CNBC’s Jim Cramer said the rally in infrastructure-related stocks Monday demonstrates the growing influence of retail investors on Wall Street.
The “Mad Money” host expressed surprise that companies such as steelmaker Nucor and construction materials supplier Martin Marietta moved solidly higher during Monday’s session, which was the first since the House of Representatives passed a more than $1 trillion infrastructure bill late Friday.
“Historically, you had to buy before something good happens, and then sell into the news. The smart money always loaded up and crushed bids when stories broke, often leading to big losses for anyone who bought the news,” Cramer said. “Not this market, though. The new pattern is insane if you’ve got experience, but it’s making fortunes for newcomers.”
Cramer pointed to Nucor, in particular, to make his case. While he noted he’s maintained an optimistic…
