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

Jeff, there's some green, and there's some green because there's bad news.

There's green because we have a slower employment number.

There's green because we're seeing cracks in commercial real estate,

and there's green because of the collapse of a crypto bank,

Silvergate, and there's green because of problems with Silicon Valley Bank. So green because of

weakness is what we've all been looking for. And it's a counter trend to what Powell said.

Yep. And you have treasure yields pulling back to the two-year back below 5%.

Yes, initial jobless claim slightly higher than expected.

This comes ahead of tomorrow, which is the big showdown, so to speak, with the non-farm

payroll report.

Finally.

Finally.

I mean, this is actually a big move.

Now, one people understand, we're not saying

that there's going to be a recession. What we're saying is you have to be opportunistic in an environment

where rates may be peaking within 80 to 100 base. That's kind of where we are. Yeah, and I guess to that

point, especially what we're seeing in the banks today, not all banks are created equal.

There's a lot of big blowups today, but they're so company-specific.

You have Silvergate, which is the crypto bank.

They are winding down operations, liquidating.

And by the way, this is worthless.

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