The major market indexes are currently making relatively small moves; down a little one day and up some the next. But dig down into the stocks that are currently driving the gains and losses and Cramer says you'll find something rather intriguing.
"There's been a remarkable divergence within individual sectors," Cramer said.
That means investors should not expect a macro catalyst to move the stocks of companies in similar businesses, in the same way.
"Let's take the most glaring example, which is Caterpillar," Cramer said. "We know that construction is coming back in this country, both residential and non-residential."
That would seem bullish for CAT.
"However, CAT's been executing so horrendously investors refuse to buy it as a bet on construction. Therefore shares aren't moving on developments that otherwise would be a catalyst.
Instead the market is placing greater emphasis on management – in this case, the CAT management's inability to execute.