CNBC’s Jim Cramer on Tuesday said Wall Street is currently going through a tricky stage of the business cycle with the economy slowing and the Federal Reserve not yet cutting interest rates. He said it’s wise for investors to maintain a balanced portfolio and prepare to weather some losses.
“I’m not telling you to relax, I don’t do that on this show — not with the averages so close to all-time highs,” he said. “I’m just saying we are going into the valley of death here, and you should fear no evil as long as you have a balanced portfolio.”
Cramer laid out a few stocks that don’t rely on the health of the broader economy to hold as things start to slow down. He named the usual Big Tech high achievers — Nvidia, Meta, Alphabet, Amazon and Apple — as well as Big Pharma names Merck and Pfizer. Cramer …