Jim Cramer describes positive and negative forces that are shaping market action

CNBC's Jim Cramer on Wednesday highlighted both positive and negative themes that are driving market action. "It's mixed, in this volatile climate

Some good, some bad…When it gets all good, it will be too good

When it gets all bad, it'll be too bad," he said, given current economic conditions

On Wednesday he described a fraught environment, highlighting both positive and negative themes that are driving the action

On the other hand, "It's mixed, given current economic conditions

Some good, some bad…When it gets all good, it will be too good (remarkable data), in today's financial world

When it gets all bad, it'll be too bad," he said. "Maybe right now it's just right — and we should be skeptical, but not cynical, because there's too much money being made, and I don't want you to leave the table

Moreover, "Cramer mentioned President Donald Trump's trade deal with Japan

Additionally, Meanwhile, Trump announced Tuesday that he would implement 15% tariffs on Japanese imports and said the country would invest $550 billion into the U

Cramer noted that the new duty is less extreme than Trump's initial posal and "something most es can with

Moreover, " However, he suggested that the deal could be inflationary and discourage the Federal Reserve from cutting interest interest rates, amid market uncertainty

Additionally, Cramer said there are some strong themes that could see long-term success, including the data center

He noted that GE Vernova, an energy company that powers much of the new nology, indicated that demand for data center electrification is strong

Although he said there are some investors who are suspicious of the data center buildout and question whether the hyperscalers need so much computing power

Nevertheless, On the other hand, Earnings season has been strong so far, Cramer continued, pointing to success from major banks and healthcare-related companies (an important development)

Moreover, Nevertheless, Alphabet's quarter sent the stock climbing in ext trading on Wednesday, Cramer noted, in today's market environment

While not all outfits are beating the estimates, he said the good outweighs the bad

Additionally, However, he said there is "froth that feels the market before the Great Recession hit in 2008, or the dot com period in 1999, or the SPAC and GameStop mania of 2021. " He said there are some investors, including hedge funds, that are "up to speculative things that make my stomach, well, let's say, churn. " He named recent buying action in legacy department store chain Kohl's, which has 50% short interest

He said the stock is not a safe short, as it's too cheap, and the company could still be acquired by a big buyer. "But away from Kohl's, we see things happening that if we had a tough SEC, well, we would be against, considering recent developments

Many one and two and three dollar stocks are getting bagged, being gunned and, for all I know, being liquidated…for a quick win," he said. "I don't want to dignify them with a mention…but I would say that many of these should be investigated, given the current landscape

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Disclaimer The CNBC Charitable Trust owns s of GE Vernova and Alphabet

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