Jim Cramer is always analyzing the dynamics of the market. And after looking at a wide range of developments, he thinks a confluence of positives may be coming together.
"I have been building a thesis that a decline in inflation isn't being taken into account positively enough by the stock market," Cramer said.
The "Mad Money" host drew the conclusion after Russian President Vladimir Putin banned U.S. chicken imports. Although immediate analysis suggested the ripple would be very negative, and it may be for chicken farmers, since that time commodities have tumbled.
"We are now in the midst of a wholesale retreat in prices for virtually every commodity I follow save cheese. Grains, hogs, cattle, poultry, they are all getting hammered. The building blocks of the American diet are tumbling down in price," he said.
Cramer believes the sudden increase in supply of chickens, due to Putin, amplified what he believes was a glut of commodities broadly. In turn, prices tumbled.
Although that's a headwind for farmers, for most Americans it's a very bullish tailwind. The cost of food shouldn't go up, and could go down substantially. In turn millions of Americans may find themselves with a little extra money in their wallets.
To make matters that much more bullish, Cramer believes lower prices in other areas of the market could also generate a virtuous spiral.
"We're experiencing an unexpected decline in gasoline despite the summer driving season and geopolitical turmoil," Cramer said. Also, mortgage rates are declining, making homes that much more affordable.
--------------------------------------------------------------
Read more from Mad Money with Jim Cramer
Cramer seeks great brands of tomorrow
Charles River ready to run?
Skip Park Place, advance to Boardwalk
--------------------------------------------------------------
All told, Cramer sees a lot of positive developments that could ripple across the landscape.
Lower rates could goose home buying. Lower food prices and gas prices should leave consumers with a little extra cash. And lower commodities and energy prices should drive input costs lower for many companies, which, in turn, could generate bigger profits, benefiting investors.
Almost everyone wins. Cramer said. "Chicken farmers? Sure they may be hurting. The rest of us? It's all good."
(Click for video of this Mad Money segment)
Call Cramer: 1-800-743-CNBC
Questions for Cramer? madmoney@cnbc.com
Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com