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

Jeff, wild morning.

8.30 starts, okay? We'll play a little narrative here.

It's a very good number from the point of view of the Bulls.

Interest rates going to go down.

And then, very quickly, we've got this flight to quality.

Interest rates go down.

That means you start buying the companies for your new upgrade balance sheets and that's what's

happening this very way.

Yeah, look, I was very pleased to see that number.

Yes, it was a beat on jobs but cooler on average hourly earnings, which is very good to see an

uptick in the labor force

participation rate.

So I think the market's taking it, pricing it now 25 basis points versus 50, 25 basis points

now is 75% probability based off the CME Fedwatch tool.

It was 31% yesterday.

I know.

It's incredible. I don I know. It's incredible

help. I don't know. It's way too volatile. Let's not play that game. Here, let's play this game.

If a company doesn't need money, its stock will go higher because of this. If a company needs

money, its stock will go lower because of this. We're definitely seeing Treasury's rally today,

meaning yields are coming down, flight to quality, as you mentioned, and all the stocks that have been hit so hard over the past month with rates going up, up, up.

...