CNBC’s Jim Cramer on Tuesday told investors that they shouldn’t rely on optimism as a market strategy, but should still be prepared to act when the market recovers.
“I think you can do very well right now in a balanced portfolio that also has a lot of cash on the sidelines. You want to be ready for the moment when things actually get better. It’s just that there’s so much uncertainty, you got to be a little more cautious than we might like at least in a number of key sectors,” the “Mad Money” host said.
The latest U.S. inflation data revealed that consumer prices in March climbed 8.5% compared with a year earlier, their highest levels since 1981. Stocks on Tuesday fell in response, with the Dow Jones Industrial Average dropping 0.26%, while the S&P 500 fell 0.34%. The Nasdaq Composite declined 0.30%.
Cramer said that while he doesn’t think investors should lose all hope that the market will recover, he’s cautious of spreading “false positivity.” He noted Russia’s invasion of…
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2022-04-12 22:46:48
