Are you familiar with Jim Cramer’s market sentiments and how they influence investors’ decisions? Hold on to that thought. Jim Cramer has indirectly endorsed Kamala Harris as the 47th president of the United States.
If you have been in the trading space, whether crypto or stocks, then you know who Jim Cramer is. The Mad Money market commentator almost never gets anything wrong. His mode of approach? He says what he does not mean.
Traders always know to do the opposite of what Jim Cramer advices. Many have branded him the “Inverse Jim Cramer.”
Now, Cramer says Kamala Harris will take the White House, predicting a defeat for Trump in the election. Big prediction or expected result?
Cramer has argued, “I don’t see how he (Trump) wins.” To that, a user on X has said, “And just like that, Trump wins.”
CNBC’s Cramer told investors how a possible Kamala Harris administration might affect the market in July. He suggested her policies would be better for mega caps and international outfits.
Jim Cramer’s take on Kamala Harris
What could happen if Harris ends up becoming the next president? Jim has predicted that she would be an absolute boon for both American businesses and the stock market. Cramer’s take on Harris as POTUS is that:
“If you’re looking to invest in tech, you want a world where tech has a voice in Washington, not slashed vocal chords under Trump or on mute under Biden […] If you own many stocks of international companies and you want to vote your portfolio, Harris is more likely to help than hurt. That’s more than I can say about everyone else.”
Jim Cramer
According to Cramer, Biden seemed to hold the opinion that “big business is bad business,” whereas Harris takes a “more nuanced approach.” Cramer said Harris appears to be in constant communication with Big Tech authorities.
When President Biden was still in the presidential election, he took a far more aggressive approach to corporate America. According to CNBC, he underlined the necessity of “fighting against big money interests to protect workers and consumers.” But Kamala takes a different Stance.
Cramer said Vance is a staunch advocate for small U.S.-based businesses. He argues that if Trump wins the election, this could pose problems for many global companies, including U.S. companies that do business in other countries.
“With a Trump-Vance ticket, there can be no doubt: The old, free-market Republicans have been obliterated […] In their place is an America First withdrawal from the rest of the world, where all the money and the industry is left here, tariffs go up, and the government makes it much harder for businesses to move their operations overseas.”
Cramer
Cramer says these major international corporations could be positively impacted if Harris wins. The same is true for individual investors who have invested in these companies. Polymarket bets have turned against Kamala Harris in October.
Kamala Harris gave a speech late last year in which she addressed small business owners and entrepreneurs in the United States and her and Biden’s plans to support them. Recently, she has become famous for her middle-class sentiments.
“America’s economic future looks bright,” she said. “President Biden and I will keep fighting to move our nation forward. And that includes expanding support and access to capital for small-business owners.”
