Jim Cramer says the stock market is a ‘work in progress' towards a rate cut

CNBC's Jim Cramer reviewed Tuesday's market action, telling investors the moves may be a good setup for rate cuts.

"You get a day like today, it's a work in progress toward a rate cut, hence why we rebounded in the late afternoon," he said."We have days like today that are good setups for a rate cut, but that doesn't give us enough evidence to truly move the needle.""You get a day like today, it's a work in progress toward a rate cut, hence why we rebounded in the late afternoon," he said.

Cramer also stressed that market action can't be explained in purely simple terms — even if such a fraught summation isn't satisfying. The market is not a monolith, so reasons for action are seldom cut and dry, he added. Cramer suggested that declines during Tuesday's session can't solely be attributed to falling"I know, it's prosaic. I know it lacks punch. It doesn't make things simple," he said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Jim Cramer's top 10 things to watch in the stock market TuesdayNvidia received another batch of upbeat Wall Street research on Tuesday. The prospect of additional oil patch consolidation also was in focus.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jim Cramer's top 10 things to watch in the stock market MondayTech stocks were driving things higher on the first trading day of June.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Jim Cramer's top 10 things to watch in the stock market FridayWall Street was looking to close the month of May on a positive note.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »