CNBC’s Jim Cramer advises investors to hold off from putting new money to work as stocks pull back from their record highs. The “Mad Money” host breaks down why Elizabeth Warren’s back peddle on her health care proposal is a boon for the managed-care stock of United Health. Later in the show, he takes a look at chart analysis from trader Larry Williams to get a read on the negative trading that is likely ahead in the S&P 500’s future.
Put a pause on buying new stocks
Traders and financial professionals work on the floor of the New York Stock Exchange.
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“We got hammered today,” Cramer said on “Mad Money,” “and it was much more of a hammering than any of the averages [appeared], because there’s not enough negativity. Once people start worrying again, stocks will come…