Wall Street hasn't seen the last of these brutal sell-offs, but 'there's almost always a bounce after the worst of the carnage,' Jim Cramer says.
that American and Chinese officials could return to the negotiating table after another week of trade war escalation.
With the market running in a positive direction, Cramer advised that it's an opportune time to sell some stocks and protect some gains. However, investors must "filter out the emotional day-to-day noise" to understand the situation at hand with a clear-eyed view, he said. In August, the U.S. manufacturing purchasing managers' index slipped under the neutral 50.0 threshold for the first time in nearly a decade, CNBC"There's a visible slowdown in manufacturing as measured by railcar loadings, lumber and plastic pricing, auto sales ... [and] high-end home purchases," he said., that have both good balance sheets and high dividends. Those with money in index funds need to just ride out the volatile market.
Still, the host isn't convinced that the U.S. is likely to strike a trade agreement with China if the country doesn't end its unfair trade practices, Cramer said. The public needs to realize that Trump is willing to let Wall Street take a tumble or two, as he's done in recent memory, in order to use tariffs to pressure Chinese negotiators to make a deal on his terms, he continued.
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