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

CNBC Investing Club warning meeting.

This is one of those days where I think we're beginning to dawn, and I said this last night

on it may have money.

There are cracks and they're becoming more and more cracks, but there are enough stocks that do well in a

cracks environment that you're not going to see it in the Dow if you tell me it's

steel pricing and for different grades including hot roll which is very key for

autos and not the cold rolled is the outside hot roll is the inside if you have

cold rolled doing okay and you have hot roll

going bad, you buy Merck. Now I know that seems like a kind of a knee bone connected to the

leg bone, but that is what managers do. So you'll see a Merck and Pfizer move here. And the best

way to look at is our friend Matt Horwain suggested it the best chart in the book happens

to be the utilities. Yep. So you mentioned just some classic slowdown stocks. You mentioned utilities, those in Staples, two of the three sectors that are actually up this quarter. So it's kind of been like a Procter & Gamble market. That stock has. Yes, it has. It has been terrific. The flip side of that is the discretionary stock, consumer discretionary stocks, maybe excluding

Chipotle, have been very weak.

And Dutch Bro.

Dutch Bros had a good quarter because you know, Chipotle is plus seven, Dutch Bros was plus

10.

I mean, you're getting some that have been, have bucked it, okay?

But that's not what we're talking about. The one that you worry about is like a dime brands, you know, and I hop. I mean, now you've got eat, but that's because they offered something for the low and high. They had a good barbell situation. But if you look at the vast majority of restaurants, Texas Roadhouse was the absolute best.

You have a lot not doing well, and you know, some doing well.

And that's not the sign of a healthy economy. Sure. It's a sign of a spotty. I know oil at one point today hit its lowest level since March 11th. Maybe we'll start to see that also. But you know, on the other side, maybe they'll translate to lower prices at the pump in the future, which should help out the consumer.

Right. That's a very good point.

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