Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

Once again, we've got a mixed market, but the cyclicals keep leaving us, Jeff.

Yeah, seeing another continuation of that rally, stocks like Caterpillar doing well, Emerson, Electric.

On the other hand, it's the tech,

it's NASDAQ, lagging again. Some of that yesterday, perhaps due to that special rebalancing announcement in the NASDAQ 100. Of course, the Magnificent 7 became such outperformers. Now they're

trying to rebalance the index so there's not an

over concentration problem.

Right.

But what's interesting is that Amazon, which is Prime Day, has gotten a couple of very positive

pushes.

And by the way, Salesforce not a Magnificent 7 raises prices rather substantially for their product

and the stock is taking all.

Yeah.

I don't know which one we want to hit on first, but yeah, Amazon Prime Day, of course.

You have Wells Fargo adding it to a signature pick.

You have Evercore, naming it the tactical action and positioning list.

The analyst has been pushing that triple trough thesis, trough, AWS revenue growth,

trough retail margins and trading out a trough, even multiple.

Now, of course, the problem is that this is when it was troughed.

Right.

It's been a nice move since he unveiled that thesis.

But big debate still around AWS reacceleration.

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