- IPOs, Oil etc…
- Jim Cramer has listed four reasons why Fed can’t stop raising interest rates
- The CNBC investment pundit has issued a warning regarding Oil.
The ‘Mad Money’ host Jim Cramer listed four reasons why the Federal Reserve can’t stop tightening the economy. Recently, in his show on CNBC, Jim Cramer stated that “this market’s hostage to the Federal Reserve, and the Fed’s not going to stop tightening until they see more evidence of real economic pain. Unfortunately we are not there yet.”
Jim Cramer stated, “the Fed has a plan that it wants wages to stabilize and it doesn’t want them to plummet.”
According to Jim Cramer, what is not going right for the Fed
- Not enough people ready to return to work
- The mismatch between job openings and job seekers
- Too many employees in enterprise software
- Wages kept higher than they should
Cramer further added: “gaming out the Fed’s next move is more of an art than a science. You have got to figure out when people will start returning to the workforce and when money-losing companies will let their workers go or simply go bankrupt.”
Jim Cramer about IPO’s
Cramer stated that the stock market is like any other market with too much supply, and sometimes the price of going lower. The main problem is when people make fortunes via IPOs. “Chinese IPOs are risky because China does not have the corporate governance standards that the US does.
Jim Cramer recently reacted to China’s reopening on OPEC+, “the idea that China’s reopening is so bullish that whatever happens at OPEC+, China is going to need more oil and that’s going to run the price up.”
Jim Cramer alerted oil sellers today by tweeting, “oil market felt like on verge of collapse.”
According to The Coin Republic, Jim Chanos, a popular investment advisor, said that cryptocurrency stocks are now under pressure due to falling fee revenue figures in the crypto market. Chanos stated that after FTX filed for bankruptcy, the price of crypto assets gradually decreased.
Chanos, known for his stock market predictions, said he had warned that the S&P 500 could plunge another 55% in upcoming weeks.
Source: https://www.thecoinrepublic.com/2022/12/06/cramers-4-reasons-why-the-fed-cant-stop-raising-interest-rates/