Jim Cramer ascribes market rally to Trump's victory and pro-big business policies

CNBC's Jim Cramer said Wednesday's session reflected investors who were relieved the contentious election had come to a decisive end and were preparing for what a Trump administration means for the business world.

"Let's understand that many people thought we'd have a contested election, which would cause tremendous uncertainty," he said."The fact that we already know the winner is a huge win for the stock market in itself, which makes it a magnet for new money.""Let's understand that many people thought we'd have a contested election, which would cause tremendous uncertainty," he said.

But he pointed out that the market reached record highs during the Biden administration. He wondered what kind of action lies ahead with Trump at the helm, a man who's always had a fervor for Wall Street. "The ironic bottom line is it'll be tough to exceed the Biden regime when it comes to the stock market. Biden was no friend to stocks, but the market went up anyway," Cramer said."Who knows how high they can go with a president-elect who always told me that the Dow Jones Industrial Average was his version of the Nielsen ratings.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Jim Cramer explains why it's not clear which stocks will rally under Harris or TrumpCNBC’s Jim Cramer explained that few sectors are currently obvious winners or losers under either candidate’s administration.
Fuente: nbcsandiego - 🏆 524. / 51 Leer más »

Jim Cramer lists 10 stocks that could do well under Harris or TrumpCNBC’s Jim Cramer on Election Day identified stocks that could perform well with either presidential candidate in the White House.
Fuente: nbcchicago - 🏆 545. / 51 Leer más »

Jim Cramer's top 10 things to watch in the stock market Wednesday: Trump victory editionWall Street surged Wednesday after Donald Trump defeats Kamala Harris in the presidential race.
Fuente: CNBC - 🏆 12. / 72 Leer más »

Jim Cramer says the market for mergers and acquisitions will be back under TrumpCNBC’s Jim Cramer on Wednesday told investors the Trump administration is more likely to allow mergers and acquisitions to go through.
Fuente: NBCPhiladelphia - 🏆 569. / 51 Leer más »

Jim Cramer says Nvidia-led chip rally continues as bull market enters third yearShares of the leading maker of AI chips soared more than 1,000% over the past two years.
Fuente: CNBC - 🏆 12. / 72 Leer más »