CNBC Investing Club

Cramer's investment strategy for 2023 is a Fed-driven tale of two halves

Jim Cramer on Squawk on the Street, June 30, 2022.
Virginia Sherwood | CNBC

Coming into 2022, we told Club members that with inflation running hot and the Federal Reserve on the warpath to beat it back down, the time for playing so-called story stocks was over. You know the kind we're talking about, shares of companies that don't make money and instead tell grand stories of future profits thanks to supposedly monstrous addressable markets. One year ago, Jim Cramer said investors must focus on companies that make things and do stuff for a profit, which they can then return to shareholders via buybacks and dividends.