On Sunday evening, Jim Cramer urged investors to keep a level head, even though the US actions were plunged, extending last week’s price sale. “I’m not going to panic. I’m not going to say,” Get out now. “I think you have to keep the course here,” Jim said during a special broadcast on CNBC. “Let’s just be a little fresher. Recognize that there will be pain. You can’t dodge it,” he added later. The term contracts on S&P 500 fell by 3.6% to 8:40 p.m., based on the drop of 10.5% the index recorded during the sessions of Thursday and Friday. The term contracts linked to the NASDAQ 100 dropped by 4.6%, and the term contracts on DOW fell by almost 1,400 points, or 3.5%. The stock markets in Asia-Pacific also plunged at the start of their weeks of negotiation. American oil fell below $ 60 a barrel for the first time in four years-a clear sign that investors are concerned about the so-called reciprocal prices of President Donald Trump could trigger a world trade war that turns the United States in recession. The yield on the reference treasure at 10 years has also dropped below 4%. During the broadcast on Sunday, Jim reiterated the message he sent to members earlier in the evening in his weekly column: it is too early to start buying the DIP aggressively because the whole scope of reprisals of American trade partners, in particular in Europe, is not yet known. On Friday, China announced a 34% tax on American imports. “I think the biggest problem we have is that if you wanted to try and the background fish tomorrow – and I don’t recommend that – you have to worry that Europe will come after us,” said Jim. “I think that if Europe comes after us between three and seven days later, it would be the moment when I think that if you wanted to make purchases, everything would be fine.” By sailing on these volatile and uncertain markets, Jim said that investors had to understand their individual temporal horizons and repeat what he wrote in the Sunday column: “I am not saying it is too late to sell if, once again, you need money next year.” But if not, Jim said that it was important to remember the recent history of what happened after the drop in the market. “It was even logical to keep the course in 2007,” he said. While the S&P 500 at the time losing about half of its value was “horrible,” said Jim, by 2013 “you were back, then look at the move you missed if you decided that you did not want to be there.” (See here for a complete list of Jim Cramer’s Charitable Trust’s actions.) As an abundance at CNBC Investing Club with Jim Cramer, you will receive a commercial alert before Jim is doing a business. Jim is waiting for 45 minutes after sending a commercial alert before buying or selling a stock in the portfolio of his charitable trust. If Jim spoke of a stock on CNBC TV, he waits 72 hours after issuing the commercial alert before running the trade. The above information of investment clubs is subject to our terms and conditions and our privacy policies, as well as our warning. No obligation or fiduciary duty exists, or is created, due to your reception of the information provided in relation to the investment club. No specific result or profit is guaranteed. Jim Cramer in NYSE, June 30, 2022.
Virginia Sherwood | CNBC
On Sunday evening, Jim Cramer urged investors to keep a level head, even though the US actions were plunged, extending last week’s price sale.