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

CNBC Investing Club morning meeting.

We are in a flop and chop mode.

We are not doing anything other than just kind of like meandering here.

And you know what, Jeff, I feel like the meandering has to do some with the CPI coming out,

some with retail sales,

and some with just the fact that we've been up 14 and 15 weeks, and no one really knows what

to do if you can't really come in and buy here. Yeah, look, you've seen some stocks that made

new all-time high after new all-time high last week, pulling back a little bit, some healthy

profit-taking that you were saying on Airwise Palo Alto down

about 1%. Well, it made a 6% move in a single day last week. Eli Lilly was also another

big winner last week after earnings and some of the positive data it had around Tursepotide

and MASH. So I think that's what's happening. Meanwhile, you have energy doing well today, banks doing well.

So a little bit of a reverse from what we've seen in tech and healthcare.

Now, I do want to point out that there's an excellent note by Ben Wright's

who's been right right on NVIDIA.

Talking about the 30-30 season, and obviously 30 earnings per share, 30 multiple,

remember, he was the one who first said that maybe the multiple is like 16 when the stock

was dramatically lower.

Yeah.

I liked it because one of the things that we, that Jensen, I want to see a CEO of him talks

about, an iPhone moment, that's what he uses. He said, look, you know, it's hard to imagine, but everyone would have an iPhone. People don't think like that. Yeah, and that's what he draws comparisons to, because he's saying an investor once they asked in 2007, why won't every person need an iPhone? And then recently he's being asked, well, why won't every server need to be accelerated?

...