Jim Cramer explains how younger buyers are driving market action

On Monday, Jim Cramer from CNBC suggested that young investors had directed their market action by putting their money in new companies that encouraged ideas that they found exciting.

“Long story short, these young investors reward brave behavior,” he said. “They punish companies like Apple, which punishes companies that seem to be brave and instead of buying stocks.

According to Cramer, “There is a series of shares that roar on what can be defined as growth or the revaluation of animal souls.” For example, young investors Robinity Because he uses blockchain to trade stocks in private companies – an idea that more experienced investors find suspicious. However, for “more fresh -faced buyers”, development seems to be like intelligent financial engineering that needs to be encouraged. Robinhood finished on Monday with an increase of 12.77% and reached the highest level of 52 weeks.

He listed too Reddit– Doordash– Fight And Palantir By saying that they can achieve tremendous profit one day as shares that have supported from new investors. Reddit can be the next MetaCramer suggested that the online forum has strong advertising skills. Doordash also continued, it could be “an advertising power house”.

Cramer said that young investors are less concerned about the next move of the Federal Reserve. He also argued that Wall Street was more broadly in a “intellectual market” that focuses on the power of individual stocks, rather than an environment where investors first looked at the Fed.

“The scope is still in a market dominating the story, even if the scope shows what the Fed is still the next quarter point and the risk protection funds.” He said. “This is not worth it anymore. These days, people who try to rich with ideas. Who is right? Easy, embracing stocks, not their indices.”

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