Cramer: Israel-Hamas Conflict Unlikely to Impact Stocks as Investors Focus on Inflation, Fed Policy
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CNBC's Jim Cramer said Israel-Hamas conflict may not impact stocks, companies, prospects.
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Major indexes saw modest gains despite spike in oil, defense stocks.
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Cramer wondered if investors are desensitized after Ukraine invasion, or see no direct impact.
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Stocks may be more driven by inflation concerns and Fed's next moves.
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Cramer said Wall Street focused on Fed Vice Chair comments, corporate profits ahead of earnings.
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