We Don’t Have To Fear Recession Anymore; There’s An ‘Incredible’ Bull Market Ahead

It seems that we do not have to fear recession anymore, and on the other hand, we can expect a massive bull market. Check out the latest reports about this.

According to Jim Cramer, a CNBC personality, the US economy is no longer at risk of a downturn due to the impressive performances of top companies trading on the stock market.

In a recent episode of CNBC’s Mad Money, Cramer stated that despite a slight dip on Thursday caused by the Fed’s announcement of a new rate hike, the stock market remains robust.

Additionally, Cramer believes that the US economy will not shrink as long as publicly listed companies continue to perform exceptionally well.

“I don’t want you to lose faith in this incredible bull market. Even when the market’s on fire, stocks can still go down. That’s just what happens. We can always get bad days, especially when they start as really good days and people are too exuberant…”

He continued to express his thoughts, stating that he doesn’t consider the recent sell-off to be the end of the world.

Instead, he views it as a normal pullback, unlike the drastic declines we’ve experienced in the past few decades. With the recession no longer looming, companies are performing well, making buying stocks during this dip a reasonable decision.

Cramer draws a comparison between the current stock market’s progress and a similar period from 40 years ago when equities experienced a significant rally.

Despite the Federal Reserve’s strict monetary policies, the strong fundamentals of public companies will continue to propel equities to even greater heights.

In other news, Peter Brandt, a respected trader with a history of making accurate predictions, believes that Bitcoin will become the dominant asset class in the long term.

In a recent tweet to his 696,800 followers, Brandt stated that Bitcoin will eventually break free from its correlation with stocks and gold, and will become the benchmark for other asset classes.