Next week, the big item on the calendar is the non-farm payrolls report for May. Jim Cramer says this will be a big report, especially as there is not a lot of other data or other companies reporting. He says that's the type of environment where one piece of data can move everything, especially in a thin market like this. He says if we get a strong number, he believes we will see a spike in rates. Cramer predicts that now the rest of the data we receive will be strong, and the GDP will be the last of the bad numbers. But as far as next week's jobs report goes, he says investors are divided about what they would like to see, meaning someone will be unhappy and there will ultimately be some profit-taking. With this in mind, he advises investors to be careful heading into the report.

More from Video

Video: This One Mathematical Concept Can Make You a Millionaire

Video: This One Mathematical Concept Can Make You a Millionaire

AAP Exclusive: Nvidia is Tied to Crypto and That's Bad

AAP Exclusive: Nvidia is Tied to Crypto and That's Bad

Video: Abercrombie & Fitch Shares Surged 57% So Far This Year

Video: Abercrombie & Fitch Shares Surged 57% So Far This Year

Video: Why It's Key to Invest in Stocks Even If You Have Student Loan Debt

Video: Why It's Key to Invest in Stocks Even If You Have Student Loan Debt

Video: The S&P 500 Is Failing to Make New Highs

Video: The S&P 500 Is Failing to Make New Highs