'I don't trust this market at all' because it's so dependent on Trump tweets, MadMoneyOnCNBC's Jim Cramer said earlier this week.
to last week's U.S. hike — Cramer said Wall Street is nearly oversold and investors should get ready to load up on names that can withstand higher tariffs.
However, in light of the uncertainty around Trump's new tweets, Cramer on Tuesday advised investors to let things shake out, saying there may be a buying opportunity in stocks later in the session. In late morning trading, the S&P 500 was making up about half of Monday's losses, which had sent the index down for a total of nearly 5% from its May 1 intraday all-time high. So far in 2019, the S&P 500 has gained about 13% — and since the crushing Christmas Eve 2018 low, the index has soared more than 20%., China said it will raise tariffs, some to as high as 25%, on $60 billion in U.S.
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