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

Jim, one of the things that happened a few years ago was a short squeeze on GameStop.

And I know to think that the whole market could have a short squeeze is odd, but because of these CPI numbers,

the conf of the CPI and the Fed

meeting and the numbers being so weak and interest rates going down so much, we have the

equivalent of a short squeeze with the mega caps and also the home builders. And it's worth pointing

out that's what it feels like.

It is interesting seeing the magnitude of the moves in Apple and Invidia giving how, you know, the billions

of dollars it does take to move those stocks.

But we're also seeing it play out with yields down in many other sectors as well.

The home builders are on fire.

Stanley Black and Decker, you know, when we added to the position last week in the low 80s,

we said all it takes is a rate cut.

Yeah, I mean, I think people have to understand why do we own stocks that are underperforming?

Yeah.

Because when we haven't moved like this, we must be in something that can jump, whether it be Wells Fargo, whether it be Stanley Back in.

Yeah, no, certainly the banks will, should benefit as well.

And why are we talking rate cuts?

Well, CPI came in much cooler than expected, flat month over month.

Core was up less than expected as well.

So now you have people talking to rate cut in September now.

And we'll get PAL later today, of course.

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