Hey, it's Kramer, and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

Boy, do we have a lot to say.

Let's just start with the market being higher.

Now, one of the reasons I think we're just really taking the hand off from Europe.

We've been very correlated with Europe at the opening, not, of course, once Europe closes,

but there was a nicer tone there.

And then we also had a very good tone from Taiwan Semi. So you had Rishmont positive Taiwan Semi,

so we didn't come in with the book being negative, so to speak. Yeah, I think the Taiwan Semi news is key.

They're talking about a return to growth in the quarter, a lot of it being

fueled by demand for AI chips. Do you have that? And then of course an upgrade of the largest

company in the S&P 500, Apple. I think that changes things too. So you're seeing a nice

rebound today in technology stocks that people can't quit.

Well, what did you think about the idea that Apple had been going down, down, down

on worries about near-term and they're taking a different view, which is really a

view that's very out of favor, which is that longer-term things will improve.

Well, I think the near-term concerns are valid, right?

We know China's economy has been weak.

They did have this price discount. We'll see if that lasts longer than the, over the lunar holiday.

But I think what Apple, what Bank of America, in their longer term view, what they're looking at

is a multi-year iPhone upgrade cycle because at some point the new iPhones are going to have a much more,

a deeper integration with generative AI applications.

...