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It’s Not a Good Set-Up Right Now, But Six Flags Looks Good: Cramer

July 5, 2023
in Trade Tube
Reading Time: 1 min read
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Jim Cramer answers viewers’ Twitter (TWTR) questions from the floor of the New York Stock Exchange. When one viewer asks for his thoughts on Greece and the eurozone and the subsequent effect on U.S. markets, Cramer stresses that the only thing investors should be thinking about is the U.S. dollar. He says these talks between Greece and European leaders depress the euro, and whenever the euro gets depressed, our markets tend to go down. Commodities go into free fall, Cramer says, which makes people fearful of a recession. Cramer predicts that’s what will be talked about over the next several weeks because if the Federal Reserve raises rates while commodities are going down, people are going to be very frightened. All of that is in the cards if this deal does not occur, Cramer says, and he doesn’t believe the Greeks are going to get a deal just yet. Cramer also weighs in on Marathon Oil (MRO), CyberArk (CYBR), and Six Flags (SIX). If you have a stock question, tweet it @jimcramer using #CramerQ.

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