TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the potential for trade tariffs and investor obsession over the 10-Year Treasury yield flirting with 3% is preventing the stock market from moving higher.

"When the economy gets strong, people sell bonds," Cramer noted."Those who don't understand that will sell bonds and stocks forever."

Yields on the 10-Year yield briefly hit 3% on Tuesday before moving below that threshold.

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