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Health Care and Discretionary to marketweight, Real Estate to underweight

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Upgrading Heath Care (MW), and downgrading Consumer Discretionary (MW) and Real Estate (UW). Maga-cap tech divergences have helped several beaten down sectors outperform to begin 2025. We are watching Financials, Energy, and Technology for potential future position changes.

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

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