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March 1, 2021
Inflation fears showered the markets with sell-offs last week, but some analysts aren’t fretting. Investors still spooked by the possibility of rising inflation can turn to the
“Mad Money” host Jim Cramer saw the recent sell-offs as a general overreaction:
“The bond market sees the economy getting ready to reopen … and it figures the last thing we need is more stimulus,” said Cramer. “To these bond investors … that’s like throwing gasoline on the Kingsfords. They think the economy will overheat … [and that]we’re going to get some serious inflation.”
As fears of inflation permeated the markets, growth names received the brunt of the blow. In a meeting with the House and Senate, Federal Reserve Chair Jerome Powell remained steadfast in keeping rates low.