Jim Cramer on Squawk on the Street, June 30, 2022.
Virginia Sherwood | CNBC
Wouldn’t you realize it, however the first three weeks of the yr have introduced extra luck and extra new highs as buyers develop comfy with the concept that the Federal Reserve is finished elevating rates of interest and can quickly be chopping them.
I, nevertheless, see no proof for why something must be lower regardless of what the all-knowing bond market yield curve and its accouterments like futures tied to the fed funds in a single day financial institution lending charge are telling us. With Wednesday’s scorching buying managers’ numbers that reveal the energy of each the service and manufacturing parts of the economic system, it is much more uncertain that we are going to get charge cuts quickly.
As the yr begins, I’m really bullish about the place issues are with the U.S. economic system as a result of I believe the Fed really has a likelihood to crush inflation by staying tighter. That was my January Monthly Meeting message to Club members.