Cramer: Weak Jobs Data Could Spark Tech-Led Market Rally
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Jim Cramer sees conditions that could spark a market rally, including upcoming jobs data. A weak jobs report could mean less Fed rate hikes.
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He says there is "plenty of tinder" for a rally like what happened in March. This could be led by big tech stocks.
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Uniform negativity and declining bond prices may signal a market bottom is coming. Sellers just need to slow pace.
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Focus could return to beaten down stocks that don't deserve declines if bond selling eases up.
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Cramer will be watching Friday's jobs report closely to gauge market direction. Signs of economic weakness may please market but hurt sectors like retail.