Cramer: Tech's Strength Shields Market from Consumer Goods Weakness

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CNBC's Jim Cramer analyzes Monday's market, highlighting losses in consumer goods and other sectors. He attributes the market's resilience to tech's dominance, fueled by artificial intelligence and accelerated computing. Cramer believes investors prioritize growth over price, favoring tech companies with strong demand and pricing power. He warns that sectors lacking pricing power and offering low yields are vulnerable, particularly in the face of rising interest rates and a strong dollar.

CNBC's Jim Cramer reviewed Monday's market action and gave his take on why a large swath of stocks are notching losses, focusing on bruised sectors like consumer goods.

"This is a market that rewards growth regardless of price," he said."So, people will pay up for tech growth, which is all about real demand and pricing power, and they're avoiding companies that have lost pricing power and offer yields that are too low to compete with Treasurys."reviewed Monday's market action and gave his take on why a large swath of stocks are notching losses, focusing on bruised sectors like consumer goods.

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