- CNBC’s Jim Cramer outlined three reasons why markets lost a short-lived rally on Thursday amid Wall Street concerns that the Fed’s interest rate hikes could tip the economy into a recession.
- For investors fearing that time is running out for a Santa Claus rally, Cramer said charts suggest a market run could still be in the works.
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CNBC's Jim Cramer outlined three reasons that markets lost a short-lived rally on Thursday.
If the economy were running colder, if the stock market was lower, and if interest rates were higher before sliding, things would be different, Cramer said. "Today we didn't see that, though. We had the worst of three worlds."
Here are the three factors:
Stocks fell on Thursday as Wall Street continues to worry that the Fed's interest rate hikes could tip the economy into a recession.
Investors also fear that time is running out for a Santa Claus rally, a phenomenon in which stocks tend to rise near the end of a year into the next year. Cramer reminded investors that charts suggest a market run could be in the works for after Thursday's trading session.
"While we could still get that seasonal bounce, obviously the market's gotten tougher to game," he said.
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