Mad Money w/ Jim Cramer 7/8/26

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**Jim Cramer** (1:01)
My mission is simple, to make you money.
I'm here to level the playing field for all investors. There's always a bull market somewhere, and I promise to help you find it.

**SPEAKER_5** (1:12)
Mad Money starts now. Hey, I'm Cramer. Welcome to Mad Money.

**Jim Cramer** (1:19)
Welcome to Cramer. How's it going, friends? Just trying to make a little bit of money. My job is not just to entertain, but to do some educating, so call me at 1-800-743-CNBC.
Tweet me, at jimcramer. Lots of folks were sweating bullets today after the president said he wants to tear up the truce with Iran and hit them hard.
Calling the government scum.
The president seemed genuinely hurt by multiple Iranian attacks on shipping through the Strait of Ramos, in defiance of the so-called ceasefire, so we have no idea what he's going to do next. Of course, we've seen this movie before, and we know that the end result tends to be higher oil prices and not much else.
The market's action today reflects that 11 Dow plunging 577 points, S&P sinking 0.28%. Nasdaq ending up, though, 0.2%, even as the start of the day almost as ugly as the other two averages. See, the president's diatribe sent any interest rate sense of consumer stocks lower, undid that nascent beautiful rotation of the food and drug stocks, and crushed anyone who dipped into the travel, leisure, and aerospace place. And look, I can't deny the short-term importance of Trump's bellicose rhetoric. But at least when it comes to the stock market, I'm a lot more worried about something else. I'm worried about the supply, specifically, the flood of new equity and bonds that have been undated this market, sopping up a lot of sideline capital. I'm a lot more concerned about that than I am about the traffic in this trade of Hormuz. Let me explain.
You know I've always said that excess supply, too much stock than the market can handle, can kill any bull market.
And I do fear it's getting to be too much right now. If the issuers and the investment banking minions don't rein things in, pull back a little, I think the bull is going to get hurt. After the beating that the market's taken, particularly tech, we need to talk about equilibrium and whether we finally breached it. We need to know, because the next thing after equilibrium is a sudden irreversible glut, and that's exactly what we saw in the.com collapse. Before I walk you down this trail of tears, let me just say we're not there yet. So far the market's hit on the new supply like a champ, especially when you consider the president's near constant saber rattling. So what I'm telling you is, and if anyone tries to misinterpret me, I will refer to this paragraph or whatever I'm saying right now, which is, this is not a get out now top of the show. I'm not doing that. Instead, my attitude is that we've got to proceed with a little more caution, because we're besieged with the new and the secondary amount of stock, and it's a staggering amount, a staggering amount of both equity and debt, issued just since the beginning of June, including over $180 billion just in three companies. There was a $45 billion slug from Alphabet, which is part of a broader $85 billion offering. There's an $85 billion IPO of SpaceX when you included the green shoe, coupled with a $25 billion in SpaceX bonds. Then there was a $25 billion bond offering from Amazon. Those sopped up a gigantic amount of capital that was meant for a lot of stocks. That could really hurt. Of course, those particular deals were solid. You're still up on Alphabet and SpaceX, you participated in the offering. Although if you're in much worse shape, if you chase the stocks afterwards, what matters though is where they priced the deals. Which brings me to two very worrisome signposts that show a yellow light on supply. One that could easily give way to a red light if we're not careful, especially when you consider some of these recent debt deals, like the shaky one we just got from Amazon. The first came from the loss-making Rivian, that's the electric car company. The stock was motoring of late. It's going from $13 in May all the way to $20 on Monday.