showed a decline in September. While the case is compelling, he urged investors that it's the wrong way to view the market.
"The single biggest prop behind the recession thesis is the president's trade policy, but maybe not the way you think," Cramer said. "Trump's tariffs on Chinese exports have done real damage to the Chinese economy, the second largest in the world. As China falters, it is taking the rest of its trading partners with it, especially Europe."
Cramer went on to attribute Tuesday's market decline to other factors. With the calendar year rolling into the fourth quarter, mutual funds are taking profits — especially in a market that's overbought — to allow their investors to prepare for tax planning, he said. The latest class of initial public offerings that buyers have little interest in is also weighing down stocks, he added. There are also worries about trade negotiations and politics, the host said.
pump that bubble, baby!!!!!
GlobalDebtBubble
Cramer is a cheerleader & con, stocks are trading at 144% of GDP & more expensive than any other time in history with the possible exception of 2000. The man clearly knows better
Shopify?
But this weakness will continue....
A bit early no?