Stocks were in full rebound mode in Tuesday’s session, with the Dow Jones Industrial Average DJIA, +0.82% closing up more than 300 points.
But CNBC’s Jim Cramer warns the gains may be fleeting, as President Trump’s itchy Twitter finger looms over the market.
‘Typically, I would say we have a chance to find a bottom, but I think that the president is really in tweet mode… he should knock the tweets off if he wants the Dow to start going up.’
In that same “Squawk on the Street” interview, Cramer explained that he doesn’t trust the bounce amid the “erratic” social-media antics of the president lately.
He pointed to this tweet, in particular:
With tweets like that, Trump is “really disturbing the zeitgeist of the stock market,” Cramer said, adding that investors should let things settle down before jumping back “with both hands and start buying” in this volatile climate.
“What happens if he tweets ‘I hate the Chinese even though I love them’ and that ‘President Xi is the greatest guy but I have to crush him’?” Cramer said before suggesting that Trump should maybe go out and play some golf instead.
Read: ‘Bully us, wishful thinking!’ China preps for ‘people’s war’
Watch the full interview:
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