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Investors should stay the course

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CNBC’s Jim Cramer said Wednesday that investors do not need to make major changes to their strategy as a result of Federal Reserve Chairman Jerome Powell‘s closely watched news conference.

“Arguably, you don’t need to do a thing,” the “Mad Money” host said after parsing through Powell’s comments earlier in the day and the updated projections from the Fed’s policymaking arm.

If anything, Cramer said he believes the drop in stocks Wednesday, combined with the new insight into the Fed’s thinking, could create opportunities for investors.

“I think you should simply stay the course, maybe using this decline to buy some high-quality stocks, especially industrials, right into the teeth of a…



Source cnbc.com

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