CNBC's Jim Cramer says the strength of the consumer sector and Warren Buffett's confidence in back stocks are key reasons not to overreact to the yield curve inversion.
The yield on the 10-year Treasury note is below that of the 2-year note, which investors view as a recession warning.
The strong consumer sector and Warren Buffett's faith in bank stocks means this inversion may not be that significant, CNBC's Jim Cramer says. "I look at the S&P top 50 companies, and it's very hard to find ones that are really hurt by this," Cramer says.The strength of the consumer sector and Warren Buffett's confidence in back stocks are key reasons not to overreact to the yield curve inversion, CNBC's Jim Cramer said Monday.
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