Jim Cramer breaks down the Fed drift ahead of the Fed's decision, which will be released Wednesday, Facebook's Libra whitepaper, and shares three stocks that he's keeping a close eye on.
Donald Trump's Got Some Good News About Tariffs
President Trump sent markets into rally mode after he tweeted that he and President Xi of China had agreed to meet next week at the G20 summit in Japan.
Had a very good telephone conversation with President Xi of China. We will be having an extended meeting next week at the G-20 in Japan. Our respective teams will begin talks prior to our meeting.— Donald J. Trump (@realDonaldTrump) June 18, 2019
Is the Fed Drift Moving Markets?
The markets were showing the potential of a rally throughout trading Tuesday even before Trump took to Twitter.
While Cramer has stated before that he believes that the Fed will be playing the waiting game this time around, the markets should be happy regardless.
"Yeah ... it's kind of, as I said yesterday in Real Money, it's a win-win, we're in that rare period where we would win no matter what. We'll win if the economy was weak because of any cuts, we'll win if the economy was strong because then we won't need any cuts, it's a very unusual situation," Cramer said.
Facebook Launches Libra
Real Money Stock of the Day Facebook released the white paper for its Libra cryptocurrency.
Monday morning, over on Cramer's exclusive members-only Action Alerts PLUS Daily Rundown show, Cramer broke down his thoughts ahead of the white paper, calling Libra the "anti-Facebook."
What does that mean? Jim Cramer says the crypto transactions will be private, which means you can't crack it, and that is "anti-Facebook."
What Else Does Cramer Have His Eye On
Outside of Facebook and the Fed news, here's what else Jim Cramer is watching today.
"I'm watching a lot of stocks that shouldn't be up," Cramer said.
Related. Dawn of the Fed
More From Cramer Today
Ask Cramer: 3 Signs a Market Has Gotten Frothy