Investing

Cramer says stock market comeback fueled by scramble to get back in after omicron overreaction

0


Jim Cramer on CNBC’s Halftime Report.

Scott Mlyn | CNBC

CNBC’s Jim Cramer said Tuesday the market’s snapback has taken many investors off guard, and it’s being fueled by the rush to get back into stocks as emerging evidence indicates that the omicron Covid variant might not be as serious as first thought.

“I think this caught a lot of people by surprise because if you rewind the tape to eight sessions ago you thought that omicron was basically going to spread the same way that delta did. Delta really did set back our economy. So far, that’s not been the case” with omicron, Cramer said on “Squawk on the Street.”

Preliminary data about the severity of omicron is “a bit encouraging,” White…



Source cnbc.com

0 0 votes
Article Rating

Evergrande set for restructuring, with no word on first formal default

Previous article

Bezos climate fund gives millions to energy start-up BlocPower

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Investing