'The day-to-day action is going to favor the slowdown stocks and wreak havoc for the industrials, the technology stocks, and worst of all the financials,' Jim Cramer says.
, blaming the change on trade tensions between the world's largest economies.
"I'm also a student of the market and the bottom line is that as a student of the market, I know you can't fight this bearishness short-term," the host said.
Cramer went on to lay out four areas that investors could place their money in the uncertain market, including gold, safe dividend stocks, staples and retailers that have large scale. In the gold sector, the host said the asset works in a low interest rate environment as "insurance against economic chaos." He pointed out gold miners, such as
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