Stocks were mixed in intraday trading on Tuesday, May 25. U.S. home sales also declined more than forecast and consumer confidence fell for the first time in six months.
The markets had initially traded higher prior to the release of the economic data and on comments from the Federal Reserve about the impact of rising pressures on the economy.
James Bullard, president of the St. Louis Federal Reserve Bank, said in an interview with Yahoo Finance that more inflation was “not really a surprise.”
So, why is Jim Cramer keyed into the younger investor? Watch the video above for more.
Recap TheStreet Live: Everything Jim Cramer Is Watching Tuesday