CNBC’s Jim Cramer reflected on Wednesday’s volatile market action.
CNBC's Jim Cramer reflected on Wednesday's volatile market action, telling investors not to overthink the situation and remember that any Federal Reserve rate cut is positive.
"I say keep it simple: rate cuts are good," he said."Small rate cuts are great, because they project confidence and give you a lot more rat cuts later on, and they do not allow for panic." Cramer also touched on the huge gains in tech that led the session's rally, which came after several weeks of struggles.reflected on Wednesday's volatile market action, telling investors not to overthink the situation and remember that any rate cut is positive."I say keep it simple: Rate cuts are good," he said."Small rate cuts are great, because they project confidence and give you a lot more rat cuts later on, and they do not allow for panic.
To Cramer, the CPI reading was not shocking, but"basically in-line" with expectations, which is good in the run-up to the central bank's decision. He stressed that even a smaller rate cut than hoped would be positive for many businesses. Cramer also touched on the huge gains in tech that led the session's rally, which came after several weeks of struggles. He attributed the gains fromand peers to CEO Jensen Huang's comments at a Wednesday conference, where he touted the fierce demand for his company's new graphics chip. But Cramer stressed the palpable tension on Wall Street does not set the stage for any steadfast conclusions....
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