„A stock market that dies by the bond market’s sword can also prosper from it,“ CNBC’s Jim Cramer said Tuesday after all three major U.S. stock indexes rose.
CNBC’s Jim Cramer said that Tuesday’s stock market rally was made possible by cooling bond yields and favorable commentary from Federal Reserve Chairman Jerome Powell. „Sometimes, there’s just too much good news to ignore,“ the „Mad Money“ host said after the Dow Jones Industrial Averaged gained 0.51%, S&P 500 rose 0.92% and the tech-heavy Nasdaq Composite jumped 1.41%. Wall Street is off to a rocky start in the new year, with equity markets struggling against the backdrop of rising bond yields, which move inversely to prices. Cramer said that move in Treasurys was a key reason why so many stocks, especially those in the S&P 500, were being sold early in 2022, namely by large money managers and algorithmic traders.
