Markets were mixed Thursday as economic optimism from a strong corporate earnings season was overshadowed by inflation concerns as weekly jobless claims came in higher than expected. In intraday trading Thursday, the Dow was down 0.26%, to 34,707, the S&P 500 fell 0.07% and the Nasdaq was up 0.16%
“This market is nutty,” Jim Cramer told Action Alerts PLUS senior analyst Jeff Marks.
Cramer said that interest rates are now a sentiment measure of the economic impact of the delta variant of the coronavirus, noting he thinks rates should be higher because business is doing so well. “The depression notion of the variant is going to cause a snag in the economy, but only a snag,” Cramer said.
Cramer concluded by reminding viewers that dips in the market should be used as opportunities to buy, crediting Real Money’s Carolyn Boroden.
“We just finished the end of a three-day correction,” Cramer said, adding that most if not all of 2021’s corrections have been 3 days or less.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/22/21