Cramer: Banks Need to Hold After Fed Hike

 | Mar 15, 2017 | 2:22 PM EDT
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A quarter point and two more increases are predicted and the results? Rates low; stocks higher. The yield stocks and the bond-market equivalents are terrific.

The only losers? The banks because some thought the word "gradual" would be removed. Gradual's costing that group. And that's a leadership group.

Hard to imagine that we can go far if we lose the banks. And we are losing them. They need to hold here if the market's going to stay the upside course. Bank stock stability equals higher overall prices.

But right now it is all about buying stocks that yield well and buying bonds, the latter showing once again that the big trade, short bonds, didn't work. Period.

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