” The U.S. stock market has undergone a major shift over the past few weeks. Previously, defensive stocks led a cautious rally, and everyone was waiting to see whether investors would start pouring money into the riskier cyclical stocks as well to confirm that the rally was on.
That finally happened in August, but with the market weakening a bit last week, investors are wondering whether the rally in cyclicals can continue.
Morgan Stanley chief U.S. equity strategist Adam Parker said in a note to clients this morning that there are two catalysts left that he thinks can extend the rally:”
If you enjoy the content at iBankCoin, please follow us on Twitter
