Growth Stocks and Healthcare are Fine, But Financials Are Not

Defensive yield sectors like telecom and utilities have ceded the market's leadership back to faster growing sectors like technology and healthcare in recent weeks. Nadia Lovell, U.S. equity strategist at J.P. Morgan Private Bank (JPM) - Get Report , said the trend will likely continue as investors shift their focus back to fundamentals. 'We think valuations are stressed now in value areas and therefore we think growth will continue to outperform from here,' said Lovell. Solid recent U.S. macro data, especially the employment numbers, have enabled the market to brush off the recession concerns that scared investors in January and early February.