CNBC Analyst Jim Cramer: ‘Incredible’ Bull Market Shatters Recession Fears

CNBC’s Jim Cramer expresses confidence that the US economy is no longer threatened by a downturn. Citing the strong performances of top companies in the stock market. 

Despite a recent pullback driven by the Fed’s announcement of a rate hike. Cramer asserts that the stock market remains robust. He emphasizes that the current sell-off is more akin to a regular pullback rather than a severe decline seen in the past. Cramer encourages investors not to lose faith in the “incredible” bull market. Pointing out that recession is no longer on the horizon, and many companies are thriving. Drawing parallels to a period 40 years ago, he notes that the strong fundamentals and growth prospects of numerous public companies will continue to drive equities to greater heights. Even amid the Fed’s tight monetary policies.

Clever Robot News Desk 31^th July 2023