Hey, it's Kramer, and this is my morning take on the market from today's

CNBC Investing Club morning meeting.

So I think that we got the worst case scenario was in the Washington Post this morning.

We talked about just punitive tariffs all over the globe.

Once that's out there, then if we get that, I think there's a possibility that we could be through the worst.

And I think that's very important.

So we're talking about the Post. They reported that the administration's considering a roughly 20% tariff on goods.

So different from the reciprocal tariffs, right? This is a blanketed 20%. And that's very punitive. And that would be the beginning of, we think of just great, they tariff us, they go after our tech companies, we go back. So I guess the idea that maybe reciprocal wouldn't be as bad as feared, obviously market pricing in fear. Maybe was pension buying you did have a

nice intraday reversal big pension buy what we saw at the end of February as

well and but we're giving that back today well I mean you know what I would say is

it is early I had said on squawk I expect to retest now the Dow is much stronger than you think because you have,

remember, you have J&J in there, and I want to make a case yesterday we talked about J&J

that you could buy J&J here because it's a $7 billion exposure that flows back in. I think

it's a very interesting situation. The reason is interesting situation is if this is, I mean, I'm not going to come to you hard on this, but this stock is up nine.

It does have more than 20 drugs that have a billion dollars.

I think I can make a case that we should be buying J&J.

So the news impacting J&J was a Texas bankruptcy court denied their settlement plan for TALc. Right. So it's back to,

litigation risk. Even though they had 88% of the plaintiffs agreed and wanted the $10 billion

that would have been coming their way, I do think, remember, they're reserved for seven.

I think this is a really interesting opportunity, and I think people should take it.

All right. Believe me, I would, but, you know, we, we have on a lot of stocks. We're not

really interested in buying a new one. Well, yeah, I mean, look, the market is on edge waiting

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