Increasing Our Cyclical Value Sector Allocation

  • July 20, 2020

Lifting Financials to overweight, Energy to marketweight, while lowering Consumer Staples, Utilities, and Real Estate to underweight. Sector allocation changes since June 3 move cyclical sectors from 670 basis points underweight to 670 overweight. Cyclical Value sectors have been hit hardest by coronavirus, but are now mean reverting.