S&P: Time to Play Defense

Standard & Poor's has downgraded cyclical sectors such as IT in favor of traditionally defensive groups such as consumer staples. Here's a rundown

On Jan. 9, Standard & Poor's Equity Strategy Group embraced a more defensive view of the market by upgrading the traditionally defensive sectors and downgrading the traditionally discretionary/cyclical sectors. Specifically, we upgraded Consumer Staples, Health Care, Energy, and Utilities to overweight from marketweight; downgraded Information Technology to underweight from overweight; and downgraded Industrials to underweight from marketweight.

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