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February jobs report may cause ‘tsunami of selling’

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CNBC’s Jim Cramer said that he was encouraged by the trading activity he saw in tech and growth stocks as the market on Friday continued to grapple with fears that inflation is on the rise.

He warned, however, that investors should be prepared for how the market may respond to the February labor report set to release at the end of next week.

“If we get any strength here at all, any strength, please brace yourself for another tsunami of selling as interest rates go higher and stocks go lower,” the “Mad Money” host said, forecasting that a key interest rate measure in the bond market would shoot up. “Without an ugly set of numbers, the growth stocks are in trouble.”

Cramer made the comments…



Source cnbc.com

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