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

We have a market that should have been defined by just interest rates because we had an employment number that was pretty much perfect.

Rates go down, but we don't have a lot of inflation. We like that.

But what's happened immediately is we go and say that the economy is slower, so we have

to sell the semiconductors.

And that was hastened by the fact that people think that Broadcom had a week or quarter.

So we're going to go right to these and say, the yield reaction is positive.

The stock reaction is not, which is highly unusual.

Yeah. I mean, look, I think that there's a debate right now, 25 versus 50 at the meeting.

When the number first came out, it looked like 50 might have been the market leaning that way.

But it's kind of reverted back to 25.

You have seen yields move up.

The first move was wrong.

I mean, market was initially higher around the open.

We've given up the gains. Well, look, when you have a big futures decline in the morning,

those people are going to try to make themselves right. They look so stupid. They can come back

and knock the futures. But, you know, when you get Europe closed, you get a kind of a sense

that maybe things have gotten too negative. But, geez, we're in September, Jeff. It's just a tough tape. I mean, we've seen it this week so far. We're down every single day. It's just been a rough tape, but that's fine. It won't last forever. Well, especially if we get oversold, but we have to get, 1.6, as you mentioned this morning, before we came out here. We want to see minus four. We get the minus four of them. We're going to start using some of that cash work. Yeah. And maybe some could argue the market needs to kind of retest the yen carry trade blow up lows from the beginning of August. Which would be 92 in video, 98 at the end of the day. Yeah. So I, look,

I think some patients is warranted. That's all. But what to do with down 15, buy. Yeah, small.

So Broadcom. I would love to buy today right now. Well, we can't be restricted. We are restricted.

And we'll be restricted on Monday.

That's the nature of the product. But let's talk about the quarter. So they did beat on the top and

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