Jim Cramer · Iran · Wall Street · SpaceX · CNBC Technology
Jim Cramer sees a big risk to the bull market resurfacing, and it's not the Iran war
Compiled by KHAO Editorial — aggregated from 1 source + 1 reference discovered via search. See llms.txt for citation guidance.
◌ Single Source
CNBC's Jim Cramer said Wednesday that while Wall Street was focused on re-escalating tensions between the U.S. and Iran, he is more concerned about a flood of new stock and bond issuance that could threaten the bull market.
Key facts
- Companies have issued staggering amounts of equity and debt in the last month, Cramer noted, including Alphabet's big stock sale, SpaceX's $85 billion initial public offering and $25 billion bond
- Two recent deals raised concerns for Cramer: Rivian's discounted stock offering and South Korea-based SK Hynix's planned $28 billion Nasdaq listing
- He pointed to a rebound in semiconductor stocks during Wednesday's session, led by Nvidia, which had shed almost $1 trillion in market value from its peak
- CNBC's Jim Cramer said Wednesday that while Wall Street was focused on re-escalating tensions between the U.S. and Iran, he is more concerned about a flood of new stock and bond issuance
Summary
"At least when it comes to the stock market, I'm a lot more worried about supply, specifically, the flood of new equity and bonds that have inundated this market, sopping up a lot of sidelined capital," the " Mad Money " host said. Companies have issued staggering amounts of equity and debt in the last month, Cramer noted, including Alphabet's big stock sale, SpaceX's $85 billion initial public offering and $25 billion bond sale, as well as large debt offerings from companies including Amazon. "I fear it's getting to be too much," he said. Two recent deals raised concerns for Cramer: Rivian's discounted stock offering and South Korea-based SK Hynix's planned $28 billion Nasdaq listing.