Bullbit
Commodities
Cramer’s game plan: Oil shock is driving this sell-off and tech won’t bottom until it ends
- What: Jim Cramer warns that the market sell-off is driven by rising oil prices due to the Iran war.
- Why: Rising oil prices are causing a shock to the market, leading to a sell-off in tech stocks.
- Signal: The sell-off is a sign that the market is waiting for the Iran war to end before tech stocks can bottom out.
- Target: Cramer's target for oil prices is around $**120** per barrel, which could lead to further market volatility.
- Risk: Investors are at risk of further losses if the Iran war continues to drive up oil prices and exacerbate the market sell-off.