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Cramer: Don't Miss This Broad Market Shift
10 Jan
Summary
- A broad market rally is benefiting overlooked sectors.
- Data storage stocks are showing significant gains.
- Upcoming events include the JPMorgan Healthcare Conference and earnings.
The stock market is experiencing a widespread rally, moving beyond the dominant tech giants of the previous year, according to Jim Cramer. This shift sees money flowing into previously overlooked sectors, with data storage companies delivering particularly strong performance.
While market leaders like Apple and Nvidia are currently experiencing a lull, Cramer suggests they are serving as funding sources for investors seeking new opportunities. Upcoming events, including the JPMorgan Healthcare Conference and the start of earnings season with JPMorgan Chase, are poised to provide further market direction.
Investors will also be closely monitoring the December consumer price index for inflation clues. Cramer anticipates a busy week for dealmaking news, especially following the healthcare conference, and advises a strategy of buying bank stocks on any dips triggered by cautious commentary.
