CNBC's Jim Kramer on Thursday lamented the negative emotions surrounding the economy, believing the White House is currently projecting it. Wall Street response caused the average to fall.
“Every day, the business world is amazing, so there's something to celebrate in the business world,” he said. “If the administration emphasizes that, we will be in much better shape. Trust me, the bad guy doesn't need your help. It reveals all the words in its own right.”
Investor fears about President Donald Trump's pushy tariff policies and uncertainty about their development continued to show the weight of the market during Thursday's session. S&P 500 It ended the day of revision, sinking 1.39%, and just over 10% from the record end. Dow Jones Industrial Average Overcoming the decline on the fourth day, 1.3% was lost, Nasdaq Composite We lost 1.96%.
Cramer said he did not suggest that current economic issues would be ignored. Instead, he says Trump's “painless, profit attitude” is not working, leading to a distorted view that everything in the corporate sector is going badly, focusing on negativity. The Trump administration also failed to properly explain why the new tariffs are beneficial to the country, he added. And while the government can control messaging, while it can control the entire economy, Cramer continued. He suggested that perhaps officials should “celebrate people's firing, or not swing chainsaws like Elon Musk,” instead focusing on ensuring better trade deals with other countries.
He pointed out some developments that I found constructive, such as the strength of the dollar store company's inventory and how Wall Street was impressed. IntelThe new CEO pick has sent shares that are up 14% or more. Cramer also brought up new economic data suggesting that inflation is slowing. This could open up a way for the Federal Reserve to cut interest rates.
“I want to emphasize the positivity because when you're the president of the United States, you can actually create a negative mood that hurts the whole country, even if it's not intentional,” he said.
The White House did not immediately respond to requests for comment.
