He praised its blind eye to the recent Deals of Doom trade negotiations. He said that investors are suffering from “tariff ennui” that is the result of protracted uncertainty over large trade agreements. Cramer thinks this failure of response is a sign that a fixation on trade isn’t an important economic focus.
On this last point, Cramer strongly stressed that tariff negotiations will likely be stretched over the next few months. This lengthy timeline can create investor fatigue. “Right now, we’re presuming these tariffs don’t matter,” he noted, emphasizing that the focus among investors is shifting away from trade issues.
He called this week the most important week for Wall Street. “This week is a beast of its own and nobody on Wall Street is going to care about trade policy until the week is over,” Cramer stated. He stressed that investors are now paying attention to upcoming earnings reports. They are monitoring very closely the nation’s unemployment statistics and the next Federal Reserve meeting. In this context, he ranked tariffs as a low priority: “What matters is earnings, unemployment, the Fed meeting and — you know what — dead last, tariffs.”
Cramer discussed the market’s performance, particularly since those post-Liberation Day lows. Yet he pointed to a rebound that seems to have little to do with progress on a trade deal. He indicated that some players in the markets are looking for additional prods to jump back into the stock market. He suggested that a “sweetener” be offered to juice up new investment.
Cramer is counting on former President Donald Trump to continue to beat the drum for a cut. This push would occur regardless of the outcome of Friday’s labor report. He echoed Republican worries about the possible money chaos erupting from Trump’s whims. He cautioned, “We’re about to see a level of presidential hectoring that’s going to be painful for the markets.”
Cramer’s smart analysis is representative of the confusion felt by all types of investors as they face an uncertain and challenging economic climate. His public commentary through social media platforms such as Twitter and Facebook have turned heads. He always provides helpful insight into where the markets are going. His CNBC Investing Club, which he hosts, is another great place to tune in for anyone looking to get a peek under the hood of his formulas.