Excerpt from CNBC quoting DataTrek Research:
…. “While stocks are headed for some modest gains this week, the market seems stuck in place following its big comeback from the coronavirus lows. But if history is any guide, that doesn’t mean investors can’t find return as the overall market churns, according to DataTrek.
The research firm expects stocks to be range bound for a period of time, giving equities a chance to grow into their current fundamentals. This “do-nothing” market will also give the relative underformers of the epic rebound — like consumer staples — a chance to catch up to the high flying sectors of this market, creating a buying opportunity for investors”….
You can read the full article here on CNBC.