CNBC’s Jim Cramer announced Tuesday that he had recently reduced his holdings in his nonprofit trust ahead of profitable season as he became increasingly concerned about potential market headwinds.
ActionAlertsPlus.com fund has cut roughly $ 100,000 from its holdings in part because of the issues, he said.
“I’m not a bear, but there are legitimate concerns here. So on the eve of the conference call I gave last week, we sold a few shares for my charitable trust,” he said on.Bad money. “” This market can address one or two of these potential problems, but not all. “
Cramer has raised seven concerns that he has. Below are key insights that fuel his ambivalence:
“This week we have bank earnings and these stocks are up so much that their numbers must be borderline perfect,” said Cramer. “Call me worried that this ardent group might violate the tenor of the winning season.”
“In my opinion [Federal Reserve Chair] Jay Powell is right that the current surge in inflation is temporary, “he said.” I don’t think we’re going to have to tighten anytime soon because of inflation, but I was wrong before and that is a legitimate concern, given that consumer price index numbers don’t seem too worrying this morning. “
“We’ve had so many IPOs and so many SPAC deals that I’m concerned about the prospect of a $ 100 billion direct listing[of[from[von[fromCoinbase]]Sucking money off everything else, “said Cramer.” Too much offer, too many questions, too little discipline. “
“We have become complacent about Covid,” said the former hedge fund manager. “I know people are fed up with quarantines and vaccinations – except[[[[Johnson & Johnson]]- – [are] It’s going pretty well even though we’re not out of the woods. “
“We are indeed overbought on the S&P oscillator I swear by,” he said. “We had an amazing run and I would be much, much more comfortable if we followed that down a gentle dip rather than a cliff jump. The longer the market stays overbought, the more concerned I get.”
“These bottlenecks really worry me, especially the semiconductor shortages. Without chips, most manufacturers can’t do anything to boost production,” said Cramer.
“We have a new president and it seems that everyone from Iran to North Korea to Russia and even China is keen to test their determination. I’m deeply concerned about China, which seems determined to show Biden that it is.” doesn’t want to hear about human rights, otherwise Taiwan will take a step forward, “he said. “For me, this potential flash point is currently the most dangerous act in the world.”