CNBC’s Jim Cramer is optimistic about the future performance of the stock market after a positive day for the major indexes. Cramer believes several factors could contribute to more frequent positive sessions. First, he emphasized the need for the bond market to see more buyers and fewer sellers, as the Chinese government has been selling a significant portion of U.S. debt in recent years. Additionally, Cramer stated that the market may see better days if the U.S. experiences growth without inflation and if employment data shows jobs are being created at a slower rate. Lastly, he mentioned that companies need to provide better forecasts and that investors should give some companies with a history of outperformance the benefit of the doubt.
While Cramer acknowledges these potential positives, he also recognizes that the current market environment is challenging. He expressed doubts about the likelihood of the Chinese government buying bonds or the Fed stopping their selling, which makes it harder to own anything in this environment. Cramer concluded by noting that, for now, the bears are in charge, with the bulls only making periodic visits to the stock exchange.
Overall, Cramer’s optimistic outlook for the market is contingent on factors such as bond market dynamics, job growth, and company forecasts. However, he acknowledges the challenges presented by the current market environment and the dominance of bearish sentiment.