Before Wall Street heads out for the holiday weekend, the market will see a slew of data, all wrapping up with Friday's all-important non-farm payrolls.
In the May jobs report, the U.S. added 559,000 jobs, falling slightly lower than expectations. With continued focus on inflation amid the economic recovery, investors will closely scrutinize the June report, expected at 8:30 a.m. ET, Friday.
"Cramer told his Mad Money viewers they should expect the inflation hawks to be making a lot of noise. No matter what the number is, these bears will be up in arms that the Federal Reserve needs to act now and raise interest rates in order to stop inflation in its tracks. They will, of course, be totally wrong, but that won't stop them from disrupting the bulls," Scott Rutt wrote in his Mad Money Recap.
"For a sleepy time in June, we have a lot of money coming in," Cramer told Action Alerts PLUS senior analyst Jeff Marks.
Recap TheStreet Live: Everything Jim Cramer Is Watching 6/28/21