The stock market is riding on reopening optimism, causing tech stocks to fall and cyclical stocks to rise in Tuesday’s session, CNBC’s Jim Cramer said.
While the major averages were all down at the close, Cramer said the action was defined by a decline in consistent operators and a rise in sporadic boom-and-bust stocks.
“It’s all about optimism, people. Investors are voting with their feet,” the “Mad Money” host said. “They’re leaving these secular growth stories, the stocks of companies that do well regardless of whether the economy is running hot or cold. Instead, they’re finding their way to stocks of companies that only make big money when business is booming.”
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