NEW YORK (Real Money) -- Jim Cramer fills his blog on RealMoney every day with his up-to-the-minute reactions to what's happening in the market and his legendary ahead-of-the-crowd ideas. This week he blogged on:
- a rotation out of domestic into anything that is international but domestically based;
- and Shake Shack's room for growth.
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There's a Vicious Stock Market Rotation Happening
Posted at 10:49 a.m. EDT on Thursday, May 14, 2015
Could people be more out of position? This is a vicious rotation out of domestic -- anything domestic, rails, airlines, restaurants, retailers, you name it -- into anything that is international, but domestically based.
You can have companies that didn't even report gangbuster numbers, like IBM (IBM), move hard here because you could have a huge delta because of the weak dollar. The rotation also includes the financials because of a belief that a weak dollar allows the Fed to raise rates.
It is hard to sit here and watch a stock of a company like Target (TGT), which is a special situation, get brought down by the retail ETF to a level where you could put it away, but no one wants to do that.