CNBC's Jim Cramer said Monday the recent reshuffling on Wall Street is about more than a resurgence in small-cap stocks.
"This market is not experiencing a smallcap rally, it's experiencing a rally in everything else but the tech titans.
Cramer suggested the market isn't being led solely by a few smaller-cap companies that are performing well.
Instead, he said, large institutions may be buying poor quality small stocks "as part of a larger basket" with indexes like the Russell 2000 or the S&P Small Cap 600.
There are also larger companies that have seen huge gains recently as part of the market broadening, he said, such as McDonald's .
Persons:
CNBC's Jim Cramer, Cramer, Russell, Wall, McDonald's
Organizations:
titans