Hey, it's Kramer, and this is my morning take on the market from today's CNBC Investing Club morning meeting.

We're off to a very weak start, except for when it comes to the consumer package goods stocks, we're just on fire.

The semiconductors are getting rocked, even though the yields are a little bit lower.

And I've got to tell you, I tell you Jeff with yields this low and the

semis revisiting their lows getting interesting getting interesting why because what we have is a

market that I think tests where viva was at the most ugly moment micron trading through where it

was when they have they have $92 buyback right now.

We know that Qualcomm, they can always talk a very big game.

And I do come back to Marvell Tech saying that they think that cell phone semis are on an upswing.

So you do have a lot of areas that are up.

Against that, you have an incredible piece by Mike Semblis who calls into question the idea of all the AI spending

and says that it could be like the 1990s.

I think the piece is too critical, but I pointed out that I think it's rocking the markets.

Yeah, I mean, I think Nvidia got to around 95 back when the Yan carry trade was blown up.

So along the line of that thinking, it's still some ways to go.

But it is the first trading day of September. September historically a horrible month. Yes. A weaker month for the market. I shouldn't say, I shouldn't give a high. How about we? A week more. But a week or month, we have been raising cash ahead of that. You know, we're around 9, 10%, trim some low in today. 10% we're ready. Yeah. We're ready for the sale. I want people to understand. We are actually, I spoke to with Jeff. I was like, you, behind the scenes. I was talking about buying some Disney, maybe by buying some AMD. I think that I want to buy weakness here. Why? Because yields are surprisingly low. and because I think we're in a period where I

disagree with Sembless, by the way, where we still have a huge amount of spending in tech. I'm going

over what Marvell said. This is really attractive stock. I'm going over what Marvell said. And

Marvell made a point of saying that end markets are strong. I'm not going to go against someone who knows more than I do.

This is Matt Murphy saying that end markers are strong.

At the same time, I do know that Nvidia is way too powerful still in terms of the mindset.

Just too powerful.

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