Cramer: Bear market 'irrepressible' outside of tech as rising costs hurt travel, housing, utilities and banks

CNBC's Jim Cramer said the bear market is "irrepressible" except for tech stocks.

Cramer highlighted weakness in previously bullish sectors like travel, housing, utilities, and banks.

Rising costs, tighter credit, and higher interest rates have hurt these sectors.

Without more sectors turning around, any rally will be constrained, Cramer said.

Cramer believes only tech has a strong bull case currently based on AI potential.