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Sector Chart Pack: January Jumpstart

by Irene Tunkel, Chief Strategist   Guy Russell, Associate Vice President  

The Santa Claus rally has been fueled by investors optimism about a soft landing which is the least likely macro outcome in 2024. A pullback in the market is imminent as the probability of "too hot" or "too cold" will get priced in. We are downgrading Software and Services on a tactical basis to take profits but maintaining a strategic overweight in the same trade.

BCAリサーチ | US Equity Strategy

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