JPMorgan strategist who nailed the reopen trade says it's time to get defensive again

Can of Campbell's soup are displayed on a shelf at a grocery store on June 05, 2019 in Richmond, California.
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The JPMorgan equity strategist who predicted the reopening trade is now telling clients it's time to take a more defensive tilt to the portfolio.

The brokerage said in a note published Monday that while it may have been a good move in April to snap up stocks sensitive to the health of the U.S. economy, it's now time to pick up more resilient names in staples, utilities and technology.