CNBC's Jim Cramer on Thursday said that Federal Reserve Chair Jay Powell's inflation remarks the day before confirmed that inventors shouldn't exit the market over recession fears.
CNBC's Jim Cramer on Thursday said that Federal Reserve Chair Jay Powell's inflation remarks the day before confirmed that inventors shouldn't exit the market over recession fears. Nevertheless, reading the "Fed tea leaves" will continue to be critical for determining which areas of the economy will be crushed by the central bank's tightening and which will remain intact, according to Cramer.
What is different now to when experts thought was a bubble in 2021. Interest rates are much higher and no QE. Fact that Fed will reduce the pace of hikes does not mean cost of leverage is zero. This will all come home to roost when earnings revisions kick in in 2023. Jim learn!
Check his accuracy rate, then tell me you follow his advice
Shouldn’t we always stay in stock regardless of what Mr Powell or any policy makers say ? Invest regularly and stay invested in stocks 😊
Market going eat shit
Inverse Cramer says otherwise
What?
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Source: CNBC - 🏆 12. / 72 Read more »