Wilson noted that some of the strongest performing stocks in recent days have been those which were previously hit hard by the coronavirus-driven market declines.
"When you come out of a recession, it should broaden out and that's what we're seeing," he said. "I think it's a healthy development." However, Wilson expressed caution around energy stocks. Although they have had a difficult year, he said, "I wouldn't recommend diving back into energy given what's going on there in the commodity markets."On March 26, just days after what has to this point been the market's coronavirus-driven lows, Wilson told CNBC that "we think this is probably the best risk-reward we've seen for investors in two years.
I like the banks and consumer stocks whether the economy is up or down. Just the best of breed, mind you.
Philippines Philippines Latest News, Philippines Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »