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On Friday, Wall Street’s sharp rally following a temporary truce between Iran and the U.S. prompted caution from Jim Cramer, who warned that investors may be getting ahead of themselves.
Market Rally Fueled By Ceasefire Optimism
Stocks surged this week after Donald Trump announced a two-week pause in strikes on Iran, easing geopolitical tensions that had weighed on equities since early March.
The S&P 500 rose 3.6% for the week, while the Nasdaq Composite and Dow Jones Industrial Average gained 4.7% and 3%, respectively, marking their best weekly performance since November.
On CNBC, Cramer said the market rebounded after being oversold, noting, “We had a buying explosion when we got wind of a truce.”
Cramer Warns Of ‘Overconfidence’ Amid Ongoing Risks
Despite the rally, Cramer …
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