These stocks could rally in 'second phase' of bull market, Morgan Stanley Investment Management says

There's a rotation happening in the market that investors can take advantage of by investing in cyclical stocks, according to Morgan Stanley Investment Management's Andrew Slimmon. "Not all 'Mag 7' stocks are moving all together, and that's because some of the fundamentals have bifurcated. ...

" Because the consensus has moved to a soft landing, you're seeing other parts of the market respond and that's a very good sign," Slimmon said, referring to the rotation into cyclical stocks. "If the economy was about to really slow down, you wouldn't see leadership in those areas ... we're in the earlier part of the second phase of a bull market.

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