Keep Calm and Cramer on: Jim Cramer Reveals The Crucial Thing to Watch This Week

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Consider this your required reading.

This week, Wall Street hears from over 1400 companies, the Fed will finally deliver a decision on interest rates, in-person trade talks between the U.S. and China kick off and to wrap it up, investors will hear how many jobs the U.S. added in July.

Feeling overwhelmed? You're far from alone.

As always, Jim Cramer has a standard piece of advice: DO NOT PANIC.

Obviously, it's easier said than done. So what's the biggest priority on Cramer's calendar this week? Here's what he told viewers of TheStreet's Daily Facebook Live Show:

He said that investors should be "extremely happy with the S&P." But his biggest takeaway from earnings season is "BTF" or Better Than Feared. 

"And BTF makes me say, let's say, you had money and you wanted to put it in your 401k. Let's get through the week. If the week is stable, you'll now have so many earnings that will know to commit. So if you haven't committed yet, wait a week," advised Cramer.

Catch Cramer's full take in the video above.

Related. Jim Cramer: How CEO Kevin Johnson Fueled Starbucks Breathtaking Numbers

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