NEW YORK ( TheStreet) -- "June was a lot better than May," Jim Cramer told his "Mad Money" TV show viewers on Tuesday, as he explained that company after company has confirmed this trend on their earnings calls.
Cramer said this news is finally starting to dawn on the markets, most of which was paying attention to doom and gloom forecasts and estimates based on macro economic theories. But in reality, Cramer noted that in the month of June the price of oil peaked, commodity prices fell and even unemployment showed a glimmer of hope. Cramer said if investors listen to the companies themselves, and not the macro theories, they'll get a whole different outlook on the markets.Cramer noted that company after company, from homebuilder Lennar (LEN) to apparel-maker Phillips-Van Heusen (PVH) all said things were looking better in June than they were in May. The same rings true for Nike (NKE), Fossil (FOSL), Pier 1 Imports (PIR) and Oracle (ORCL), a stock which Cramer owns for his charitable trust,
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