Cramer’s week ahead: Falling oil could help stocks but Fed is the next big test
CNBC’s Jim Cramer said falling oil prices helped fuel Friday’s rebound, but warned next week’s Federal Reserve meeting will be the next test for stocks.
TL;DR
- Falling oil prices helped stocks rebound on Friday.
- Technology stocks, specifically enterprise software and data center companies, led the recovery.
- The Federal Reserve's Open Market Committee meeting next week is a key event, with expectations of a rate hike to combat inflation.
- The conflict in Iran is a major variable; peace could lower oil prices, while renewed fighting could spike them.
- Higher interest rates and stubbornly high mortgage rates continue to weigh on housing demand.
- Cramer remains bullish on Brinker International and sees AI as less of a threat to established software companies like Intuit than feared.