Jim Cramer rebuffs Wall Street’s ‘knee-jerk negativity’ after Tuesday’s pullback

On Tuesday, Jim Cramer from CNBC returned to a lower thought he felt at Wall Street, saying that “the knee shake negativity” investors lost money in Wall Street Tuesday.

“We need to care about companies and profits in this business, and the profits are really generous,” he said. “Nevertheless, the investment class is so scared and it’s so negative because they’re going into the narrative that everything is about to come into play.”

Investors withdrew on Tuesday, because weaker economic data than expected and President Donald Trump’s plans to announce more tariff announcement. . S&P 500 He dived 0.49 %, Nasdaq composite Lost 0.65 % and Dow Jones Industrial Average 0.14 %fell. The Sunday was irregularly traded in the last few sessions. After the last job report showed weakness in the labor market, stocks fell on Friday, but on Monday, they managed to recover greatly.

Cramer gave a few reasons for feeling more optimistic about market opportunities, and first he said that many companies think that he managed to reduce the impact of tariffs. Pointed out Wayfair In particular, to say that the furniture seller has a good strategy to keep prices low.

He also suggested that Wall Street should be more favorable. Apple And AmazonHe said the big neighborhoods reported. He acknowledged that the first needed a better artificial intelligence strategy and the second needed better semiconductor chips. However, he said that both of these problems were “money problems” It can be easily corrected by both companies.

Cramer also said there are many people who believe that Trump will harm the market during the “Liberation Day” in April. However, Cramer said that the market has managed to get rid of these losses.

“Nevertheless, I can say that despite all these negativities, companies do the explosion.” He said. “Or, more likely perceived negativities. And this is important.”

Sign up now For CNBC investment club to follow every movement of Jim Cramer on the market.

Waiver CNBC Investing Club No Trust, Apple and Amazon’s shares.