Jim Kramer here to share with you a sample of my take on the market from today's

CMEC Investing Club warning meeting.

Today is a day when smaller cap stocks are shining and most important companies that do

well when interest rates come down. Jeff, you know that this CPI is really in control today.

You don't buy the semis when you get a great CPI number.

You buy Best Buy and Stanley Buck and Decker.

Yeah, I mean, look, if you would have told me CPI would be down 0.1% month over month

and the S&P would be down on that, I'd be very surprised. But what's happening, as you called out, it's a lot of rotation out of these big mega cap names that have just been up, up, up and up. Apple, Amazon, meta, Microsoft, NVIDIA, all the names that we've, you know, championed for years. And they're finally rotating into some other groups that do benefit more

when rates come down, which they are today. Ten year falls below 4.2%. I mean, look, we bought Next

Tracker. We started a position in that a couple weeks ago. They're one of the biggest beneficiaries,

the solar stocks of lower rates. So you're seeing that play out today. People should recognize that correlations, very important correlation.

Stanley Black and Decker, that's another one we've been saying.

We've had to be very patient in that.

But finally putting together a couple good days as rates come down.

Well, I think that people have to understand.

We set up a portfolio.

And I remember when I was at Goldman Sachs, Jack Sheppard, my partner used to say, look, they can't all go up at once.

And the reason why is because they shouldn't. We always want stocks that are levered to different things.

Now, we obviously own so much of the tech titans, probably more than anyone else on Earth. We identified companies like InVidia very early.

But we also felt that at this stage in the rate cycle, it would be good to have some rate cycle

benefit shares.

Because we predicted that there will be a day, you'll have a day where the big caps get

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