karen finerman, this notion of a fed put, maybe it's still there. maybe it still exists. but it's a whole lot lower than i think maybe a lot of investors are pricing right now. >> yeah, certainly not an at-the-market put. but i agree with mike. and definitely guy and the others why should the fed dwhaswhat sh make the fed slow down we're starting to see housing prices roll over a little bit. particularly with china reopening, which could cause some inflationary pressure, they've come this far. i don't see why they should put on the brakes. i think we'll see -- 25 is i guess the most likely. but i think we'll see the hawks come out in droves kind of after that i don't know if the market cares or not, but i think that's what should happen. i think that's what will happen. >> we're still seeing a yield curve that is back headed towards in my opinion negative% 1% and you can talk about the fed controlling things all you want. maybe they can control the front end. they certainly don't have control over the back end. if mike is right, if you see a flood into bonds, maybe on the

we're live at the nasdaq marketsite we've got a full house on the desk tim seymour, karen finerman, dan nathan and guy adami. we start off with the goldilocks reading on inflation the latest cpi giving markets exactly what they wanted the dow up,n't nasdaq continuing its rally for ail fifth straight day its longest winning streak since last july the s&p flirting with the flat line but did manage to end the day in the green meanwhile interest rates pulled back as investors bet the fed may not be so aggressive with its next rate hike yields on two-year treasuries falling to its lowest since october but can this momentum continue as investors shift their attention from the economy to earnings q4 reporting season kicking off in just over 12 hours. with jpmorgan, bank of america, citi results due out before the bell tomorrow. how are we set up, guy >> that's what the bulls now have to prove themselves, right? in the form of earnings. okay so the cpi i think -- if you're bearish it gave you something, if you're bullish it gave you something if you think the fed genius. everybody got a little

sell-off from its highs this is a place walmart thrives >> karen >> yes, mine is short netflix calls and another happy birthday to stacy finermanank you for clarifying >> happy birthday. i would be a seller of the >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to help you save some money. my job to entertain, educate, teach. call me 800-743-cnbc tweet me @jimcramer. sometimes it's about what side of the ball you're on. the offens