CNBC’s Jim Cramer said Monday that investors should be cautious about short-term stocks, saying it’s best to stay effective and try to figure out what market share will show strength in September.
“I’ve told you over and over again that September is the cruelest month and that it works like this again, with current corrections everywhere, which is, again, a precursor to the seasonal decline that begins at just a couple of days, ”said the host of“ Mad Money ”.
“Right now, you better save cash and have some gold,” Cramer added.
The 30-share Dow and S&P 500 cut their five-session gusts on Monday, advancing 0.76% and 0.23%, respectively. The high-tech Nasdaq fell 0.1% for the fourth day in a row in red.
Cramer said he is concerned about the tight leadership of the market that often spins every day. He said the only interpreter that has been constant has been the oil and gas companies. However, he said they are “the worst kind of leadership” in the market because the rise in energy prices is bad for companies in other industries that are already facing rising material costs. first.
“Of course, on a given day, we can see a concentration of relief. Today the Dow has held up very well. Some health stocks increased, mostly health insurers. Banks put on a decent show,” Cramer said.
Still, Cramer said he sees all sorts of risks to the market: inflation, shortages of supply related to logistical disruptions, valuation concerns, upcoming IPOs, and new fiscal proposals from Democrats in Congress. As a result, he said, “I don’t want to be too aggressive with anything.”