Every weekday, the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. The S & P 500 is under pressure on Tuesday as bond yields spiked, with the 30-year Treasury yield hitting its highest level in nearly 19 years. Rising rates usually indicate inflationary pressures, Jim said, as shown by key inflation benchmarks released last week. “It’s a sign that you should be selling stocks, period. It’s always been that way,” he said. On Monday, we pulled FedEx out of the Bullpen, initiating a small position in the transportation stock and economic bellwether. Portfolio holding Home Depot reported earnings and sales that beat expectations before the bell and reaffirmed its full-year guidance. Look for our full analysis in your inboxes shortly. 2. Cardinal Health is up about 1.5% to roughly $203. Jim said there’s potential for the stock to return to $220 and disagrees with bearish analysts’ outlooks. “It’s a…
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