Jim Cramer Does Not 'Like The Feel' As Market Rally Stalls: Time To Laugh Or Panic?
Portfolio Pulse from Shanthi Rexaline
CNBC's Jim Cramer expressed caution about the current market rally, stating that he doesn't 'like the feel' of it. His comments come as the Nasdaq Composite and S&P 500 Index reach 15-month highs. The market is showing resilience despite economic and geopolitical challenges, but the Federal Reserve's hawkish minutes have triggered a global market plunge, raising concerns about a potential market retreat in the U.S. Upcoming economic data releases and the Federal Reserve meeting on July 25 and 26 will heavily influence market sentiment.
July 06, 2023 | 12:17 pm
News sentiment analysis
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NEUTRAL IMPACT
The S&P 500 ETF (SPY) could be impacted by the market sentiment expressed by Jim Cramer and the upcoming economic data releases and Federal Reserve meeting. The ETF has reached a 15-month high, but concerns about a potential market retreat in the U.S. could influence its performance.
Jim Cramer's caution about the current market rally could influence investor sentiment, potentially impacting the performance of the S&P 500 ETF (SPY). Additionally, the upcoming economic data releases and Federal Reserve meeting could also influence the ETF's performance, depending on the outcomes. The ETF has reached a 15-month high, but concerns about a potential market retreat in the U.S. could lead to volatility.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75