Watch Jim Cramer names the Wall Street bright spots from a tumultuous third quarter Wall Street News

CNBC’s Jim Cramer on Monday seemed again at the previous 3 months, selecting out positives in a chaotic stretch for the marketplace.

“For once, good news was actually good news and interesting,” he stated. “The next time you start to feel horrible about the state of the world, remember that miracles can still happen — at least in the stock market’s third quarter.”

First, Cramer mentioned the leadup to the Federal Reserve’s 50 basis-point charge minimize, announcing the financial system controlled neither a exhausting nor comfortable touchdown — as an alternative, there was once “no landing at all.” The financial system endured to develop, Cramer stated, whilst inflation declined and unemployment rose. He added that the central financial institution set the degree for a really extensive charge minimize so they might make the transfer with out sending Wall Street into a panic.

The marketplace additionally broadened out after Big Tech had ruled for months on finish, Cramer stated. He famous how a lot of sectors had been in a position to have “their day in the sun,” together with banks, utilities, retail, well being care, housing and transports.

And regardless of the tumult in the leadup to a divisive presidential election, Wall Street “chose to ignore the drama,” he stated. He famous that buyers did not react critically when Vice President Kamala Harris changed President Joe Biden on the Democratic price tag or after the tried assassination of former President Donald Trump.

“The months of July, August, September gave us some outstanding returns,” Cramer stated. “Not only that, but the notorious month of September, traditionally among the worst months of the year, actually delivered some terrific results.”