Cramer Warns 38% Fed Hike Odds Leave Few Reasons to Buy

1 articles · Updated · CNBC · Jul 23

38% odds of a quarter-point Fed hike next week, up from 12% a week ago, led Jim Cramer to say he has more reasons to sell than buy.
Brent crude jumped more than 6% above $100 a barrel after Houthi attacks on two Saudi tankers and Trump’s threat to bomb Iranian infrastructure, reviving inflation fears.
Those pressures hit stocks early Thursday: the Dow fell more than 400 points, the S&P 500 lost over 1%, and the Nasdaq dropped about 2%.
Cramer also pointed to AI spending strain after Alphabet’s latest quarter, questioning how long companies can fund the buildout after plans to raise about $85 billion through stock sales.
Even with the selloff, major indexes remain relatively close to recent records, which Cramer said suggests Wall Street may still be underestimating the combined risks.