Jim Cramer says most of the market is in or near a bear market, even as the S&P 500 has gained 117% since the October 2022 bottom. The article contrasts a 14.1% year-to-date gain in an S&P 500 index fund with drops in Wells Fargo (down 9.13%) and Capital One (down 16.02%), despite strong second-quarter results. Higher rates are pressuring borrowers, with the 30-year Treasury yield reaching 5.60%. The article says upcoming bank earnings will show whether this view holds, through net interest margin and credit provisions, and notes Capital One's net charge-off rate fell to 3.23%. It concludes bank stocks look reasonably placed, with diversified universal banks stronger than card-heavy lenders.
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Related tickers and likely impact
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/13/2026 | 778.01 |
| Change that session | -0.01% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/13/2026 | 743.57 |
| Change that session | -0.33% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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