TheStreet’s co-portfolio manager Jim Cramer says investors have been pouring money into industrial stocks with the expectation the March jobs figures were going to be better than what was reported. Cramer says traders were selling the big Nasdaq names and buying industrial names. He says it will be important to see whether investors rotate back into the tech names. Separately, Cramer says the flood of IPOs is also pulling money away from other names investors would typically be buying.
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