Former Harvard Crimson Editor Cramer Calls Foul on Wall Street Dis on Powell

"Powell is seen by Wall St as too bleeding heart."

- Jim Cramer (former editor, Harvard Crimson) tells it like it is! 

The Market quandary continues to revolve around inflation eating at rich folks'
grits, and a rush away from big tech growth stocks toward industrials, banks,
and value. Here is a grand articulation of the recently percolating drama
( see Something is cooking blog entry) on eco and politico levels...

On the year

Dow +6.60% | S&P +4.18% | Ndq +2.54% | Au -8.26%   | Rus +15.83%

Says Cramer:

As i keep telling you the bond market

can't stand Fed Head Jay Powell’s stands here.

It's too bleeding heart for these

tight money folk which is why we keep

seeing the steady drum beat of sellers

on all sorts of bonds.

When that happens hedge funds

algorithmically - meaning just kind of

like well almost mathematically -drawing

conclusion - they

dump consistently fast growers like tech

and they double down on more cyclical

stocks like the industrials and they go

for the banks