Stocks were on the rise in intraday trading on Monday, fueled somewhat by the possibility of a coronavirus relief package being pushed through Capitol Hill.
President Donald Trump spent the weekend at Walter Reed Medical Center, recovering from Covid-19. While Trump's medical team was positive about his prognosis, some observers questioned the official details of Trump's health. Trump's blood oxygen level had dropped twice in recent days, and doctors had given him a steroid to treat his symptoms.
Renewed hopes for stimulus talks between House Democrats and the White House also were giving stocks a boost.
Trump tweeted from the hospital over the weekend that “OUR GREAT USA WANTS & NEEDS STIMULUS.”
“WORK TOGETHER AND GET IT DONE. Thank you!” he added.
House Speaker Nancy Pelosi said Friday that Trump's diagnosis "kind of changes the dynamic" of the stimulus discussions.
Asked Sunday whether the tweet from Trump meant a coronavirus relief package was near, Pelosi responded, “No, it means that we want to see that they can agree on what we need to do to crush the virus.”
Stocks ended lower Friday after Trump said he tested positive for the coronavirus and the U.S. added fewer jobs in September than forecast.
So, what does Jim Cramer make of this market?
Cramer said markets Monday are signaling a belief that stimulus is "more likely than not." Watch more in the video above.