Wall Street is nearing the end of what's been a "remarkable earnings season" as corporations navigate supply chain challenges and complications related to the Covid delta variant, Cramer said.
It is possible the next batch of financial results "could continue being very strong," Cramer said. "From healthcare to the semis to the industrials to the banks, they've mostly done much better than expected, even if the market hasn't always appreciated that strength."Cramer said bearish investors are losing sleep over the prospect that the Federal Reserve maintains its highly accommodative monetary policy a bit longer than expected due to the delta variant.
"There are just too many businesses being hurt by the virus, especially small businesses, which makes it much less likely the Fed will even talk about hitting the brakes on the economy instantly like some people say they will," Cramer said. "Doesn't matter that we got a fabulous employment number on Friday when we're seeing over 100,000 new cases of Covid per day."New money coming into the market could help extend the stock rally, Cramer contended.
"There's $4 trillion on the sidelines. We thought it was $3 trillion, but then we learned about an additional trillion sitting in money funds that can't really stay there because their interest rates are so paltry, especially compared to high-quality dividend stocks," Cramer said.
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