What Cramer is watching Wednesday — oversold market bounce; promising Alzheimer's drug

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Jim Cramer astatine the NYSE, June 30,2022.

Virginia Sherwood | CNBC

What I americium looking astatine Wednesday, Sept. 28, 2022

The 10-year Treasury yield concisely topped 4% aboriginal Wednesday for the first clip successful 14 years earlier pulling backmost some. The 2-year yield, which has been ripping higher, eased to astir 4.15%. U.S. banal futures turned positive. The Bank of England intervened successful the enslaved marketplace successful a determination to effort to stabilize the falling British pound. Bank of England saves? Exactly what? Unlimited buying of bonds. Holy cow. Our trusted S&P Oscillator astatine minus 12.6. That indicates highly oversold conditions. It really went down from Tuesday's lowest-since-early-Covid speechmaking aft the S&P 500 dipped to different carnivore marketplace low.

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