A sector rotation is underway in the markets, Cramer said during Tuesday’s Stop Trading!.
Investors are selling their stakes in cyclical plays like Caterpillar , Bucyrus International and Joy Global and buying defensive names like Clorox , Johnson & Johnson and Kellogg instead. And these latter companies haven’t exactly performed well enough to warrant the buying, Cramer said.
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What’s at the heart of the move?
Fear. Fear that the US economy will continue to lag without job creation.