About those stock futures...
If you tune in at 5 a.m. ET to a sea of red, you might be surprised when things are a little more stable come the opening of the New York Stock Exchange at 9:30 a.m. ET.
Jim Cramer has long been a proponent of not putting too much emphasis on stock futures, but is there a way to use them to your advantage?
Cramer devoted a recent column on Real Money to teaching investors how to read the tape with profit in mind.
"I want to show you how juicy this can be: I am going to show you how to read the tape so you can profit, too. It starts with having a worldview: You know mine is positive, I think that the inflation is transitory - just like Fed Chief Powell, and earnings, for the most part should be very good. Employment is strong and the scattered earnings we have had in the last couple weeks have pretty much all been positive," Cramer wrote.
Before you start whipping out your philosophy book from college, Cramer has a cheat sheet for you.
In the video above, he explains how he's simplified his worldview into an actionable equation.
Recap TheStreet Live: Everything Jim Cramer Is Watching 7/13/21