confidence drives stock and capital investments

“I know that it's hard to relate the Supreme Court to stocks, but I would say this choice is a P/E-multiple-expanding moment, given that there are now five members of the court who are relatively like-minded about the role of government in business,” Cramer wrote in a Real Money column. “That gives executives that predictability that they crave.”

Not only does predictability and consistency embolden investors to buy stocks, it also emboldens companies to spend and invest their own money. While Kavanaugh isn’t necessarily pro-business, Cramer said his anti-government leanings make him a “subtle win” for the stock market.