Jim Cramer says the market rotation is punishing last year's winners and reviving beaten-down stocks

CNBC's Jim Cramer said Wednesday that investors are watching a classic market phenomenon play out in real time: a violent rotation where yesterday's winners become sources of cash and yesterday's losers suddenly come back into favor.Cramer warned that these moments can feel chaotic — even irrational — but are often driven by valuation extremes finally snapping back toward equilibrium. He urged investors not to panic and to remember that rotations are how markets reset excesses and create the next set of opp ...