As major indices have moved into the oversold territory, led by the tariff-fueled selloff over the last three sessions, CNBC’s Jim Cramer has questioned the Tuesday up move in futures.
What Happened: “What a tough moment,” said Cramer in an X post, who is the host of CNBC’s ‘Mad Money’.
According to him, the market looks technically ready for a bounce due to being oversold, and futures point to a strong open. However, the lack of clear positive news making the futures surge might make investors cautious about buying into this initial strength.
In the following X post, he also questioned whether buyers were discounting China’s retaliatory tariffs that could worsen the state of the economy. Cramer wonders if the current buying is rational or it “is all a big trap?” He’s cautious about buying into the current positive momentum after successfully avoiding panic …