Jim Cramer argues the bears are wrong: The economy and market are actually strong

We've had quite a run these last few days and the Club put a lot of money to work ahead of the recent rally, which has seen the S & P 500 climb roughly 3% since the start of last week. That's partially because of how oversold stocks were, according to the S & P 500 Short Range Oscillator , but also because we felt the doomsayers had pressed their luck.

A pedestrian passes a Wall Street subway station near the New York Stock Exchange in New York, U.S., on Monday, June 27, 2022. Money managers betting on a sustained global rebound will be left sorely disappointed in the second half of this crushing year as a protracted bear market looms, even if inflation cools.

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