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2018 Sector Positioning

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Given our 2018 focus on rising rates and accelerating growth, we upgrade: Financials (overweight), Discretionary (marketweight), Telecom Services (marketweight) and downgrade: Utilities (underweight) and Real Estate (underweight), and Technology (marketweight). We are making a tactical allocation shift from Energy to Discretionary, based on strong seasonal tendencies.

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

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