Relative strength in several "recession-related" stocks means the market believes the
will take interest rates to 6.5%, Jim Cramer said on
"Stop Trading!" segment Friday.
"It's not the kind of strength I like because it means a lot of other stuff is too weak," Cramer said, pointing to
In technology, Cramer warned against
citing reports about suspicious-looking options-pricing patterns. Instead, Cramer pointed to
"If Marvell can have that kind of quarter, the people that are continually shorting Broadcom have to bring in their horns," Cramer said. "I don't want to touch F5. It's been a great stock, but enough is enough."
Looking at the commodities markets, Cramer said copper, silver and gold all have "further to go" to the downside, and said more pain is in store for owners of related shares, who are "worried that when they come in Monday all the analysts will be coming down" to reflect depreciation in the metals.
Among other sectors, Cramer said tech is bottoming, machinery is "trying to bottom" despite continued weakness in
, while "finance trades great."
At the time of publication, Cramer had no positions in the stocks mentioned.
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