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

morning meeting.

Now, the bomb market yesterday was ignored. Rates went up big.

There's a sense maybe that rates overshot is the way I feel, and that that's why we could

have a second day rally going on here, led by things like Home Depot, which is one of our stocks that we said you should buy us here. Yes, unfortunately, we couldn't buy it due to restrictions. That's the nature of the game. But yeah, I mean, we certainly wanted to take some of the sale proceeds from the Honeywell trim. Remember, we don't like the execution that's happening at Honeywell, so scaling out of that

to buy something like Home Depot.

But Jim, there's a lot of, you know, call it profit taking in things that really rallied hard yesterday.

Whether it be the banks, Wells, Morgan Stanley, Wells was up 13% yesterday.

Morgan Stanley up 11.

Wells was the most powerful gain I have seen in a major bank in my life.

Wow.

Yeah, I mean it was a huge move, you know, now soaring past the highs from 2018.

Don't you think the new regime, the Republicans will get rid of the asset cap that's existed now for more than six years and it's completely gratuitous because Charlie Sharp had nothing to do with it. I think it's certainly more likely. So you have deregulation,

you have a potential for an M&A wave. Those were helping the investment banks, tax cuts as well.

So we sold Wells, sold some Morgan Stanley. Actually bought some BlackRock with that money

because Black Rock was lagging the others.

And Black Rock's got private equity.

But one of the things that Black Rock has is Larry Fink.

And Larry Fink, I think the stock up 28.

I think the stock could be up 45% without a problem.

And I urge people to buy it right here.

So you mentioned earlier the move and yields.

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