Public Publication Content

Implementing Thematic Shifts

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Shifting to Commodity over Consumer theme; Upgrading Energy to overweight while downgrading Consumer Discretionary to underweight. Health Care upgraded to marketweight while Utilities downgraded to marketweight, more in line with Growth over Value. Energy Equipment & Services, Biotechnology, and Aerospace & Defense upgraded to overweight. Independent Power Producers & Energy Traders upgraded to marketweight; Electric Utilities downgraded to marketweight and Media to underweight.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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