Published on 10 May 2022 on MoneyWise via Yahoo Finance
Jim Cramer says 'leaving the market is a mistake' — here's what he's most bullish on right now
The S&P 500 is down 10% over the past month alone.
According to CNBC’s Jim Cramer, the recent plunge in stocks reflects a lack of investor confidence in the Federal Reserve. He says these investors believe that the Fed has lost control or is helpless to fix things given the state of the global supply chain.
But Cramer remains bullish — particularly on Fed Chairman Jerome Powell. “I think the consumer is strong. Jobs are plentiful,” he says. “Leaving the market is a mistake because Powell happens to be an incredibly thoughtful, good public servant who’s doing amazing.”