CNBC's Jim Cramer analyzed Wednesday's market rally, identifying different elements that spurred stocks gains, including optimism about incoming rate cuts from the Federal Reserve and strong earnings from a few sectors.

He also suggested investors broaden their perspective beyond the volatile tech space and look at areas like retail and banking.

"For once, we have a genuine macro rally. Let's stop obsessing on what we don't know about tech," Cramer said. "And let's just own, not trade, Apple and Nvidia, and get long the real economy stocks that could be poised for a world championship run for the roses into the end of the year, barring something crazy coming out of the White House."

The indexes saw gains on Monday, with the Dow Jones Industrial Average climbing 0.86%, while

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