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Jim Cramer accused the market of selling out because he couldn’t contain the delta spread – News


CNBC’s Jim Cramer shook Thursday, blaming the World Government for selling the market and blaming the leader for failing to grasp the epidemic of the Covid-19 variant.

The average of all major US equities plummeted almost 1% during the session, and the S & P 500 and Nasdaq Composite fell from record highs. Health concerns have also lowered bond yields to levels not seen since February.

The decline could be due to the rapidly expanding Delta stocks around the world, Kramer said.

“I honestly put this sale on the rap of politicians around the world because we are now facing a global leadership failure,” he said.Flirt“The host said.

“Here in the United States, we are vaccinated much better than most countries, but we failed when we made the vaccination process voluntary.”

Kramer accused the U.S. Food and Drug Administration of not yet giving full approval from something like the coronavirus vaccine. Modana And PfizerBioNTech..3 vaccines including one-shot solution from Johnson & JohnsonIs licensed by the institution for emergency use to combat the health crisis and is administered to millions of people nationwide.

Pfizer Apply for FDA approval Of that vaccine in May Submitted by Moderna For our own products in June.

“You might think this is technical, but so many Americans don’t trust the vaccine and the lack of FDA approval is certainly useless,” Kramer said. “I ask the FDA to explain themselves and their stupid behavior.”

First discovered in India and rapidly spreading around the world, the Delta variant is now the leading strain affecting people in the United States. Despite high vaccination rates in the United States compared to most other countries, outbreaks of deltas elsewhere in the world can signal breakouts. Immunization rates are lagging in the community here.

Health experts say that Indoor mask obligations and public health measures may need to be reinstated To delay the domestic spread of delta variants.

“If we can control the COVID variant by forcing people to vaccinate, I think bond yields and the stock market will start to rise again,” Kramer said. “There is not much hope of speeding up vaccination without paying or forcing people. Neither happens in this country.

Jim Cramer accused the market of selling out because he couldn’t contain the delta spread

Source link Jim Cramer accused the market of selling out because he couldn’t contain the delta spread

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