Jim Cramer on What’s Driving Market Rally

A potential August rate cut from the Bank of England, a strong quarter from J.P. Morgan (JPM) - Get Report and the Line (LN) - Get Report IPO are all creating the excitement that is taking stocks higher, says TheStreet's (TST) - Get Report Jim Cramer. Cramer added that the Yum! Brands (YUM) - Get Report quarter last night was also strong, especially its KFC China business. Good news from the transportation sector, notably the airlines, has also helped lifted stocks. From a bottoms-up perspective, stocks are healthy so far this earnings season and investors are recognizing it, according to Cramer.