Jim Cramer has basically accepted the fact that the Federal Reserve will be raising interest rates soon. But if he were just looking at the fundamentals of the economy right now, one would think they should be cutting them instead!
"The data for pretty much every industry I follow is coming up short, yet at the same time, it's become a matter of when, not if, the rate hike will occur," the "Mad Money" host said.
So, why not just go out and sell everything in your portfolio? Cramer is banking on two reasons to stick around.
First, the Fed execs could come to their senses and stop talking about how a raise in rates is inevitable. Second, there are actually positives happening outside the U.S. that could ultimately reverse America's export deficiency.
With this in mind, Cramer took into account a few international events to see how they play out on the world stage when crafting his game plan. If Greece finally finds a way to resolve things in Europe, Cramer thinks the stock market could rocket much higher based on the fact that a Greece deal could lead to a stronger euro.
However, if a rate hike occurs without a deal in Greece, the dollar could soar. And considering the fact that in the past decade, the month of June has brought the Dow Jones industrial average lower 80 percent of the time, the negative trend could continue if the dollar stays strong.
What else is Cramer watching next week?