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S&P 500 Rally Can Continue on Decent Earnings, Cramer Says

The S&P 500 reached a record high shortly after the opening bell on Monday, and TheStreet's Jim Cramer said the market rally can continue if earnings are at least "decent."

The benchmark index rallied to an intraday high Monday of 2,143 following an outstanding jobs report on Friday. The index hadn't reached such levels since May 21, 2015, when it closed at a record 2,130.82.

"We are all based on the optimism that there was too much pessimism," Cramer said.

Cramer said stocks have been rising on macro concerns that the U.S. is the only place to put money. But investors will be closely scrutinizing earnings reports as the index's performance in the coming weeks is...