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Why Jim Cramer Is Scaling Back Some Stock Positions Amid Market Rally

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Stocks were rising in intraday trading on Wednesday, Nov. 4 as Americans wait for the results of the 2020 election. 

As of Wednesday, neither President Donald Trump nor former Vice President Joe Biden have reached the necessary 270 electoral college votes to win the election.

Late last night, Biden spoke to a crowd in Wilmington, Delaware and sounded optimistic, preaching patience as votes are counted in various states.

President Donald Trump spoke to a crowd in the White House at around 2:20 am E.T. and claimed that he had won the election. However, neither candidate has reached 270 electoral college votes.

WATCH: Everything Jim Cramer Is Watching in Markets Wednesday

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