
Jim Cramer, a prominent financial commentator, has indicated a potential shift in Wall Street's focus from the Federal Reserve to President Donald Trump following his recent inauguration. Cramer noted that Trump's hands-on approach with major businesses, particularly in the technology sector, contrasts with the more predictable stance of Fed Chair Jerome Powell. This shift in attention may influence market dynamics, as major averages appear to reflect the excitement surrounding Trump's presidency. Cramer cautioned investors that not all of Trump's public statements will translate into solid investment opportunities, particularly for sectors such as oil services, which may not see immediate gains under the new administration. The Dow Jones Industrial Average reportedly rose by 1,000 points within Trump's first three days in office, underscoring the market's initial positive response to his leadership.
.@jimcramer on Thursday told investors that President Donald Trump’s comments, however highly-publicized, will not always yield solid investments. https://t.co/7T1GJ5CPmj
Major averages are mirroring the excitement that President Trump generates — @jimcramer on @MadMoneyOnCNBC
Jim Cramer: Not all Trump comments are investing opportunities https://t.co/YXN4l4n1P5