Jim Cramer warns investors not to miss their window to buy stocks. Do you agree?
Stocks rose on Thursday despite the latest GDP data showing that U.S. economic growth fell for the second consecutive quarter, according to the Bureau of Economic Analysis. The major indices dipped briefly earlier in the day after investors balked at the possibility of a recession but recovered later.
Thursday marks the second back-to-back day of gains. The market rallied on Wednesday after the Federal Reserve raised interest rates by 0.75 percentage point and indicated it could take a softer approach with future rate hikes.
Cramer acknowledged that some stocks, like those of homebuilders, will likely suffer due to higher interest rates. He also noted that retailers suggest Walmart and Target still face an inventory glut that is a headwind to their business.
However, that doesn’t mean investors should stop buying, according to Cramer.
“This is an inventory glut recession, not a layoff recession, and that means you can buy stocks if there’s nothing else bad from the Fed and/or from Washington,” he said.
Jim Cramer says investors should seize the moment and buy some stocks, the Federal Reserve appears to be nearing the end of its tightening cycle.
Do you agree that investors should be buying stocks right now?
Submitted August 01, 2022 at 04:08PM by predictany007
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