CNBC’s Jim Cramer said Wednesday he sees a number of worrisome factors that are likely to contribute to market volatility in September, beyond just the fact it is a historically tough month for stocks.
Here’s what the “Mad Money” host is concerned about:
1. Negative pre-announcements
This week, three companies — paint makers PPG Industries and Sherwin-Williams, as well as homebuilder PulteGroup — issued pre-announcements to lower guidance about their current quarters, warning that supply chain problems and materials costs are causing challenges that could lead to worse-than-expected results.