'No Recession,' Says Jim Cramer As Analyst Points To 'Good Sign' Of Rebound In Commodities
Benzinga
2023-07-24
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CNBC Mad Money host Jim Cramer Monday commented on economic growth and inflation's trajectory.
What Happened: Charles Schwab Chief Investment Strategist Liz Ann Sonders shared a chart of commodity prices on Twitter and commented that they are rebounding with nearly 75% having positive monthly returns.
This, though down from the previous week's 81%, is elevated compared to the past year.
Giving his take on the chart, Cramer said "no recession.. good sign."
Going by the future of China, as represented by Baltic Freight, Cramer said inflation is low too.
What Happened: Charles Schwab Chief Investment Strategist Liz Ann Sonders shared a chart of commodity prices on Twitter and commented that they are rebounding with nearly 75% having positive monthly returns.
This, though down from the previous week's 81%, is elevated compared to the past year.
Giving his take on the chart, Cramer said "no recession.. good sign."
Going by the future of China, as represented by Baltic Freight, Cramer said inflation is low too.
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