US economy better than the declining stock market reflects


Jim Cramer

Adam Jeffery | CNBC

CNBC’s Jim Cramer said Wednesday the economy is better than the recently embattled stock market reflects.

“I think you’re being faked out” by tanking U.S. equities, Cramer said on “Squawk on the Street, ” pointing to relatively solid corporate earnings and signals in the U.S. economy that growth can withstand drag from the U.S.-China war.

U.S. stock futures were accelerating to the downside Wednesday morning, as investors poured into the perceived safety of bonds, pushing yields down to multiyear lows.

“It’s very easy to take our cue from a false cue,” Cramer added, warning investors not to move too quickly when markets are in turmoil. “We have to figure it out.”

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