TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer thinks investors should be watching the semiconductor space led by Micron Technology (MU) and the retail space led by Macy's (M) on Wednesday.

[The semis and retail] are enough to mount a rally provided that bonds stay tame, but that may not be possible," Cramer said. 

For exclusive investing insight from Jim Cramer, get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!

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