for not taking more aggressive action in cutting the benchmark interest rate beyond 25 basis points nearly two weeks ago.
"It gives President Trump cover to strongarm ... Fed Chief Jay Powell ... into cutting interest rates more aggressively. Tariffs are inflationary," Cramer said. "Now Trump can use this delay to show Powell ... that there's no real inflation, which will give the Fed more leeway to cut rates. Look for some tweets saying that."
Wall Street rebounded from its Monday avalanche in part because of the short squeeze, which is where investors who bet on the market to fall have to close their bets to avoid losing money. That creates more demand than supply, which shoots stock prices higher. "Put it all together ... you got a vicious short squeeze, where everything that was hated is now loved and everything that was loved is now disliked," Cramer said, and "the stocks that benefit from this stay of execution were big enough to help lift the whole S&P 500."
Cramer said things could get worse for the bears as China deals with a slowing economy and tensions in Hong Kong. Pro-democracy protesters at Hong Kong International Airport caused"I'm betting the Chinese will give in, at least on agriculture, and do some buying," Cramer said. "There's ample opportunity here seeing as there are a bunch of calls scheduled between both sides.
Donald J Trump is a very very very small man. The more you advertise how markets react to his, mouth flatulence, the more inclined he is to fart.
So.....was this a temporary situation? Trump is unpredictable.
Can't believe our economy has been taken over by tweets!
Being unpredictable is how you win!
Ha! Hope Soros was part of that squeeze. 🤗👍
Is he manipulating the stock market ?
jimcramer lost it! He became Mr. Captain Obvious and a Trump pleaser!
We are witnessing a failed presidency in real time. He is not well. As long as he’s at the helm, U.S. will not be well. It will take a decade to recover because of his economic antics.
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:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 'fear gauge' shows the market could be headed for 'choppy waters,' Jim Cramer says'The averages haven't really digested these latest gains, and like we saw last week, big moves higher can result in some serious stock market reflux,' he says. You don’t say. Probably will get worse next year during election season.
Source: CNBC - 🏆 12. / 72 Read more »
Trump just blinked, giving China a possible edge in trade war, Jim Chanos and others saySome influential voices on Wall Street are saying that Trump blinked in the latest exchange with China. Blinks on China and Mexico still ain't paying for the wall. StableGenius You've been wrong about Trump's presidency since 2017, but by-golly you struck gold with this one.... Fake news
Source: CNBC - 🏆 12. / 72 Read more »
Scaramucci compares Trump to Chernobyl nuclear disaster, says GOP may need to replace Trump for 2020'We are now in the early episodes of 'Chernobyl' on HBO,' Anthony Scaramucci said on Sunday. 'The reactor is melting down and the apparatchiks are trying to figure out whether to cover it up or start donaldtrump is an antichildbigot racistinchief rapistinchief bananarepublican MangoMussolini orangepieceoffeces downwithputin puckfutin Sorry Newsweek, this is not a credible source. It’s just another, now apostate,Trump enabler. Get to work and give me some real news for a change. DumpTrump This dudes 15 minutes were up quite a while back
Source: Newsweek - 🏆 468. / 52 Read more »
Cramer: Hong Kong protests 'more serious' than US-China trade war for global marketsThe White House issued a statement this morning about the protests in Hong Kong saying 'this is between Hong Kong and China.' What? Yeh right. They have people over there from the State Dept right in the big middle of it. The deep state is doing its thing like what they did in Ukraine. But they are no match to China soon it will back fire at the US
Source: CNBC - 🏆 12. / 72 Read more »
Possible Trump challenger Mark Sanford would vote for Trump over BidenFormer Governor and Congressman Mark Sanford is mulling a challenge to President Trump next year for the Republican nomination. But he also says that in a potential matchup between former Vice President Joe Biden and Trump, he’d pick Trump. Then he’s no better. DumptheTrumps Then what good is he
Source: MSNBC - 🏆 469. / 51 Read more »
Cramer Remix: The stocks worth owning once the coast is clearJim Cramer warns investors to let the dust settle in this market before committing to the stocks of Dollar Tree and Darden. ❕Be careful ! Bears will play Navarro to make S&P500 below 2800 in September aiming to make America bearish again. Bears makes money while WH pay the cost. MABA will replace MAGA.
Source: CNBC - 🏆 12. / 72 Read more »