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Sector Chartpack: Home Sweet Home

by Irene Tunkel, Chief Strategist  

In June, the rally gained momentum and broadened due to positive economic data, particularly in the housing market. We expect cheaper cyclical sectors and styles to mark a change in leadership as the rally broadens, helped on by excess cash on the sidelines. We upgrade Banks to equal-weight, and Homebuilders to overweight. The rally may continue but a soft landing continues to be elusive - disappointment may be in store.

BCAリサーチ | US Equity Strategy

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