With the market moving heavily in recent weeks, Jim Cramer suspects that it was in consolidation mode on Friday. And the bad news is that stocks won't be able to rally until oil stops declining.
Chinese retail is important for companies like Apple, Starbucks, Yum Brands and Nike. Thus, Cramer expects pressure on these stocks if Chinese retail sales are poor.
Monday: Apple WWDC kickoff Don't be too quick to pull the trigger, Cramer said. This conference tends to be an occasion where news comes out that can move the stock.
"I'm telling you that this is one where if we get some strength, you are going to feel like a knucklehead owning German 10-year bunds, which yield almost nothing
Wednesday: Federal Reserve meeting, Jabil Circuit Now that the economy's nonfarm payroll report had only 38,000 jobs last month, the fear of the Fed meeting has passed.
With the estimates very high, Cramer thinks China will disappoint again.
Don't be too quick to pull the trigger, Cramer said. This conference tends to be an occasion where news comes out that can move the stock.
Now that the economy's nonfarm payroll report had only 38,000 jobs last month, the fear of the Fed meeting has passed.
Friday: SeaWorld, Baker Hughes rig count