CNBC’s Jim Cramer noted that the stock market has “had a fabulous run,” even as bond yields have been creeping up.
CNBC's Jim Cramer examined Monday's market action and said investors shouldn't be too concerned about rising bond yields."We are nowhere near the point where the bull can be slain by higher, longer rates," he said."Stocks have soared with bond yields at these levels before; in fact, they've soared with the 30-year at 5%, they've soared with the 30-year at 6%, so let's stop it with the jeremiads."managed to creep up 0.27%.
Cramer acknowledged that some investors, particularly traders with a more short-term view, are inclined to automatically trim stocks when bond yields rise. However, he said there also are some factors that should counteract the sellers, namely corporate buyback activity and inflows into index funds. "The big buybacks and the S&P 500 index money serve as a one-two punch against the bears because they create a temporary stock shortage," Cramer said.Decision 2024
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