CNBC’s Jim Cramer on Monday said that investors should not be afraid of the latest rotation in the market, arguing that the move has created chances to buy good companies that have fallen because of institutional selling.
Cramer, a former hedge fund manager and the host of CNBC’s Mad Money, said Monday’s market action was linked to last week’s June jobs report, which showed hiring had slowed from the previous month. That data appeared to push large money managers to adjust their portfolios.
