"I think that the whole world seems to be misinterpreting Trump," said Jim Cramer during the June Action Alerts PLUS members' call.
While many have taken President Donald Trump's foreign policy to mean that the Cold War is over and the threats from Russia and North Korea diffused, Cramer sees another version of reality. According to him, Trump's policy means "many countries that needed to start defending themselves instead of us defending them."
"It is senseless to trade these on headlines and ignore the global expansion of defense budgets...They are the secular winners in an era where we will no longer pick up the tab for others to defend them. We aren't rich enough," Cramer said.
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