Jim Cramer says the stock market is a forecasting machine, not just a snapshot of current conditions. What’s it saying? Watch the financials.
Are we at the beginning of the fabled V-shaped economic recovery? Not so fast, Jim Cramer told his Mad Money viewers Wednesday. There are certainly signs of strength in the stock market, Cramer said, but he remained skeptical that a V-shaped recovery is possible until the financial sector shows one.
He noted that the stock market is out of sync with the current economy, but it can be a forecasting machine. Read more…..
Chart of the Day
Ray Wang, Principal Analyst of Constellation Research, joins The Final Round to discuss Apple’s milestone as the first U.S. company to hit $2T in market cap and what the potential downside is for the tech giant.