Jim Cramer Says Recent Market Rally Could Herald Long-Term Change: 'I Simply Can't Dismiss The Best Week Of The Year'

Jim Cramer, CNBC’s stock market commentator, has expressed optimism about the market progress observed in the past week’s rally.

According to a CNBC report, Cramer refused to write off the positive market performance seen last week as a short-term phenomenon.

He commented, “I simply can’t dismiss the best week of the year, where major strides were made.”

Cramer observed a broad rally in various sectors, including financials, e-commerce stocks, and semiconductor equipment. He also noted the significant decrease in long-term yields following a reversal in the bond market.

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Last week’s market gains, Cramer said, were “hard-fought victories” in an otherwise over-sold market. He also hinted at possible stability in interest rates, with no hikes expected in the coming ...

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