Jim Cramer's Insights on Bonds, Stocks, and Market Movements

CNBC's Jim Cramer believes that the stock market is currently being controlled by the bond market, stating that stocks cannot rally until bond prices rise and yield rates decrease. Cramer warns that if rates continue to rise, investors may lose money on stocks, as bonds are currently dictating the market. He uses the example of spice maker McCormick, whose shares fell despite reporting an "OK" quarter, attributing the decline to the impact of bond market activity. Cramer emphasizes the inverse relationship between the bond and stock markets, highlighting the importance of bond prices in determining stock valuations.