One sector outperforms the stock market 100% of the time when an economic recovery begins, Bank of America says. Where to invest now, and 5 reasons why the downturn phase is over

• Investors continue to fret over an economic downturn, but Bank of America thinks otherwise.
• Bank of America strategists see indications of a recovery, and that means good news for some stocks.
• Here’s why more cyclical stocks have room to run, as well as the sectors that always outperform.

It’s never easy to anticipate where exactly the economy will head next, particularly these days. With so much depending on data and the Fed’s interpretation of it, it’s been anything but simple for investors to position themselves where the puck is moving, and most have been playing catch-up all year long.