Today's consumer spending rally couldn't come at a better time, says Jim Cramer
CNBC Television·2025-12-19 00:33
The consumer calvary got here just in time to give us what looks to be the beginning of a SANTA CLAUS RALLY. THAT'S the only way to describe what worked today. Everything involving consumer spending couldn't come as a better time because tech's been faltered.We needed something big to replace it. Even as you couldn't tell from the averages, Dow advancing 66 points to be jumping 79% but the techlaid NASDAQ surging 1.38%. Let me set the scene.For most of the year, we've had oh, woe is the narrative consumer, ...