Investors should go long on energy stocks and short on healthcare shares, as the broad market's medium-term bullish reversal is going to favour cyclical sectors, Paris-based technical analysis firm Day-by-Day recommends.
"It is indeed time to move away from defensive stocks. We have already recommended an 'overweight' allocation on banks and techs," Day-by-Day head Valerie Gastaldy says.
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Investors should go long on energy stocks and short on healthcare shares, as the broad market's medium-term bullish reversal is going to favour cyclical sectors, Paris-based technical analysis firm Day-by-Day recommends.
"It is indeed time to move away from defensive stocks. We have already recommended an 'overweight' allocation on banks and techs," Day-by-Day head Valerie Gastaldy says.