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  1. Home
  2. / Investing
  3. / Stocks

Jim Cramer: Why Buyers Are Now Stepping Up to the Plate

The downbeat progression of talk is at odds with the market itself.
By JIM CRAMER
May 14, 2019 | 11:44 AM EDT
Stocks quotes in this article: ADBE, CRM, NOW, SPLK, TWLO, VMW, WDAY

Day three, and they are getting the jump on 'em.

What's happening today is the market is trying to assess whether the loss of market cap -- about ten times the tariff impact -- is too much.

What I see is this: the same pool of money is sloshing around and now it is going to the cloud kings -- Adobe Systems (ADBE) (on Mad Money tonight), Salesforce.com (CRM) (a holding in Action Alerts PLUS), ServiceNow (NOW) (no China at all), Splunk (SPLK) (cybersecurity), Twilio (TWLO) , VMWare (VMW) and Workday (WDAY) (confirmed last night on Mad no China) -- as well as oversold industrials and select soft goods companies in addition to the fintechs and the oils, the latter spurring a skein of thought that there's no recession coming from the tariffs.

Now here's something interesting: the president has reintroduced the concept of the Powell put. I think it is making investors feel more confident and making buyers step up to the plate more aggressively than many people expected. I believe that it would be later in the afternoon but investors can't resist.

The downbeat progression of talk is at odds with the market itself, which is saying "tariffs on tequila? Eels? Pasta? Give me a break."

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TAGS: Federal Reserve | Investing | Markets | Stocks | Trading | U.S. Equity |

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