Jim Cramer Explains Why Markets Tanked on Weak Chicago PMI Data

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 You may have noticed that markets are taking a beating. The Dow plunged over 200 points after the Chicago PMI dropped to 43.2, its lowest level since December 2015.

Jim Cramer noted the weak data is being driven by the industrials and financials.

Cramer said the data will leave investors saying, "Now I know why the Fed cut rates."

Catch his full take in the video above.

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