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Could rate cuts help launch Industrials?

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If lower rates lead to more capital investment, Industrials should be one of the biggest beneficiaries. Capex has historically risen following first rate cuts not associated with a recession, and several leading indicators point to the possibility of a pickup in investment. Industrials will likely fare better if the economy remains resilient enough for the Fed to cut rates at a gradual pace.

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

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