CNBC's Jim Cramer on Monday told investors they should come to terms with some weakness in the market as they wait for the Federal Reserve to cut interest rates.
"Your best bet is to accept the degradation and just wait," he said."There are now brown shoots everywhere and, frankly, I think it's exactly what the bulls need, as long as Jay Powell sees the weakness and knows that it can still be corrected."on Monday told investors they should come to terms with some weakness in the economy as they wait for the
"Your best bet is to accept the degradation and just wait," he said."There are now brown shoots everywhere and, frankly, I think it's exactly what the bulls need, as long asSign up for NBC LA newsletters. Cramer suggested that bullish investors sometimes want incompatible scenarios — weakness in the economy, but not in the companies where they're invested. Or, they want rate cuts even ifis only"somewhat under control," he said, and added that it's not possible to have a weaker economy with lots of companies turning out massive profits.on Monday was a big overhang on the market, with investors concerned about the strength of the economy.
"When you read the statement for the Manufacturing PMI, it is weak, weaker than feared. That will cause inflation to cool," he said."And that's what will ultimately what could sway the Fed – particularly if we get any sort of job weakness on Friday's numbers."
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