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Why Jim Cramer Wants to See the Nasdaq Lower at Market Close

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There are over nine million cases of the virus worldwide, with over 472,000 deaths.

The U.S. has over 2.3 million cases with over 120,000 deaths.

The major indices were in the green in morning trading after President Donald Trump said the U.S.-China trade agreement was "fully intact" following comments from a senior advisor that the accord was "over."

White House trade advisor Peter Navarro said the trade agreement between Washington and Beijing "continues in place," reversing comments he had made in an interview with Fox News in which he said "it's over" in regard to the trade deal.

“My comments have been taken wildly out of context. They had nothing at all to do with the Phase I trade deal, which continues in place. I was simply speaking to the lack of trust we now have of the Chinese Communist Party,” Navarro said, walking back his comments.

Jim Cramer took to Real Money to talk about the market and his thoughts.

“There's a fatuousness right now to the rally that isn't just about how the direction of the entire market seems so out of sync with the nation's record joblessness. Oh, it's not something worth selling everything for. It's much more a series of annoyances that aren't disciplined and, ultimately, could prove to be reckless. Let's call them peeves, until there are so many that they are something larger and more nefarious to the bull,” he wrote Tuesday morning.

So, what does Cramer want to see by the end of the trading day?

"Nasdaq down," he said. Catch his reasoning why in the video above. 

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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