Fed’s fight against inflation will beat down ‘shaky’ stocks
CNBC's Jim Cramer said Friday that the Federal Reserve's attempts to crush inflation by raising interest rates will also inevitably bring down "formerly high-flying stocks" — even those that are "legitimate" companies.The stock market is "a major risk to containing inflation. It's not just collateral damage, it's one of targets. Not every stock, but certainly the ones with shaky valuation underpinnings that were trading through the roof on sales or even orders," the "Mad Money" host said."While we wait for the Fed to…