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What the SHUT is Telling Us

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A look at breadth and mean reversion for the SHUT Index relative to our Traditional Cyclicals Index indicates investors are still leaning defensive, something that may persist until mid-term elections. We may temporarily close our defensive sector underweights if we get the sense defensive sector outperformance could persist for at least two quarters.

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

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