Betting the Slowdown Is Here - TheStreet

Does the

Fed

need to tighten again? Are we done? That's what people have to think about these slower numbers.

Many things are positive this morning. Sherlund says the worst may be over for

Microsoft

(MSFT) - Get Report

.

NAPM

says the peak in pricing is over.

We are putting a ton of money to work betting that the slowdown is here and that we may have seen the last tightening.

We are buying banks and tech on a hunch that the Fed is done. These numbers show the Fed has won. The soft landing has happened. The economy has clearly peaked.

We can't wait any longer.

James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund was long Microsoft. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at

jjcletters@thestreet.com.