The yield on the benchmark 10-year Treasury note fell below 2% for the first time since November 2016 on Wednesday — breaching a key psychological level.Bondsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
Amazon and Blue Origin founder Jeff Bezos gave more insight into his space company's lunar plans on Wednesday.Technologyread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Delta warned travelers that a technical problem could delay flights on Wednesday.Airlinesread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
If the Trump administration and Congress fail to reach a spending agreement, the White House will offer to keep the government funded at its current levels for a year, Mnuchin...Politicsread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
Investors need to be cautious because the economy will get hurt the longer the trade war drags on, Jim Cramer says.Mad Money with Jim Cramerread more
Even after Tuesday's massive stock market reversal — the biggest in roughly 10 months — CNBC's Jim Cramer maintained that he liked the market.
But the "Mad Money " host acknowledged that there are "rules of engagement for dealing with a bull market that's in beast mode," so he wanted to highlight those for investors.
Cramer's No. 1 rule is one of his most common sayings: no one ever got hurt taking a profit.
In a rallying market like this one, investors tend to forget that their gains aren't really winnings until they ring the register. That can burn them when the market takes a hit.
"In this red-hot bull market, there are hundreds of stocks that you own with outsized gains where you'd be foolish not to do some profit-taking. I'm not saying you should sell the whole position — I like this market too much," Cramer said. "I just want you to understand that profits on paper don't count; it's not a real gain until you've taken something off the table."
Rule No. 2? You never know when an unexpected geopolitical or market-moving event might happen, so be prepared.
The article reserves the right to protect key domestic industries, in this case steel, for national security purposes. By invoking it, the United States would effectively push back against China's practice of artificially suppressing steel prices.
The move would "be a huge positive for the domestic steelmakers, but there's so much collateral damage. It will hurt the stocks of our international companies that do a lot of business in the People's Republic as investors start worrying about Chinese retaliation," Cramer said. "Something you need to keep in mind is this retaliation."
Cue one of Cramer's best-known aphorisms: "Bulls make money, bears make money, and pigs get slaughtered."
While this rule applies more loosely for those saving for retirement, investors using their mad money should have some cash on the sidelines to be able to buy in at lower stock prices, Cramer said.
"These days, the conventional wisdom is that the only real money that ever goes into the stock market is retirement money. That's supposed to go into index funds and it's never supposed to be touched, no matter what," he said. "I'm not telling you to mess with your 401(k), but if you do own individual stocks in your discretionary portfolio ... I'm saying take something off the table!"
Cramer has tried to explain Rule No. 4 — don't fall in love with your investments — to cryptocurrency buyers time and time again.
"I fear for my life whenever I use the words 'bitcoin' and 'sell' in the same sentence, " the "Mad Money" host said. "Still, the darned thing is in free-fall and the cryptomaniacs aren't doing themselves any favors by getting so attached emotionally to it. "
Instead, Cramer recommended investors stay humble, stay on top of their investments and, most of all, stay detached.
Finally, different areas of the market may have their heydays at different times, which is why investors must stay diversified, Cramer said.
For example, after the market reversed on Tuesday, the drug and health insurance stocks were still able to log strong gains. But the industrial stocks, red-hot just last week, were taken down along with last week's other winners, the oil and retail names.
"Here's the bottom line: do not be greedy, take some profits [and] stay diversified, since you never know what's going to come from left field and send us lower," the "Mad Money" host concluded. "Simple rules to live by. Don't screw it up."