Home » Heed warnings from Fed’s Brainard and sell some stocks
Investors should take Federal Reserve Governor Lael Brainard’s inflation policy comments to heart and sell some holdings, CNBC’s Jim Cramer said Tuesday.
“This is not a sell everything call. … In fact, the health care stocks and the oils are still very attractive here, and I’d put more money in it if they come down. Oil because of supply issues, drugs because they’re pretty much immune to a Fed-mandated recession. I’m simply saying that I’m getting more conservative,” the “Mad Money” host said.
“If you own anything you don’t like, this is as good a time as any to sell it. We’re up a lot. I think you’re going to get good prices in retrospect. When the Fed’s biggest dove turns into a bird of prey, you’d better take notice of it,” he added.
Cramer’s comments come after Brainard on Tuesday pivoted from her usual stance favoring low interest rates to calling for aggressive action against inflation. Brainard said in a speech written for a Minneapolis Fed discussion that policy action…
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