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

CBC Investing Club morning meeting.

We are still dealing with an overbought market, but against that we've got a new presidential

candidate who I've got to tell you, Jeff, is much more pro-tech than either Biden or Trump. And that's because that's where she comes from.

She knows the landscape. She got many friends in Silicon Valley, a different person.

So do you think today is a little bit of a, so last week, obviously, market fell a lot of

concerns about tariffs, a crackdown on mega-cap tech stocks,, alphabet, a little bit of a reverse of that today?

Well, I think that this is more of a factor of, you know what, anyone was better candidate than Biden,

because we saw that Biden, for instance, in a debate was pathetic.

There's no way that Harris is going to be as pathetic as Biden, because he may be the

benchmark of pathetic. So what I see here is people saying, you know what, got to be careful

being so negative on Megan Cap, because I do believe that she's a better candidate than he is.

But let's not forget, Trump is the front owner.

Yeah. And stocks are coming off a really rough stretch yesterday, S&P trying for its first positive day since last Tuesday. So we have come down, but as you pointed out, oscillators still a little bit overbought. I want to hit on the semis because obviously the semis were probably the center of the sell-off last week.

Right. Well, that's China. That's a China plan, which is to, the globalist plan is to keep China open a little bit, hence the Nvidia chip that they're making for China. The nativist plan is to shut down everybody. Right. The nativist plan is just, listen, America first. We don't care about our allies. If you want to have, want to do business in America, you have to pay the price. Now, against that is a much more globalist candidate in Harris. Now, I think people don't understand, we didn't, it looks like in the last year we didn't really deal with Biden. We were dealing with his assistance, and that's coming out over and over again. Wall Street Journal, a really good piece about that. And I come back and I say, well, wait a second. If I get not worried

about China anymore, you got to buy AMD, you got it by KLA 10 Corp, you can buy

applied materials. And that seems to be what's happening. AMD being one that we have to be careful

of because we like it on the way down. Why? Because we think that they've got a very good,

credible alternative to Nvidia.

Right now, people feel like they don't.

Start your day with my outlook on the market every morning.

Visit cnbc.com slash morning take to become a CNBC investing club member at a special rate today.

...