If you haven’t noticed, markets surged on further confidence that a trade deal between the U.S. and China is “VERY” close.
President Donald Trump took to Twitter to announce that an agreement is “very close” and both sides are ready to make a deal.
With the anxiety surrounding the upcoming December 15 tariff deadline that would impact some of the largest U.S. companies, including Apple, it’s no surprised that the tweet saw the Dow Jones industrial average touching an all-time intraday high in early trading.
While include this tweet with the many tweets Trump has shared on the subject of China, Cramer says this time is a little different for one key reason. “[Trump said] they want a deal and we want a deal; usually it’s just ‘they want a deal,’” Cramer said.
Cramer said the news sent many investors scrambling to buy Apple (APPL) after having sold it following weeks of negativity surrounding the trade war with China, with Apple soaring near its 52-week high.
It’s important to note that the stakes are now higher as Trump meets with his top trade negotiators, including Robert Lighthizer and Steven Mnuchin.
Is a trade deal all but signed? Only time and the next Trump tweet can tell.
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