Stocks were down slightly on Tuesday, but beneath the surface lies the continuation of a powerful rally.
Sector laggards — banks, industrials and energy — have become market leaders in the last few days.Call it the melding of the "reopening hopes rally" with the "hopes for expanded testing" rally.
His two favorite sectors are energy and financials. "They've been really beaten up and it doesn't take much for those sectors to do well," he said.
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