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Jim Cramer warns against investing based on Trump tweets

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CNBC’s Jim Cramer on Wednesday warned investors not to buy or sell stocks based on what President Donald Trump tweets.

The “Mad Money” host cites Tuesday afternoon’s tweets from Trump ending broad stimulus talks, which sank stocks, and then Tuesday night’s tweets supporting a piecemeal approach, which boosted stocks.

“This is what happens if you invest by tweet,” Cramer said on “Squawk on the Street,” as most stocks in the S&P 500 opened higher Wednesday. “If you’re just going to look at the president’s tweet, you’re just going to end up on the wrong side of the trade.”

Cramer suggested that trading on a presidential tweet is a risk because there’s no way to discern nuance in Twitter…



Source cnbc.com

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