The cross-currents of the stock market are so strong Jim Cramer says he can only depend on Michael Phelps to navigate the dangerous riptides to figure out what is going on.
"While the averages might not have told you this today, I am telling you that today was the most bullish day yet in the now fabled post-election Trump rally," the "Mad Money" host said.
Tuesday's market was not only bullish for post-election stocks, but also the pre-election winners took part in the action. This included banks, drug stocks and technology stocks.
However, underlying it all were bonds, which controlled the current of the market.
Interest rates have soared after the election because Trump plans to do some serious spending and big-league tax cuts. That means borrowing money from the bond market in order to fund all of this.