GameStop, AMC, and FAANG are some of Cramer's Mad Money remakes

GameStop, AMC, and FAANG are some of Cramer's Mad Money remakes ...

Make no mistake, the Federal Reserve wants to take the air out of our economy, according to Jim Cramer on Tuesday. That''s good news for inflation and the long-term health of our economy, but it''s also bad news for the bulls.

The Fed continues to fight. Look at this past market craze, which has become almost uninvestable.

Remember the meme stocks? While they remained great, here''s how GameStop (GME) - Get AMC Entertainment Holdings, Inc. Class A Report, Corsair (CRSR) - Get Wendy''s Company Reportand both report and in half.

Then there''s housing, where a combination of home price inflation and rising interest rates has created the worst affordability we''ve ever seen in decades. Home builders and everything that goes into a home is coming down hard.

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So on the other hand, with banks, which were expected to prosper because of rising rates. Nevertheless, if a recession is approaching, these rates can''t compensate decreased loan volumes.

FAANG (Cramer''s acronym for Facebook/Meta Platforms (FB) - Get Amazon.com, Inc. Report, Netflix (NFLX) - Get Alphabet Inc. Class A Reportofficially died this quarter as Netflix single handedly removed the entire streaming sector with horrifying numbers.

Add to that semiconductors, e-commerce (yes, we''re looking at you, Amazon) and just about all of last year''s IPOs and SPACs, and it''s evident that the carnage in this stock market runs deep.

What will tomorrow hold? Tomorrow will be the first day of the Fed''s decision on interest rates.

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