Trump and the Fed are creating 'a totally destructive tug of war' in the stock market, Cramer warns [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
show chapters Two familiar culprits are behind the stock market's insanely emotional swings , CNBC's Jim Cramer said Wednesday after the Dow Jones Industrial Average erased its yearly gains, the S&P 500 turned negative and the Nasdaq saw its worst day since 2011. The two men with the most influence over the stock market in the world, the president and the Fed chief, are engaged in a totally destructive tug of war where both sides are wrong, the Mad Money host said. That's right, President Trump and Fed Chairman Jerome Powell have staked out opposite sides of the economy and the real loser is you, the investor. Cramer couldn't understate the tension between the central bank and the executive branch, saying he couldn't recall a moment more convoluted than this one when it came to the macroeconomic layout. One one side sits the Fed, bent on raising interest rates in order to combat inflation before it takes off, and on the other,
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CMCSA
Earnings
- 4/25/24 - Beat
CMCSA
Sec Filings
- 4/26/24 - Form DEF
- 4/26/24 - Form DEFA14A
- 4/25/24 - Form 10-Q
- CMCSA's page on the SEC website