Jim Kramer here to share with you a sample of my take on the market from today's CMBC Investing Club warning meeting.

A very confusing day. We had a late day sell off last night that you know I felt was related to some sort of not manipulation but a program.

But today we are having the slow growth buys.

And what does that mean?

Take a look at a Pepsi that starts going up in this environment.

Bristol Myers, which we own, starts going up.

There's ongoing concerns about a slowdown in AI, and that is causing the entire data

center complex to go down and taking down with it the magnificent seven.

Yeah, really a slowdown across the economy. We've had some weak retail sales numbers,

some concerning consumer sentiment numbers. And then today, right at 10 a.m., which is when the

sell-off really started to accelerate, you had a consumer confidence weaker than expected as well.

That's the conference board.

So that's kind of what's playing out here.

This is a clear, what I call a clearing event is what Nvidia is going to do.

These stocks could go down until Nvidia reports either way, because what people are doing to try to position themselves away from

Mag 7, which they've now decided is too linked to the possibility of data center.

Yeah, it's Mag 7. It's a lot of these red-hot tech stocks. We've talked about them before,

Palantir, App Lovin. I would throw even a crowd strike in that.

Remember, we did take some off.

I think it was 440s. Again, at 400. I'm tempted to buy that back at 300. It's at 375. Maybe we'll buy it back at 300? Yeah. I mean, we'll see. They report next week. Okay, can we just put up a chart of Apple for a second? Do we have Apple? This is really important. I don't know if you can get it because it wasn't given ahead of time. But okay, so look at this. This is down the least. And the yes, why that is, is because they're a beneficiary of others doing data center. They don't spend a lot of money in data center. And the stock was actually up earlier. And against that, I would put a stock like service now, which has barely had an update since they reported a number that people felt wasn't a huge beat.

So you're seeing this kind of like, if you can't do the number, you're just annihilated.

And then if you actually do the number, but people are saying, I don't know, look at Netflix. I mean, this is, tomorrow is a clearing event. We really have a big decline going on. People aren't talking about. Tomorrow, tomorrow being in video report. So really it's Thursday session almost. Yes, Thursday session. Because if Nvidia's bad, then you're going to have a whoosh down of these stocks.

...