These Two Sectors Should Outperform an Already Booming Stock Market

Even with the S&P 500 trading at a record high, there are still opportunities across the market.

Paul Christopher, head global market strategist at Wells Fargo Investment Institute, likes cyclical and health care sectors. 

"The highest priority? Play the growth - that would help cyclicals," Christopher said. "The next priority would be to play tax reform, which we think is likely in the first quarter of next year. The highest taxed sectors also include consumer discretionary, industrials and financials, so stay with those."  

As for looming stock market risks, Christopher pointed to the global synchronized pullback of central bank stimulus, which is expected to occur in 2018. 

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