Cramer: Stock Market Doesn’t Care If Trump’s a Liar
President Trump will likely use the China trade impasse to bolster his re-election bid in 2020. | Source: AP Photo / Markus Schreiber
Many pundits claim that President Donald Trump lied when he assured investors that US officials had spoken with top Chinese negotiators about resuming trade talks. Echoing the stock market’s resolute response, Jim Cramer says, “So what?”
In fact, the “Mad Money” host argues that Trump allegedly lying about the trade war is actually a bullish development for the US stock market.
Cramer: Look at President Trump’s Actions, Not His Words
According to Cramer, what truly matters is that President Trump has embarked on a charm offensive to placate an anxious Wall Street.
The subtext is that the US is still at the negotiating table, and the TV host clearly believes the stock market can go higher.
Trump May Have Prevented a Stock Market Crash
A clear escalation in the trade war last week battered US indices, with the S&P 500 and Dow Jones both taking massive hits late on Friday.
Due to the proximity to the closing bell, Jim Cramer noted on Twitter that there could have been a market crash at the open today had the president not stepped in to right the ship.
There is no question that Donald Trump is trying to walk a delicate line between being market-friendly and trying to push a hard line with China on trade.
So far, the president has appeared anxious any time that wild volatility has emerged in the US stock market.
Whether it be a globalist Trump tweet or a warmer tone with allies, Jim Cramer is more interested in reading between the lines than listening directly to what Trump says.
