Despite two positive days for the market, Cramer worries the gains may be temporary

Even though the major indexes saw gains over the past two days, Cramer asserted that these positives may rely on the results of the Federal Reserve's Wednesday meeting.on Tuesday worried about the sustainability of the recent market action. Even though the major indexes saw gains over the past two days, Cramer asserted that these positives may rely on the results of the Federal Reserve's Wednesday meeting.before Tuesday's open, the company's share slid.

"Those positives aren't worth a warm bucket of spit in this market, because we re-evaluate companies every single day, every single hour, every single minute based on the macro environment, as controlled by the Fed and the long end of what we call the yield curve." To Cramer, this "instant wholesale revaluation process" may end only when long-term interest rate peaks, either because the bond market evens out, or the Fed resolves to stop rate hikes. But Cramer conceded that it's unclear when that outcome may come to fruition.

"Positive days like yesterday and today make you feel like one of those bullish outcomes could be right around the corner, allowing us to have faith in the 2024 projections," he said. "But we get smashed tomorrow and all of the stocks that rallied big today have those gains repealed instantly.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

After stocks rebound on Monday, Cramer explains how the market can keep rallyingCNBC's Jim Cramer on Monday listed off factors that could help the market rally.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

After stocks rebound on Monday, Cramer explains how the market can keep rallyingCNBC’s Jim Cramer on Monday listed off factors that could help the market rally.
Sumber: nbcchicago - 🏆 545. / 51 Baca lebih lajut »

Despite two positive days for the market, Cramer worries the gains may be temporaryCNBC’s Jim Cramer on Tuesday worried about the sustainability of the recent market action.
Sumber: NBCDFW - 🏆 288. / 63 Baca lebih lajut »

Despite two positive days for the market, Cramer worries the gains may be temporaryCNBC’s Jim Cramer on Tuesday worried about the sustainability of the recent market action.
Sumber: NBCNewYork - 🏆 270. / 63 Baca lebih lajut »

Jim Cramer explains why retail stocks are suffering with savings chartCertain stocks have been immune from the downturn, but the benchmark retail ETF is down nearly 20% over the past eight months.
Sumber: startelegram - 🏆 248. / 63 Baca lebih lajut »

Here are 16 stocks Jim Cramer is watching, including Microsoft, Chevron, SouthwestHere are some of the tickers on Jim’s radar for Monday, Oct. 30, taken directly from his reporter’s notebook:
Sumber: NBCNewYork - 🏆 270. / 63 Baca lebih lajut »