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

We have a market that is once again trying, struggling to make a stand.

And I'm emblematic of that is that if you do have good numbers, and I'm going to go a little micro-yourfsite, GitLab is a good example.

The reason I say GitLab is because if you have good numbers and you guide up, people will buy you. Now,

a lot of people are going to have to return to tech where there were good numbers and there

were guideups. There was a guide up in Micron, guide up in Texas Instruments, guide up in

NXP. So I'm saying that what we're going to have today is there's going to be a demarcation,

companies that guided up and companies that didn't, which is kind of normal as long as interest rates stay low.

And that has certainly happened.

And obviously yesterday was a horrible day for the market.

You had the S&P down 2%, the NASDAQ down more than

3%. September, as we talked about yesterday and even into late August, usually a rough month

for the stock market. Maybe that was yesterday, people were anticipating that. Some front-loading

of losses. I think you could argue that. But we are seeing some stabilization today. Yields coming down. Had a weak jaw, jolt's number, but factory orders a little bit better,

some concern about manufacturing yesterday after ISMs. And WTI going down makes a case in real time,

less demand, or maybe oversupply. We don't know. That's a big issue right now. Oversupply versus less demand. And oversupply we don't know that's big issue right now over supply

versus less demand and we've got a situation where it's very hard again to go

against a month where you have a Fed cut people are forgetting that you're gonna

wake up one day and say you know what we ought to buy more housing we ought to

buy more Stanley Black and Decker maybe a new name in housing. Because look at best buy. Yeah, I think that's a good point. You had Bostick on the tape today saying Fed needs to cut before inflation goes to 2%. So you have the Fed meeting in a couple weeks. So we'll see there. Meanwhile, Jim, oscillator no longer overbought. Finally, it was overbought for a handful

of days. Right. So we're finally moving out of that territory. But obviously the market attention

remains on NVIDIA, especially yesterday after it shed a record $279 billion. Fifth time it's this year,

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