Spencer Platt | Getty ImagesIt's time to rotate out of the stocks that have driven the market higher for several weeks, JPMorgan strategists said in a note.
Last month, the strategists told clients to buy cyclical stocks that were sensitive to the speed of the economic recovery and the overall direction of the market, or "beta stocks." Now, the rotation into those names has run its course, and consumer staples are back on the menu, the note this week said.
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Buy the dip in stocks as risk of new economic lockdowns due to COVID-19 is low, JPMorgan says | Markets InsiderInvestors should buy the dip in stocks as the risk of a new round of economic lockdowns due to the coronavirus pandemic remains low, JPMorgan sa... Bet my cousin Shane gets great gas mileage too WHO:- warn UK should not lift lockdown rules until the test and trace system is ready for new COVID19 cases Just a heads up: JPMorgan doesn't have any epidemiologists on staff.
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