Cramer: It can be the Fed versus China and Putin and stocks hang perilously in the balance

China’s President Xi Jinping and Russian President Vladimir Putin pose with Mongolia’s President throughout their trilateral conference on the sidelines of the Shanghai Cooperation Organisation (SCO) leaders’ summit in Samarkand on September 15, 2022. China holds the “dominant placement” in its romantic relationship with Russia, and Chinese President Xi Jinping is no lengthier prepared for Russia to “act as it pleases”, stated a political analyst pursuing Xi’s initial conference with Russian President Vladimir Putin due to the fact the war began.

Alexandr Demyanchuk | AFP | Getty Pictures