News Formal

Cramer says inflation data is driving market action, even during a major earnings week

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 72%

Markets News

Business,Investment Strategy,Stock Markets

CNBC's Jim Cramer bemoaned Wall Street's fixation with the Federal Reserve's next decision about interest rates.

CNBC's Jim Cramer said investors need weaker figures from Friday's labor report if they want stocks to rally, adding that inflation data is what's truly driving market action.

"We often get 'bad news is good news' moments at this point in the business cycle, but it's rarely as excessive as it's been lately," he said. "I wish the market didn't work this way, but that's the reality, and it's why you need to bet against the U.S. economy tomorrow if you're hoping for higher stock prices."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli LillyCNBC’s Jim Cramer on Friday walked investors through next week on Wall Street.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Cramer's week ahead: Fed meeting and earnings from Apple, Amazon, Eli LillyCNBC’s Jim Cramer on Friday walked investors through next week on Wall Street.
Source: nbcchicago - 🏆 545. / 51 Read more »

CNBC's Jim Cramer Updates Ranking of Major Media StocksCNBC's Jim Cramer updates his ranking of major media stocks, putting Fox at the top followed by Disney. He believes recent developments in the industry warrant a reassessment of the rankings.
Source: CNBC - 🏆 12. / 72 Read more »