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

CNBC Investing Club warning meeting.

Markers are lower again in NASDAQ week for a second day, but not as vicious, which

makes sense because you don't have people who are motivated by the fact that the year is

over, New Year's begun, and that has historically

caused a lot of havoc for a lot of different sectors that have been very, very positive.

So so far, I would say constructive decline.

Yeah, and I think what's playing out today too, you are seeing a rise in interest rates,

and we're seeing expectations of a rate cut in March decrease.

And that is hitting that broadening out trade, right?

The Russell 2000, small caps, some of the cyclicals that made huge moves in November.

So they're taking a backseat today, whereas you are seeing some stabilization in the Magnificent Seven after yesterday's

tough declines.

But let's not forget. What should happen is the Mag 7 shouldn't trade in unison here.

For instance, you showed me that great note about Amazon this morning and how if you want to opt out of ads, you have to pay a little more.

And that's a win-win for Amazon because they'll make money from ads and they'll make money from people who don't want the,

don't want to pay for a reach or being interrupted.

We have a 47-minute great show.

And what that says to me is, okay, look, let's look at these stocks as non-7.

Apple's got problems.

We know that.

We know that when we take a look at Nvidia, there was a piece that came out last night

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