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.
Pro The Bull was never designed as a metoo statement sad that we cant even have a piece of art without making it political pence2020 jimcramer StockMrktAlerts
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NYSE to reopen trading floor to some market makers on WednesdayThe New York Stock Exchange will allow a limited number of market makers to return to its trading floor on Wednesday, nearly three months after closing it due to the coronavirus pandemic. 123,045 Creadores de Mercado?.....
Source: Reuters - 🏆 2. / 97 Read more »
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.
Source: BusinessInsider - 🏆 729. / 51 Read more »