CNBC’s Jim Cramer said Wednesday he sees a number of worrisome factors that are likely to contribute to market volatility in September, beyond just the fact it is a historically tough month for stocks.
Here’s what the “Mad Money” host is concerned about:
This week, three companies — paint makers PPG Industries and Sherwin-Williams, as well as homebuilder PulteGroup — issued pre-announcements to lower guidance about their current quarters, warning that supply chain problems and materials costs are causing challenges that could lead to worse-than-expected results.
“The good news? None of their stocks got crushed because demand’s still in good shape. … They’re still getting business,” Cramer said. “The bad news? These supply problems, they’re not going away—seems like they’ve become ingrained.”
Pressure on Federal Reserve Chairman Jerome Powell to change his stance that inflationary pressures…