Per CNBC
Jim Cramer released a piece on CNBC detailing how he thinks an "economic wave" could potentially hit and how it would be "fantastic for investors." He started off with a statement explaining how basing financial decisions on economic data could be "wrong."
Cramer: "Maybe we’re not really connected. We may be basing our financial decisions on economic data which is wrong. And just because we’re all using the same misinformation doesn’t make it right."
Cramer then talked about the Consumer Price Index (CPI) and shared how it was not what people should focus on. He then shared about how instead of focusing on the CPI, he said that people should focus more on pay.
He also commented on how the wage figures remained "out-of-date" because important wage data was only collected once a month. Cramer then compared this to how advertisers and marketers collected data every second and commented on how contracts should be awarded to companies like Adobe, Salesforce, Alphabet, or Microsoft.
Year-to-date, the inverse Cramer tracker ETF was reportedly down by -1.40% as of press time, as seen on Google Finance. This meant that Cramer's suggestions were up.
In November, Jim Cramer reportedly warned against buying large-cap tech stocks. During this time, he said that Amazon and Alphabet weren't "buy the dip" situations.
On November 8, the price of Amazon stock was at $89.98, but as of press time, AMZN stock was at $110.44. At that time, Alphabet Inc Class A was worth $88.90; as of press time, GOOGL stock was at $117.26.
In November, Jim Cramer said that there was a possibility that the Fed could engineer a soft landing. He expressed how he believed that the Fed could manage to tamp down inflation without throwing the economy into a recession.
See flow at unusualwhales.com/flow.
Other News:
- Jim Cramer Warns Against Buying in Large-Cap Tech Stocks—Says Amazon and Alphabet Aren't in Buy-the-Dip Situations
- Jim Cramer says there’s a ‘real possibility’ the Fed can engineer a soft landing
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