CNBC's Jim Cramer breaks down how investors should play the stock market as both a Fed announcement on interest rates Wednesday and Trump's tariff increase on Chinese imports loom. The "Mad Money" host breaks down why certain department stores are doomed, outside of the Amazon effect. Later in the show he doubles down on his bet that AT&T is investible, despite an analyst's recent sell call on the stock.
Wall Street is anticipating Fed Chair Jerome Powell's comments Wednesday on monetary policy and President Donald Trump's final decision on a planned Dec. 15 tariff hike on items, including laptops and smartphones, assembled in China. "If Powell says nothing about tightening and the president holds off on the next round of tariffs, this market will soar," the
host said. "But if they both go the other way, stocks are going to sell off, and you have to be ready to buy them into weakness caused by the perennial pessimists who dominate, endlessly, our airwaves."A customer carries a shopping bag while walking through the Macy's flagship store in New York.
"Now these troubled retailers can't afford to offer the same level of customer service they used to. Sometimes they have long lines, sloppy aisles, empty registers," he said. "These are all common complaints about most of the mall-based department stores that I read online. They can't afford to be run efficiently."Kena Betancur | AFP |Getty Images
One has to ask himself what stocks a 'genius' holds in his portfolio! Probably the one representing?
Useless info.
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