CNBC’s Jim Cramer revealed on Tuesday that he recently cut stakes in his pre-season charity trust as he worries more about possible market winds.
The fund, ActionAlertsPlus.com, cut about $ 100,000 in its stakes in part because of the problems, he said.
“I’m not a bassist, but there are legitimate concerns here, and that’s why we sold a lot of shares for my charity on the eve of the conference I did last week,” he told Mad Money “. “This market can handle one or even two of these potential problems, but it can’t handle them all.”
Cramer set out seven concerns he has. Here are the key menus to take away your ambivalence:
Earnings results
“This week we have bank profits and these stocks have worked so well that their numbers have to be perfect limit,” Cramer said. “Call me worried that this hot group could hurt the tenor of the earnings season.”
Inflation
“I think [Federal Reserve Chair] Jay Powell is right that the current rise in inflation is transitory, “he said.” I don’t think we need to tighten up soon because of inflation, but I’ve been wrong before, and that’s a legitimate concern even as this morning’s consumer price indices don’t seem so worrying. “
Values exception
“We’ve had so many IPOs and so many SPAC offers that I’m worried about the possibility of a $ 100 billion direct list [from Coinbase] sucking money from everything else, “Cramer said.” Too much supply, too many questions, not enough discipline. “
Covid-19
“We were pleased with Covid,” the former hedge fund manager said. “I know people are tired of being quarantined and vaccinated, except [Johnson & Johnson] – [are] we’re doing pretty well, even though we’re not out of the woods. “
S&P oscillator
“In fact, we’re overwhelmed with the S&P oscillator I swear,” he said. “We’ve had an amazing race and I would feel much, much more comfortable if we follow that with a gentle descent instead of some kind of cliff jump. The longer the excessive market stays, the more worried I feel.”
Semiconductor shortage
“This shortage really worries me, especially the shortage of semiconductors. Without chips, there’s nothing most manufacturers can do to increase production,” Cramer said.
Foreign policy
“We have a new president and it seems that everyone, from Iran to North Korea, to Russia and even China, wants to prove their decision. I am very concerned about China, which seems determined to prove to Biden that you don’t want to hear anything about human rights or make a move in Taiwan, ”he said. “For me, this potential flash point is the most dangerous plot in the world right now.”