Tech can’t find bottom; industrial and consumer stocks rebound

Jim Cramer at the NYSE, June 30, 2022.

Virginia Sherwood | CNBC

Lots of companies were clocked in the last week. We found weaknesses in a host of industries ranging from media and gambling to cloud computing and software sales. The pain in the tech sector seems to know no bounds, as we mark a year ago this month since the Nasdaq last close at a record high. (To be clear, I’m not talking about the Apple (AAPL) Sunday evening statement on iPhone 14 Pro and Pro Max issues due to a showdown in production due to Covid restrictions in China. This is because these are related to supply and not demand.)

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