Charts suggest the market could rally through mid-December, MadMoneyOnCNBC's JimCramer said Tuesday.
CNBC's Jim Cramer on Tuesday said that the market's current rally could last through the middle of next month, leaning on charts analysis from Jessica Inskip, OptionsPlay's director of education and product.
Stocks rose on Tuesday after the October producer price index data signaled that inflation is cooling, just one week after a lighter-than-expected consumer price index report indicated that the prices of goods and services are increasing at a slower pace. "Even if [Fed Chair] Jay Powell decides not to ease up on the rate hikes, we're not going to know about it for weeks, which means the averages are free to romp in the meantime," he said.Arrows pointing outwards
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