CNBC's Jim Cramer on Tuesday analyzed the current market action, pointing out the way consumer-focused companies are suffering while outfits that deal with data and have enterprise customers triumph.
"Right now, you have to follow the money, and it's currently flowing to businesses that cater to other businesses and the ones that need to interrogate the data," he said.
Cramer asserted that "the spigot from the tech titans to everything else" is endless and unavoidable, calling out the biggest names that have and interrogate data, including Amazon , Alphabet , Microsoft , Meta and Apple .
But Cramer said this consumer weakness will not last forever and the money flow may shift once rates come down.
"The good news about the limited consumer spending is that we don't have to declare it static," he said.
Persons:
CNBC's Jim Cramer, Cramer, Wall
Organizations:
Depot, Companies, Microsoft, Meta, Apple