CNBC’s Jim Cramer warns stock investors not to go against President Donald Trump’s Iran war message. Cramer said he felt “encouraged” by Monday’s stock market rally in response to President Trump’s comments about “productive dialogue” with Iran aimed at ending the war. In recent weeks, Wall Street has been weighed down by the escalating conflict in the Middle East. “If you’re a buyer, I’m confident that the president is on your side,” Cramer said Tuesday on “Squawk on the Street.” “I feel like there’s a ‘Trump put,’ so I want to go buy a little bit now.” A “Trump put” refers to the president’s tendency to tweak policy during stock market turmoil, which led to the so-called TACO trade (Trump always stands for Chicken Out). The term “put” borrows the spirit of a type of option contract used to protect against downside risk. The S&P 500 closed 1.15% higher on Monday, but was up more than 2% at the day’s high. “Even though (bond yields) fell in late trading, the bears rallied in late trading. It was a very strange combination,” Cramer said. Cramer acknowledged the lack of follow-through buying on Tuesday, stressing, “If I decide to sell the market, I think I’m going to run into (Trump). I’m going to run into his buzzsaw. I’m not going to run into his buzzsaw.” “It’s very hard not to be constructive (in the market) when he’s being constructive,” concluded Mr. Kramer, who runs the CNBC Investment Club. Earlier on Tuesday, the club put in the money.
