Cramer explains why the sell-off is happening and what to do about it [CNBC]
Comcast Corporation - Class A (CMCSA)
Last comcast corporation - class a earnings: 4/30 07:00 am
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Source: CNBC
A combination of tariffs from the U.S.-China trade war and a Federal Reserve that is under attack, but still has a too-aggressive agenda to hike interest rates, caused Wednesday's dramatic sell-off, CNBC's Jim Cramer said. During the trading session, the Dow Jones Industrial Average and the S&P 500 erased their gains for the year and the Nasdaq experienced its worst day since 2011. A lot of people come on air and say the economy is strong, the Mad Money host said. The economy's decelerating, perhaps even rapidly, and some of it has to do with trade. Cramer said stocks are now starting to build in the possibility of profits being crimped by a worldwide slowdown. He also doubled down on his argument that the slowdown is man-made and an aftereffect of the Trump administration's tariffs on China and President Donald Trump's attacks on the Fed . The economy is slowing and the Fed is under a lot of pressure to stop raising rates from the presid
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