Last week, the stay-at-home stocks were one group of stocks being impacted by the selloff. And yet, this week,
"Further vaccine progress would continue to fuel confidence about a broader economic recovery in 2021. The key beneficiaries of such a development would be value and cyclical sectors, which have lagged for much of this year. We recommend investors diversify for the next leg of the recovery, notably in our preferred areas including small and mid-caps, the UK market, as well as global industrial and consumer discretionary sectors," wrote UBS Global Wealth Management's CIO Mark Haefele on the rotation that the market is seeing from technology to cyclical stocks.