Jim Cramer warns of market stagnation as interest rates continue to rise

CNBC's Jim Cramer expressed concern over rising bond yields and interest rates, stating that the market will struggle to advance if rates continue to climb. Cramer highlighted the historical trend of stocks plummeting in September, unless proven otherwise by robust mega-cap tech stocks. He pointed out the positive performance of certain tech stocks like Meta and Microsoft, as well as the impact of rising crude oil prices on energy stocks. Cramer emphasized the need for rates to stabilize to avoid a recession and allow stocks to rise, but noted that current indicators from oil and major cyclicals are not supportive of this scenario.