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

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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."

 

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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

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