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2021-07-08

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Cramer explains why Thursday’s sell-off is happening

CNBC’sJim Cramer weighed in on Thursday’s sharp pullback in U.S. equity futures, citing a number of

Cramer explains why Thursday’s sell-off is happening

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCramer explains why Thursday’s sell-off is happening\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-08 19:51 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/08/cramer-explains-why-thursdays-early-sell-off-is-happening.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>CNBC’sJim Cramer weighed in on Thursday’s sharp pullback in U.S. equity futures, citing a number of factors fromJapan announcing a state of emergencyfor Tokyo ahead of the Olympics due to Covid and ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/08/cramer-explains-why-thursdays-early-sell-off-is-happening.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/07/08/cramer-explains-why-thursdays-early-sell-off-is-happening.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1163995079","content_text":"CNBC’sJim Cramer weighed in on Thursday’s sharp pullback in U.S. equity futures, citing a number of factors fromJapan announcing a state of emergencyfor Tokyo ahead of the Olympics due to Covid and sharp drops in cryptocurrencies.\nAt the time of Cramer’s remarks, shortly after 7 a.m. in New York,Dow futures were down around 450 points. Futures for the S&P 500 and Nasdaq were also down more than 1%.\n“There’s a lot of negatives surfacing in an environment where there’s so much speculation and there’s so much supply, so it’s not a horrible time, but it’s obviously a time where people are reassessing,” Cramer said on“Squawk Box.”\nJapan’s public-health directive for Tokyo is set to go into effect this coming Monday and last through the summer Olympics.All spectators are reportedly set to be banned.\nCramer said the Tokyo order “makes you feel like, ‘Wait a second. Are we back in that world so travel goes down?’”\nThe“Mad Money”host also pointed tobitcoin, which wasdown more than 6% Thursday morningto below $32,500. The world’s largest cryptocurrency by market value has been under duress since reaching an all-time high near $65,000 in mid-April.\nBitcoin’s decline “freaks out people too,” Cramer said. “I think that’s China. ... China doesn’t want bitcoin anymore.”\nAnother factor for the market, Cramer contended, is the level speculation that’s surrounding the so-called meme stocks. WhileGameStop,AMC Entertainmentand a few other names captured the most attention since late January when the Reddit trading frenzy began in earnest, Cramer said it’s now really spreading to more obscure names.\n“We have to be careful of these guys. This is no longer just a couple of guys having some fun,” Cramer said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":701,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}