Jim Cramer warns that growth stocks could see ‘more horror’ after CPI data release

Cramer echoed his advice to investors in recent weeks to stay away from semiconductor and tech stocks, including names like Meta, Amazon, Apple, Netflix and Alphabet. The October consumer price index report is set for release Thursday morning. The market’s decline comes after three consecutive days of gains. Cramer: ‘When rates go up, you immediately get this kneejerk sell-off in virtually everything, but especially in tech,’ he said, adding: ‘Some of these companies are doing much better than others, yet they all trade the same’ The Federal Reserve could then ease its brisk pace of interest rate hikes if inflation cools with the view that the Fed could ease its pace of. interest rate. rate hikes. Stocks fell on Wednesday . . .