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

Today feels to me like a little dicey day, and I'll tell you why.

We got these retail sales and PPI, they look cooler, and I sold bonds, immediately the interest rates go down,

and then there were questions about it, and we're still at that four and a half level of the tenure that interest rates go down. And then there were questions about it.

And we're still at that four and a half level of the tenure that makes people very nervous.

Sure.

I mean, when you look at what the S&P has done over the last, you know, last few days, last few weeks, it's had a big run.

So, you know, with the oscillator remaining overbought, you'd have to think there'd be some fatigue or at least some digestion starting to kick in.

A little bit of a small gain in the index yesterday today.

A little bit lower.

You do mention bonds, though, four or five.

It is up there.

But we did have a lot of earnings come out.

Some big names, big companies. I'd call them more generally good, right? Yes, and Cisco, you know, I interviewed Chuck Robbins, and Cisco had its best quarter of years, and they also have a lot of business coming. Both in the Gulf, they'll have even more business coming, one of the reasons why I think the stock is so strong. Taking some share I see from A-Net, which matters tremendously.

Working very closely with NVIDIA, those orders aren't even in yet.

They're Splunk acquisition, cybersecurity, doing incredibly well.

Chuck doing just a terrific job.

Yeah, always a great bell-weather for enterprise spending.

You mentioned product orders up 9% year

over year, ex-blunk, AI infrastructure orders. They hit their target of a billion this year,

a quarter early, which is just a great sign. Kind of dovetails with what core we've had to say,

with AI accelerating, robust demand. Not economically sensitive.

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