Jim Cramer: The pandemic led to ‘one of the greatest wealth transfers in history’


 

(From CNBC)

The stock market is rising as big business rebounds from state-ordered stoppage of nonessential activity, while small businesses drop like flies, the “Mad Money” host said.

“The bigger the business, the more it moves the major averages, and that matters because this is the first recession where big business … is coming through virtually unscathed, if not going for the gold,” he added.

Then add in a Fed that is juicing the market for those who hold assets.

Source: https://www.ac2news.com/2020/06/jim-cramer-the-pandemic-led-to-one-of-the-greatest-wealth-transfers-in-history/

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