Consumer-focused stocks have entered bear market territory, according to CNBC host Jim Cramer. He noted that heavy losses across retail and consumer goods are now signaling a deeper downturn.
The statement follows a 1.2% decline in the S&P 500 and continued weakness in tech shares, adding to broader investor pessimism. Meanwhile, Cramer’s bearish assessment quickly gained traction on social media.
Traders on X interpreted it as a contrarian signal, with many joking that his warning might precede a market rebound. Ishrak Khan on X noted, “If Jim Cramer says bear market, historically that means we’re about to rip to new all-time highs.”
Others, however, warned against overreliance on sentiment-driven narratives amid weakening fundamentals and persistent inflationary pressures.
Financial educator and author Robert Kiyosaki reinforced his long-held view that global markets are on the brink of collapse. Calling it “the big one,” he argued that excessive national debt, overvalued assets, and geopolitical instability could trigger a systemic crisis.
However, Kiyosaki reiterated his preference for alternative assets, urging investors to diversify into gold, silver, and Bitcoin. He believes these assets will serve as protection against currency debasement and the erosion of purchasing power.
Crypto Market Enters Bearish Phase?
The total crypto market capitalization has dropped to $3.47 trillion, marking a 4% decline from the previous day and a 19% slide from last month’s peak. The Fear and Greed Index fell to 21, its lowest level since April, signaling extreme fear. Historically, such levels preceded brief recoveries, but analysts warn that prolonged volatility could persist.
Bitcoin fell below $105,000, losing almost 3% in 24 hours and reaching its weakest level since June. The decline places the asset back near its resistance zones from late 2024, signaling that previous support levels are under renewed pressure.
In addition to this sentiment, CoinShares data shows that institutional investment flows have reversed. Crypto funds recorded $360 million in net outflows last week, led by a $946 million decline in Bitcoin investments.
Meanwhile, altcoins showed relative resilience. Ethereum saw $58 million in inflows, Solana $421 million, XRP $43 million, and Sui $9 million.
The CoinRemark Team
Brenda Kanana
