Monday's stock market generated another record close, and on top of that, Jim Cramer saw an extremely rare occurrence — both FANG and oil rallied at the same time.
President-elect Donald Trump's surprise victory caused a sudden shift in stocks as money managers rebalanced portfolios. Money rotated into banks and drug stocks, but on the back of FANG. They took money out of technology, and rotated it into the new groups.
This time, it was different.
"The growth stock sell-off made sense when it seemed like there was no new money coming in. But we now have a host of sources showing that cash is flooding into the market, and when that money comes in it flows to stocks like FANG and the much aligned Apple," the "Mad Money" host said. "I think these all have room to run."