Jim Cramer on two trends moving the market: Global trade and dollar weakness

CNBC's Jim Cramer laid out two broad ideas that he thinks are driving market action

He said it's important for investors to understand trends and impactful current events. "You know why I first got into this whacky

Stories, stories that's why," Cramer said

Watch now2:1902:19Stories are driving much of the action, it's why the market's buoyancy continues, says Jim CramerMad Money with Jim CramerCNBC's Jim Cramer on Wednesday discussed a couple broad ideas that he thinks are driving market action, saying it's important to understand trends and impactful current events. "You know why I first got into this whacky

Stories, stories that's why," Cramer said. "Tremendous, intriguing stories, tales that could explain what's going to happen — and you could actually make a little money from them

That's what's happening right now, and the stories are driving much of this action. "According to Cramer, Wall Street is at "an inflection point. " He said investors can focus on "minutiae," job losses in healthcare, moves in the 10-year Treasury or ary from different members of the Federal Reserve

Or, he said, "we can keep an eye on all of that but focus on some stories that can make us some money. "Cramer first pointed to developments in global trade regarding Vietnam

He described how President Donald Trump slapped Vietnam with a hefty tariff on his so-called "Liberation Day" back in April

The move came as a blow to many major companies who had rushed to move manufacturing from China to Vietnam to appease Trump, he said

Since then, Cramer continued, many apparel and furniture companies have seen their stocks take a hit as they face supply chain upset

However, Trump on Wednesday announced that the U

Struck a trade deal with Vietnam that established a lower tariff on goods than he has initially threatened

A number of stocks jumped at the news, Cramer said, including Nike and Williams-Sonoma

He also named Gap, Levi Strauss and Kontoor Brands — which owns Lee, Wrangler and Helly Hansen — as potential winners

Another notable trend Cramer identified is the weakness of the dollar, which reached a four-year low

Cramer said he thinks this weakness is positive for consumer packaged goods' companies cter & Gamble, because it makes their exports more competitive. "Now, I don't cter & Gamble stock that much here, but it's pretty obvious they'll be able to beat the numbers thanks to the weaker dollar," he said

Jim Cramer's Guide to Click here to download Jim Cramer's Guide to at no cost to help you build long-term wealth and invest smarter

Now for the CNBC to Jim Cramer's every move in the market

DisclaimerQuestions for Cramer

Mad Money Twitter - Jim Cramer Twitter - Facebook - InstagramQuestions, s, suggestions for the "Mad Money" website