Jim Cramer Warns Friday's Jobs Report Could 'Repeal' Midterm Rally, Says Elections 'Did Not Upend' Business…

Benzinga · Namrata Sen · 2026-11-05 09:07 UTC

Jim Cramer warns Friday's jobs report could 'repeal' the midterm rally, arguing elections did not upend the business cycle.

CNBC host Jim Cramer cautioned that a powerful post-election stock rally may not last, as investors await the Labor Department’s employment data for a clearer test of the economy.

Cramer warned on Wednesday that Wall Street could be moving too quickly to price in the midterm elections’ market impact. The "Mad Money" host said election-driven trading could reverse when the Labor Department releases its nonfarm payrolls report Friday.

He argued that investors were making economic assumptions before receiving fresh employment data. Cramer added, “we could see a repeal of so much of this move that I hesitate to guess where we go next."

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