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

This is another morning where the futures were not indicative of how real buyers feel.

The futures come in, very, very negative, go from 3.30 all the way down, all morning,

and real buyers come in because they send bargains.

Yeah, look, we've had two really nice intraday reversals Monday and Tuesday.

We'll see if we can go three for three if the S&P can close in positive territory.

Some nice bounces forming in some of the financials.

I'm looking at Capital One. I'm looking at capital one. We have

numbers trim. Capital one is a very interesting situation because we are waiting for that to close.

Sure. If it can happen, there's certainly a strong case to be made that if the deal can close

the stock is worth at least 200 bucks. It's one of our, and it's part of the transition out of tech into other things,

which is going to continue.

The names that I'm looking for, by the way, for our travel trust are not tech.

Certainly.

But today is, you know, dubbed Liberation Day.

We are expected to get tariff announcements later today.

Maybe we'll get some tease in the afternoon, but the formal announcements by the president are expected at 4 p.m.

So after trading closes. So monitoring all the headlines, you know, there is some idea that maybe we've priced in the peak of the uncertainty, although we don't know the long-term

impacts that tax will have.

Well, that's what I was 20% across the board.

Now, obviously, it becomes in 30% across the board.

In a certain point, you will stop.

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