News > Jim Cramer says Wednesday’s market rally was ‘based on a dream’
Jim Cramer says Wednesday’s market rally was ‘based on a dream’
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Topologypro | 29/09/2022 01:50 PM | Click to read full article
CNBC’s Jim Cramer said that Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation.
“The moment some Fed-head explains the obvious, today’s gains will indeed disappear because they’re incompatible with the Fed’s attempts to control inflation. This rally was based on a dream,” he said.