Not all of the Dow stocks are winners, though, says Gordon.. Prices have firmed in the second quarter, [but] there's just a ton of supply in the market … so it's going to cap prices," said Gordon.
Federated Hermes portfolio manager Steve Chiavarone expects broader markets to extend the second-quarter rally, though is hedging cautiously in case of any bumps on the road higher. "The overarching theme here is that we are transitioning from recession to recovery. Now what's the strength of that recovery going to be? That's going to be largely dependent on how the Covid cases develop particularly across the Southern and Western region," Chiavarone said during the same segment."For the first time in a long time, we took a little bit out of value sectors in the U.S.
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