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

CMEC Investing Club warning meeting.

I've got to tell you, we're taking a few hits here.

Now, some of that is because we've got some hawkish Fed talk.

Some of it is because I think we're a little hungover from yesterday's so-called Great Day because the president cut short his trip.

And the Speaker McCarthy says some positive things about a possible debt deal.

But I will tell you point blank.

I like to talk about our wins.

You know that.

And we did some of that yesterday.

But you know what I led with yesterday, which is our losses and what we're getting hit.

And we are taking some hits today.

Yeah, taking some hits coming off a big day, as you pointed out.

Procter & Gamble could be one.

Well, it is one.

Downgraded over at Truist to a home.

Yep.

They point out valuation looks like it's at its peak level and they say, this is interesting.

They think the market is reading too much into that really strong quarter that they recently

reported saying that the investors may be overlooking the threat of trade down based off

of Proctor's price increases that they pushed through.

Even though Proctor said that there had been very little trade down, but Walmart did talk about smaller form factor, which is not trade down, by the way, there's just smaller form factor.

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