There's a rotation happening in the market that investors can take advantage of by investing in cyclical stocks, according to Morgan Stanley Investment Management's Andrew Slimmon. "Not all 'Mag 7' stocks are moving all together, and that's because some of the fundamentals have bifurcated. ...
" Because the consensus has moved to a soft landing, you're seeing other parts of the market respond and that's a very good sign," Slimmon said, referring to the rotation into cyclical stocks. "If the economy was about to really slow down, you wouldn't see leadership in those areas ... we're in the earlier part of the second phase of a bull market.
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.
Source: CNBC - 🏆 12. / 72 Read more »