Focus on Financials: Cramer’s ‘Mad Money’ Recap (Monday 8/19/20)

Focus on Financials: Cramer's 'Mad Money' Recap (Monday 8/19/20)

Are we at the beginning of the fabled V-shaped economic recovery? Not so fast, Jim Cramer told his Mad Money viewers Wednesday. There are certainly signs of strength in the stock market, Cramer said, but he remained skeptical that a V-shaped recovery is possible until the financial sector shows one.

He noted that the stock market is out of sync with the current economy, but it can be a forecasting machine. 

Cramer said he’s been encouraged by a number of recent positive data points. We’re seeing strength in commodities, strength in housing, and the Nasdaq continues to soar on the heels of Apple  (AAPL) – Get Report, Amazon  (AMZN) – Get Report, Microsoft  (MSFT) – Get Report and everything to do with the cloud.


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