Jim Kramer here to share a short preview of my take on the market from today's

members-only CNBC Investing Club morning meeting.

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That's one word, morning take. Rates are getting uncomfortably

high for me. Now we talked about Home Depot before we started. It's really knocked the stock

down. But when I see rates go up, 10 year 4.4, I always have to take a pause and say, okay,

let's add that into the equation before we buy anything.

Yeah, and the last time we were around here, the market wasn't at these record levels,

four or five on the 10 years where you started to get the administration,

get a little more active in terms of de-escalation in the war,

but oil continues to climb 104 now as this blockade continues of Iranian wars.

I'm not crazy about this.

Yeah.

It is, I am a little surprised that the market is, I mean, you know, barely down.

I guess they're, you know, it's the view that maybe a month from now, two months from now, this won't be an issue. Do you have a Fed meeting today?

Jay Powell's final press conference is Fed chair. A great, he's done a great job. I think he's done a

remarkable job. I mean, it's a shame that he's ridic a great job. I think he's done a remarkable job.

I mean, it's a shame that he's ridiculed.

There are some people, I'm not saying anybody's above ridicule,

but this man, I know him, is quite a public servant,

didn't need to do this, was really doing it for the country.

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