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

CNBC Investing Club morning meeting.

We have what I call a market where we say, did it miss the quarter?

Let's go buy it.

Now what's happening really is that people are reevaluating companies that reported through

a prism of lower rates.

We're getting lower rates because we have less situations for Treasury next year.

Fed Chairman Powell was somewhat less hawkish.

And then this morning, I have to tell you that if I wanted to see a number going the right way for employment, it would be this one.

Yeah, seeing softer data, jobs report was amiss, 150,000 jobs added, looking for

180,000 but big negative revisions in the prior two months, 101,000 lower, and unemployment

ticked up, 39 versus 38, and also wage growth slowed.

And I think that's very important as well.

I asked Treasury Secretary whether wage growth slowing could be immigration, and she completely

punted and wouldn't answer it.

I was going to follow up, but I felt there was a futility in that effort.

But there are a huge number of immigrants that have come in the most and you could add all

them from six years yeah and they would be less than what's come in and believe me they are

playing a role in keeping prices uh wage price down yeah and I wouldn't call this necessarily

negative news but it's softer news and it's softer news is what is bringing down yields you

it's not deflation it's a slowing of in yeah so you had the 10 year back to 4-5

it was at 5% two weeks ago and a whole lot of stocks rally when yields move lower

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