Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting. This is one of those days that was, yes, we have an unemployment number that's summer regarding his Goldilocks. We can talk about that with Jeff, but we also have that debt deal. Thank you to Speaker McCarthy, who really is the one who, you know, Biden put his thing out, but he had to wrangle more people than Biden had to wrangle, and I think that's important, And then that's going to be the takeaway of this debt deal.

That's my thinking. Not pro-Biden, but pro the idea of working together, not unlike Ronald Reagan and Tip O'Neill, going back to 82. The job support, just good enough to make it so we don't think the Fed's going to tighten this month? Yeah, look, it was a huge job gains.

A big beat, positive revisions. What I like,

average hourly earnings, a little bit cooler than expected. We're talking very small, though,

4-3-4-4, but the unemployment rate moved up, as you noted. A bit a lot of worries about

recession lately, but with job

gains still this robust 339 versus 195 and the unemployment rate still so low, it's hard to say

that any type of recession is imminent. And I think the combination of the jobs report, plus the

debt ceiling deal, is finally giving way to a nice broader rally in the market, especially a lot of cyclicals.

If we can take the global recession off the table,

Alla, once again, as I told you, that the Chinese communist would not spare anything.

This time, talking about a stimulus package that is going to make it so rents are much cheaper building,

that's going to spare building. That means they're going to

spare a caterpillar. Now, caterpillar is less than 5% China, but the perception is that it's big China.

It's not, okay? It's not lever to oil. It's not lever to anything. If anything, the biggest ones

are data centers. They spoke yesterday, Jim Humbleby. And he said, this is Bernstein, which

has got a hole in the stock. He said, look, everything's all system go. Everything,

almost everything sold out, except for like one little small piece. I would tell you that this is

the most undervalued of our stocks going into today. Yeah, but he doubled down yesterday about how

they're going to have a good year, you know, better earnings, meaning earnings growth, better than the year before.

In 2020, forest infrastructure.

Yeah, absolutely.

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