Investing Club: Jim Cramer on rate hikes, jobless claims and an oversold market
We have had a grim run this year, particularly in the Nasdaq Composite , and Thursday and Friday may be your last days to be able to offset the wins you may have taken already. I think there have been plenty of gains taken this year simply because the Federal Reserve has given us a 4.3% yield on the 2-year Treasury, meaning risk-free gains over the next couple of years. I watch the 2-year Treasury like a hawk and it is signaling that the Fed will be done raising rates at about 4.25%.
A 'help wanted' sign is displayed in a window of a store in Manhattan on December 2, 2022 in New York City.
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