Cramer: Investors buying stocks on trade optimism are totally misreading the situation

  • 📰 CNBC
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Investors are under a false impression that 'we may be having a thaw in our trade war with China,' Jim Cramer says.

by Beijing to exempt 16 types of American products from additional tariffs, including food for livestock, cancer drugs and lubricants.

On Thursday, the Dow Jones Industrial Average saw its seventh positive session in a row for the first time since May 2018. It is now on pace for its third positive week in a row along with the S&P 500 and Nasdaq. While the postponement is a positive development, Cramer said investors have to remember why Trump began the trade war in the first place.

"He was focused on the trade deficit," Cramer said. "If the Chinese Communist Party had simply stepped up and bought a lot more goods from the United States, they probably could've nipped this whole thing in the bud." "But they didn't," he continued. "And now the president's digging in his heels, insisting that China address all sorts of inequities — the stuff that really matters, as far as I'm concerned. That's why the Chinese response to the president's two-week reprieve is so tone deaf. We're way too late in the game for him to be appeased by a soybean buy."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Cramer is a bullshitter! As usual

So Mark Haines is rolling over in his grave?

Go talk to your assoc. Yun Li!!!! Fake News Woman!

Get over it Jim

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks rally as Trump delays tariffs on China — Cramer and other experts weigh inStocks rallied after President Trump made 'small concessions' to China on trade, and the European Central Bank made dovish moves. Three experts break down what comes next. TradingNation “Experts” lmao TradingNation Yun Li? Who is this woman? TradingNation Good !!
Source: CNBC - 🏆 12. / 72 Read more »

Buy the stocks of high-quality companies in the market that investors are dumping, Jim Cramer says'If this market wants to toss out high-quality merchandise, let their trash be your treasure,' the 'Mad Money' host says. Are you sure you want to pull this shit again Jimmy? Remember what happened last time because most of us haven’t forgiven you
Source: CNBC - 🏆 12. / 72 Read more »

Everything Jim Cramer said about the stock market on 'Mad Money,' including how to play the rotation, gold and bond prices, and VMwareJim Cramer says buy the stocks of high-quality companies that big funds are selling, gold and bond prices could be peaking, interview with VMware COO and AT&T What a flattering pic. msnbc cnn cnnbrk MSNBC_Breaking Morning_Joe jheil mikebarnicle jimcramer MadMoneyOnCNBC SquawkCNBC SquawkStreet cnbc markets TheStreet WSJmarkets Caption: 'The stock market MENTALO' I love Jim CRAMER. He's so entertaining & likable. Above all, he knows his stuff.
Source: CNBC - 🏆 12. / 72 Read more »