CNBC’s Jim Cramer on Monday told investors he sees an economy on the horizon that would be ideal for the stock market. Speaking about the market ahead, Cramer says he sees more positives than negatives, with economic growth and little inflation.
Citing July’s job report, Cramer suggests that now may be an opportune time to invest. The report shows 187,000 jobs added last month — slightly below the Dow Jones estimate of 200,000 jobs — along with an unemployment rate of 3.5%. Cramer said these figures suggest modest job growth with less inflation, meaning a good investment period.
“I can go into so many other positives for stocks,” Cramer said. “I just think the overarching issue here is that we’re getting exactly what Wall Street always wanted: growth with declining inflation, and that happened after a terrible week last week.”
Also read: PayPal Enters Stablecoin Realm With PYUSD
Cramer also listed several other factors that suggest a positive market landscape in the U.S. economy. These factors include an increase in manufacturing growth in the U.S. after years of declines, as well as many companies reporting positive revenue and earnings this season.
“Time to understand that when the market comes down like it did on Friday — not today because it went and moved up big on Friday — we have to recognize that the economy is better than anyone imagined a few months ago,” he said. “So, look for things to buy on weakness and then pull the darn trigger.”