Baking It In: Cramer's 'Mad Money' Recap (Thursday 5/23/19) [TheStreet.com]
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Baking It In: Cramer's 'Mad Money' Recap (Thursday 5/23/19) Until all of the negative trade news is fully baked into the stock market, investors need to remain cautious, Jim Cramer warned his Mad Money viewers Thursday. Other markets, like oil and U.S. Treasuries are already assuming the worst, Cramer said, but so far stocks have not followed suit. The fact is that the trade wars are about a lot more than trade; it's about China becoming the first country to challenge U.S. supremacy in several areas. That's why many of President Trump's advisers talk more like 1980-style Cold War warriors than trade negotiators. Neither side is feeling overly compelled to compromise, Cramer said, and for the first time, our government is willing to take action against bad actors like Huawei. Cramer said while Trump may say that China ultimately pays for tariffs, in reality, they're a tax on U.S. consumers and earnings estimates must be adjusted downward to reflect the new reality. Tru
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