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Getting more aligned with the sector model

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Upgrading Consumer Discretionary to overweight and Materials to marketweight, downgrading Utilities and Real Estate to marketweight. The moves reflect the rising U.S. COVID case count and get us more in line with the sector model. The outlook for Financials has worsened, but we give the sector the benefit of the doubt for now.

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

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