Is the 'Fed Drift' Moving Markets? Jim Cramer Weighs In

Credit: The Street
Published on June 18, 2019 - Duration: 00:40s

Is the 'Fed Drift' Moving Markets? Jim Cramer Weighs In

The markets are responding positively ahead of the Fed meeting.

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.

"Yeah, well I wrote yesterday in Real Money that the Fed was monitoring, and if they're monitoring, that means that [the Fed is saying] 'we've got your back.'

If the employment numbers are soft, 'we'll move'.

That's the next number he has.

So you know...it's a win-win, we're in that rare period where we would win no matter what," Cramer said.

"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," said Cramer.

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