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

CBC Investing Club morning meeting.

Right up the bat, we get the NVIDIA News, and then we're on to the next.

We're almost as if that's done.

Let's talk about Jackson Hole.

Yeah, big...

You got to admit it's pretty amazing. Big day tomorrow, of course, with Fed Chair, Jerome Powell speaking at Jackson Hole. Yeah. You got to admit it's pretty amazing. Big day tomorrow, of course, with Fed Chair, Jerome Powell speaking at Jackson Hole.

Some interesting action today because you would think considering the blowout number from

NVIDIA and how much their revenue guidance was and how strong really their long-term outlook

was, you'd think you'd see some outperformance in the NASDAQ today. Yeah, but I mean, Invidia, look, I mean, Nvidia, there's been so many people. It's hard to find another guy who can come in now. All time high yesterday, all time high today. Right. I mean, look, Nvidia's fabulous. And you could argue that nothing goes straight to the sky and that this has got to go there. Okay? And that's entirely possible. But look, we have a, we've had a view on Nvidia, which is own it, don't trade it. And I'm urging you not to, not to trade it. It doesn't make sense because it's the best in show, maybe the best ever. Yeah. I think another thing, too, to point out about the Nvidia quarter is, and this is something you always talk about, is how

when the numbers come out, the stock is actually going to look a little bit

cheaper than it was before. So I took a look at how the estimates

changed overnight. So for fiscal year 24, it went from 829 to 960.

For fiscal year 25, it went from 1266 to 1520.

Wow.

That's a $2.60.

Oh, my.

And then out of year went up another $1.30.

So you can see that the earnings estimates continue to go higher and higher,

which actually

makes the PE multiple the next day look a little smaller.

Don't forget what they're doing.

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