These market subgroups could have significant untapped potential, two traders say
1 min readArticle by Lizzy Gurdus. CNBC – March 18, 2021.
The search for untapped potential in this market is on as stocks hit new all-time highs.
The Dow Jones Industrial Average and S&P 500 notched fresh closing records on Wednesday following the Federal Reserve’s decision to leave interest rates unchanged as U.S. economic growth accelerates.
But with the U.S. 10-year Treasury yield near levels not seen since January 2020, high-growth sectors such as technology and health care are still struggling, the two biggest losers in the past month while energy and industrials take the lead.UBS analysts released a note Tuesday upgrading tech and downgrading communications services and health care, citing tech’s recent underperformance. […]