Jim Cramer gives investors his playbook for how to make money on the U. S.-China trade truce.
Now that China and the United States have tentatively agreed on a trade truce, CNBC’s Jim Cramer wanted to give investors the best strategies for profiting from the developments.
The 90-day cease-fire, struck by Presidents Donald Trump and Xi Jinping at the G-20 summit over the weekend, sent stocks higher in Monday’s trading session on renewed hope that a deal would be made in the three-month window. The market got an additional boost on news that China may make significant concessions as a gesture of good will.
„If you want to understand what’s working in this market, you need to think like a Chinese bureaucrat — not like a portfolio manager — a Chinese bureaucrat who’s trying to make President Trump happy,“ Cramer said Monday on „Mad Money.“ „If China wants to show President Trump some good faith, what can they do?“
First, China will likely spend more money on U. S. agriculture products, raising grain prices, giving farmers more money to spend on supplies and thus sending the stocks of agriculture machinery makers like Deere & Co.
