Cramer Urges Buying Near Oct. 27-28 Fed Meeting After 0.25-Point Rate Hike
Updated
Updated · CNBC · Sep 17
Cramer Urges Buying Near Oct. 27-28 Fed Meeting After 0.25-Point Rate Hike
3 articles · Updated · CNBC · Sep 17
Summary
Stocks fell in seven of the eight sessions before Wednesday’s Fed decision, then rebounded Thursday, prompting Jim Cramer to tell investors to buy weakness near the next Oct. 27-28 meeting and add more after it.
A 0.25-percentage-point rate increase to 3.75%-4% revived what Cramer calls the “big bad event” pattern: investors sell ahead of a scheduled catalyst, then return once uncertainty clears.
Cramer said the setup could matter more if the Fed keeps raising rates, arguing investors should avoid dumping stocks before meetings and instead be selective buyers.
Technology names could benefit from the post-meeting rebound, he said, highlighting cybersecurity stocks as well as Intel and Micron.