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Why Jim Cramer Is Selling Bank Stocks Thursday

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The Nasdaq was once again lower in intraday trading on Thursday, March 18 following inflation worries that sent Treasury yields soaring to their highest levels since January 2020.

And on Wednesday, the  Dow and S&P 500 closed at record highs after the Federal Reserve said that it expects to keep interest rates near zero through 2023 and upgraded its outlook for economic growth. The Dow closed above 33,000 for the first time.

So, what is Jim Cramer watching in the markets?

"I'm thinking the banks have gotten ahead," Cramer said.

Find out what he only told members of his Action Alerts PLUS investing club about his approach to the banking sector here. 

Recap TheStreet Live: Everything Jim Cramer Is Watching Thursday

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