The S&P 500 accelerated its decline on Tuesday after the 10-year Treasury yield hit its highest level since 2007. Jim Cramer warned investors against trying to predict the Federal Reserve’s future decisions, calling this practice a parlor game. According to him, the 10-year yield and rising oil prices are the actual factors driving the market. Despite the sharp decline in Intel and Micron shares on Monday, Cramer maintained his buy recommendation on both stocks. Broadcom CEO Hock Tan expressed conviction that the pace of AI model development will not slow down.
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