Jim Cramer Break Down the Fed and Facebook's 'Libra'

Credit: The Street
Published on June 18, 2019 - Duration: 08:07s

Jim Cramer Break Down the Fed and Facebook's 'Libra'

Is the 'Fed Drift' Moving Markets?

The markets are responding positively ahead of the Fed meeting.

In fact, analysts have coined the term 'Fed drift' to break down a positive market turn before investors hear anything concrete from the Fed and Fed chair Jerome Powell.

Jim Cramer weighs in on whether or not there is more to this market rally.

"Yeah ... it's kind of, as I said yesterday in Real Money, it's a win win, we're in that rare period where we would win no matter what.

We'll win if the economy was weak because of any cuts, we'll win if the economy was strong because then we won't need any cuts, it's a very unusual situation," Cramer said.

Facebook Bets Big on New Cryptocurrency Real Money Stock of the Day Facebook released the white paper for its Libra cryptocurrency.

Cramer broke down some thoughts on Libra in his morning column over on Real Money.

Here's what Cramer's thinking: Libra, the initiative, is taking advantage of the Facebook message platform to let individuals who live in challenged currency countries transact without losing value every second to the whims of its government.

Forty-eight percent of the people who are part of Facebook's far-reaching network live in unstable currency countries that make their nest eggs vulnerable to the lack of value storage.

Now there is a currency that can maintain that storehouse.

Monday morning, over on Cramer's exclusive members-only Action Alerts PLUS Daily Rundown show, Cramer broke down his thoughts ahead of the white paper, calling Libra the "anti-Facebook." What does that mean?

Jim Cramer says the crypto transactions will be private, which means you can't crack it, and that is "anti-Facebook." Is Facebook's latest move good?

Jim Cramer says they're good in doing this.

What Else Does Cramer Have His Eye On Outside of Facebook and the Fed news, here's what else Jim Cramer is watching today.

"I'm watching a lot of stocks that shouldn't be up," Cramer said.

Here are three stocks he's watching: 3M , Boeing and Home Depot .

Related.

Jim Cramer: Launch of Libra Cryptocurrency Is a Great Reason to Buy Facebook Related.

Dawn of the Fed Ask Cramer: 3 Signs a Market Has Gotten Frothy

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