"I think there's a deceleration in the economy to the point where the railroads, the airlines, the companies, the lenders are all admitting that there's deceleration," Cramer said on
"They know things have downshifted," Cramer said of the chief executive officers he touches base with on a regular basis across a broad swath of industries. "They're hoping the Fed sees it.", after its two-day June policy meeting, that it was keeping interest rates steady, but indicated a cut could come later in the year. The Fed raised rates four times last year.
"I think it's great that Powell recognizes that" economic growth may be softening, Cramer said of Fed Chairman"Some of these developments are so recent that we wanted to see if there was a sustain," Powell said at his post-meeting news conference. "We will act as needed ... if that's appropriate and use our tools to sustain the expansion."
Nothing will stop the retail Armageddon. I don’t care if Fed cuts or not.
This Christmas is poised to be one of the softest and most un-predicable sale seasons ever. The end of 2019 will be very unstable for most markets, and anyone with all there eggs in the Oil basket, are in for a huge let down in 2020.
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Source: Reuters - 🏆 2. / 97 Read more »