Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020.

Brendan McDermid | Reuters

The historic economic reopening is breathing life into areas of the market that once fell out of favor, setting up a long-awaited opportunity for stock pickers to shine.

Top strategists from major Wall Street firms are advocating for active management as leadership moves down on the market-cap ladder and performance correlation among individual stocks comes down.

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