Stocks reached record highs on Friday. TheStreet'sAction Alerts PLUS Portfolio Manager Jim Cramer said the rally was based on retailers and industrials.
Cramer said if Trump's border tax is dead, shares of Nike (NKE) , Columbia Sportswear (COLM) and Sketchers (SKX) are poised for gains.
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
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