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

The market is on Tanner Oaks. Why? Because there's a press conference today after the Federal Reserve decides what it's going to do.

And there's going to be a question of the Fed chief, which basically is going to say, when did you stop beating your wife?

Meaning, do you favor higher rates or lower rates given the data that you're seeing?

And Jeff, the problem is that there's a lot of the data that's been hot,

but we know there's right underneath.

And he should certainly be able to correct the impression that everything's strong.

Yeah, I mean, look, look at some consumer companies that have reported in the last week or so.

Seeing some weakness there had a really weak consumer confidence number yesterday.

So I think that all adds into the picture.

But look, Powell speak at 2.30, you know, decision at 2.

Not expecting any real news there, but his commentary will be focused. Right. Closely watched. I mean, look, we're bottoms up people. I mean, I look at New Corps. I look at J.B. Hunt. I look at CSX. I look at Norfolk Southern. I mean, they're the companies that are the blood, you know, they, the blood pressure of the economy.

Yeah.

And they're not strong.

And so I think if the Fed goes bottom up and not aggregate, they would say, listen, we see a lot of companies that were doing well previously.

Also, there's this trade down factor that is so indicative of what's going on, which is where you see McDonald's, the burgers are too high.

The idea that a burger got too high is something that the Fed has to recognize. And if they

tighten, of course, it would be a major decline for the stock market. As it is, the tenure backed up

immediately when he said what he said, and March 8th turned out to be the peak.

So I think he's done a lot of damage already.

Well, let's get into earnings and start with Amazon because that's also an interesting barometer of the economy.

This was actually a really strong quarter.

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