CNBC's Opening Bell segment features Jim Cramer discussing a market pinned near the 7,700 level. He expects data center stocks to lead the open as cost pressures are tamed and warns that KOSPI weakness has become a scary risk signal for U.S. stocks. Cramer also criticizes retail speculation in leveraged ETFs, zero-day options, and prediction markets as dangerous gamification.
- Market indexes are pinned around the 7,700 level for several weeks.
- Sector support has come from health care, financials, transports, and retail.
- Cramer sees data center stocks leading the open as costs are tamed.
- He flags a scary KOSPI-to-US-market correlation where KOSPI weakness hits U.S. stocks.
- Korean retail 'ant' investors chased leveraged ETFs and got burned.
- Cramer likens leveraged ETFs and 14-leg parlays to candy and gambling.
- He criticizes zero-day options, day trading, and prediction markets for gamifying stocks.
- Cramer says he complained to the SEC and found the SEC lenient.