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CNBC’s Jim Cramer on Tuesday pushed back against a downbeat sentiment he has felt on Wall Street, saying “knee-jerk negativity” is making investors lose money.
“In this business we’re supposed to care about companies and their profits, and the profits are, indeed, bountiful,” he said. “Yet the investing class is so scared and so negative because they buy into the narrative that everything’s about to roll over.”
The averages pulled back on Tuesday as investors worried about weaker-than-expected economic data and President Donald Trump’s imminent plans to announce more tariffs. The S&P 500
dipped 0.49%, the Nasdaq Composite
