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Neutralizing Growth/Value in sector allocation

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We are upgrading Energy and Industrials to marketweight and downgrading Consumer Discretionary to marketweight. The moves put us in line with the move to neutralize Growth versus Value. While we are skeptical of a sustained move for Value sectors, we remain vigilant as Value sectors have become very long-term oversold relative to Growth sectors.

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

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