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U.S. 'Bull Market' is Starting: Strategist

Hugh Johnson of Johnson Illington Advisors told CNBC that it's time to start buying stocks again.

He pointed to what he calls a key indicator of a market recovery: small caps are now outperforming large caps.

"You can't sit on the sidelines. You've got to be involved" in the markets, Johnson declared.

"Financial markets are sending a very clear signal: 'We've seen the worst, we're starting a bull market and all the right sectors are performing well.'"

Recommendations:

And which sectors are the right ones?

"Materials, industrials, cyclicals, technology," said Johnson. "These are bull-market sectors."

Disclosures:

Disclosure information was not immediately available for Johnson or his company.

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CNBC's Companies in the News:

GM

Bank of America

Verizon

UBS

Qualcomm

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Disclaimer