I'm Jim Kramer and you're about to hear a sample taken directly from today's CBC Investing Club

morning meeting.

We've got a very mixed market and a lot of this because we still have no debt deal.

Now we all know that a debt deal is done in time is going to ignite the market.

But until then, I think we're just going to see this more of the same.

Interest rates going slightly higher and trendless.

And I have to tell you, Jeff, I'm not crazy about this market.

And I'm not crazy about it because we have a lot of numbers from retailers for the last 10 days.

I struggle other than Dick's sporting goods to find one that has come in right.

Yeah, we are seeing some cracks in the consumer. And we're also on bond yield watch as well with the 10-year and the two-year yields earlier today,

hitting its highest level since March. You had J.P. Morgan's CEO, CEO Jamie Diamond yesterday saying be ready for higher rates.

Perhaps that explained some of the weakness that we saw in some consumer staples yesterday.

And again today, as you pointed out last night on Mad Money.

So yeah, we're not near oversold or overbought levels on the oscillator either.

Still sitting in no man's land.

So just kind of a sit on your hands type of feel right now.

For the first time, since this part of the earning season, and I know it's the extended

part, which is retail, we are seeing some stocks react in what I

regard as short suiteshast and lows is up today. It was a little better, as we talked before

than Home Depot. William Sonoma's up. That's been pressured down just endlessly, BJ's wholesale,

not up. And these were all quarters that I just mentioned that were not as good except for Dix where they reaffirmed.

And what I think is happening is that not only do we see cracks in the consumer, but now it's just travel.

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