. The current benchmark rate stands at 2.25% to 2.5%. Fed Chair Jerome Powell initially planned to continue raising rates in 2019, but shifted his outlook in the months following a rate hike last December that induced a brutal market-wide sell-off.
"When this kind of rotation gives you a pullback in a group like the 'Cloud Kings,' that's a long-term buying opportunity," Cramer said. "Just remember that you can afford to take your time ... [because] I don't think" the rotation has ended.Questions for Cramer?
THIS is what bullshit faux markets look like. If the U.S economy is “BOOMING” as they portend, there would be no need for the fed to have been continuously spoon feeding them money since 2007 !!! Jus’ sayin’
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cramer: 'Better-than-feared' Apple earnings may be enough to pop the stock and overall market'People really feared this earnings period,' CNBC's Jim Cramer says. 'It turns out that that fear was not justified.'
Source: CNBC - 🏆 12. / 72 Read more »
Cramer: 'Better-than-feared' Apple earnings may be enough to pop the stock and overall market'People really feared this earnings period,' CNBC's Jim Cramer says. 'It turns out that that fear was not justified.'
Source: CNBC - 🏆 12. / 72 Read more »
These stocks are winners when the Fed decides to start cutting ratesFor investors looking to play the anticipated rate cut, here are the sectors that have done well in the past when the Federal Reserve embarked on easing cycles.
Source: CNBC - 🏆 12. / 72 Read more »
Buy these stocks since US consumer is 'best bet in the market right now,' says expertConsumer stocks like McDonald's, Starbucks and Chipotle are hovering around all-time highs after reporting better-than-expected earnings. Federated Investors' Steven Chiavarone says there's more room for them to run. TradingNation AlohaJosie see? I’ve been telling you about Mc Donald’s for awhile 😂
Source: CNBC - 🏆 12. / 72 Read more »