Cramer’s 6-Point Checklist: What Must Happen Before the Market Selloff Ends

CNBC’s Jim Cramer on Tuesday gave a six-item checklist for what must happen before he will be ready to declare an end to the market selloff. As the market swings the other way in what Cramer called a “President’s Day sale”, he said that this downturn might not be just a one-day affair.[0] To end the selloff, six things need to happen according to Cramer:

JPMorgan CEO Jamie Dimon also weighed in on the Federal Reserve and the U.S. economy. He noted that “the U.S. economy right now is doing quite well. Consumers have a lot of money. They’re spending it. Jobs are plentiful.”[1] Dimon also said that the Fed may have lost control of inflation due to massive government borrowing and spending, and that it could be a while before the U.S. sees a return to the 2% inflation rate.[2]

On Tuesday, the Dow Jones Industrial Average and the S&P 500 had the worst day since December 15th, with every sector ending in the red, particularly consumer discretionary stocks.[0] Cramer said that this aggressive selling was a result of Wall Street betting too much on the Fed lowering inflation.[3]

“It’s a tall order here. I don’t even know if we can get all six of these,” Cramer said.[0] “Unfortunately, this President’s Day sale doesn’t feel like it’s over. But this checklist will give us a real good feel. Until more of these boxes get checked, respect the sellers. In fact, you might even want to join them.”[3]

Cramer also said that sectors like agriculture, oil and gas have offered bright spots, and pointed to tech firm Nvidia, which saw its stock jump 14% after a positive quarter and a bullish outlook on artificial intelligence.[4] He also noted that Dimon said “we should all get adjusted to” more normalization of interest rates, and that “America’s the most prosperous place on the planet.[5] We’ll be fine.[5]

0. “Jim Cramer says six things must happen before the market selloff can end” msnNOW, 21 Feb. 2023,

1. “Dimon Says the US Economy Is Facing Some ‘Scary Stuff’ Ahead” Bloomberg, 23 Feb. 2023,

2. “Jamie Dimon Says Soft Landing Possible for Economy, but Warns of ‘Scary Stuff’” MarketBeat, 24 Feb. 2023,

3. “Jim Cramer says six things must happen before the market sell-off can end” CNBC, 21 Feb. 2023,

4. “Jim Cramer Says Market Volatility Reflects Back-And-Forth Public Sentiment” NBC 5 Dallas-Fort Worth, 23 Feb. 2023,

5. “Jamie Dimon says a soft landing is possible, but ‘scary stuff’ is ahead” Business Insider Africa, 23 Feb. 2023,