Noam Galai/Getty Images Investors are underestimating the imminent move higher in cyclical stocks that are poised to benefit from a reopened economy, according to JPMorgan.A staggered global economic recovery from the COVID-19 pandemic will prolong the reopening trade, JPMorgan's Marko Kolanovic said in a Tuesday note."As the COVID-19 recovery takes place, reopening, reflation and inflation themes, and value likely will significantly outperform growth and defensives," Kolanovic said.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.The reopening trade has stalled in recent weeks, with a decline in interest rates and the volatility index fueling outperformance in high-growth technology stocks relative to cyclical stocks that are poised to benefit from a reopening of the economy.But JPMorgan's Marko Kolanovic said investors are missing a big opportunity to load up on stocks that have significant upside ahead, according to a Tuesday note.Kolanovic expects the reopening trade to pick up where it left off in March and accelerate into late spring and summer.