Cramer: Here are 3 defensive stock market moves I'm making as oil and rates surge
CNBC's Jim Cramer is taking a more defensive approach as rising oil prices, higher interest rates and geopolitical tensions create a tougher backdrop.
TL;DR
- Elevated oil prices, interest rates, and geopolitical uncertainty necessitate a more defensive market approach.
- The Charitable Trust raised its cash position to 15% to protect against volatility and seize buying opportunities.
- Exposure to data-center stocks is being reduced, with a shift towards more resilient healthcare stocks.
- The trust exited its remaining Corning position and trimmed Broadcom to increase its Cardinal Health holdings.
- Strong corporate results, like Dell's, indicate robust underlying demand, but higher rates and political opposition are pressuring data-center stocks.
- Cramer is waiting for a more negative investor sentiment before reinvesting cash.