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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