Jim Kramer here to share with you a sample of my take on the market from today's CNBC Investing Club warning meeting.

I put out a piece last night that I do want you to know.

It came out late, but it talked about the notion of the bears being wrong, but it also addressed the Magnificent Seven and why they're light.

At the same time, Jeff, I got a comment, this NASDAQ special rebouncing,

and also kind of an enwi, the endless reiteration for Apple, the Magnificenton,

Apple, Microsoft, for Google, for Amazon, for Nvidia, for meta, for Tesla,

is beginning to, I think, cause people to rethink and maybe

the moving to other enterprise software like the ServiceNow. And a lot of what happened, I keyed

off of the critical reversal on Friday of Nvidia. That really took my breath away. Yeah, it's some

ugly late trading in those stocks.

We do have the special rebalance.

It will go into effect this Friday.

When that announcement first happened, we did see some sell-offs in the magnificent seven.

Those largest seven stocks in the NASDAQ, they're going to have their weight reduced to 44% from 56.

So that money is going to

move around, perhaps going to other areas at your reference. So something to keep an eye on.

I know Goldman's David Koston said, based off the last rebalance, limited impact in the affected

stocks. And of course, these great balance sheets, great improving fundamentals as well this year, for many of them, especially second half of the year.

I'm thinking about an AWS or an Azure.

Right.

That is advertising business.

Reels are strengthening right now.

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