Cramer: This market has eerie parallels with 2018. Here's what investors should do
CNBC's Jim Cramer sees parallels between today’s market and the fall of 2018, when rising rates and geopolitical tensions preceded a 20% S&P 500 sell-off.
TL;DR
- Jim Cramer sees similarities between the current market and fall 2018, citing rising oil prices, inflation, and interest rates.
- In fall 2018, the S&P 500 fell approximately 20% due to rising rates and trade tensions.
- Cramer believes current Fed Chair Kevin Warsh is less aggressive on inflation than former Chair Jerome Powell.
- He advises investors to trim winning positions and keep cash available to buy high-quality stocks if the market weakens.
- Cramer does not predict a repeat of the 2018 market collapse but suggests preparing for potential volatility.