Connect with us

Hi, what are you looking for?


Jim Cramer says the ‘bulls got what they needed’: find out more

jim cramer bulls got what they needed

Mad Money host Jim Cramer now expects the U.S. Federal Reserve to lift rates by 25 basis points tops in its meeting next week.

Here’s what it means for the stock market

That paints a rather rosy picture for the S&P 500 which added another 2.0% on Thursday.

Remember that the Fed Chair Jerome Powell had spurred fears of a 50-bps hike as he testified on Capitol Hill last week. But now that the Silicon Valley Bank has failed, Cramer noted, a bigger increase in interest rates is out of question.

We thought Powell was going to hit us with a 50 basis points hike because inflation refused to be beaten. Now we know he doesn’t need to do anything to beat inflation – those bank runs will do it for him.

The benchmark index is still down about 5.0% versus its year-to-date high.

What other banks have been affected?

What’s also noteworthy is that the regulators have now closed Signature Bank as well. On Mad Money today, Cramer said:

Sure, the bulls didn’t get it the way they wanted it, with a soft landing and a gradual reduction in oil prices, but they got what they needed, with the stunning flameout of first national bank of wretched excess and a few banks more.

Credit Suisse had also flagged liquidity issues in recent days but has now secured a lifeline as Invezz reported HERE.

Also on Thursday, a consortium of big banks injected $30 billion into First Republic Bank to calm fears that it might go under as well.

The post Jim Cramer says the ‘bulls got what they needed’: find out more appeared first on Invezz.

You May Also Like


Mimiq, Inc is announcing today the launch of their new product, Mimiq Track, at CES as part of their latest product line to operate...


Genesis Trading, the cryptocurrency brokerage and lender that halted customer withdrawals in the aftermath of FTX collapse, believes it can sort out its financial...

Editor's Pick

If you haven’t been following the “Twitter Files” saga, the gist of it is that the US federal government routinely pressured pre-Musk Twitter, and...

Editor's Pick

In Risky Business: Why Insurance Markets Fail and What to Do About It (Yale University Press, 2023), economists Liran Einav (Stanford), Amy Finkelstein (MIT),...

Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2023