Jim Cramer shared his thoughts on the potential impact of a second Donald Trump stock market presidency.
What happened:Cramer suggested that overall market sentiment could improve if Trump is re-elected, CNBC reported.
He explained that Trump’s reliance on the stock market’s performance to judge his own performance could lead to measures that result in a more bullish market.
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“If you think Trump has a better chance of being president, the general tone of the stock market will improve, if only because the man can’t stand to see it go down, because the major averages are the barometer he uses to measure his own approval of his job.”
“Whether you hate it or love it, it’s good for your wallet.”
He also predicted that the Trump administration would likely be more lenient on mergers, which could benefit companies like Kroger Co. (NYSE:KR) And Tapestry Inc. (NYSE:TPR).
Additionally, Cramer suggested that Trump’s favorable stance on gas and oil could be advantageous for companies like New Fortress Energy Inc. (NASDAQ:Non-formal childhood) And Cheniere Energy Inc. (NYSE:LNG).
However, Cramer warned that a Trump presidency could lead to stricter trade regulations, particularly with China, which might not bode well for companies like Nike Inc. (NYSE:OF) And Starbucks Corp. (NASDAQ:SEX).
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He also highlighted Trump’s long-standing interest in the stock market, saying: “He loved to joke about the stock market, he appeared on this show several times because even though he was in real estate, he loved stocks.”
Why is this important?:The 2024 election cycle has seen some significant developments, including an increase in Trump’s chances of being elected after the first debate. Trump’s odds of winning in November have increased to 64%, according to blockchain oddsmakers.
Trump also made a notable shift in his stance on cryptocurrencies, pledging to revamp Biden’s regulatory framework for digital assets. The shift reflects his broader strategy to connect with the growing number of crypto supporters.
During the presidential debateTrump also criticized Biden’s handling of tariffs and trade policies, warning that China’s economic actions could lead the country to gain undue influence over the United States.
These factors could have significant implications for the market if Trump is re-elected.
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This item Jim Cramer Says Trump’s Return to the White House Could Be ‘Good for Your Wallet’: ‘Hate Him or Love Him’ originally appeared on Benzinga.com
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