Financial guru and the host of CNBC's 'Mad Money' show, Jim Cramer, believes that the US market tipped its hand on Tuesday as stocks rallied hard while Treasury yields declined on the hope that the US-Iran war will end soon.
Cramer described yesterday's market rally as a 'dry run of what will ultimately occur.' US equity indexes surged by over 2% after multiple media outlets, including The Wall Street Journal and the New York Post, reported that President Donald Trump informed aides that the US is willing to end military operations in Iran even if the Strait of Hormuz remains largely shut.
