Market poised to rotate to small- and mid-cap stocks, top UBS advisor says

The logo of Swiss banking giant UBS engraved on the wall is seen on its headquarters on May 8, 2019 in Zurich.
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The market rally is going to look different as it pushes forward into 2021, a top advisor from UBS Wealth Management said Thursday.

Xi Qiao, managing director at the firm, said on CNBC's "Halftime Report" that smaller stocks would start to outperform larger one after major tech shares dominated the market for the past six months.