During this morning's Unfiltered segment of our daily Cramer Live show, Jim Cramer called the rotation into the financials and low-multiple tech "extraordinary."
"You're seeing the money fly out of the Shopify's
(SHOP) - Get Report and the Okta's
(OKTA) - Get Report and the Adobe's
(ADBE) - Get Report and going into the low multiple stocks," Cramer said.
Cramer said this move could be what it takes to take JPMorgan
(JPM) - Get Report and Goldman Sachs
(GS) - Get Report to new all-time-highs.
But what's driving the move? "Nothing," Cramer said.
"There's nothing happening other than a rotation, but the rotation seems incredibly powerful," Cramer said.
Catch his full take in the video above.
More from Cramer Today
Full Replay: Apple Watch Begins: What Jim Cramer Is Watching In the Markets
China By the Numbers: What Jim Cramer Is Watching
By Innovation Only? Jim Cramer Breaks Down What to Expect from the New iPhones
Jim Cramer: Why AT&T Should Invite Elliott Management In
Premium Pick: Jim Cramer: China Remains Among the Best Markets for All Our Exporters
Subscribe to our Youtube Channel for more videos : Listen our latest Podcasts on Soundcloud
Catch Up: Today's Top News Videos Below