Businesses want procedural predictability---that’s key to stocks and investments.
Lizzy Gurdus 18. writes for CNBC, Cramer opines on Trump’s Supreme Court pick: He’d be a ‘subtle, but long-lasting win’ for businesses, July 10, https://www.cnbc.com/2018/07/10/cramer-trumps-supreme-court-pick-would-be-subtle-win-for-business.html
“Corporate executives want two things: they want predictability and the ability to run their companies without undue interference from regulators,” Cramer explained. “Kavanaugh is going to give these businesses exactly what they want. He’ll be viewed as a judge who keeps regulators on a short leash, strictly interpreting only what the Congress has asked them to do and nothing else.” But the stock market might not feel the effects of having a right-wing judge on the Supreme Court for some time, Cramer said. In other words, Kavanaugh’s nomination is not a reason for investors to go out and buy stocks today. “But over the longer term, this pick does suggest a solid conservative block on the Supreme Court that will favor corporations over regulation and smaller government over bigger government,” the “Mad Money” host said. “That creates a level of judicial certainty that I believe will make it easier to pick stocks, even if you hate the direction this court is going with every fiber of your being,” he continued. “I say you don’t have to like it to profit from it.”