Cramer Sees Buying Openings as 30-Year Yield Hits 5.33% and Brent Tops $90
Updated
Updated · CNBC · Aug 18
Cramer Sees Buying Openings as 30-Year Yield Hits 5.33% and Brent Tops $90
3 articles · Updated · CNBC · Aug 18
Summary
All three major U.S. indexes fell Tuesday, but Jim Cramer said the selloff is creating better entry points for investors who can tolerate more near-term volatility.
A 5.33% 30-year Treasury yield, persistent inflation and Brent crude above $90 a barrel have darkened sentiment, though Cramer said fears around bonds and oil may be overdone.
Brent is unlikely to climb much beyond $100 as new supply comes online, he said, while higher yields could eventually draw buyers back into Treasuries and ease rate pressure.
Record short interest in the Nasdaq 100 has also pushed him toward beaten-down data-center names such as Micron, which he said still benefits from strong AI-memory demand.
Airbnb's strong travel demand and Home Depot's 'best quarter in five years' reinforced his broader view that resilient consumer spending in the service economy argues against extreme bearishness.