Cramer warns stock market could sink if Fed chief Powell ‘slips up’ during ‘endless heckling’

cnbc2021-06-15

KEY POINTS Fed Chairman Jerome Powell’s news conference Wednesday could have major market implications, CNBC’s Jim Cramer said Tuesday. Cramer worried Powell could make a mistake during the Q&A ...

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Comments

Orangejus
2021-06-16
Orangejus
Sink and buy more. Economy is expanding, why would that be a problem?
KBchan
2021-06-16
KBchan
Please like and comment
andrew123
2021-06-16
andrew123
Mkt up too much for far too long. Just waiting for reason to correct. Better to wait.
seejy
2021-06-16
seejy
oh no...[流淚] [流淚] [可憐] [可憐] [想吃] [丟臉] [丟臉] [汗顏]
pangspurs
2021-06-16
pangspurs
Pls don't
K74
2021-06-16
K74
Brace

Leave a comment

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Powell’s Q&A session with reporters is scheduled to follow. Powell’s comments are beinghighly anticipated across Wall Street, as traders and investors look for fresh insights into how the Fed will respond to aseries of recent data pointsshowing inflation across the U.S. economy.\nOn“Squawk Box,”Cramer said he expects Powell to face “endless heckling” from journalists about whether the central bank’s highly accommodative monetary policy remains appropriate at this stage of the economy’s recovery from the Covid pandemic.\nPowell “has been saying, ‘I’m going to stay the course, stay the course.’ But there’s just this tortuous Q&A thing that he does, where it’s just a nightmare,” the“Mad Money”host said.\n“There are going to be people who just ask about the [producer price index] eight straight times, and they’re going to try and wear him down and maybe at one point he’s just worn down and he goes, ‘Yeah I know we’re buying too many mortgages’ ... or he slips up,” Cramer suggested.\nThe Labor Department on Tuesday said the PPI in Mayrose a hot 6.6% year over year, the largest 12-month increase on record. That comes after last week’sbig spike in consumer prices.\n“I mean, Jay is really practiced, but on the eighth question or the ninth question, I think he’s going to say, ‘Listen, I’m going to look at this,’ and that’s going to freak people out,” Cramer continued.\nAsked by CNBC’sAndrew Ross Sorkinabout how, exactly, stocks might react in that hypothetical scenario, Cramer responded: “Market goes down big, and we go down for about four, five days.”\nCramer also reiterated that he shares Powell’s inflation outlook, believing the rise in prices is likely to be temporary during the Covid recovery, justifying the Fed’s near-zero interest rates and asset purchase program.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":169056386,"gmtCreate":1623810063145,"gmtModify":1703820161017,"author":{"id":"3586565070413371","authorId":"3586565070413371","name":"Orangejus","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3586565070413371","authorIdStr":"3586565070413371"},"htmlText":"Sink and buy more. Economy is expanding, why would that be a problem?","listText":"Sink and buy more. Economy is expanding, why would that be a problem?","text":"Sink and buy more. Economy is expanding, why would that be a problem?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/169056386","repostId":1163235288,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160537469,"gmtCreate":1623801667151,"gmtModify":1703819691315,"author":{"id":"3582453112692311","authorId":"3582453112692311","name":"KBchan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3582453112692311","authorIdStr":"3582453112692311"},"htmlText":"Please like and comment","listText":"Please like and comment","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160537469","repostId":1163235288,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160265255,"gmtCreate":1623799960477,"gmtModify":1703819590544,"author":{"id":"3576260758860416","authorId":"3576260758860416","name":"andrew123","avatar":"https://community-static.tradeup.com/news/f2a1eaba26272212d42018e60e78b422","vip":1,"hat":"https://static.tigerbbs.com/4c5ceab71416b120bab4604c0754b52a","crmLevel":5,"crmLevelSwitch":0,"idStr":"3576260758860416","authorIdStr":"3576260758860416"},"htmlText":"Mkt up too much for far too long. Just waiting for reason to correct. Better to wait.","listText":"Mkt up too much for far too long. Just waiting for reason to correct. Better to wait.","text":"Mkt up too much for far too long. Just waiting for reason to correct. Better to wait.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160265255","repostId":1163235288,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160231004,"gmtCreate":1623799050508,"gmtModify":1703819542424,"author":{"id":"3566888623365652","authorId":"3566888623365652","name":"seejy","avatar":"https://static.tigerbbs.com/6da6b43e152c674c5cce9536c5613129","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3566888623365652","authorIdStr":"3566888623365652"},"htmlText":"oh no...[流淚]&nbsp;[流淚]&nbsp;[可憐]&nbsp;[可憐]&nbsp;[想吃]&nbsp;[丟臉]&nbsp;[丟臉]&nbsp;[汗顏]&nbsp;","listText":"oh no...[流淚]&nbsp;[流淚]&nbsp;[可憐]&nbsp;[可憐]&nbsp;[想吃]&nbsp;[丟臉]&nbsp;[丟臉]&nbsp;[汗顏]&nbsp;","text":"oh no...[流淚] [流淚] [可憐] [可憐] [想吃] [丟臉] [丟臉] [汗顏]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160231004","repostId":1163235288,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":160230343,"gmtCreate":1623799005782,"gmtModify":1703819538206,"author":{"id":"3573639121856550","authorId":"3573639121856550","name":"pangspurs","avatar":"https://static.tigerbbs.com/aee2873ae7d8332fa137abf68b7a472f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3573639121856550","authorIdStr":"3573639121856550"},"htmlText":"Pls don't&nbsp;","listText":"Pls don't&nbsp;","text":"Pls don't","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160230343","repostId":1163235288,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":160675173,"gmtCreate":1623798310192,"gmtModify":1703819508241,"author":{"id":"3574026189533561","authorId":"3574026189533561","name":"K74","avatar":"https://community-static.tradeup.com/news/0915c1dbb625a1fab842a01a98e9f31a","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574026189533561","authorIdStr":"3574026189533561"},"htmlText":"Brace","listText":"Brace","text":"Brace","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160675173","repostId":1163235288,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":103,"commentSize":66,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1163235288"}