Looking forward to the coming week, Cramer wondered which President Obama would show up to CNBC’s Town Hall on Monday. Would it be the old business-bashing, “now is not the time for profits” Obama? Or the new, much-loved-by the-market Obama, who endorses tax breaks, write-offs and cuts for America’s businesses and its middle class?
The answer to those questions, “I think,” Cramer said, “is going to color everything” next week.
So, too, could the Federal Reserve meeting on Tuesday. The central bank must show some sign that it understands August was a soft patch in an otherwise improving economy. One with better retail sales and a stronger employment market, which needs to be confirmed in Thursday’s jobless claims number.