One caller during Wednesday's Lightning Round segment of Mad Money asked Jim Cramer about Altimeter Growth (AGC) . "I think this one is a good one," said Jim Cramer about the blank check company that is bringing Grab public. Grab through its subsidiaries, provides software application ride-hailing transport, food delivery, and payment solutions.
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While the near-term charts and market breadth remain positive and lack sell signals, some clouds are starting to appear.
Traders knew on Thursday morning that Chewy co-founder Ryan Cohen no longer believed in the stock, so why would they wait until after Thursday's close to sell?
The Fed would do well to pump the brakes on big rate hikes until it sees what quantitative tightening does to the economy.
The factors driving climate change are not easily quantified, or reflected in short-term market moves, though their long-term effects are pretty clear.