CNBC’s Jim Cramer said Wednesday he was bullish on how the market would perform in the backend of 2021 but cautioned investors should be aware of risk.
“I look to like a lot in the second half of the year. I acknowledge, however, that there are some real downsides here: the breadth is poor, Treasuries seem to be signaling some sort of slowdown, with yields falling to ridiculously low levels,” said the ” Mad Money ”said the host.
The comments come after the S&P 500 rose to new highs and the Nasdaq Composite broke another record. The Dow Jones Industrial Average also rose on Wednesday and closed just over 100 points.
Big tech stocks were among the strongest climbers of the day as 10-year government bond yields fell to 1.30%, their lowest level since February.
“That’s why technology continues to boom, because these are the kind of growth stocks that thrive when the economy cools,” added Cramer.
Cramer identified the following seven main issues that he believes will affect trading over the next six months:
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