Cramer’s game plan: Oil shock is driving this sell-off and tech won’t bottom until it ends
By Paulina Likos
Published on March 27, 2026.
CNBC's Jim Cramer has outlined his game plan for the upcoming week, focusing on the relentless rise in oil linked to the Iran war, which continues to pressure stocks. Stocks ended lower on Friday, with the Nasdaq down 2.15%, the Dow Jones Industrial Average dropping 1.73%, and the S&P 500 falling 1.67%. Cramer suggested that one trade consistently performing well is to buy oil stocks. This has led to a rotation out of tech stocks, including Nvidia, and investors are now favoring oil drillers. He also noted that the market's pressure is unlikely to ease until the Iran conflict ends. Cramer highlighted that while the recent declines are not just about tech, they are about what happens when inflation and higher interest rates are combined.
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