Jim Cramer: As Interest Rates Go Higher, Banks Go Higher
As long as interest rates go higher, the bank stocks can go higher, says Jim Cramer
As long as interest rates go higher, the bank stocks can go higher, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer. Yields on the 10-year Treasury surged since Donald Trump's presidential victory last week, as investors expect higher interest rates under Trump's administration. The 10-year Treasury yield was near its 2016 high on Monday. The Federal Reserve is widely expected to raise interest rates next month amid improving economic data. Cramer spoke earlier on the floor of the New York Stock Exchange.
