Jim Cramer expects market volatility to persist as midterm elections, overseas uncertainty, corporate earnings and the monthly jobs report approach. The Nasdaq Composite fell 2% for the week after dropping 2.9% on Friday, while the S&P 500 and Dow Jones Industrial Average ended down 0.6% and 0.9%, respectively. Apple reports Monday, with its valuation near 40 times earnings leaving little room for disappointment, while AMD, Pfizer and Amgen are also due to report this week. Tuesday’s midterm elections raise questions about growing political opposition to data centers, which could delay projects tied to artificial intelligence. Friday’s jobs report will test markets, with Cramer forecasting strong hiring but limited wage growth.
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