Jim Cramer: Stock market will 'blast' past current levels if trade questions are resolved
While Cramer conceded he's not a neutral observer, since the two men"I thought he might be blowing smoke, so I gave him a chance to dial the whole thing back, take back his comments by asking about both points a second time," Cramer said of his former CNBC colleague.Robert Lighthizer"Lighthizer and Kudlow are typically in opposite camps when it comes to the trade war," Cramer said, with Lighthizer holding more hard-line principles.
"Now normally when Larry says something positive, the hardliners shoot him down a few days later," Cramer said. "If they've already signed off on his statements, though, while doesn't that make it a very different story?"That's because the uncertainty around both these trade issues is holding back the economy — "and thus the market," Cramer said.
"We could get a really positive domino effect if we pass the NAFTA replacement bill and then start getting even small concessions out of China," Cramer said. "In that scenario, earnings will explode for the weakest part of the economy, the industrials." Beyond that, Cramer said long-term interest rates should begin to inch higher, putting a stop to the inverted yield curve and the need to "worry so much about" the actions of the Federal Reserve.
"Will Larry be right? I don't know, but it's a real possibility," Cramer said. "And after this morning, you need to start factoring it in before you start doing a lot of selling right into this market."
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
'These not-as-bad-as-feared quarters are good news for shareholders,' Jim Cramer saysMixed-earnings reports from Union Pacific, Honeywell and Johnson & Johnson, among others, spell good news for shareholders.
Read more »
Everything Jim Cramer said about the stock market on 'Mad Money,' including big bank earnings, Marc Benioff interview, health stocks and Wex CEOJim Cramer talks earnings and stock rotations, sits down with Salesforce co-CEO Marc Benioff and corporate payments Wex CEO Melissa Smith, and explains why UnitedHealth shares jumped on a good quarterly report.
Read more »
Cramer: Democrats must stop talking about business as 'the center of all evil'The Democratic candidates have to stop saying that “business is the center of all evil,” MadMoneyOnCNBC’s JimCramer said after last night’s debate. “Business is the greatest platform for change today.”
Read more »
'Office' Star Jenna Fischer on Chrissy Teigen's Jim & Pam Divorce TheoryJim and Pam probably went the distance 10 years later, according to Beesly herself.
Read more »
Greg Berlanti, Jim Parsons Team for LGBTQ-Focused Docuseries at HBO MaxThe four-part series marks the first show to come from Warner Horizon Unscripted TV's new documentary series unit.
Read more »
HBO Max Orders LGBTQ Movement Docuseries From Producers Jim Parsons, Greg BerlantiHBO Max has commissioned a four-part docuseries on the history of the LGBTQ+ movement. Titled “Equal,” the series will explore the true stories of leaders and activists of the movement.…
Read more »