Cramer warns of ‘incredibly overconfident’ market after U.S.-Iran ceasefire

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CNBC’s Jim Cramer said Friday that the market’s become “incredibly overconfident” following the Iran-U.S. ceasefire news, which caused a massive rally in stocks this week.

The S&P 500

closed Friday up 3.6% week to date. Gains were fueled by President Donald Trump’s two-week pause on Iranian strikes, announced late Tuesday, which gave the market a brief reprieve from the conflict that has pressured equities since early March. The Nasdaq Composite

Cramer warns of ‘incredibly overconfident’ market after U.S.-Iran ceasefire

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