Jim Cramer on Monday Market Rally: Where Were These Buyers Last Week?

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The markets were embracing positive momentum on Monday, June 21 following the Federal Reserve meeting last week where the Fed sounded hawkish.

The S&P 500 finished its worst week since February on Friday after St. Louis Federal Reserve Bank President James Bullard said the central bank has started talks on trimming the pace of its $120 billion in monthly bond purchases. He also predicted the first rate increase may come as soon as 2022, earlier than the Federal Reserve's forecast, TheStreet's Joseph Woelfel noted. 

Recap TheStreet Live: Everything Jim Cramer Is Watching 6/21/21

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