CNBC’s Jim Cramer on Wednesday stated he’s optimistic in regards to the market’s trajectory within the backend of 2021, although he warned that there are dangers that traders ought to take into account.
“I see rather a lot to love within the second half. Nonetheless, I acknowledge that there are some actual negatives right here: Breadth is dangerous, Treasurys appear to be signaling some kind of slowdown with yields falling to ridiculously low ranges,” the “Mad Money” host stated.
The feedback come after the S&P 500 rose to a brand new excessive and the Nasdaq Composite inched as much as set one other document. The Dow Jones Industrial Average additionally made positive factors Wednesday to shut up simply over 100 factors.
Huge Tech shares have been among the greatest movers on the day because the 10-year Treasury yield dropped to 1.30%, its lowest read since February.
“That is why tech retains hovering, as a result of these are the kind of development shares that thrive when the economic system cools off,” Cramer added.
Cramer recognized the next seven main themes that he believes will affect buying and selling over the subsequent six months: