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.
United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »
Source: CNBC - 🏆 12. / 72 Read more »