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

CNBC Investing Club morning meeting.

You know, something, Jeff, periodically you'll have a run like we've had.

And then out of nowhere you'll wake up in the, and interest rates go higher.

And people still are, they're not complacent. When interest rates go higher,

they say themselves, well, you know, we do have a Trump trade, but we have to temper a bit. And that's what's

happening today. Yeah, and the bond market was closed yesterday, so we're seeing more of an impact

today. Yields are rising. You have the 10-year yield almost at 4.4%. It's come off a little bit since then.

But yeah, the two-year yield, highest level since July 31st.

So, yeah, it's a headwind to a number of stocks.

I think like even Home Depot, which had a very good quarter this morning, a beaten raise,

the reason why it's not higher is because of the bond market. Sure, but I think this is a great opportunity to buy more Home Depot. We did some today.

I am anxious to buy more. And I'll tell you why, last bad quarter, housing stock getting older,

the HELOC are lower rates and the Fed is going to lower rates. This is an opportunity for people. It should not be down.

Yeah, I think your point about Helock very well taken, that's the home equity line of credit.

So those are going to follow the short-term rates, right? So the Fed cuts will have a direct benefit there.

Now we have seen a rise in longer-term rates and mortgages. That's going to take some time.

But management argued that even a stabilization will have a positive impact too. Remember,

any time you get mortgages under six, that's when you start to see activity pick up. And, you know,

that will unlock a huge amount of pen-up demand for projects, which they talked about on the earnings call. But we just need to see, look, housing turnover. It's at a 40-year low. It's about 3% of homes. You need to see that pick up a bit. But it's the bottom, right? Right. And that's why, I mean, you're getting a gift here. I mean, maybe this thing falls a couple.

But you know that we only, we have a small position.

Still only a 2% after the buy.

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