Jim Cramer Says Today Is Day to Reposition, Here’s His Game Plan

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Stocks were on the rise in intraday trading on Thursday in what Jim Cramer called a "snapback rally."

And adding to inflation pressure, the producer prices in the U.S. in April increased 0.6% from March. Inflation concerns have been the root cause for the poor performance of the major indices this week.

Meanwhile, the number of Americans filing for first-time unemployment benefits, meanwhile, declined by 34,000 last week to a pandemic low of 473,000 as employers looked to add workers lost during the virus lockdowns.

Recap TheStreet Live: Everything Jim Cramer Is Watching Thursday

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