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2024

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CNBC host and TV expert&nbsp;<a href="https://x.com/jimcramer/status/1843073845986721893" rel="noopener noreferrer nofollow">Jim Cramer</a> has released a new commentary on the financial markets, with a special focus on&nbsp;<a href="https://u.today/shiba-inu-shib-price-gives-advantage-to-whales-details" rel="noopener noreferrer nofollow">cryptocurrency</a> and China.&nbsp;
As many may know, Chinese stocks have been on a crazy parabolic run in recent days after the People's Bank of China, a key player in the country's monetary policy, eased policy and lowered interest rates. The result was immediate as, for example, the China A50, a major index of the Chinese stock market, has soared over 41% since Sept. 18.&nbsp;
Such an epic anomaly would not have gone unnoticed, and many pundits began analyzing and projecting how such a turnaround would further impact the global financial markets. This is when Cramer weighed in with a rather bold statement.&nbsp;
<h2 dir="ltr" id="in-n-out-but-it-is-crypto-and-stocks">In-n-out, but it is crypto and stocks</h2>
Thus, the Mad Money host stated that as&nbsp;<a href="https://u.today/china-confirms-interest-rate-cut-will-bitcoin-skyrocket" rel="noopener noreferrer nofollow">China</a> pumps all the hot money - which probably means that of a speculative nature - out of tech into China, it is only rivaled by the hot money out of crypto into China.&nbsp;
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 The hot money out of tech into China is rivaled only by the hot money out of crypto into China— Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1843073845986721893?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 6, 2024</a>
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In other words, Cramer is saying that China is now becoming the main attraction for traders and investors, and all those who have been trading tech stocks and&nbsp;<a href="https://u.today/301-million-wiped-out-from-bitcoin-etfs-what-happened" rel="noopener noreferrer nofollow">crypto</a> will now move their capital there.
While such a correlation is something to look into, the argument can be made that crypto and NASDAQ as the main index for tech stocks are still on the rise since mid-September.&nbsp; <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="bf8f2600-4362-4aeb-be48-5072e8ee60c5" src="https://u.today/sites/default/files/inline-images/CN50USD_2024-10-07_18-32-35.png">Source: <a href="https://www.tradingview.com/x/YGDqo7DN/" rel="noopener noreferrer nofollow">TradingView</a>
Maybe the inflow of capital into these markets has slowed down a bit, as attention has been focused on the Chinese fund market, but the crypto market and U.S. tech stocks still gained 8.67% and 3.08%, respectively.

'Money out of Crypto into China': CNBC's Jim Cramer Sounds Alarm

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