Cramer Advises Capitalizing on Market Weakness Amidst High Bond Yields and Poor Stock Performance

1. CNBC's Jim Cramer's Advice on Recent Stock Market Weakness

CNBC's Jim Cramer suggested on Tuesday that investors should view the recent weakness in the stock market as an opportunity to buy, despite the increasing competition posed by U.S. government bonds.

2. The Impact of Rising Bond Yields on Stocks

Treasury yields have been climbing this month, with the yield on the benchmark 10-year note rising to 4.566% on Tuesday, a new 15-year high. The 30-year Treasury also hit a 4.7% yield on Tuesday, a level not seen since 2011. The S&P 500 has fallen 5.2% so far in September, while the tech-heavy Nasdaq has lost nearly 7%.

While the additional rise in yields has put pressure on stocks in September, Cramer argued that eventually interest rates will peak after the Federal Reserve tames inflation. That "means you need to buy some stocks here, not sell them," Cramer said.

3. Jim Cramer's Advice on Investing Amidst Rising Interest Rates

"Just don't do it all at once. Do it on a scale. Some here. Some lower. Because if Treasury yields do go to those levels, you want enough cash left over to buy more stocks," he continued.

Cramer suggested investors look for companies that can perform well and turn a profit even in a higher rate environment. To Cramer, investors should be searching for companies like his longtime favorite, Nvidia, saying, "I don't want to find more 10-years. I want to find you more Nvidias."

4. Balancing Stocks and Treasuries for Wealth Growth

"You buy stocks when you're trying to get rich; you buy Treasuries to stay rich," Cramer said. "I think a mix of both is fine, but if you go all bonds now, I now think you're liable to miss something real good in stocks, even as that seems downright impossible. It always seems that way. It never is."