According to Jim Cramer, the host of Mad Money, the Federal Reserve “will tighten and trigger a recession no matter what.” The market has already made this decision. We are currently in a bull market, according to Cramer, who advised investors to buy on a decline.
Jim Cramer, the host of CNBC’s Mad Money programme, thinks that the market has already decided that there will be a recession in the United States.
It has already reviewed the news from Friday and determined that the Fed will tighten and cause a recession regardless of what happens.
Additionally, according to brand-new figures from the Bureau of Labor Statistics, 517,000 new jobs were created in January, and the unemployment rate decreased from 3.5% to 3.4%, reaching a low not seen since May 1969.
Cramer did observe a small decline in the S&P 500 on Monday morning, though.
During an appearance on ABC’s Good Morning America on Monday, Treasury Secretary Janet Yellen said: “You don’t have a recession when you have 500,000 jobs and the lowest unemployment rate in 50 years.” Additionally, on Monday, the global investment bank Goldman Sachs reduced the likelihood that the United States will experience a recession in the coming 12 months from 35% to 25%.
On Twitter, many individuals drew attention to Cramer’s recent claim that the market is in a bull run.
On January 31, the host of Mad Money argued that the market’s potential to increase as a result of positive earnings reports shows that it still has more room to grow.
Good earnings only result in price target reductions, in Cramer’s opinion.