Jim Cramer thinks that last year's December rate hike was a mistake.
In fact, he called it a "rookie mistake" from Jerome Powell, chairman of the Federal Reserve.
"And that the big rally this year was just a makeup rally for all the destruction that occurred during December. And I'm not gonna disagree with that. I think that Jerome Powell made a rookie mistake. He made a rookie mistake. He's managed to be able to, I think, walk back a lot of it," said Cramer.
Watch the full video for more.
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