CNBC’s Jim Cramer on Friday advised investors to brace themselves against Wall Street’s negativity next week as concerns over a possible recession mount.
“I do believe that our economy’s headed for a slowdown — that’s just what rate hikes do. But a slowdown doesn’t necessarily translate into a horrific, crash-landing recession. … There are many ways this situation can play out that don’t end in a full-blown recession,” the “Mad Money” host said.
“Regardless of what happens next week, Wall Street’s going to remain in good news, bad news mode. … So, perhaps you should steel yourself for the negativity,” he later added.
Key parts of the Treasury yield have inverted this week, raising concerns that the economy is headed for a recession. Yield curve inversions have historically preceded recessions but are not guaranteed indicators.
The Dow Jones Industrial Average rose 0.4% on Friday while the S&P 500 gained 0.34%. The Nasdaq increased 0.29%.
Cramer also previewed next week’s slate of…
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