AllMarket Outlook
logoArgusSeptember 10, 2020

Daily Spotlight: Argus Adjusts Sector Ratings

Market Outlook
Bullish - Short term
Summary

We have adjusted our recommended sector allocations this month. The following reflects our guidance for the calendar fourth quarter of 2020. We have raised Consumer Discretionary to Over-Weight from Market-Weight. We have lowered Real Estate to Under-Weight from Market-Weight, and have raised Basic Materials to Market-Weight from Under-Weight. The rebalancing process takes place four times a year, early in the months of March, June, September, and December. Our current Over-Weight sectors are Technology, Healthcare, Communication Services, Consumer Discretionary and Utilities. Our current Market-Weight sectors are Consumer Staples, Industrial, Financial Services and Basic Materials. Our Under-Weight sectors are Energy and Real Estate. Argus suggests that investors use this process to tweak weightings within their balanced equity portfolios in order to take advantage of valuation imbalances.

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