I'm Jim Kramer and you're about to hear a sample taken directly from today's

CBC Investing Club morning meeting.

Let's get started today with the market where I have to tell you, Jim, we are still gripped

with this Nvidia or Bus get rich quick scheme of many people, meaning that we have this

one stock that everybody's focused on.

There's $499 and other stocks.

I don't feel the $499 and other stocks are getting the attention they should because of this.

And you know I'm saying this as a huge fan of NVIDIA.

Oh, absolutely.

I mean, at least we're seeing it stabilized here.

You've had three nasty days of selling in a row.

That's typically how long some of these rotations could last.

So you are seeing some stabilization, which is good to see.

A lot of other negative headlines happening today, whether it's people are viewing what Walmart said at a conference as negative.

Q2 may not be as good as Q1. Unp. Union Pacific with some mixed comments as well. And not taking out of context. I mean, in the Pacific, you did say there's more minuses and pluses. So no matter what, even though you can asterisk, it's cold, it's really bad. You can asterisk and say, but no, people just look at it and just say, you know what? What am I doing here? Yeah. Things are slowing. And people are taking the Pool Corp, the cut to their outlook as a negative re-through to home improvement stocks like Home Depot, Stanley Black and Decker, and that people aren't, you know, making improvements to their homes. Right. you know whether whether it be through pool or other things. Not putting money into their homes is the way to put it. But it didn't it seem like that people are trying to build a larger thesis that since my home is not for sale and it's not going to be for sale any time, I don't want to put more money in it. Because drugly it's been the opposite, just so we know. When when your home's not for sale you tend to refurbish and renovate so the story didn't resonate

well with me about pool I'm wondering if they're telling telling you this it really is yeah I wonder

too if they saw a lot of business during the pandemic right a lot of people were at homes they

were building pools maybe it is still sort of that pull forward they're forward. I think this is very much post-pandemic. You've got a situation where people over, you know, what I like, the term I like to use is that they over-earned. Okay. They pool over-earned during this period because we've never seen anything like COVID. So now we're on the downside. Everybody who thought about getting a pool, bought a pool, did a pool. And now we don't have a lot of people who say, well, listen, you know what, I'm going to just continue. Wow, what a great time to have a pool. Maybe it's a great time to travel, the numbers for travel. Remember, these are discretionary purchases, what we're going to do? Are we going to do experience? Are we going to make our home better? The make our own better trade, as we know from R.H.

Has already occurred. It's already occurred. And we want Stanley Black and Decker we can own

as, as I was going to say on Thursday, as a rate for black. Start your day with my outlook on

the daily market every morning at 1020 a.m.

Visit cnbc.com slash morning take to access all the benefits of being a CNBC Investing Club

...