One of the bullish signals, says Arbeter, is the recent strength of the small-cap and mid-cap stock groups.

FORBES: Dow Industrial And S&P-500 Indices Seen Heading to New Record Highs

As often happens when Cramer discusses a small or mid-cap stock, CRUS bounced more than 11% on Tuesday morning.

FORBES: Cirrus Takes Cramer Tout To New High

Improving U.S. cyclical dynamics should disproportionately benefit smaller U.S. companies, in particular, because the small- and mid-cap stock indexes have greater exposure to economically sensitive sectors than large-caps, and generate a higher portion of earnings from domestic sources.

FORBES: Small-Caps Could Usher In The New Year With A Bang