Want to gauge the temperature of this stock market at document highs? Jim Cramer says to check out the stock chart of a Wall Street agency based a couple of years after the top of the Civil War: Goldman Sachs . “Goldman encapsulates everything — IPOs, M & A, trading volume. This is the barometer for this stock market, and it took off like I haven’t seen in ages,” Cramer mentioned earlier than Wednesday’s opening bell. Cramer’s Charitable Trust, the portfolio utilized by the CNBC Investing Club, owns a stake in Goldman Sachs. Shares of the long-lasting American funding financial institution, established in 1869, jumped 3.4% on Tuesday to shut at an all-time excessive of $743.38. That introduced its year-to-date positive factors to roughly 30%. More remarkably, the stock is up about 61% from its “reciprocal tariff” lows in early April — greater than double the S & P 500’s advance in that point. Goldman shares prolonged their positive factors modestly in Wednesday’s session. GS .SPX YTD mountain Goldman’s year-to-date efficiency versus the S & P 500. At a time when the billions of {dollars} being spent on synthetic intelligence infrastructure like information facilities and semiconductors — and speculative meme shares made a return — Goldman’s enormous yr could also be flying underneath the radar for some traders. Tariff-driven market volatility performs proper into the fingers of Goldman’s buying and selling desks. But as tariff uncertainty has declined, the rebound in mergers-and-acquisitions exercise and the thawing of the preliminary public providing market has made its bankers fairly busy. For its half, Goldman additionally has a group concerned in information heart financing. Goldman’s huge advance Tuesday, particularly, got here alongside a powerful day for the broader monetary sector, Cramer famous, as traders wager the July client value index report would give the Federal Reserve a inexperienced mild to chop rates of interest at its September assembly. Given the financial sensitivity of monetary companies, Cramer mentioned it’s encouraging when the cohort is an lively participant in market rallies. Additionally, Goldman stock rallied Tuesday regardless of President Donald Trump’s social-media criticism of Goldman CEO David Solomon and the financial institution’s chief economist over the agency’s evaluation of tariffs. “Just when the president was attacking Solomon, Solomon’s business has come together. I find that ironic,” Cramer mentioned.