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

morning meeting. The banks have also made, they're off to a really hot start this year.

Do you think they're a parabolic move or do you think that we shouldn't be trimming some of them, maybe?

Well, look, I think earnings next week, right, we'll see JPMorgan Tuesday, Wells Fargo Wednesday,

Goldman Thursday. It has been an extraordinary run. Morgan Tuesday, Wells Fargo Wednesday, Goldman Thursday.

It has been an extraordinary run.

I'm personally, I'm feeling a little bit greedy in some of these names.

I know we did trim Black Rock earlier this week.

But I think in terms of the setup, when the banks are just so hot into earnings,

you usually see a pullback.

So I'm just mindful of that. They were pretty big

positions, Capital One. They sure are. Wells Fargo has been great for us. I would tell you that this is,

I think the Capital One, we sold some of 240 and change, right? Changes. It's up 10.

And this one is obviously a transformational, perhaps therefore, a PE enhancing on a 12 times

earnings multiple. But at the same time, Jamie Diamond starts and Jamie Diamond is notoriously cautious,

and I think it will be even more cautious given the fact about what's happening in Venezuela.

Yeah, I mean, there's also scrutiny around valuations, Wolf Research. They downgraded four bank stocks today, including JPMorgan, Bank of America, U.S. Bank Corp, M&T Bank.

So we're restricted in trading.

These systems we've been mentioned on there.

Yeah, and that post bothers me because I'd like to do some trimming today.

But, yeah, it's just something worth thinking about.

Start your day with my outlook on the market every morning.

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