well imo esp if fee is at Inst class or lower. https://t.co/21rGVxkduD

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Traders have staked $7 billion on a long-duration bond bet just hours before the Fed decision, and Bloomberg's ETF analyst says the payoff rarely covers the bleed.

The endless allure of $TLT (the fav ETF of ppl who like to overthink things) in effect as traders pour $7b in ahead of Fed. This thing largely burns cash but once in a while it goes into jackpot mode. Here's clip of @NateGeraci on ETF IQ on why it's just not worth the risk https://t.co/jzw5tZt6lp

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State-specific muni strategies locked inside closed-end funds and mutual funds would move into a cheaper, tradable wrapper, and Balchunas says the whole thing hinges on the fee landing at institutional class or below.

Morgan Stanley with the rare ETF filing, this one for a slew of Eaton Vance state muni ETFs which are curr in CEF or MF form only. These should do well imo esp if fee is at Inst class or lower. https://t.co/21rGVxkduD

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A single Starship flight adding 26 Tbps puts SpaceX years ahead of rival satellite broadband fleets still fighting launch delays, and it lands two weeks before the FCC votes on opening more satellite spectrum.

Starlink V3 constellation starts being deployed this month. Ultimately, it will deliver more than 100 times the bandwidth of our current 11,000 satellite constellation. https://t.co/oB8LVm8bgp [Quoted @SawyerMerritt]: Starship's upcoming 14th test flight will deliver 26 Starlink V3 satellites to orbit for the first time. Each Starlink V3 satellite will add 1 Tbps of capacity to the constellation, for a total of 26 Tbps of capacity added on this mission alone. That’s ~10x the capacity compared https://t.co/3PhK6Hb58v https://t.co/JUMwWMYnBn

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Flight 14 is set for September 22, one week out, and the only thing standing between Starship and orbit is FAA sign-off on the launch license.

Next Starship flight on 9/22 https://t.co/ZB5wA9XAzp [Quoted @SpaceX]: Starship is preparing to go to orbit. Flight 14 is targeting to launch as early as Tuesday, September 22, pending regulatory approval → https://t.co/LwJ4g6dg9v https://t.co/Ds0aGWpT9V

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The joke lands on a real risk: leveraged and single-stock funds are closing fast enough this year that holders get cashed out at the lows instead of waiting for a rebound.

"ETFs should come with a drink ticket and a players card at this point.. There's been so many leveraged ETF closures this year that Spirit Halloween is going to open up temporary locations in the vacant tickers." - @SGHWealthMgmt w/ a colorful rant against hot sauce on ETF IQ https://t.co/TFBmekF1oB

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A $2.5 billion day-one seed means new funds now launch with instant liquidity and tighter spreads, so the old advice to skip an ETF until it builds assets is losing its edge.

ETFs are coming to market with more assets lined up as evidenced by UC's massive $2.5b seeding of $UCGB and Proshares' $IQMM as the avg size of an ETF on Day One has about doubled over the past five years vs historical norm. I'm hearing the same thing from white label issuers- https://t.co/ovSLzNtiqj

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The chain only works if both legs cooperate, and traders are currently pricing a Fed hike at the coming meeting while Saudi output disruptions keep a floor under crude. Cramer's bull case rides on that setup flipping.

oil goes down, rates go lower, market goes higher...

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Cramer is calling out Anthropic CEO Dario Amodei for leaving cybersecurity out of the AI safety conversation, and booking CrowdStrike's George Kurtz to make the counterpoint.

I find Dario's dismissal of cybersecurity (by non-inclusion) curious. Does he even consult the cyber security experts? Remember when he said his he could do the cyber security. That's why i had George Kurtz on from Crowdstrike tonight

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