This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Some strategist on Wall Street have been warning that the recovery is already priced into stocks. iShares' Chief Investment Strategist Gargi Chaudhuri thinks otherwise. She shared with Insider why cyclicals still have further to run. Some of the more cyclical sectors of the stock market, like small-caps, have skyrocketed to new heights over the last six months, after multiple COVID-19 vaccine discoveries and a Democratic sweep in the 2020 election. The steep run-up in the recovery-tied stocks has led some strategists to say the recovery is priced in by now, and investors should prepare to exit the early stages of the new