CNBC's Jim Cramer reviewed Tuesday's market-wide decline, attributing much of the pullback to some investors' worries about inflation in the run-up to new employment data. 'We have too much inflation in the system. The Fed can't do anything about it because it just cut rates. The Fed's in a bind. It can't help us,' he said.'So we're at the mercy of macro numbers that are going in the wrong direction…That's not a good place to be.
' Cramer also said investors can be too quick to flee tech stocks when inflation anxiety heats up, saying these stocks are actually poised to do well in an inflated environment. However, he cautioned against buying heavily into this weakness with labor data coming so soon. If employment and wages rise, or President-elect Donald Trump says mass deportations are on the horizon — which could cause mass wage inflation — the market will get crushed, especially tech stocks, Cramer continued. The Dow Jones Industrial Average fell by close, with the tech sector hit especially hard. Tuesday also saw two economic surveys come in higher than expected, suggesting inflation remains persistent, and long-term interest rates rose. Investors are anticipating Friday's nonfarm payroll data, a key inflation metric for the central bank. The Fed made three consecutive cuts towards the end of 2024, but after the latest meeting, it..
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Jim Cramer Points to Inflation Fears as Market DipsCNBC's Jim Cramer attributes Tuesday's market decline to investor concerns about inflation and the Federal Reserve's ability to control it.
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Jim Cramer on Market Decline: Inflation Fears and Fed Uncertainty Drive LossesCNBC's Jim Cramer analyzes Tuesday's market downturn, attributing it to investor anxiety over inflation and the Federal Reserve's recent rate cuts. He discusses the impact on the tech sector and warns against overreacting to market volatility.
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Jim Cramer Blames Faulty Predictions for Market DownturnCNBC's Jim Cramer attributes recent market declines to overly optimistic predictions from companies and even the Federal Reserve. He emphasizes the importance of conservative guidance and cautions against making predictions without sufficient visibility. Cramer criticizes the Fed's recent rate cut announcement, arguing for a more cautious approach and adherence to data-driven decision-making.
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Jim Cramer Blames Faulty Predictions for Recent Market DownturnCNBC's Jim Cramer attributes the recent market decline to overly optimistic predictions from both companies and the Federal Reserve. He argues that companies should only make predictions if they are confident in their accuracy and advises against exceeding expectations. Cramer criticizes the Fed for suggesting two rate cuts next year instead of four, leading to disappointment among investors. He also cites Micron's downbeat earnings call, where the company revised its PC business outlook, as an example of how unmet expectations can impact stock prices.
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Cramer Blames Faulty Predictions for Market DownturnCNBC's Jim Cramer criticizes companies and the Federal Reserve for making overly aggressive predictions that failed to materialize, leading to investor disappointment and market sell-offs.
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Cramer Blames Faulty Predictions for Recent Market DownturnCNBC's Jim Cramer attributes the recent market sell-off to overly aggressive and inaccurate predictions from companies and even the Federal Reserve. He emphasizes the importance of conservative guidance and staying mum when visibility for accurate predictions is lacking. Cramer cites the Fed's recent rate cut announcement and Micron's earnings call as examples of how unmet expectations can negatively impact stock performance.
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