TheStreet's Jim Cramer says investors should beware of a strong employment report because it's the reason the market has rallied. Investors are mystified the markets are not up 200 points from the get-go, but the S&P 500 was already anticipating a good jobs number in its recent rally, says Cramer. Cramer says the financial sector will rally as the 10-year trades to 3-percent, but growth stocks will sell off first because their performance was based on a poor economy.

At the time of publication, Cramer was long ___.

More from Video

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Inside Carnival's Mind Blowing New Horizon Cruise Ship (Video)

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Elon Musk's Twitter Tirade Is the Dumbest Thing on Wall Street

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home