Economic data over the coming weeks could have a big impact on bank and tech stocks, Jim Cramer said.
Add to that gumbo the chilled venture capital markets, and it's no surprise, Cramer said, that SVB Financial, which executed a large capital raise this week, is taking a bit of a hit as a potentially risky bet.
Crypto's well-documented collapse means that Silvergate's action, while overly punishing, is unsurprising, Cramer said. But there's hope on the horizon with two sets of economic data set to come out in the coming days: February employment number and the nonfarm payroll report. Cooling and weaker numbers for those reports, respectively, could be a boon for financials and for tech stocks, Cramer said.
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